Consolidated Statements of Financial Condition (Unaudited) - USD ($) $ in Millions	Jun. 27, 2025	Dec. 31, 2024
ASSETS:
Cash and cash equivalents	$ 1,749	$ 2,273
Cash and investments, at fair value, segregated under federal regulations	13,944	15,112
Securities purchased under agreements to resell	127	1,390
Receivables from:
Clients	4,767	4,350
Mutual funds, insurance companies and other	1,022	967
Brokers, dealers and clearing organizations	428	350
Securities owned, at fair value:
Investment securities	856	679
Inventory securities	134	63
Fixed assets, at cost, net of accumulated depreciation and amortization	1,569	1,397
Lease right-of-use assets	1,112	1,085
Other assets	1,379	1,298
TOTAL ASSETS	27,087	28,964
Payables to
Clients	17,157	18,189
Brokers, dealers and clearing organizations	151	68
Accrued compensation and employee benefits	2,399	3,144
Accounts payable, accrued expenses and other	1,469	1,529
Lease liabilities	1,149	1,125
Total liabilities before partnership capital	22,325	24,055
Contingencies (Note 8)
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals and partnership loans	4,457	4,201
Reserve for anticipated withdrawals	305	708
Total partnership capital and profits interests subject to mandatory redemption	4,762	4,909
TOTAL LIABILITIES	27,087	28,964
Limited Partnership Capital [Member]
Payables to
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals and partnership loans	1,729	1,727
Subordinated Limited Partnership Capital [Member]
Payables to
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals and partnership loans	743	721
General Partnership Capital [Member]
Payables to
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals and partnership loans	$ 1,985	$ 1,753