v3.26.1
Operating Costs and Other Expenses
 6 Months Ended
Jun. 30, 2026
Operating Costs And Other Expenses [Abstract]  
Operating Costs and Other Expenses Operating Costs and Other Expenses
        
The following table summarizes the Company’s operating costs and other expenses (in millions):

Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Asset-based commission expenses$298 $273 $593 $557 
Other commission expenses 353 243 675 458 
Sub-advisor expenses 73 76 147 154 
General and administrative expenses (1)
265 274 564 533 
Deferral of acquisition costs(302)(185)(557)(344)
     Total operating costs and other expenses$687 $681 $1,422 $1,358 
(1)Includes gains (losses) on derivative instruments economically hedging liabilities related to the non-qualified voluntary deferred compensation plan beginning in the third quarter 2025.