Share-Based Compensation Plans (Tables)

3 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

Schedule of 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,
	2022		2021
Restricted share units	$	87	$	66
Performance share awards	27		61
Employee share purchase plans	4		4
Total share-based compensation expense	$	119	$	131

Schedule of 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,
	2022			2021
	Shares	Fair Value (1)		Shares	Fair Value (1)
Non-vested at beginning of period	3,075	$	203	3,309	$	163
Granted	428	$	307	372	$	226
Vested	(396)	$	189	(452)	$	160
Forfeited	(53)	$	207	(70)	$	166
Non-vested at end of period	3,055	$	219	3,159	$	171

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

Schedule of Performance Share Awards

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, 2022 and the years ended December 31, 2021 and 2020, respectively (shares in thousands and dollars in millions, except fair value per share):

	March 31, 2022		December 31, 2021		December 31, 2020
Target PSAs granted during period	292		382		500
Weighted average fair value per share at date of grant	$	313	$	225	$	163
Number of shares that would be issued based on current performance levels	292		730		962
Unamortized expense, based on current performance levels	$	91	$	106	$	38