Share-Based Compensation Plans (Tables)

12 Months Ended

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

Years ended December 31	2017		2016		2015
Restricted share units (“RSUs”)	$	182	$	176	$	186
Performance share awards ("PSAs")	127		120		123
Employee share purchase plans	10		10		9
Total share-based compensation expense	319		306		318
Tax benefit	73		90		87
Share-based compensation expense, net of tax	$	246	$	216	$	231

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):

Years ended December 31	2017				2016				2015
	Shares		Fair Value (1)		Shares		Fair Value (1)		Shares		Fair Value (1)
Non-vested at beginning of year	6,195		$	89	7,167		$	77	8,381		$	63
Granted	1,700		123		2,252		101		2,459		97
Vested	(2,407	)	82		(2,845	)	70		(3,385	)	58
Forfeited	(639	)	93		(379	)	82		(288	)	71
Non-vested at end of year	4,849		$	104	6,195		$	89	7,167		$	77

(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, 2017, 2016, and 2015, respectively, is as follows (shares in thousands and dollars in millions, except fair value):

	2017		2016		2015
Target PSAs granted during period	548		750		963
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	944		745		1,527
Unamortized expense, based on current performance levels	$	78	$	25	$	—