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Condensed Consolidated Statements of Financial Condition (unaudited) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Assets    
Cash and due from banks ($477 and $511 at June 30, 2012 and December 31, 2011, respectively, related to consolidated variable interest entities generally not available to the Company) $ 12,408 $ 13,165
Interest bearing deposits with banks 29,598 34,147
Cash deposited with clearing organizations or segregated under federal and other regulations or requirements 29,418 29,454
Financial instruments owned, at fair value (approximately $131,397 and $140,749 were pledged to various parties at June 30, 2012 and December 31, 2011, respectively):    
U.S. government and agency securities 54,138 63,449
Other sovereign government obligations 33,628 29,059
Corporate and other debt ($2,734 and $3,007 at June 30, 2012 and December 31, 2011, respectively, related to consolidated variable interest entities, generally not available to the Company) 57,757 68,923
Corporate equities 46,346 47,966
Derivative and other contracts 34,343 48,064
Investments ($1,809 and $1,666 at June 30, 2012 and December 31, 2011, respectively, related to consolidated variable interest entities, generally not available to the Company) 8,229 8,195
Physical commodities 6,141 9,697
Total financial instruments owned, at fair value 240,582 275,353
Securities available for sale, at fair value 31,442 30,495
Securities received as collateral, at fair value 12,150 11,651
Federal funds sold and securities purchased under agreements to resell (includes $622 and $112 at fair value at June 30, 2012 and December 31, 2011, respectively) 147,988 130,155
Securities borrowed 134,263 127,074
Receivables:    
Customers 37,666 33,977
Brokers, dealers and clearing organizations 9,107 5,248
Fees, interest and other 10,208 9,444
Loans (net of allowances of $77 and $17 at June 30, 2012 and December 31, 2011, respectively) 21,394 15,369
Other investments 4,730 4,832
Premises, equipment and software costs (net of accumulated depreciation of $5,311 and $4,852 at June 30, 2012 and December 31, 2011, respectively) ($229 and $234 at June 30, 2012 and December 31, 2011, respectively, related to consolidated variable interest entities, generally not available to the Company) 6,343 6,457
Goodwill 6,610 [1] 6,686 [1]
Intangible assets (net of accumulated amortization of $1,078 and $910 at June 30, 2012 and December 31, 2011, respectively) (includes $8 and $133 at fair value at June 30, 2012 and December 31, 2011, respectively) 3,987 4,285
Other assets ($355 and $446 at June 30, 2012 and December 31, 2011, respectively, related to consolidated variable interest entities, generally not available to the Company) 10,623 12,106
Total assets 748,517 [2] 749,898 [2]
Liabilities and Equity    
Deposits (includes $1,965 and $2,101 at fair value at June 30, 2012 and December 31, 2011, respectively) 68,252 65,662
Commercial paper and other short-term borrowings (includes $840 and $1,339 at fair value at June 30, 2012 and December 31, 2011, respectively) 1,988 2,843
Financial instruments sold, not yet purchased, at fair value:    
U.S. government and agency securities 27,770 19,630
Other sovereign government obligations 22,208 17,141
Corporate and other debt 9,041 8,410
Corporate equities 29,521 24,497
Derivative and other contracts 34,935 46,453
Physical commodities 0 16
Total financial instruments sold, not yet purchased, at fair value 123,475 116,147
Obligation to return securities received as collateral, at fair value 17,078 15,394
Securities sold under agreements to repurchase (includes $346 and $348 at fair value at June 30, 2012 and December 31, 2011, respectively) 108,678 104,800
Securities loaned 30,762 30,462
Other secured financings (includes $9,236 and $14,594 at fair value at June 30, 2012 and December 31, 2011, respectively) ($1,419 and $2,316 at June 30, 2012 and December 31, 2011, respectively, related to consolidated variable interest entities and are non-recourse to the Company) 17,323 [3] 20,719 [3]
Payables:    
Customers 119,455 117,241
Brokers, dealers and clearing organizations 4,158 4,082
Interest and dividends 3,166 2,292
Other liabilities and accrued expenses ($55 and $121 at June 30, 2012 and December 31, 2011, respectively, related to consolidated variable interest entities and are non-recourse to the Company) 14,717 15,944
Long-term borrowings (includes $42,482 and $39,663 at fair value at June 30, 2012 and December 31, 2011, respectively) 167,828 184,234
Total liabilities 676,880 679,820
Commitments and contingent liabilities (see note 11)      
Morgan Stanley shareholders' equity:    
Preferred stock 1,508 1,508
Common stock, $0.01 par value; Shares authorized: 3,500,000,000 at June 30, 2012 and December 31, 2011; Shares issued: 2,038,893,979 at June 30, 2012 and 1,989,377,171 at December 31, 2011; Shares outstanding: 1,977,402,742 at June 30, 2012 and 1,926,986,130 at December 31, 2011 20 20
Paid-in capital 23,151 22,836
Retained earnings 40,586 40,341
Employee stock trust 3,198 3,166
Accumulated other comprehensive loss (220) (157)
Common stock held in treasury, at cost, $0.01 par value; 61,491,237 shares at June 30, 2012 and 62,391,041 shares at December 31, 2011 (2,204) (2,499)
Common stock issued to employee trust (3,198) (3,166)
Total Morgan Stanley shareholders' equity 62,841 62,049
Noncontrolling interests 8,796 8,029
Total equity 71,637 70,078
Total liabilities and equity $ 748,517 $ 749,898
[1] The amount of the Company’s goodwill before accumulated impairments of $700 million, which included $673 million related to the Institutional Securities business segment and $27 million related to the Asset Management business segment, was $7,310 million and $7,386 million at June 30, 2012 and December 31, 2011, respectively.
[2] Corporate assets have been fully allocated to the Company’s business segments.
[3] Amounts include $9,236 million and $14,594 million at fair value at June 30, 2012 and December 31, 2011, respectively.