BlackRock (BLK) 10-Q 6 May 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2022	Apr. 30, 2022
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
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		151,503,255
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		Mar. 31, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	[1]	$ 7,262	$ 9,323
Accounts receivable		3,801	3,789
Investments	[1]	7,615	7,262
Separate account assets		75,353	86,226
Separate account collateral held under securities lending agreements		7,083	7,081
Property and equipment (net of accumulated depreciation and amortization of $x,xxx and$1,256 at March 31, 2022 and December 31, 2021, respectively)		851	762
Intangible assets (net of accumulated amortization of $xxx and $399 at March 31, 2022 and December 31, 2021, respectively)		18,415	18,453
Goodwill		15,349	15,351
Operating lease right-of-use assets		1,583	1,621
Other assets	[1]	6,015	2,780
Total assets		143,327	152,648
Liabilities
Accrued compensation and benefits		1,104	2,951
Accounts payable and accrued liabilities		1,451	1,397
Borrowings		7,430	7,446
Separate account liabilities		75,353	86,226
Separate account collateral liabilities under securities lending agreements		7,083	7,081
Deferred income tax liabilities		2,857	2,758
Operating lease liabilities		1,842	1,872
Other liabilities	[1]	7,348	4,024
Total liabilities		104,468	113,755
Commitments and contingencies (Note 15)
Temporary equity
Redeemable noncontrolling interests		1,263	1,087
Permanent Equity
Shares authorized: 500,000,000 at March 31, 2022 and December 31, 2021;Shares issued: 172,075,373 at both March 31, 2022 and December 31, 2021;Shares outstanding: 151,725,643 and 151,684,491 at March 31, 2022 and December 31, 2021, respectively		2	2
Additional paid-in capital		19,302	19,640
Retained earnings		28,338	27,688
Accumulated other comprehensive loss		(675)	(550)
Treasury stock, common, at cost (20,349,730 and 20,390,882 shares held at March 31, 2022 and December 31, 2021, respectively)		(9,478)	(9,087)
Total BlackRock, Inc. stockholders’ equity		37,489	37,693
Nonredeemable noncontrolling interests		107	113
Total permanent equity		37,596	37,806
Total liabilities, temporary equity and permanent equity		$ 143,327	$ 152,648
[1]	At March 31, 2022, cash and cash equivalents, investments, other assets and other liabilities include $332 million, $4,180 million, $67 million, and $2,165 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		Mar. 31, 2022	Dec. 31, 2021
Property and equipment, accumulated depreciation		$ 1,309	$ 1,256
Intangible assets, accumulated amortization		$ 410	$ 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		151,725,643	151,684,491
Treasury stock, common shares		20,349,730	20,390,882
Cash and cash equivalents	[1]	$ 7,262	$ 9,323
Investments	[1]	7,615	7,262
Other assets	[1]	6,015	2,780
Other liabilities	[1]	7,348	4,024
Consolidated Variable Interest Entities [Member]
Cash and cash equivalents		332	251
Investments		4,180	3,968
Other assets		67	50
Other liabilities		$ 2,165	$ 1,919
[1]	At March 31, 2022, cash and cash equivalents, investments, other assets and other liabilities include $332 million, $4,180 million, $67 million, and $2,165 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
	Mar. 31, 2022	Mar. 31, 2021
Revenue
Total revenue	$ 4,699	$ 4,398
Expense
Employee compensation and benefits	1,498	1,409
Distribution and servicing costs	574	505
Direct fund expense	329	320
General and administration	496	585
Amortization of intangible assets	38	34
Total expense	2,935	2,853
Operating income	1,764	1,545
Nonoperating income (expense)
Net gain (loss) on investments	(102)	82
Interest and dividend income	18	19
Interest expense	(54)	(55)
Total nonoperating income (expense)	(138)	46
Income before income taxes	1,626	1,591
Income tax expense	263	318
Net income	1,363	1,273
Net income (loss) attributable to noncontrolling interests	(73)	74
Net income attributable to BlackRock, Inc.	$ 1,436	$ 1,199
Earnings per share attributable to BlackRock, Inc. common stockholders:
Basic	$ 9.46	$ 7.86
Diluted	$ 9.35	$ 7.77
Weighted-average common shares outstanding:
Basic	151,732,845	152,567,453
Diluted	153,530,395	154,301,812
Investment Advisory, Administration Fees and Securities Lending Revenue [Member]
Revenue
Total revenue	$ 3,833	$ 3,592
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Related Parties [Member]
Revenue
Total revenue	2,883	2,685
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Other Third Parties [Member]
Revenue
Total revenue	950	907
Investment Advisory Performance Fees [Member]
Revenue
Total revenue	98	129
Technology Services Revenue [Member]
Revenue
Total revenue	341	306
Distribution Fees [Member]
Revenue
Total revenue	381	340
Advisory and Other Revenue [Member]
Revenue
Total revenue	$ 46	$ 31

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Statement Of Income And Comprehensive Income [Abstract]
Net income		$ 1,363	$ 1,273
Other comprehensive income (loss):
Foreign currency translation adjustments	[1]	(125)	(74)
Comprehensive income (loss)		1,238	1,199
Less: Comprehensive income (loss) attributable to noncontrolling interests		(73)	74
Comprehensive income attributable to BlackRock, Inc.		$ 1,311	$ 1,125
[1]	Amounts for the three months ended March 31, 2022 and 2021 include gains from a net investment hedge of $13 million (net of tax expense of $4 million) and $26 million (net of tax expense of $8 million), respectively.

