BlackRock (BLK) 10-Q 4 Nov 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Oct. 31, 2022
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Entity Registrant Name	BlackRock, Inc.
Entity Central Index Key	0001364742
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		150,195,577
Entity Current Reporting Status	Yes
Entity File Number	001-33099
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	32-0174431
Entity Address, Address Line One	55 East 52nd Street
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10055
City Area Code	212
Local Phone Number	810-5300
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Common Stock, $.01 Par Value [Member]
Document Information [Line Items]
Trading Symbol	BLK
Title of 12(b) Security	Common Stock, $.01 par value
Security Exchange Name	NYSE
1.250% Notes due 2025 [Member]
Document Information [Line Items]
Trading Symbol	BLK25
Title of 12(b) Security	1.250% Notes due 2025
Security Exchange Name	NYSE

Condensed Consolidated Statemen

Condensed Consolidated Statements of Financial Condition - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	[1]	$ 6,797	$ 9,323
Accounts receivable		3,361	3,789
Investments	[1]	6,907	7,262
Separate account assets		51,072	86,226
Separate account collateral held under securities lending agreements		5,867	7,081
Property and equipment (net of accumulated depreciation and amortization of $1,393 and $1,256 at September 30, 2022 and December 31, 2021, respectively)		965	762
Intangible assets (net of accumulated amortization of $485 and $399 at September 30, 2022 and December 31, 2021, respectively)		18,339	18,453
Goodwill		15,344	15,351
Operating lease right-of-use assets		1,491	1,621
Other assets	[1]	5,287	2,780
Total assets		115,430	152,648
Liabilities
Accrued compensation and benefits		1,747	2,951
Accounts payable and accrued liabilities		1,601	1,397
Borrowings		6,591	7,446
Separate account liabilities		51,072	86,226
Separate account collateral liabilities under securities lending agreements		5,867	7,081
Deferred income tax liabilities		2,695	2,758
Operating lease liabilities		1,773	1,872
Other liabilities	[1]	5,967	4,024
Total liabilities		77,313	113,755
Commitments and contingencies (Note 15)
Temporary equity
Redeemable noncontrolling interests		828	1,087
Permanent Equity
Shares authorized: 500,000,000 at September 30, 2022 and December 31, 2021; Shares issued: 172,075,373 at September 30, 2022 and December 31, 2021; Shares outstanding: 150,461,863 and 151,684,491 at September 30, 2022 and December 31, 2021, respectively		2	2
Additional paid-in capital		19,609	19,640
Retained earnings		29,348	27,688
Accumulated other comprehensive loss		(1,472)	(550)
Treasury stock, common, at cost (21,613,510 and 20,390,882 shares held at September 30, 2022 and December 31, 2021, respectively)		(10,325)	(9,087)
Total BlackRock, Inc. stockholders’ equity		37,162	37,693
Nonredeemable noncontrolling interests		127	113
Total permanent equity		37,289	37,806
Total liabilities, temporary equity and permanent equity		$ 115,430	$ 152,648
[1] At September 30, 2022, cash and cash equivalents, investments, other assets and other liabilities include $ 275 million , $ 3,533 million , $ 68 million , and $ 1,902 million , respectively, related to consolidated variable interest entities (“VIEs”). At December 31, 2021, cash and cash equivalents, investments, other assets and other liabilities include $ 251 million , $ 3,968 million , $ 50 million , and $ 1,919 million , respectively, related to consolidated VIEs.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021
Property and equipment, accumulated depreciation		$ 1,393	$ 1,256
Intangible assets, accumulated amortization		$ 485	$ 399
Common stock, par value		$ 0.01	$ 0.01
Common stock, shares authorized		500,000,000	500,000,000
Common stock, shares issued		172,075,373	172,075,373
Common stock, shares outstanding		150,461,863	151,684,491
Treasury stock, common shares		21,613,510	20,390,882
Cash and cash equivalents	[1]	$ 6,797	$ 9,323
Investments	[1]	6,907	7,262
Other assets	[1]	5,287	2,780
Other liabilities	[1]	5,967	4,024
Consolidated Variable Interest Entities [Member]
Cash and cash equivalents		275	251
Investments		3,533	3,968
Other assets		68	50
Other liabilities		$ 1,902	$ 1,919
[1] At September 30, 2022, cash and cash equivalents, investments, other assets and other liabilities include $ 275 million , $ 3,533 million , $ 68 million , and $ 1,902 million , respectively, related to consolidated variable interest entities (“VIEs”). At December 31, 2021, cash and cash equivalents, investments, other assets and other liabilities include $ 251 million , $ 3,968 million , $ 50 million , and $ 1,919 million , respectively, related to consolidated VIEs.

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue
Total revenue	$ 4,311	$ 5,050	$ 13,536	$ 14,268
Expense
Employee compensation and benefits	1,339	1,527	4,251	4,484
Distribution and servicing costs	536	585	1,682	1,613
Direct fund expense	318	354	951	994
General and administration expense	554	611	1,580	1,657
Amortization of intangible assets	38	38	114	109
Total expense	2,785	3,115	8,578	8,857
Operating income	1,526	1,935	4,958	5,411
Nonoperating income (expense)
Net gain (loss) on investments	174	370	(242)	766
Interest and dividend income	41	14	80	41
Interest expense	(50)	(48)	(158)	(155)
Total nonoperating income (expense)	165	336	(320)	652
Income before income taxes	1,691	2,271	4,638	6,063
Income tax expense	330	518	951	1,490
Net income	1,361	1,753	3,687	4,573
Net income (loss) attributable to noncontrolling interests	(45)	72	(232)	315
Net income attributable to BlackRock, Inc.	$ 1,406	$ 1,681	$ 3,919	$ 4,258
Earnings per share attributable to BlackRock, Inc. common stockholders:
Basic	$ 9.33	$ 11.05	$ 25.92	$ 27.94
Diluted	$ 9.25	$ 10.89	$ 25.67	$ 27.59
Weighted-average common shares outstanding:
Basic	150,644,985	152,120,927	151,219,485	152,375,504
Diluted	151,961,389	154,343,277	152,644,054	154,352,590
Investment Advisory, Administration Fees and Securities Lending Revenue [Member]
Revenue
Total revenue	$ 3,531	$ 3,943	$ 11,052	$ 11,292
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Related Parties [Member]
Revenue
Total revenue	2,647	2,964	8,299	8,478
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Other Third Parties [Member]
Revenue
Total revenue	884	979	2,753	2,814
Investment Advisory Performance Fees [Member]
Revenue
Total revenue	82	345	286	814
Technology Services Revenue [Member]
Revenue
Total revenue	338	320	1,011	942
Distribution Fees [Member]
Revenue
Total revenue	325	401	1,067	1,110
Advisory and Other Revenue [Member]
Revenue
Total revenue	$ 35	$ 41	$ 120	$ 110

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement Of Income And Comprehensive Income [Abstract]
Net income		$ 1,361	$ 1,753	$ 3,687	$ 4,573
Other comprehensive income (loss):
Foreign currency translation adjustments	[1]	(381)	(138)	(922)	(189)
Comprehensive income (loss)		980	1,615	2,765	4,384
Less: Comprehensive income (loss) attributable to noncontrolling interests		(45)	72	(232)	315
Comprehensive income attributable to BlackRock, Inc.		$ 1,025	$ 1,543	$ 2,997	$ 4,069
[1] Amounts for the three months ended September 30, 2022 and 2021 include gains from a net investment hedge of $ 35 million (net of tax expense of $ 11 million) and $ 14 million (net of tax expense of $ 5 million), respectively. Amounts for the nine months ended September 30, 2022 and 2021 include gains from a net investment hedge of $ 84 million (net of tax expense of $ 26 million) and $ 34 million (net of tax expense of $ 11 million), respectively.

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement Of Income And Comprehensive Income [Abstract]
Gain (loss) from net investment hedging, net of tax	$ 35	$ 14	$ 84	$ 34
Gain (loss) from net investment hedging, tax (expense) benefit	$ (11)	$ (5)	$ (26)	$ (11)

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Changes in Equity - USD ($) $ in Millions	Total	Additional Paid-in Capital [Member]		Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock Common [Member]	Total BlackRock Stockholders' Equity [Member]	Nonredeemable Noncontrolling Interests [Member]	Redeemable Noncontrolling Interests / Temporary Equity [Member]
Balance at Dec. 31, 2020	$ 35,334	$ 19,295	[1]	$ 24,334	$ (337)	$ (8,009)	$ 35,283	$ 51	$ 2,322
Net income	4,254			4,258			4,258	(4)	319
Dividends declared	(1,920)			(1,920)			(1,920)
Stock-based compensation	551	551	[1]				551
Issuance of common shares related to employee stock transactions	16	(382)	[1]			398	16
Employee tax withholdings related to employee stock transactions	(282)					(282)	(282)
Shares repurchased	(900)					(900)	(900)
Contributions (redemptions/distributions) — noncontrolling interest holders	68							68	1,058
Net consolidations (deconsolidations) of sponsored investment funds	(3)							(3)	(2,262)
Other comprehensive income (loss)	(189)				(189)		(189)
Balance at Sep. 30, 2021	36,929	19,464	[1],[2]	26,672	(526)	(8,793)	36,817	112	1,437
Balance at Jun. 30, 2021	36,148	19,299	[2]	25,620	(388)	(8,498)	36,033	115	2,242
Net income	1,675			1,681			1,681	(6)	78
Dividends declared	(629)			(629)			(629)
Stock-based compensation	173	173	[2]				173
Issuance of common shares related to employee stock transactions	6	(8)	[2]			14	6
Employee tax withholdings related to employee stock transactions	(9)					(9)	(9)
Shares repurchased	(300)					(300)	(300)
Contributions (redemptions/distributions) — noncontrolling interest holders	7							7	282
Net consolidations (deconsolidations) of sponsored investment funds	(4)							(4)	(1,165)
Other comprehensive income (loss)	(138)				(138)		(138)
Balance at Sep. 30, 2021	36,929	19,464	[1],[2]	26,672	(526)	(8,793)	36,817	112	1,437
Balance at Dec. 31, 2021	37,806	19,642	[3]	27,688	(550)	(9,087)	37,693	113	1,087
Net income	3,921			3,919			3,919	2	(234)
Dividends declared	(2,259)			(2,259)			(2,259)
Stock-based compensation	536	536	[3]				536
Issuance of common shares related to employee stock transactions	22	(567)	[3]			589	22
Employee tax withholdings related to employee stock transactions	(452)					(452)	(452)
Shares repurchased	(1,375)					(1,375)	(1,375)
Contributions (redemptions/distributions) — noncontrolling interest holders	2							2	499
Net consolidations (deconsolidations) of sponsored investment funds	10							10	(524)
Other comprehensive income (loss)	(922)				(922)		(922)
Balance at Sep. 30, 2022	37,289	19,611	[3],[4]	29,348	(1,472)	(10,325)	37,162	127	828
Balance at Jun. 30, 2022	37,202	19,471	[4]	28,678	(1,091)	(9,969)	37,089	113	1,103
Net income	1,410			1,406			1,406	4	(49)
Dividends declared	(736)			(736)			(736)
Stock-based compensation	160	160	[4]				160
Issuance of common shares related to employee stock transactions	8	(20)	[4]			28	8
Employee tax withholdings related to employee stock transactions	(9)					(9)	(9)
Shares repurchased	(375)					(375)	(375)
Contributions (redemptions/distributions) — noncontrolling interest holders									74
Net consolidations (deconsolidations) of sponsored investment funds	10							10	(300)
Other comprehensive income (loss)	(381)				(381)		(381)
Balance at Sep. 30, 2022	$ 37,289	$ 19,611	[3],[4]	$ 29,348	$ (1,472)	$ (10,325)	$ 37,162	$ 127	$ 828
[1] Amounts include $ 2 million of common stock at both September 30, 2021 and December 31, 2020 . Amounts include $ 2 million of common stock at both September 30, 2021 and June 30, 2021 . Amounts include $ 2 million of common stock at both September 30, 2022 and December 31, 2021 . Amounts include $ 2 million of common stock at both September 30, 2022 and June 30, 2022 .

Condensed Consolidated Statem_7

Condensed Consolidated Statements of Changes in Equity (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Additional Paid-in Capital, value of stock	$ 37,289	$ 36,929	$ 37,289	$ 36,929	$ 37,202	$ 37,806	$ 36,148	$ 35,334
Common Stock [Member]
Additional Paid-in Capital, value of stock	$ 2	$ 2	$ 2	$ 2	$ 2	$ 2	$ 2	$ 2
Dividends declared, amount per share	$ 4.88	$ 4.13	$ 14.64	$ 12.39

Condensed Consolidated Statem_8

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Operating activities
Net income	$ 3,687	$ 4,573
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
Depreciation and amortization	308	305
Noncash lease expense	123	101
Stock-based compensation	536	551
Deferred income tax expense (benefit)	(104)	(5)
Other investment gains	(276)	(153)
Net (gains) losses within CIPs	510	(350)
Net (purchases) proceeds within CIPs	(804)	(1,047)
(Earnings) losses from equity method investees	54	(226)
Distributions of earnings from equity method investees	27	54
Changes in operating assets and liabilities:
Accounts receivable	254	(527)
Investments, trading	217	113
Other assets	(2,273)	(1,289)
Accrued compensation and benefits	(1,282)	(180)
Accounts payable and accrued liabilities	123	354
Other liabilities	1,883	753
Net cash provided by/(used in) operating activities	2,983	3,027
Investing activities
Purchases of investments	(516)	(579)
Proceeds from sales and maturities of investments	190	294
Distributions of capital from equity method investees	59	77
Net consolidations (deconsolidations) of sponsored investment funds	(48)	(59)
Acquisitions, net of cash acquired		(1,097)
Purchases of property and equipment	(399)	(215)
Net cash provided by/(used in) investing activities	(714)	(1,579)
Financing activities
Repayments of long-term borrowings	(750)	(750)
Cash dividends paid	(2,259)	(1,920)
Repurchases of common stock	(1,827)	(1,182)
Net proceeds from (repayments of) borrowings by CIPs		32
Net contributions (redemptions/distributions) - noncontrolling interest holders	501	1,126
Other financing activities	19	(1)
Net cash provided by/(used in) financing activities	(4,316)	(2,695)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(479)	(56)
Net increase/(decrease) in cash, cash equivalents and restricted cash	(2,526)	(1,303)
Cash, cash equivalents and restricted cash, beginning of period	9,340	8,681
Cash, cash equivalents and restricted cash, end of period	6,814	7,378
Supplemental schedule of noncash investing and financing transactions:
Issuance of common stock	567	382
Increase (decrease) in noncontrolling interests due to net consolidation (deconsolidation) of sponsored investment funds	$ (514)	$ (2,265)

Business Overview

Business Overview	9 Months Ended
	Sep. 30, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Business Overview	1 . Business Overview BlackRock, Inc. (together, with its subsidiaries, unless the context otherwise indicates, “BlackRock” or the “Company”) is a leading publicly traded investment management firm providing a broad range of investment management and technology services to institutional and retail clients worldwide. BlackRock’s diverse platform of alpha-seeking active, index and cash management investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients. Product offerings include single- and multi-asset portfolios investing in equities, fixed income, alternatives and money market instruments. Products are offered directly and through intermediaries in a variety of vehicles, including open-end and closed-end mutual funds , iShares ® and BlackRock exchange-traded funds (“ETFs”), separate accounts, collective trust funds and other pooled investment vehicles. BlackRock also offers technology services, including the investment and risk management technology platform, Aladdin ® , Aladdin Wealth, eFront and Cachematrix, as well as advisory services and solutions to a broad base of institutional and wealth management clients.

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies Basis of Presentation These condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and include the accounts of the Company and its controlled subsidiaries. Noncontrolling interests (“NCI”) on the condensed consolidated statements of financial condition represent the portion of consolidated sponsored investment products (“CIPs”) and a consolidated affiliate (collectively, “consolidated entities”) in which the Company does not have direct equity ownership. Intercompany balances and transactions have been eliminated upon consolidation. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reporting periods. Actual results could differ from those estimates. Certain financial information that normally is included in annual financial statements, including certain financial statement footnotes, is not required for interim reporting purposes and has been condensed or omitted herein. These condensed consolidated financial statements should be read in conjunction with the Company’s consolidated financial statements and footnotes related thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, which was filed with the Securities and Exchange Commission on February 25, 2022 (“2021 Form 10-K”). The interim financial information at September 30, 2022 and for the three and nine months ended September 30, 2022 and 2021 is unaudited. However, in the opinion of management, the interim information includes all normal recurring adjustments necessary for the fair presentation of the Company’s results for the periods presented. The results of operations for interim periods are not necessarily indicative of results to be expected for the full year. Certain prior period presentations and disclosures, while not required to be recast, were reclassified to ensure comparability with current period classifications. Fair Value Measurements Hierarchy of Fair Value Inputs. The Company uses a fair value hierarchy that prioritizes inputs to valuation approaches used to measure fair value. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. Assets and liabilities measured and reported at fair value are classified and disclosed in one of the following categories: Level 1 Inputs: Quoted prices (unadjusted) in active markets for identical assets or liabilities at the reporting date. • Level 1 assets may include listed mutual funds, ETFs, listed equities and certain exchange-traded derivatives. Level 2 Inputs: Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities that are not active; quotes from pricing services or brokers for which the Company can determine that orderly transactions took place at the quoted price or that the inputs used to arrive at the price are observable; and inputs other than quoted prices that are observable, such as models or other valuation methodologies. • Level 2 assets may include debt securities, bank loans held within consolidated collateralized loan obligations (“CLOs”), short-term floating-rate notes, asset-backed securities, as well as over-the-counter derivatives, including interest rate swaps and foreign currency exchange contracts that have inputs to the valuations that generally can be corroborated by observable market data. Level 3 Inputs: Unobservable inputs for the valuation of the asset or liability, which may include nonbinding broker quotes. Level 3 assets include investments for which there is little, if any, market activity. These inputs require significant management judgment or estimation. • Level 3 assets may include direct private equity investments held within consolidated funds, investments in CLOs and bank loans held within consolidated CLOs. • Level 3 liabilities may include borrowings of consolidated CLOs and contingent liabilities related to acquisitions valued based upon discounted cash flow analyses using unobservable market data. Significance of Inputs. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the financial instrument. Valuation Approaches. The fair values of certain Level 3 assets and liabilities were determined using various valuation approaches as appropriate, including third-party pricing vendors, broker quotes and market and income approaches. A significant number of inputs used to value equity, debt securities, investments in CLOs and bank loans is sourced from third-party pricing vendors. Generally, prices obtained from pricing vendors are categorized as Level 1 inputs for identical securities traded in active markets and as Level 2 for other similar securities if the vendor uses observable inputs in determining the price. In addition, quotes obtained from brokers generally are nonbinding and categorized as Level 3 inputs. However, if the Company is able to determine that market participants have transacted for the asset in an orderly manner near the quoted price or if the Company can determine that the inputs used by the broker are observable, the quote is classified as a Level 2 input. Investments Measured at Net Asset Values. As a practical expedient, the Company uses net asset value (“NAV”) as the fair value for certain investments. The inputs to value these investments may include the Company’s capital accounts for its partnership interests in various alternative investments, including hedge funds, real assets and private equity funds, which may be adjusted by using the returns of certain market indices. The various partnerships generally are investment companies, which record their underlying investments at fair value based on fair value policies established by management of the underlying fund. Fair value policies at the underlying fund generally require the fund to utilize pricing/valuation information from third-party sources, including independent appraisals. However, in some instances, current valuation information for illiquid securities or securities in markets that are not active may not be available from any third-party source or fund management may conclude that the valuations that are available from third-party sources are not reliable. In these instances, fund management may perform model-based analytical valuations that could be used as an input to value these investments. Fair Value Assets and Liabilities of Consolidated CLO. The Company applies the fair value option provisions for eligible assets, including bank loans, held by a consolidated CLO. As the fair value of the financial assets of the consolidated CLO is more observable than the fair value of the borrowings of the consolidated CLO, the Company measures the fair value of the borrowings of the consolidated CLO equal to the fair value of the assets of the consolidated CLO less the fair value of the Company’s economic interest in the CLO. Derivatives and Hedging Activities . The Company does not use derivative financial instruments for trading or speculative purposes. The Company uses derivative financial instruments primarily for purposes of hedging exposures to fluctuations in foreign currency exchange rates of certain assets and liabilities, and market exposures for certain seed investments. However, certain CIPs also utilize derivatives as a part of their investment strategy. The Company records all derivative financial instruments as either assets or liabilities at fair value on a gross basis in the condensed consolidated statements of financial condition. Credit risks are managed through master netting and collateral support agreements. The amounts related to the right to reclaim or the obligation to return cash collateral may not be used to offset amounts due under the derivative instruments in the normal course of settlement. Therefore, such amounts are not offset against fair value amounts recognized for derivative instruments with the same counterparty and are included in other assets and other liabilities. Changes in the fair value of the Company’s derivative financial instruments are recognized in earnings and, where applicable, are offset by the corresponding gain or loss on the related foreign-denominated assets or liabilities or hedged investments, on the condensed consolidated statements of income. The Company may also use financial instruments designated as net investment hedges for accounting purposes to hedge net investments in international subsidiaries whose functional currency is not US dollars. The gain or loss from revaluing net investment hedges at the spot rate is deferred and reported within accumulated other comprehensive income (loss) (“AOCI”) on the condensed consolidated statements of financial condition. The Company reassesses the effectiveness of its net investment hedge at least quarterly. Separate Account Assets and Liabilities . Separate account assets are maintained by BlackRock Life Limited, a wholly owned subsidiary of the Company, which is a registered life insurance company in the United Kingdom (“UK”), and represent segregated assets held for purposes of funding individual and group pension contracts. The life insurance company does not underwrite any insurance contracts that involve any insurance risk transfer from the insured to the life insurance company. The separate account assets primarily include equity securities, debt securities, money market funds and derivatives. The separate account assets are not subject to general claims of the creditors of BlackRock. These separate account assets and the related equal and offsetting liabilities are recorded as separate account assets and separate account liabilities on the condensed consolidated statements of financial condition. The net investment income attributable to separate account assets supporting individual and group pension contracts accrues directly to the contract owner and is not reported on the condensed consolidated statements of income. While BlackRock has no economic interest in these separate account assets and liabilities, BlackRock earns policy administration and management fees associated with these products, which are included in investment advisory, administration fees and securities lending revenue on the condensed consolidated statements of income. Separate Account Collateral Assets Held and Liabilities Under Securities Lending Agreements. The Company facilitates securities lending arrangements whereby securities held by separate accounts maintained by BlackRock Life Limited are lent to third parties under global master securities lending agreements. In exchange, the Company obtains either (1) the legal title, or (2) a first ranking priority security interest, in the collateral. The minimum collateral values generally range from approximately 102 % to 112 % of the value of the securities in order to reduce counterparty risk. The required collateral value is calculated on a daily basis. The global master securities lending agreements provide the Company the right to request additional collateral or, in the event of borrower default, the right to liquidate collateral. The securities lending transactions entered into by the Company are accompanied by an agreement that entitles the Company to request the borrower to return the securities at any time; therefore, these transactions are not reported as sales. In situations where the Company obtains the legal title to collateral under these securities lending arrangements, the Company records an asset on the condensed consolidated statements of financial condition in addition to an equal collateral liability for the obligation to return the collateral. Additionally, in situations where the Company obtains a first ranking priority security interest in the collateral, the Company does not have the ability to pledge or resell the collateral and therefore does not record the collateral on the condensed consolidated statements of financial condition. At September 30, 2022 and December 31, 2021 , the fair value of loaned securities held by separate accounts was approximately $ 9.7 billion and $ 13.2 billion, respectively, and the fair value of the collateral under these securities lending agreements was approximately $ 10.5 billion and $ 14.1 billion, respectively, of which approximately $ 5.9 billion as of September 30, 2022 and $ 7.1 billion as of December 31, 2021 was recognized on the condensed consolidated statements of financial condition. During the nine months ended September 30, 2022 and 2021 , the Company had no t resold or repledged any of the collateral obtained under these arrangements. The securities lending revenue earned from lending securities held by the separate accounts is included in investment advisory, administration fees and securities lending revenue on the condensed consolidated statements of income . Money Market Fee Waivers. The Company may voluntarily waive a portion of its management fees on certain money market funds to ensure that they maintain a targeted level of daily net investment income (the “Yield Support waivers”). These waivers resulted in a reduction of management fees of approximately $ 0 million and $ 72 million, during the three and nine months ended September 30, 2022 , respectively, and approximately $ 130 million and $ 360 million, during the three and nine months ended September 30, 2021 , respectively. The reduction in management fees was partially offset by a reduction of BlackRock’s distribution and servicing costs paid to financial intermediaries. The Company may increase or decrease the level of Yield Support waivers in future periods.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2022
Business Combinations [Abstract]
Acquisitions	3 . Acquisition Aperio Group, LLC On February 1, 2021, the Company acquired 100 % of the equity interests of Aperio Group, LLC (the “Aperio Transaction” or “Aperio”), a pioneer in customizing tax-optimized index equity separately managed accounts (“SMAs”) for approximately $ 1.1 billion in cash, using existing cash resources. The acquisition of Aperio increased BlackRock’s SMA assets under management and expanded the breadth of the Company’s capabilities via tax-managed strategies across factors, broad market indexing, and investor Environmental, Social, and Governance preferences across all asset classes. The purchase price for the Aperio Transaction was allocated to the assets acquired and liabilities assumed based upon their estimated fair values at the date of the transaction. The goodwill recognized in connection with the acquisition is primarily attributable to anticipated synergies from the transaction. A summary of the fair values of the assets acquired and liabilities assumed in this acquisition is as follows: (in millions) Fair Value Accounts receivable $ 16 Finite-lived intangible assets: Customer relationships 270 Other 17 Goodwill 776 Deferred income tax liabilities ( 16 ) Other liabilities assumed ( 12 ) Total consideration, net of cash acquired $ 1,051 Summary of consideration, net of cash acquired: Cash paid $ 1,055 Cash acquired ( 4 ) Total consideration, net of cash acquired $ 1,051

