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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 290 $ 324
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Deferred income taxes 5 9
Depreciation and amortization 10 7
Amortization of right-of-use assets 5 5
Employee stock plan compensation 16 16
Unrealized (gain) loss on other investments, net 19 (106)
Bad debt expense 7 43
Change in operating assets and liabilities:    
Securities - segregated for regulatory purposes (12,363) (2,937)
Securities borrowed (54) (865)
Securities purchased under agreements to resell 2,201 (338)
Financial instruments owned, at fair value 704 803
Receivables from customers 11,205 1,106
Other receivables (805) (31)
Other assets (4) (140)
Securities loaned (366) 213
Securities sold under agreements to repurchase (1,909)  
Financial instruments sold but not yet purchased, at fair value (296) (426)
Payable to customers 6,491 2,749
Other payables 47 171
Net cash provided by operating activities 5,203 603
Cash flows from investing activities:    
Purchases of other investments   (16)
Distributions received and proceeds from sales of other investments 1  
Purchase of property, equipment and intangible assets (12) (26)
Net cash used in investing activities (11) (42)
Cash flows from financing activities:    
Short-term borrowings, net (2) (2)
Dividends paid to stockholders (8) (8)
Distributions from IBG LLC to noncontrolling interests (53) (60)
Net cash used in financing activities (63) (70)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (38) (2)
Net increase in cash, cash equivalents, and restricted cash 5,091 489
Cash, cash equivalents, and restricted cash at beginning of period 12,282 10,100
Cash, cash equivalents, and restricted cash at end of period 17,373 10,589
Cash, cash equivalents, and restricted cash    
Cash, cash equivalents, and restricted cash 17,373 10,589
Supplemental disclosures of cash flow information:    
Cash paid for interest 129 158
Cash paid for taxes, net 15 12
Cash paid for amounts included in lease liabilities $ 5 $ 5