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement Of Income And Comprehensive Income [Abstract]
Gain from net investment hedging, net of tax	$ 13	$ 26
Gain (loss) from net investment hedging, tax expense	$ 4	$ 8

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	1,199			1,199			1,199		74
Dividends declared	(661)			(661)			(661)
Stock-based compensation	196	196	[1]				196
Issuance of common shares related to employee stock transactions	5	(368)	[1]			373	5
Employee tax withholdings related to employee stock transactions	(268)					(268)	(268)
Shares repurchased	(300)					(300)	(300)
Contributions (redemptions/distributions) — noncontrolling interest holders	(2)							(2)	622
Net consolidations (deconsolidations) of sponsored investment funds									(607)
Other comprehensive income (loss)	(74)				(74)		(74)
Balance at Mar. 31, 2021	35,429	19,123	[1]	24,872	(411)	(8,204)	35,380	49	2,411
Balance at Dec. 31, 2021	37,806	19,642	[2]	27,688	(550)	(9,087)	37,693	113	1,087
Net income	1,436			1,436			1,436		(73)
Dividends declared	(786)			(786)			(786)
Stock-based compensation	201	201	[2]				201
Issuance of common shares related to employee stock transactions	6	(539)	[2]			545	6
Employee tax withholdings related to employee stock transactions	(436)					(436)	(436)
Shares repurchased	(500)					(500)	(500)
Contributions (redemptions/distributions) — noncontrolling interest holders	(6)							(6)	372
Net consolidations (deconsolidations) of sponsored investment funds									(123)
Other comprehensive income (loss)	(125)				(125)		(125)
Balance at Mar. 31, 2022	$ 37,596	$ 19,304	[2]	$ 28,338	$ (675)	$ (9,478)	$ 37,489	$ 107	$ 1,263
[1]	Amounts include $2 million of common stock at both March 31, 2021 and December 31, 2020.
[2]	Amounts include $2 million of common stock at both March 31, 2022 and December 31, 2021.

Condensed Consolidated Statem_7

Condensed Consolidated Statements of Changes in Equity (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Additional Paid-in Capital, value of stock	$ 37,596	$ 35,429	$ 37,806	$ 35,334
Common Stock [Member]
Additional Paid-in Capital, value of stock	$ 2	$ 2	$ 2	$ 2
Dividends declared, amount per share	$ 4.88	$ 4.13

Condensed Consolidated Statem_8

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating activities
Net income	$ 1,363	$ 1,273
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
Depreciation and amortization	100	97
Noncash lease expense	40	31
Stock-based compensation	201	196
Deferred income tax expense (benefit)	76	102
Other investment gains	(29)
Net (gains) losses within CIPs	159	(104)
Net (purchases) proceeds within CIPs	(393)	(612)
(Earnings) losses from equity method investees	(2)	(25)
Distributions of earnings from equity method investees	25	8
Changes in operating assets and liabilities:
Accounts receivable	(27)	(311)
Investments, trading	44	82
Other assets	(3,234)	(731)
Accrued compensation and benefits	(1,852)	(1,432)
Accounts payable and accrued liabilities	48	155
Other liabilities	3,059	698
Net cash provided by/(used in) operating activities	(422)	(573)
Investing activities
Purchases of investments	(140)	(146)
Proceeds from sales and maturities of investments	73	110
Distributions of capital from equity method investees	19	34
Net consolidations (deconsolidations) of sponsored investment funds	(3)	(38)
Acquisitions, net of cash acquired		(1,062)
Purchases of property and equipment	(147)	(48)
Net cash provided by/(used in) investing activities	(198)	(1,150)
Financing activities
Cash dividends paid	(786)	(661)
Repurchases of common stock	(936)	(568)
Net proceeds from (repayments of) borrowings by CIPs		13
Net contributions (redemptions/distributions) - noncontrolling interest holders	366	620
Other financing activities	5	5
Net cash provided by/(used in) financing activities	(1,351)	(591)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(90)	(7)
Net increase/(decrease) in cash, cash equivalents and restricted cash	(2,061)	(2,321)
Cash, cash equivalents and restricted cash, beginning of period	9,340	8,681
Cash, cash equivalents and restricted cash, end of period	7,279	6,360
Supplemental schedule of noncash investing and financing transactions:
Issuance of common stock	539	368
Increase (decrease) in noncontrolling interests due to net consolidation (deconsolidation) of sponsored investment funds	$ (123)	$ (607)

Business Overview

Business Overview	3 Months Ended
	Mar. 31, 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 BlackRock also offers technology services, including the investment and risk management technology platform, Aladdin ®

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 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 March 31, 2022 and for the three months ended March 31, 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, investments in collateralized loan obligations (“CLOs”), bank loans, short-term floating-rate notes, asset-backed securities, securities held within consolidated hedge funds, as well as over-the-counter derivatives, including interest and inflation 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 a) the legal title, or b) 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 March 31, 2022 and December 31, 2021, the fair value of loaned securities held by separate accounts was approximately $13.1 billion and $13.2 billion, respectively, and the fair value of the collateral under these securities lending agreements was approximately $14.0 billion and $14.1 billion, respectively, of which approximately $7.1 billion as of both March 31, 2022 and December 31, 2021 was recognized on the condensed consolidated statements of financial condition. During the three months ended March 31, 2022 and 2021, the Company had not 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”). During the three months ended March 31, 2022, and 2021 these waivers resulted in a reduction of management fees of approximately $72 million and $70 million, respectively, which 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	3 Months Ended
	Mar. 31, 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	3 Months Ended
	Mar. 31, 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. March 31, December 31, 2022 2021 (in millions) Cash and cash equivalents $ 7,262 $ 9,323 Restricted cash included in other assets 17 17 Total cash, cash equivalents and restricted cash $ 7,279 $ 9,340

