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Share-Based Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [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,
 
2020
 
2019
Restricted share units (“RSUs”)
$
58

 
$
63

Performance share awards (“PSAs”)
14

 
23

Employee share purchase plans
4

 
3

Total share-based compensation expense 
$
76


$
89


Restricted share unit activity
The following table summarizes the status of the Company’s RSUs (shares in thousands, except fair value):
 
Three Months Ended March 31,
 
2020
 
2019
 
Shares
 
Fair Value (1) 
 
Shares
 
Fair Value (1) 
Non-vested at beginning of period
3,634

 
$
143

 
4,208

 
$
120

Granted
432

 
$
179

 
517

 
$
170

Vested
(583
)
 
$
141

 
(677
)
 
$
117

Forfeited
(79
)
 
$
146

 
(41
)
 
$
121

Non-vested at end of period
3,403

 
$
147

 
4,007

 
$
127


(1)
Represents per share weighted average fair value of award at date of grant.
Performance-based plans
The following table summarizes 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, 2020 and the years ended December 31, 2019 and 2018, respectively (shares in thousands and dollars in millions, except fair value):
 
March 31,
2020
 
December 31,
2019
 
December 31,
2018
Target PSAs granted during period
487

 
467

 
564

Weighted average fair value per share at date of grant
$
160

 
$
165

 
$
134

Number of shares that would be issued based on current performance levels
487

 
451

 
818

Unamortized expense, based on current performance levels
$
78

 
$
42

 
$
24