One of the best options to create new SmartArt is by converting your existing bulleted text to a SmartArt graphic. Many times though, you might want to do the reverse — that is converting SmartArt into bulleted text. When Microsoft introduced SmartArt in PowerPoint 2007, this reverse conversion was not possible but in PowerPoint 2010, Microsoft added this ability. Follow these steps to do the conversion of SmartArt to bulleted text — do note though that you will be left with just plain text rather than any shapes or visuals.
Learn how to convert a SmartArt graphics to bulleted text in PowerPoint 2010 for Windows.

