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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 497 $ 534
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Deferred income taxes 10 12
Depreciation and amortization 20 14
Amortization of right-of-use assets 10 10
Employee stock plan compensation 29 30
Unrealized (gain) loss on other investments, net 2 (32)
Bad debt expense 10 47
Impairment loss   1
Change in operating assets and liabilities:    
Securities - segregated for regulatory purposes (15,626) (4,678)
Securities borrowed (920) (697)
Securities purchased under agreements to resell 1,744 (60)
Financial instruments owned, at fair value 1,020 939
Receivables from customers 5,616 1,066
Other receivables (633) (19)
Other assets (1) (145)
Securities loaned 1,446 64
Securities sold under agreements to repurchase (1,909)  
Financial instruments sold but not yet purchased, at fair value (223) (324)
Payable to customers 12,548 5,061
Other payables 6 222
Net cash provided by operating activities 3,646 2,045
Cash flows from investing activities:    
Purchases of other investments (2) (19)
Distributions received and proceeds from sales of other investments 1 2
Purchase of property, equipment and intangible assets (22) (45)
Net cash used in investing activities (23) (62)
Cash flows from financing activities:    
Short-term borrowings, net 123 (2)
Dividends paid to stockholders (15) (15)
Distributions from IBG LLC to noncontrolling interests (182) (98)
Repurchases of common stock for employee tax withholding under stock incentive plans (17) (27)
Proceeds from sales of treasury stock 18 26
Payments made under the Tax Receivable Agreement (17)  
Net cash used in financing activities (90) (116)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (16) 14
Net increase in cash, cash equivalents, and restricted cash 3,517 1,881
Cash, cash equivalents, and restricted cash at beginning of period 12,282 10,100
Cash, cash equivalents, and restricted cash at end of period 15,799 11,981
Cash, cash equivalents, and restricted cash    
Cash, cash equivalents, and restricted cash 15,799 11,981
Supplemental disclosures of cash flow information:    
Cash paid for interest 187 327
Cash paid for taxes, net 21 27
Cash paid for amounts included in lease liabilities 10 10
Non-cash financing activities:    
Adjustments to additional paid-in capital for changes in proportionate ownership in IBG LLC 21 24
Adjustments to noncontrolling interests for changes in proportionate ownership in IBG LLC $ (21) $ (24)