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Share-Based Compensation Plans (Tables)
 9 Months Ended
Sep. 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
September 30,
 
Nine months ended
September 30,
 
2013
 
2012
 
2013
 
2012
Restricted stock units (“RSUs”)
$
40

 
$
37

 
$
135

 
$
120

Performance share awards (“PSAs”)
28

 
15

 
66

 
30

Stock options
—

 
1

 
1

 
4

Employee stock purchase plans
2

 
2

 
5

 
6

Total stock-based compensation expense
$
70

 
$
55

 
$
207

 
$
160
Restricted share unit activity
A summary of the status of the Company’s RSUs is as follows (shares in thousands):
 
Nine months ended September 30,
 
2013
 
2012
 
Shares
 
Fair Value (1)
 
Shares
 
Fair Value (1)
Non-vested at beginning of period
10,432

 
$
44

 
9,916

 
$
42

Granted
3,598

 
62

 
4,888

 
46

Vested
(3,618
)
 
44

 
(3,343
)
 
42

Forfeited
(308
)
 
47

 
(516
)
 
44

Non-vested at end of period
10,104

 
51

 
10,945

 
44

 ______________________________________________
(1)
Represents per share weighted average fair value of award at date of grant
Performance-based plans
Information as of September 30, 2013 regarding the Company’s target PSAs granted and shares that would be issued at current performance levels for PSAs granted during the nine months ended September 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 September 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

 
2,232

 
1,386

Unamortized expense, based on current performance levels
$
53

 
$
46

 
$
5

 ______________________________________________
(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):
 
Nine months ended September 30,
 
2013
 
2012
 
Shares
 
Weighted- Average
Exercise Price
 
Shares
 
Weighted- Average
Exercise Price
Beginning outstanding
5,611

 
$
32

 
9,116

 
$
32

Granted
—

 


 
—

 
—

Exercised
(1,694
)
 
32

 
(2,570
)
 
31

Forfeited and expired
(29
)
 
34

 
(67
)
 
37

Outstanding at end of period
3,888

 
32

 
6,479

 
32

Exercisable at end of period
3,681

 
32

 
5,969

 
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
September 30,
 
Nine months ended
September 30,
 
2013
 
2012
 
2013
 
2012
Aggregate intrinsic value of stock options exercised
$
14

 
$
23

 
$
53

 
$
47

Cash received from the exercise of stock options
14

 
29

 
55

 
80

Tax benefit realized from the exercise of stock options
3

 
5

 
10

 
8