Share-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2016

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 Consolidated Statements of Income in Compensation and benefits (in millions):

Years ended December 31	2016		2015		2014
Restricted share units (“RSUs”)	$	194	$	201	$	187
Performance share awards ("PSAs")	125		127		132
Employee share purchase plans	12		11		9
Total share-based compensation expense	331		339		328
Tax benefit	94		95		94
Share-based compensation expense, net of tax	$	237	$	244	$	234

Restricted share unit activity

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

Years ended December 31	2016				2015				2014
	Shares		Fair Value (1)		Shares		Fair Value (1)		Shares		Fair Value (1)
Non-vested at beginning of year	7,167		$	77	8,381		$	63	9,759		$	51
Granted	2,252		101		2,459		97		2,844		84
Vested	(2,845	)	70		(3,385	)	58		(3,732	)	49
Forfeited	(379	)	82		(288	)	71		(490	)	58
Non-vested at end of year	6,195		89		7,167		77		8,381		63

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

Performance-based plans

Information regarding the Company’s target PSAs granted and shares that would be issued at current performance levels for PSAs granted during the years ended December 31, 2016, 2015, and 2014, respectively, is as follows (shares in thousands, dollars in millions, except fair value):

	2016		2015		2014
Target PSAs granted per share	783		993		816
Weighted average fair value per share at date of grant	$	100	$	96	$	81
Number of shares that would be issued based on current performance levels	777		1,437		1,540
Unamortized expense, based on current performance levels	$	57	$	48	$	—