Jones Financial Companies LLLP (JNFC) 10-Q 14 Nov 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Oct. 28, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Entity Registrant Name	JONES FINANCIAL COMPANIES LLLP
Entity Central Index Key	0000815917
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Limited Partnership Interests Outstanding		1,215,111
Entity File Number	0-16633
Entity Tax Identification Number	43-1450818
Entity Address, Address Line One	12555 Manchester Road
Entity Address, City or Town	Des Peres
Entity Address, State or Province	MO
Entity Address, Postal Zip Code	63131
City Area Code	314
Local Phone Number	515-2000
Entity Incorporation, State or Country Code	MO
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes

Consolidated Statements of Fina

Consolidated Statements of Financial Condition (Unaudited) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
ASSETS:
Cash and cash equivalents	$ 1,850	$ 1,835
Cash and investments segregated under federal regulations	18,685	20,179
Securities purchased under agreements to resell	767	1,529
Receivables from:
Clients	4,641	4,187
Mutual funds, insurance companies and other	857	850
Brokers, dealers and clearing organizations	374	213
Securities owned, at fair value:
Investment securities	1,103	852
Inventory securities	91	38
Lease right-of-use assets	925	922
Fixed assets, at cost, net of accumulated depreciation and amortization	832	725
Other assets	798	878
TOTAL ASSETS	30,923	32,208
Payables to:
Clients	23,111	23,763
Brokers, dealers and clearing organizations	135	112
Accrued compensation and employee benefits	2,074	2,401
Accounts payable, accrued expenses and other	901	1,223
Lease liabilities	955	954
Total liabilities before partnership capital	27,176	28,453
Contingencies (Note 8)
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals and partnership loans	3,510	3,235
Reserve for anticipated withdrawals	(237)	(520)
Total partnership capital subject to mandatory redemption	3,747	3,755
TOTAL LIABILITIES	30,923	32,208
Limited Partnership Capital [Member]
Payables to:
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals and partnership loans	1,216	1,225
Subordinated Limited Partnership Capital [Member]
Payables to:
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals and partnership loans	619	581
General Partnership Capital [Member]
Payables to:
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals and partnership loans	$ 1,675	$ 1,429

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 24, 2021	Sep. 30, 2022	Sep. 24, 2021
Revenue:
Revenue	$ 2,968	$ 3,109	$ 9,040	$ 8,923
Interest and dividends	159	42	279	120
Other (loss) revenue, net	(37)	13	(135)	55
Total revenue	3,090	3,164	9,184	9,098
Interest expense	40	24	87	71
Net revenue	3,050	3,140	9,097	9,027
Operating expenses:
Compensation and benefits	2,153	2,202	6,387	6,389
Occupancy and equipment	146	138	433	407
Communications and data processing	181	132	486	351
Fund sub-adviser fees	63	64	189	179
Professional and consulting fees	45	40	129	105
Other operating expenses	143	164	438	373
Total operating expenses	2,731	2,740	8,062	7,804
Income before allocations to partners	319	400	1,035	1,223
Allocations to partners:
Limited partners	37	52	122	159
Subordinated limited partners	38	47	122	145
General partners	244	301	791	919
Net Income (Loss) Attributable to Parent, Total	$ 0	$ 0	$ 0	$ 0
Income allocated to limited partners per weighted average $1,000 equivalent limited partnership unit outstanding	$ 30.76	$ 42.13	$ 99.98	$ 128.87
Weighted average $1,000 equivalent limited partnership units outstanding	1,217,423	1,229,280	1,222,023	1,232,521
Total Fee Revenue [Member]
Revenue:
Revenue	$ 2,613	$ 2,707	$ 7,904	$ 7,642
Asset-based Fee Revenue [Member]
Revenue:
Revenue	2,438	2,535	7,385	7,129
Account and Activity Fee Revenue [Member]
Revenue:
Revenue	175	172	519	513
Trade Revenue [Member]
Revenue:
Revenue	$ 355	$ 402	$ 1,136	$ 1,281

Consolidated Statements of In_2

Consolidated Statements of Income (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 24, 2021	Sep. 30, 2022	Sep. 24, 2021
Income Statement [Abstract]
Limited partnership interest value	$ 1,000	$ 1,000	$ 1,000	$ 1,000

Consolidated Statements of Chan

Consolidated Statements of Changes in Partnership Capital Subject to Mandatory Redemption (Unaudited) - USD ($) $ in Millions	Total	Limited Partnership Capital [Member]	Subordinated Limited Partnership Capital [Member]	General Partnership Capital [Member]
TOTAL PARTNERSHIP CAPITAL SUBJECT TO MANDATORY REDEMPTION at Dec. 31, 2020	$ 3,589	$ 1,362	$ 594	$ 1,633
Reserve for anticipated withdrawals at Dec. 31, 2020	(514)	(125)	(56)	(333)
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals at Dec. 31, 2020	3,075	1,237	538	1,300
Partnership loans outstanding at beginning of year at Dec. 31, 2020	341	0	1	340
Total partnership capital, including capital financed with partnership loans, net of reserve for anticipated withdrawals at Dec. 31, 2020	3,416	1,237	539	1,640
Issuance of partnership interests	274	3	60	211
Redemption of partnership interests	(71)	(5)	(16)	(50)
Income allocated to partners	380	49	46	285
Distributions	(3)	0	0	(3)
Total partnership capital, including capital financed with partnership loans at Mar. 26, 2021	3,996	1,284	629	2,083
Issuance of partnership interests	11	2	0	9
Redemption of partnership interests	(13)	(5)	0	(8)
Income allocated to partners	443	58	52	333
Distributions	(489)	(10)	(82)	(397)
Total partnership capital, including capital financed with partnership loans at Jun. 25, 2021	3,948	1,329	599	2,020
Issuance of partnership interests	3	0	1	2
Redemption of partnership interests	(34)	(4)	(3)	(27)
Income allocated to partners	400	52	47	301
Distributions	(288)	(1)	(47)	(240)
Total partnership capital, including capital financed with partnership loans at Sep. 24, 2021	4,029	1,376	597	2,056
Partnership loans outstanding at end of period at Sep. 24, 2021	(336)	0	0	(336)
TOTAL PARTNERSHIP CAPITAL SUBJECT TO MANDATORY REDEMPTION at Sep. 24, 2021	3,693	1,376	597	1,720
Reserve for anticipated withdrawals at Sep. 24, 2021	(317)	(148)	(16)	(153)
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals at Sep. 24, 2021	3,376	1,228	581	1,567
TOTAL PARTNERSHIP CAPITAL SUBJECT TO MANDATORY REDEMPTION at Dec. 31, 2021	3,755	1,361	640	1,754
Reserve for anticipated withdrawals at Dec. 31, 2021	(520)	(136)	(59)	(325)
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals at Dec. 31, 2021	3,235	1,225	581	1,429
Partnership loans outstanding at beginning of year at Dec. 31, 2021	321	0	0	321
Total partnership capital, including capital financed with partnership loans, net of reserve for anticipated withdrawals at Dec. 31, 2021	3,556	1,225	581	1,750
Issuance of partnership interests	320	4	52	264
Redemption of partnership interests	(60)	(5)	(17)	(38)
Income allocated to partners	361	43	43	275
Distributions	(13)	(1)	0	(12)
Total partnership capital, including capital financed with partnership loans at Mar. 25, 2022	4,164	1,266	659	2,239
Issuance of partnership interests	8	0	0	8
Redemption of partnership interests	(19)	(3)	(1)	(15)
Income allocated to partners	355	42	41	272
Distributions	(427)	(9)	(71)	(347)
Total partnership capital, including capital financed with partnership loans at Jun. 24, 2022	4,081	1,296	628	2,157
Issuance of partnership interests	11	0	6	5
Redemption of partnership interests	(60)	(5)	(2)	(53)
Income allocated to partners	319	37	38	244
Distributions	(250)	(1)	(41)	(208)
Total partnership capital, including capital financed with partnership loans at Sep. 30, 2022	4,101	1,327	629	2,145
Partnership loans outstanding at end of period at Sep. 30, 2022	(354)	0	0	(354)
TOTAL PARTNERSHIP CAPITAL SUBJECT TO MANDATORY REDEMPTION at Sep. 30, 2022	3,747	1,327	629	1,791
Reserve for anticipated withdrawals at Sep. 30, 2022	(237)	(111)	(10)	(116)
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals at Sep. 30, 2022	$ 3,510	$ 1,216	$ 619	$ 1,675

