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Consolidated Statements of Changes in Partnership Capital And Profits Interests Subject to Mandatory Redemption (Unaudited) - USD ($)
$ in Millions
Total
Limited Partnership Capital [Member]
Profits Interests [Member]
Subordinated Limited Partnership Capital [Member]
General Partnership Capital [Member]
Reserve for anticipated withdrawals at Dec. 31, 2023 $ (578) $ (170) $ 0 $ (60) $ (348)
TOTAL PARTNERSHIP CAPITAL SUBJECT TO MANDATORY REDEMPTION at Dec. 31, 2023 4,627 1,920 0 726 1,981
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals at Dec. 31, 2023 4,049 1,750 0 666 1,633
Partnership loans outstanding at Dec. 31, 2023 439 0 0 0 439
Total partnership capital, including capital financed with partnership loans, net of reserve for anticipated withdrawals at Dec. 31, 2023 4,488 1,750 0 666 2,072
Issuance of partnership interests 337 6 0 64 267
Redemption of partnership interests (64) (7) 0 (11) (46)
Net income allocations 467 74 10 52 331
Other Comprehensive Loss Allocations (3) (1) 0 0 (2)
Distributions (21) 4 0 0 (25)
Total partnership capital, including capital financed with partnership loans, and profits interests at Mar. 29, 2024 5,204 1,826 10 771 2,597
Issuance of partnership interests 4 1 0 0 3
Redemption of partnership interests (16) (6) 0 0 (10)
Net income allocations 470 73 10 51 336
Distributions (530) (19) (17) (85) (409)
Total partnership capital, including capital financed with partnership loans, and profits interests at Jun. 28, 2024 5,132 1,875 3 737 2,517
Partnership loans outstanding at Jun. 28, 2024 (555) 0 0 0 (555)
Reserve for anticipated withdrawals at Jun. 28, 2024 (292) (131) (3) (18) (140)
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals at Jun. 28, 2024 4,285 1,744 0 719 1,822
TOTAL PARTNERSHIP CAPITAL AND PROFITS INTERESTS SUBJECT TO MANDATORY REDEMPTION at Jun. 28, 2024 4,577 1,875 3 737 1,962
TOTAL PARTNERSHIP CAPITAL AND PROFITS INTERESTS SUBJECT TO MANDATORY REDEMPTION at Dec. 31, 2024 4,909 1,926 14 794 2,175
Reserve for anticipated withdrawals at Dec. 31, 2024 (708) (199) (14) (73) (422)
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals at Dec. 31, 2024 4,201 1,727 0 721 1,753
Partnership loans outstanding at Dec. 31, 2024 473 0 0 0 473
Total partnership capital, including capital financed with partnership loans, net of reserve for anticipated withdrawals at Dec. 31, 2024 4,674 1,727 0 721 2,226
Issuance of partnership interests 372 14 0 56 302
Redemption of partnership interests (66) (7) 0 (17) (42)
Net income allocations 513 71 17 56 369
Other Comprehensive Loss Allocations (5) 0 0 (1) (4)
Distributions (8) 15 0 0 (23)
Total partnership capital, including capital financed with partnership loans, and profits interests at Mar. 28, 2025 5,480 1,820 17 815 2,828
Issuance of partnership interests 14 0 0 0 14
Redemption of partnership interests (40) (5) 0 (17) (18)
Net income allocations 471 71 16 49 335
Other Comprehensive Loss Allocations 9 1 0 1 7
Distributions (577) (33) (27) (87) (430)
Total partnership capital, including capital financed with partnership loans, and profits interests at Jun. 27, 2025 5,357 1,854 6 761 2,736
Partnership loans outstanding at Jun. 27, 2025 (595) 0 0 0 (595)
Reserve for anticipated withdrawals at Jun. 27, 2025 (305) (125) (6) (18) (156)
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals at Jun. 27, 2025 4,457 1,729 0 743 1,985
TOTAL PARTNERSHIP CAPITAL AND PROFITS INTERESTS SUBJECT TO MANDATORY REDEMPTION at Jun. 27, 2025 $ 4,762 $ 1,854 $ 6 $ 761 $ 2,141