Share-Based Compensation Plans (Tables)

6 Months Ended

Jun. 30, 2013

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

Share-based compensation expense recognized in continuing operations

The following table summarizes share-based compensation expense recognized in the Condensed Consolidated Statements of Income in Compensation and benefits (in millions):

	Three months ended June 30,				Six months ended June 30,
	2013		2012		2013		2012
Restricted stock units (“RSUs”)	$	40	$	34	$	95	$	83
Performance share awards (“PSAs”)	27		13		38		15
Stock options	—		1		1		3
Employee stock purchase plans	1		2		3		4
Total stock-based compensation expense	$	68	$	50	$	137	$	105

Restricted share unit activity

A summary of the status of the Company’s RSUs is as follows (shares in thousands):

	Six months ended June 30,
	2013				2012
	Shares		Fair Value (1)		Shares		Fair Value (1)
Non-vested at beginning of period	10,432		$	44	9,916		$	42
Granted	3,505		62		4,706		45
Vested	(3,345	)	44		(2,986	)	42
Forfeited	(229	)	45		(356	)	44
Non-vested at end of period	10,363		50		11,280		44

 ______________________________________________

(1) Represents per share weighted average fair value of award at date of grant

Performance-based plans

Information as of June 30, 2013 regarding the Company’s target PSAs granted and shares that would be issued at current performance levels for PSAs granted during the six months ended June 30, 2013 and the years ended December 31, 2012 and 2011, respectively, is as follows (shares in thousands, dollars in millions, except fair value):

	As of June 30, 2013		As of December 31, 2012		As of December 31, 2011
Target PSAs granted	1,135		1,369		1,715
Fair value (1)	$	58	$	47	$	50
Number of shares that would be issued based on current performance levels	1,135		1,958		1,339
Unamortized expense, based on current performance levels	$	59	$	49	$	11

 ______________________________________________

(1) Represents per share weighted average fair value of award at date of grant.

Share options and related information

A summary of the status of the Company’s share options and related information is as follows (shares in thousands):

	Six months ended June 30,
	2013				2012
	Shares		Weighted- Average Exercise Price		Shares		Weighted- Average Exercise Price
Beginning outstanding	5,611		$	32	9,116		$	32
Granted	—		—		—		—
Exercised	(1,318	)	31		(1,584	)	33
Forfeited and expired	(2	)	33		(51	)	37
Outstanding at end of period	4,291		33		7,481		32
Exercisable at end of period	4,063		32		6,931		31

Other information related to the company's share options

Other information related to the Company’s share options is as follows (in millions):

	Three months ended June 30,				Six months ended June 30,
	2013		2012		2013		2012
Aggregate intrinsic value of stock options exercised	$	22	$	11	$	39	$	24
Cash received from the exercise of stock options	21		14		41		51
Tax benefit realized from the exercise of stock options	4		1		7		2