XML 54 R37.htm IDEA: XBRL DOCUMENT v3.24.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Taxes [Abstract]

Schedule Of The Provision For Income Taxes

		Year-Ended December 31,
		2023			2022			2021
		(in millions)
Current
Federal		$	104		$	59		$	62
State and local			14			8			8
Foreign			109			69			58
Total current			227			136			128
Deferred
Federal			27			21			15
State and local			4			4			4
Foreign			(1)			(5)			4
Total deferred			30			20			23
		$	257		$	156		$	151

Reconciliation Of The Statutory U.S. Federal Income Tax Rate Of 35% To The Company’s Effective Tax Rate

		Year-Ended December 31,
		2023			2022			2021
U.S. Statutory Tax Rate			21.0%			21.0%			21.0%
State, local and foreign taxes, net of federal benefit			2.5%			2.1%			3.0%
Subtotal			23.5%			23.1%			24.0%
Less: rate attributable to noncontrolling interests			(15.1%)			(15.3%)			(15.6%)
Total			8.4%			7.8%			8.4%

Significant Components Of The Company’s Deferred Tax Assets (Liabilities)

		December 31,
		2023			2022			2021
		(in millions)
Deferred tax assets
Arising from the acquisition of interests in IBG LLC		$	197		$	193		$	209
Deferred compensation			17			14			11
Other			31			34			22
Total deferred tax assets			245			241			242
Deferred tax liabilities
Foreign			4			2			1
Other			10			7			11
Total deferred tax liabilities			14			9			12
Net deferred tax assets		$	231		$	232		$	230

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration