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Share-Based Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2015
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,
 
2015
 
2014
Restricted share units ("RSUs")
$
65

 
$
60

Performance share awards ("PSAs")
21

 
39

Share options

 

Employee share purchase plans
4

 
3

Total share-based compensation expense
$
90

 
$
102

Restricted share unit activity
A summary of the status of the Company's RSUs is as follows (shares in thousands):
 
Three months ended March 31,
 
2015
 
2014
 
Shares
 
Fair Value (1)
 
Shares
 
Fair Value (1)
Non-vested at beginning of period
8,381

 
$
63

 
9,759

 
$
51

Granted
957

 
97

 
1,146

 
83

Vested
(1,714
)
 
59

 
(1,950
)
 
51

Forfeited
(49
)
 
64

 
(125
)
 
50

Non-vested at end of period
7,575

 
69

 
8,830

 
56

 ______________________________________________
(1)
Represents per share weighted average fair value of award at date of grant.
Performance-based plans
Information as of March 31, 2015 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, 2015 and the years ended December 31, 2014 and 2013, respectively, is as follows (shares in thousands, dollars in millions, except fair value):
 
2015
 
2014
 
2013
Target PSAs granted during period
978

 
816

 
1,135

Weighted average fair value per share at date of grant
$
96

 
$
81

 
$
58

Number of shares that would be issued based on current performance levels
978

 
1,201

 
2,197

Unamortized expense, based on current performance levels
$
93

 
$
61

 
$
34


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):
 
Three months ended March 31,
 
2015
 
2014
 
Shares
 
Weighted- Average
Exercise Price
 
Shares
 
Weighted- Average
Exercise Price
Beginning outstanding
2,300

 
$
32

 
3,462

 
$
32

Granted

 

 

 

Exercised
(1,293
)
 
26

 
(416
)
 
33

Forfeited and expired
(9
)
 
36

 
(2
)
 
36

Outstanding at end of period
998

 
39

 
3,044

 
32

Exercisable at end of period
998

 
39

 
2,928

 
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 March 31,
 
2015
 
2014
Aggregate intrinsic value of stock options exercised
$
94

 
$
21

Cash received from the exercise of stock options
34

 
14

Tax benefit realized from the exercise of stock options
34

 
6