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 24, 2021
Adjustments to reconcile net income to net cash provided by operating activities:
Income before allocations to partners	$ 1,035	$ 1,223
Depreciation and amortization	361	334
Changes in assets and liabilities:
Investments segregated under federal regulations	1,655	298
Securities purchased under agreements to resell	762	214
Net payable to clients	(1,106)	(537)
Net receivable from brokers, dealers and clearing organizations	(138)	(49)
Receivable from mutual funds, insurance companies and other	(7)	1
Securities owned	(304)	576
Other assets	80	(92)
Lease liabilities	(243)	(239)
Accrued compensation and employee benefits	(327)	155
Accounts payable, accrued expenses and other	(321)	42
Net cash provided by operating activities	1,447	1,926
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of equipment, property and improvements	(228)	(130)
Cash used in investing activities	(228)	(130)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of partnership loans	70	44
Issuance of partnership interests	63	66
Redemption of partnership interests	(139)	(118)
Distributions from partnership capital	(1,037)	(1,111)
Net cash used in financing activities	(1,043)	(1,119)
Net increase in cash, cash equivalents and restricted cash	176	677
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:
Beginning of period	7,706	6,875
End of period	$ 7,882	$ 7,552

Introduction and Basis of Prese

Introduction and Basis of Presentation	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Introduction and Basis of Presentation	NOTE 1 – INTRODUCTION AND BASIS OF PRESENTATION The accompanying Consolidated Financial Statements include the accounts of The Jones Financial Companies, L.L.L.P. and all wholly-owned subsidiaries (collectively, the “Partnership” or "JFC"). The financial position of the Partnership’s subsidiaries in Canada as of August 31, 2022 and November 30, 2021 are included in the Partnership’s Consolidated Statements of Financial Condition and the results for the three- and nine-month periods ended August 31, 2022 and 2021 are included in the Partnership’s Consolidated Statements of Income, Consolidated Statements of Changes in Partnership Capital Subject to Mandatory Redemption, and Consolidated Statements of Cash Flows because of the timing of the Partnership’s financial reporting process. The Partnership’s principal operating subsidiary, Edward D. Jones & Co., L.P. (“Edward Jones”), is a registered broker-dealer and investment adviser in the United States (“U.S.”), and one of Edward Jones’ subsidiaries, Edward Jones (an Ontario limited partnership) ("EJ Canada"), is a registered broker-dealer in Canada. Through these entities, the Partnership primarily serves individual investors in the U.S. and Canada. Edward Jones is a retail brokerage business and primarily derives revenues from fees for providing investment advisory and other account services to its clients, fees for assets held by clients and commissions for the distribution of mutual fund shares and insurance products and the purchase or sale of securities. The Partnership conducts business throughout the U.S. and Canada with its clients, various brokers, dealers, clearing organizations, depositories and banks. For financial information related to the Partnership’s two operating segments for the three- and nine-month periods ended September 30, 2022 and September 24, 2021, see Note 9 to the Consolidated Financial Statements. Trust services are offered to Edward Jones’ U.S. clients through Edward Jones Trust Company (“Trust Co.”), a wholly-owned subsidiary of the Partnership. Olive Street Investment Advisers, LLC ("Olive Street"), a wholly-owned subsidiary of the Partnership, provides investment advisory services to the eleven sub-advised mutual funds comprising the Bridge Builder® Trust. Passport Research, Ltd. ("Passport"), a wholly-owned subsidiary of Edward Jones, currently provides investment advisory services to the sub-advised Edward Jones Money Market Fund (the "Money Market Fund"). Effective November 2, 2022, the Money Market Fund's Board of Trustees approved the transition of its investment advisory services from Passport to Olive Street, which has no impact on the Consolidated Financial Statements. The Partnership plans to dissolve Passport following the completion of this transition. The Consolidated Financial Statements have been prepared on the accrual basis of accounting in conformity with U.S. generally accepted accounting principles, which require the use of certain estimates by management in determining the Partnership’s assets, liabilities, revenues and expenses. Actual results could differ from these estimates. Certain prior period balances have been adjusted to align to current year presentation. The interim financial information included herein is unaudited. However, in the opinion of management, such information includes all adjustments, consisting primarily of normal recurring accruals, which are necessary for a fair statement of the results of interim operations. The Partnership evaluated subsequent events for recognition or disclosure through November 14, 2022, which was the date these Consolidated Financial Statements were available to be issued, and identified no matters requiring disclosure other than as disclosed above, in Note 5 and Note 8. There have been no material changes to the Partnership’s significant accounting policies or disclosures of recently issued accounting standards as described in Part II, Item 8 – Financial Statements and Supplementary Data – Note 1 of the Partnership's Annual Report on Form 10-K for the year ended December 31, 2021 (the "Annual Report"). The results of operations for the three- and nine- month periods ended September 30, 2022 are not necessarily indicative of the results to be expected for the year ending December 31, 2022. These unaudited Consolidated Financial Statements should be read in conjunction with Management's Discussion and Analysis of Financial Condition and Results of Operations and the Consolidated Financial Statements and notes thereto included in the Annual Report.

Leases

Leases	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Leases	NOTE 2 – LEASES For the three- and nine-month periods ended September 30, 2022 and September 24, 2021, cash paid for amounts included in the measurement of operating lease liabilities was $ 82 and $ 243 and $ 79 and $ 239 , respectively, and lease right-of-use assets obtained in exchange for new operating lease liabilities were $ 95 and $ 251 and $ 85 and $ 240 , respectively. The weighted-average remaining lease term was four years as of both September 30, 2022 and December 31, 2021 , and the weighted-average discount rate was 2.3 % and 2.1 %, respectively. The following table summarizes the Partnership's operating lease cost, variable lease cost not included in the lease liability and total lease cost for the: Three Months Ended Nine Months Ended September 30, 2022 September 24, 2021 September 30, 2022 September 24, 2021 Operating lease cost $ 82 $ 80 $ 245 $ 238 Variable lease cost 15 15 47 44 Total lease cost $ 97 $ 95 $ 292 $ 282 The Partnership's future undiscounted cash outflows for operating leases are summarized below as of: September 30, 2022 2022 $ 81 2023 296 2024 233 2025 172 2026 114 Thereafter 112 Total lease payments 1,008 Less: Interest 53 Total present value of lease liabilities $ 955 While the rights and obligations for leases that have not yet commenced are not significant, the Partnership regularly enters into new branch office leases.

Receivables and Revenue

Receivables and Revenue	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Receivables and Revenue	NOTE 3 – RECEIVABLES AND REVENUE As of September 30, 2022 and December 31, 2021, collateral held for receivables from clients was $ 5,416 and $ 4,803 , respectively, and collateral held for securities purchased under agreements to rese ll was $ 777 and $ 1,526 , respectively. Given the nature of the agreements, the Partnership does not expect the fair value of collateral to fall below the value of the agreements frequently or for an extended period of time. Therefore, the expected credit loss was zero for each period. Additionally, partnership loan values remained below the value of capital allocated to partners, resulting in an expected credit loss of zero as of September 30, 2022 and December 31, 2021. As of September 30, 2022, December 31, 2021 and December 31, 2020, $ 614 , $ 695 and $ 563 , respectively, of the receivable from clients balance and $ 310 , $ 335 and $ 285 , respectively, of the receivable from mutual funds, insurance companies and other balance related to revenue contracts with customers. The related fees are paid out of client accounts or third-party products consisting of cash and securities, and the collateral value of those accounts continues to exceed the amortized cost basis of these receivables, resulting in a remote risk of loss. The expected credit loss for receivables from contracts with customers was zero as of September 30, 2022 and December 31, 2021. The Partnership deriv ed 11 % and 12 % of its total revenue for the three- and nine-month periods ended September 30, 2022, respectively, and 13 % and 12 % of its total revenue for the three- and nine-month periods ended September 24, 2021, respectively, from one mutual fund company. The revenue generated from this company relates to business conducted with the Partnership’s U.S. segment. The following table s hows the Partnership's disaggregated revenue information. See Note 9 for segment information. Three Months Ended September 30, 2022 Three Months Ended September 24, 2021 U.S. Canada Total U.S. Canada Total Fee revenue: Asset-based fee revenue: Advisory programs fees $ 1,784 $ 37 $ 1,821 $ 1,904 $ 34 $ 1,938 Service fees 340 26 366 403 29 432 Other asset-based fees 251 — 251 165 — 165 Total asset-based fee revenue 2,375 63 2,438 2,472 63 2,535 Account and activity fee revenue: Shareholder accounting services 116 — 116 109 — 109 Other account and activity fee 55 4 59 59 4 63 Total account and activity fee 171 4 175 168 4 172 Total fee revenue 2,546 67 2,613 2,640 67 2,707 Trade revenue: Commissions 291 10 301 381 11 392 Principal transactions 51 3 54 9 1 10 Total trade revenue 342 13 355 390 12 402 Total revenue from customers 2,888 80 2,968 3,030 79 3,109 Net interest and dividends and other 67 15 82 22 9 31 Net revenue $ 2,955 $ 95 $ 3,050 $ 3,052 $ 88 $ 3,140 Nine Months Ended September 30, 2022 Nine Months Ended September 24, 2021 U.S. Canada Total U.S. Canada Total Fee revenue: Asset-based fee revenue: Advisory programs fees $ 5,478 $ 111 $ 5,589 $ 5,326 $ 92 $ 5,418 Service fees 1,073 83 1,156 1,157 83 1,240 Other asset-based fees 640 — 640 471 — 471 Total asset-based fee revenue 7,191 194 7,385 6,954 175 7,129 Account and activity fee revenue: Shareholder accounting services 340 — 340 325 — 325 Other account and activity fee 168 11 179 177 11 188 Total account and activity fee 508 11 519 502 11 513 Total fee revenue 7,699 205 7,904 7,456 186 7,642 Trade revenue: Commissions 995 36 1,031 1,212 39 1,251 Principal transactions 100 5 105 28 2 30 Total trade revenue 1,095 41 1,136 1,240 41 1,281 Total revenue from customers 8,794 246 9,040 8,696 227 8,923 Net interest and dividends and other 26 31 57 89 15 104 Net revenue $ 8,820 $ 277 $ 9,097 $ 8,785 $ 242 $ 9,027

