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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 26, 2021
Mar. 27, 2020
Revenue:    
Revenue $ 2,821 $ 2,470
Interest and dividends 38 83
Other revenue (loss), net 18 (30)
Total revenue 2,877 2,523
Interest expense 24 32
Net revenue 2,853 2,491
Operating expenses:    
Compensation and benefits 2,039 1,764
Occupancy and equipment 134 131
Communications and data processing 104 101
Fund sub-adviser fees 56 42
Professional and consulting fees 31 29
Other operating expenses 109 121
Total operating expenses 2,473 2,188
Income before allocations to partners 380 303
Allocations to partners:    
Limited partners 49 50
Subordinated limited partners 46 35
General partners 285 218
Net Income $ 0 $ 0
Income allocated to limited partners per weighted average $1,000 equivalent limited partnership unit outstanding $ 40.08 $ 34.90
Weighted average $1,000 equivalent limited partnership units outstanding 1,236,881 1,248,279
Asset-based Fee Revenue [Member]    
Revenue:    
Revenue $ 2,209 $ 1,806
Account and Activity Fee Revenue [Member]    
Revenue:    
Revenue 170 171
Total Fee Revenue [Member]    
Revenue:    
Revenue 2,379 1,977
Trade Revenue [Member]    
Revenue:    
Revenue $ 442 $ 493