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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 24, 2022
Jun. 30, 2023
Jun. 24, 2022
Revenue:        
Revenue $ 3,137 $ 3,008 $ 6,162 $ 6,072
Interest and dividends 283 76 559 120
Other revenue (loss), net 26 (46) 84 (98)
Total revenue 3,446 3,038 6,805 6,094
Interest expense 72 24 146 47
Net revenue 3,374 3,014 6,659 6,047
Operating expenses:        
Compensation and benefits 2,318 2,086 4,565 4,234
Communications and data processing 228 159 429 305
Occupancy and equipment 155 144 306 287
Fund sub-adviser fees 67 63 131 126
Professional and consulting fees 38 44 83 84
Other operating expenses 158 163 334 295
Total operating expenses 2,964 2,659 5,848 5,331
Income before allocations to partners 410 355 811 716
Allocations to partners:        
Limited partners 69 42 137 85
Subordinated limited partners 46 41 91 84
General partners 295 272 583 547
Net Income $ 0 $ 0 $ 0 $ 0
Income allocated to limited partners per weighted average $1,000 equivalent limited partnership unit outstanding $ 37.03 $ 34.31 $ 73.18 $ 69.22
Weighted average $1,000 equivalent limited partnership units outstanding 1,767,251 1,221,821 1,771,494 1,224,068
Total Fee Revenue [Member]        
Revenue:        
Revenue $ 2,792 $ 2,616 $ 5,477 $ 5,291
Asset-based Fee Revenue [Member]        
Revenue:        
Revenue 2,600 2,444 5,101 4,947
Account and Activity Fee Revenue [Member]        
Revenue:        
Revenue 192 172 376 344
Trade Revenue [Member]        
Revenue:        
Revenue $ 345 $ 392 $ 685 $ 781