MORGAN STANLEY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Con a ‘The following table summarizes the preliminary allocation of the purchase price to the net assets of Smit ‘Bamey as of May 31, 2009 (dollars in millions). ‘Total fair value of consideration transferred ~ $6087 ‘Total fair value of non-controlling interest ......2. 22.25 cee 3973 ‘Total fair valuo of Smith Barney(1) seseees 10,060 ‘Total fair value of net assets acquired teres 4,850 Preliminary acquisition-related goodwill(2) peseeeteeees S520 (0) Toa ie eo Snith Baroy i inctsive of cata rena. {@) Goody i roconde wihin the Global Wealth Management Crop business segment. The Company is cently evaluating the sown ‘of goodwill dete for tx perpores. Condensed statement of assets acquired and liabiliies assumed. ‘The following table summarizes: the preliminary fair values of the assets acquired and liabilities assumed as of the acquisition date. The allocation of tho purchase price is preliminary and subject to further adjustment as the valuation of certain intangible asses is Atay 31,200 Gotees iv is Assets Cash and due from banks». 2 +++ eee $ 895 nancial instruments owned.» aeoe pereserestiee 2 Receivables nae 1.891 Invangible asses 4480 Other assets. ng Tot 38007 Liabittes Financial sold, ot yet pu : 316 Long-term bortowings Se 2,320 (Other Tails and acorued expenses "et ‘Tota liabilities assumed « cae S357 850 Net assets acquired .. In addition, the Company recorded a receivable of approximately $1.1 billion relating to the fair value of the Smith Barney delayed contribution businesses as of May 31, 2009 from Citi, Such amount is presented in the ‘consolidated statements of financial condition as a reduetion from Non-controlling interests. Amortizable intangible assets included the following as of May 31, 2009: ted wc AtNay 31,2009 Fst = dnyeans) ‘Customer relationships 16 Research 5 Intangible leave asset 110 Maokisctesiuser sane Bae ‘The Company also recorded an indefinite-lived intangible asset of approximately $280 million related to the Smith Bamey trade name. 132 Morgan Stanley