what was total cash retuned to shareholders in 2012?
morgan stanley consolidated statements of changes in total equity 2014 ( continued ) ( dollars in millions ) preferred common paid-in capital retained earnings employee accumulated comprehensive income ( loss ) common held in treasury at cost common issued to employee redeemable controlling interests equity balance at december 31 , 2011 . . . . . . . . . . . . . . . . . . . . . . . . $ 1508 $ 20 $ 22836 $ 40341 $ 3166 $ ( 157 ) $ ( 2499 ) $ ( 3166 ) $ 8029 $ 70078 net income applicable to morgan stanley . . . . . . . . . . . . . . . . . . . . . . 2014 2014 2014 68 2014 2014 2014 2014 2014 68 net income applicable to nonredeemable noncontrolling interests . . . . . . . . . . . . . . . . . . . . . 2014 2014 2014 2014 2014 2014 2014 2014 524 524 .

|  | Preferred Stock | Common Stock | Paid-in Capital | Retained Earnings | Employee Stock Trust | Accumulated Other Comprehensive Income (Loss) | Common Stock Held in Treasury at Cost | Common Stock Issued to Employee Trust | Non- redeemable Non- controlling Interests | Total Equity |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| BALANCE AT DECEMBER 31, 2011 | $1,508 | $20 | $22,836 | $40,341 | $3,166 | $(157) | $(2,499) | $(3,166) | $8,029 | $70,078 |
| Net income applicable to Morgan Stanley | — | — | — | 68 | — | — | — | — | — | 68 |
| Net income applicable to nonredeemable noncontrolling interests | — | — | — | — | — | — | — | — | 524 | 524 |
| Dividends | — | — | — | (497) | — | — | — | — | — | (497) |
| Shares issued under employee plans and related tax effects | — | — | 662 | — | (234) | — | 485 | 234 | — | 1,147 |
| Repurchases of common stock | — | — | — | — | — | — | (227) | — | — | (227) |
| Net change in cash flow hedges | — | — | — | — | — | 6 | — | — | — | 6 |
| Pension, postretirement and other related adjustments | — | — | — | — | — | (265) | — | — | 5 | (260) |
| Foreign currency translation adjustments | — | — | — | — | — | (128) | — | — | (125) | (253) |
| Change in net unrealized gains on securities available for sale | — | — | — | — | — | 28 | — | — | — | 28 |
| Purchase of additional stake in the Wealth Management Joint Venture | — | — | (107) | — | — | — | — | — | (1,718) | (1,825) |
| Reclassification to redeemable noncontrolling interests | — | — | — | — | — | — | — | — | (4,288) | (4,288) |
| Other net increases | — | — | 35 | — | — | — | — | — | 892 | 927 |
| BALANCE AT DECEMBER 31, 2012 | $1,508 | $20 | $23,426 | $39,912 | $2,932 | $(516) | $(2,241) | $(2,932) | $3,319 | $65,428 |

balance at december 31 , 2012 . . . . . . . . . . . . . . . . . . . . . . . . $ 1508 $ 20 $ 23426 $ 39912 $ 2932 $ ( 516 ) $ ( 2241 ) $ ( 2932 ) $ 3319 $ 65428 see notes to consolidated financial statements. .

dividends_paid = 497
common_stock_repurchases = 227
total_cash_returned_to_shareholders = dividends_paid + common_stock_repurchases
answer = total_cash_returned_to_shareholders