v3.25.1
Segment Information - Schedule of Reportable Operating Segments, Consolidated Revenue and Segment Operating Income (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2025
USD ($)
Mar. 31, 2024
USD ($)
Revenue    
Total revenue $ 4,729 $ 4,070
Expenses    
Compensation and benefits 2,249 1,883
Information technology 136 124
Premises 82 71
Other Expenses 801 527
Total operating expenses 3,268 2,605
Operating income $ 1,461 $ 1,465
Operating margin 0.309 0.360
Interest income $ 5 $ 28
Interest expense (206) (144)
Other income (expense) (10) 75
Income before income taxes 1,250 1,424
Risk Capital    
Expenses    
Investment income 65 78
Human Capital    
Expenses    
Investment income 2 1
Operating Segments | Risk Capital    
Revenue    
Total revenue 3,191 2,975
Expenses    
Compensation and benefits 1,461 1,354
Information technology 90 89
Premises 52 50
Other Expenses 391 297
Total operating expenses 1,994 1,790
Operating income $ 1,197 $ 1,185
Operating margin 0.375 0.398
Operating Segments | Human Capital    
Revenue    
Total revenue $ 1,545 $ 1,103
Expenses    
Compensation and benefits 774 527
Information technology 45 35
Premises 29 21
Other Expenses 294 133
Total operating expenses 1,142 716
Operating income $ 403 $ 387
Operating margin 0.261 0.351
Corporate/Eliminations    
Revenue    
Total revenue $ (7) $ (8)
Expenses    
Compensation and benefits 14 2
Information technology 1 0
Premises 1 0
Other Expenses 116 97
Total operating expenses 132 99
Operating income $ (139) $ (107)