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Consolidated Statements of Financial Condition - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 2,627 $ 4,292
Cash segregated for regulatory purposes 21,204 15,903
Securities - segregated for regulatory purposes 25,069 27,821
Securities borrowed 5,708 4,956
Securities purchased under agreements to resell 1,692 792
Financial instruments owned, at fair value:    
Financial instruments owned 588 544
Financial instruments owned and pledged as collateral 52 86
Total financial instruments owned, at fair value 640 630
Receivables:    
Customers, less allowance for credit losses of $14 and $17 as of March 31, 2021 and December 31, 2020 42,645 39,333
Receivables from brokers, dealers and clearing organizations 3,368 1,254
Interest receivable 116 104
Total receivables 46,129 40,691
Other assets 695 594
Total assets 103,764 95,679
Liabilities and equity    
Short-term borrowings 212 118
Securities loaned 11,867 9,838
Financial instruments sold, not yet purchased, at fair value 191 153
Payables    
Payable to customers 81,204 75,882
Payables to brokers, dealers and clearing organizations 310 182
Affiliate 199 199
Accounts payable, accrued expenses and other liabilities 331 298
Interest Payable 13 6
Total payables 82,057 76,567
Total liabilities 94,327 86,676
Commitments, contingencies and guarantees (see Note 13)
Stockholders' equity    
Additional paid-in capital 1,249 1,244
Retained earnings 781 683
Accumulated other comprehensive income, net of income taxes of $0 and $0 as of March 31, 2021 and December 31, 2020 9 26
Treasury stock, at cost, 152,708 and 136,784 shares as of March 31, 2021 and December 31, 2020 (4) (3)
Total stockholders' equity 2,036 1,951
Noncontrolling interests 7,401 7,052
Total equity 9,437 9,003
Total liabilities and stockholders' equity 103,764 95,679
Common Class A [Member]    
Stockholders' equity    
Common stock, $0.01 par value per share 1 1
Common Class B [Member]    
Stockholders' equity    
Common stock, $0.01 par value per share