Investments

Investments	3 Months Ended
	Mar. 31, 2022
Investments Debt And Equity Securities [Abstract]
Investments	5. Investments A summary of the carrying value of total investments is as follows: March 31, December 31, (in millions) 2022 2021 Debt securities: Held-to-maturity investments $ 460 $ 430 Trading securities (including $1,093 and $1,140 trading debt securities of CIPs at March 31, 2022 and December 31, 2021, respectively) 1,132 1,186 Total debt securities 1,592 1,616 Equity securities at FVTNI (including $1,592 and $1,485 equity securities at FVTNI of CIPs at March 31, 2022 and December 31, 2021, respectively) 1,769 1,738 Equity method investments (1) 1,797 1,694 Bank loans held by CIPs 292 284 Federal Reserve Bank stock (2) 96 96 Carried interest (3) 1,778 1,555 Other investments (4) 291 279 Total investments $ 7,615 $ 7,262 ( 1 ) Equity method investments primarily include BlackRock’s direct investments in certain BlackRock sponsored investment funds. ( 2 ) At both March 31, 2022 and December 31, 2021, there were no indicators of impairment of Federal Reserve Bank stock, which 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 and foreign government debt held primarily for regulatory purposes. The amortized cost (carrying value) of these investments approximated fair value (primarily a Level 2 input). At March 31, 2022, $26 million of these investments mature between one year to five years, $142 million of these investments mature between five to 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: March 31, 2022 December 31, 2021 (in millions) Cost Carrying Value Cost Carrying Value Trading debt securities: Corporate debt $ 737 $ 731 $ 703 $ 701 Government debt 305 305 365 363 Asset/mortgage-backed debt 104 96 126 122 Total trading debt securities $ 1,146 $ 1,132 $ 1,194 $ 1,186 Equity securities at FVTNI: Equity securities/mutual funds $ 1,640 $ 1,769 $ 1,451 $ 1,738 Total equity securities at FVTNI $ 1,640 $ 1,769 $ 1,451 $ 1,738

Consolidated Sponsored Investme

Consolidated Sponsored Investment Products	3 Months Ended
	Mar. 31, 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: March 31, 2022 December 31, 2021 (in millions) VIEs VREs Total VIEs VREs Total Cash and cash equivalents $ 332 $ 44 $ 376 $ 251 $ 57 $ 308 Investments: Trading debt securities 780 313 1,093 870 270 1,140 Equity securities at FVTNI 1,169 423 1,592 1,100 385 1,485 Bank loans 292 — 292 284 — 284 Other investments 221 — 221 210 — 210 Carried interest 1,718 — 1,718 1,504 — 1,504 Total investments 4,180 736 4,916 3,968 655 4,623 Other assets 67 18 85 50 32 82 Other liabilities (1) (2,165 ) (44 ) (2,209 ) (1,919 ) (82 ) (2,001 ) Noncontrolling interests - CIPs (1,220 ) (77 ) (1,297 ) (1,046 ) (79 ) (1,125 ) BlackRock's net interests in CIPs $ 1,194 $ 677 $ 1,871 $ 1,304 $ 583 $ 1,887 (1) At both March 31, 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. The Company cannot readily access cash and cash equivalents held by CIPs to use in its operating activities. Net gain (loss) related to consolidated VIEs is presented in the following table: Three Months Ended March 31, (in millions) 2022 2021 Nonoperating net gain (loss) on consolidated VIEs $ (133 ) $ 83 Net income (loss) attributable to NCI on consolidated VIEs $ (75 ) $ 55

Variable Interest Entities

Variable Interest Entities	3 Months Ended
	Mar. 31, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Variable Interest Entities	7. Variable Interest Entities Nonconsolidated VIEs . At March 31, 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 (“PB”), was as follows: (in millions) Advisory Fee Other Net Assets Maximum At March 31, 2022 Investments Receivables (Liabilities) Risk of Loss (1) Sponsored investment products $ 895 $ 96 $ (12 ) $ 1,008 At December 31, 2021 Sponsored investment products $ 882 $ 62 $ (12 ) $ 961 (1) At both March 31, 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 $21 billion and $20 billion at March 31, 2022 and December 31, 2021, respectively.

