Fair Value (Tables)

6 Months Ended

Jun. 24, 2022

Fair Value Disclosures [Abstract]

Partnership's Financial Assets and Liabilities at Fair Value

The following tables show the Partnership’s financial assets and liabilities measured at fair value as of:

	June 24, 2022
	Level I		Level II		Level III		Total
Assets:
Cash equivalents:
Certificates of deposit	$	—	$	384	$	—	$	384
Money market funds		27		—		—		27
Total cash equivalents	$	27	$	384	$	—	$	411
Investments segregated under federal regulations:
U.S. treasuries	$	14,520	$	—	$	—	$	14,520
Certificates of deposit		—		400		—		400
Total investments segregated under federal regulations	$	14,520	$	400	$	—	$	14,920
Securities owned:
Investment securities:
Government and agency obligations	$	412	$	—	$	—	$	412
Mutual funds(1)		319		—		—		319
Equities		12		—		—		12
Total investment securities	$	743	$	—	$	—	$	743
Inventory securities:
Municipal obligations	$	—	$	18	$	—	$	18
Mutual funds		10		—		—		10
Equities		8		—		—		8
Corporate bonds and notes		—		5		—		5
Certificates of deposit		—		1		—		1
Total inventory securities	$	18	$	24	$	—	$	42
Other assets:
Client fractional share ownership assets	$	630	$	—	$	—	$	630
Liabilities:
Accounts payable, accrued expenses and other:
Client fractional share redemption obligations	$	630	$	—	$	—	$	630

	December 31, 2021
	Level I		Level II		Level III		Total
Assets:
Cash equivalents:
Certificates of deposit	$	—	$	266	$	—	$	266
Money market funds		47		—		—		47
Total cash equivalents	$	47	$	266	$	—	$	313
Investments segregated under federal regulations:
U.S. treasuries	$	13,908	$	—	$	—	$	13,908
Certificates of deposit		—		400		—		400
Total investments segregated under federal regulations	$	13,908	$	400	$	—	$	14,308
Securities owned:
Investment securities:
Government and agency obligations	$	413	$	—	$	—	$	413
Mutual funds(1)		366		—		—		366
Equities		3		—		—		3
Certificates of deposit		—		70		—		70
Total investment securities	$	782	$	70	$	—	$	852
Inventory securities:
Equities	$	18	$	—	$	—	$	18
Municipal obligations		—		9		—		9
Certificates of deposit		—		6		—		6
Corporate bonds and notes		—		3		—		3
Mutual funds		2		—		—		2
Total inventory securities	$	20	$	18	$	—	$	38
Other assets:
Client fractional share ownership assets	$	710	$	—	$	—	$	710
Liabilities:
Accounts payable, accrued expenses and other:
Client fractional share redemption obligations	$	710	$	—	$	—	$	710