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	9 Months Ended
	Sep. 30, 2022
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents [Abstract]
Cash, Cash Equivalents and Restricted Cash	4 . Cash, Cash Equivalents, and Restricted Cash The following table provides a reconciliation of cash and cash equivalents reported within the condensed consolidated statements of financial condition to the cash, cash equivalents, and restricted cash reported within the condensed consolidated statements of cash flows. September 30, December 31, 2022 2021 (in millions) Cash and cash equivalents $ 6,797 $ 9,323 Restricted cash included in other assets 17 17 Total cash, cash equivalents and restricted cash $ 6,814 $ 9,340

Investments

Investments	9 Months Ended
	Sep. 30, 2022
Investments Debt And Equity Securities [Abstract]
Investments	5 . Investments A summary of the carrying value of total investments is as follows: September 30, December 31, (in millions) 2022 2021 Debt securities: Trading securities (including $ 1,112 and $ 1,140 trading debt securities of $ 1,162 $ 1,186 Held-to-maturity investments 495 430 Total debt securities 1,657 1,616 Equity securities at FVTNI (including $ 1,145 and $ 1,485 equity securities at FVTNI 1,285 1,738 Equity method investments (1) 1,801 1,694 Bank loans held by CIPs 260 284 Federal Reserve Bank stock (2) 91 96 Carried interest (3) 1,525 1,555 Other investments (4) 288 279 Total investments $ 6,907 $ 7,262 (1) Equity method investments primarily include BlackRock’s direct investments in certain BlackRock sponsored investment funds. (2) Federal Reserve Bank stock is held for regulatory purposes and is restricted from sale. (3) Carried interest represents allocations to BlackRock’s general partner capital accounts from certain sponsored investment funds. These balances are subject to change upon cash distributions, additional allocations or reallocations back to limited partners within the respective funds. (4) Other investments include BlackRock’s investments in nonmarketable equity securities, which are measured at cost, adjusted for observable price changes and private equity and real asset investments held by CIPs measured at fair value. Held-to-Maturity Investments Held-to-maturity investments included certain investments in BlackRock sponsored CLOs. The amortized cost (carrying value) of these investments approximated fair value (primarily a Level 2 input). At September 30, 2022 , $ 21 million of these investments mature between one to five years, $ 165 million of these investments mature between five to ten years and $ 309 million of these investments mature after 10 years. Trading Debt Securities and Equity Securities at FVTNI A summary of the cost and carrying value of trading debt securities and equity securities at fair value recorded through net income (“FVTNI”) is as follows: September 30, 2022 December 31, 2021 (in millions) Cost Carrying Cost Carrying Trading debt securities: Corporate debt $ 774 $ 703 $ 703 $ 701 Government debt 365 331 365 363 Asset/mortgage-backed debt 141 128 126 122 Total trading debt securities $ 1,280 $ 1,162 $ 1,194 $ 1,186 Equity securities at FVTNI: Equity securities/mutual funds $ 1,302 $ 1,285 $ 1,451 $ 1,738

Consolidated Sponsored Investme

Consolidated Sponsored Investment Products	9 Months Ended
	Sep. 30, 2022
Statement Of Financial Position [Abstract]
Consolidated Sponsored Investment Products	6 . Consolidated Sponsored Investment Products The Company consolidates certain sponsored investment funds accounted for as voting rights entities (“VREs”) because it is deemed to control such funds. In the normal course of business, the Company is the manager of various types of sponsored investment vehicles, which may be considered VIEs. The Company may from time to time own equity or debt securities or enter into derivatives with the vehicles, each of which are considered variable interests. The Company’s involvement in financing the operations of the VIEs is generally limited to its investments in the entity. The Company’s consolidated VIEs include certain sponsored investment products in which BlackRock has an investment and as the investment manager, is deemed to have both the power to direct the most significant activities of the products and the right to receive benefits (or the obligation to absorb losses) that could potentially be significant to these sponsored investment products. The assets of these VIEs are not available to creditors of the Company. In addition, the investors in these VIEs have no recourse to the credit of the Company. The following table presents the balances related to these CIPs accounted for as VIEs and VREs that were recorded on the condensed consolidated statements of financial condition, including BlackRock’s net interest in these products: September 30, 2022 December 31, 2021 (in millions) VIEs VREs Total VIEs VREs Total Cash and cash equivalents (1) $ 275 $ 51 $ 326 $ 251 $ 57 $ 308 Investments: Trading debt securities 806 306 1,112 870 270 1,140 Equity securities at FVTNI 771 374 1,145 1,100 385 1,485 Bank loans 260 — 260 284 — 284 Other investments 242 — 242 210 — 210 Carried interest 1,454 — 1,454 1,504 — 1,504 Total investments 3,533 680 4,213 3,968 655 4,623 Other assets 68 27 95 50 32 82 Other liabilities (2) ( 1,902 ) ( 39 ) ( 1,941 ) ( 1,919 ) ( 82 ) ( 2,001 ) Noncontrolling interests - CIPs ( 793 ) ( 101 ) ( 894 ) ( 1,046 ) ( 79 ) ( 1,125 ) BlackRock's net interests in CIPs $ 1,181 $ 618 $ 1,799 $ 1,304 $ 583 $ 1,887 (1) The Company cannot readily access cash and cash equivalents held by CIPs to use in its operating activities. (2) At both September 30, 2022 and December 31, 2021 , other liabilities of VIEs primarily include deferred carried interest liabilities and borrowings of a consolidated CLO. BlackRock’s total exposure to CIPs represents the value of its economic ownership interest in these CIPs. Valuation changes associated with investments held at fair value by these CIPs are reflected in nonoperating income (expense) and partially offset in net income (loss) attributable to NCI for the portion not attributable to BlackRock. Net gain (loss) related to consolidated VIEs is presented in the following table: Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2022 2021 2022 2021 Nonoperating net gain (loss) on consolidated VIEs $ ( 89 ) $ 50 $ ( 405 ) $ 323 Net income (loss) attributable to NCI on consolidated VIEs $ ( 35 ) $ 73 $ ( 218 ) $ 296

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 30, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Variable Interest Entities	7 . Variable Interest Entities Nonconsolidated VIEs . At September 30, 2022 and December 31, 2021, the Company’s carrying value of assets and liabilities included on the condensed consolidated statements of financial condition pertaining to nonconsolidated VIEs and its maximum risk of loss related to VIEs for which it held a variable interest, but for which it was not the primary beneficiary, was as follows: Advisory Fee Other Net Assets Maximum (in millions) Investments Receivables (Liabilities) Risk of Loss (1) At September 30, 2022 Sponsored investment $ 1,031 $ 79 $ ( 11 ) $ 1,127 At December 31, 2021 Sponsored investment $ 882 $ 62 $ ( 12 ) $ 961 (1) At both September 30, 2022 and December 31, 2021 , BlackRock’s maximum risk of loss associated with these VIEs primarily related to BlackRock’s investments and the collection of advisory fee receivables. The net assets of sponsored investment products that are nonconsolidated VIEs approximated $ 20 billion at both September 30, 2022 and December 31, 2021 .

Fair Value Disclosures

Fair Value Disclosures	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Disclosures	8. Fair Value Disclosures Fair Value Hierarchy Assets and liabilities measured at fair value on a recurring basis September 30, 2022 (in millions) Quoted Prices Significant Significant Investments (1) Other (2) September 30, Assets: Investments Debt securities: Held-to-maturity investments $ — $ — $ — $ — $ 495 $ 495 Trading securities — 1,113 49 — — 1,162 Total debt securities — 1,113 49 — 495 1,657 Equity securities at FVTNI: Equity securities/mutual funds 1,285 — — — — 1,285 Equity method: Equity and fixed income mutual 201 — — — — 201 Hedge funds/funds of hedge — — — 455 — 455 Private equity funds — — — 877 — 877 Real assets funds — — — 268 — 268 Total equity method 201 — — 1,600 — 1,801 Bank loans — 24 236 — — 260 Federal Reserve Bank Stock — — — — 91 91 Carried interest — — — — 1,525 1,525 Other investment — — — 131 157 288 Total investments 1,486 1,137 285 1,731 2,268 6,907 Other assets (3) 105 64 — — — 169 Separate account assets 33,686 16,492 — — 894 51,072 Separate account collateral held under securities lending agreements: Equity securities 1,946 — — — — 1,946 Debt securities — 3,921 — — — 3,921 Total separate account collateral held 1,946 3,921 — — — 5,867 Total $ 37,223 $ 21,614 $ 285 $ 1,731 $ 3,162 $ 64,015 Liabilities: Separate account collateral $ 1,946 $ 3,921 $ — $ — $ — $ 5,867 Other liabilities (4) — 46 303 — — 349 Total $ 1,946 $ 3,967 $ 303 $ — $ — $ 6,216 (1) Amounts are comprised of certain investments measured at fair value using NAV (or its equivalent) as a practical expedient. (2) Amounts are comprised of investments held at amortized cost and cost, adjusted for observable price changes, carried interest and certain equity method investments, which include sponsored investment funds and other assets, which are not accounted for under a fair value measure. In accordance with GAAP, certain equity method investees do not account for both their financial assets and liabilities under fair value measures; therefore, the Company’s investment in such equity method investees may not represent fair value. (3) Level 1 amount includes a minority investment in a publicly traded company. Level 2 amount primarily includes fair value of derivatives (See Note 9, Derivatives and Hedging , for more information). (4) Level 2 amount primarily includes fair value of derivatives (See Note 9, Derivatives and Hedging , for more information). Level 3 amounts primarily include borrowings of a consolidated CLO classified based on the significance of unobservable inputs used for calculating the fair value of consolidated CLO assets, and contingent liabilities related to certain acquisitions (see Note 15, Commitments and Contingencies , for more information). Assets and liabilities measured at fair value on a recurring basis December 31, 2021 (in millions) Quoted Prices Significant Significant Investments (1) Other (2) December 31, Assets: Investments Debt securities: Held-to-maturity investments $ — $ — $ — $ — $ 430 $ 430 Trading securities — 1,169 17 — — 1,186 Total debt securities — 1,169 17 — 430 1,616 Equity securities at FVTNI: Equity securities/mutual funds 1,738 — — — — 1,738 Equity method: Equity and fixed income mutual 245 — — — — 245 Hedge funds/funds of hedge — — — 369 — 369 Private equity funds — — — 846 — 846 Real assets funds — — — 234 — 234 Total equity method 245 — — 1,449 — 1,694 Bank loans — 14 270 — — 284 Federal Reserve Bank Stock — — — — 96 96 Carried interest — — — — 1,555 1,555 Other investments (3) — — 5 96 178 279 Total investments 1,983 1,183 292 1,545 2,259 7,262 Other assets (4) 195 39 — — — 234 Separate account assets 54,675 30,786 — — 765 86,226 Separate account collateral held under securities lending agreements: Equity securities 3,717 — — — — 3,717 Debt securities — 3,364 — — — 3,364 Total separate account collateral held 3,717 3,364 — — — 7,081 Total $ 60,570 $ 35,372 $ 292 $ 1,545 $ 3,024 $ 100,803 Liabilities: Separate account collateral $ 3,717 $ 3,364 $ — $ — $ — $ 7,081 Other liabilities (5) — 26 342 — — 368 Total $ 3,717 $ 3,390 $ 342 $ — $ — $ 7,449 (1) Amounts are comprised of certain investments measured at fair value using NAV (or its equivalent) as a practical expedient. (2) Amounts are comprised of investments held at amortized cost and cost, adjusted for observable price changes, carried interest and certain equity method investments, which include sponsored investment funds and other assets, which are not accounted for under a fair value measure. In accordance with GAAP, certain equity method investees do not account for both their financial assets and liabilities under fair value measures; therefore, the Company’s investment in such equity method investees may not represent fair value. (3) Level 3 amounts include direct investments in private equity companies held by consolidated private equity funds. (4) Level 1 amount includes a minority investment in a publicly traded company. Level 2 amount primarily includes fair value of derivatives (See Note 9, Derivatives and Hedging , for more information). (5) Level 2 amount primarily includes fair value of derivatives (See Note 9, Derivatives and Hedging , for more information). Level 3 amounts primarily include borrowings of a consolidated CLO classified based on the significance of unobservable inputs used for calculating the fair value of consolidated CLO assets, and contingent liabilities related to certain acquisitions (see Note 15, Commitments and Contingencies , for more information). Level 3 Assets. Level 3 assets predominantly include investments in CLOs and bank loans of consolidated CLOs, which were valued based on single-broker nonbinding quotes or quotes from pricing services which use significant unobservable inputs. Level 3 investments of $ 285 million and $ 292 million at September 30, 2022 and December 31, 2021, respectively, primarily included bank loans of a consolidated CLO. Level 3 Liabilities. Level 3 liabilities primarily include borrowings of a consolidated CLO, which were valued based on the fair value of the assets of the consolidated CLO less the fair value of the Company’s economic interest in the CLO, and contingent liabilities related to certain acquisitions, which were valued based upon discounted cash flow analyses using unobservable market data inputs. Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Three Months Ended September 30, 2022 (in millions) June 30, Realized Purchases Sales and Issuances and Transfers Transfers September 30, Total Net (1) Assets: Investments: Debt securities: Trading $ 16 $ ( 1 ) $ 14 $ ( 5 ) $ — $ 25 $ — $ 49 $ ( 1 ) Total debt securities 16 ( 1 ) 14 ( 5 ) — 25 — 49 ( 1 ) Private equity 4 ( 2 ) — — — — ( 2 ) — — Bank loans 252 ( 1 ) — ( 16 ) — 4 ( 3 ) 236 ( 1 ) Total investments $ 272 $ ( 4 ) $ 14 $ ( 21 ) $ — $ 29 $ ( 5 ) $ 285 $ ( 2 ) Liabilities: Other liabilities $ 314 $ 8 $ — $ — $ ( 3 ) $ — $ — $ 303 $ 8 (1) Earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at the reporting date. Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Nine Months Ended September 30, 2022 (in millions) December 31, Realized Purchases Sales and Issuances and (1) Transfers Transfers September 30, Total Net (2) Assets: Investments: Debt securities: Trading $ 17 $ ( 4 ) $ 33 $ ( 18 ) $ — $ 25 $ ( 4 ) $ 49 $ ( 4 ) Total debt securities 17 ( 4 ) 33 ( 18 ) — 25 ( 4 ) 49 ( 4 ) Private equity 5 ( 2 ) — — — — ( 3 ) — — Bank loans 270 ( 4 ) 16 ( 34 ) — 8 ( 20 ) 236 ( 4 ) Total investments $ 292 $ ( 10 ) $ 49 $ ( 52 ) $ — $ 33 $ ( 27 ) $ 285 $ ( 8 ) Liabilities: Other liabilities $ 342 $ 7 $ — $ — $ ( 32 ) $ — $ — $ 303 $ 7 (1) Amounts include proceeds from borrowings of a consolidated CLO and contingent liability payment related to a prior acquisition. (2) Earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at the reporting date. Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Three Months Ended September 30, 2021 (in millions) June 30, Realized Purchases Sales and Issuances and (1) Transfers Transfers September 30, Total Net (2) Assets: Investments: Debt securities: Trading $ 21 $ 2 $ 12 $ ( 5 ) $ — $ — $ — $ 30 $ 2 Total debt securities 21 2 12 ( 5 ) — — — 30 2 Private equity 5 1 — — — — ( 1 ) 5 1 Bank loans 261 — 16 — — 1 ( 5 ) 273 — Total investments $ 287 $ 3 $ 28 $ ( 5 ) $ — $ 1 $ ( 6 ) $ 308 $ 3 Liabilities: Other liabilities $ 298 $ ( 28 ) $ — $ — $ 14 $ — $ — $ 340 $ ( 28 ) (1) Amounts include proceeds from borrowings of a consolidated CLO and a contingent liability, partially offset by contingent liability payment related to a prior acquisition. (2) Earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at the reporting date. Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Nine Months Ended September 30, 2021 (in millions) December 31, Realized Purchases Sales and Issuances (1) Transfers Transfers September 30, Total Net (2) Assets: Investments: Debt securities: Trading $ 11 $ 2 $ 24 $ ( 5 ) $ — $ — $ ( 2 ) $ 30 $ 2 Total debt securities 11 2 24 ( 5 ) — — ( 2 ) 30 2 Private equity 9 1 — — — — ( 5 ) 5 1 Bank loans 232 — 45 — — 11 ( 15 ) 273 — Total investments $ 252 $ 3 $ 69 $ ( 5 ) $ — $ 11 $ ( 22 ) $ 308 $ 3 Liabilities: Other liabilities $ 272 $ ( 32 ) $ — $ — $ 36 $ — $ — $ 340 $ ( 32 ) (1) Amounts include proceeds from borrowings of a consolidated CLO and a contingent liability, partially offset by contingent liability payment related to prior acquisitions. (2) Earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at the reporting date. Realized and Unrealized Gains (Losses) for Level 3 Assets and Liabilities. Realized and unrealized gains (losses) recorded for Level 3 assets and liabilities are reported in nonoperating income (expense) on the condensed consolidated statements of income. A portion of net income (loss) related to securities held by CIPs is allocated to NCI to reflect net income (loss) not attributable to the Company. Transfers in and/or out of Levels. Transfers in and/or out of levels are reflected when significant inputs, including market inputs or performance attributes, used for the fair value measurement become observable/unobservable, or when the carrying value of certain equity method investments no longer represents fair value as determined under valuation methodologies. Disclosures of Fair Value for Financial Instruments Not Held at Fair Value . At September 30, 2022 and December 31, 2021, the fair value of the Company’s financial instruments not held at fair value are categorized in the table below: September 30, 2022 December 31, 2021 (in millions) Carrying Estimated Carrying Estimated Fair Value Financial Assets (1) : Cash and cash equivalents $ 6,797 $ 6,797 $ 9,323 $ 9,323 Level 1 (2) (3) Other assets $ 19 $ 19 $ 22 $ 22 Level 1 (2) (4) Financial Liabilities: Long-term borrowings $ 6,591 $ 5,754 $ 7,446 $ 7,735 Level 2 (5) (1) See Note 5, Investments , for further information on investments not held at fair value. (2) Cash and cash equivalents are carried at either cost or amortized cost, which approximates fair value due to their short-term maturities. (3) At September 30, 2022 and December 31, 2021 , approximately $ 2.3 billion and $ 2.4 billion, respectively, of money market funds were recorded within cash and cash equivalents on the condensed consolidated statements of financial condition. Money market funds are valued based on quoted market prices, or $ 1.00 per share, which generally is the NAV of the fund. (4) Other assets include restricted cash and cash collateral deposited with certain derivative counterparties. (5) Long-term borrowings are recorded at amortized cost, net of debt issuance costs. The fair value of the long-term borrowings, including the current portion of long-term borrowings, is determined using market prices and the EUR/USD foreign exchange rate at the end of September 2022 and December 2021, respectively. See Note 14, Borrowings , for the fair value of each of the Company’s long-term borrowings. Investments in Certain Entities that Calculate NAV Per Share As a practical expedient to value certain investments that do not have a readily determinable fair value and have attributes of an investment company, the Company uses NAV as the fair value. The following tables list information regarding all investments that use a fair value measurement to account for both their financial assets and financial liabilities in their calculation of a NAV per share (or equivalent). September 30, 2022 (in millions) Ref Fair Value Total Redemption Redemption Equity method: (1) Hedge funds/funds of hedge (a) $ 455 $ 102 Daily/Monthly ( 26 %) 16 %) 58 %) 1 – 90 days Private equity funds (b) 877 211 N/R N/R Real assets funds (c) 268 288 Quarterly ( 19 %) 81 %) 60 days Consolidated sponsored investment products: Real assets funds (c) 104 89 N/R N/R Other funds (d) 27 79 N/R N/R Total $ 1,731 $ 769 December 31, 2021 (in millions) Ref Fair Value Total Redemption Redemption Equity method: (1) Hedge funds/funds of hedge (a) $ 369 $ 141 Daily/Monthly ( 20 %) 20 %) 60 %) 1 – 90 days Private equity funds (b) 846 153 N/R N/R Real assets funds (c) 234 245 Quarterly ( 20 %) 80 %) 60 days Consolidated sponsored investment products: Real assets funds (c) 90 101 N/R N/R Other funds (d) 6 25 N/R N/R Total $ 1,545 $ 665 N/R – not redeemable (1) Comprised of equity method investments, which include investment companies that account for their financial assets and most financial liabilities under fair value measures; therefore, the Company’s investment in such equity method investees approximates fair value. (a) This category includes hedge funds, funds of hedge funds, and other funds that invest primarily in equities, fixed income securities, distressed credit, opportunistic and mortgage instruments and other third-party hedge funds. The fair values of the investments have been estimated using the NAV of the Company’s ownership interest in partners’ capital. The liquidation period for the investments in the funds that are not subject to redemption is unknown at both September 30, 2022 and December 31, 2021. (b) This category includes private equity funds that initially invest in nonmarketable securities of private companies, which ultimately may become public in the future. The fair values of these investments have been estimated using capital accounts representing the Company’s ownership interest in the funds and may also include other performance inputs. The Company’s investment in each fund is not subject to redemption and is normally returned through distributions as a result of the liquidation of the underlying assets of the private equity funds. The liquidation period for the investments in these funds is unknown at both September 30, 2022 and December 31, 2021. (c) This category includes several real assets funds that invest directly and indirectly in real estate or infrastructure. The fair values of the investments have been estimated using capital accounts representing the Company’s ownership interest in the funds. The Company’s investments that are not subject to redemption or are not currently redeemable are normally returned through distributions and realizations of the underlying assets of the funds. The liquidation period for the investments in the funds that are not subject to redemptions is unknown at both September 30, 2022 and December 31, 2021 . The total remaining unfunded commitments were $ 377 million and $ 346 million at September 30, 2022 and December 31, 2021 , respectively. The Company’s portion of the total remaining unfunded commitments was $ 331 million and $ 298 million at September 30, 2022 and December 31, 2021, respectively. (d) This category includes the underlying third-party private equity funds within consolidated BlackRock sponsored private equity funds of funds. These investments are not subject to redemption or are not currently redeemable; however, for certain funds, the Company may sell or transfer its interest, which may need approval by the general partner of the underlying funds. Due to the nature of the investments in this category, the Company reduces its investment by distributions that are received through the realization of the underlying assets of the funds. The liquidation period for the underlying assets of these funds is unknown. Fair Value Option At September 30, 2022 and December 31, 2021 , the Company elected the fair value option for certain investments in CLOs of approximately $ 49 million and $ 47 million, respectively, reported within investments. In addition, the Company elected the fair value option for bank loans and borrowings of a consolidated CLO, recorded within investments and other liabilities, respectively. The following table summarizes the information related to these bank loans and borrowings at September 30, 2022 and December 31, 2021: September 30, December 31, (in millions) 2022 2021 CLO Bank loans: Aggregate principal amounts outstanding $ 265 $ 281 Fair value 260 284 Aggregate unpaid principal balance in excess of (less than) fair value $ 5 $ ( 3 ) CLO Borrowings: Aggregate principal amounts outstanding $ 282 $ 275 Fair value $ 269 $ 278 At September 30, 2022 , the principal amounts outstanding of the borrowings issued by the CLOs mature in 2030 . During the three and nine months ended September 30, 2022 and 2021 , the net gains (losses) from the change in fair value of the bank loans and borrowings held by the consolidated CLO were not material and were recorded in net gain (loss) on the condensed consolidated statements of income. The change in fair value of the assets and liabilities included interest income and expense, respectively.