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
	Mar. 31, 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 March 31, 2022 (in millions) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Investments Measured at NAV (1) Other (2) March 31, 2022 Assets: Investments Debt securities: Held-to-maturity investments $ — $ — $ — $ — $ 460 $ 460 Trading securities — 1,124 8 — — 1,132 Total debt securities — 1,124 8 — 460 1,592 Equity securities at FVTNI: Equity securities/mutual funds 1,769 — — — — 1,769 Equity method: Equity and fixed income mutual funds 261 — — — — 261 Hedge funds/funds of hedge funds — — — 433 — 433 Private equity funds — — — 847 — 847 Real assets funds — — — 256 — 256 Total equity method 261 — — 1,536 — 1,797 Bank loans — 28 264 — — 292 Federal Reserve Bank Stock — — — — 96 96 Carried interest — — — — 1,778 1,778 Other investments (3) — 12 4 95 180 291 Total investments 2,030 1,164 276 1,631 2,514 7,615 Other assets (4) 181 19 — — — 200 Separate account assets 48,288 26,271 — — 794 75,353 Separate account collateral held under securities lending agreements: Equity securities 2,903 — — — — 2,903 Debt securities — 4,180 — — — 4,180 Total separate account collateral held under securities lending agreements 2,903 4,180 — — — 7,083 Total $ 53,402 $ 31,634 $ 276 $ 1,631 $ 3,308 $ 90,251 Liabilities: Separate account collateral liabilities under securities lending agreements $ 2,903 $ 4,180 $ — $ — $ — $ 7,083 Other liabilities (5) — 35 312 — — 347 Total $ 2,903 $ 4,215 $ 312 $ — $ — $ 7,430 (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 primarily 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. (5) Level 2 amount primarily includes fair value of derivatives (See Note 9, Derivatives and Hedging Commitments and Contingencies Assets and liabilities measured at fair value on a recurring basis December 31, 2021 (in millions) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Investments Measured at NAV (1) Other (2) December 31, 2021 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 funds 245 — — — — 245 Hedge funds/funds of hedge funds — — — 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 under securities lending agreements 3,717 3,364 — — — 7,081 Total $ 60,570 $ 35,372 $ 292 $ 1,545 $ 3,024 $ 100,803 Liabilities: Separate account collateral liabilities under securities lending agreements $ 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. (5) Level 2 amount primarily includes fair value of derivatives (See Note 9, Derivatives and Hedging Commitments and Contingencies Level 3 Assets. Level 3 assets may include investments in CLOs and bank loans of consolidated CLOs, which were valued based on single-broker nonbinding quotes and direct private equity investments, which were valued using the market or income approach. Level 3 investments of $276 million and $292 million at March 31, 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 March 31, 2022 (in millions) December 31, 2021 Realized and Unrealized Gains (Losses) Purchases Sales and Maturities Issuances and other Settlements (1) Transfers into Level 3 Transfers out of Level 3 March 31, 2022 Total Net Unrealized Gains (Losses) Included in Earnings (2) Assets: Investments: Debt securities: Trading $ 17 $ — $ 6 $ (12 ) $ — $ — $ (3 ) $ 8 $ — Total debt securities 17 — 6 (12 ) — — (3 ) 8 — Private equity 5 — — — — — (1 ) 4 — Bank loans 270 — 8 — — — (14 ) 264 — Total investments 292 — 14 (12 ) — — (18 ) 276 — Total Level 3 assets $ 292 $ — $ 14 $ (12 ) $ — $ — $ (18 ) $ 276 $ — Liabilities: Other liabilities $ 342 $ (1 ) $ — $ — $ (31 ) $ — $ — $ 312 $ (1 ) Total Level 3 liabilities $ 342 $ (1 ) $ — $ — $ (31 ) $ — $ — $ 312 $ (1 ) (1) Amounts primarily include contingent liability payments related to certain acquisitions. (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 March 31, 2021 (in millions) December 31, 2020 Realized and Unrealized Gains (Losses) Purchases Sales and Maturities Issuances and other Settlements (1) Transfers into Level 3 Transfers out of Level 3 March 31, 2021 Total Net Unrealized Gains (Losses) Included in Earnings (2) Assets: Investments: Debt securities: Trading $ 11 $ — $ 5 $ — $ — $ — $ (2 ) $ 14 $ — Total debt securities 11 — 5 — — — (2 ) 14 — Private equity 9 — — — — — — 9 — Bank loans 232 — 9 — — 4 (10 ) 235 — Total investments $ 252 $ — $ 14 $ — $ — $ 4 $ (12 ) $ 258 $ — Liabilities: Other liabilities $ 272 $ (3 ) $ — $ — $ 5 $ — $ — $ 280 $ (3 ) Total Level 3 liabilities $ 272 $ (3 ) $ — $ — $ 5 $ — $ — $ 280 $ (3 ) (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. 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) for consolidated sponsored investment funds 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 March 31, 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: March 31, 2022 December 31, 2021 (in millions) Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Fair Value Hierarchy Financial Assets (1) Cash and cash equivalents $ 7,262 $ 7,262 $ 9,323 $ 9,323 Level 1 (2) (3) Other assets $ 29 $ 29 $ 22 $ 22 Level 1 (2) (4) Financial Liabilities: Long-term borrowings $ 7,430 $ 7,253 $ 7,446 $ 7,735 Level 2 (5) (1) See Note 5, Investments (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 March 31, 2022 and December 31, 2021, approximately $1.7 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 March 2022 and December 2021, respectively. See Note 14, 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). March 31, 2022 (in millions) Ref Fair Value Total Unfunded Commitments Redemption Frequency Redemption Notice Period Equity method: (1) Hedge funds/funds of hedge funds (a) $ 433 $ 113 Daily/Monthly (20%) Quarterly (13%) N/R (67%) 1 – 90 days Private equity funds (b) 847 188 N/R N/R Real assets funds (c) 256 260 Quarterly (18%) N/R (82%) 60 days Consolidated sponsored investment products: Real assets funds (d) 89 95 N/R N/R Other funds (c) 6 24 N/R N/R Total $ 1,631 $ 680 December 31, 2021 (in millions) Ref Fair Value Total Unfunded Commitments Redemption Frequency Redemption Notice Period Equity method: (1) Hedge funds/funds of hedge funds (a) $ 369 $ 141 Daily/Monthly (20%) Quarterly (20%) N/R (60%) 1 – 90 days Private equity funds (b) 846 153 N/R N/R Real assets funds (c) 234 245 Quarterly (20%) N/R (80%) 60 days Consolidated sponsored investment products: Real assets funds (d) 90 101 N/R N/R Other funds (c) 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 and funds of hedge 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 March 31, 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 as well as 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 March 31, 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 March 3 1 , 20 2 2 and December 31, 20 2 1 . The total remaining unfunded commitments to real assets funds were $ 355 million and $ 346 million at March 31, 2022 and December 31, 20 2 1 , respectively. The Company ’s portion of the total remaining unfunded commitments was $ 309 million and $ million at March 31, 2022 and December 31, 20 2 1 , 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 March 31, 2022 and December 31, 2021, the Company elected the fair value option for certain investments in CLOs of approximately $39 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 March 31, 2022 and December 31, 2021: March 31, December 31, (in millions) 2022 2021 CLO Bank loans: Aggregate principal amounts outstanding $ 291 $ 281 Fair value 292 284 Aggregate unpaid principal balance in excess of (less than) fair value $ (1 ) $ (3 ) CLO Borrowings: Aggregate principal amounts outstanding $ 275 $ 275 Fair value $ 277 $ 278 At March 31, 2022, the principal amounts outstanding of the borrowings issued by the CLOs mature in 2030. During the three months ended March 31, 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	3 Months Ended
	Mar. 31, 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 March 31, 2022 and December 31, 2021, the Company had outstanding total return swaps with aggregate notional values of approximately $688 million and $720 million, respectively. The Company executes forward foreign currency exchange contracts to mitigate the risk of certain foreign exchange movements. At March 31, 2022 and December 31, 2021, the Company had outstanding forward foreign currency exchange contracts with aggregate notional values of approximately $1.9 billion and At both March 31, 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 March 31, 2022 and December 31, 2021: (in millions) Assets Liabilities Derivative instruments Statement of Financial Condition Classification March 31, 2022 December 31, 2021 Statement of Financial Condition Classification March 31, 2022 December 31, 2021 Total return swaps Other assets $ 16 $ 5 Other liabilities $ 22 $ 14 Forward foreign currency exchange contracts Other assets 3 34 Other liabilities 1 — Total $ 19 $ 39 $ 23 $ 14 The following table presents realized and unrealized gains (losses) recognized in the condensed Three Months Ended March 31, (in millions) 2022 2021 Derivative Instruments Statement of Income Classification Gains (Losses) Total return swaps Nonoperating income (expense) $ 41 $ (34 ) Forward foreign currency exchange contracts General and administration expense (42 ) 7 Total gain (loss) from derivative instruments $ (1 ) $ (27 ) 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 months ended March 31, 2022 and 2021. See Note 15, Borrowings

