Morgan Stanley 2015 Annual Report Download - page 194

MORGAN STANLEY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Impaired and Past Due Loans Held for Investment.
At December 31, 2015 At December 31, 2014
Loans by Product Type Corporate
Residential
Real Estate Total Corporate
Residential
Real Estate Total
(dollars in millions)
Impaired loans with allowance .................. $ 39 $ — $ 39 $ — $ — $ —
Impaired loans without allowance(1) ............. 89 17 106 2 17 19
Impaired loans unpaid principal balance ........... 130 19 149 2 17 19
Past due 90 days loans and on nonaccrual ......... 1 21 22 2 25 27
(1) At December 31, 2015 and December 31, 2014, no allowance was outstanding for these loans as the present value of the expected future cash flows (or,
alternatively, the observable market price of the loan or the fair value of the collateral held) equaled or exceeded the carrying value.
At December 31, 2015 At December 31, 2014
Loans by Region Americas EMEA
Asia-
Pacific Total Americas EMEA
Asia-
Pacific Total
(dollars in millions)
Impaired loans .................. $ 108 $ 12 $ 25 $ 145 $ 19 $ — $ — $ 19
Past due 90 days loans and on
nonaccrual ................... 22——2227——27
Allowance for loan losses ......... 183 34 8 225 121 20 8 149
EMEA—Europe, Middle East and Africa.
Troubled Debt Restructurings.
At December 31, 2015, the impaired loans and lending commitments within held for investment include TDRs of $44.0
million and $34.8 million, respectively, within corporate loans. The Company recorded an allowance of $5.1 million against
these TDRs. These restructurings typically include modifications of interest rates, collateral requirements, other loan
covenants, and payment extensions. At December 31, 2014, TDRs were not significant.
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