Annual report pursuant to Section 13 and 15(d)

Merger and Restructuring Activity (Tables)

v2.4.0.6
Merger and Restructuring Activity (Tables)
 12 Months Ended
Dec. 31, 2012
Merger and Restructuring Activity [Abstract]  
Merger and Restructuring Charges
The table below presents the components of merger and restructuring charges.
 
 
 
 
 
Merger and Restructuring Charges
 
 
 
 
 
(Dollars in millions)
 
2011
 
2010
Severance and employee-related charges
 
$
226

 
$
455

Systems integrations and related charges
 
285

 
1,137

Other
 
127

 
228

Total merger and restructuring charges
 
$
638

 
$
1,820

Merger-related Restructuring Reserves
The table below presents the changes in restructuring reserves for 2012 and 2011. Restructuring reserves are established by a charge to merger and restructuring charges, and the restructuring charges are included in the table. Substantially all of the amounts in the table relate to the Merrill Lynch acquisition.
 
 
 
 
Restructuring Reserves
 
 
(Dollars in millions)
2012
 
2011
Balance, January 1
$
234

 
$
336

Exit costs and restructuring charges
—

 
217

Cash payments and other
(234
)
 
(319
)
Balance, December 31
$
—

 
$
234