Derivatives and Hedging

Derivatives and Hedging	9 Months Ended
	Sep. 30, 2022
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivatives and Hedging	9. Derivatives and Hedging The Company maintains a program to enter into swaps to hedge against market price and interest rate exposures with respect to certain seed investments in sponsored investment products. At September 30, 2022 and December 31, 2021 , the Company had outstanding total return swaps with aggregate notional values of approximately $ 534 million and $ 720 million, respectively. The Company executes forward foreign currency exchange contracts to mitigate the risk of certain foreign exchange movements. At both September 30, 2022 and December 31, 2021 , the Company had outstanding forward foreign currency exchange contracts with aggregate notional values of approximately $ 1.8 billion, and with expiration dates in October 2022 and January 2022 , respectively. At both September 30, 2022 and December 31, 2021 , the Company had a derivative providing credit protection with a notional amount of approximately $ 17 million to a counterparty, representing the Company’s maximum risk of loss with respect to the derivative. The Company carries the derivative at fair value based on the expected discounted future cash outflows under the arrangement. The following table presents the fair values of derivative instruments recognized in the condensed consolidated statements of financial condition at September 30, 2022 and December 31, 2021: Assets Liabilities (in millions) Statement of September 30, 2022 December 31, 2021 Statement of September 30, 2022 December 31, 2021 Derivative Total return swaps Other assets $ 61 $ 5 Other liabilities $ — $ 14 Forward foreign Other assets 3 34 Other liabilities 35 — Total $ 64 $ 39 $ 35 $ 14 The following table presents realized and unrealized gains (losses) recognized in the condensed consolidated statements of income on derivative instruments: Three Months Ended Nine Months Ended September 30, September 30, Statement of Income 2022 2021 2022 2021 (in millions) Classification Gains (Losses) Gains (Losses) Derivative Instruments Total return swaps Nonoperating income (expense) $ 44 $ 14 $ 147 $ ( 70 ) Forward foreign currency General and administration expense ( 124 ) ( 46 ) ( 295 ) ( 36 ) Total gain (loss) from derivative instruments $ ( 80 ) $ ( 32 ) $ ( 148 ) $ ( 106 ) The Company consolidates certain sponsored investment funds, which may utilize derivative instruments as a part of the funds’ investment strategies. The change in fair value of such derivatives, which is recorded in nonoperating income (expense), was not material for the three and nine months ended September 30, 2022 and 2021. See Note 15, Borrowings , in the 2021 Form 10-K for more information on the Company’s net investment hedge.

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	10 . Goodwill Goodwill activity during the nine months ended September 30, 2022 was as follows: (in millions) December 31, 2021 $ 15,351 Other (1) ( 7 ) September 30, 2022 $ 15,344 (1) Amounts primarily resulted from a decline related to tax benefits realized from tax-deductible goodwill in excess of book goodwill from the acquisition of the fund-of-funds business of Quellos Group, LLC in October 2007 (the “Quellos Transaction”). Goodwill related to the Quellos Transaction will continue to be reduced in future periods by the amount of tax benefits realized from tax-deductible goodwill in excess of book goodwill from the Quellos Transaction. The balance of the Quellos tax-deductible goodwill in excess of book goodwill was approximately $ 19 million and $ 43 million at September 30, 2022 and December 31, 2021 , respectively.

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets	11 . Intangible Assets The carrying amounts of identifiable intangible assets are summarized as follows: (in millions) Indefinite-lived Finite-lived Total December 31, 2021 $ 17,578 $ 875 $ 18,453 Amortization expense — ( 114 ) ( 114 ) September 30, 2022 $ 17,578 $ 761 $ 18,339

Leases

Leases	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Leases	12 . Leases The following table presents components of lease cost included in general and administration expense on the condensed consolidated statements of income: Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2022 2021 2022 2021 Lease cost: Operating lease cost (1) $ 55 $ 50 $ 160 $ 128 Variable lease cost (2) 10 10 32 30 Total lease cost $ 65 $ 60 $ 192 $ 158 (1) Amounts include short-term leases, which are immaterial for the three and nine months ended September 30, 2022 and 2021 . (2) Amounts include operating lease payments, which may be adjusted based on usage, changes in an index or market rate, as well as common area maintenance charges and other variable costs not included in the measurement of right-of-use (“ROU”) assets and operating lease liabilities. Supplemental information related to operating leases is summarized below: Nine Months Ended September 30, (in millions) 2022 2021 Supplemental cash flow information: Operating cash flows from operating leases included in the measurement $ 122 $ 108 Supplemental noncash information: ROU assets in exchange for operating lease liabilities $ 45 $ 1,297 September 30, December 31, 2022 2021 Lease term and discount rate: Weighted-average remaining lease term 16 years 16 years Weighted-average discount rate 3 % 3 %

Other Assets

Other Assets	9 Months Ended
	Sep. 30, 2022
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Other Assets	13 . Other Assets At September 30, 2022 and December 31, 2021 , the Company had $ 808 million and $ 583 million of equity method investments, respectively, recorded within other assets on the condensed consolidated statements of financial condition, since such investees are considered to be an extension of BlackRock’s core business. BlackRock’s share of these investees’ underlying net income or loss is based upon the most currently available information and is recorded within advisory and other revenue. During the three and nine months ended September 30, 2022, the Company recorded a nonoperating, noncash, pre-tax gain of approximately $ 267 million in connection with the dilution of its ownership interest to approximately 25 % in its strategic minority investment in iCapital Network, Inc. ("iCapital"). During the three and nine months ended September 30, 2021, the Company recorded a nonoperating, noncash, pre-tax gain in connection with the dilution of its ownership interests in iCapital of approximately $ 107 million. At September 30, 2022, and December 31, 2021, the carrying value of the Company's interest in iCapital was approximately $ 670 million and $ 409 million, respectively. In accordance with GAAP, certain equity method investees, including iCapital, do not account for both their financial assets and liabilities under fair value measures; therefore, the Company’s investment in such equity method investees may not represent fair value. At September 30, 2022 and December 31, 2021 , the Company had $ 283 million and $ 268 million, respectively, of other nonequity method corporate minority investments recorded within other assets on the consolidated statements of financial condition, which included investments in equity securities, generally measured at fair value or under the measurement alternative to fair value for nonmarketable securities. Changes in value of these securities are recorded in nonoperating income (expense) on the consolidated statements of income. See Note 2, Significant Accounting Policies , in the notes to the consolidated financial statements contained in the 2021 Form 10-K for further information.

Borrowings

Borrowings	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Borrowings	14 . Borrowings 2022 Revolving Credit Facility. Since 2011, the Company has maintained an unsecured revolving credit facility which is available for working capital and general corporate purposes (the “2022 credit facility”). In March 2022, the 2022 credit facility was amended to, among other things, (i) increase the aggregate commitment amount by $ 300 million to $ 4.7 billion, (ii) extend the maturity date to March 2027 , (iii) change the rate for borrowings denominated in US dollars from a rate based on the London Interbank Offered Rate (“LIBOR”) to a rate based on the secured overnight financing rate (“SOFR”) subject to certain adjustments and (iv) raise and/or add certain specified targets for the sustainability-linked pricing mechanics. The 2022 credit facility permits the Company to request up to an additional $ 1.0 billion of borrowing capacity, subject to lender credit approval, which could increase the overall size of the 2022 credit facility to an aggregate principal amount of up to $ 5.7 billion. The 2022 credit facility requires the Company not to exceed a maximum leverage ratio (ratio of net debt to earnings before interest, taxes, depreciation and amortization, where net debt equals total debt less unrestricted cash) of 3 to 1 , which was satisfied with a ratio of less than 1 to 1 at September 30, 2022. At September 30, 2022 , the Company had no amount outstanding under the 2022 credit facility. Commercial Paper Program. The Company can issue unsecured commercial paper notes (the “CP Notes”) on a private-placement basis up to a maximum aggregate amount outstanding at any time of $ 4 billion. The commercial paper program is currently supported by the 2022 credit facility. At September 30, 2022 , BlackRock had no CP Notes outstanding. Long-Term Notes The carrying value and fair value of long-term notes determined using market prices and EUR/USD foreign exchange rate at September 30, 2022 included the following: (in millions) Maturity Amount Unamortized (1) Carrying Value Fair Value 3.50% Notes due 2024 $ 1,000 $ ( 1 ) $ 999 $ 985 1.25% Notes due 2025 686 ( 2 ) 684 650 3.20% Notes due 2027 700 ( 3 ) 697 659 3.25% Notes due 2029 1,000 ( 10 ) 990 899 2.40% Notes due 2030 1,000 ( 6 ) 994 825 1.90% Notes due 2031 1,250 ( 9 ) 1,241 971 2.10% Notes due 2032 1,000 ( 14 ) 986 765 Total long-term notes $ 6,636 $ ( 45 ) $ 6,591 $ 5,754 (1) The unamortized discount and debt issuance costs are being amortized over the term of the notes. Long-term notes at December 31, 2021 had a carrying value of $ 7.4 billion and a fair value of $ 7.7 billion, determined using market prices and EUR/USD foreign exchange rate at December 31, 2021. In June 2022, the Company fully repaid $ 750 million of 3.375% notes at maturity. See Note 15, Borrowings , in the 2021 Form 10-K for more information regarding the Company’s borrowings.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2022
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	15. Commitments and Contingencies Investment Commitments. At September 30, 2022 , the Company had $ 861 million of various capital commitments to fund sponsored investment products, including CIPs. These products include private equity funds, real assets funds and opportunistic funds. This amount excludes additional commitments made by consolidated funds of funds to underlying third-party funds as third-party noncontrolling interest holders have the legal obligation to fund the respective commitments of such funds of funds. Generally, the timing of the funding of these commitments is unknown and the commitments are callable on demand at any time prior to the expiration of the commitment. These unfunded commitments are not recorded on the condensed consolidated statements of financial condition. These commitments do not include potential future commitments approved by the Company that are not yet legally binding. The Company intends to make additional capital commitments from time to time to fund additional investment products for, and with, its clients. Contingencies Legal Proceedings. From time to time, BlackRock receives subpoenas or other requests for information from various US federal and state governmental and regulatory authorities and international governmental and regulatory authorities in connection with industry-wide or other investigations or proceedings. It is BlackRock’s policy to cooperate fully with such matters. The Company, certain of its subsidiaries and employees have been named as defendants in various legal actions, including arbitrations and other litigation arising in connection with BlackRock’s activities. Additionally, BlackRock-advised investment portfolios may be subject to lawsuits, any of which potentially could harm the investment returns of the applicable portfolio or result in the Company being liable to the portfolios for any resulting damages. Management, after consultation with legal counsel, currently does not anticipate that the aggregate liability arising out of regulatory matters or lawsuits will have a material effect on BlackRock’s results of operations, financial position, or cash flows. However, there is no assurance as to whether any such pending or threatened matters will have a material effect on BlackRock’s results of operations, financial position or cash flows in any future reporting period. Due to uncertainties surrounding the outcome of these matters, management cannot reasonably estimate the possible loss or range of loss that may arise from these matters. Indemnifications. In the ordinary course of business or in connection with certain acquisition agreements, BlackRock enters into contracts pursuant to which it may agree to indemnify third parties in certain circumstances. The terms of these indemnities vary from contract to contract and the amount of indemnification liability, if any, cannot be determined or the likelihood of any liability is considered remote. Consequently, no liability has been recorded on the condensed consolidated statements of financial condition. In connection with securities lending transactions, BlackRock has agreed to indemnify certain securities lending clients against potential loss resulting from a borrower’s failure to fulfill its obligations under the securities lending agreement should the value of the collateral pledged by the borrower at the time of default be insufficient to cover the borrower’s obligation under the securities lending agreement. The amount of securities on loan as of September 30, 2022 and subject to this type of indemnification was $ 265 billion. In the Company’s capacity as lending agent, cash and securities totaling $ 283 billion were held as collateral for indemnified securities on loan at September 30, 2022. The fair value of these indemnifications was not material at September 30, 2022 .

