Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 0	$ 0	$ 0
Adjustments to reconcile net income to net cash provided by operating activities:
Income before allocations to partners	1,404	1,605	1,285
Depreciation and amortization	499	461	443
Changes in assets and liabilities:
Investments segregated under federal regulations	2,981	(2,140)	(8,774)
Securities purchased under agreements to resell	1,092	185	(21)
Net payable to clients	(2,592)	1,839	8,174
Net receivable from brokers, dealers and clearing organizations	93	26	11
Receivable from mutual funds, insurance companies and other	0	(32)	(157)
Securities owned	(515)	444	(952)
Other assets	(54)	(195)	(67)
Lease liabilities	(326)	(322)	(306)
Accrued compensation and employee benefits	(236)	297	357
Accounts payable, accrued expenses and other	7	227	32
Net cash provided by operating activities	2,353	2,395	25
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of fixed assets	(302)	(234)	(129)
Cash used in investing activities	(302)	(234)	(129)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of general partnership loans	71	45	0
Issuance of partnership interests	63	66	50
Redemption of partnership interests	(336)	(260)	(214)
Distributions from partnership capital	(1,173)	(1,181)	(864)
Net cash used in financing activities	(1,375)	(1,330)	(1,028)
Net increase (decrease) in cash, cash equivalents and restricted cash	676	831	(1,132)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:
Beginning of year	7,706	6,875	8,007
End of year	$ 8,382	$ 7,706	$ 6,875