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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 25, 2022
Revenue:    
Revenue $ 3,025 $ 3,064
Interest and dividends 276 44
Other revenue (loss), net 58 (52)
Total revenue 3,359 3,056
Interest expense 74 23
Net revenue 3,285 3,033
Operating expenses:    
Compensation and benefits 2,247 2,148
Communications and data processing 201 146
Occupancy and equipment 151 143
Fund sub-adviser fees 64 63
Professional and consulting fees 45 40
Other operating expenses 176 132
Total operating expenses 2,884 2,672
Income before allocations to partners 401 361
Allocations to partners:    
Limited partners 68 43
Subordinated limited partners 45 43
General partners 288 275
Net Income $ 0 $ 0
Income allocated to limited partners per weighted average $1,000 equivalent limited partnership unit outstanding $ 36.15 $ 34.91
Weighted average $1,000 equivalent limited partnership units outstanding 1,775,839 1,226,276
Total Fee Revenue [Member]    
Revenue:    
Revenue $ 2,685 $ 2,675
Asset-based Fee Revenue [Member]    
Revenue:    
Revenue 2,501 2,503
Account and Activity Fee Revenue [Member]    
Revenue:    
Revenue 184 172
Trade Revenue [Member]    
Revenue:    
Revenue $ 340 $ 389