| As of December | ||||||||
| in millions | 2013 | 2012 | ||||||
|
Deferred tax assets |
||||||||
|
Compensation and benefits |
$2,740 | $2,447 | ||||||
|
Unrealized losses |
309 | 1,477 | ||||||
|
ASC 740 asset related to unrecognized tax benefits |
475 | 685 | ||||||
|
Non-U.S. operations |
1,318 | 965 | ||||||
|
Net operating losses |
232 | 222 | ||||||
|
Occupancy-related |
108 | 119 | ||||||
|
Other comprehensive income-related |
69 | 114 | ||||||
|
Other, net |
729 | 435 | ||||||
| 5,980 | 6,464 | |||||||
|
Valuation allowance |
(183 | ) | (168 | ) | ||||
|
Total deferred tax assets |
$5,797 | $6,296 | ||||||
|
Depreciation and amortization |
1,269 | 1,230 | ||||||
|
Other comprehensive income-related |
68 | 85 | ||||||
|
Total deferred tax liabilities |
$1,337 | $1,315 | ||||||