Quarterly report pursuant to Section 13 or 15(d)

Merger and Restructuring Activity (Tables)

 v2.3.0.11
Merger and Restructuring Activity (Tables)
 6 Months Ended
Jun. 30, 2011
Merger and Restructuring Activity [Abstract]  
Merger and Restructuring Charges
                                 
    Three Months Ended   Six Months Ended
    June 30   June 30
(Dollars in millions)
  2011     2010     2011     2010  
 
Severance and employee-related charges
  $ 65     $ 123     $ 133     $ 274  
Systems integrations and related charges
    79       329       185       639  
Other
    15       56       43       116  
 
Total merger and restructuring charges
  $ 159     $ 508     $ 361     $ 1,029  
 
Merger-related Restructuring Reserves
                 
    Restructuring Reserves
(Dollars in millions)
  2011     2010  
 
Balance, January 1
  $ 336     $ 403  
Exit costs and restructuring charges:
               
Merrill Lynch
    65       106  
Other
    -       30  
Cash payments and other
    (237 )     (294 )
 
Balance, March 31
  $ 164     $ 245  
Exit costs and restructuring charges:
               
Merrill Lynch
    62       93  
Other
    -       23  
Cash payments and other
    (57 )     (101 )
 
Balance, June 30
  $ 169     $ 260