Fair Value

Fair Value	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value	NOTE 4 – FAIR VALUE The Partnership's valuation methodologies for financial assets and financial liabilities measured at fair value and the fair value hierarchy are described in Part II, Item 8 – Financial Statements and Supplementary Data – Note 1 of the Partnership's Annual Report. There have been no material changes to the Partnership's valuation methodologies since December 31, 2021. The Partnership records fractional shares at fair value in other assets with associated liabilities in accounts payable, accrued expenses and other in the Consolidated Statements of Financial Condition. The liabilities are initially recorded at the dollar amount received from the clients, but the Partnership makes an election to record the liabilities at fair value. Changes in the fair value of the assets and liabilities offset in other revenue in the Consolidated Statements of Income, with no impact on income before allocations to partners. The Partnership did no t have any assets or liabilities categorized as Level III during the nine- and twelve-month periods ended September 30, 2022 and December 31, 2021, respectively. The following tables show the Partnership’s financial assets and liabilities measured at fair value as of: September 30, 2022 Level I Level II Level III Total Assets: Cash equivalents: Certificates of deposit $ — $ 246 $ — $ 246 Money market funds 41 — — 41 Total cash equivalents $ 41 $ 246 $ — $ 287 Investments segregated under federal regulations: U.S. treasuries $ 12,253 $ — $ — $ 12,253 Certificates of deposit — 400 — 400 Total investments segregated under federal regulations $ 12,253 $ 400 $ — $ 12,653 Securities owned: Investment securities: Government and agency obligations $ 807 $ — $ — $ 807 Mutual funds (1) 289 — — 289 Equities 7 — — 7 Total investment securities $ 1,103 $ — $ — $ 1,103 Inventory securities: Equities $ 24 $ — $ — $ 24 Municipal obligations — 22 — 22 Corporate bonds and notes — 20 — 20 Certificates of deposit — 17 — 17 Mutual funds 8 — — 8 Total inventory securities $ 32 $ 59 $ — $ 91 Other assets: Client fractional share ownership assets $ 593 $ — $ — $ 593 Liabilities: Accounts payable, accrued expenses and other: Client fractional share redemption obligations $ 593 $ — $ — $ 593 December 31, 2021 Level I Level II Level III Total Assets: Cash equivalents: Certificates of deposit $ — $ 266 $ — $ 266 Money market funds 47 — — 47 Total cash equivalents $ 47 $ 266 $ — $ 313 Investments segregated under federal regulations: U.S. treasuries $ 13,908 $ — $ — $ 13,908 Certificates of deposit — 400 — 400 Total investments segregated under federal regulations $ 13,908 $ 400 $ — $ 14,308 Securities owned: Investment securities: Government and agency obligations $ 413 $ — $ — $ 413 Mutual funds (1) 366 — — 366 Equities 3 — — 3 Certificates of deposit — 70 — 70 Total investment securities $ 782 $ 70 $ — $ 852 Inventory securities: Equities $ 18 $ — $ — $ 18 Municipal obligations — 9 — 9 Certificates of deposit — 6 — 6 Corporate bonds and notes — 3 — 3 Mutual funds 2 — — 2 Total inventory securities $ 20 $ 18 $ — $ 38 Other assets: Client fractional share ownership assets $ 710 $ — $ — $ 710 Liabilities: Accounts payable, accrued expenses and other: Client fractional share redemption obligations $ 710 $ — $ — $ 710 (1) The mutual funds balance consists primarily of securities held to economically hedge future liabilities for the non-qualified deferred compensation plan. The balance also includes a security held for regulatory purposes at the Trust Co.

Lines of Credit

Lines of Credit	9 Months Ended
	Sep. 30, 2022
Proceeds from Lines of Credit [Abstract]
Lines of Credit	NOTE 5 - LINES OF CREDIT The following table shows the composition of the Partnership’s aggregate bank lines of credit in place as of: September 30, 2022 December 31, 2021 2018 Credit Facility $ 500 $ 500 Uncommitted secured credit facilities 390 390 Total bank lines of credit $ 890 $ 890 In accordance with the terms of the Partnership's $ 500 committed revolving line of credit (the "2018 Credit Facility") entered into in September 2018, which was replaced by a new line of credit in October 2022 (discussed below). Under the 2018 Credit Facility, the Partnership was required to maintain a leverage ratio of no more than 35 % and minimum Partnership capital, net of reserve for anticipated withdrawals and Partnership loans, of at least $ 1,884 . In addition, Edward Jones was required to maintain a minimum tangible net worth of at least $ 1,344 and minimum regulatory net capital of at least 6 % of aggregate debit items as calculated under the alternative method. The Partnership had the ability to draw on various types of loans. The associated interest rate depended on the type of loan, duration of the loan, whether the loan is secured or unsecured and the amount of leverage. Contractual rates were based on an index rate plus the applicable spread. The 2018 Credit Facility was intended to provide short-term liquidity to the Partnership should the need have arisen. As of September 30, 2022, the Partnership was in compliance with all covenants related to the 2018 Credit Facility. There were no amounts outstanding on the 2018 Credit Facility or the uncommitted lines of credit as of September 30, 2022 and December 31, 2021. In addition, the Partnership did not have any draws against these lines of credit during the nine-month period ended September 30, 2022, except for periodically testing draw procedures. In October 2022, the Partnership entered into a new $ 500 committed revolving line of credit (the "2022 Credit Facility"), which replaced the 2018 Credit Facility and has an October 2027 expiration date. In accordance with the terms of the 2022 Credit Facility, the Partnership is required to maintain a leverage ratio of no more than 35 % and minimum Partnership capital, net of reserve for anticipated withdrawals and Partnership loans, of at least $ 2,809 . In addition, Edward Jones is required to maintain a minimum tangible net worth of at least $ 1,594 , which may be reduced up to 10% if Edward Jones makes a one-time distribution to JFC within 90 days from the effective date of the agreement, and a minimum regulatory net capital of at least 6 % of aggregate debit items as calculated under the alternative method. The Partnership has the ability to draw on various types of loans. The associated interest rate depends on the type of loan, duration of the loan and the amount of leverage. Contractual rates are based on an index rate plus the applicable spread. The 2022 Credit Facility is intended to provide short-term liquidity to the Partnership should the need arise.

Partnership Capital Subject to

Partnership Capital Subject to Mandatory Redemption	9 Months Ended
	Sep. 30, 2022
Partners' Capital Notes [Abstract]
Partnership Capital Subject to Mandatory Redemption	NOTE 6 – PARTNERSHIP CAPITAL SUBJECT TO MANDATORY REDEMPTION The Partnership makes loans available to those general partners and, in limited circumstances, subordinated limited partners (in each case, other than members of the Enterprise Leadership Team ("ELT"), as defined in the Partnership’s Twenty-First Amended and Restated Agreement of Registered Limited Liability Limited Partnership, dated September 1, 2021 (the “Partnership Agreement”)), who require financing for some or all of their Partnership capital contributions. In limited circumstances a general partner may withdraw from the Partnership and become a subordinated limited partner while he or she still has an outstanding Partnership loan. It is anticipated that, of the future general and subordinated limited partnership capital contributions (in each case, other than for ELT members) requiring financing, the majority will be financed through Partnership loans. Loans made by the Partnership to such partners are generally for a period of one year but are expected to be renewed and bear interest at the greater of the Prime Rate for the last business day of the prior fiscal month or 3.25 %. The Partnership recognizes interest income for the interest earned related to these loans. The outstanding amount of Partnership loans is reflected as a reduction to total Partnership capital. As of September 30, 2022 and December 31, 2021, the outstanding amount of Partnership loans was $ 354 and $ 321 , respectively. Interest income earned from these loans, which is included in interest and dividends in the Consolidated Statements of Income, was $ 5 and $ 12 for the three- and nine-month periods ended September 30, 2022, respectively, and $ 3 and $ 10 for the three- and nine-month periods ended September 24, 2021, respectively. The following table shows the roll forward of outstanding Partnership loans for the: Nine Months Ended September 30, 2022 September 24, 2021 Partnership loans outstanding at beginning of period $ 321 $ 341 Partnership loans issued during the period 276 222 Repayment of Partnership loans during the period ( 243 ) ( 227 ) Total Partnership loans outstanding $ 354 $ 336 The minimum 7.5 % annual return on the face amount of limited partnership capital was $ 23 and $ 69 for both the three- and nine-month periods ended September 30, 2022 and September 24, 2021, respectively. These amounts are included as a component of interest expense in the Consolidated Statements of Income. The Partnership filed a Registration Statement on Form S-8 with the U.S. Securities and Exchange Commission (“SEC”) on January 12, 2018, to register $ 450 units of limited partnership interest ("Interests") issuable pursuant to the Partnership's 2018 Employee Limited Partnership Interest Purchase Plan (the "2018 Plan"). The Partnership issued approximately $ 5 and $ 4 of Interests under the 2018 Plan in the year ended December 31, 2021 and the first nine months of 2022, respectively. The Partnership plans to terminate the 2018 Plan in 2022 and deregister all remaining unsold Interests under the 2018 Plan. Before the 2018 Plan is terminated, the Partnership may issue the remaining $ 60 of Interests under that plan at the discretion of the Managing Partner. The Partnership filed a Registration Statement on Form S-8 with the SEC on December 8, 2021, to register an additional $ 700 of Interests issuable pursuant to the Partnership's 2021 Employee Limited Partnership Interest Purchase Plan (the "2021 Plan"). The Partnership's initial offering under the 2021 Plan is expected to close in January 2023. Proceeds from the offering under the 2021 Plan are expected to be used to meet growth needs or for other purposes.

