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Share-Based Compensation Plans (Tables)
 6 Months Ended
Jun. 30, 2014
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,
 
2014
 
2013
 
2014
 
2013
Restricted share units ("RSUs")
$
43

 
$
40

 
$
103

 
$
95

Performance share awards ("PSAs")
28

 
27

 
67

 
38

Share options
—

 
—

 
—

 
1

Employee share purchase plans
2

 
1

 
5

 
3

Total share-based compensation expense
$
73

 
$
68

 
$
175

 
$
137
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,
 
2014
 
2013
 
Shares
 
Fair Value (1)
 
Shares
 
Fair Value (1)
Non-vested at beginning of period
9,759

 
$
51

 
10,432

 
$
44

Granted
2,498

 
84

 
3,505

 
62

Vested
(3,320
)
 
49

 
(3,345
)
 
44

Forfeited
(221
)
 
54

 
(229
)
 
45

Non-vested at end of period
8,716

 
61

 
10,363

 
50

 ______________________________________________
(1)
Represents per share weighted average fair value of award at date of grant.
Performance-based plans
Information as of June 30, 2014 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, 2014 and the years ended December 31, 2013 and 2012, respectively, is as follows (shares in thousands, dollars in millions, except fair value):
 
As of June 30, 2014
 
As of December 31, 2013
 
As of December 31, 2012
Target PSAs granted
816

 
1,135

 
1,369

Fair value (1)
$
81

 
$
58

 
$
47

Number of shares that would be issued based on current performance levels
812

 
2,230

 
2,657

Unamortized expense, based on current performance levels
$
59

 
$
70

 
$
22

 ______________________________________________
(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,
 
2014
 
2013
 
Shares
 
Weighted- Average
Exercise Price
 
Shares
 
Weighted- Average
Exercise Price
Beginning outstanding
3,462

 
$
32

 
5,611

 
$
32

Granted
—

 
—

 
—

 
—

Exercised
(839
)
 
32

 
(1,318
)
 
31

Forfeited and expired
(3
)
 
37

 
(2
)
 
33

Outstanding at end of period
2,620

 
32

 
4,291

 
33

Exercisable at end of period
2,572

 
32

 
4,063

 
32
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,
 
2014
 
2013
 
2014
 
2013
Aggregate intrinsic value of stock options exercised
$
24

 
$
22

 
$
45

 
$
39

Cash received from the exercise of stock options
13

 
21

 
27

 
41

Tax benefit realized from the exercise of stock options
6

 
4

 
12

 
7