Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 25, 2016	Mar. 27, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 0	$ 0
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Income before allocations to partners	191	214
Depreciation and amortization	20	20
Changes in assets and liabilities:
Cash and investments segregated under federal regulations	145	(61)
Securities purchased under agreements to resell	254	(116)
Net payable to clients	56	(38)
Net receivable from brokers, dealers and clearing organizations	36	53
Receivable from mutual funds, insurance companies and other	(83)	(91)
Securities owned	(17)	(30)
Other assets	22	16
Accrued compensation and employee benefits	(248)	(235)
Accounts payable, accrued expenses and other	(15)	25
Net cash provided by (used in) operating activities	361	(243)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of equipment, property and improvements, net	(14)	(21)
Net cash used in investing activities	(14)	(21)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of partnership interests	68	351
Redemption of partnership interests	(152)	(132)
Distributions from partnership capital	(211)	(188)
Net cash (used in) provided by financing activities	(295)	31
Net increase (decrease) in cash and cash equivalents	52	(233)
CASH AND CASH EQUIVALENTS:
Beginning of period	937	1,033
End of period	989	800
Cash paid for interest	18	18
Cash paid for taxes	3	2
NON-CASH ACTIVITIES:
Issuance of general partnership interests through partnership loans in current period	139	119
Repayment of partnership loans through distributions from partnership capital in current period	$ 60	$ 67