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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 382 $ 510
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Deferred income taxes 15 18
Depreciation and amortization 12 12
Employee stock plan compensation 25 22
Unrealized loss on other investments, net (1) 7
Bad debt expense 2 3
Impairment loss 21  
Change in operating assets and liabilities:    
Cash and securities - segregated for regulatory purposes (170) (3,948)
Securities borrowed (266) 164
Securities purchased under agreements to resell (255) 82
Financial instruments owned, at fair value 1,464 (869)
Receivables from customers (3,426) 1,910
Other receivables (126) (654)
Other assets 5 (4)
Securities loaned (661) 376
Financial instruments sold but not yet purchased, at fair value (1,171) 266
Payable to customers 4,219 2,235
Other payables 231 (118)
Net cash provided by operating activities 300 12
Cash flows from investing activities:    
Purchases of other investments   (6)
Distributions received and proceeds from sales of other investments   38
Purchase of property and equipment (10) (14)
Net cash provided by (used in) investing activities (10) 18
Cash flows from financing activities:    
Short-term borrowings, net (65) 8
Dividends paid to stockholders (14) (13)
Distributions to noncontrolling interests (82) (160)
Repurchases of common stock for employee tax withholding under stock incentive plans (21) (26)
Proceeds from sales of treasury stock 21  
Payments made under the Tax Receivable Agreement   (17)
Net cash used in financing activities (161) (208)
Effect of exchange rate changes on cash and cash equivalents 61 20
Net increase (decrease) in cash and cash equivalents 190 (158)
Cash and cash equivalents at beginning of period 1,925 1,601
Cash and cash equivalents at end of period 2,115 1,443
Supplemental disclosures of cash flow information:    
Cash paid for interest 77 35
Cash paid for taxes, net 17 6
Non-cash financing activities:    
Adjustments to additional paid-in capital for changes in proportionate ownership in IBG LLC 28 25
Adjustments to noncontrolling interests for changes in proportionate ownership in IBG LLC $ (28) (25)
Non-cash distribution to noncontrolling interests   $ (5)