v3.26.1
Segment Information - Schedule of Reportable Operating Segments, Consolidated Revenue and Segment Operating Income (Details)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Revenue        
Total revenue $ 4,246 $ 4,155 $ 9,280 $ 8,884
Expenses        
Compensation and benefits 2,271 2,360 4,664 4,609
Information technology 162 136 306 272
Premises 85 85 166 167
Other Expenses 813 715 1,514 1,516
Total operating expenses 3,331 3,296 6,650 6,564
Operating income $ 915 $ 859 $ 2,630 $ 2,320
Operating margin 0.215 0.207 0.283 0.261
Interest income $ 5 $ 0 $ 17 $ 5
Interest expense (179) (212) (358) (418)
Other income (expense) (17) 56 (12) 46
Income before income taxes 724 703 2,277 1,953
Risk Capital        
Expenses        
Investment income 56 60 109 125
Human Capital        
Expenses        
Investment income 2 1 4 2
Operating Segments | Risk Capital        
Revenue        
Total revenue 3,006 2,866 6,508 6,057
Expenses        
Compensation and benefits 1,528 1,541 3,160 3,002
Information technology 106 88 202 178
Premises 56 54 109 106
Other Expenses 400 319 739 710
Total operating expenses 2,090 2,002 4,210 3,996
Operating income $ 916 $ 864 $ 2,298 $ 2,061
Operating margin 0.305 0.301 0.353 0.340
Operating Segments | Human Capital        
Revenue        
Total revenue $ 1,244 $ 1,291 $ 2,783 $ 2,836
Expenses        
Compensation and benefits 715 796 1,474 1,570
Information technology 51 45 97 90
Premises 28 30 55 59
Other Expenses 283 303 547 597
Total operating expenses 1,077 1,174 2,173 2,316
Operating income $ 167 $ 117 $ 610 $ 520
Operating margin 0.134 0.091 0.219 0.183
Corporate/Eliminations        
Revenue        
Total revenue $ (4) $ (2) $ (11) $ (9)
Expenses        
Compensation and benefits 28 23 30 37
Information technology 5 3 7 4
Premises 1 1 2 2
Other Expenses 130 93 228 209
Total operating expenses 164 120 267 252
Operating income $ (168) $ (122) $ (278) $ (261)