Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Jun. 24, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 0	$ 0
Adjustments to reconcile net income to net cash provided by operating activities:
Income before allocations to partners	422	399
Depreciation and amortization	41	40
Changes in assets and liabilities:
Cash and investments segregated under federal regulations	2,058	(100)
Securities purchased under agreements to resell	492	246
Net payable to clients	(2,528)	171
Net receivable from brokers, dealers and clearing organizations	13	(22)
Receivable from mutual funds, insurance companies and other	(41)	(47)
Securities owned	(39)	(33)
Other assets	5	8
Accrued compensation and employee benefits	(62)	(209)
Accounts payable, accrued expenses and other	19	43
Net cash provided by operating activities	380	496
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of equipment, property and improvements, net	(40)	(34)
Net cash used in investing activities	(40)	(34)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of partnership interests	66	69
Redemption of partnership interests	(170)	(162)
Distributions from partnership capital	(380)	(423)
Net cash used in financing activities	(484)	(516)
Net (decrease) increase in cash and cash equivalents	(144)	(54)
CASH AND CASH EQUIVALENTS:
Beginning of period	1,047	937
End of period	903	883
Cash paid for interest	38	37
Cash paid for taxes	4	7
NON-CASH ACTIVITIES:
Issuance of general partnership interests through partnership loans in current period	142	146
Repayment of partnership loans through distributions from partnership capital in current period	$ 93	$ 79