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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income $ 551 $ 1,180
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Net gain from securities transactions (765) (1,171)
Purchases of securities (1,325) (2,606)
Proceeds from sales of securities 5,558 3,639
Purchases to cover securities sold, not yet purchased (4,872) (1,150)
Proceeds from securities sold, not yet purchased 781 3,243
Changes in receivables and payables relating to securities transactions (2,088) (90)
Depreciation and amortization 253 220
Deferred taxes (181) (1)
Other, net 47 (35)
Changes in cash held at consolidated affiliated partnerships and restricted cash 3,608 (1,585)
Changes in other operating assets and liabilities (160) (264)
Net cash provided by operating activities 1,407 1,380
Cash flows from investing activities:    
Capital expenditures (429) (218)
Acquisitions of businesses, net of cash acquired (1,291) (35)
Proceeds from sale of investments 170 0
Purchases of investments (210) 0
Other, net 17 7
Net cash used in investing activities (1,743) (246)
Cash flows from financing activities:    
Investment segment distributions (17) (2,073)
Investment segment contributions 0 250
Partnership contributions 510 0
Partnership distributions (20) (31)
Proceeds from issuance of senior unsecured notes 716 0
Proceeds from other borrowings 163 604
Repayments of borrowings (63) (253)
Other, net (22) (14)
Net cash provided by (used in) financing activities 1,267 (1,517)
Effect of exchange rate changes on cash and cash equivalents 0 25
Net increase (decrease) in cash and cash equivalents 931 (358)
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 3,209 2,607
Supplemental information:    
Cash payments for interest, net of amounts capitalized 192 205
Net cash payments for income taxes 50 40
Net unrealized (loss) gain on available-for-sale securities (2) 1
Redemptions payable to non-controlling interests 0 91
Investment in precious metals $ 0 $ 150