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Financial Assets And Financial Liabilities (Tables)
 12 Months Ended
Dec. 31, 2021
Financial Assets And Financial Liabilities [Abstract]  
Fair Value Table Financial Assets at Fair Value as of December 31, 2021 Level 1 Level 2 Level 3 Total (in millions)Securities segregated for regulatory purposes $ 4,729 $ — $ — $ 4,729Financial instruments owned, at fair value Stocks 548 — — 548Options 22 — — 22U.S. and foreign government securities 54 — — 54Precious metals — 10 — 10Currency forward contracts — 39 — 39Total financial instruments owned, at fair value 624 49 — 673 Other assets 215 — — 215Total financial assets at fair value $ 5,568 $ 49 $ — $ 5,617 Financial Liabilities at Fair Value as of December 31, 2021 Level 1 Level 2 Level 3 Total (in millions)Financial instruments sold, but not yet purchased, at fair value Stocks $ 144 $ — $ — $ 144Options 22 — — 22Precious metals — 6 — 6Currency forward contracts — 10 — 10Total financial instruments sold, but not yet purchased, at fair value 166 16 — 182 Accounts payable, accrued expenses and other liabilities 166 — — 166Total financial liabilities at fair value $ 332 $ 16 $ — $ 348 Financial Assets at Fair Value as of December 31, 2020 Level 1 Level 2 Level 3 Total (in millions)Securities segregated for regulatory purposes $ 4,750 $ — $ — $ 4,750Financial instruments owned, at fair value Stocks 558 — 1 559Options 28 — — 28U.S. and foreign government securities 33 — — 33Corporate bonds — — 1 1Currency forward contracts — 9 — 9Total financial instruments owned, at fair value 619 9 2 630 Other assets 80 — — 80Total financial assets at fair value $ 5,449 $ 9 $ 2 $ 5,460 ‎ Financial Liabilities at Fair Value as of December 31, 2020 Level 1 Level 2 Level 3 Total (in millions)Financial instruments sold, but not yet purchased, at fair value Stocks $ 120 $ — $ — $ 120Options 26 — — 26Currency forward contracts — 7 — 7Total financial instruments sold, but not yet purchased, at fair value 146 7 — 153Total financial liabilities at fair value $ 146 $ 7 $ — $ 153
Financial Assets and Liabilities Not Measured at Fair Value December 31, 2021 Carrying ‎Value Fair ‎Value Level 1 Level 2 Level 3 (in millions)Financial assets, not measured at fair value Cash and cash equivalents $ 2,395  $ 2,395  $ 2,395  $ — $ —Cash - segregated for regulatory purposes 22,888  22,888  22,888  — —Securities - segregated for regulatory purposes 10,392  10,392  — 10,392  —Securities borrowed 3,912  3,912  — 3,912  —Securities purchased under agreements to resell 4,380  4,380  — 4,380  —Receivables from customers 54,935  54,935  — 54,935  —Receivables from brokers, dealers and clearing organizations 3,771  3,771  — 3,771  —Interest receivable 127  127  — 127  —Other assets 20  20  — 2  18 Total financial assets, not measured at fair value $ 102,820  $ 102,820  $ 25,283  $ 77,519  $ 18  Financial liabilities, not measured at fair value Short-term borrowings $ 27  $ 27  $ — $ 27  $ —Securities loaned 11,769  11,769  — 11,769  —Payables to customers 85,634  85,634  — 85,634  —Payables to brokers, dealers and clearing organizations 557  557  — 557  —Interest payable 8  8  — 8  —Total financial liabilities, not measured at fair value $ 97,995  $ 97,995  $ — $ 97,995  $ — ‎ December 31, 2020 Carrying ‎Value Fair ‎Value Level 1 Level 2 Level 3 (in millions)Financial assets, not measured at fair value Cash and cash equivalents $ 4,292  $ 4,292  $ 4,292  $ — $ —Cash - segregated for regulatory purposes 15,903  15,903  15,903  — —Securities - segregated for regulatory purposes 23,071  23,071  — 23,071  —Securities borrowed 4,956  4,956  — 4,956  —Securities purchased under agreements to resell 792  792  — 792  —Receivables from customers 39,333  39,333  — 39,333  —Receivables from brokers, dealers and clearing organizations 1,254  1,254  — 1,254  —Interest receivable 104  104  — 104  —Other assets 13  13  — 2  11 Total financial assets, not measured at fair value $ 89,718  $ 89,718  $ 20,195  $ 69,512  $ 11  Financial liabilities, not measured at fair value Short-term borrowings $ 118  $ 118  $ — $ 118  $ —Securities loaned 9,838  9,838  — 9,838  —Payables to customers 75,882  75,882  — 75,882  —Payables to brokers, dealers and clearing organizations 182  182  — 182  —Interest payable 6  6  — 6  —Total financial liabilities, not measured at fair value $ 86,026  $ 86,026  $ — $ 86,026  $ —
