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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 1,089 $ 1,125 $ 793
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Deferred income taxes 24 21 147
Depreciation and amortization 31 26 25
Amortization of right-of-use assets 21    
Employee stock plan compensation 60 58 53
Unrealized (gain) loss on other investments, net (8) 2 (4)
Gain on remeasurement of Tax Receivable Agreement liability   (3) (93)
Bad debt expense 44 4 2
Impairment loss 1 1 21
Change in operating assets and liabilities:      
Securities - segregated for regulatory purposes (2,229) (1,910) 4,708
Securities borrowed (585) (374) 672
Securities purchased under agreements to resell (1,869) 793 (1,924)
Financial instruments owned, at fair value 210 1,034 886
Receivables from customers (4,332) 2,800 (10,414)
Other receivables 4 92 158
Other assets (169) 11 (3)
Securities loaned 373 (407) 151
Securities sold under agreements to repurchase 1,909 (1,316) 1,316
Financial instruments sold but not yet purchased, at fair value (224) (86) (1,378)
Payable to customers 8,255 445 5,817
Other payables 61 40 132
Net cash provided by operating activities 2,666 2,356 1,065
Cash flows from investing activities:      
Purchases of other investments (19) (22)  
Distributions received and proceeds from sales of other investments 4 1 2
Purchase of property, equipment and intangible assets (74) (36) (28)
Net cash used in investing activities (89) (57) (26)
Cash flows from financing activities:      
Short-term borrowings, net (1) 2 (59)
Dividends paid to stockholders (31) (29) (28)
Distributions from IBG LLC to noncontrolling interests (357) (339) (272)
Repurchases of common stock for employee tax withholding under stock incentive plans (27) (45) (21)
Proceeds from sales of treasury stock 26 40 21
Payments made under the Tax Receivable Agreement (29) (28) (15)
Net cash used in financing activities (419) (399) (374)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 24 (79) 65
Net increase in cash, cash equivalents, and restricted cash 2,182 1,821 730
Cash, cash equivalents, and restricted cash at beginning of period 10,100 8,279 7,549
Cash, cash equivalents, and restricted cash at end of period 12,282 10,100 8,279
Cash, cash equivalents, and restricted cash      
Cash, cash equivalents, and restricted cash 12,282 8,279 7,549
Supplemental disclosures of cash flow information:      
Cash paid for interest 654 444 209
Cash paid for taxes, net 51 50 47
Cash paid for amounts included in lease liabilities 20    
Non-cash financing activities:      
Issuance of common stock in exchange of member interests in IBG LLC 1 94 49
Redemption of member interests from IBG Holdings LLC (1) (94) (49)
Adjustments to additional paid-in capital for changes in proportionate ownership in IBG LLC 24 28 28
Adjustments to noncontrolling interests for changes in proportionate ownership in IBG LLC $ (24) (28) $ (28)
Non-cash distribution to noncontrolling interests   $ (11)