Revenue

Revenue	9 Months Ended
	Sep. 30, 2022
Revenue From Contract With Customer [Abstract]
Revenue	16 . Revenue The table below presents detail of revenue for the three and nine months ended September 30, 2022 and 2021 and includes the product mix of investment advisory, administration fees and securities lending revenue, and performance fees. Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2022 2021 2022 2021 Investment advisory, administration fees and Equity: Active $ 503 $ 674 $ 1,669 $ 1,891 ETFs 1,063 1,212 3,324 3,436 Non-ETF Index 179 207 552 581 Equity subtotal 1,745 2,093 5,545 5,908 Fixed income: Active 478 561 1,515 1,631 ETFs 276 304 839 893 Non-ETF Index 91 121 311 350 Fixed income subtotal 845 986 2,665 2,874 Multi-asset 316 369 1,006 1,041 Alternatives: Illiquid alternatives 184 166 547 501 Liquid alternatives 155 163 483 460 Currency and commodities (1) 51 55 169 163 Alternatives subtotal 390 384 1,199 1,124 Long-term 3,296 3,832 10,415 10,947 Cash management 235 111 637 345 Total investment advisory, administration fees 3,531 3,943 11,052 11,292 Investment advisory performance fees: Equity ( 2 ) 8 13 70 Fixed income ( 3 ) 2 19 31 Multi-asset 2 — 14 17 Alternatives: Illiquid alternatives 79 50 181 147 Liquid alternatives 6 285 59 549 Alternatives subtotal 85 335 240 696 Total performance fees 82 345 286 814 Technology services revenue 338 320 1,011 942 Distribution fees: Retrocessions 241 294 789 796 12b-1 fees (US mutual fund distribution fees) 75 91 243 263 Other 9 16 35 51 Total distribution fees 325 401 1,067 1,110 Advisory and other revenue: Advisory 8 13 39 37 Other 27 28 81 73 Total advisory and other revenue 35 41 120 110 Total revenue $ 4,311 $ 5,050 $ 13,536 $ 14,268 (1) Amounts include commodity ETFs. The tables below present the investment advisory, administration fees and securities lending revenue by client type and investment style: Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2022 2021 2022 2021 By client type: Retail $ 1,058 $ 1,291 $ 3,421 $ 3,647 ETFs 1,385 1,571 4,322 4,493 Institutional: Active 623 684 1,934 1,991 Index 230 286 738 816 Total institutional 853 970 2,672 2,807 Long-term 3,296 3,832 10,415 10,947 Cash management 235 111 637 345 Total $ 3,531 $ 3,943 $ 11,052 $ 11,292 By investment style: Active $ 1,635 $ 1,928 $ 5,213 $ 5,509 Index and ETFs 1,661 1,904 5,202 5,438 Long-term 3,296 3,832 10,415 10,947 Cash management 235 111 637 345 Total $ 3,531 $ 3,943 $ 11,052 $ 11,292 Investment Advisory and Administration Fees – Remaining Performance Obligation The tables below present estimated investment advisory and administration fees expected to be recognized in the future related to the unsatisfied portion of the performance obligations at September 30, 2022 and 2021: September 30, 2022 Remainder of (in millions) 2022 2023 2024 2025 Thereafter Total Investment advisory and Alternatives (1)(2) $ 47 $ 176 $ 112 $ 73 $ 53 $ 461 September 30, 2021 Remainder of (in millions) 2021 2022 2023 2024 Thereafter Total Investment advisory and Alternatives (1)(2) $ 45 $ 157 $ 143 $ 85 $ 51 $ 481 (1) Investment advisory and administration fees include management fees related to certain alternative products, which are based on contractual committed capital outstanding at September 30, 2022 and 2021. Actual management fees could be higher to the extent additional committed capital is raised. These fees are generally billed on a quarterly basis in arrears. (2) The Company elected the following practical expedients and therefore does not include amounts related to (1) performance obligations with an original duration of one year or less, and (2) variable consideration related to future service periods. Change in Deferred Carried Interest Liability The table below presents changes in the deferred carried interest liability, which is included in other liabilities on the condensed consolidated statements of financial condition, for the three and nine months ended September 30, 2022 and 2021: Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2022 2021 2022 2021 Beginning balance $ 1,592 $ 1,132 $ 1,508 $ 584 Net increase (decrease) in unrealized allocations ( 58 ) 277 119 904 Performance fee revenue recognized ( 72 ) ( 43 ) ( 165 ) ( 122 ) Ending balance $ 1,462 $ 1,366 $ 1,462 $ 1,366 Technology Services Revenue – Remaining Performance Obligation The tables below present estimated technology services revenue expected to be recognized in the future related to the unsatisfied portion of the performance obligations at September 30, 2022 and 2021: September 30, 2022 Remainder of (in millions) 2022 2023 2024 2025 Thereafter Total Technology services revenue (1)(2) $ 29 $ 79 $ 45 $ 29 $ 26 $ 208 September 30, 2021 Remainder of (in millions) 2021 2022 2023 2024 Thereafter Total Technology services revenue (1)(2) $ 38 $ 83 $ 43 $ 22 $ 18 $ 204 (1) Technology services revenue primarily includes upfront payments from customers, which the Company generally recognizes as services are performed. (2) The Company elected the following practical expedients and therefore does not include amounts related to (1) performance obligations with an original duration of one year or less, and (2) variable consideration related to future service periods. In addition to amounts disclosed in the tables above, certain technology services contracts require fixed minimum fees, which are billed on a monthly or quarterly basis in arrears. The Company recognizes such revenue as services are performed. As of September 30, 2022 , the estimated fixed minimum fees for the remainder of the year approximated $ 215 million. The term for these contracts, which are either in their initial or renewal period, ranges from one to five years . The table below presents changes in the technology services deferred revenue liability for the three and nine months ended September 30, 2022 and 2021, which is included in other liabilities on the condensed consolidated statements of financial condition: Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2022 2021 2022 2021 Beginning balance $ 108 $ 107 $ 122 $ 123 Additions (1) 25 28 74 72 Revenue recognized that was included ( 32 ) ( 31 ) ( 95 ) ( 91 ) Ending balance $ 101 $ 104 $ 101 $ 104 (1) Amounts are net of revenue recognized.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	17. Stock-Based Compensation Restricted Stock and RSUs. Restricted stock and restricted stock units (“RSUs”) activity for the nine months ended September 30, 2022 is summarized below. Outstanding at Restricted Weighted- December 31, 2021 2,183,017 $ 586.45 Granted 772,627 $ 822.03 Converted ( 876,449 ) $ 502.79 Forfeited ( 58,116 ) $ 703.34 September 30, 2022 2,021,079 $ 709.43 In January 2022, the Company granted 498,633 RSUs or shares of restricted stock to employees as part of 2021 annual incentive compensation that vest ratably over three years from the date of grant and 197,817 RSUs or shares of restricted stock to employees that cliff vest 100 % on January 31, 2025 . The Company values restricted stock and RSUs at their grant-date fair value as measured by BlackRock’s common stock price. The total fair market value of RSUs/restricted stock granted to employees during the nine months ended September 30, 2022 was $ 635 million . At September 30, 2022, the intrinsic value of outstanding RSUs was $ 1.1 billion , reflecting a closing stock price of $ 550.28 . At September 30, 2022 , total unrecognized stock-based compensation expense related to unvested RSUs was $ 615 million. The unrecognized compensation cost is expected to be recognized over the remaining weighted-average period of 1.1 years . Performance-Based RSUs. Performance-based RSU activity for the nine months ended September 30, 2022 is summarized below. Outstanding at Performance- Weighted- December 31, 2021 668,805 $ 533.48 Granted 143,846 $ 820.28 Additional shares granted due to attainment of 111,991 $ 410.32 Converted ( 385,134 ) $ 410.32 Forfeited ( 8,454 ) $ 662.34 September 30, 2022 531,054 $ 672.47 In January 2022, the Company granted 143,846 performance-based RSUs that cliff vest 100 % on January 31, 2025 . These awards are amortized over a service period of three years . The number of shares distributed at vesting could be higher or lower than the original grant based on the level of attainment of predetermined Company performance measures. In January 2022, the Company granted 111,991 additional RSUs based on the attainment of Company performance measures during the performance period. The Company values performance-based RSUs at their grant-date fair value as measured by BlackRock’s common stock price. The total grant-date fair market value of performance-based RSUs granted to employees during the nine months ended September 30, 2022 was $ 164 million . At September 30, 2022, the intrinsic value of outstanding performance-based RSUs was $ 292 million , reflecting a closing stock price of $ 550.28 . At September 30, 2022 , total unrecognized stock-based compensation expense related to unvested performance-based awards was $ 147 million. The unrecognized compensation cost is expected to be recognized over the remaining weighted-average period of 1.2 years . See Note 18, Stock-Based Compensation, in the 2021 Form 10-K for more information on performance-based RSUs. Performance-based Stock Options. Stock option activity for the nine months ended September 30, 2022 is summarized below. Outstanding at Shares Weighted December 31, 2021 1,817,923 $ 513.50 Forfeited ( 60,390 ) $ 513.50 September 30, 2022 1,757,533 $ 513.50 Vesting of the performance-based stock options is contingent upon the achievement of obtaining 125 % of BlackRock's grant-date stock price within five years from the grant date and the attainment of Company performance measures during the four-year performance period. Both hurdles have been achieved, and the awards will vest in three equal installments at the end of 2022 , 2023 and 2024 , respectively. Vested options are exercisable for up to nine years following the grant date. The awards are generally forfeited if the employee leaves the Company before the respective vesting date. The expense for each tranche is amortized over the respective requisite service period. At September 30, 2022 , total unrecognized stock-based compensation expense related to unvested performance-based stock options was $ 26 million. The unrecognized compensation cost is expected to be recognized over the remaining weighted-average period of 1.2 years . At September 30, 2022, the weighted-average remaining life of the awards is approximately 4.2 years . See Note 18, Stock-Based Compensation, in the 2021 Form 10-K for more information on performance-based stock options.

Net Capital Requirements

Net Capital Requirements	9 Months Ended
	Sep. 30, 2022
Regulatory Capital Requirements [Abstract]
Net Capital Requirements	18 . Net Capital Requirements The Company is required to maintain net capital in certain regulated subsidiaries within a number of jurisdictions, which is partially maintained by retaining cash and cash equivalent investments in those subsidiaries or jurisdictions. As a result, such subsidiaries of the Company may be restricted in their ability to transfer cash between different jurisdictions and to their parents. Additionally, transfers of cash between international jurisdictions may have adverse tax consequences that could discourage such transfers. At September 30, 2022 , the Company was required to maintain approximately $ 2.1 billion in net capital in certain regulated subsidiaries, including BlackRock Institutional Trust Company, N.A. (a wholly owned subsidiary of the Company that is chartered as a national bank whose powers are limited to trust and other fiduciary activities and which is subject to regulatory capital requirements administered by the US Office of the Comptroller of the Currency), entities regulated by the Financial Conduct Authority and Prudential Regulation Authority in the UK, and the Company’s broker-dealers. The Company was in compliance with all applicable regulatory net capital requirements.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	19 . Accumulated Other Comprehensive Income (Loss) The following table presents changes in AOCI for the three and nine months ended September 30, 2022 and 2021: Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2022 2021 2022 2021 Beginning balance $ ( 1,091 ) $ ( 388 ) $ ( 550 ) $ ( 337 ) Foreign currency translation adjustments (1) ( 381 ) ( 138 ) ( 922 ) ( 189 ) Ending balance $ ( 1,472 ) $ ( 526 ) $ ( 1,472 ) $ ( 526 ) (1) Amounts for the three months ended September 30, 2022 and 2021 include gains from a net investment hedge of $ 35 million (net of tax expense of $ 11 million) and $ 14 million (net of tax expense of $ 5 million), respectively. Amounts for the nine months ended September 30, 2022 and 2021 include gains from a net investment hedge of $ 84 million (net of tax expense of $ 26 million) and $ 34 million (net of tax expense of $ 11 million), respectively.

Capital Stock

Capital Stock	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Capital Stock	20. Capital Stock Share Repurchases . During the nine months ended September 30, 2022, the Company repurchased 2.0 million common shares under the Company’s existing share repurchase program for approximately $ 1.4 billion . At September 30, 2022, there were approximately 1.7 million shares still authorized to be repurchased under the program.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	21 . Income Taxes Income tax expense for the three months ended September 30, 2022 included approximately $ 93 million of discrete tax benefits related to the resolution of certain outstanding tax matters. Income tax expense for the nine months ended September 30, 2022 included $ 139 million of discrete tax benefits related to the resolution of certain outstanding tax matters and $ 87 million of discrete tax benefits related to stock-based compensation awards that vested in 2022. In addition, GAAP income tax expense for the nine months ended September 30, 2022 included $ 18 million of net noncash tax benefit related to the revaluation of certain deferred income tax liabilities. Income tax expense for the nine months ended September 30, 2021 included $ 171 million of noncash net expense related to the revaluation of certain deferred tax assets and liabilities as a result of legislation enacted in the UK increasing its corporate tax rate. Income tax expense for the nine months ended September 30, 2021 , also reflected $ 42 million of discrete tax benefits primarily related to stock-based compensation awards that vested in the first quarter of 2021.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	22 . Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share (“EPS”) for the three and nine months ended September 30, 2022 and 2021 under the treasury stock method: Three Months Ended Nine Months Ended September 30, September 30, (in millions, except shares and per share data) 2022 2021 2022 2021 Net income attributable to BlackRock, Inc. $ 1,406 $ 1,681 $ 3,919 $ 4,258 Basic weighted-average shares outstanding 150,644,985 152,120,927 151,219,485 152,375,504 Dilutive effect of: Nonparticipating RSUs 981,319 1,474,725 1,015,467 1,354,405 Stock options 335,085 747,625 409,102 622,681 Total diluted weighted-average shares 151,961,389 154,343,277 152,644,054 154,352,590 Basic earnings per share $ 9.33 $ 11.05 $ 25.92 $ 27.94 Diluted earnings per share $ 9.25 $ 10.89 $ 25.67 $ 27.59 For the three and nine months ended September 30, 2022 , 371,687 and 348,343 RSUs, respectively, were excluded from the calculation of diluted EPS because to include them would have an anti-dilutive effect. The amount of anti-dilutive RSUs was immaterial for the three and nine months ended September 30, 2021. Certain performance-based RSUs were excluded from the diluted EPS calculation because the designated contingency was not met for the three and nine months ended September 30, 2022 and 2021 , respectively.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Segment Information	23 . Segment Information The Company’s management directs BlackRock’s operations as one business, the asset management business. The Company utilizes a consolidated approach to assess performance and allocate resources. As such, the Company operates in one business segment. The following table illustrates total revenue for the three and nine months ended September 30, 2022 and 2021 by geographic region. These amounts are aggregated on a legal entity basis and do not necessarily reflect where the customer resides or affiliated services are provided. Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2022 2021 2022 2021 Revenue Americas $ 2,890 $ 3,127 $ 8,993 $ 9,095 Europe 1,241 1,706 3,944 4,533 Asia-Pacific 180 217 599 640 Total revenue $ 4,311 $ 5,050 $ 13,536 $ 14,268 See Note 16, Revenue , for further information on the Company’s sources of revenue. The following table illustrates long-lived assets that consist of goodwill and property and equipment at September 30, 2022 and December 31, 2021 by geographic region. These amounts are aggregated on a legal entity basis and do not necessarily reflect where the asset is physically located. September 30, December 31, (in millions) 2022 2021 Long-lived Assets Americas $ 14,898 $ 14,675 Europe 1,316 1,341 Asia-Pacific 95 97 Total long-lived assets $ 16,309 $ 16,113 Americas is primarily comprised of the United States, Latin America and Canada, while Europe is primarily comprised of the United Kingdom, the Netherlands, Switzerland, France, Ireland and Luxembourg. Asia-Pacific is primarily comprised of Hong Kong, Australia, Japan and Singapore.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	24 . Subsequent Events The Company conducted a review for subsequent events and determined that no subsequent events had occurred that would require accrual or additional disclosures.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation These condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and include the accounts of the Company and its controlled subsidiaries. Noncontrolling interests (“NCI”) on the condensed consolidated statements of financial condition represent the portion of consolidated sponsored investment products (“CIPs”) and a consolidated affiliate (collectively, “consolidated entities”) in which the Company does not have direct equity ownership. Intercompany balances and transactions have been eliminated upon consolidation. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reporting periods. Actual results could differ from those estimates. Certain financial information that normally is included in annual financial statements, including certain financial statement footnotes, is not required for interim reporting purposes and has been condensed or omitted herein. These condensed consolidated financial statements should be read in conjunction with the Company’s consolidated financial statements and footnotes related thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, which was filed with the Securities and Exchange Commission on February 25, 2022 (“2021 Form 10-K”). The interim financial information at September 30, 2022 and for the three and nine months ended September 30, 2022 and 2021 is unaudited. However, in the opinion of management, the interim information includes all normal recurring adjustments necessary for the fair presentation of the Company’s results for the periods presented. The results of operations for interim periods are not necessarily indicative of results to be expected for the full year. Certain prior period presentations and disclosures, while not required to be recast, were reclassified to ensure comparability with current period classifications.
Fair Value Measurements	Fair Value Measurements Hierarchy of Fair Value Inputs. The Company uses a fair value hierarchy that prioritizes inputs to valuation approaches used to measure fair value. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. Assets and liabilities measured and reported at fair value are classified and disclosed in one of the following categories: Level 1 Inputs: Quoted prices (unadjusted) in active markets for identical assets or liabilities at the reporting date. • Level 1 assets may include listed mutual funds, ETFs, listed equities and certain exchange-traded derivatives. Level 2 Inputs: Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities that are not active; quotes from pricing services or brokers for which the Company can determine that orderly transactions took place at the quoted price or that the inputs used to arrive at the price are observable; and inputs other than quoted prices that are observable, such as models or other valuation methodologies. • Level 2 assets may include debt securities, bank loans held within consolidated collateralized loan obligations (“CLOs”), short-term floating-rate notes, asset-backed securities, as well as over-the-counter derivatives, including interest rate swaps and foreign currency exchange contracts that have inputs to the valuations that generally can be corroborated by observable market data. Level 3 Inputs: Unobservable inputs for the valuation of the asset or liability, which may include nonbinding broker quotes. Level 3 assets include investments for which there is little, if any, market activity. These inputs require significant management judgment or estimation. • Level 3 assets may include direct private equity investments held within consolidated funds, investments in CLOs and bank loans held within consolidated CLOs. • Level 3 liabilities may include borrowings of consolidated CLOs and contingent liabilities related to acquisitions valued based upon discounted cash flow analyses using unobservable market data. Significance of Inputs. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the financial instrument. Valuation Approaches. The fair values of certain Level 3 assets and liabilities were determined using various valuation approaches as appropriate, including third-party pricing vendors, broker quotes and market and income approaches. A significant number of inputs used to value equity, debt securities, investments in CLOs and bank loans is sourced from third-party pricing vendors. Generally, prices obtained from pricing vendors are categorized as Level 1 inputs for identical securities traded in active markets and as Level 2 for other similar securities if the vendor uses observable inputs in determining the price. In addition, quotes obtained from brokers generally are nonbinding and categorized as Level 3 inputs. However, if the Company is able to determine that market participants have transacted for the asset in an orderly manner near the quoted price or if the Company can determine that the inputs used by the broker are observable, the quote is classified as a Level 2 input. Investments Measured at Net Asset Values. As a practical expedient, the Company uses net asset value (“NAV”) as the fair value for certain investments. The inputs to value these investments may include the Company’s capital accounts for its partnership interests in various alternative investments, including hedge funds, real assets and private equity funds, which may be adjusted by using the returns of certain market indices. The various partnerships generally are investment companies, which record their underlying investments at fair value based on fair value policies established by management of the underlying fund. Fair value policies at the underlying fund generally require the fund to utilize pricing/valuation information from third-party sources, including independent appraisals. However, in some instances, current valuation information for illiquid securities or securities in markets that are not active may not be available from any third-party source or fund management may conclude that the valuations that are available from third-party sources are not reliable. In these instances, fund management may perform model-based analytical valuations that could be used as an input to value these investments. Fair Value Assets and Liabilities of Consolidated CLO. The Company applies the fair value option provisions for eligible assets, including bank loans, held by a consolidated CLO. As the fair value of the financial assets of the consolidated CLO is more observable than the fair value of the borrowings of the consolidated CLO, the Company measures the fair value of the borrowings of the consolidated CLO equal to the fair value of the assets of the consolidated CLO less the fair value of the Company’s economic interest in the CLO.
Derivatives and Hedging Activities	Derivatives and Hedging Activities . The Company does not use derivative financial instruments for trading or speculative purposes. The Company uses derivative financial instruments primarily for purposes of hedging exposures to fluctuations in foreign currency exchange rates of certain assets and liabilities, and market exposures for certain seed investments. However, certain CIPs also utilize derivatives as a part of their investment strategy. The Company records all derivative financial instruments as either assets or liabilities at fair value on a gross basis in the condensed consolidated statements of financial condition. Credit risks are managed through master netting and collateral support agreements. The amounts related to the right to reclaim or the obligation to return cash collateral may not be used to offset amounts due under the derivative instruments in the normal course of settlement. Therefore, such amounts are not offset against fair value amounts recognized for derivative instruments with the same counterparty and are included in other assets and other liabilities. Changes in the fair value of the Company’s derivative financial instruments are recognized in earnings and, where applicable, are offset by the corresponding gain or loss on the related foreign-denominated assets or liabilities or hedged investments, on the condensed consolidated statements of income. The Company may also use financial instruments designated as net investment hedges for accounting purposes to hedge net investments in international subsidiaries whose functional currency is not US dollars. The gain or loss from revaluing net investment hedges at the spot rate is deferred and reported within accumulated other comprehensive income (loss) (“AOCI”) on the condensed consolidated statements of financial condition. The Company reassesses the effectiveness of its net investment hedge at least quarterly.
Separate Account Assets and Liabilities	Separate Account Assets and Liabilities . Separate account assets are maintained by BlackRock Life Limited, a wholly owned subsidiary of the Company, which is a registered life insurance company in the United Kingdom (“UK”), and represent segregated assets held for purposes of funding individual and group pension contracts. The life insurance company does not underwrite any insurance contracts that involve any insurance risk transfer from the insured to the life insurance company. The separate account assets primarily include equity securities, debt securities, money market funds and derivatives. The separate account assets are not subject to general claims of the creditors of BlackRock. These separate account assets and the related equal and offsetting liabilities are recorded as separate account assets and separate account liabilities on the condensed consolidated statements of financial condition. The net investment income attributable to separate account assets supporting individual and group pension contracts accrues directly to the contract owner and is not reported on the condensed consolidated statements of income. While BlackRock has no economic interest in these separate account assets and liabilities, BlackRock earns policy administration and management fees associated with these products, which are included in investment advisory, administration fees and securities lending revenue on the condensed consolidated statements of income.
Separate Account Collateral Assets Held and Liabilities Under Securities Lending Agreements	Separate Account Collateral Assets Held and Liabilities Under Securities Lending Agreements. The Company facilitates securities lending arrangements whereby securities held by separate accounts maintained by BlackRock Life Limited are lent to third parties under global master securities lending agreements. In exchange, the Company obtains either (1) the legal title, or (2) a first ranking priority security interest, in the collateral. The minimum collateral values generally range from approximately 102 % to 112 % of the value of the securities in order to reduce counterparty risk. The required collateral value is calculated on a daily basis. The global master securities lending agreements provide the Company the right to request additional collateral or, in the event of borrower default, the right to liquidate collateral. The securities lending transactions entered into by the Company are accompanied by an agreement that entitles the Company to request the borrower to return the securities at any time; therefore, these transactions are not reported as sales. In situations where the Company obtains the legal title to collateral under these securities lending arrangements, the Company records an asset on the condensed consolidated statements of financial condition in addition to an equal collateral liability for the obligation to return the collateral. Additionally, in situations where the Company obtains a first ranking priority security interest in the collateral, the Company does not have the ability to pledge or resell the collateral and therefore does not record the collateral on the condensed consolidated statements of financial condition. At September 30, 2022 and December 31, 2021 , the fair value of loaned securities held by separate accounts was approximately $ 9.7 billion and $ 13.2 billion, respectively, and the fair value of the collateral under these securities lending agreements was approximately $ 10.5 billion and $ 14.1 billion, respectively, of which approximately $ 5.9 billion as of September 30, 2022 and $ 7.1 billion as of December 31, 2021 was recognized on the condensed consolidated statements of financial condition. During the nine months ended September 30, 2022 and 2021 , the Company had no t resold or repledged any of the collateral obtained under these arrangements. The securities lending revenue earned from lending securities held by the separate accounts is included in investment advisory, administration fees and securities lending revenue on the condensed consolidated statements of income .
Money Market Fee Waivers	Money Market Fee Waivers. The Company may voluntarily waive a portion of its management fees on certain money market funds to ensure that they maintain a targeted level of daily net investment income (the “Yield Support waivers”). These waivers resulted in a reduction of management fees of approximately $ 0 million and $ 72 million, during the three and nine months ended September 30, 2022 , respectively, and approximately $ 130 million and $ 360 million, during the three and nine months ended September 30, 2021 , respectively. The reduction in management fees was partially offset by a reduction of BlackRock’s distribution and servicing costs paid to financial intermediaries. The Company may increase or decrease the level of Yield Support waivers in future periods.

