v3.26.3
Operating Costs and Other Expenses
 9 Months Ended
Sep. 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 September 30,Nine Months Ended September 30,
2026202520262025
Asset-based commission expenses$305 $296 $898 $853 
Other commission expenses 394 323 1,069 781 
Sub-advisor expenses 73 78 220 232 
General and administrative expenses (1)
270 264 834 797 
Deferral of acquisition costs(330)(247)(887)(591)
     Total operating costs and other expenses$712 $714 $2,134 $2,072 
(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.