Morgan Stanley 2010 Annual Report Download - page 149

MORGAN STANLEY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The following table summarizes the final allocation of the purchase price to the net assets of Citi Managed
Futures as of July 31, 2009 (dollars in millions).
Total fair value of consideration transferred ......................................... $300
Total fair value of noncontrolling interest .......................................... 289
Total fair value of Citi Managed Futures ........................................... 589
Total fair value of net assets acquired .............................................. 453
Acquisition-related goodwill(1) .................................................. $136
(1) Goodwill is recorded within the Global Wealth Management Group business segment. Approximately $4 million of goodwill is
deductible for tax purposes.
Condensed statement of assets acquired and liabilities assumed. The following table summarizes the final fair
values of the assets acquired and liabilities assumed as of the acquisition date.
At July 31, 2009
(dollars in millions)
Assets
Financial instruments owned ........................................... $ 83
Receivables ......................................................... 86
Intangible assets(1) ................................................... 275
Other assets ......................................................... 11
Total assets acquired .............................................. $455
Liabilities
Other liabilities and accrued expenses .................................... $ 2
Total liabilities assumed ........................................... $ 2
Net assets acquired ............................................... $453
(1) At July 31, 2009, amortizable intangible assets in the amount of $275 million primarily related to management contracts with an
estimated useful life of five to nine years.
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