Share-Based Compensation Plans (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Restricted share units (“RSUs”)	$	44	$	50	$	102	$	113
Performance share awards (“PSAs”)	19		39		33		62
Employee share purchase plans	1		2		5		5
Total share-based compensation expense	$	64	$	91	$	140	$	180

Restricted share unit activity

The following table summarizes the status of the Company’s RSUs (shares in thousands, except fair value):

	Six Months Ended June 30,
	2020			2019
	Shares	Fair Value (1)		Shares	Fair Value (1)
Non-vested at beginning of period	3,634	$	143	4,208	$	120
Granted	1,103	$	185	1,178	$	173
Vested	(1,257)	$	133	(1,451)	$	113
Forfeited	(116)	$	151	(97)	$	124
Non-vested at end of period	3,364	$	160	3,838	$	139

(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 six months ended June 30, 2020 and the years ended December 31, 2019 and 2018, respectively (shares in thousands and dollars in millions, except fair value):

	June 30, 2020		December 31, 2019		December 31, 2018
Target PSAs granted during period	500		467		564
Weighted average fair value per share at date of grant	$	161	$	165	$	134
Number of shares that would be issued based on current performance levels	496		448		809
Unamortized expense, based on current performance levels	$	73	$	35	$	16