Acquisitions (Tables)

12 Months Ended

Dec. 31, 2021

Eaton Vance Purchase Price Allocation


$ in millions	At March 1, 2021
Assets
Cash and cash equivalents	$	691
Trading assets at fair value:
Loans and lending commitments	445
Investments	299
Corporate and other debt	52
Customer and other receivables	331
Goodwill	5,270
Intangible assets	3,956
Other assets	836
Total assets	$	11,880
Liabilities
Other secured financings	$	399
Other liabilities and accrued expenses	2,147
Borrowings	678
Total liabilities	$	3,224

E*TRADE Purchase Price Allocation


$ in millions	At October 2, 2020
Assets
Cash and cash equivalents	$	3,807
Trading assets at fair value:
Loans and lending commitments	1,124
Investments	44
Investment securities	48,855
Securities borrowed	975
Customer and other receivables	12,267
Loans:
Held for investment	462
Goodwill	4,270
Intangible assets1	3,282
Other assets	1,351
Total assets	$	76,437
Liabilities
Deposits	$	44,890
Securities loaned	766
Customer and other payables	15,488
Other liabilities and accrued expenses	1,688
Borrowings	1,665
Total liabilities	$	64,497

1.Acquired intangible assets are primarily composed of $2.8 billion related to customer relationships with a weighted-average life of 17 years.

Acquired Intangible Assets


$ in millions	Weighted Average Life (Years)	At March 1, 2021
Non-amortizable
Management contracts	Indefinite	$	2,120
Amortizable
Customer relationships	16	1,455
Tradenames	23	221
Management contracts	16	160
Total acquired intangible assets		$	3,956

Morgan Stanley and Eaton Vance Proforma Combined Financial Information (Unaudited)

Morgan Stanley and E*TRADE Proforma Combined Financial Information (Unaudited)