Share-Based Compensation Plans (Tables)

3 Months Ended

Mar. 31, 2019

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
	2019		2018
Restricted share units (“RSUs”)	$	63	$	58
Performance share awards (“PSAs”)	23		16
Employee share purchase plans	3		3
Total share-based compensation expense	$	89	$	77

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):

	2019				2018
	Shares		Fair Value (1)		Shares		Fair Value (1)
Non-vested at beginning of period	4,208		$	120	4,849		$	104
Granted	517		$	170	505		$	144
Vested	(677	)	$	117	(806	)	$	101
Forfeited	(41	)	$	121	(63	)	$	105
Non-vested at end of period	4,007		$	127	4,485		$	109

(1)

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

Performance-based plans

during the three months ended March 31, 2019 and the years ended December 31, 2018 and 2017, respectively (shares in thousands and dollars in millions, except fair value):

	March 31, 2019		December 31, 2018		December 31, 2017
Target PSAs granted during period	467		564		548
Weighted average fair value per share at date of grant	$	165	$	134	$	114
Number of shares that would be issued based on current performance levels	467		838		1,067
Unamortized expense, based on current performance levels	$	77	$	70	$	32