Employee Stock-Based Incentives (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Restricted Stock Unit (RSU) activity

The following table summarizes JPMorgan Chase’s RSUs, employee stock options and SARs activity for 2015.

	RSUs				Options/SARs
Year ended December 31, 2015	Number of shares		Weighted-average grant date fair value		Number of awards		Weighted-average exercise price		Weighted-average remaining contractual life (in years)	Aggregate intrinsic value
(in thousands, except weighted-average data, and where otherwise stated)
Outstanding, January 1	100,568		$	47.81	59,195		$	45.00
Granted	36,096		56.31		107		64.41
Exercised or vested	(47,709	)	41.64		(14,313	)	40.44
Forfeited	(3,648	)	54.17		(943	)	43.04
Canceled	NA		NA		(580	)	278.93
Outstanding, December 31	85,307		$	54.60	43,466		$	43.51	4.6	$	1,109,411
Exercisable, December 31	NA		NA		31,853		43.85		4.0	832,929

Noncash compensation expense related to employee stock-based incentive plans

The Firm recognized the following noncash compensation expense related to its various employee stock-based incentive plans in its Consolidated statements of income.

Year ended December 31, (in millions)	2015		2014		2013
Cost of prior grants of RSUs and SARs that are amortized over their applicable vesting periods	$	1,109	$	1,371	$	1,440
Accrual of estimated costs of stock-based awards to be granted in future periods including those to full-career eligible employees	878		819		779
Total noncash compensation expense related to employee stock-based incentive plans	$	1,987	$	2,190	$	2,219

Cash received from the exercise of stock options and income tax benefit realized

The following table sets forth the cash received from the exercise of stock options under all stock-based incentive arrangements, and the actual income tax benefit realized related to tax deductions from the exercise of the stock options.

Year ended December 31, (in millions)	2015		2014		2013
Cash received for options exercised	$	20	$	63	$	166
Tax benefit realized(a)	64		104		42

(a) The tax benefit realized from dividends or dividend equivalents paid on equity-classified share-based payment awards that are charged to retained earnings are recorded as an increase to additional paid-in capital and included in the pool of excess tax benefits available to absorb tax deficiencies on share-based payment awards.

Assumptions used to value employee stock options and Stock Appreciation Rights (SARs)

There were no material grants of stock options or SARs for the years ended December 31, 2015 and 2014.

Year ended December 31,	2013
Weighted-average annualized valuation assumptions
Risk-free interest rate	1.18	%
Expected dividend yield	2.66
Expected common stock price volatility	28
Expected life (in years)	6.6