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2022
Business Combinations [Abstract]
Summary of Fair Values of Assets Acquired and Liabilities Assumed	A summary of the fair values of the assets acquired and liabilities assumed in this acquisition is as follows: (in millions) Fair Value Accounts receivable $ 16 Finite-lived intangible assets: Customer relationships 270 Other 17 Goodwill 776 Deferred income tax liabilities ( 16 ) Other liabilities assumed ( 12 ) Total consideration, net of cash acquired $ 1,051 Summary of consideration, net of cash acquired: Cash paid $ 1,055 Cash acquired ( 4 ) Total consideration, net of cash acquired $ 1,051

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash (Tables)	9 Months Ended
	Sep. 30, 2022
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents [Abstract]
Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash	The following table provides a reconciliation of cash and cash equivalents reported within the condensed consolidated statements of financial condition to the cash, cash equivalents, and restricted cash reported within the condensed consolidated statements of cash flows. September 30, December 31, 2022 2021 (in millions) Cash and cash equivalents $ 6,797 $ 9,323 Restricted cash included in other assets 17 17 Total cash, cash equivalents and restricted cash $ 6,814 $ 9,340

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2022
Investments Debt And Equity Securities [Abstract]
Summary of Carrying Value of Total Investments	A summary of the carrying value of total investments is as follows: September 30, December 31, (in millions) 2022 2021 Debt securities: Trading securities (including $ 1,112 and $ 1,140 trading debt securities of $ 1,162 $ 1,186 Held-to-maturity investments 495 430 Total debt securities 1,657 1,616 Equity securities at FVTNI (including $ 1,145 and $ 1,485 equity securities at FVTNI 1,285 1,738 Equity method investments (1) 1,801 1,694 Bank loans held by CIPs 260 284 Federal Reserve Bank stock (2) 91 96 Carried interest (3) 1,525 1,555 Other investments (4) 288 279 Total investments $ 6,907 $ 7,262 (1) Equity method investments primarily include BlackRock’s direct investments in certain BlackRock sponsored investment funds. (2) Federal Reserve Bank stock is held for regulatory purposes and is restricted from sale. (3) Carried interest represents allocations to BlackRock’s general partner capital accounts from certain sponsored investment funds. These balances are subject to change upon cash distributions, additional allocations or reallocations back to limited partners within the respective funds. (4) Other investments include BlackRock’s investments in nonmarketable equity securities, which are measured at cost, adjusted for observable price changes and private equity and real asset investments held by CIPs measured at fair value.
Summary of Cost and Carrying Value of Equity and Trading Debt Securities	A summary of the cost and carrying value of trading debt securities and equity securities at fair value recorded through net income (“FVTNI”) is as follows: September 30, 2022 December 31, 2021 (in millions) Cost Carrying Cost Carrying Trading debt securities: Corporate debt $ 774 $ 703 $ 703 $ 701 Government debt 365 331 365 363 Asset/mortgage-backed debt 141 128 126 122 Total trading debt securities $ 1,280 $ 1,162 $ 1,194 $ 1,186 Equity securities at FVTNI: Equity securities/mutual funds $ 1,302 $ 1,285 $ 1,451 $ 1,738

Consolidated Sponsored Invest_2

Consolidated Sponsored Investment Products (Tables)	9 Months Ended
	Sep. 30, 2022
Statement Of Financial Position [Abstract]
Consolidated VIEs And VREs Recorded in Condensed Consolidated Statements of Financial Condition	The following table presents the balances related to these CIPs accounted for as VIEs and VREs that were recorded on the condensed consolidated statements of financial condition, including BlackRock’s net interest in these products: September 30, 2022 December 31, 2021 (in millions) VIEs VREs Total VIEs VREs Total Cash and cash equivalents (1) $ 275 $ 51 $ 326 $ 251 $ 57 $ 308 Investments: Trading debt securities 806 306 1,112 870 270 1,140 Equity securities at FVTNI 771 374 1,145 1,100 385 1,485 Bank loans 260 — 260 284 — 284 Other investments 242 — 242 210 — 210 Carried interest 1,454 — 1,454 1,504 — 1,504 Total investments 3,533 680 4,213 3,968 655 4,623 Other assets 68 27 95 50 32 82 Other liabilities (2) ( 1,902 ) ( 39 ) ( 1,941 ) ( 1,919 ) ( 82 ) ( 2,001 ) Noncontrolling interests - CIPs ( 793 ) ( 101 ) ( 894 ) ( 1,046 ) ( 79 ) ( 1,125 ) BlackRock's net interests in CIPs $ 1,181 $ 618 $ 1,799 $ 1,304 $ 583 $ 1,887 (1) The Company cannot readily access cash and cash equivalents held by CIPs to use in its operating activities. (2) At both September 30, 2022 and December 31, 2021 , other liabilities of VIEs primarily include deferred carried interest liabilities and borrowings of a consolidated CLO.
Schedule of Nonoperating Gains (Loss) Related to Consolidated Variable Interest Entity	Net gain (loss) related to consolidated VIEs is presented in the following table: Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2022 2021 2022 2021 Nonoperating net gain (loss) on consolidated VIEs $ ( 89 ) $ 50 $ ( 405 ) $ 323 Net income (loss) attributable to NCI on consolidated VIEs $ ( 35 ) $ 73 $ ( 218 ) $ 296

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2022
Variable Interest Entity, Not Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Schedule of VIE Assets and Liabilities	At September 30, 2022 and December 31, 2021, the Company’s carrying value of assets and liabilities included on the condensed consolidated statements of financial condition pertaining to nonconsolidated VIEs and its maximum risk of loss related to VIEs for which it held a variable interest, but for which it was not the primary beneficiary, was as follows: Advisory Fee Other Net Assets Maximum (in millions) Investments Receivables (Liabilities) Risk of Loss (1) At September 30, 2022 Sponsored investment $ 1,031 $ 79 $ ( 11 ) $ 1,127 At December 31, 2021 Sponsored investment $ 882 $ 62 $ ( 12 ) $ 961 (1) At both September 30, 2022 and December 31, 2021 , BlackRock’s maximum risk of loss associated with these VIEs primarily related to BlackRock’s investments and the collection of advisory fee receivables.

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring Basis	Assets and liabilities measured at fair value on a recurring basis September 30, 2022 (in millions) Quoted Prices Significant Significant Investments (1) Other (2) September 30, Assets: Investments Debt securities: Held-to-maturity investments $ — $ — $ — $ — $ 495 $ 495 Trading securities — 1,113 49 — — 1,162 Total debt securities — 1,113 49 — 495 1,657 Equity securities at FVTNI: Equity securities/mutual funds 1,285 — — — — 1,285 Equity method: Equity and fixed income mutual 201 — — — — 201 Hedge funds/funds of hedge — — — 455 — 455 Private equity funds — — — 877 — 877 Real assets funds — — — 268 — 268 Total equity method 201 — — 1,600 — 1,801 Bank loans — 24 236 — — 260 Federal Reserve Bank Stock — — — — 91 91 Carried interest — — — — 1,525 1,525 Other investment — — — 131 157 288 Total investments 1,486 1,137 285 1,731 2,268 6,907 Other assets (3) 105 64 — — — 169 Separate account assets 33,686 16,492 — — 894 51,072 Separate account collateral held under securities lending agreements: Equity securities 1,946 — — — — 1,946 Debt securities — 3,921 — — — 3,921 Total separate account collateral held 1,946 3,921 — — — 5,867 Total $ 37,223 $ 21,614 $ 285 $ 1,731 $ 3,162 $ 64,015 Liabilities: Separate account collateral $ 1,946 $ 3,921 $ — $ — $ — $ 5,867 Other liabilities (4) — 46 303 — — 349 Total $ 1,946 $ 3,967 $ 303 $ — $ — $ 6,216 (1) Amounts are comprised of certain investments measured at fair value using NAV (or its equivalent) as a practical expedient. (2) Amounts are comprised of investments held at amortized cost and cost, adjusted for observable price changes, carried interest and certain equity method investments, which include sponsored investment funds and other assets, which are not accounted for under a fair value measure. In accordance with GAAP, certain equity method investees do not account for both their financial assets and liabilities under fair value measures; therefore, the Company’s investment in such equity method investees may not represent fair value. (3) Level 1 amount includes a minority investment in a publicly traded company. Level 2 amount primarily includes fair value of derivatives (See Note 9, Derivatives and Hedging , for more information). (4) Level 2 amount primarily includes fair value of derivatives (See Note 9, Derivatives and Hedging , for more information). Level 3 amounts primarily include borrowings of a consolidated CLO classified based on the significance of unobservable inputs used for calculating the fair value of consolidated CLO assets, and contingent liabilities related to certain acquisitions (see Note 15, Commitments and Contingencies , for more information). Assets and liabilities measured at fair value on a recurring basis December 31, 2021 (in millions) Quoted Prices Significant Significant Investments (1) Other (2) December 31, Assets: Investments Debt securities: Held-to-maturity investments $ — $ — $ — $ — $ 430 $ 430 Trading securities — 1,169 17 — — 1,186 Total debt securities — 1,169 17 — 430 1,616 Equity securities at FVTNI: Equity securities/mutual funds 1,738 — — — — 1,738 Equity method: Equity and fixed income mutual 245 — — — — 245 Hedge funds/funds of hedge — — — 369 — 369 Private equity funds — — — 846 — 846 Real assets funds — — — 234 — 234 Total equity method 245 — — 1,449 — 1,694 Bank loans — 14 270 — — 284 Federal Reserve Bank Stock — — — — 96 96 Carried interest — — — — 1,555 1,555 Other investments (3) — — 5 96 178 279 Total investments 1,983 1,183 292 1,545 2,259 7,262 Other assets (4) 195 39 — — — 234 Separate account assets 54,675 30,786 — — 765 86,226 Separate account collateral held under securities lending agreements: Equity securities 3,717 — — — — 3,717 Debt securities — 3,364 — — — 3,364 Total separate account collateral held 3,717 3,364 — — — 7,081 Total $ 60,570 $ 35,372 $ 292 $ 1,545 $ 3,024 $ 100,803 Liabilities: Separate account collateral $ 3,717 $ 3,364 $ — $ — $ — $ 7,081 Other liabilities (5) — 26 342 — — 368 Total $ 3,717 $ 3,390 $ 342 $ — $ — $ 7,449 (1) Amounts are comprised of certain investments measured at fair value using NAV (or its equivalent) as a practical expedient. (2) Amounts are comprised of investments held at amortized cost and cost, adjusted for observable price changes, carried interest and certain equity method investments, which include sponsored investment funds and other assets, which are not accounted for under a fair value measure. In accordance with GAAP, certain equity method investees do not account for both their financial assets and liabilities under fair value measures; therefore, the Company’s investment in such equity method investees may not represent fair value. (3) Level 3 amounts include direct investments in private equity companies held by consolidated private equity funds. (4) Level 1 amount includes a minority investment in a publicly traded company. Level 2 amount primarily includes fair value of derivatives (See Note 9, Derivatives and Hedging , for more information). (5) Level 2 amount primarily includes fair value of derivatives (See Note 9, Derivatives and Hedging , for more information). Level 3 amounts primarily include borrowings of a consolidated CLO classified based on the significance of unobservable inputs used for calculating the fair value of consolidated CLO assets, and contingent liabilities related to certain acquisitions (see Note 15, Commitments and Contingencies , for more information).
Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis	Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Three Months Ended September 30, 2022 (in millions) June 30, Realized Purchases Sales and Issuances and Transfers Transfers September 30, Total Net (1) Assets: Investments: Debt securities: Trading $ 16 $ ( 1 ) $ 14 $ ( 5 ) $ — $ 25 $ — $ 49 $ ( 1 ) Total debt securities 16 ( 1 ) 14 ( 5 ) — 25 — 49 ( 1 ) Private equity 4 ( 2 ) — — — — ( 2 ) — — Bank loans 252 ( 1 ) — ( 16 ) — 4 ( 3 ) 236 ( 1 ) Total investments $ 272 $ ( 4 ) $ 14 $ ( 21 ) $ — $ 29 $ ( 5 ) $ 285 $ ( 2 ) Liabilities: Other liabilities $ 314 $ 8 $ — $ — $ ( 3 ) $ — $ — $ 303 $ 8 (1) Earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at the reporting date. Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Nine Months Ended September 30, 2022 (in millions) December 31, Realized Purchases Sales and Issuances and (1) Transfers Transfers September 30, Total Net (2) Assets: Investments: Debt securities: Trading $ 17 $ ( 4 ) $ 33 $ ( 18 ) $ — $ 25 $ ( 4 ) $ 49 $ ( 4 ) Total debt securities 17 ( 4 ) 33 ( 18 ) — 25 ( 4 ) 49 ( 4 ) Private equity 5 ( 2 ) — — — — ( 3 ) — — Bank loans 270 ( 4 ) 16 ( 34 ) — 8 ( 20 ) 236 ( 4 ) Total investments $ 292 $ ( 10 ) $ 49 $ ( 52 ) $ — $ 33 $ ( 27 ) $ 285 $ ( 8 ) Liabilities: Other liabilities $ 342 $ 7 $ — $ — $ ( 32 ) $ — $ — $ 303 $ 7 (1) Amounts include proceeds from borrowings of a consolidated CLO and contingent liability payment related to a prior acquisition. (2) Earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at the reporting date. Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Three Months Ended September 30, 2021 (in millions) June 30, Realized Purchases Sales and Issuances and (1) Transfers Transfers September 30, Total Net (2) Assets: Investments: Debt securities: Trading $ 21 $ 2 $ 12 $ ( 5 ) $ — $ — $ — $ 30 $ 2 Total debt securities 21 2 12 ( 5 ) — — — 30 2 Private equity 5 1 — — — — ( 1 ) 5 1 Bank loans 261 — 16 — — 1 ( 5 ) 273 — Total investments $ 287 $ 3 $ 28 $ ( 5 ) $ — $ 1 $ ( 6 ) $ 308 $ 3 Liabilities: Other liabilities $ 298 $ ( 28 ) $ — $ — $ 14 $ — $ — $ 340 $ ( 28 ) (1) Amounts include proceeds from borrowings of a consolidated CLO and a contingent liability, partially offset by contingent liability payment related to a prior acquisition. (2) Earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at the reporting date. Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Nine Months Ended September 30, 2021 (in millions) December 31, Realized Purchases Sales and Issuances (1) Transfers Transfers September 30, Total Net (2) Assets: Investments: Debt securities: Trading $ 11 $ 2 $ 24 $ ( 5 ) $ — $ — $ ( 2 ) $ 30 $ 2 Total debt securities 11 2 24 ( 5 ) — — ( 2 ) 30 2 Private equity 9 1 — — — — ( 5 ) 5 1 Bank loans 232 — 45 — — 11 ( 15 ) 273 — Total investments $ 252 $ 3 $ 69 $ ( 5 ) $ — $ 11 $ ( 22 ) $ 308 $ 3 Liabilities: Other liabilities $ 272 $ ( 32 ) $ — $ — $ 36 $ — $ — $ 340 $ ( 32 ) (1) Amounts include proceeds from borrowings of a consolidated CLO and a contingent liability, partially offset by contingent liability payment related to prior acquisitions. (2) Earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at the reporting date.
Fair Value of Financial Assets and Financial Liabilities	Disclosures of Fair Value for Financial Instruments Not Held at Fair Value . At September 30, 2022 and December 31, 2021, the fair value of the Company’s financial instruments not held at fair value are categorized in the table below: September 30, 2022 December 31, 2021 (in millions) Carrying Estimated Carrying Estimated Fair Value Financial Assets (1) : Cash and cash equivalents $ 6,797 $ 6,797 $ 9,323 $ 9,323 Level 1 (2) (3) Other assets $ 19 $ 19 $ 22 $ 22 Level 1 (2) (4) Financial Liabilities: Long-term borrowings $ 6,591 $ 5,754 $ 7,446 $ 7,735 Level 2 (5) (1) See Note 5, Investments , for further information on investments not held at fair value. (2) Cash and cash equivalents are carried at either cost or amortized cost, which approximates fair value due to their short-term maturities. (3) At September 30, 2022 and December 31, 2021 , approximately $ 2.3 billion and $ 2.4 billion, respectively, of money market funds were recorded within cash and cash equivalents on the condensed consolidated statements of financial condition. Money market funds are valued based on quoted market prices, or $ 1.00 per share, which generally is the NAV of the fund. (4) Other assets include restricted cash and cash collateral deposited with certain derivative counterparties. (5) Long-term borrowings are recorded at amortized cost, net of debt issuance costs. The fair value of the long-term borrowings, including the current portion of long-term borrowings, is determined using market prices and the EUR/USD foreign exchange rate at the end of September 2022 and December 2021, respectively. See Note 14, Borrowings , for the fair value of each of the Company’s long-term borrowings.
Investments in Certain Entities that Calculate Net Asset Value per Share	The following tables list information regarding all investments that use a fair value measurement to account for both their financial assets and financial liabilities in their calculation of a NAV per share (or equivalent). September 30, 2022 (in millions) Ref Fair Value Total Redemption Redemption Equity method: (1) Hedge funds/funds of hedge (a) $ 455 $ 102 Daily/Monthly ( 26 %) 16 %) 58 %) 1 – 90 days Private equity funds (b) 877 211 N/R N/R Real assets funds (c) 268 288 Quarterly ( 19 %) 81 %) 60 days Consolidated sponsored investment products: Real assets funds (c) 104 89 N/R N/R Other funds (d) 27 79 N/R N/R Total $ 1,731 $ 769 December 31, 2021 (in millions) Ref Fair Value Total Redemption Redemption Equity method: (1) Hedge funds/funds of hedge (a) $ 369 $ 141 Daily/Monthly ( 20 %) 20 %) 60 %) 1 – 90 days Private equity funds (b) 846 153 N/R N/R Real assets funds (c) 234 245 Quarterly ( 20 %) 80 %) 60 days Consolidated sponsored investment products: Real assets funds (c) 90 101 N/R N/R Other funds (d) 6 25 N/R N/R Total $ 1,545 $ 665 N/R – not redeemable (1) Comprised of equity method investments, which include investment companies that account for their financial assets and most financial liabilities under fair value measures; therefore, the Company’s investment in such equity method investees approximates fair value. (a) This category includes hedge funds, funds of hedge funds, and other funds that invest primarily in equities, fixed income securities, distressed credit, opportunistic and mortgage instruments and other third-party hedge funds. The fair values of the investments have been estimated using the NAV of the Company’s ownership interest in partners’ capital. The liquidation period for the investments in the funds that are not subject to redemption is unknown at both September 30, 2022 and December 31, 2021. (b) This category includes private equity funds that initially invest in nonmarketable securities of private companies, which ultimately may become public in the future. The fair values of these investments have been estimated using capital accounts representing the Company’s ownership interest in the funds and may also include other performance inputs. The Company’s investment in each fund is not subject to redemption and is normally returned through distributions as a result of the liquidation of the underlying assets of the private equity funds. The liquidation period for the investments in these funds is unknown at both September 30, 2022 and December 31, 2021. (c) This category includes several real assets funds that invest directly and indirectly in real estate or infrastructure. The fair values of the investments have been estimated using capital accounts representing the Company’s ownership interest in the funds. The Company’s investments that are not subject to redemption or are not currently redeemable are normally returned through distributions and realizations of the underlying assets of the funds. The liquidation period for the investments in the funds that are not subject to redemptions is unknown at both September 30, 2022 and December 31, 2021 . The total remaining unfunded commitments were $ 377 million and $ 346 million at September 30, 2022 and December 31, 2021 , respectively. The Company’s portion of the total remaining unfunded commitments was $ 331 million and $ 298 million at September 30, 2022 and December 31, 2021, respectively. (d) This category includes the underlying third-party private equity funds within consolidated BlackRock sponsored private equity funds of funds. These investments are not subject to redemption or are not currently redeemable; however, for certain funds, the Company may sell or transfer its interest, which may need approval by the general partner of the underlying funds. Due to the nature of the investments in this category, the Company reduces its investment by distributions that are received through the realization of the underlying assets of the funds. The liquidation period for the underlying assets of these funds is unknown.
Summary of Information Related to Bank Loans and Borrowings of Consolidated CLO Recorded within Investments and Borrowings of Consolidated VIEs Respectively for which Fair Value Option was Elected	In addition, the Company elected the fair value option for bank loans and borrowings of a consolidated CLO, recorded within investments and other liabilities, respectively. The following table summarizes the information related to these bank loans and borrowings at September 30, 2022 and December 31, 2021: September 30, December 31, (in millions) 2022 2021 CLO Bank loans: Aggregate principal amounts outstanding $ 265 $ 281 Fair value 260 284 Aggregate unpaid principal balance in excess of (less than) fair value $ 5 $ ( 3 ) CLO Borrowings: Aggregate principal amounts outstanding $ 282 $ 275 Fair value $ 269 $ 278

Derivative and Hedging (Tables)

Derivative and Hedging (Tables)	9 Months Ended
	Sep. 30, 2022
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Summary of Fair Values of Derivatives Instruments Recognized in Condensed Consolidated Statements of Financial Condition	The following table presents the fair values of derivative instruments recognized in the condensed consolidated statements of financial condition at September 30, 2022 and December 31, 2021: Assets Liabilities (in millions) Statement of September 30, 2022 December 31, 2021 Statement of September 30, 2022 December 31, 2021 Derivative Total return swaps Other assets $ 61 $ 5 Other liabilities $ — $ 14 Forward foreign Other assets 3 34 Other liabilities 35 — Total $ 64 $ 39 $ 35 $ 14
Summary of Realized and Unrealized Gains (Losses) Recognized in Condensed Consolidated Statements of Income on Derivative Instruments	The following table presents realized and unrealized gains (losses) recognized in the condensed consolidated statements of income on derivative instruments: Three Months Ended Nine Months Ended September 30, September 30, Statement of Income 2022 2021 2022 2021 (in millions) Classification Gains (Losses) Gains (Losses) Derivative Instruments Total return swaps Nonoperating income (expense) $ 44 $ 14 $ 147 $ ( 70 ) Forward foreign currency General and administration expense ( 124 ) ( 46 ) ( 295 ) ( 36 ) Total gain (loss) from derivative instruments $ ( 80 ) $ ( 32 ) $ ( 148 ) $ ( 106 )

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill Activity	Goodwill activity during the nine months ended September 30, 2022 was as follows: (in millions) December 31, 2021 $ 15,351 Other (1) ( 7 ) September 30, 2022 $ 15,344 (1) Amounts primarily resulted from a decline related to tax benefits realized from tax-deductible goodwill in excess of book goodwill from the acquisition of the fund-of-funds business of Quellos Group, LLC in October 2007 (the “Quellos Transaction”). Goodwill related to the Quellos Transaction will continue to be reduced in future periods by the amount of tax benefits realized from tax-deductible goodwill in excess of book goodwill from the Quellos Transaction. The balance of the Quellos tax-deductible goodwill in excess of book goodwill was approximately $ 19 million and $ 43 million at September 30, 2022 and December 31, 2021 , respectively.