Offsetting Assets And Liabilities . December 31, 2021 Gross Amounts Not Amounts Amounts Net Amounts Offset in the of Financial Offset in the Presented in the Consolidated Statement Assets and Consolidated Consolidated of Financial Condition Liabilities Statement of Statement of Cash or Financial Recognized Financial Condition2 Financial Condition Instruments Net Amount (in millions)Offsetting of financial assets Securities segregated for regulatory purposes - purchased under agreements to resell $ 10,392 1 $ — $ 10,392  $ (10,392) $ —Securities borrowed 3,912  — 3,912  (3,642) 270 Securities purchased under agreements to resell 4,380  — 4,380  (4,380) —Financial instruments owned, at fair value Options 22  — 22  (19) 3 Currency forward contracts 39  — 39  — 39 Total $ 18,745  $ — $ 18,745  $ (18,433) $ 312  (in millions)Offsetting of financial liabilities Securities loaned $ 11,769  $ — $ 11,769  $ (10,992) $ 777 Financial instruments sold, but not yet purchased, at fair value Options 22  — 22  (19) 3 Currency forward contracts 10  — 10  — 10 Total $ 11,801  $ — $ 11,801  $ (11,011) $ 790  ‎ December 31, 2020 Gross Amounts Not AmountsAmounts Net Amounts Offset in the of Financial Offset in the Presented in the Consolidated Statement Assets and Consolidated Consolidated of Financial Condition LiabilitiesStatement of Statement of Cash or Financial Recognized Financial Condition2 Financial Condition Instruments Net Amount (in millions)Offsetting of financial assets Securities segregated for regulatory purposes - purchased under agreements to resell $ 23,071 1 $ — $ 23,071  $ (23,071) $ —Securities borrowed 4,956  — 4,956  (4,716) 240 Securities purchased under agreements to resell 792  — 792  (792) —Financial instruments owned, at fair value Options 28  — 28  (25) 3 Currency forward contracts 9  — 9  — 9 Total $ 28,856  $ — $ 28,856  $ (28,604) $ 252  (in millions)Offsetting of financial liabilities Securities loaned $ 9,838  $ — $ 9,838  $ (9,246) $ 592 Financial instruments sold, but not yet purchased, at fair value Options 26  — 26  (25) 1 Currency forward contracts 7  — 7  — 7 Total $ 9,871  $ — $ 9,871  $ (9,271) $ 600 ___________________________ (1)As of December 31, 2021 and 2020, the Company had $10.4 billion and $23.1 billion, respectively, of securities purchased under agreements to resell that were segregated to satisfy regulatory requirements. These securities are included in “Securities - segregated for regulatory purposes” in the consolidated statements of financial condition.‎(2)The Company did not have any balances eligible for netting in accordance with ASC Topic 210-20 at December 31, 2021 and 2020.
Schedule of Securities Financing Transactions December 31, 2021 Remaining Contractual Maturity Overnight Less than 30 – 90 Over 90 and Open 30 days days days Total (in millions)Securities loaned Stocks $ 11,715  $ — $ — $ — $ 11,715  Corporate bonds 51  — — — 51  Foreign government securities 3  — — — 3 Total securities loaned $ 11,769  $ — $ — $ — $ 11,769  December 31, 2020 Remaining Contractual Maturity Overnight Less than 30 – 90 Over 90 and Open 30 days days days Total (in millions)Securities loaned Stocks $ 9,811  $ — $ — $ — $ 9,811  Corporate bonds 27  — — — 27 Total securities loaned $ 9,838  $ — $ — $ — $ 9,838