Net Capital Requirements

Net Capital Requirements	9 Months Ended
	Sep. 30, 2022
Broker-Dealer [Abstract]
Net Capital Requirements	NOTE 7 – NET CAPITAL REQUIREMENTS As a result of its activities as a U.S. broker-dealer, Edward Jones is subject to the net capital provisions of Rule 15c3-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and capital compliance rules of the Financial Industry Regulatory Authority ("FINRA"). Under the alternative method permitted by the rules, Edward Jones must maintain minimum net capital equal to the greater of $ 0.25 or 2 % of aggregate debit items arising from client transactions. The net capital rules also provide that Edward Jones’ partnership capital may not be withdrawn if resulting net capital would be less than minimum requirements. Additionally, certain withdrawals require the approval of the SEC and FINRA to the extent they exceed defined levels, even though such withdrawals would not cause net capital to be less than minimum requirements. EJ Canada is a registered broker-dealer regulated by the Investment Industry Regulatory Organization of Canada (“IIROC”). Under the regulations prescribed by IIROC, EJ Canada is required to maintain minimum levels of risk-adjusted capital, which are dependent on the nature of EJ Canada's assets and operations. The following table shows the Partnership’s capital figures for its U.S. and Canada broker-dealers as of: September 30, 2022 December 31, 2021 U.S.: Net capital $ 1,400 $ 1,421 Net capital in excess of the minimum required $ 1,321 $ 1,352 Net capital as a percentage of aggregate debit 35.4 % 41.3 % Net capital after anticipated capital withdrawals, 19.2 % 20.7 % Canada: Regulatory risk-adjusted capital $ 92 $ 71 Regulatory risk-adjusted capital in excess of the $ 91 $ 50 U.S. net capital, Canada regulatory risk-adjusted capital and the related capital percentages may fluctuate on a daily basis.

Contingencies Open

Contingencies Open	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Contingencies	NOTE 8 – CONTINGENCIES In the normal course of its business, the Partnership is involved, from time to time, in various legal and regulatory matters, including arbitrations, class actions, other litigation, and examinations, investigations and proceedings by governmental authorities, self-regulatory organizations and other regulators, which may result in losses. These matters include: Securities Class Action. On March 30, 2018, Edward Jones and its affiliated entities and individuals were named as defendants in a putative class action ( Anderson, et al. v. Edward D. Jones & Co., L.P., et al.) filed in the U.S. District Court for the Eastern District of California. The lawsuit originally was brought under the Securities Act of 1933, as amended (the "Securities Act"), and the Exchange Act, as well as Missouri and California law and alleges that the defendants inappropriately transitioned client assets from commission-based accounts to fee-based programs. The plaintiffs requested declaratory, equitable, and exemplary relief, and compensatory damages. On July 9, 2019, the district court entered an order dismissing the lawsuit in its entirety without prejudice. On July 29, 2019, the plaintiffs filed a second amended complaint, which eliminated certain defendants, withdrew the Securities Act claims, added claims under the Investment Advisers Act of 1940, as amended (the "Investment Advisers Act"), and certain additional state law claims, and reasserted the remaining claims with modified allegations. The defendants filed a motion to dismiss, the plaintiffs subsequently withdrew their Investment Advisers Act claims, and on November 12, 2019, the district court granted the defendants' motion to dismiss all other claims. The plaintiffs appealed the district court's dismissal of certain of their state law claims on jurisdictional grounds but did not appeal the dismissal of the remaining claims. On March 4, 2021, the U.S. Court of Appeals for the Ninth Circuit reversed the district court's dismissal of those state law claims. After further appellate proceedings in the Ninth Circuit, defendants filed a petition for certiorari with the U.S. Supreme Court, which was denied on January 18, 2022. On February 2, 2022, the defendants filed a renewed motion to dismiss the plaintiffs' remaining state law claims. On May 9, 2022, the court dismissed the second amended complaint without prejudice. On May 31, 2022, the plaintiffs filed a third amended complaint alleging a single claim of breach of fiduciary duty under Missouri and California law against a single defendant, Edward Jones, which Edward Jones moved to dismiss on June 21, 2022. The district court denied the motion to dismiss in an order filed on October 26, 2022. Edward Jones denies the plaintiffs' allegations and intends to continue to vigorously defend this lawsuit. Gender and Race Discrimination Class Action . On March 9, 2022, Edward Jones and JFC were named as defendants in a lawsuit ( Dixon, et al. v. Edward D. Jones & Co., L.P., et al. ) filed in the U.S. District Court for the Eastern District of Missouri. The lawsuit was brought by a current financial advisor as a putative collective action alleging gender discrimination under the FLSA, and by a former financial advisor as a putative class action alleging race discrimination under 42 U.S.C. § 1981. On April 25, 2022, the plaintiffs filed an amended complaint reasserting the original claims with modified allegations and adding claims under Title VII of the Civil Rights Act of 1964 alleging race/national origin, gender, and sexual orientation discrimination on behalf of putative classes of financial advisors. The defendants filed a motion to dismiss on May 23, 2022, and on September 15, 2022, the court stayed further proceedings in the case pending a decision on the motion to dismiss. Edward Jones and JFC deny the allegations and intend to vigorously defend this lawsuit. In addition to these matters, the Partnership provides for potential losses that may arise related to other contingencies. The Partnership assesses its liabilities and contingencies utilizing available information. The Partnership accrues for potential losses for those matters where it is probable that the Partnership will incur a potential loss to the extent that the amount of such potential loss can be reasonably estimated, in accordance with Financial Accounting Standards Board Accounting Standards Codification No. 450, Contingencies. This liability represents the Partnership’s estimate of the probable loss as of September 30, 2022 , after considering, among other factors, the progress of each case, the Partnership's experience with other legal and regulatory matters and discussion with legal counsel, and is believed to be sufficient. The aggregate accrued liability is recorded within the accounts payable, accrued expenses and other line of the Consolidated Statements of Financial Condition and may be adjusted from time to time to reflect any relevant developments . For such matters where an accrued liability has not been established and the Partnership believes a loss is both reasonably possible and estimable, as well as for matters where an accrued liability has been recorded but for which an exposure to loss in excess of the amount accrued is both reasonably possible and estimable, the current estimated aggregated range of additional possible loss is up to $ 8 as of September 30, 2022. This range of reasonably possible loss does not necessarily represent the Partnership's maximum loss exposure as the Partnership was not able to estimate a range of reasonably possible loss for all matters. Further, the matters underlying any disclosed estimated range will change from time to time, and actual results may vary significantly. While the outcome of these matters is inherently uncertain, based on information currently available, the Partnership believes that its established liabilities at September 30, 2022 are adequate, and the liabilities arising from such matters will not have a material adverse effect on the consolidated financial position, results of operations or cash flows of the Partnership. However, based on future developments and the potential unfavorable resolution of these matters, the outcome could be material to the Partnership’s future consolidated operating results for a particular period or periods.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Segment Information	NOTE 9 – SEGMENT INFORMATION The Partnership has determined it has two operating and reportable segments based upon geographic location, the U.S. and Canada. Canada segment information, as reported in the following table, is based upon the consolidated financial statements of the Partnership's Canada operations, which primarily occur through a non-guaranteed subsidiary of the Partnership. The U.S. segment information is derived from the Consolidated Financial Statements less the Canada segment information as presented. Pre-variable income represents income before variable compensation expense and before allocations to partners. This is consistent with how management reviews the segments to assess performance. The following table shows financial information for the Partnership’s reportable segments: Three Months Ended Nine Months Ended September 30, 2022 September 24, 2021 September 30, 2022 September 24, 2021 Net revenue: U.S. $ 2,955 $ 3,052 $ 8,820 $ 8,785 Canada 95 88 277 242 Total net revenue $ 3,050 $ 3,140 $ 9,097 $ 9,027 Pre-variable income: U.S. $ 709 $ 884 $ 2,283 $ 2,640 Canada 24 22 60 43 Total pre-variable income $ 733 $ 906 $ 2,343 $ 2,683 Variable compensation: U.S. $ 405 $ 496 $ 1,275 $ 1,429 Canada 9 10 33 31 Total variable compensation $ 414 $ 506 $ 1,308 $ 1,460 Income before allocations to partners: U.S. $ 304 $ 388 $ 1,008 $ 1,211 Canada 15 12 27 12 Total income before allocations to partners $ 319 $ 400 $ 1,035 $ 1,223