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	The carrying amounts of identifiable intangible assets are summarized as follows: (in millions) Indefinite-lived Finite-lived Total December 31, 2021 $ 17,578 $ 875 $ 18,453 Amortization expense — ( 114 ) ( 114 ) September 30, 2022 $ 17,578 $ 761 $ 18,339

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Components of Lease Cost	The following table presents components of lease cost included in general and administration expense on the condensed consolidated statements of income: Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2022 2021 2022 2021 Lease cost: Operating lease cost (1) $ 55 $ 50 $ 160 $ 128 Variable lease cost (2) 10 10 32 30 Total lease cost $ 65 $ 60 $ 192 $ 158 (1) Amounts include short-term leases, which are immaterial for the three and nine months ended September 30, 2022 and 2021 . (2) Amounts include operating lease payments, which may be adjusted based on usage, changes in an index or market rate, as well as common area maintenance charges and other variable costs not included in the measurement of right-of-use (“ROU”) assets and operating lease liabilities.
Schedule of Supplemental Information Related to Operating Lease	Supplemental information related to operating leases is summarized below: Nine Months Ended September 30, (in millions) 2022 2021 Supplemental cash flow information: Operating cash flows from operating leases included in the measurement $ 122 $ 108 Supplemental noncash information: ROU assets in exchange for operating lease liabilities $ 45 $ 1,297 September 30, December 31, 2022 2021 Lease term and discount rate: Weighted-average remaining lease term 16 years 16 years Weighted-average discount rate 3 % 3 %

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Carrying Value and Fair Value of Long-Term Notes Determined Market Prices EUR/USD Foreign Exchange Rate	The carrying value and fair value of long-term notes determined using market prices and EUR/USD foreign exchange rate at September 30, 2022 included the following: (in millions) Maturity Amount Unamortized (1) Carrying Value Fair Value 3.50% Notes due 2024 $ 1,000 $ ( 1 ) $ 999 $ 985 1.25% Notes due 2025 686 ( 2 ) 684 650 3.20% Notes due 2027 700 ( 3 ) 697 659 3.25% Notes due 2029 1,000 ( 10 ) 990 899 2.40% Notes due 2030 1,000 ( 6 ) 994 825 1.90% Notes due 2031 1,250 ( 9 ) 1,241 971 2.10% Notes due 2032 1,000 ( 14 ) 986 765 Total long-term notes $ 6,636 $ ( 45 ) $ 6,591 $ 5,754 (1) The unamortized discount and debt issuance costs are being amortized over the term of the notes.

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2022
Revenue From Contract With Customer [Abstract]
Summary of Investment Advisory, Administration Fees and Securities Lending Revenue by Type	The table below presents detail of revenue for the three and nine months ended September 30, 2022 and 2021 and includes the product mix of investment advisory, administration fees and securities lending revenue, and performance fees. Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2022 2021 2022 2021 Investment advisory, administration fees and Equity: Active $ 503 $ 674 $ 1,669 $ 1,891 ETFs 1,063 1,212 3,324 3,436 Non-ETF Index 179 207 552 581 Equity subtotal 1,745 2,093 5,545 5,908 Fixed income: Active 478 561 1,515 1,631 ETFs 276 304 839 893 Non-ETF Index 91 121 311 350 Fixed income subtotal 845 986 2,665 2,874 Multi-asset 316 369 1,006 1,041 Alternatives: Illiquid alternatives 184 166 547 501 Liquid alternatives 155 163 483 460 Currency and commodities (1) 51 55 169 163 Alternatives subtotal 390 384 1,199 1,124 Long-term 3,296 3,832 10,415 10,947 Cash management 235 111 637 345 Total investment advisory, administration fees 3,531 3,943 11,052 11,292 Investment advisory performance fees: Equity ( 2 ) 8 13 70 Fixed income ( 3 ) 2 19 31 Multi-asset 2 — 14 17 Alternatives: Illiquid alternatives 79 50 181 147 Liquid alternatives 6 285 59 549 Alternatives subtotal 85 335 240 696 Total performance fees 82 345 286 814 Technology services revenue 338 320 1,011 942 Distribution fees: Retrocessions 241 294 789 796 12b-1 fees (US mutual fund distribution fees) 75 91 243 263 Other 9 16 35 51 Total distribution fees 325 401 1,067 1,110 Advisory and other revenue: Advisory 8 13 39 37 Other 27 28 81 73 Total advisory and other revenue 35 41 120 110 Total revenue $ 4,311 $ 5,050 $ 13,536 $ 14,268 (1) Amounts include commodity ETFs. The tables below present the investment advisory, administration fees and securities lending revenue by client type and investment style: Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2022 2021 2022 2021 By client type: Retail $ 1,058 $ 1,291 $ 3,421 $ 3,647 ETFs 1,385 1,571 4,322 4,493 Institutional: Active 623 684 1,934 1,991 Index 230 286 738 816 Total institutional 853 970 2,672 2,807 Long-term 3,296 3,832 10,415 10,947 Cash management 235 111 637 345 Total $ 3,531 $ 3,943 $ 11,052 $ 11,292 By investment style: Active $ 1,635 $ 1,928 $ 5,213 $ 5,509 Index and ETFs 1,661 1,904 5,202 5,438 Long-term 3,296 3,832 10,415 10,947 Cash management 235 111 637 345 Total $ 3,531 $ 3,943 $ 11,052 $ 11,292
Schedule of Estimated Investment Advisory, Administration Fees Expected to be Recognized in Future, Related to Unsatisfied Portion of Performance Obligations	The tables below present estimated investment advisory and administration fees expected to be recognized in the future related to the unsatisfied portion of the performance obligations at September 30, 2022 and 2021: September 30, 2022 Remainder of (in millions) 2022 2023 2024 2025 Thereafter Total Investment advisory and Alternatives (1)(2) $ 47 $ 176 $ 112 $ 73 $ 53 $ 461 September 30, 2021 Remainder of (in millions) 2021 2022 2023 2024 Thereafter Total Investment advisory and Alternatives (1)(2) $ 45 $ 157 $ 143 $ 85 $ 51 $ 481 (1) Investment advisory and administration fees include management fees related to certain alternative products, which are based on contractual committed capital outstanding at September 30, 2022 and 2021. Actual management fees could be higher to the extent additional committed capital is raised. These fees are generally billed on a quarterly basis in arrears. (2) The Company elected the following practical expedients and therefore does not include amounts related to (1) performance obligations with an original duration of one year or less, and (2) variable consideration related to future service periods.
Schedule of Changes in Deferred Carried Interest Liability	The table below presents changes in the deferred carried interest liability, which is included in other liabilities on the condensed consolidated statements of financial condition, for the three and nine months ended September 30, 2022 and 2021: Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2022 2021 2022 2021 Beginning balance $ 1,592 $ 1,132 $ 1,508 $ 584 Net increase (decrease) in unrealized allocations ( 58 ) 277 119 904 Performance fee revenue recognized ( 72 ) ( 43 ) ( 165 ) ( 122 ) Ending balance $ 1,462 $ 1,366 $ 1,462 $ 1,366
Schedule of Estimated Technology Services Revenue Expected to Be Recognized in Future, Related to Unsatisfied Portion of Performance Obligations	The tables below present estimated technology services revenue expected to be recognized in the future related to the unsatisfied portion of the performance obligations at September 30, 2022 and 2021: September 30, 2022 Remainder of (in millions) 2022 2023 2024 2025 Thereafter Total Technology services revenue (1)(2) $ 29 $ 79 $ 45 $ 29 $ 26 $ 208 September 30, 2021 Remainder of (in millions) 2021 2022 2023 2024 Thereafter Total Technology services revenue (1)(2) $ 38 $ 83 $ 43 $ 22 $ 18 $ 204 (1) Technology services revenue primarily includes upfront payments from customers, which the Company generally recognizes as services are performed. (2) The Company elected the following practical expedients and therefore does not include amounts related to (1) performance obligations with an original duration of one year or less, and (2) variable consideration related to future service periods.
Schedule of Changes in Technology Services Deferred Revenue Liability	The table below presents changes in the technology services deferred revenue liability for the three and nine months ended September 30, 2022 and 2021, which is included in other liabilities on the condensed consolidated statements of financial condition: Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2022 2021 2022 2021 Beginning balance $ 108 $ 107 $ 122 $ 123 Additions (1) 25 28 74 72 Revenue recognized that was included ( 32 ) ( 31 ) ( 95 ) ( 91 ) Ending balance $ 101 $ 104 $ 101 $ 104 (1) Amounts are net of revenue recognized.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2022
Restricted Stock and RSU Activity	Restricted stock and restricted stock units (“RSUs”) activity for the nine months ended September 30, 2022 is summarized below. Outstanding at Restricted Weighted- December 31, 2021 2,183,017 $ 586.45 Granted 772,627 $ 822.03 Converted ( 876,449 ) $ 502.79 Forfeited ( 58,116 ) $ 703.34 September 30, 2022 2,021,079 $ 709.43
Performance-Based RSUs [Member]
Restricted Stock and RSU Activity	Performance-based RSU activity for the nine months ended September 30, 2022 is summarized below. Outstanding at Performance- Weighted- December 31, 2021 668,805 $ 533.48 Granted 143,846 $ 820.28 Additional shares granted due to attainment of 111,991 $ 410.32 Converted ( 385,134 ) $ 410.32 Forfeited ( 8,454 ) $ 662.34 September 30, 2022 531,054 $ 672.47
Performance Based Stock Options [Member]
Stock Option Activity	Stock option activity for the nine months ended September 30, 2022 is summarized below. Outstanding at Shares Weighted December 31, 2021 1,817,923 $ 513.50 Forfeited ( 60,390 ) $ 513.50 September 30, 2022 1,757,533 $ 513.50

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Changes in AOCI	The following table presents changes in AOCI for the three and nine months ended September 30, 2022 and 2021: Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2022 2021 2022 2021 Beginning balance $ ( 1,091 ) $ ( 388 ) $ ( 550 ) $ ( 337 ) Foreign currency translation adjustments (1) ( 381 ) ( 138 ) ( 922 ) ( 189 ) Ending balance $ ( 1,472 ) $ ( 526 ) $ ( 1,472 ) $ ( 526 ) (1) Amounts for the three months ended September 30, 2022 and 2021 include gains from a net investment hedge of $ 35 million (net of tax expense of $ 11 million) and $ 14 million (net of tax expense of $ 5 million), respectively. Amounts for the nine months ended September 30, 2022 and 2021 include gains from a net investment hedge of $ 84 million (net of tax expense of $ 26 million) and $ 34 million (net of tax expense of $ 11 million), respectively.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings per Share ("EPS") under Treasury Stock Method	The following table sets forth the computation of basic and diluted earnings per share (“EPS”) for the three and nine months ended September 30, 2022 and 2021 under the treasury stock method: Three Months Ended Nine Months Ended September 30, September 30, (in millions, except shares and per share data) 2022 2021 2022 2021 Net income attributable to BlackRock, Inc. $ 1,406 $ 1,681 $ 3,919 $ 4,258 Basic weighted-average shares outstanding 150,644,985 152,120,927 151,219,485 152,375,504 Dilutive effect of: Nonparticipating RSUs 981,319 1,474,725 1,015,467 1,354,405 Stock options 335,085 747,625 409,102 622,681 Total diluted weighted-average shares 151,961,389 154,343,277 152,644,054 154,352,590 Basic earnings per share $ 9.33 $ 11.05 $ 25.92 $ 27.94 Diluted earnings per share $ 9.25 $ 10.89 $ 25.67 $ 27.59

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Total Revenue by Geographic Region	The following table illustrates total revenue for the three and nine months ended September 30, 2022 and 2021 by geographic region. These amounts are aggregated on a legal entity basis and do not necessarily reflect where the customer resides or affiliated services are provided. Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2022 2021 2022 2021 Revenue Americas $ 2,890 $ 3,127 $ 8,993 $ 9,095 Europe 1,241 1,706 3,944 4,533 Asia-Pacific 180 217 599 640 Total revenue $ 4,311 $ 5,050 $ 13,536 $ 14,268
Schedule of Long-Lived Assets by Geographic Region	The following table illustrates long-lived assets that consist of goodwill and property and equipment at September 30, 2022 and December 31, 2021 by geographic region. These amounts are aggregated on a legal entity basis and do not necessarily reflect where the asset is physically located. September 30, December 31, (in millions) 2022 2021 Long-lived Assets Americas $ 14,898 $ 14,675 Europe 1,316 1,341 Asia-Pacific 95 97 Total long-lived assets $ 16,309 $ 16,113

Significant Accounting Polici_3

Significant Accounting Policies - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Significant Accounting Policies [Line Items]
Fair value of loaned securities held	$ 9,700,000,000		$ 9,700,000,000		$ 13,200,000,000
Fair value of collateral loan under these securities lending agreements	10,500,000,000		10,500,000,000		14,100,000,000
Separate account collateral held under securities lending agreements	5,867,000,000		5,867,000,000		$ 7,081,000,000
Fair value of securities received as collateral have been resold or repledged	0	$ 0	0	$ 0
Reduction of management fees	$ 0	$ 130,000,000	$ 72,000,000	$ 360,000,000
Minimum [Member]
Significant Accounting Policies [Line Items]
Collateral cash and securities received in exchange of value of securities lent in order to reduce counterparty risk	102%		102%
Maximum [Member]
Significant Accounting Policies [Line Items]
Collateral cash and securities received in exchange of value of securities lent in order to reduce counterparty risk	112%		112%

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Millions		9 Months Ended
	Feb. 01, 2021	Sep. 30, 2021
Business Acquisition [Line Items]
Payments to acquire business		$ 1,097
Aperio [Member]
Business Acquisition [Line Items]
Business acquisition, percentage of equity interest acquired	100%
Payments to acquire business	$ 1,051

Acquisitions - Summary of Fair

Acquisitions - Summary of Fair Values of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Millions		9 Months Ended
	Feb. 01, 2021	Sep. 30, 2021	Sep. 30, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill			$ 15,344	$ 15,351
Total consideration, net of cash acquired		$ 1,097
Aperio [Member]
Business Acquisition [Line Items]
Accounts receivable	$ 16
Goodwill	776
Deferred income tax liabilities	(16)
Other liabilities assumed	(12)
Total consideration, net of cash acquired	1,051
Cash paid	1,055
Cash acquired	(4)
Total consideration, net of cash acquired	1,051
Aperio [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Finite-lived intangible assets	270
Aperio [Member] | Other [Member]
Business Acquisition [Line Items]
Finite-lived intangible assets	$ 17

Cash, Cash Equivalents and Re_3

Cash, Cash Equivalents and Restricted Cash - Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	[1]	$ 6,797	$ 9,323
Restricted cash included in other assets		$ 17	$ 17
Restricted Cash, Statement of Financial Position [Extensible Enumeration]		Other Assets	Other Assets
Total cash, cash equivalents and restricted cash		$ 6,814	$ 9,340	$ 7,378	$ 8,681
[1] At September 30, 2022, cash and cash equivalents, investments, other assets and other liabilities include $ 275 million , $ 3,533 million , $ 68 million , and $ 1,902 million , respectively, related to consolidated variable interest entities (“VIEs”). At December 31, 2021, cash and cash equivalents, investments, other assets and other liabilities include $ 251 million , $ 3,968 million , $ 50 million , and $ 1,919 million , respectively, related to consolidated VIEs.

Investments - Summary of Carryi

Investments - Summary of Carrying Value of Total Investments (Detail) - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021
Schedule of Investments [Line Items]
Trading securities (including $1,112 and $1,140 trading debt securities of CIPs at September 30, 2022 and December 31, 2021, respectively)		$ 1,162	$ 1,186
Held-to-maturity investments		495	430
Total debt securities		1,657	1,616
Equity securities at FVTNI (including $1,145 and $1,485 equity securities at FVTNI of CIPs at September 30, 2022 and December 31, 2021, respectively)		1,285	1,738
Total investments	[1]	6,907	7,262
Other Investments [Member]
Schedule of Investments [Line Items]
Total investments		288	279
Bank loans Held by CIPs
Schedule of Investments [Line Items]
Total investments		260	284
Equity Method Investments [Member]
Schedule of Investments [Line Items]
Total investments		1,801	1,694
Federal Reserve Bank Stock [Member]
Schedule of Investments [Line Items]
Total investments		91	96
Consolidated Entities [Member] | Carried Interest [Member]
Schedule of Investments [Line Items]
Total investments		$ 1,525	$ 1,555
[1] At September 30, 2022, cash and cash equivalents, investments, other assets and other liabilities include $ 275 million , $ 3,533 million , $ 68 million , and $ 1,902 million , respectively, related to consolidated variable interest entities (“VIEs”). At December 31, 2021, cash and cash equivalents, investments, other assets and other liabilities include $ 251 million , $ 3,968 million , $ 50 million , and $ 1,919 million , respectively, related to consolidated VIEs.

Investments - Summary of Carr_2

Investments - Summary of Carrying Value of Total Investments (Detail) (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Schedule of Investments [Line Items]
Trading securities	$ 1,162	$ 1,186
Equity securities/mutual funds	1,285	1,738
Consolidated Sponsored Investment Products [Member]
Schedule of Investments [Line Items]
Trading securities	1,112	1,140
Equity securities/mutual funds	$ 1,145	$ 1,485

Investments - Additional Inform

Investments - Additional Information (Detail) $ in Millions	Sep. 30, 2022 USD ($)
Investments Debt And Equity Securities [Abstract]
Held-to-maturity investments, after one year through five years	$ 21
Foreign government debt, after five years through ten years	165
Held-to-maturity investments, after ten years	$ 309

Investments - Summary of Cost a

Investments - Summary of Cost and Carrying Value of Equity and Trading Debt Securities (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Schedule of Investments [Line Items]
Total trading debt securities, Cost	$ 1,280	$ 1,194
Total trading debt, Carrying Value	1,162	1,186
Equity securities at FVTNI, Carrying Value	1,285	1,738
Corporate Debt [Member]
Schedule of Investments [Line Items]
Total trading debt securities, Cost	774	703
Total trading debt, Carrying Value	703	701
Government Debt [Member]
Schedule of Investments [Line Items]
Total trading debt securities, Cost	365	365
Total trading debt, Carrying Value	331	363
Asset/Mortgage-Backed Debt [Member]
Schedule of Investments [Line Items]
Total trading debt securities, Cost	141	126
Total trading debt, Carrying Value	128	122
Equity Securities/Mutual Funds [Member]
Schedule of Investments [Line Items]
Equity securities at FVTNI, Cost	1,302	1,451
Equity securities at FVTNI, Carrying Value	$ 1,285	$ 1,738

Consolidated Sponsored Invest_3

Consolidated Sponsored Investment Products - Consolidated VIEs And VREs Recorded in Consolidated Statements of Financial Condition (Detail) - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021
Consolidated Sponsored Investment Funds [Line Items]
Cash and cash equivalents	[1]	$ 6,797	$ 9,323
Investments:
Trading securities		1,162	1,186
Equity securities/mutual funds		1,285	1,738
Total investments	[1]	6,907	7,262
Other assets	[1]	5,287	2,780
Other liabilities	[1]	(5,967)	(4,024)
Consolidated Variable Interest Entities [Member]
Consolidated Sponsored Investment Funds [Line Items]
Cash and cash equivalents		275	251
Investments:
Trading securities		806	870
Bank loans		260	284
Other investments		242	210
Carried interest		1,454	1,504
Total investments		3,533	3,968
Other assets		68	50
Other liabilities		(1,902)	(1,919)
Noncontrolling interests - CIPs		(793)	(1,046)
BlackRock's net interests in CIPs		1,181	1,304
Consolidated Voting Rights Entities [Member]
Consolidated Sponsored Investment Funds [Line Items]
Cash and cash equivalents		51	57
Investments:
Trading securities		306	270
Total investments		680	655
Other assets		27	32
Other liabilities		(39)	(82)
Noncontrolling interests - CIPs		(101)	(79)
BlackRock's net interests in CIPs		618	583
Consolidated Sponsored Investment Products [Member]
Consolidated Sponsored Investment Funds [Line Items]
Cash and cash equivalents		326	308
Investments:
Trading securities		1,112	1,140
Equity securities/mutual funds		1,145	1,485
Bank loans		260	284
Other investments		242	210
Carried interest		1,454	1,504
Total investments		4,213	4,623
Other assets		95	82
Other liabilities		(1,941)	(2,001)
Noncontrolling interests - CIPs		(894)	(1,125)
BlackRock's net interests in CIPs		1,799	1,887
Equity securities [Member]
Investments:
Equity securities/mutual funds		1,285	1,738
Equity securities [Member] | Consolidated Variable Interest Entities [Member]
Investments:
Equity securities/mutual funds		771	1,100
Equity securities [Member] | Consolidated Voting Rights Entities [Member]
Investments:
Equity securities/mutual funds		374	385
Equity securities [Member] | Consolidated Sponsored Investment Products [Member]
Investments:
Equity securities/mutual funds		$ 1,145	$ 1,485
[1] At September 30, 2022, cash and cash equivalents, investments, other assets and other liabilities include $ 275 million , $ 3,533 million , $ 68 million , and $ 1,902 million , respectively, related to consolidated variable interest entities (“VIEs”). At December 31, 2021, cash and cash equivalents, investments, other assets and other liabilities include $ 251 million , $ 3,968 million , $ 50 million , and $ 1,919 million , respectively, related to consolidated VIEs.