Goodwill

Goodwill	3 Months Ended
	Mar. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	10. Goodwill Goodwill activity during the three months ended March 31, 2022 was as follows: (in millions) December 31, 2021 $ 15,351 Other (1) (2 ) March 31, 2022 $ 15,349 ( 1 )

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 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 — (38 ) (38 ) March 31, 2022 $ 17,578 $ 837 $ 18,415

Leases

Leases	3 Months Ended
	Mar. 31, 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 March 31, (in millions) 2022 2021 Lease cost: Operating lease cost (1) $ 51 $ 39 Variable lease cost (2) 11 10 Total lease cost $ 62 $ 49 (1) Amounts include short-term leases, which are immaterial for the three months ended March 31, 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: Three Months Ended March 31, (in millions) 2022 2021 Supplemental cash flow information: Operating cash flows from operating leases included in the measurement of operating lease liabilities $ 41 $ 40 Supplemental noncash information: ROU assets in exchange for operating lease liabilities $ 12 $ 13 March 31, 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	3 Months Ended
	Mar. 31, 2022
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Other Assets	13. Other Assets At March 31, 2022 and December 31, 2021, the Company had $572 million and $583 million of equity method investments, respectively, recorded within other assets on the condensed consolidated statements of financial condition. 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.

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 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 United States 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 March 31, 2022. At March 31, 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 March 31, 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 March 31, 2022 included the following: (in millions) Maturity Amount Unamortized Discount and Debt Issuance Costs (1) Carrying Value Fair Value 3.375% Notes due 2022 $ 750 $ — $ 750 $ 753 3.50% Notes due 2024 1,000 (2 ) 998 1,025 1.25% Notes due 2025 778 (2 ) 776 784 3.20% Notes due 2027 700 (3 ) 697 706 3.25% Notes due 2029 1,000 (10 ) 990 1,011 2.40% Notes due 2030 1,000 (6 ) 994 945 1.90% Notes due 2031 1,250 (10 ) 1,240 1,125 2.10% Notes due 2032 1,000 (15 ) 985 904 Total long-term notes $ 7,478 $ (48 ) $ 7,430 $ 7,253 (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. See Note 15, Borrowings

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	15. Commitments and Contingencies Investment Commitments. At March 31, 2022, the Company had $844 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 March 31, 2022 and subject to this type of indemnification was $287 billion. In the Company’s capacity as lending agent, cash and securities totaling $307 billion were held as collateral for indemnified securities on loan at March 31, 2022. The fair value of these indemnifications was not material at March 31, 2022.

