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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 835 $ 629
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Deferred income taxes 19 23
Depreciation and amortization 18 18
Employee stock plan compensation 42 38
Unrealized (gain) loss on other investments, net   (3)
Bad debt expense 2 2
Impairment loss 1 21
Change in operating assets and liabilities:    
Securities - segregated for regulatory purposes 853 2,373
Securities borrowed (594) (566)
Securities purchased under agreements to resell 1,704 (478)
Financial instruments owned, at fair value 567 1,459
Receivables from customers (1,094) (5,926)
Other receivables (24) (14)
Other assets 7 (1)
Securities loaned (610) (161)
Securities sold under agreement to repurchase (1,316)  
Financial instruments sold but not yet purchased, at fair value 148 (968)
Payable to customers 2,275 5,819
Other payables (69) 30
Net cash provided by operating activities 2,764 2,295
Cash flows from investing activities:    
Purchases of other investments (21)  
Distributions received and proceeds from sales of other investments 1 2
Purchase of property, equipment and intangible assets (23) (16)
Net cash used in investing activities (43) (14)
Cash flows from financing activities:    
Short-term borrowings, net 13 (36)
Dividends paid to stockholders (22) (21)
Distributions from IBG LLC to noncontrolling interests (299) (222)
Repurchases of common stock for employee tax withholding under stock incentive plans (45) (21)
Proceeds from sales of treasury stock 40 21
Payments made under the Tax Receivable Agreement (28) (15)
Net cash used in financing activities (341) (294)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (74) 66
Net increase in cash, cash equivalents, and restricted cash 2,306 2,053
Cash, cash equivalents, and restricted cash at beginning of period 8,279 7,549
Cash, cash equivalents, and restricted cash at end of period 10,585 9,602
Cash, cash equivalents, and restricted cash    
Cash, cash equivalents, and restricted cash 8,279 7,549
Supplemental disclosures of cash flow information:    
Cash paid for interest 308 136
Cash paid for taxes, net 35 31
Non-cash financing activities:    
Issuance of Common Stock in exchange of member interests in IBG LLC 94 49
Redemption of member interests from IBG Holdings LLC (94) (49)
Adjustments to additional paid-in capital for changes in proportionate ownership in IBG LLC 28 28
Adjustments to noncontrolling interests for changes in proportionate ownership in IBG LLC (28) $ (28)
Non-cash distribution to noncontrolling interests $ (11)