Fair Value (Tables)

3 Months Ended

Mar. 25, 2016

Fair Value Disclosures [Abstract]

Partnership's Financial Assets at Fair Value

The following tables show the Partnership’s financial assets measured at fair value:

	Financial Assets at Fair Value as of
	March 25, 2016
	Level I		Level II		Level III		Total
Cash equivalents:
Certificates of deposit	$	—	$	150	$	—	$	150
Investments segregated under federal regulations:
U.S. treasuries	$	2,605	$	—	$	—	$	2,605
Certificates of deposit		—		300		—		300
Total investments segregated under federal    regulations	$	2,605	$	300	$	—	$	2,905
Securities owned:
Investment securities:
Mutual funds(1)	$	187	$	—	$	—	$	187
Equities		5		—		—		5
Government and agency obligations		4		—		—		4
Corporate bonds and notes		—		1		—		1
Total investment securities	$	196	$	1	$	—	$	197
Inventory securities:
State and municipal obligations	$	—	$	37	$	—	$	37
Equities		10		—		—		10
Mutual funds		5		—		—		5
Certificates of deposit		—		3		—		3
Corporate bonds and notes		—		2		—		2
Total inventory securities	$	15	$	42	$	—	$	57

⁽¹⁾ The mutual funds balance consists primarily of securities held to hedge future liabilities related to the non-qualified deferred compensation plan.

	Financial Assets at Fair Value as of
	December 31, 2015
	Level I		Level II		Level III		Total
Cash equivalents:
Certificates of deposit	$	—	$	150	$	—	$	150
Investments segregated under federal regulations:
U.S. treasuries	$	2,706	$	—	$	—	$	2,706
Certificates of deposit		—		300		—		300
Total investments segregated under federal    regulations	$	2,706	$	300	$	—	$	3,006
Securities owned:
Investment securities:
Mutual funds	$	192	$	—	$	—	$	192
Equities		4		—		—		4
Government and agency obligations		4		—		—		4
Corporate bonds and notes		—		1		—		1
Total investment securities	$	200	$	1	$	—	$	201
Inventory securities:
Equities	$	17	$	—	$	—	$	17
State and municipal obligations		—		11		—		11
Mutual funds		7		—		—		7
Corporate bonds and notes		—		1		—		1
Total inventory securities	$	24	$	12	$	—	$	36