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Employee Share-Based Incentives (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of RSUs, PSUs, and employee stock options and SARs activity Generally, compensation expense for RSUs and PSUs is measured based on the number of units granted multiplied by the stock price at the grant date, and for employee stock options and SARs, is measured at the grant date using the Black-Scholes valuation model. Compensation expense for these awards is recognized in net income as described previously. The following table summarizes JPMorgan Chase’s RSUs, PSUs, employee stock options and SARs activity for 2018.
 
 
RSUs/PSUs
 
Options/SARs
Year ended December 31, 2018
 
Number of
units
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
 
72,733

$
66.36

 
17,493

 
$
40.76

 
 
 
Granted
 
20,489

110.46

 
46

 
113.63

 
 
 
Exercised or vested
 
(32,277
)
58.97

 
(5,054
)
 
39.65

 
 
 
Forfeited
 
(2,136
)
84.60

 
(1
)
 
112.25

 
 
 
Canceled
 
NA

NA

 
(21
)
 
45.75

 
 
 
Outstanding, December 31
 
58,809

$
85.04

 
12,463

 
$
41.46

 
2.4
$
702,815

Exercisable, December 31
 
NA

NA

 
12,449

 
41.37

 
2.4
702,815
Noncash compensation expense related to employee share-based incentive plans The Firm recognized the following noncash compensation expense related to its various employee share-based incentive plans in its Consolidated statements of income.
Year ended December 31, (in millions)
 
2018

 
2017

 
2016

Cost of prior grants of RSUs, PSUs and SARs that are amortized over their applicable vesting periods
 
$
1,241

 
$
1,125

 
$
1,046

Accrual of estimated costs of share-based awards to be granted in future periods including those to full-career eligible employees
 
1,081

 
945

 
894

Total noncash compensation expense related to employee share-based incentive plans
 
$
2,322

 
$
2,070

 
$
1,940
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 share-based incentive arrangements, and the actual income tax benefit related to tax deductions from the exercise of the stock options.
Year ended December 31, (in millions)
 
2018

 
2017

 
2016

Cash received for options exercised
 
$
14

 
$
18

 
$
26

Tax benefit
 
75

 
190

 
70