Offsetting Assets and Liabiliti

Offsetting Assets and Liabilities	9 Months Ended
	Sep. 30, 2022
Offsetting [Abstract]
Offsetting Assets and Liabilities	NOTE 10 – OFFSETTING ASSETS AND LIABILITIES The Partnership does not offset financial instruments in the Consolidated Statements of Financial Condition. However, the Partnership enters into master netting arrangements with counterparties for securities purchased under agreements to resell that are subject to net settlement in the event of default. These agreements create a right of offset for the amounts due to and due from the same counterparty in the event of default or bankruptcy. The following table shows the Partnership's securities purchased under agreements to resell as of: Gross Gross of Net amounts in the of Gross amounts not offset Statements of recognized Financial Financial Financial Securities Net September 30, 2022 $ 767 — 767 — ( 767 ) $ — December 31, 2021 $ 1,529 — 1,529 — ( 1,526 ) $ 3

Cash Flow Information

Cash Flow Information	9 Months Ended
	Sep. 30, 2022
Supplemental Cash Flow Elements [Abstract]
Cash Flow Information	NOTE 11 – CASH FLOW INFORMATION The following table shows supplemental cash flow information for the: Nine Months Ended September 30, 2022 September 24, 2021 Non-cash activities: Issuance of general partnership interests through $ 276 $ 222 Repayment of partnership loans through distributions from $ 173 $ 183 The following table reconciles certain line items on the Consolidated Statements of Financial Condition to the cash, cash equivalents and restricted cash balance on the Consolidated Statements of Cash Flows as of: September 30, 2022 September 24, 2021 Cash and cash equivalents $ 1,850 $ 1,731 Cash and investments segregated under federal regulations 18,685 17,691 Less: Investments segregated under federal regulations 12,653 11,870 Total cash, cash equivalents and restricted cash $ 7,882 $ 7,552 Restricted cash represents cash segregated in special reserve bank accounts for the benefit of U.S. clients pursuant to Rule 15c3-3 under the Exchange Act.

Introduction and Basis of Pre_2

Introduction and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
The Partnership's Business and Basis of Accounting	The accompanying Consolidated Financial Statements include the accounts of The Jones Financial Companies, L.L.L.P. and all wholly-owned subsidiaries (collectively, the “Partnership” or "JFC"). The financial position of the Partnership’s subsidiaries in Canada as of August 31, 2022 and November 30, 2021 are included in the Partnership’s Consolidated Statements of Financial Condition and the results for the three- and nine-month periods ended August 31, 2022 and 2021 are included in the Partnership’s Consolidated Statements of Income, Consolidated Statements of Changes in Partnership Capital Subject to Mandatory Redemption, and Consolidated Statements of Cash Flows because of the timing of the Partnership’s financial reporting process. The Partnership’s principal operating subsidiary, Edward D. Jones & Co., L.P. (“Edward Jones”), is a registered broker-dealer and investment adviser in the United States (“U.S.”), and one of Edward Jones’ subsidiaries, Edward Jones (an Ontario limited partnership) ("EJ Canada"), is a registered broker-dealer in Canada. Through these entities, the Partnership primarily serves individual investors in the U.S. and Canada. Edward Jones is a retail brokerage business and primarily derives revenues from fees for providing investment advisory and other account services to its clients, fees for assets held by clients and commissions for the distribution of mutual fund shares and insurance products and the purchase or sale of securities. The Partnership conducts business throughout the U.S. and Canada with its clients, various brokers, dealers, clearing organizations, depositories and banks. For financial information related to the Partnership’s two operating segments for the three- and nine-month periods ended September 30, 2022 and September 24, 2021, see Note 9 to the Consolidated Financial Statements. Trust services are offered to Edward Jones’ U.S. clients through Edward Jones Trust Company (“Trust Co.”), a wholly-owned subsidiary of the Partnership. Olive Street Investment Advisers, LLC ("Olive Street"), a wholly-owned subsidiary of the Partnership, provides investment advisory services to the eleven sub-advised mutual funds comprising the Bridge Builder® Trust. Passport Research, Ltd. ("Passport"), a wholly-owned subsidiary of Edward Jones, currently provides investment advisory services to the sub-advised Edward Jones Money Market Fund (the "Money Market Fund"). Effective November 2, 2022, the Money Market Fund's Board of Trustees approved the transition of its investment advisory services from Passport to Olive Street, which has no impact on the Consolidated Financial Statements. The Partnership plans to dissolve Passport following the completion of this transition. The Consolidated Financial Statements have been prepared on the accrual basis of accounting in conformity with U.S. generally accepted accounting principles, which require the use of certain estimates by management in determining the Partnership’s assets, liabilities, revenues and expenses. Actual results could differ from these estimates. Certain prior period balances have been adjusted to align to current year presentation. The interim financial information included herein is unaudited. However, in the opinion of management, such information includes all adjustments, consisting primarily of normal recurring accruals, which are necessary for a fair statement of the results of interim operations. The Partnership evaluated subsequent events for recognition or disclosure through November 14, 2022, which was the date these Consolidated Financial Statements were available to be issued, and identified no matters requiring disclosure other than as disclosed above, in Note 5 and Note 8. There have been no material changes to the Partnership’s significant accounting policies or disclosures of recently issued accounting standards as described in Part II, Item 8 – Financial Statements and Supplementary Data – Note 1 of the Partnership's Annual Report on Form 10-K for the year ended December 31, 2021 (the "Annual Report"). The results of operations for the three- and nine- month periods ended September 30, 2022 are not necessarily indicative of the results to be expected for the year ending December 31, 2022. These unaudited Consolidated Financial Statements should be read in conjunction with Management's Discussion and Analysis of Financial Condition and Results of Operations and the Consolidated Financial Statements and notes thereto included in the Annual Report.
Contingencies (ASC No.450)	The Partnership accrues for potential losses for those matters where it is probable that the Partnership will incur a potential loss to the extent that the amount of such potential loss can be reasonably estimated, in accordance with Financial Accounting Standards Board Accounting Standards Codification No. 450, Contingencies. This liability represents the Partnership’s estimate of the probable loss as of September 30, 2022 , after considering, among other factors, the progress of each case, the Partnership's experience with other legal and regulatory matters and discussion with legal counsel, and is believed to be sufficient. The aggregate accrued liability is recorded within the accounts payable, accrued expenses and other line of the Consolidated Statements of Financial Condition and may be adjusted from time to time to reflect any relevant developments

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Schedule of Lease Cost	The following table summarizes the Partnership's operating lease cost, variable lease cost not included in the lease liability and total lease cost for the: Three Months Ended Nine Months Ended September 30, 2022 September 24, 2021 September 30, 2022 September 24, 2021 Operating lease cost $ 82 $ 80 $ 245 $ 238 Variable lease cost 15 15 47 44 Total lease cost $ 97 $ 95 $ 292 $ 282
Schedule of Future Undiscounted Cash Outflows for Operating Leases	The Partnership's future undiscounted cash outflows for operating leases are summarized below as of: September 30, 2022 2022 $ 81 2023 296 2024 233 2025 172 2026 114 Thereafter 112 Total lease payments 1,008 Less: Interest 53 Total present value of lease liabilities $ 955

