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Share-Based Incentive Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of valuation assumptions
The fair value of stock options was estimated using the Black-Scholes option pricing model. The following is a summary of the assumptions used in this model for the stock options granted during 2015:
Expected volatility
 
28.6
%
Expected term (in years)
 
6.02

Strike price
$
37.60

Risk-free interest rate
 
2.1
%
Expected dividend yield
 
0.11
%
Weighted average estimated fair value
$
11.89
Schedule of compensation cost recognized and related income tax benefit for stock based compensation plans
The following table summarizes share-based compensation expense, which includes expenses related to awards granted under the Omnibus Plans, Director Plan, Phantom Plan and ING Group share-based compensation plans for the periods indicated:
 
Year Ended December 31,
 
2017
 
2016
 
2015
RSUs
$
57

 
$
62

 
$
54

PSU awards
44

 
32

 
37

Stock options
16

 
14

 
1

Other (1)
1

 
2

 
15

Total
118

 
110

 
107

Income tax benefit
39

 
38

 
37

Share-based compensation
$
79

 
$
72

 
$
70

(1) Includes compensation cost for legacy plans, under which no new awards are being issued.
Schedule of summary of the fair value of awards vested
The following tables summarize the number of awards under the Omnibus Plans for the periods indicated:
 
RSU Awards
 
PSU Awards
(awards in millions) 
Number of Awards
 
Weighted Average Grant Date Fair Value
 
Number of Awards(1)
 
Weighted Average Grant Date Fair Value
Outstanding at January 1, 2017
3.3

 
$
35.02

 
1.5

 
$
28.88

Adjusted for PSU performance factor
N/A

 
N/A

 
—

*
31.45

Granted
1.4

 
42.30

 
1.2

 
42.32

Vested
(1.6
)
 
34.86

 
(0.4
)
 
31.34

Forfeited
(0.1
)
 
36.86

 
(0.1
)
 
34.00

Outstanding at December 31, 2017
3.0

 
$
38.42

 
2.2

 
$
35.53

 
 
 
 
 
 
 
 
Awards expected to vest as of December 31, 2017
3.0

 
$
38.42

 
2.2

 
$
35.53

* Less than 0.1.
(1)Based upon performance through December 31, 2017, recipients of performance awards would be entitled to between 125.0% and 131.0% of shares at the vesting date depending on the year of grant. The performance awards are included in the preceding table as if the participants earn shares equal to 100% of the units granted.
 
Stock Options
(awards in millions) 
Number of Awards
 
Weighted Average Exercise Price
Outstanding as of January 1, 2017
3.3

 
$
37.60

Granted
—

 
—

Exercised
—

 
—

Forfeited
(0.3
)
 
37.60

Outstanding as of December 31, 2017
3.0

 
$
37.60

Vested, not exercisable, as of December 31, 2017
3.0

 
$
37.60

Vested, exercisable, as of December 31, 2017
—

 
—


 
RSUs
 
PSU Awards
 
Stock Options
Unrecognized compensation cost
$
34

 
$
35

 
$
5

Expected remaining weighted-average period of expense recognition (in years)
1.5

 
1.8

 
0.5