Share-Based Compensation Plans (Tables)

3 Months Ended

Mar. 31, 2018

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
	2018		2017
Restricted share units (“RSUs”)	$	58	$	55
Performance share awards (“PSAs”)	16		19
Employee share purchase plans	3		4
Total share-based compensation expense	$	77	$	78

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, except fair value):

	2018				2017
	Shares		Fair Value at Date of Grant		Shares		Fair Value at Date of Grant
Non-vested at beginning of period	4,849		$	104	6,195		$	89
Granted	505		144		614		119
Vested	(806	)	101		(960	)	90
Forfeited	(63	)	105		(50	)	91
Non-vested at end of period	4,485		$	109	5,799		$	92

Performance-based plans

Information as of March 31, 2018 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, 2018 and the years ended December 31, 2017 and 2016, respectively, is as follows (shares in thousands and dollars in millions, except fair value):

	March 31, 2018		December 31, 2017		December 31, 2016
Target PSAs granted during period	561		548		750
Weighted average fair value per share at date of grant	$	135	$	114	$	100
Number of shares that would be issued based on current performance levels	561		942		745
Unamortized expense, based on current performance levels	$	75	$	68	$	19