Receivables and Revenue (Tables

Receivables and Revenue (Tables)	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Partnership's Disaggregated Revenue	The following table s hows the Partnership's disaggregated revenue information. See Note 9 for segment information. Three Months Ended September 30, 2022 Three Months Ended September 24, 2021 U.S. Canada Total U.S. Canada Total Fee revenue: Asset-based fee revenue: Advisory programs fees $ 1,784 $ 37 $ 1,821 $ 1,904 $ 34 $ 1,938 Service fees 340 26 366 403 29 432 Other asset-based fees 251 — 251 165 — 165 Total asset-based fee revenue 2,375 63 2,438 2,472 63 2,535 Account and activity fee revenue: Shareholder accounting services 116 — 116 109 — 109 Other account and activity fee 55 4 59 59 4 63 Total account and activity fee 171 4 175 168 4 172 Total fee revenue 2,546 67 2,613 2,640 67 2,707 Trade revenue: Commissions 291 10 301 381 11 392 Principal transactions 51 3 54 9 1 10 Total trade revenue 342 13 355 390 12 402 Total revenue from customers 2,888 80 2,968 3,030 79 3,109 Net interest and dividends and other 67 15 82 22 9 31 Net revenue $ 2,955 $ 95 $ 3,050 $ 3,052 $ 88 $ 3,140 Nine Months Ended September 30, 2022 Nine Months Ended September 24, 2021 U.S. Canada Total U.S. Canada Total Fee revenue: Asset-based fee revenue: Advisory programs fees $ 5,478 $ 111 $ 5,589 $ 5,326 $ 92 $ 5,418 Service fees 1,073 83 1,156 1,157 83 1,240 Other asset-based fees 640 — 640 471 — 471 Total asset-based fee revenue 7,191 194 7,385 6,954 175 7,129 Account and activity fee revenue: Shareholder accounting services 340 — 340 325 — 325 Other account and activity fee 168 11 179 177 11 188 Total account and activity fee 508 11 519 502 11 513 Total fee revenue 7,699 205 7,904 7,456 186 7,642 Trade revenue: Commissions 995 36 1,031 1,212 39 1,251 Principal transactions 100 5 105 28 2 30 Total trade revenue 1,095 41 1,136 1,240 41 1,281 Total revenue from customers 8,794 246 9,040 8,696 227 8,923 Net interest and dividends and other 26 31 57 89 15 104 Net revenue $ 8,820 $ 277 $ 9,097 $ 8,785 $ 242 $ 9,027

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Partnership's Financial Assets and Liabilities at Fair Value	The following tables show the Partnership’s financial assets and liabilities measured at fair value as of: September 30, 2022 Level I Level II Level III Total Assets: Cash equivalents: Certificates of deposit $ — $ 246 $ — $ 246 Money market funds 41 — — 41 Total cash equivalents $ 41 $ 246 $ — $ 287 Investments segregated under federal regulations: U.S. treasuries $ 12,253 $ — $ — $ 12,253 Certificates of deposit — 400 — 400 Total investments segregated under federal regulations $ 12,253 $ 400 $ — $ 12,653 Securities owned: Investment securities: Government and agency obligations $ 807 $ — $ — $ 807 Mutual funds (1) 289 — — 289 Equities 7 — — 7 Total investment securities $ 1,103 $ — $ — $ 1,103 Inventory securities: Equities $ 24 $ — $ — $ 24 Municipal obligations — 22 — 22 Corporate bonds and notes — 20 — 20 Certificates of deposit — 17 — 17 Mutual funds 8 — — 8 Total inventory securities $ 32 $ 59 $ — $ 91 Other assets: Client fractional share ownership assets $ 593 $ — $ — $ 593 Liabilities: Accounts payable, accrued expenses and other: Client fractional share redemption obligations $ 593 $ — $ — $ 593 December 31, 2021 Level I Level II Level III Total Assets: Cash equivalents: Certificates of deposit $ — $ 266 $ — $ 266 Money market funds 47 — — 47 Total cash equivalents $ 47 $ 266 $ — $ 313 Investments segregated under federal regulations: U.S. treasuries $ 13,908 $ — $ — $ 13,908 Certificates of deposit — 400 — 400 Total investments segregated under federal regulations $ 13,908 $ 400 $ — $ 14,308 Securities owned: Investment securities: Government and agency obligations $ 413 $ — $ — $ 413 Mutual funds (1) 366 — — 366 Equities 3 — — 3 Certificates of deposit — 70 — 70 Total investment securities $ 782 $ 70 $ — $ 852 Inventory securities: Equities $ 18 $ — $ — $ 18 Municipal obligations — 9 — 9 Certificates of deposit — 6 — 6 Corporate bonds and notes — 3 — 3 Mutual funds 2 — — 2 Total inventory securities $ 20 $ 18 $ — $ 38 Other assets: Client fractional share ownership assets $ 710 $ — $ — $ 710 Liabilities: Accounts payable, accrued expenses and other: Client fractional share redemption obligations $ 710 $ — $ — $ 710

Lines of Credit (Tables)

Lines of Credit (Tables)	9 Months Ended
	Sep. 30, 2022
Proceeds from Lines of Credit [Abstract]
Schedule Of Line Of Credit Facilities	The following table shows the composition of the Partnership’s aggregate bank lines of credit in place as of: September 30, 2022 December 31, 2021 2018 Credit Facility $ 500 $ 500 Uncommitted secured credit facilities 390 390 Total bank lines of credit $ 890 $ 890

Partnership Capital Subject t_2

Partnership Capital Subject to Mandatory Redemption (Tables)	9 Months Ended
	Sep. 30, 2022
Partners' Capital Notes [Abstract]
Roll Forward of Outstanding Partnership Loans	The following table shows the roll forward of outstanding Partnership loans for the: Nine Months Ended September 30, 2022 September 24, 2021 Partnership loans outstanding at beginning of period $ 321 $ 341 Partnership loans issued during the period 276 222 Repayment of Partnership loans during the period ( 243 ) ( 227 ) Total Partnership loans outstanding $ 354 $ 336

Net Capital Requirements (Table

Net Capital Requirements (Tables)	9 Months Ended
	Sep. 30, 2022
Broker-Dealer [Abstract]
Partnership's Capital Figures for U.S. and Canada Broker-Dealer Subsidiaries	The following table shows the Partnership’s capital figures for its U.S. and Canada broker-dealers as of: September 30, 2022 December 31, 2021 U.S.: Net capital $ 1,400 $ 1,421 Net capital in excess of the minimum required $ 1,321 $ 1,352 Net capital as a percentage of aggregate debit 35.4 % 41.3 % Net capital after anticipated capital withdrawals, 19.2 % 20.7 % Canada: Regulatory risk-adjusted capital $ 92 $ 71 Regulatory risk-adjusted capital in excess of the $ 91 $ 50

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Financial Information for Partnership's Reportable Segments	The following table shows financial information for the Partnership’s reportable segments: Three Months Ended Nine Months Ended September 30, 2022 September 24, 2021 September 30, 2022 September 24, 2021 Net revenue: U.S. $ 2,955 $ 3,052 $ 8,820 $ 8,785 Canada 95 88 277 242 Total net revenue $ 3,050 $ 3,140 $ 9,097 $ 9,027 Pre-variable income: U.S. $ 709 $ 884 $ 2,283 $ 2,640 Canada 24 22 60 43 Total pre-variable income $ 733 $ 906 $ 2,343 $ 2,683 Variable compensation: U.S. $ 405 $ 496 $ 1,275 $ 1,429 Canada 9 10 33 31 Total variable compensation $ 414 $ 506 $ 1,308 $ 1,460 Income before allocations to partners: U.S. $ 304 $ 388 $ 1,008 $ 1,211 Canada 15 12 27 12 Total income before allocations to partners $ 319 $ 400 $ 1,035 $ 1,223

Offsetting Assets and Liabili_2

Offsetting Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2022
Offsetting [Abstract]
Schedule of Partnership's Securities Purchased Under Agreement to Resell	The following table shows the Partnership's securities purchased under agreements to resell as of: Gross Gross of Net amounts in the of Gross amounts not offset Statements of recognized Financial Financial Financial Securities Net September 30, 2022 $ 767 — 767 — ( 767 ) $ — December 31, 2021 $ 1,529 — 1,529 — ( 1,526 ) $ 3

Cash Flow Information (Tables)

Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2022
Supplemental Cash Flow Elements [Abstract]
Schedule of Supplemental Cash Flow Information	The following table shows supplemental cash flow information for the: Nine Months Ended September 30, 2022 September 24, 2021 Non-cash activities: Issuance of general partnership interests through $ 276 $ 222 Repayment of partnership loans through distributions from $ 173 $ 183
Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash Balance	The following table reconciles certain line items on the Consolidated Statements of Financial Condition to the cash, cash equivalents and restricted cash balance on the Consolidated Statements of Cash Flows as of: September 30, 2022 September 24, 2021 Cash and cash equivalents $ 1,850 $ 1,731 Cash and investments segregated under federal regulations 18,685 17,691 Less: Investments segregated under federal regulations 12,653 11,870 Total cash, cash equivalents and restricted cash $ 7,882 $ 7,552

Introduction and Basis of Pre_3

Introduction and Basis of Presentation - Additional Information (Detail) - Segment	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 24, 2021	Sep. 30, 2022	Sep. 24, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments	2	2	2	2

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 24, 2021	Sep. 30, 2022	Sep. 24, 2021	Dec. 31, 2021
Lessee Disclosure [Abstract]
Cash paid for operating leases	$ 82	$ 79	$ 243	$ 239
Right-of-use assets obtained in exchange for operating lease liabilities	$ 95	$ 85	$ 251	$ 240
Weighted average remaining lease term in years	4 years		4 years		4 years
Weighted average discount rate	2.30%		2.30%		2.10%

LEASES - Schedule of Lease Cost

LEASES - Schedule of Lease Cost (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 24, 2021	Sep. 30, 2022	Sep. 24, 2021
Lease, Cost [Abstract]
Operating lease cost	$ 82	$ 80	$ 245	$ 238
Variable lease cost	15	15	47	44
Total lease cost	$ 97	$ 95	$ 292	$ 282

