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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 799 $ 795
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Deferred income taxes 12 17
Depreciation and amortization 31 21
Amortization of right-of-use assets 14 15
Employee stock plan compensation 46 43
Unrealized (gain) loss on other investments, net (8) (22)
Bad debt expense 13 45
Impairment loss 13 1
Change in operating assets and liabilities:    
Securities - segregated for regulatory purposes (11,492) (5,651)
Securities borrowed (79) (679)
Securities purchased under agreements to resell 1,710 (149)
Financial instruments owned, at fair value 1,456 250
Receivables from customers 948 1,002
Other receivables (1,801) (153)
Other assets (4) (148)
Securities loaned 1,328 (82)
Securities sold under agreements to repurchase (1,909)  
Financial instruments sold but not yet purchased, at fair value (270) 296
Payable to customers 12,582 6,481
Other payables 83 96
Net cash provided by operating activities 3,472 2,178
Cash flows from investing activities:    
Purchases of other investments (2) (19)
Distributions received and proceeds from sales of other investments 5 4
Purchase of property, equipment and intangible assets (31) (62)
Net cash used in investing activities (28) (77)
Cash flows from financing activities:    
Short-term borrowings, net 612 (2)
Dividends paid to stockholders (23) (23)
Distributions from IBG LLC to noncontrolling interests (247) (303)
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) (29)
Net cash provided by (used in) financing activities 326 (358)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 29 (14)
Net increase in cash, cash equivalents, and restricted cash 3,799 1,729
Cash, cash equivalents, and restricted cash at beginning of period 12,282 10,100
Cash, cash equivalents, and restricted cash at end of period 16,081 11,829
Cash, cash equivalents, and restricted cash    
Cash, cash equivalents, and restricted cash 16,081 11,829
Supplemental disclosures of cash flow information:    
Cash paid for interest 232 515
Cash paid for taxes, net 43 41
Cash paid for amounts included in lease liabilities 16 15
Non-cash financing activities:    
Issuance of common stock in exchange of member interests in IBG LLC 52 1
Redemption of member interests from IBG Holdings LLC (52) (1)
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)