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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 534 $ 577
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Deferred income taxes 12 11
Depreciation and amortization 14 12
Amortization of right-of-use assets 10  
Employee stock plan compensation 30 29
Unrealized (gain) loss on other investments, net (32) (2)
Bad debt expense 47 3
Impairment loss 1 1
Change in operating assets and liabilities:    
Securities - segregated for regulatory purposes (4,678) 317
Securities borrowed (697) (631)
Securities purchased under agreements to resell (60) 1,502
Financial instruments owned, at fair value 939 1,068
Receivables from customers 1,066 848
Other receivables (19) (312)
Other assets (145) (14)
Securities loaned 64 (353)
Securities sold under agreement to repurchase   (1,316)
Financial instruments sold but not yet purchased, at fair value (324) (137)
Payable to customers 5,061 691
Other payables 222 (162)
Net cash provided by operating activities 2,045 2,132
Cash flows from investing activities:    
Purchases of other investments (19) (21)
Distributions received and proceeds from sales of other investments 2  
Purchase of property, equipment and intangible assets (45) (15)
Net cash used in investing activities (62) (36)
Cash flows from financing activities:    
Short-term borrowings, net (2) 178
Dividends paid to stockholders (15) (14)
Distributions from IBG LLC to noncontrolling interests (98) (250)
Repurchases of common stock for employee tax withholding under stock incentive plans (27) (45)
Proceeds from sales of treasury stock 26 40
Payments made under the Tax Receivable Agreement   (28)
Net cash used in financing activities (116) (119)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 14 (70)
Net increase in cash, cash equivalents, and restricted cash 1,881 1,907
Cash, cash equivalents, and restricted cash at beginning of period 10,100 8,279
Cash, cash equivalents, and restricted cash at end of period 11,981 10,186
Cash, cash equivalents, and restricted cash    
Cash, cash equivalents, and restricted cash 10,100 8,279
Supplemental disclosures of cash flow information:    
Cash paid for interest 327 195
Cash paid for taxes, net 27 26
Cash paid for amounts included in lease liabilities 10  
Non-cash financing activities:    
Adjustments to additional paid-in capital for changes in proportionate ownership in IBG LLC 24 28
Adjustments to noncontrolling interests for changes in proportionate ownership in IBG LLC $ (24) $ (28)