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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 795 $ 835
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Deferred income taxes 17 19
Depreciation and amortization 21 18
Amortization of right-of-use assets 15  
Employee stock plan compensation 43 42
Unrealized (gain) loss on other investments, net (22)  
Bad debt expense 45 2
Impairment loss 1 1
Change in operating assets and liabilities:    
Securities - segregated for regulatory purposes (5,651) 853
Securities borrowed (679) (594)
Securities purchased under agreements to resell (149) 1,704
Financial instruments owned, at fair value 250 567
Receivables from customers 1,002 (1,094)
Other receivables (153) (24)
Other assets (148) 7
Securities loaned (82) (610)
Securities sold under agreements to repurchase   (1,316)
Financial instruments sold but not yet purchased, at fair value 296 148
Payable to customers 6,481 2,275
Other payables 96 (69)
Net cash provided by operating activities 2,178 2,764
Cash flows from investing activities:    
Purchases of other investments (19) (21)
Distributions received and proceeds from sales of other investments 4 1
Purchase of property, equipment and intangible assets (62) (23)
Net cash used in investing activities (77) (43)
Cash flows from financing activities:    
Short-term borrowings, net (2) 13
Dividends paid to stockholders (23) (22)
Distributions from IBG LLC to noncontrolling interests (303) (299)
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 (29) (28)
Net cash used in financing activities (358) (341)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (14) (74)
Net increase in cash, cash equivalents, and restricted cash 1,729 2,306
Cash, cash equivalents, and restricted cash at beginning of period 10,100 8,279
Cash, cash equivalents, and restricted cash at end of period 11,829 10,585
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 515 308
Cash paid for taxes, net 41 35
Cash paid for amounts included in lease liabilities 15  
Non-cash financing activities:    
Issuance of common stock in exchange of member interests in IBG LLC 1 94
Redemption of member interests from IBG Holdings LLC (1) (94)
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)
Non-cash distribution to noncontrolling interests   $ (11)