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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 24, 2022
Jun. 25, 2021
Jun. 24, 2022
Jun. 25, 2021
Revenue:        
Revenue $ 3,008 $ 2,993 $ 6,072 $ 5,814
Interest and dividends 76 40 120 78
Other (loss) revenue, net (46) 24 (98) 42
Total revenue 3,038 3,057 6,094 5,934
Interest expense 24 23 47 47
Net revenue 3,014 3,034 6,047 5,887
Operating expenses:        
Compensation and benefits 2,086 2,148 4,234 4,187
Occupancy and equipment 144 135 287 269
Communications and data processing 159 115 305 219
Fund sub-adviser fees 63 59 126 115
Professional and consulting fees 44 34 84 65
Other operating expenses 163 100 295 209
Total operating expenses 2,659 2,591 5,331 5,064
Income before allocations to partners 355 443 716 823
Allocations to partners:        
Limited partners 42 58 85 107
Subordinated limited partners 41 52 84 98
General partners 272 333 547 618
Net Income (Loss) Attributable to Parent, Total $ 0 $ 0 $ 0 $ 0
Income allocated to limited partners per weighted average $1,000 equivalent limited partnership unit outstanding $ 34.31 $ 46.66 $ 69.22 $ 86.74
Weighted average $1,000 equivalent limited partnership units outstanding 1,221,821 1,231,702 1,224,068 1,234,095
Total Fee Revenue [Member]        
Revenue:        
Revenue $ 2,616 $ 2,556 $ 5,291 $ 4,935
Asset-based Fee Revenue [Member]        
Revenue:        
Revenue 2,444 2,385 4,947 4,594
Account and Activity Fee Revenue [Member]        
Revenue:        
Revenue 172 171 344 341
Trade Revenue [Member]        
Revenue:        
Revenue $ 392 $ 437 $ 781 $ 879