Share-Based Compensation Plans (Tables)

9 Months Ended

Sep. 30, 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 September 30				Nine months ended September 30
	2017		2016		2017		2016
Restricted share units (“RSUs”)	$	42	$	40	$	143	$	136
Performance share awards (“PSAs”)	22		24		63		67
Employee share purchase plans	3		2		8		7
Total share-based compensation expense	$	67	$	66	$	214	$	210

Restricted share unit activity

The following table summarizes the status of the Company’s RSUs (shares in thousands):

	2017				2016
	Shares		Fair Value (1)		Shares		Fair Value (1)
Non-vested at December 31	6,195		$	89	7,167		$	77
Granted	1,549		122		2,110		101
Vested	(2,294	)	82		(2,729	)	70
Forfeited	(590	)	92		(333	)	81
Non-vested at September 30	4,860		$	102	6,215		$	88

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

Performance-based plans

Information as of September 30, 2017 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, 2017 and the years ended December 31, 2016 and 2015, respectively, is as follows (shares in thousands and dollars in millions, except fair value):

	September 30, 2017		December 31, 2016		December 31, 2015
Target PSAs granted during period	548		752		967
Weighted average fair value per share at date of grant	$	114	$	100	$	96
Number of shares that would be issued based on current performance levels	544		663		1,362
Unamortized expense, based on current performance levels	$	51	$	27	$	11