Share-Based Compensation Plans (Tables)

3 Months Ended

Mar. 31, 2017

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 March 31
	2017		2016
Restricted share units (“RSUs”)	$	55	$	57
Performance share awards (“PSAs”)	19		19
Employee share purchase plans	4		3
Total share-based compensation expense	$	78	$	79

Restricted share unit activity

The following table summarizes the status of the Company’s RSUs, including shares related to the Divested Business (shares in thousands):

	Three months ended March 31
	2017				2016
	Shares		Fair Value (1)		Shares		Fair Value (1)
Non-vested at beginning of period	6,195		$	89	7,167		$	77
Granted	614		119		851		99
Vested	(960	)	90		(1,379	)	73
Forfeited	(50	)	91		(94	)	78
Non-vested at end of period	5,799		$	92	6,545		$	81

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

Performance-based plans

Information as of March 31, 2017 regarding the Company’s target PSAs granted and shares that would be issued at current performance levels for PSAs granted during the three months ended March 31, 2017 and the years ended December 31, 2016 and 2015, respectively, is as follows (shares in thousands and dollars in millions, except fair value):

	March 31, 2017		December 31, 2016		December 31, 2015
Target PSAs granted during period	538		750		963
Weighted average fair value per share at date of grant	$	115	$	100	$	96
Number of shares that would be issued based on current performance levels	538		667		1,361
Unamortized expense, based on current performance levels	$	62	$	39	$	32