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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 678 $ 294
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Deferred income taxes 21 11
Depreciation and amortization 18 16
Employee stock plan compensation 34 38
Unrealized loss on other investments, net 5 6
Bad debt expense 6 145
Change in operating assets and liabilities:    
Decrease in Cash and securities - segregated for regulatory purposes (3,941) (5,507)
Increase in securities borrowed (861) 276
Securities purchased under agreements to resell 47 171
Financial instruments owned, at fair value (435) 136
Receivables from customers (1,179) 1,027
Other receivables (75) 244
Increase (decrease) in other assets 3 13
Increase (decrease) in securities loaned 723 (475)
Financial instruments sold but not yet purchased, at fair value (151) 480
Payable to customers 5,402 3,519
(Decrease) increase in other payables (181) 233
Net cash provided by operating activities 114 627
Cash flows from investing activities:    
Purchases of other investments (6) (9)
Distributions received and proceeds from sales of other investments 38 6
Purchase of property and equipment (21) (23)
Net cash provided by (used in) investing activities 11 (26)
Cash flows from financing activities:    
Short-term borrowings, net 24 (30)
Dividends paid to stockholders (20) (18)
Distributions to noncontrolling interests (184) (181)
Excess tax benefit on stock incentive plans   2
Repurchases of common stock for employee tax withholding under stock incentive plans (26) (25)
Proceeds from sales of treasury stock 25 17
Payments made under the Tax Receivable Agreement (17) (13)
Net cash used in financing activities (198) (248)
Effect of exchange rate changes on cash and cash equivalents 22 (34)
Net (decrease) increase in cash and cash equivalents (51) 319
Cash and cash equivalents at beginning of period 1,601 1,269
Cash and cash equivalents at end of period 1,550 1,588
Supplemental disclosures of cash flow information:    
Cash paid for interest 56 50
Cash paid for taxes, net 17 22
Non-cash financing activities:    
Issuance of Common Stock in exchange of member interests in IBG LLC 56 121
Redemption of member interests from IBG Holdings LLC (56) (121)
Adjustments to additional paid-in capital for changes in proportionate ownership in IBG LLC 25 26
Adjustments to noncontrolling interests for changes in proportionate ownership in IBG LLC (25) $ (26)
Non-cash distribution to noncontrolling interests $ (5)