v3.26.1
Consolidated Statements of Changes in Partnership Capital And Profits Interests Subject to Mandatory Redemption (Unaudited) - USD ($)
$ in Millions
Total
Limited Partnership Capital [Member]
Profits Interests [Member]
Subordinated Limited Partnership Capital [Member]
General Partnership Capital [Member]
TOTAL PARTNERSHIP CAPITAL AND PROFITS INTERESTS SUBJECT TO MANDATORY REDEMPTION at Dec. 31, 2024 $ 4,909 $ 1,926 $ 14 $ 794 $ 2,175
Reserve for anticipated withdrawals at Dec. 31, 2024 (708) (199) (14) (73) (422)
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals at Dec. 31, 2024 4,201 1,727 0 721 1,753
Partnership loans outstanding at Dec. 31, 2024 (473) 0 0 0 (473)
Total partnership capital, including capital financed with partnership loans, net of reserve for anticipated withdrawals at Dec. 31, 2024 4,674 1,727 0 721 2,226
Issuance of partnership interests 372 14 0 56 302
Redemption of partnership interests (66) (7) 0 (17) (42)
Net income allocations 513 71 17 56 369
Other Comprehensive Loss Allocations (5) 0 0 (1) (4)
Distributions (8) 15 0 0 (23)
Total partnership capital, including capital financed with partnership loans, and profits interests at Mar. 28, 2025 5,480 1,820 17 815 2,828
Partnership loans outstanding at Mar. 28, 2025 625 0 0 0 625
Reserve for anticipated withdrawals at Mar. 28, 2025 (449) (86) (17) (55) (291)
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals at Mar. 28, 2025 4,406 1,734 0 760 1,912
TOTAL PARTNERSHIP CAPITAL AND PROFITS INTERESTS SUBJECT TO MANDATORY REDEMPTION at Mar. 28, 2025 4,855 1,820 17 815 2,203
TOTAL PARTNERSHIP CAPITAL AND PROFITS INTERESTS SUBJECT TO MANDATORY REDEMPTION at Dec. 31, 2025 4,802 1,913 25 820 2,044
Reserve for anticipated withdrawals at Dec. 31, 2025 (678) (200) (25) (78) (375)
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals at Dec. 31, 2025 4,124 1,713 0 742 1,669
Partnership loans outstanding at Dec. 31, 2025 (424) 0 0 0 (424)
Total partnership capital, including capital financed with partnership loans, net of reserve for anticipated withdrawals at Dec. 31, 2025 4,548 1,713 0 742 2,093
Issuance of partnership interests 367 20 0 39 308
Redemption of partnership interests (69) (7) 0 (35) (27)
Net income allocations 541 68 27 60 386
Other comprehensive income allocations 5 1 0 1 3
Distributions (7) 15 (1) 0 (21)
Total partnership capital, including capital financed with partnership loans, and profits interests at Mar. 27, 2026 5,385 1,810 26 807 2,742
Partnership loans outstanding at Mar. 27, 2026 9 0 0 0 9
Reserve for anticipated withdrawals at Mar. 27, 2026 (451) (84) (26) (61) (280)
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals at Mar. 27, 2026 4,925 1,726 0 746 2,453
TOTAL PARTNERSHIP CAPITAL AND PROFITS INTERESTS SUBJECT TO MANDATORY REDEMPTION at Mar. 27, 2026 $ 5,376 $ 1,810 $ 26 $ 807 $ 2,733