Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Results of discontinued operations were as follows for the three months ended March 31, 2014 (in millions):



Total revenues, less transaction-based expenses	$	162
Compensation and benefits	55
Technology and communication	15
Professional services	8
Rent and occupancy	7
Acquisition-related transaction and integration costs	41
Selling, general, administrative	9
Depreciation and amortization	8
Total operating expenses	143
Operating income	19
Other expense, net	1
Income tax expense	5
Income from discontinued operations, net of tax	$	13

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References+ Details