Revenue

Revenue	3 Months Ended
	Mar. 31, 2022
Revenue From Contract With Customer [Abstract]
Revenue	16. Revenue The table below presents detail of revenue for the three months ended March 31, 2022 and 2021 and includes the product mix of investment advisory, administration fees and securities lending revenue, and performance fees. Three Months Ended March 31, (in millions) 2022 2021 Investment advisory, administration fees and securities lending revenue: Equity: Active $ 616 $ 576 ETFs 1,158 1,068 Non-ETF Index 187 176 Equity subtotal 1,961 1,820 Fixed income: Active 534 525 ETFs 289 295 Non-ETF Index 118 113 Fixed income subtotal 941 933 Multi-asset 359 328 Alternatives: Illiquid alternatives 179 168 Liquid alternatives 167 147 Currency and commodities (1) 56 53 Alternatives subtotal 402 368 Long-term 3,663 3,449 Cash management 170 143 Total investment advisory, administration fees and securities lending revenue 3,833 3,592 Investment advisory performance fees: Equity 12 26 Fixed income 9 14 Multi-asset 5 8 Alternatives: Illiquid alternatives 37 7 Liquid alternatives 35 74 Alternatives subtotal 72 81 Total performance fees 98 129 Technology services revenue 341 306 Distribution fees: Retrocessions 279 238 12b-1 fees (US mutual fund distribution fees) 88 85 Other 14 17 Total distribution fees 381 340 Advisory and other revenue: Advisory 16 15 Other 30 16 Total advisory and other revenue 46 31 Total revenue $ 4,699 $ 4,398 _____________________________________________________________ (1) The tables below present the investment advisory, administration fees and securities lending revenue by client type and investment style: Three Months Ended March 31, (in millions) 2022 2021 By client type: Retail $ 1,224 $ 1,125 ETFs 1,501 1,417 Institutional: Active 675 650 Index 263 257 Total institutional 938 907 Long-term 3,663 3,449 Cash management 170 143 Total $ 3,833 $ 3,592 By investment style: Active $ 1,851 $ 1,739 Index and ETFs 1,812 1,710 Long-term 3,663 3,449 Cash management 170 143 Total $ 3,833 $ 3,592 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 March 31, 2022 and 2021: March 31, 2022 Remainder of (in millions) 2022 2023 2024 2025 Thereafter Total Investment advisory and administration fees: Alternatives (1)(2) $ 130 $ 159 $ 96 $ 58 $ 38 $ 481 March 31, 2021 Remainder of (in millions) 2021 2022 2023 2024 Thereafter Total Investment advisory and administration fees: Alternatives (1)(2) $ 118 $ 154 $ 122 $ 75 $ 47 $ 516 (1) Investment advisory and administration fees include management fees related to certain alternative products, which are based on contractual committed capital outstanding at March 31, 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 months ended March 31, 2022 and 2021: Three Months Ended March 31, (in millions) 2022 2021 Beginning balance $ 1,508 $ 584 Net increase (decrease) in unrealized allocations 223 166 Performance fee revenue recognized (32 ) (2 ) Ending balance $ 1,699 $ 748 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 March 31, 2022 and 2021: March 31, 2022 Remainder of (in millions) 2022 2023 2024 2025 Thereafter Total Technology services revenue (1)(2) $ 92 $ 60 $ 37 $ 22 $ 18 $ 229 March 31, 2021 Remainder of (in millions) 2021 2022 2023 2024 Thereafter Total Technology services revenue (1)(2) $ 90 $ 64 $ 37 $ 17 $ 11 $ 219 (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 March 31, 2022, the estimated fixed minimum fees for the remainder of the year approximated $620 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 months ended March 31, 2022 and 2021, which is included in other liabilities on the condensed consolidated statements of financial condition: Three Months Ended March 31, (in millions) 2022 2021 Beginning balance $ 122 $ 123 Additions (1) 22 18 Revenue recognized that was included in the beginning balance (31 ) (30 ) Ending balance $ 113 $ 111 (1) Amounts are net of revenue recognized.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 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 three months ended March 31, 2022 is summarized below. Outstanding at Restricted Stock and RSUs Weighted- Average Grant Date Fair Value December 31, 2021 2,183,017 $ 586.45 Granted 714,261 $ 833.19 Converted (810,541 ) $ 497.24 Forfeited (10,683 ) $ 655.32 March 31, 2022 2,076,054 $ 705.81 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 three months ended March 31, 2022 was $595 million. At March 31, 2022, the intrinsic value of outstanding RSUs was $1.6 billion, reflecting a closing stock price of $764.17. At March 31, 2022, total unrecognized stock-based compensation expense related to unvested RSUs was $906 million. The unrecognized compensation cost is expected to be recognized over the remaining weighted-average period of 1.6 years. Performance-Based RSUs. Performance-based RSU activity for the three months ended March 31, 2022 is summarized below. Outstanding at Performance- Based RSUs Weighted- Average Grant Date Fair Value December 31, 2021 668,805 $ 533.48 Granted 143,846 $ 820.28 Additional shares granted due to attainment of performance measures 111,991 $ 410.32 Converted (385,134 ) $ 410.32 March 31, 2022 539,508 $ 672.31 In January 2022, the Company granted 143,846 performance-based RSUs to certain employees 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 to certain employees based on the attainment of Company performance measures during the performance period. The Company initially 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 three months ended March 31, 2022 was $164 million. At March 31, 2022, the intrinsic value of outstanding performance-based RSUs was $412 million, reflecting a closing stock price of $764.17. At March 31, 2022, total unrecognized stock-based compensation expense related to unvested performance-based awards was $240 million. The unrecognized compensation cost is expected to be recognized over the remaining weighted-average period of 1.7 years. See Note 18, Stock-Based Compensation, Performance-based Stock Options. Stock options outstanding at both March 31, 2022 and December 31, 2021 were 1,817,923 with a weighted-average exercise price of $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 At March 31, 2022, total unrecognized stock-based compensation expense related to unvested performance-based stock options was $39 million. The unrecognized compensation cost is expected to be recognized over the remaining weighted-average period of 1.7 years. At March 31, 2022, the weighted-average remaining life of the awards is approximately 4.7 years. See Note 18, Stock-Based Compensation,

Net Capital Requirements

Net Capital Requirements	3 Months Ended
	Mar. 31, 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 March 31, 2022, the Company was required to maintain approximately $2.3 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)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	19. Accumulated Other Comprehensive Income (Loss) The following table presents changes in AOCI for the three months ended March 31, 2022 and 2021: Three Months Ended March 31, (in millions) 2022 2021 Beginning balance $ (550 ) $ (337 ) Foreign currency translation adjustments (1) (125 ) (74 ) Ending balance $ (675 ) $ (411 ) (1) Amounts for the three months ended March 31, 2022 and 2021 include gains from a net investment hedge of $13 million (net of tax expense of $4 million) and $26 million (net of tax expense of $8 million), respectively.

