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Consolidated Statements of Financial Condition - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 3,218 $ 4,292
Cash segregated for regulatory purposes 22,099 15,903
Securities - segregated for regulatory purposes 15,635 27,821
Securities borrowed 3,630 4,956
Securities purchased under agreements to resell 4,166 792
Financial instruments owned, at fair value:    
Financial instruments owned 657 544
Financial instruments owned and pledged as collateral 69 86
Total financial instruments owned, at fair value 726 630
Receivables:    
Customers, less allowance for credit losses of $10 and $17 as of June 30, 2021 and December 31, 2020 49,954 39,333
Receivables from brokers, dealers and clearing organizations 3,983 1,254
Interest receivable 108 104
Total receivables 54,045 40,691
Other assets 812 594
Total assets 104,331 95,679
Liabilities and equity    
Short-term borrowings 425 118
Securities loaned 11,580 9,838
Financial instruments sold, not yet purchased, at fair value 191 153
Payables    
Payable to customers 81,452 75,882
Payables to brokers, dealers and clearing organizations 207 182
Affiliate 199 199
Accounts payable, accrued expenses and other liabilities 340 298
Interest Payable 9 6
Total payables 82,207 76,567
Total liabilities 94,403 86,676
Commitments, contingencies and guarantees (see Note 13)
Stockholders' equity    
Additional paid-in capital 1,277 1,244
Retained earnings 864 683
Accumulated other comprehensive income, net of income taxes of $0 and $0 as of June 30, 2021 and December 31, 2020 14 26
Treasury stock, at cost, 175,058 and 136,784 shares as of June 30, 2021 and December 31, 2020 (6) (3)
Total stockholders' equity 2,150 1,951
Noncontrolling interests 7,778 7,052
Total equity 9,928 9,003
Total liabilities and stockholders' equity 104,331 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