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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net income $ 101 $ 596
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Net gain from securities transactions (490) (617)
Purchases of securities (474) (1,405)
Proceeds from sales of securities 4,218 1,114
Purchases to cover securities sold, not yet purchased (4,317) (51)
Proceeds from securities sold, not yet purchased 536 1,669
Changes in receivables and payables relating to securities transactions (2,412) 74
Depreciation and amortization 108 110
Deferred taxes (42) 1
Other, net 13 (15)
Changes in cash held at consolidated affiliated partnerships and restricted cash 2,729 (1,718)
Changes in other operating assets and liabilities 115 (205)
Net cash provided by (used in) operating activities 85 (447)
Cash flows from investing activities:    
Capital expenditures (197) (115)
Acquisitions of businesses, net of cash acquired (3) (31)
Proceeds from sale of investments 170 0
Purchases of investments (210) 0
Other, net 0 7
Net cash used in investing activities (240) (139)
Cash flows from financing activities:    
Investment segment distributions 0 (302)
Partnership contributions 510 0
Partnership distributions (10) (21)
Proceeds from issuance of senior unsecured notes 716 0
Proceeds from other borrowings 174 602
Repayments of borrowings (56) (9)
Other, net (8) 1
Net cash provided by financing activities 1,326 271
Effect of exchange rate changes on cash and cash equivalents 18 19
Net increase (decrease) in cash and cash equivalents 1,189 (296)
Net change in cash of assets held for sale 0 2
Cash and cash equivalents, beginning of period 2,278 2,963
Cash and cash equivalents, end of period 3,467 2,669
Supplemental information:    
Cash payments for interest, net of amounts capitalized 161 162
Net cash payments for income taxes 30 24
Net unrealized gains on available-for-sale securities 3 1
Redemptions payable to non-controlling interests $ 17 $ 1,861