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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 29, 2023
Sep. 30, 2022
Sep. 29, 2023
Sep. 30, 2022
Revenue:        
Revenue $ 3,253 $ 2,968 $ 9,415 $ 9,040
Interest and dividends 292 159 851 279
Other revenue (loss), net 15 (37) 99 (135)
Total revenue 3,560 3,090 10,365 9,184
Interest expense 67 40 213 87
Net revenue 3,493 3,050 10,152 9,097
Operating expenses:        
Compensation and benefits 2,358 2,153 6,923 6,387
Communications and data processing 239 181 668 486
Occupancy and equipment 155 146 461 433
Fund sub-adviser fees 70 63 201 189
Professional and consulting fees 47 45 130 129
Other operating expenses 230 143 564 438
Total operating expenses 3,099 2,731 8,947 8,062
Income before allocations to partners 394 319 1,205 1,035
Allocations to partners:        
Limited partners 66 37 203 122
Subordinated limited partners 44 38 135 122
General partners 284 244 867 791
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 $ 35.54 $ 30.76 $ 108.72 $ 99.98
Weighted average $1,000 equivalent limited partnership units outstanding 1,760,636 1,217,423 1,767,944 1,222,023
Total Fee Revenue [Member]        
Revenue:        
Revenue $ 2,894 $ 2,613 $ 8,371 $ 7,904
Asset-based Fee Revenue [Member]        
Revenue:        
Revenue 2,708 2,438 7,809 7,385
Account and Activity Fee Revenue [Member]        
Revenue:        
Revenue 186 175 562 519
Trade Revenue [Member]        
Revenue:        
Revenue $ 359 $ 355 $ 1,044 $ 1,136