Leases - Schedule of Future Und

Leases - Schedule of Future Undiscounted Cash Outflows for Operating Leases (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Lessee Disclosure [Abstract]
2022	$ 81
2023	296
2024	233
2025	172
2026	114
Thereafter	112
Total lease payments	1,008
Less: Interest	53
Total present value of lease liabilities	$ 955	$ 954

Receivables and Revenue - Addit

Receivables and Revenue - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 24, 2021	Sep. 30, 2022	Sep. 24, 2021	Dec. 31, 2021	Dec. 31, 2020
Receivables And Revenue [Line Items]
Collateral held for receivables from clients	$ 5,416		$ 5,416		$ 4,803
Collateral held for securities purchased under agreements to resell	777		777		1,526
Expected credit loss on partnership loans	0		0		0
Receivable from mutual fund, insurance companies and other	857		857		850
Expected credit loss for receivables from contracts with customers	0		0		0
Expected credit loss for receivables from clients and securities purchased under agreement to resell	0		0		0
Customer Contracts [Member]
Receivables And Revenue [Line Items]
Receivable from clients balance	614		614		695	$ 563
Receivable from mutual fund, insurance companies and other	$ 310		$ 310		$ 335	$ 285
Sales Revenue Net [Member] | Customer [Member] | Operating Segments [Member]
Receivables And Revenue [Line Items]
Concentration Risk, Percentage	11%	13%	12%	12%

Receivables and Revenue - Sched

Receivables and Revenue - Schedule of Partnership's Disaggregated Revenue (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 24, 2021	Sep. 30, 2022	Sep. 24, 2021
Disaggregation Of Revenue [Line Items]
Net revenue	$ 2,968	$ 3,109	$ 9,040	$ 8,923
Net interest and dividends and other revenue	82	31	57	104
Net revenue	3,050	3,140	9,097	9,027
United States [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	2,888	3,030	8,794	8,696
Net interest and dividends and other revenue	67	22	26	89
Net revenue	2,955	3,052	8,820	8,785
Canada [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	80	79	246	227
Net interest and dividends and other revenue	15	9	31	15
Net revenue	95	88	277	242
Total Fee Revenue [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	2,613	2,707	7,904	7,642
Total Fee Revenue [Member] | United States [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	2,546	2,640	7,699	7,456
Total Fee Revenue [Member] | Canada [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	67	67	205	186
Asset-based Fee Revenue [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	2,438	2,535	7,385	7,129
Asset-based Fee Revenue [Member] | Advisory Programs Fees [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	1,821	1,938	5,589	5,418
Asset-based Fee Revenue [Member] | Service Fees [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	366	432	1,156	1,240
Asset-based Fee Revenue [Member] | Other Asset-based Fees [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	251	165	640	471
Asset-based Fee Revenue [Member] | United States [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	2,375	2,472	7,191	6,954
Asset-based Fee Revenue [Member] | United States [Member] | Advisory Programs Fees [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	1,784	1,904	5,478	5,326
Asset-based Fee Revenue [Member] | United States [Member] | Service Fees [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	340	403	1,073	1,157
Asset-based Fee Revenue [Member] | United States [Member] | Other Asset-based Fees [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	251	165	640	471
Asset-based Fee Revenue [Member] | Canada [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	63	63	194	175
Asset-based Fee Revenue [Member] | Canada [Member] | Advisory Programs Fees [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	37	34	111	92
Asset-based Fee Revenue [Member] | Canada [Member] | Service Fees [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	26	29	83	83
Asset-based Fee Revenue [Member] | Canada [Member] | Other Asset-based Fees [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	0	0	0	0
Account and Activity Fee Revenue [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	175	172	519	513
Account and Activity Fee Revenue [Member] | Shareholder Accounting Services Fees [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	116	109	340	325
Account and Activity Fee Revenue [Member] | Other Account and Activity Fee Revenue [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	59	63	179	188
Account and Activity Fee Revenue [Member] | United States [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	171	168	508	502
Account and Activity Fee Revenue [Member] | United States [Member] | Shareholder Accounting Services Fees [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	116	109	340	325
Account and Activity Fee Revenue [Member] | United States [Member] | Other Account and Activity Fee Revenue [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	55	59	168	177
Account and Activity Fee Revenue [Member] | Canada [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	4	4	11	11
Account and Activity Fee Revenue [Member] | Canada [Member] | Shareholder Accounting Services Fees [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	0	0	0	0
Account and Activity Fee Revenue [Member] | Canada [Member] | Other Account and Activity Fee Revenue [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	4	4	11	11
Trade Revenue [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	355	402	1,136	1,281
Trade Revenue [Member] | Commissions [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	301	392	1,031	1,251
Trade Revenue [Member] | Principal Transactions [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	54	10	105	30
Trade Revenue [Member] | United States [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	342	390	1,095	1,240
Trade Revenue [Member] | United States [Member] | Commissions [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	291	381	995	1,212
Trade Revenue [Member] | United States [Member] | Principal Transactions [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	51	9	100	28
Trade Revenue [Member] | Canada [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	13	12	41	41
Trade Revenue [Member] | Canada [Member] | Commissions [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	10	11	36	39
Trade Revenue [Member] | Canada [Member] | Principal Transactions [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	$ 3	$ 1	$ 5	$ 2

Fair Value - Additional Informa

Fair Value - Additional Information (Detail) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair value of level III, assets	$ 0	$ 0

Fair Value - Partnership's Fina

Fair Value - Partnership's Financial Assets at Fair Value (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Cash equivalents:
Total cash equivalents	$ 287	$ 313
Investments segregated under federal regulations:
Total investments segregated under federal regulations	12,653	14,308
Investment securities:
Total investment securities	1,103	852
Inventory securities:
Total inventory securities	91	38
Other Assets [Abstract]
Client Fractional Shares Ownership Assets	593	710
Accounts Payable and Accrued Liabilities [Abstract]
Client Fractional Shares Redemption Obligations	593	710
Equities [Member]
Investment securities:
Total investment securities	7	3
Inventory securities:
Total inventory securities	24	18
Corporate Bonds and Notes [Member]
Inventory securities:
Total inventory securities	20	3
Government and Agency Obligations [Member]
Investment securities:
Total investment securities	807	413
U.S. Treasuries [Member]
Investments segregated under federal regulations:
Total investments segregated under federal regulations	12,253	13,908
Mutual Funds [Member]
Investment securities:
Total investment securities	289	366
Inventory securities:
Total inventory securities	8	2
Municipal Obligations [Member]
Inventory securities:
Total inventory securities	22	9
Certificates of Deposit [Member]
Cash equivalents:
Total cash equivalents	246	266
Investments segregated under federal regulations:
Total investments segregated under federal regulations	400	400
Investment securities:
Total investment securities		70
Inventory securities:
Total inventory securities	17	6
Money Market Fund [Member]
Cash equivalents:
Total cash equivalents	41	47
Level I [Member]
Cash equivalents:
Total cash equivalents	41	47
Investments segregated under federal regulations:
Total investments segregated under federal regulations	12,253	13,908
Investment securities:
Total investment securities	1,103	782
Inventory securities:
Total inventory securities	32	20
Other Assets [Abstract]
Client Fractional Shares Ownership Assets	593	710
Accounts Payable and Accrued Liabilities [Abstract]
Client Fractional Shares Redemption Obligations	593	710
Level I [Member] | Equities [Member]
Investment securities:
Total investment securities	7	3
Inventory securities:
Total inventory securities	24	18
Level I [Member] | Corporate Bonds and Notes [Member]
Inventory securities:
Total inventory securities	0	0
Level I [Member] | Government and Agency Obligations [Member]
Investment securities:
Total investment securities	807	413
Level I [Member] | U.S. Treasuries [Member]
Investments segregated under federal regulations:
Total investments segregated under federal regulations	12,253	13,908
Level I [Member] | Mutual Funds [Member]
Investment securities:
Total investment securities	289	366
Inventory securities:
Total inventory securities	8	2
Level I [Member] | Municipal Obligations [Member]
Inventory securities:
Total inventory securities	0	0
Level I [Member] | Certificates of Deposit [Member]
Cash equivalents:
Total cash equivalents	0	0
Investments segregated under federal regulations:
Total investments segregated under federal regulations	0	0
Investment securities:
Total investment securities		0
Inventory securities:
Total inventory securities	0	0
Level I [Member] | Money Market Fund [Member]
Cash equivalents:
Total cash equivalents	41	47
Level II [Member]
Cash equivalents:
Total cash equivalents	246	266
Investments segregated under federal regulations:
Total investments segregated under federal regulations	400	400
Investment securities:
Total investment securities	0	70
Inventory securities:
Total inventory securities	59	18
Other Assets [Abstract]
Client Fractional Shares Ownership Assets	0	0
Accounts Payable and Accrued Liabilities [Abstract]
Client Fractional Shares Redemption Obligations	0	0
Level II [Member] | Equities [Member]
Investment securities:
Total investment securities	0	0
Inventory securities:
Total inventory securities	0	0
Level II [Member] | Corporate Bonds and Notes [Member]
Inventory securities:
Total inventory securities	20	3
Level II [Member] | Government and Agency Obligations [Member]
Investment securities:
Total investment securities	0	0
Level II [Member] | U.S. Treasuries [Member]
Investments segregated under federal regulations:
Total investments segregated under federal regulations	0	0
Level II [Member] | Mutual Funds [Member]
Investment securities:
Total investment securities	0	0
Inventory securities:
Total inventory securities	0	0
Level II [Member] | Municipal Obligations [Member]
Inventory securities:
Total inventory securities	22	9
Level II [Member] | Certificates of Deposit [Member]
Cash equivalents:
Total cash equivalents	246	266
Investments segregated under federal regulations:
Total investments segregated under federal regulations	400	400
Investment securities:
Total investment securities		70
Inventory securities:
Total inventory securities	17	6
Level II [Member] | Money Market Fund [Member]
Cash equivalents:
Total cash equivalents	$ 0	$ 0

