CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Cash flows from operating activities:
Net loss	$ (580)	$ (26)
Adjustments to reconcile net loss to net cash provided by operating activities:
Net loss from securities transactions	237	258
Purchases of securities	(942)	(784)
Proceeds from sales of securities	993	660
Payments to cover securities sold, not yet purchased	(626)	(368)
Proceeds from securities sold, not yet purchased	94	100
Changes in receivables and payables relating to securities transactions	499	18
Changes in derivative assets and liabilities	156	(237)
Loss on disposition of assets, net	3	6
Depreciation and amortization	118	129
Impairment	10
Deferred taxes	(72)	(16)
Other, net	79	12
Changes in other operating assets and liabilities	(151)	(3)
Net cash used by operating activities	(182)	(251)
Cash flows from investing activities:
Capital expenditures	(88)	(68)
Turnaround expenditures	(43)	(12)
Proceeds from disposition of businesses and assets		2
Proceeds from sale of equity method investment	6
Return of equity method investment	4	3
Other, net	3
Net cash used in investing activities	(118)	(75)
Cash flows from financing activities:
Investment segment distributions to non-controlling interests		(5)
Partnership contributions		50
Purchase of additional interests in consolidated subsidiaries	(35)
Dividends and distributions to non-controlling interests in subsidiaries	(12)	(28)
Proceeds from subsidiary borrowings		7
Repayments of subsidiary borrowings	(13)	(607)
Other, net	(5)	(4)
Net cash used in financing activities	(65)	(587)
Effect of exchange rate changes on cash and cash equivalents and restricted cash and restricted cash equivalents	1
Net decrease in cash and cash equivalents and restricted cash and restricted cash equivalents	(364)	(913)
Cash and cash equivalents and restricted cash and restricted cash equivalents, beginning of period	5,239	5,946
Cash and cash equivalents and restricted cash and restricted cash equivalents, end of period	$ 4,875	$ 5,033