v3.26.3
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
Issuance of partnership interests 14 0 0 0 14
Redemption of partnership interests (40) (5) 0 (17) (18)
Net income allocations 471 71 16 49 335
Other comprehensive income allocations 9 1 0 1 7
Distributions (577) (33) (27) (87) (430)
Total partnership capital, including capital financed with partnership loans, and profits interests at Jun. 27, 2025 5,357 1,854 6 761 2,736
Issuance of partnership interests 8 0 0 2 6
Redemption of partnership interests (48) (6) 0 (3) (39)
Net income allocations 526 78 18 55 375
Other comprehensive income allocations (1) (1) 0 0 0
Distributions (367) (2) (18) (54) (293)
Total partnership capital, including capital financed with partnership loans, and profits interests at Sep. 26, 2025 5,475 1,923 6 761 2,785
Partnership loans outstanding at Sep. 26, 2025 495 0 0 0 495
Reserve for anticipated withdrawals at Sep. 26, 2025 (401) (200) (6) (19) (176)
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals at Sep. 26, 2025 4,579 1,723 0 742 2,114
TOTAL PARTNERSHIP CAPITAL AND PROFITS INTERESTS SUBJECT TO MANDATORY REDEMPTION at Sep. 26, 2025 4,980 1,923 6 761 2,290
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
Issuance of partnership interests 6 1 0 0 5
Redemption of partnership interests (10) (5) 0 0 (5)
Net income allocations 605 81 32 64 428
Other Comprehensive Loss Allocations (3) (1) 0 (1) (1)
Distributions (618) (33) (47) (103) (435)
Total partnership capital, including capital financed with partnership loans, and profits interests at Jun. 26, 2026 5,365 1,853 11 767 2,734
Issuance of partnership interests 5 0 0 5 0
Redemption of partnership interests (38) (9) 0 (1) (28)
Net income allocations 630 80 35 66 449
Distributions (415) (2) (36) (67) (310)
Total partnership capital, including capital financed with partnership loans, and profits interests at Sep. 25, 2026 5,547 1,922 10 770 2,845
Partnership loans outstanding at Sep. 25, 2026 12 0 0 0 12
Reserve for anticipated withdrawals at Sep. 25, 2026 (454) (209) (10) 20 215
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals at Sep. 25, 2026 5,081 1,713 0 750 2,618
TOTAL PARTNERSHIP CAPITAL AND PROFITS INTERESTS SUBJECT TO MANDATORY REDEMPTION at Sep. 25, 2026 $ 5,535 $ 1,922 $ 10 $ 770 $ 2,833