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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 29, 2024
Mar. 31, 2023
Revenue:    
Revenue $ 3,524 $ 3,025
Interest and dividends 308 276
Other revenue, net 30 58
Total revenue 3,862 3,359
Interest expense 68 74
Net revenue 3,794 3,285
Operating expenses:    
Compensation and benefits 2,631 2,247
Communications and data processing 244 201
Occupancy and equipment 158 151
Fund sub-adviser fees 74 64
Professional and consulting fees 43 45
Advertising 42 33
Other operating expenses 135 143
Total operating expenses 3,327 2,884
Income before allocations to partners 467 401
Allocations to partners:    
Limited partners 74 68
Profits interests 10 0
Subordinated limited partners 52 45
General partners 331 288
Net Income (Loss) Attributable to Parent, Total $ 0 $ 0
Income allocated to limited partners per weighted average $1,000 equivalent limited partnership unit outstanding $ 38.46 $ 36.15
Weighted average $1,000 equivalent limited partnership units outstanding 1,751,675 1,775,839
Total Fee Revenue [Member]    
Revenue:    
Revenue $ 3,100 $ 2,685
Asset-based Fee Revenue [Member]    
Revenue:    
Revenue 2,908 2,501
Account and Activity Fee Revenue [Member]    
Revenue:    
Revenue 192 184
Trade Revenue [Member]    
Revenue:    
Revenue $ 424 $ 340