v2.4.0.6
Earnings Per Common Share (Calculation of Basic and Diluted EPS) (Details) (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Basic EPS:        
Income from continuing operations $ 714 $ 1,432 $ 863 $ 2,577
Net gain (loss) from discontinued operations 36 [1] (26) [1] 21 [1] (41) [1]
Net income 750 1,406 884 2,536
Net income applicable to noncontrolling interests 159 213 387 375
Net income applicable to Morgan Stanley 591 1,193 497 2,161
Less: MUFG stock conversion 0 (1,726) 0 (1,726)
Less: Allocation of earnings to participating RSUs:        
From continuing operations (3) [2] (1) [2] (3) [2] (3) [2]
Earnings (loss) applicable to Morgan Stanley common shareholders 564 (558) 446 188
Weighted average common shares outstanding 1,885,179,182 1,464,295,984 1,881,070,509 1,460,155,981
Earnings (loss) per basic common share:        
Income (loss) from continuing operations $ 0.28 $ (0.36) $ 0.23 $ 0.16
Net gain (loss) from discontinued operations $ 0.02 $ (0.02) $ 0.01 $ (0.03)
Earnings (loss) per basic common share $ 0.30 $ (0.38) $ 0.24 $ 0.13
Diluted EPS:        
Earnings (loss) applicable to Morgan Stanley common shareholders 564 (558) 446 188
Weighted average common shares outstanding 1,885,179,182 1,464,295,984 1,881,070,509 1,460,155,981
Effect of dilutive securities:        
Stock options and RSUs 27,000,000 [2] 0 [2] 26,000,000 [2] 17,000,000 [2]
Weighted average common shares outstanding and common stock equivalents 1,911,709,377 1,464,295,984 1,907,107,639 1,477,572,132
Earnings (loss) per diluted common share:        
Income (loss) from continuing operations $ 0.28 $ (0.36) $ 0.23 $ 0.16
Net income (loss) from discontinued operations $ 0.01 $ (0.02) $ 0 $ (0.03)
Earnings (loss) per diluted common share $ 0.29 $ (0.38) $ 0.23 $ 0.13
Series A Preferred Stock
       
Basic EPS:        
Less: Preferred dividends (11) (11) (22) (22)
Series B Preferred Stock
       
Basic EPS:        
Less: Preferred dividends 0 0 0 (196)
Series C Preferred Stock
       
Basic EPS:        
Less: Preferred dividends $ (13) $ (13) $ (26) $ (26)
[1] See Notes 1 and 20 for discussion of discontinued operations.
[2] RSUs that are considered participating securities participate in all of the earnings of the Company in the computation of basic EPS, and therefore, such RSUs are not included as incremental shares in the diluted calculation.