Line of Credit - Schedule Of Li

Line of Credit - Schedule Of Line Of Credit Facilities (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Line of Credit Facility [Line Items]
Line of credit facility	$ 890	$ 890
2018 Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of credit facility	500	500
Uncommitted Secured Credit Facilities [Member]
Line of Credit Facility [Line Items]
Line of credit facility	$ 390	$ 390

Lines of Credit (Additional Inf

Lines of Credit (Additional Information) (Details) - USD ($) $ in Millions	1 Months Ended	9 Months Ended
	Oct. 28, 2022	Sep. 30, 2022	Dec. 31, 2021
Line of Credit Facility [Line Items]
Partnership Capital Subject To Mandatory Redemption Net Of Reserve For Anticipated Withdrawals And Partnership Loans		$ 3,510	$ 3,235
2018 Credit Facility [Member]
Line of Credit Facility [Line Items]
Committed revolving line of credit		$ 500
Maximum Leverage Ratio Required To Be Maintained By Partnership		35%
Partnership Capital Subject To Mandatory Redemption Net Of Reserve For Anticipated Withdrawals And Partnership Loans		$ 1,884
Required Minimum Partnership Capital Net Of Reserve For Anticipated Withdrawals And Partnership Loans		$ 1,344
Minimum Regulatory Net Capital Percentage Of Debit Items		6%
Amounts outstanding		$ 0	0
2022 Credit Facility [Member] | Subsequent Event [Member]
Line of Credit Facility [Line Items]
Committed revolving line of credit	$ 500
Maximum Leverage Ratio Required To Be Maintained By Partnership	35%
Partnership Capital Subject To Mandatory Redemption Net Of Reserve For Anticipated Withdrawals And Partnership Loans	$ 2,809
Required Minimum Partnership Capital Net Of Reserve For Anticipated Withdrawals And Partnership Loans	$ 1,594
Minimum Regulatory Net Capital Percentage Of Debit Items	6%
Uncommitted Secured Credit Facilities [Member]
Line of Credit Facility [Line Items]
Amounts outstanding		$ 0	$ 0

Partnership Capital Subject t_3

Partnership Capital Subject to Mandatory Redemption - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 24, 2021	Sep. 30, 2022	Sep. 24, 2021	Dec. 31, 2021	Dec. 08, 2021	Dec. 31, 2020	Jan. 12, 2018
Partners Capital Account [Line Items]
Period of loans made by Partnership to general partners	1 year		1 year
Percentage of interest made by partnership to general partners	3.25%		3.25%
Partnership loans outstanding	$ 354	$ 336	$ 354	$ 336	$ (321)		$ (341)
Interest income from outstanding amount of general partner loan	$ 5	$ 3	$ 12	$ 10
Limited partnership's minimum annual return rate	7.50%	7.50%	7.50%	7.50%
Limited partnership's minimum return, value	$ 23	$ 23	$ 69	$ 69
2018 Limited Partnership Offering [Member]
Partners Capital Account [Line Items]
Limited partnership amount registered								$ 450
Limited partnership interests issued			4		$ 5
Remaining limited partnership interests that may be issued	$ 60		$ 60
Two Thousand Twenty One Limited Partnership Offering [Member]
Partners Capital Account [Line Items]
Limited partnership amount registered						$ 700

Partnership Capital Subject t_4

Partnership Capital Subject to Mandatory Redemption - Roll Forward of Outstanding Partnership Loans (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 24, 2021
Partners' Capital Notes [Abstract]
Partnership loans outstanding at beginning of year	$ 321	$ 341
Partnership loans issued during the period	276	222
Repayment of Partnership loans during the period	(243)	(227)
Partnership loans outstanding at end of period	$ 354	$ 336

Net Capital Requirements - Addi

Net Capital Requirements - Additional Information (Detail) - Edward D. Jones & Co., L. P [Member] $ in Thousands	Sep. 30, 2022 USD ($)
Net Capital Requirements [Line Items]
Percentage of aggregate debit items arising from customer transactions to maintain minimum net capital requirements	0.02
Minimum net capital requirements	$ 250

Net Capital Requirements - Part

Net Capital Requirements - Partnership's Capital Figures for U.S. and Canada Broker-Dealer Subsidiaries (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Edward D. Jones & Co., L. P [Member]
Regulatory Capital Requirements
Net capital	$ 1,400	$ 1,421
Net capital in excess of the minimum required	$ 1,321	$ 1,352
Net capital as a percentage of aggregate debit items	35.40%	41.30%
Net capital after anticipated capital withdrawals, as a percentage of aggregate debit items	19.20%	20.70%
Canada [Member]
Regulatory Capital Requirements
Regulatory risk-adjusted capital	$ 92	$ 71
Regulatory risk-adjusted capital in excess of the minimum required to be held by IIROC	$ 91	$ 50

Contingencies - Additional Info

Contingencies - Additional Information (Detail) $ in Millions	Sep. 30, 2022 USD ($)
Loss Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss	$ 8

Segment Information - Additiona

Segment Information - Additional Information (Detail) - Segment	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Segment Reporting [Abstract]
Number of reportable segments	2	2

Segment Information - Financial

Segment Information - Financial Information for Partnership's Reportable Segments (Detail) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022	Sep. 24, 2021	Sep. 30, 2022	Sep. 24, 2021
Net revenue:
Total net revenue	$ 3,050		$ 3,140	$ 9,097	$ 9,027
Pre-variable income:
Total pre-variable income	733		906	2,343	2,683
Variable compensation:
Total variable compensation	414		506	1,308	1,460
Income (loss) before allocations to partners:
Total income before allocations to partners	319	$ 319	400	1,035	1,223
United States [Member]
Net revenue:
Total net revenue	2,955		3,052	8,820	8,785
Pre-variable income:
Total pre-variable income	709		884	2,283	2,640
Variable compensation:
Total variable compensation	405		496	1,275	1,429
Income (loss) before allocations to partners:
Total income before allocations to partners	304		388	1,008	1,211
Canada [Member]
Net revenue:
Total net revenue	95		88	277	242
Pre-variable income:
Total pre-variable income	24		22	60	43
Variable compensation:
Total variable compensation	9		10	33	31
Income (loss) before allocations to partners:
Total income before allocations to partners	$ 15		$ 12	$ 27	$ 12

Offsetting Assets and Liabili_3

Offsetting Assets and Liabilities - Schedule of Partnership's Securities Purchased Under Agreement to Resell (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Offsetting Securities Purchased under Agreements to Resell [Abstract]
Securities purchased under agreements to resell, Gross amounts of recognized assets	$ 767	$ 1,529
Securities purchased under agreements to resell, Gross amounts offset in the Consolidated Statements of Financial Condition	0	0
Securities purchased under agreements to resell, Net amounts presented in the Consolidated Statements of Financial Condition	767	1,529
Securities purchased under agreements to resell, Gross amounts not offset in the Consolidated Statements of Financial Condition, Financial instruments	0	0
Securities purchased under agreements to resell, Gross amounts not offset in the Consolidated Statements of Financial Condition, Securities collateral	(767)	(1,526)
Securities purchased under agreements to resell, Net amount	$ 0	$ 3

Cash Flow Information - Schedul

Cash Flow Information - Schedule of Supplemental Cash Flow Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 24, 2021
Non-cash activities:
Issuance of general partnership interests through partnership loans in current period	$ 276	$ 222
Repayment of partnership loans through distributions from partnership capital in current period	$ 173	$ 183

Cash Flow Information - Sched_2

Cash Flow Information - Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash Balance (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Sep. 24, 2021
Supplemental Cash Flow Elements [Abstract]
Cash and cash equivalents	$ 1,850	$ 1,835	$ 1,731
Cash and investments segregated under federal regulations	18,685	$ 20,179	17,691
Less: Investments segregated under federal regulations	12,653		11,870
Total cash, cash equivalents and restricted cash	$ 7,882		$ 7,552