XML 14 R3.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 28, 2025
Mar. 29, 2024
Revenue:    
Revenue $ 3,923 $ 3,524
Interest and dividends 270 308
Other revenue, net 25 30
Total revenue 4,218 3,862
Interest expense 51 68
Net revenue 4,167 3,794
Operating expenses:    
Compensation and benefits 2,890 2,631
Communications and data processing 267 244
Occupancy and equipment 163 158
Fund sub-adviser fees 84 74
Professional and consulting fees 61 43
Advertising 39 42
Other operating expenses 150 135
Total operating expenses 3,654 3,327
Income before allocations 513 467
Allocations to partners:    
Limited partners 71 74
Profits interests 17 10
Subordinated limited partners 56 52
General partners 369 331
Net Income (Loss) Attributable to Parent, Total $ 0 $ 0
Income allocated to limited partners per weighted average $1,000 equivalent limited partnership unit outstanding $ 38.89 $ 38.46
Weighted average $1,000 equivalent limited partnership units outstanding 1,736,683 1,751,675
Total Fee Revenue [Member]    
Revenue:    
Revenue $ 3,480 $ 3,100
Asset-based Fee Revenue [Member]    
Revenue:    
Revenue 3,294 2,908
Account and Activity Fee Revenue [Member]    
Revenue:    
Revenue 186 192
Trade Revenue [Member]    
Revenue:    
Revenue $ 443 $ 424