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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2021
Retirement Benefits [Abstract]  
Schedule of Components of Net Periodic Benefit Expense (Income)
Components of Net Periodic Benefit Expense (Income)
 Pension Plans
$ in millions202120202019
Service cost, benefits earned during the period
$19 $17 $16 
Interest cost on projected benefit obligation104 121 139 
Expected return on plan assets(48)(77)(114)
Net amortization of prior service cost1 
Net amortization of actuarial loss34 26 13 
Net periodic benefit expense$110 $88 $55 
Schedule of Rollforward of Pre-tax AOCI
Rollforward of Pre-tax AOCI
 Pension Plans
$ in millions202120202019
Beginning balance$(691)$(877)$(779)
Net gain (loss)(112)161 (112)
Prior service cost (2)— 
Amortization of prior service cost1 
Amortization of net loss 34 26 13 
Changes recognized in OCI(77)186 (98)
Ending balance$(768)$(691)$(877)
Schedule of Weighted Average Assumptions Used to Determine Net Periodic Benefit Expense (Income) Weighted Average Assumptions Used to Determine Net Periodic Benefit Expense (Income)
 Pension Plans
202120202019
Discount rate2.43 %3.08 %4.01 %
Expected long-term rate of return on plan assets
1.42 %2.35 %3.52 %
Rate of future compensation increases 3.25 %3.28 %3.34 %
Schedule of Rollforward of the Benefit Obligation and Fair Value of Plan Assets
Rollforward of the Benefit Obligation and Fair Value of Plan Assets
 Pension Plans
$ in millions20212020
Rollforward of projected benefit obligation
Benefit obligation at beginning of year
$4,334 $4,026 
Service cost19 17 
Interest cost104 121 
Actuarial (gain) loss1
(122)362 
Plan amendments(1)
Plan settlements(16)(2)
Benefits paid(217)(222)
Other2
(20)30 
Benefit obligation at end of year
$4,081 $4,334 
Rollforward of fair value of plan assets
Fair value of plan assets at beginning of year
$3,985 $3,553 
Actual return on plan assets(186)600 
Employer contributions38 35 
Benefits paid(217)(222)
Plan settlements(15)(2)
Other2
 21 
Fair value of plan assets at end of year
$3,605 $3,985 
Funded (unfunded) status$(476)$(349)
Amounts recognized in the balance sheet
Assets
$117 $283 
Liabilities(593)(632)
Net amount recognized$(476)$(349)
1.Primarily reflects the impact of year-over-year discount rate fluctuations and changes in mortality assumptions.
2.Includes the impact of foreign currency exchange rate changes and transfers into plan assets.
Schedule of Accumulated Benefit Obligation
Accumulated Benefit Obligation
$ in millionsAt
December 31,
2021
At
December 31,
2020
Pension plans$4,065 $4,318 
Schedule of Pension Plans with Benefit Obligations in Excess of the Fair Value of Plan Assets
Pension Plans with Projected Benefit Obligations in Excess of the Fair Value of Plan Assets
$ in millionsAt
December 31,
2021
At
December 31,
2020
Projected benefit obligation$3,768 $708 
Accumulated benefit obligation3,753 692 
Fair value of plan assets3,175 76 
Schedule of Weighted Average Assumptions Used to Determine Benefit Obligation
Weighted Average Assumptions Used to Determine Projected Benefit Obligation
 Pension Plans
At
December 31,
2021
At
December 31,
2020
Discount rate2.80 %2.43 %
Rate of future compensation increase
3.36 %3.25 %
Schedule of Fair Value of Plan Assets
Fair Value of Plan Assets
At December 31, 2021
$ in millionsLevel 1Level 2Level 3Total
Assets
Cash and cash equivalents1
$9 $ $ $9 
U.S. government and agency securities2,759 314  3,073 
Corporate and other debt—CDO 1  1 
Derivative contracts 3  3 
Other investments  65 65 
Other receivables1
 2  2 
Total$2,768 $320 $65 $3,153 
Assets Measured at NAV
Commingled trust funds:
Money market33 
Foreign funds:
Fixed income162 
Liquidity39 
Targeted cash flow235 
Total$469 
Liabilities
Other payables1
 (17) (17)
Total liabilities$ $(17)$ $(17)
Fair value of plan assets$3,605 
At December 31, 2020
$ in millionsLevel 1Level 2Level 3Total
Assets
Cash and cash equivalents1
$$— $— $
U.S. government and agency securities3,038 321 — 3,359 
Corporate and other debt—CDO— — 
Derivative contracts— — 
Other investments— — 61 61 
Other receivables1
— 53 — 53 
Total$3,042 $380 $61 $3,483 
Assets Measured at NAV
Commingled trust funds:
Money market48 
Foreign funds:
Fixed income169 
Liquidity54 
Targeted cash flow250 
Total$521 
Liabilities
Other payables1
— (19)— (19)
Total liabilities$— $(19)$— $(19)
Fair value of plan assets$3,985 
1.Cash and cash equivalents, other receivables and other payables are valued at their carrying value, which approximates fair value.
Schedule of Rollforward of Level 3 Plan Assets
Rollforward of Level 3 Plan Assets
$ in millions20212020
Balance at beginning of period$61 $53 
Realized and unrealized gains1 
Purchases, sales and settlements, net3 
Balance at end of period$65 $61 
Schedule of Expected Future Benefit Payments
Expected Future Benefit Payments
 At December 31, 2021
$ in millionsPension Plans
2022$148 
2023153 
2024156 
2025163 
2026170 
2027-2031938 
Schedule of Morgan Stanley 401(k) Plan and Non-U.S. Defined Contribution Pension Plans
401(k) Plans
$ in millions202120202019
Expense$357 $293 $280 
Non-U.S. Defined Contribution Pension Plans
$ in millions202120202019
Expense$149 $130 $121