Capital Stock

Capital Stock	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Capital Stock	20. Capital Stock Share Repurchases . During the three months ended March 31, 2022, the Company repurchased 0.6 million common shares under the Company’s existing share repurchase program for approximately $500 million. At March 31, 2022, there were approximately 3 million shares still authorized to be repurchased under the program.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	21. Income Taxes Income tax expense for the three months ended March 31, 2022 included $133 million of discrete tax benefits related to stock-based compensation awards that vested in the first quarter of 2022 and the resolution of certain outstanding tax matters. In addition, income tax expense for the three months ended March 31, 2022 included $18 million of net noncash tax benefits related to the revaluation of certain deferred income tax liabilities. Income tax expense for the three months ended March 31, 2021 included $39 million of discrete tax benefits related to stock-based compensation awards.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 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 months ended March 31, 2022 and 2021 under the treasury stock method: Three Months Ended March 31, (in millions, except shares and per share data) 2022 2021 Net income attributable to BlackRock, Inc. $ 1,436 $ 1,199 Basic weighted-average shares outstanding 151,732,845 152,567,453 Dilutive effect of: Nonparticipating RSUs 1,229,694 1,284,020 Stock options 567,856 $ 450,339 Total diluted weighted-average shares outstanding 153,530,395 154,301,812 Basic earnings per share $ 9.46 $ 7.86 Diluted earnings per share $ 9.35 $ 7.77 For the three months ended March 31, 2022, 443,223 RSUs 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 months ended March 31, 2021. Certain performance-based RSUs were excluded from the diluted EPS calculation because the designated contingency was not met for the three months ended March 31, 2022 and 2021, respectively.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 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 months ended March 31, 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 (in millions) March 31, Revenue 2022 2021 Americas $ 3,089 $ 2,810 Europe 1,396 1,387 Asia-Pacific 214 201 Total revenue $ 4,699 $ 4,398 See Note 16, Revenue The following table illustrates long-lived assets that consist of goodwill and property and equipment at March 31, 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. (in millions) March 31, December 31, Long-lived Assets 2022 2021 Americas $ 14,770 $ 14,675 Europe 1,334 1,341 Asia-Pacific 96 97 Total long-lived assets $ 16,200 $ 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	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	24. Subsequent Events In April 2022, the Company announced a minority investment and strategic partnership with Circle Internet Financial (“Circle”), a global internet payments and treasury infrastructure firm. Circle is the issuer of USD Coin (USDC), a dollar-based, fully reserved stablecoin. The investment is expected to close in the second quarter of 2022, subject to customary closing conditions, and is not material to the Company’s condensed consolidated financial statements. The Company conducted a review for additional 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)	3 Months Ended
	Mar. 31, 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 March 31, 2022 and for the three months ended March 31, 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, investments in collateralized loan obligations (“CLOs”), bank loans, short-term floating-rate notes, asset-backed securities, securities held within consolidated hedge funds, as well as over-the-counter derivatives, including interest and inflation 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 a) the legal title, or b) 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 March 31, 2022 and December 31, 2021, the fair value of loaned securities held by separate accounts was approximately $13.1 billion and $13.2 billion, respectively, and the fair value of the collateral under these securities lending agreements was approximately $14.0 billion and $14.1 billion, respectively, of which approximately $7.1 billion as of both March 31, 2022 and December 31, 2021 was recognized on the condensed consolidated statements of financial condition. During the three months ended March 31, 2022 and 2021, the Company had not 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”). During the three months ended March 31, 2022, and 2021 these waivers resulted in a reduction of management fees of approximately $72 million and $70 million, respectively, which 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)	3 Months Ended
	Mar. 31, 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)	3 Months Ended
	Mar. 31, 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. March 31, December 31, 2022 2021 (in millions) Cash and cash equivalents $ 7,262 $ 9,323 Restricted cash included in other assets 17 17 Total cash, cash equivalents and restricted cash $ 7,279 $ 9,340

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 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: March 31, December 31, (in millions) 2022 2021 Debt securities: Held-to-maturity investments $ 460 $ 430 Trading securities (including $1,093 and $1,140 trading debt securities of CIPs at March 31, 2022 and December 31, 2021, respectively) 1,132 1,186 Total debt securities 1,592 1,616 Equity securities at FVTNI (including $1,592 and $1,485 equity securities at FVTNI of CIPs at March 31, 2022 and December 31, 2021, respectively) 1,769 1,738 Equity method investments (1) 1,797 1,694 Bank loans held by CIPs 292 284 Federal Reserve Bank stock (2) 96 96 Carried interest (3) 1,778 1,555 Other investments (4) 291 279 Total investments $ 7,615 $ 7,262 ( 1 ) Equity method investments primarily include BlackRock’s direct investments in certain BlackRock sponsored investment funds. ( 2 ) At both March 31, 2022 and December 31, 2021, there were no indicators of impairment of Federal Reserve Bank stock, which 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: March 31, 2022 December 31, 2021 (in millions) Cost Carrying Value Cost Carrying Value Trading debt securities: Corporate debt $ 737 $ 731 $ 703 $ 701 Government debt 305 305 365 363 Asset/mortgage-backed debt 104 96 126 122 Total trading debt securities $ 1,146 $ 1,132 $ 1,194 $ 1,186 Equity securities at FVTNI: Equity securities/mutual funds $ 1,640 $ 1,769 $ 1,451 $ 1,738 Total equity securities at FVTNI $ 1,640 $ 1,769 $ 1,451 $ 1,738

Consolidated Sponsored Invest_2

Consolidated Sponsored Investment Products (Tables)	3 Months Ended
	Mar. 31, 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: March 31, 2022 December 31, 2021 (in millions) VIEs VREs Total VIEs VREs Total Cash and cash equivalents $ 332 $ 44 $ 376 $ 251 $ 57 $ 308 Investments: Trading debt securities 780 313 1,093 870 270 1,140 Equity securities at FVTNI 1,169 423 1,592 1,100 385 1,485 Bank loans 292 — 292 284 — 284 Other investments 221 — 221 210 — 210 Carried interest 1,718 — 1,718 1,504 — 1,504 Total investments 4,180 736 4,916 3,968 655 4,623 Other assets 67 18 85 50 32 82 Other liabilities (1) (2,165 ) (44 ) (2,209 ) (1,919 ) (82 ) (2,001 ) Noncontrolling interests - CIPs (1,220 ) (77 ) (1,297 ) (1,046 ) (79 ) (1,125 ) BlackRock's net interests in CIPs $ 1,194 $ 677 $ 1,871 $ 1,304 $ 583 $ 1,887 (1) At both March 31, 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 March 31, (in millions) 2022 2021 Nonoperating net gain (loss) on consolidated VIEs $ (133 ) $ 83 Net income (loss) attributable to NCI on consolidated VIEs $ (75 ) $ 55

