Morgan Stanley 2010 Annual Report Download - page 251

MORGAN STANLEY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
25. Discontinued Operations.
See Note 1 for a discussion of the Company’s discontinued operations.
The table below provides information regarding amounts included in discontinued operations:
2010 2009
Fiscal
2008
One Month
Ended
December 31,
2008
(dollars in millions)
Net revenues(1):
Revel ................................................ $ — $ (6) $ (3) $—
Crescent ............................................. — 161 34 78
Retail Asset Management ................................ 1,221 628 707 50
MSCI ............................................... — 651 1,884 34
CMB ................................................ 60 (71) (28) (30)
Other ................................................ 3 5 1 —
$ 1,284 $1,368 $2,595 $132
Pre-tax gain (loss) on discontinued operations(1):
Revel(2) ............................................. $(1,208) $ (15) $ (52) $—
Crescent(3) ........................................... 2 (613) (515) (12)
Retail Asset Management(4) ............................. 994 268 159 17
MSCI(5) ............................................. — 537 1,579 13
DFS(6) .............................................. 775 — (100) —
CMB ................................................ 40 (87) (65) (32)
Other ................................................ 3 (57) (2) —
$ 606 $ 33 $1,004 $ (14)
(1) Amounts included eliminations of intersegment activity.
(2) Amount included a loss of approximately $1.2 billion in 2010 in connection with the planned disposition of Revel.
(3) Amount included a gain on disposition of approximately $126 million in 2009.
(4) Amount included a pre-tax gain of approximately $853 million in 2010 in connection with the sale of Retail Asset Management.
(5) Amounts included a pre-tax gain on MSCI secondary offerings of $499 million and $1,463 million in 2009 and fiscal 2008, respectively.
(6) Amount relates to the legal settlement with DFS in 2010.
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