Consolidated Sponsored Invest_4

Consolidated Sponsored Investment Products - Schedule of Net Gain (Loss) Related to Consolidated VIEs (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Variable Interest Entity [Line Items]
Nonoperating net gain (loss) on consolidated VIEs	$ 174	$ 370	$ (242)	$ 766
Net income (loss) attributable to NCI on consolidated VIEs	(45)	72	(232)	315
Consolidated Variable Interest Entities [Member]
Variable Interest Entity [Line Items]
Nonoperating net gain (loss) on consolidated VIEs	(89)	50	(405)	323
Net income (loss) attributable to NCI on consolidated VIEs	$ (35)	$ 73	$ (218)	$ 296

Variable Interest Entities Refl

Variable Interest Entities Reflects adoption of ASU 2015-12 - Balances Relating to Variable Interest Entities in which BlackRock is Not Primary Beneficiary (Detail) - Variable Interest Entity, Not Primary Beneficiary [Member] - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Investments [Member]
Variable Interest Entity [Line Items]
Sponsored investment products	$ 1,031,000,000	$ 882,000,000
Advisory Fee Receivables [Member]
Variable Interest Entity [Line Items]
Sponsored investment products	79,000,000	62,000,000
Other Net Assets (Liabilities) [Member]
Variable Interest Entity [Line Items]
Sponsored investment products	(11,000,000)	(12,000,000)
Maximum Risk of Loss [Member]
Variable Interest Entity [Line Items]
Sponsored investment products	$ 1,127,000,000	$ 961,000,000

Variable Interest Entities Re_2

Variable Interest Entities Reflects adoption of ASU 2015-12 - Additional Information (Detail) - USD ($) $ in Billions	Sep. 30, 2022	Dec. 31, 2021
Variable Interest Entity, Not Primary Beneficiary [Member] | Sponsored Investment Products [Member]
Variable Interest Entity [Line Items]
Net assets of investments funds	$ 20	$ 20

Fair Value Disclosures - Assets

Fair Value Disclosures - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading securities	$ 1,162	$ 1,186
Equity securities/mutual funds	1,285	1,738
Separate account assets	51,072	86,226
Separate account collateral liabilities under securities lending agreements	5,867	7,081
Equity securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity securities/mutual funds	1,285	1,738
Investments Measured at NAV [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Other assets	19	22
Fair Value, Measurements, Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Held-to-maturity investments	495	430
Total debt securities	1,657	1,616
Total equity method	1,801	1,694
Bank loans	260	284
Federal Reserve Bank Stock	91	96
Carried interest	1,525	1,555
Other investments	288	279
Total investments	6,907	7,262
Other assets	169	234
Separate account assets	51,072	86,226
Total separate account collateral held under securities lending agreements	5,867	7,081
Total	64,015	100,803
Separate account collateral liabilities under securities lending agreements	5,867	7,081
Other liabilities	349	368
Total liabilities measured at fair value	6,216	7,449
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total equity method	201	245
Total investments	1,486	1,983
Other assets	105	195
Separate account assets	33,686	54,675
Total separate account collateral held under securities lending agreements	1,946	3,717
Total	37,223	60,570
Separate account collateral liabilities under securities lending agreements	1,946	3,717
Total liabilities measured at fair value	1,946	3,717
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total debt securities	1,113	1,169
Bank loans	24	14
Total investments	1,137	1,183
Other assets	64	39
Separate account assets	16,492	30,786
Total separate account collateral held under securities lending agreements	3,921	3,364
Total	21,614	35,372
Separate account collateral liabilities under securities lending agreements	3,921	3,364
Other liabilities	46	26
Total liabilities measured at fair value	3,967	3,390
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total debt securities	49	17
Bank loans	236	270
Other investments		5
Total investments	285	292
Total	285	292
Other liabilities	303	342
Total liabilities measured at fair value	303	342
Fair Value, Measurements, Recurring [Member] | Equity Securities/Mutual Funds [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity securities/mutual funds	1,285	1,738
Fair Value, Measurements, Recurring [Member] | Equity Securities/Mutual Funds [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity securities/mutual funds	1,285	1,738
Fair Value, Measurements, Recurring [Member] | Debt Securities/ Fixed Income Mutual Funds [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading securities	1,162	1,186
Fair Value, Measurements, Recurring [Member] | Debt Securities/ Fixed Income Mutual Funds [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading securities	1,113	1,169
Fair Value, Measurements, Recurring [Member] | Debt Securities/ Fixed Income Mutual Funds [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading securities	49	17
Fair Value, Measurements, Recurring [Member] | Hedge Funds/Funds of Hedge Funds/Other [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total equity method	455	369
Fair Value, Measurements, Recurring [Member] | Equity And Fixed Income Mutual Funds [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total equity method	201	245
Fair Value, Measurements, Recurring [Member] | Equity And Fixed Income Mutual Funds [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total equity method	201	245
Fair Value, Measurements, Recurring [Member] | Private/ Public Equity [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total equity method	877	846
Fair Value, Measurements, Recurring [Member] | Real Assets Funds [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total equity method	268	234
Fair Value, Measurements, Recurring [Member] | Equity securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total separate account collateral held under securities lending agreements	1,946	3,717
Fair Value, Measurements, Recurring [Member] | Equity securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total separate account collateral held under securities lending agreements	1,946	3,717
Fair Value, Measurements, Recurring [Member] | Debt securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total separate account collateral held under securities lending agreements	3,921	3,364
Fair Value, Measurements, Recurring [Member] | Debt securities [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total separate account collateral held under securities lending agreements	3,921	3,364
Fair Value, Measurements, Recurring [Member] | Investments Measured at NAV [Member] | Investment in NAV [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total equity method	1,600	1,449
Other investments	131	96
Total investments	1,731	1,545
Total	1,731	1,545
Fair Value, Measurements, Recurring [Member] | Investments Measured at NAV [Member] | Hedge Funds/Funds of Hedge Funds/Other [Member] | Investment in NAV [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total equity method	455	369
Fair Value, Measurements, Recurring [Member] | Investments Measured at NAV [Member] | Private/ Public Equity [Member] | Investment in NAV [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total equity method	877	846
Fair Value, Measurements, Recurring [Member] | Investments Measured at NAV [Member] | Real Assets Funds [Member] | Investment in NAV [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total equity method	268	234
Fair Value, Measurements, Recurring [Member] | Other [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Held-to-maturity investments	495	430
Total debt securities	495	430
Federal Reserve Bank Stock	91	96
Carried interest	1,525	1,555
Other investments	157	178
Total investments	2,268	2,259
Separate account assets	894	765
Total	$ 3,162	$ 3,024

Fair Value Disclosures - Additi

Fair Value Disclosures - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Collateralized loan obligations outstanding borrowings maturity year	2030
Fair Value Option [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total investments	$ 49	$ 47
Significant Unobservable Inputs (Level 3) [Member] | Private/ Public Equity [Member] | Consolidated Variable Interest Entities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total investments	$ 285	$ 292

Fair Value Disclosures - Change

Fair Value Disclosures - Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other Liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities measured at fair value, beginning balance	$ 314	$ 298	$ 342	$ 272
Realized and Unrealized Gains (Losses), Liabilities	8	(28)	7	(32)
Issuances and other Settlements, Liabilities	(3)	14	(32)	36
Liabilities measured at fair value, ending balance	303	340	303	340
Total Net Unrealized Gains (Losses) Included in Earnings	8	(28)	7	(32)
Investments [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value, beginning balance	272	287	292	252
Realized and Unrealized Gains (Losses),Assets	(4)	3	(10)	3
Purchases, Assets	14	28	49	69
Sales and Maturities, Assets	(21)	(5)	(52)	(5)
Transfers into Level 3, Assets	29	1	33	11
Transfers out of Level 3, Assets	(5)	(6)	(27)	(22)
Assets measured at fair value, ending balance	285	308	285	308
Total Net Unrealized Gains (Losses) Included in Earnings	(2)	3	(8)	3
Debt securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value, beginning balance	16	21	17	11
Realized and Unrealized Gains (Losses),Assets	(1)	2	(4)	2
Purchases, Assets	14	12	33	24
Sales and Maturities, Assets	(5)	(5)	(18)	(5)
Transfers into Level 3, Assets	25		25
Transfers out of Level 3, Assets			(4)	(2)
Assets measured at fair value, ending balance	49	30	49	30
Total Net Unrealized Gains (Losses) Included in Earnings	(1)	2	(4)	2
Debt securities [Member] | Trading [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value, beginning balance	16	21	17	11
Realized and Unrealized Gains (Losses),Assets	(1)	2	(4)	2
Purchases, Assets	14	12	33	24
Sales and Maturities, Assets	(5)	(5)	(18)	(5)
Transfers into Level 3, Assets	25		25
Transfers out of Level 3, Assets			(4)	(2)
Assets measured at fair value, ending balance	49	30	49	30
Total Net Unrealized Gains (Losses) Included in Earnings	(1)	2	(4)	2
Consolidated Variable Interest Entities [Member] | Bank Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value, beginning balance	252	261	270	232
Realized and Unrealized Gains (Losses),Assets	(1)		(4)
Purchases, Assets		16	16	45
Sales and Maturities, Assets	(16)		(34)
Transfers into Level 3, Assets	4	1	8	11
Transfers out of Level 3, Assets	(3)	(5)	(20)	(15)
Assets measured at fair value, ending balance	236	273	236	273
Total Net Unrealized Gains (Losses) Included in Earnings	(1)		(4)
Consolidated Variable Interest Entities [Member] | Private/ Public Equity [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value, beginning balance	4	5	5	9
Realized and Unrealized Gains (Losses),Assets	(2)	1	(2)	1
Transfers out of Level 3, Assets	$ (2)	(1)	$ (3)	(5)
Assets measured at fair value, ending balance		5		5
Total Net Unrealized Gains (Losses) Included in Earnings		$ 1		$ 1

Fair Value Disclosures - Fair V

Fair Value Disclosures - Fair Value of Financial Assets and Financial Liabilities (Detail) - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents	[1]	$ 6,797	$ 9,323
Long-term borrowings		6,591	7,446
Carrying Amount [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents		6,797	9,323
Other assets		19	22
Carrying Amount [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Long-term borrowings		6,591	7,446
Estimated Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents		6,797	9,323
Other assets		19	22
Estimated Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Long-term borrowings		$ 5,754	$ 7,735
[1] At September 30, 2022, cash and cash equivalents, investments, other assets and other liabilities include $ 275 million , $ 3,533 million , $ 68 million , and $ 1,902 million , respectively, related to consolidated variable interest entities (“VIEs”). At December 31, 2021, cash and cash equivalents, investments, other assets and other liabilities include $ 251 million , $ 3,968 million , $ 50 million , and $ 1,919 million , respectively, related to consolidated VIEs.

Fair Value Disclosures - Fair_2

Fair Value Disclosures - Fair Value of Financial Assets and Financial Liabilities (Parenthetical) (Detail) - USD ($) $ / shares in Units, $ in Millions		Sep. 30, 2022	Dec. 31, 2021
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents	[1]	$ 6,797	$ 9,323
Money market valuation per share floor		$ 1
Money Market Funds [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents		$ 2,300	$ 2,400
[1] At September 30, 2022, cash and cash equivalents, investments, other assets and other liabilities include $ 275 million , $ 3,533 million , $ 68 million , and $ 1,902 million , respectively, related to consolidated variable interest entities (“VIEs”). At December 31, 2021, cash and cash equivalents, investments, other assets and other liabilities include $ 251 million , $ 3,968 million , $ 50 million , and $ 1,919 million , respectively, related to consolidated VIEs.

Fair Value Disclosures - Invest

Fair Value Disclosures - Investments in Certain Entities Calculate Net Asset Value per Share (Detail) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Total Unfunded Commitments	$ 769	$ 665
Fair Value Measured at NAV per share [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	1,731	1,545
Real Assets Funds [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Total Unfunded Commitments	377	346
Real Assets Funds [Member] | Consolidated Variable Interest Entities [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Total Unfunded Commitments	89	101
Real Assets Funds [Member] | Consolidated Variable Interest Entities [Member] | Fair Value Measured at NAV per share [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	104	90
Other Funds [Member] | Consolidated Variable Interest Entities [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Total Unfunded Commitments	79	25
Other Funds [Member] | Consolidated Variable Interest Entities [Member] | Fair Value Measured at NAV per share [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	27	6
Equity Method Investments [Member] | Hedge Funds/Funds of Hedge Funds/Other [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Total Unfunded Commitments	$ 102	$ 141
Redemption Frequency (Daily)	26%	20%
Redemption Frequency (Monthly)	26%	20%
Redemption Frequency (Quarterly)	16%	20%
Redemption Frequency (Not Redeemable)	58%	60%
Equity Method Investments [Member] | Hedge Funds/Funds of Hedge Funds/Other [Member] | Fair Value Measured at NAV per share [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	$ 455	$ 369
Equity Method Investments [Member] | Hedge Funds/Funds of Hedge Funds/Other [Member] | Minimum [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Redemption Notice Period, days	1 day	1 day
Equity Method Investments [Member] | Hedge Funds/Funds of Hedge Funds/Other [Member] | Maximum [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Redemption Notice Period, days	90 days	90 days
Equity Method Investments [Member] | Private Equity Funds [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Total Unfunded Commitments	$ 211	$ 153
Equity Method Investments [Member] | Private Equity Funds [Member] | Fair Value Measured at NAV per share [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	877	846
Equity Method Investments [Member] | Real Assets Funds [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Total Unfunded Commitments	$ 288	$ 245
Redemption Frequency (Quarterly)	19%	20%
Redemption Frequency (Not Redeemable)	81%	80%
Redemption Notice Period, Not Redeemable	60 days	60 days
Equity Method Investments [Member] | Real Assets Funds [Member] | Fair Value Measured at NAV per share [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	$ 268	$ 234

Fair Value Disclosures - Inve_2

Fair Value Disclosures - Investments in Certain Entities Calculate Net Asset Value per Share (Parenthetical) (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Total Unfunded Commitments	$ 769	$ 665
Real Assets Funds [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Total Unfunded Commitments	377	346
Total remaining Unfunded Commitments	$ 331	$ 298

Fair Value Disclosures - Summar

Fair Value Disclosures - Summary of Information Related to Bank Loans and Borrowings of Consolidated CLO Recorded within Investments and Borrowings of Consolidated VIEs Respectively for which Fair Value Option was Elected (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Fair Value Option Quantitative Disclosures [Line Items]
Aggregate principal amounts outstanding	$ 6,636
CLO Bank Loans [Member]
Fair Value Option Quantitative Disclosures [Line Items]
Aggregate principal amounts outstanding	265	$ 281
Fair value	260	284
Aggregate unpaid principal balance in excess of (less than) fair value	5	(3)
CLO Borrowings [Member]
Fair Value Option Quantitative Disclosures [Line Items]
Aggregate principal amounts outstanding	282	275
Fair value	$ 269	$ 278

Derivatives and Hedging - Addit

Derivatives and Hedging - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Derivative maximum risk of loss	$ 17	$ 17
Forward Foreign Currency Exchange Contracts [Member]
Derivative [Line Items]
Notional value	$ 1,800	$ 1,800
Derivative Expiration Dates	2022-10	2022-01
Total Return Swaps [Member]
Derivative [Line Items]
Notional value	$ 534	$ 720

Derivatives and Hedging - Summa

Derivatives and Hedging - Summary of Fair Values of Derivatives Instruments Recognized in Consolidated Statements of Financial Condition (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Other Assets [Member]
Derivatives Fair Value [Line Items]
Other assets, fair value	$ 64	$ 39
Other Liabilities [Member]
Derivatives Fair Value [Line Items]
Other liabilities, fair value	35	14
Forward Foreign Currency Exchange Contracts [Member] | Other Assets [Member]
Derivatives Fair Value [Line Items]
Other assets, fair value	3	34
Forward Foreign Currency Exchange Contracts [Member] | Other Liabilities [Member]
Derivatives Fair Value [Line Items]
Other liabilities, fair value	35
Total Return Swaps [Member] | Other Assets [Member]
Derivatives Fair Value [Line Items]
Other assets, fair value	$ 61	5
Total Return Swaps [Member] | Other Liabilities [Member]
Derivatives Fair Value [Line Items]
Other liabilities, fair value		$ 14

Derivatives and Hedging - Sum_2

Derivatives and Hedging - Summary of Realized and Unrealized Gains (Losses) Recognized in Condensed Consolidated Statements of Income on Derivative Instruments (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative Instruments Gain Loss [Line Items]
Total gain (loss) from derivative instruments	$ (80)	$ (32)	$ (148)	$ (106)
Forward Foreign Currency Exchange Contracts [Member]
Derivative Instruments Gain Loss [Line Items]
Total gain (loss) from derivative instruments	$ (124)	$ (46)	$ (295)	$ (36)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	General And Administrative Expense	General And Administrative Expense	General And Administrative Expense	General And Administrative Expense
Total Return Swaps [Member]
Derivative Instruments Gain Loss [Line Items]
Total gain (loss) from derivative instruments	$ 44	$ 14	$ 147	$ (70)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Nonoperating Income Expense	Nonoperating Income Expense	Nonoperating Income Expense	Nonoperating Income Expense

Goodwill - Goodwill Activity (D

Goodwill - Goodwill Activity (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Goodwill Roll Forward
Beginning balance	$ 15,351
Other	(7)
Ending balance	$ 15,344

Goodwill - Goodwill Activity (P

Goodwill - Goodwill Activity (Parenthetical) (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Goodwill Roll Forward
Excess of tax goodwill over book goodwill	$ 19	$ 43

Intangible Assets - Carrying Am

Intangible Assets - Carrying Amounts of Identifiable Intangible Assets (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Indefinite-lived intangible assets			$ 17,578
Indefinite-lived intangible assets	$ 17,578		17,578
Finite-lived intangible assets, Beginning balance			875
Finite-lived intangible assets, amortization expense	(38)	$ (38)	(114)	$ (109)
Finite-lived intangible assets, Ending balance	761		761
Intangible assets, Beginning balance			18,453
Intangible assets, Ending balance	$ 18,339		$ 18,339

Leases - Components of Lease Co

Leases - Components of Lease Cost (Detail) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Lease cost:
Operating lease cost	[1]	$ 55	$ 50	$ 160	$ 128
Variable lease cost	[2]	10	10	32	30
Total lease cost		$ 65	$ 60	$ 192	$ 158
[1] Amounts include short-term leases, which are immaterial for the three and nine months ended September 30, 2022 and 2021 . Amounts include operating lease payments, which may be adjusted based on usage, changes in an index or market rate, as well as common area maintenance charges and other variable costs not included in the measurement of right-of-use (“ROU”) assets and operating lease liabilities.

