Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Measurements

Assets measured at fair value on a recurring basis

	March 31, 2024								December 31, 2023
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	(in millions)
Assets
Investments (Note 5)	$	3,105	$	60	$	41	$	3,206	$	2,730	$	129	$	42	$	2,901
Derivative assets, net (Note 7)		—		24		—		24		—		64		—		64
	$	3,105	$	84	$	41	$	3,230	$	2,730	$	193	$	42	$	2,965
Liabilities
Securities sold, not yet purchased (Note 5)	$	3,469	$	175	$	—	$	3,644	$	3,288	$	185	$	—	$	3,473
Derivative liabilities, net (Note 7)		—		702		—		702		—		979		—		979
RFS obligations (Note 18)		—		294		—		294		—		329		—		329
	$	3,469	$	1,171	$	—	$	4,640	$	3,288	$	1,493	$	—	$	4,781