Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2012

Information Regarding Amounts Included In Discontinued Operations

			Three Months Ended				Six Months Ended
			June 30,				June 30,
			2012		2011		2012		2011

			(dollars in millions)
Net revenues(1):
	Saxon	$	1	$	30	$	77	$	54
	Quilter		132		36		163		69
	Other(2)		(6)		14		(8)		24
		$	127	$	80	$	232	$	147

Pre-tax gain (loss) on discontinued operations(1):
	Revel	$	—	$	—	$	—	$	(10)
	Saxon(3)		(40)		(29)		(15)		(63)
	Quilter(4)		95		6		97		9
	Other(2)		(6)		1		(6)		13
		$	49	$	(22)	$	76	$	(51)

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(1) Amounts included eliminations of intersegment activity.

(2) Amounts included in Other for the quarter and six months ended June 30, 2011 are related to the Company's retail asset management business, CityMortgage Bank and other.

(3) Amount for the six months ended June 30, 2012 included a pre-tax gain of approximately $51 million, primarily resulting from the subsequent increase in fair value of Saxon, which had incurred impairment losses of $98 million in the quarter ended December 31, 2011, as well as approximately $20 million and $25 million of severance costs incurred in the quarter and six months ended June 30, 2012, respectively, in connection with the disposition of Saxon.

(4) Amount for the quarter and six months ended June 30, 2012 included a pre-tax gain of approximately $108 million in connection with the sale of Quilter.

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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