Fair Value (Tables)

3 Months Ended

Mar. 30, 2018

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 30, 2018
	Level I		Level II		Level III		Total
Cash equivalents:
Certificates of deposit	$	—	$	276	$	—	$	276
Investments segregated under federal regulations:
U.S. treasuries	$	1,998	$	—	$	—	$	1,998
Securities owned:
Investment securities:
Mutual funds(1)	$	245	$	—	$	—	$	245
Government and agency obligations		3		—		—		3
Equities		2		—		—		2
Corporate bonds and notes		—		1		—		1
Total investment securities	$	250	$	1	$	—	$	251
Inventory securities:
State and municipal obligations	$	—	$	40	$	—	$	40
Equities		34		—		—		34
Mutual funds		7		—		—		7
Certificates of deposit		—		13				13
Corporate bonds and notes		—		3		—		3
Total inventory securities	$	41	$	56	$	—	$	97

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

	Financial Assets at Fair Value as of
	December 31, 2017
	Level I		Level II		Level III		Total
Cash equivalents:
Certificates of deposit	$	—	$	275	$	—	$	275
Investments segregated under federal regulations:
U.S. treasuries	$	2,399	$	—	$	—	$	2,399
Securities owned:
Investment securities:
Mutual funds(1)	$	252	$	—	$	—	$	252
Government and agency obligations		3		—		—		3
Equities		2		—		—		2
Corporate bonds and notes		—		1		—		1
Total investment securities	$	257	$	1	$	—	$	258
Inventory securities:
State and municipal obligations	$	—	$	24	$	—	$	24
Equities		16		—		—		16
Mutual funds		4		—		—		4
Certificates of deposit		—		4		—		4
Corporate bonds and notes		—		2		—		2
Total inventory securities	$	20	$	30	$	—	$	50