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Information Related to Operating Leases (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Supplemental cash flow information:
Operating cash flows from operating leases included in the measurement of operating lease liabilities	$ 122	$ 108
Supplemental noncash information:
ROU assets in exchange for operating lease liabilities	$ 45	$ 1,297
Weighted-average remaining lease term	16 years		16 years
Weighted-average discount rate	3%		3%

Other Assets - Additional Infor

Other Assets - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
iCapital [Member]
Other Assets [Line Items]
Carrying value - equity method investment	$ 670		$ 670		$ 409
Nonoperating pre-tax gain	$ 267	$ 107	$ 267	$ 107
Percentage of strategic minority investment	25%		25%
Other Assets [Member]
Other Assets [Line Items]
Carrying value - equity method investment	$ 808		$ 808		583
Other non equity method corporate minority investments	$ 283		$ 283		$ 268

Borrowings - Additional Informa

Borrowings - Additional Information (Detail) - USD ($)	1 Months Ended	9 Months Ended
	Jun. 30, 2022	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Debt Instrument [Line Items]
Long-term notes		$ 6,591,000,000		$ 7,446,000,000
Long-term notes, fair value		5,754,000,000		7,700,000,000
Repayments of long-term borrowings		750,000,000	$ 750,000,000
Commercial Paper [Member]
Debt Instrument [Line Items]
Maximum amount available under facility		4,000,000,000
Amount outstanding under credit facility		0
2022 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Unsecured revolving credit facility		4,700,000,000		$ 300,000,000
Additional amount available, subject to lender credit approval		1,000,000,000
Maximum amount available under facility		5,700,000,000
Amount outstanding under credit facility		$ 0
Extended debt instrument maturity date		2027-03
Line of credit facility, covenant terms		The 2022 credit facility permits the Company to request up to an additional $1.0 billion of borrowing capacity, subject to lender credit approval, which could increase the overall size of the 2022 credit facility to an aggregate principal amount of up to $5.7 billion. The 2022 credit facility requires the Company not to exceed a maximum leverage ratio (ratio of net debt to earnings before interest, taxes, depreciation and amortization, where net debt equals total debt less unrestricted cash) of 3 to 1
Line of credit facility, covenant compliance		satisfied with a ratio of less than 1 to 1
3.375% Notes due 2022 [Member]
Debt Instrument [Line Items]
Repayments of long-term borrowings	$ 750,000,000

Borrowings - Carrying Value and

Borrowings - Carrying Value and Fair Value of Long-Term Notes Determined Market Prices EUR/USD Foreign Exchange Rate (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Maturity Amount	$ 6,636
Unamortized Discount and Debt Issuance Costs	(45)
Carrying Value	6,591	$ 7,446
Fair Value	5,754	$ 7,700
3.50% Notes due 2024 [Member]
Debt Instrument [Line Items]
Maturity Amount	1,000
Unamortized Discount and Debt Issuance Costs	(1)
Carrying Value	999
Fair Value	985
1.25% Notes due 2025 [Member]
Debt Instrument [Line Items]
Maturity Amount	686
Unamortized Discount and Debt Issuance Costs	(2)
Carrying Value	684
Fair Value	650
3.20% Notes due 2027 [Member]
Debt Instrument [Line Items]
Maturity Amount	700
Unamortized Discount and Debt Issuance Costs	(3)
Carrying Value	697
Fair Value	659
3.25% Notes due 2029 [Member]
Debt Instrument [Line Items]
Maturity Amount	1,000
Unamortized Discount and Debt Issuance Costs	(10)
Carrying Value	990
Fair Value	899
2.40% Notes due 2030 [Member]
Debt Instrument [Line Items]
Maturity Amount	1,000
Unamortized Discount and Debt Issuance Costs	(6)
Carrying Value	994
Fair Value	825
1.90% Notes due 2031 [Member]
Debt Instrument [Line Items]
Maturity Amount	1,250
Unamortized Discount and Debt Issuance Costs	(9)
Carrying Value	1,241
Fair Value	971
2.10% Notes due 2032 [Member]
Debt Instrument [Line Items]
Maturity Amount	1,000
Unamortized Discount and Debt Issuance Costs	(14)
Carrying Value	986
Fair Value	$ 765

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions	Sep. 30, 2022 USD ($)
Commitments And Contingencies Disclosure [Abstract]
Investment commitments	$ 861
Amount of securities on loan subject to indemnification	265,000
Collateral for indemnified securities	$ 283,000

Revenue - Summary of Investment

Revenue - Summary of Investment Advisory, Administration Fees and Securities Lending Revenue by Type (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation Of Revenue [Line Items]
Total revenue	$ 4,311	$ 5,050	$ 13,536	$ 14,268
Investment Advisory, Administration Fees and Securities Lending Revenue [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	3,531	3,943	11,052	11,292
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Equity Active Product [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	503	674	1,669	1,891
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Equity ETFs [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	1,063	1,212	3,324	3,436
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Equity Non-ETF Index [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	179	207	552	581
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Equity [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	1,745	2,093	5,545	5,908
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Fixed Income Active [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	478	561	1,515	1,631
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Fixed Income ETFs [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	276	304	839	893
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Fixed Income Non-ETF Index [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	91	121	311	350
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Fixed Income [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	845	986	2,665	2,874
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Multi-asset [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	316	369	1,006	1,041
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Alternatives [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	390	384	1,199	1,124
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Alternatives [Member] | Illiquid Alternatives [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	184	166	547	501
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Alternatives [Member] | Liquid Alternatives [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	155	163	483	460
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Alternatives [Member] | Currency and Commodities [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	51	55	169	163
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Cash Management [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	235	111	637	345
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Long-term [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	3,296	3,832	10,415	10,947
Investment Advisory Performance Fees [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	82	345	286	814
Investment Advisory Performance Fees [Member] | Equity [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	(2)	8	13	70
Investment Advisory Performance Fees [Member] | Fixed Income [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	(3)	2	19	31
Investment Advisory Performance Fees [Member] | Multi-asset [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	2		14	17
Investment Advisory Performance Fees [Member] | Alternatives [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	85	335	240	696
Investment Advisory Performance Fees [Member] | Alternatives [Member] | Illiquid Alternatives [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	79	50	181	147
Investment Advisory Performance Fees [Member] | Alternatives [Member] | Liquid Alternatives [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	6	285	59	549
Technology Services Revenue [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	338	320	1,011	942
Distribution Fees [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	325	401	1,067	1,110
Distribution Fees [Member] | Retrocessions [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	241	294	789	796
Distribution Fees [Member] | 12b-1 Fees (US Mutual Fund Distribution Fees) [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	75	91	243	263
Distribution Fees [Member] | Other Distribution Fees [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	9	16	35	51
Advisory and Other Revenue [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	35	41	120	110
Advisory and Other Revenue [Member] | Advisory [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	8	13	39	37
Advisory and Other Revenue [Member] | Other [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	$ 27	$ 28	$ 81	$ 73

Revenue - Summary of Investme_2

Revenue - Summary of Investment Advisory, Administration Fees and Securities Lending Revenue by Client Type and Investment Style (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation Of Revenue [Line Items]
Total revenue	$ 4,311	$ 5,050	$ 13,536	$ 14,268
Revenue by Client Type [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	3,531	3,943	11,052	11,292
Revenue by Client Type [Member] | Retail [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	1,058	1,291	3,421	3,647
Revenue by Client Type [Member] | Equity ETFs [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	1,385	1,571	4,322	4,493
Revenue by Client Type [Member] | Institutional Active [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	623	684	1,934	1,991
Revenue by Client Type [Member] | Institutional Index [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	230	286	738	816
Revenue by Client Type [Member] | Institutional [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	853	970	2,672	2,807
Revenue by Client Type [Member] | Cash Management [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	235	111	637	345
Revenue by Client Type [Member] | Long-term [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	3,296	3,832	10,415	10,947
Revenue by Investment Style [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	3,531	3,943	11,052	11,292
Revenue by Investment Style [Member] | Active [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	1,635	1,928	5,213	5,509
Revenue by Investment Style [Member] | Cash Management [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	235	111	637	345
Revenue by Investment Style [Member] | Equity Index and ETFs [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	1,661	1,904	5,202	5,438
Revenue by Investment Style [Member] | Long-term [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	$ 3,296	$ 3,832	$ 10,415	$ 10,947

Revenue - Schedule of Estimated

Revenue - Schedule of Estimated Investment Advisory, Administration Fees Expected to be Recognized in Future, Related to Unsatisfied Portion of Performance Obligations (Detail) - Investment Advisory, Administration Fees and Securities Lending Revenue [Member] - USD ($) $ in Millions	Sep. 30, 2022	Sep. 30, 2021
Schedule of Investment Advisory Administration Fees and Performance Fees by Type [line Items]
Revenue, Remaining Performance Obligation	$ 461	$ 481
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2021-10-01
Schedule of Investment Advisory Administration Fees and Performance Fees by Type [line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period		3 months
Revenue, Remaining Performance Obligation		$ 45
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-01-01
Schedule of Investment Advisory Administration Fees and Performance Fees by Type [line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period		1 year
Revenue, Remaining Performance Obligation		$ 157
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-10-01
Schedule of Investment Advisory Administration Fees and Performance Fees by Type [line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	3 months
Revenue, Remaining Performance Obligation	$ 47
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-01-01
Schedule of Investment Advisory Administration Fees and Performance Fees by Type [line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year	1 year
Revenue, Remaining Performance Obligation	$ 176	$ 143
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-01-01
Schedule of Investment Advisory Administration Fees and Performance Fees by Type [line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year	1 year
Revenue, Remaining Performance Obligation	$ 112	$ 85
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2025-01-01
Schedule of Investment Advisory Administration Fees and Performance Fees by Type [line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation	$ 73	$ 51
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2026-01-01
Schedule of Investment Advisory Administration Fees and Performance Fees by Type [line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period
Revenue, Remaining Performance Obligation	$ 53

Revenue - Schedule of Estimat_2

Revenue - Schedule of Estimated Investment Advisory, Administration Fees Expected to be Recognized in Future, Related to Unsatisfied Portion of Performance Obligations (Detail 1) - USD ($) $ in Millions	Sep. 30, 2022	Sep. 30, 2021
Investment Advisory, Administration Fees and Securities Lending Revenue [Member]
Schedule of Investment Advisory Administration Fees and Performance Fees by Type [line Items]
Revenue, Remaining Performance Obligation	$ 461	$ 481

Revenue - Schedule of Changes i

Revenue - Schedule of Changes in Deferred Carried Interest Liability (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue From Contract With Customer [Abstract]
Beginning balance	$ 1,592	$ 1,132	$ 1,508	$ 584
Net increase (decrease) in unrealized allocations	(58)	277	119	904
Performance fee revenue recognized	(72)	(43)	(165)	(122)
Ending balance	$ 1,462	$ 1,366	$ 1,462	$ 1,366

Revenue - Schedule of Estimat_3

Revenue - Schedule of Estimated Technology Services Revenue Expected to Be Recognized in Future, Related to Unsatisfied Portion of Performance Obligations (Detail) - Technology Services Revenue [Member] - USD ($) $ in Millions	Sep. 30, 2022	Sep. 30, 2021
Schedule of Investment Advisory Administration Fees and Securities Lending Revenue and Performance Fees by Type [line Items]
Revenue, Remaining Performance Obligation	$ 208	$ 204
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2021-10-01
Schedule of Investment Advisory Administration Fees and Securities Lending Revenue and Performance Fees by Type [line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period		3 months
Revenue, Remaining Performance Obligation		$ 38
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-01-01
Schedule of Investment Advisory Administration Fees and Securities Lending Revenue and Performance Fees by Type [line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period		1 year
Revenue, Remaining Performance Obligation		$ 83
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-10-01
Schedule of Investment Advisory Administration Fees and Securities Lending Revenue and Performance Fees by Type [line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	3 months
Revenue, Remaining Performance Obligation	$ 29
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-01-01
Schedule of Investment Advisory Administration Fees and Securities Lending Revenue and Performance Fees by Type [line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year	1 year
Revenue, Remaining Performance Obligation	$ 79	$ 43
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-01-01
Schedule of Investment Advisory Administration Fees and Securities Lending Revenue and Performance Fees by Type [line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year	1 year
Revenue, Remaining Performance Obligation	$ 45	$ 22
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2025-01-01
Schedule of Investment Advisory Administration Fees and Securities Lending Revenue and Performance Fees by Type [line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation	$ 29	$ 18
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2026-01-01
Schedule of Investment Advisory Administration Fees and Securities Lending Revenue and Performance Fees by Type [line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period
Revenue, Remaining Performance Obligation	$ 26

Revenue - Schedule of Estimat_4

Revenue - Schedule of Estimated Technology Services Revenue Expected to Be Recognized in Future, Related to Unsatisfied Portion of Performance Obligations (Detail 1) - USD ($) $ in Millions	Sep. 30, 2022	Sep. 30, 2021
Technology Services Revenue [Member]
Schedule of Technology Services Revenue [line Items]
Revenue, Remaining Performance Obligation	$ 208	$ 204

Revenue - Additional Informatio

Revenue - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Schedule of Technology Services Revenue [line Items]
Estimated annual fixed minimum fees for currently outstanding contracts	$ 215
Minimum [Member]
Schedule of Technology Services Revenue [line Items]
Term of currently outstanding contracts	1 year
Maximum [Member]
Schedule of Technology Services Revenue [line Items]
Term of currently outstanding contracts	5 years

Revenue - Schedule of Changes_2

Revenue - Schedule of Changes in Technology Services Deferred Revenue Liability (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue From Contract With Customer [Abstract]
Beginning balance	$ 108	$ 107	$ 122	$ 123
Additions	25	28	74	72
Revenue recognized that was included in the beginning balance	(32)	(31)	(95)	(91)
Ending balance	$ 101	$ 104	$ 101	$ 104

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock and RSU Activity (Detail) - $ / shares	1 Months Ended	9 Months Ended
	Jan. 31, 2022	Sep. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock and RSUs, beginning of period	2,183,017	2,183,017
Restricted Stock and RSUs, Granted		772,627
Restricted Stock and RSUs, Converted		(876,449)
Restricted Stock and RSUs, Forfeited		(58,116)
Restricted Stock and RSUs, end of period		2,021,079
Weighted-Average Grant Date Fair Value, beginning of period	$ 586.45	$ 586.45
Weighted-Average Grant Date Fair Value, Granted		822.03
Weighted-Average Grant Date Fair Value, Converted		502.79
Weighted-Average Grant Date Fair Value, Forfeited		703.34
Weighted-Average Grant Date Fair Value, end of period		$ 709.43
Performance-Based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock and RSUs, beginning of period	668,805	668,805
Restricted Stock and RSUs, Granted		143,846
Restricted Stock and RSUs, Additional shares granted due to attainment of performance measures	111,991	111,991
Restricted Stock and RSUs, Converted		(385,134)
Restricted Stock and RSUs, Forfeited		(8,454)
Restricted Stock and RSUs, end of period		531,054
Weighted-Average Grant Date Fair Value, beginning of period	$ 533.48	$ 533.48
Weighted-Average Grant Date Fair Value, Granted		820.28
Weighted-Average Grant Date Fair Value, Additional Grants		410.32
Weighted-Average Grant Date Fair Value, Converted		410.32
Weighted-Average Grant Date Fair Value, Forfeited		662.34
Weighted-Average Grant Date Fair Value, end of period		$ 672.47

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) $ / shares in Units, $ in Millions	1 Months Ended	9 Months Ended
	Jan. 31, 2022 shares	Sep. 30, 2022 USD ($) Installment $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock and RSUs, Granted | shares		772,627
Fair value of RSUs/restricted stock granted to employees		$ 635
RSUs/Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock and RSUs, Granted | shares	498,633
Award vesting period, years	3 years
Awards to employees cliff vesting | shares	197,817
RSUs to employees that cliff vest, percentage	100%
RSUs to employees that cliff vest, date	Jan. 31, 2025
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value of outstanding RSUs		$ 1,100
Stock price | $ / shares		$ 550.28
Unrecognized stock-based compensation expense		$ 615
Remaining weighted-average period		1 year 1 month 6 days
Performance-Based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock and RSUs, Granted | shares		143,846
Award vesting period, years	3 years
Awards to employees cliff vesting | shares	143,846
RSUs to employees that cliff vest, percentage	100%
RSUs to employees that cliff vest, date	Jan. 31, 2025
Intrinsic value of outstanding RSUs		$ 292
Stock price | $ / shares		$ 550.28
Unrecognized stock-based compensation expense		$ 147
Remaining weighted-average period		1 year 2 months 12 days
Restricted Stock and RSUs, Additional shares granted due to attainment of performance measures | shares	111,991	111,991
Fair value of RSUs/restricted stock granted to employees		$ 164
Performance Based Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining weighted-average period		1 year 2 months 12 days
Award vesting percentage of BlackRock's grant-date stock price		125%
Award vesting period of BlackRock's grant-date stock price		5 years
Award performance measurement period		4 years
Award vesting, number of equal installments | Installment		3
Unrecognized stock-based compensation expense		$ 26
Weighted average remaining life of awards		4 years 2 months 12 days
Performance Based Stock Options [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested option exercised period		9 years
Performance Based Stock Options [Member] | Share-based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service year of awards		2022
Performance Based Stock Options [Member] | Share-based Payment Arrangement, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service year of awards		2023
Performance Based Stock Options [Member] | Share-based Payment Arrangement, Tranche Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service year of awards		2024

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Option Activity (Detail) - Performance Based Stock Options [Member]	9 Months Ended
	Sep. 30, 2022 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, Shares Under Option, Beginning of Period | shares	1,817,923
Shares Under Option, Forfeited | shares	(60,390)
Outstanding, Shares Under Option, End of Period | shares	1,757,533
Weighted Average Exercise Price, Beginning of Period | $ / shares	$ 513.50
Weighted Average Exercise Price, Forfeited | $ / shares	513.50
Weighted Average Exercise Price, End of Period | $ / shares	$ 513.50

Net Capital Requirements - Addi

Net Capital Requirements - Additional Information (Detail) $ in Billions	Sep. 30, 2022 USD ($)
Regulatory Capital Requirements [Abstract]
Net capital requirement in certain regulated subsidiaries	$ 2.1

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Changes in AOCI (Detail) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance		$ 37,202	$ 36,148	$ 37,806	$ 35,334
Foreign currency translation adjustments	[1]	(381)	(138)	(922)	(189)
Balance		37,289	36,929	37,289	36,929
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance		(1,091)	(388)	(550)	(337)
Foreign currency translation adjustments	[2]	(381)	(138)	(922)	(189)
Balance		$ (1,472)	$ (526)	$ (1,472)	$ (526)
[1] Amounts for the three months ended September 30, 2022 and 2021 include gains from a net investment hedge of $ 35 million (net of tax expense of $ 11 million) and $ 14 million (net of tax expense of $ 5 million), respectively. Amounts for the nine months ended September 30, 2022 and 2021 include gains from a net investment hedge of $ 84 million (net of tax expense of $ 26 million) and $ 34 million (net of tax expense of $ 11 million), respectively. Amounts for the three months ended September 30, 2022 and 2021 include gains from a net investment hedge of $ 35 million (net of tax expense of $ 11 million) and $ 14 million (net of tax expense of $ 5 million), respectively. Amounts for the nine months ended September 30, 2022 and 2021 include gains from a net investment hedge of $ 84 million (net of tax expense of $ 26 million) and $ 34 million (net of tax expense of $ 11 million), respectively.

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Changes in AOCI (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Amounts Reclassified Out Of Accumulated Other Comprehensive Income Loss [Abstract]
Gain (loss) from net investment hedging, net of tax	$ 35	$ 14	$ 84	$ 34
Gain (loss) from net investment hedging, tax (expense) benefit	$ (11)	$ (5)	$ (26)	$ (11)

Capital Stock - Additional Info

Capital Stock - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Schedule of Capitalization, Equity [Line Items]
Common shares repurchased, value	$ 375	$ 300	$ 1,375	$ 900
Share Repurchase Program [Member]
Schedule of Capitalization, Equity [Line Items]
Common shares repurchased			2,000,000
Common shares repurchased, value			$ 1,400
Shares authorized to be repurchased	1,700,000		1,700,000

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Discrete tax benefits related to resolution of outstanding tax matters	$ 93	$ 139
Income tax expense benefit net noncash related to revaluation of deferred tax assets and liabilities		18	$ 171
Discrete income tax expense (benefit)		$ 87	$ 42

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings per Share ("EPS") under Treasury Stock Method (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share Basic And Diluted [Line Items]
Net income attributable to BlackRock, Inc.	$ 1,406	$ 1,681	$ 3,919	$ 4,258
Basic weighted-average shares outstanding	150,644,985	152,120,927	151,219,485	152,375,504
Total diluted weighted-average shares outstanding	151,961,389	154,343,277	152,644,054	154,352,590
Basic earnings per share	$ 9.33	$ 11.05	$ 25.92	$ 27.94
Diluted earnings per share	$ 9.25	$ 10.89	$ 25.67	$ 27.59
Restricted Stock Units (RSUs) [Member]
Earnings Per Share Basic And Diluted [Line Items]
Dilutive effect of	981,319	1,474,725	1,015,467	1,354,405
Stock Options [Member]
Earnings Per Share Basic And Diluted [Line Items]
Dilutive effect of	335,085	747,625	409,102	622,681

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Restricted Stock Units (RSUs) [Member]
Earnings Per Share Basic And Diluted [Line Items]
Antidilutive securities excluded from computation of earnings per share	371,687	348,343

Segment Information - Additiona

Segment Information - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2022 Segment
Segment Reporting [Abstract]
Number of business segments	1

Segment Information - Total Rev

Segment Information - Total Revenue by Geographic Region (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Revenue	$ 4,311	$ 5,050	$ 13,536	$ 14,268
Americas [Member]
Segment Reporting Information [Line Items]
Revenue	2,890	3,127	8,993	9,095
Europe [Member]
Segment Reporting Information [Line Items]
Revenue	1,241	1,706	3,944	4,533
Asia-Pacific [Member]
Segment Reporting Information [Line Items]
Revenue	$ 180	$ 217	$ 599	$ 640

Segment Information - Schedule

Segment Information - Schedule of Long-Lived Assets by Geographic Region (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Long-lived assets	$ 16,309	$ 16,113
Americas [Member]
Segment Reporting Information [Line Items]
Long-lived assets	14,898	14,675
Europe [Member]
Segment Reporting Information [Line Items]
Long-lived assets	1,316	1,341
Asia-Pacific [Member]
Segment Reporting Information [Line Items]
Long-lived assets	$ 95	$ 97