Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 27, 2025	Jun. 28, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	$ 0	$ 0
Adjustments to reconcile net income to net cash provided by operating activities:
Income before allocations	984	937
Foreign currency translation	4	(3)
Depreciation and amortization	343	294
Changes in assets and liabilities:
Investments segregated under federal regulations	2,277	1,739
Securities purchased under agreements to resell	1,263	615
Net payable to clients	(1,449)	(1,743)
Net receivable from brokers, dealers and clearing organizations	5	43
Receivable from mutual funds, insurance companies and other	(55)	(39)
Securities owned	(248)	(34)
Other assets	(85)	(86)
Lease liabilities	(180)	(173)
Accrued compensation and employee benefits	(745)	(394)
Accounts payable, accrued expenses and other	(97)	(56)
Net cash provided by operating activities	2,017	1,100
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of fixed assets	(297)	(254)
Cash used in investing activities	(297)	(254)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of partnership loans	42	41
Issuance of partnership interests	70	72
Redemption of partnership interests	(106)	(80)
Distributions from partnership capital	(1,141)	(1,017)
Net cash used in financing activities	(1,135)	(984)
Net increase (decrease) in cash, cash equivalents and restricted cash	585	(138)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:
Beginning of period	6,350	5,817
End of period	$ 6,935	$ 5,679