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Deferred Compensation Plans and Carried Interest Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Compensation Related Costs [Abstract]  
Schedule of Stock-Based Compensation Expense These plans include RSUs and PSUs, the details of which are further outlined below.
Stock-Based Compensation Expense
$ in millions202120202019
RSUs$1,834 $1,170 $1,064 
PSUs251 142 89 
Total$2,085 $1,312 $1,153 
Retirement-eligible awards1
$192 $157 $111 
1.Total expense includes stock-based compensation anticipated to be awarded in January of the following year that does not contain a future service requirement.
Schedule of Tax Benefit Related to Stock-Based Compensation Expense
Tax Benefit Related to Stock-Based Compensation Expense
$ in millions202120202019
Tax benefit1
$432 $270 $243 
1.Excludes income tax consequences related to employee share-based award conversions.
Schedule of Unrecognized Compensation Cost Related to Stock-Based Awards Granted
Unrecognized Compensation Cost Related to Stock-Based Awards Granted
$ in millions
At
December 31,
20211
To be recognized in:
2022$653 
2023287 
Thereafter60 
Total$1,000 
1.Amounts do not include forfeitures, future adjustments to fair value for certain awards or 2021 performance year compensation awarded in January 2022, which will begin to be amortized in 2022.
Schedule of Common Shares Available for Future Awards under Stock-Based Compensation Plans
Common Shares Available for Future Awards under Stock-Based Compensation Plans
in millionsAt
December 31,
2021
Shares149 
Schedule of Vested and Unvested RSU Activity
Vested and Unvested RSU Activity
 2021
shares in millionsNumber of
Shares
Weighted
Average
Award Date
Fair Value
RSUs at beginning of period60 $49.82 
Awarded29 77.28 
Conversions to common stock(20)53.32 
Forfeited(2)60.14 
RSUs at end of period1
67 $60.27 
Aggregate intrinsic value of RSUs at end of period
(dollars in millions)
$6,547 
Weighted average award date fair value
RSUs awarded in 202055.01 
RSUs awarded in 201943.05 
1.At December 31, 2021, the weighted average remaining term until delivery for the outstanding RSUs was approximately 1.2 years.
Schedule of Unvested RSU Activity
Unvested RSU Activity
 2021
shares in millionsNumber of
Shares
Weighted
Average
Award Date
Fair Value
Unvested RSUs at beginning of period33 $51.27 
Awarded29 77.28 
Vested(21)59.33 
Forfeited(2)60.14 
Unvested RSUs at end of period1
39 $65.58 
1.Unvested RSUs represent awards where recipients have yet to satisfy either the explicit vesting terms or retirement-eligible requirements.
Schedule of Fair Value of RSU Activity
Fair Value of RSU Activity1
$ in millions202120202019
Conversions to common stock$1,539 $1,295 $1,497 
Vested1,647 1,289 1,292 
Schedule of PSU Fair Value on Award Date
PSU Fair Value on Award Date
202120202019
MS Adjusted ROTCE/ROE$74.87 $57.05 $43.29 
Relative MS TSR83.70 65.31 48.28 
Schedule of Monte Carlo Simulation Assumptions
Monte Carlo Simulation Assumptions
Risk-Free
Interest Rate
Expected
Stock Price
Volatility
Correlation
Coefficient
Award year
20210.2 %39.0 %0.92 
20201.6 %24.0 %0.88 
20192.6 %26.5 %0.89 
Schedule of Deferred Cash-Based Compensation Plans
Deferred Cash-Based Compensation Expense
$ in millions202120202019
Deferred cash-based awards$810 $1,263 $1,233 
Return on referenced investments526 856 645 
Total$1,336 $2,119 $1,878 
Retirement-eligible awards1
$253 $194 $195 
1.Total expense includes deferred cash-based compensation anticipated to be awarded in January of the following year that does not contain a future service requirement.
Schedule of Carried Interest Compensation Expense
Carried Interest Compensation Expense
$ in millions202120202019
Expense$346 $215 $534