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	3 Months Ended
	Mar. 31, 2022
Variable Interest Entity, Not Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Schedule of VIE Assets and Liabilities	At March 31, 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 (“PB”), was as follows: (in millions) Advisory Fee Other Net Assets Maximum At March 31, 2022 Investments Receivables (Liabilities) Risk of Loss (1) Sponsored investment products $ 895 $ 96 $ (12 ) $ 1,008 At December 31, 2021 Sponsored investment products $ 882 $ 62 $ (12 ) $ 961 (1) At both March 31, 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)	3 Months Ended
	Mar. 31, 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 March 31, 2022 (in millions) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Investments Measured at NAV (1) Other (2) March 31, 2022 Assets: Investments Debt securities: Held-to-maturity investments $ — $ — $ — $ — $ 460 $ 460 Trading securities — 1,124 8 — — 1,132 Total debt securities — 1,124 8 — 460 1,592 Equity securities at FVTNI: Equity securities/mutual funds 1,769 — — — — 1,769 Equity method: Equity and fixed income mutual funds 261 — — — — 261 Hedge funds/funds of hedge funds — — — 433 — 433 Private equity funds — — — 847 — 847 Real assets funds — — — 256 — 256 Total equity method 261 — — 1,536 — 1,797 Bank loans — 28 264 — — 292 Federal Reserve Bank Stock — — — — 96 96 Carried interest — — — — 1,778 1,778 Other investments (3) — 12 4 95 180 291 Total investments 2,030 1,164 276 1,631 2,514 7,615 Other assets (4) 181 19 — — — 200 Separate account assets 48,288 26,271 — — 794 75,353 Separate account collateral held under securities lending agreements: Equity securities 2,903 — — — — 2,903 Debt securities — 4,180 — — — 4,180 Total separate account collateral held under securities lending agreements 2,903 4,180 — — — 7,083 Total $ 53,402 $ 31,634 $ 276 $ 1,631 $ 3,308 $ 90,251 Liabilities: Separate account collateral liabilities under securities lending agreements $ 2,903 $ 4,180 $ — $ — $ — $ 7,083 Other liabilities (5) — 35 312 — — 347 Total $ 2,903 $ 4,215 $ 312 $ — $ — $ 7,430 (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 primarily 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. (5) Level 2 amount primarily includes fair value of derivatives (See Note 9, Derivatives and Hedging Commitments and Contingencies Assets and liabilities measured at fair value on a recurring basis December 31, 2021 (in millions) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Investments Measured at NAV (1) Other (2) December 31, 2021 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 funds 245 — — — — 245 Hedge funds/funds of hedge funds — — — 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 under securities lending agreements 3,717 3,364 — — — 7,081 Total $ 60,570 $ 35,372 $ 292 $ 1,545 $ 3,024 $ 100,803 Liabilities: Separate account collateral liabilities under securities lending agreements $ 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. (5) Level 2 amount primarily includes fair value of derivatives (See Note 9, Derivatives and Hedging Commitments and Contingencies
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 March 31, 2022 (in millions) December 31, 2021 Realized and Unrealized Gains (Losses) Purchases Sales and Maturities Issuances and other Settlements (1) Transfers into Level 3 Transfers out of Level 3 March 31, 2022 Total Net Unrealized Gains (Losses) Included in Earnings (2) Assets: Investments: Debt securities: Trading $ 17 $ — $ 6 $ (12 ) $ — $ — $ (3 ) $ 8 $ — Total debt securities 17 — 6 (12 ) — — (3 ) 8 — Private equity 5 — — — — — (1 ) 4 — Bank loans 270 — 8 — — — (14 ) 264 — Total investments 292 — 14 (12 ) — — (18 ) 276 — Total Level 3 assets $ 292 $ — $ 14 $ (12 ) $ — $ — $ (18 ) $ 276 $ — Liabilities: Other liabilities $ 342 $ (1 ) $ — $ — $ (31 ) $ — $ — $ 312 $ (1 ) Total Level 3 liabilities $ 342 $ (1 ) $ — $ — $ (31 ) $ — $ — $ 312 $ (1 ) (1) Amounts primarily include contingent liability payments related to certain acquisitions. (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 March 31, 2021 (in millions) December 31, 2020 Realized and Unrealized Gains (Losses) Purchases Sales and Maturities Issuances and other Settlements (1) Transfers into Level 3 Transfers out of Level 3 March 31, 2021 Total Net Unrealized Gains (Losses) Included in Earnings (2) Assets: Investments: Debt securities: Trading $ 11 $ — $ 5 $ — $ — $ — $ (2 ) $ 14 $ — Total debt securities 11 — 5 — — — (2 ) 14 — Private equity 9 — — — — — — 9 — Bank loans 232 — 9 — — 4 (10 ) 235 — Total investments $ 252 $ — $ 14 $ — $ — $ 4 $ (12 ) $ 258 $ — Liabilities: Other liabilities $ 272 $ (3 ) $ — $ — $ 5 $ — $ — $ 280 $ (3 ) Total Level 3 liabilities $ 272 $ (3 ) $ — $ — $ 5 $ — $ — $ 280 $ (3 ) (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.
Fair Value of Financial Assets and Financial Liabilities	Disclosures of Fair Value for Financial Instruments Not Held at Fair Value . At March 31, 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: March 31, 2022 December 31, 2021 (in millions) Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Fair Value Hierarchy Financial Assets (1) Cash and cash equivalents $ 7,262 $ 7,262 $ 9,323 $ 9,323 Level 1 (2) (3) Other assets $ 29 $ 29 $ 22 $ 22 Level 1 (2) (4) Financial Liabilities: Long-term borrowings $ 7,430 $ 7,253 $ 7,446 $ 7,735 Level 2 (5) (1) See Note 5, Investments (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 March 31, 2022 and December 31, 2021, approximately $1.7 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 March 2022 and December 2021, respectively. See Note 14, 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). March 31, 2022 (in millions) Ref Fair Value Total Unfunded Commitments Redemption Frequency Redemption Notice Period Equity method: (1) Hedge funds/funds of hedge funds (a) $ 433 $ 113 Daily/Monthly (20%) Quarterly (13%) N/R (67%) 1 – 90 days Private equity funds (b) 847 188 N/R N/R Real assets funds (c) 256 260 Quarterly (18%) N/R (82%) 60 days Consolidated sponsored investment products: Real assets funds (d) 89 95 N/R N/R Other funds (c) 6 24 N/R N/R Total $ 1,631 $ 680 December 31, 2021 (in millions) Ref Fair Value Total Unfunded Commitments Redemption Frequency Redemption Notice Period Equity method: (1) Hedge funds/funds of hedge funds (a) $ 369 $ 141 Daily/Monthly (20%) Quarterly (20%) N/R (60%) 1 – 90 days Private equity funds (b) 846 153 N/R N/R Real assets funds (c) 234 245 Quarterly (20%) N/R (80%) 60 days Consolidated sponsored investment products: Real assets funds (d) 90 101 N/R N/R Other funds (c) 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 and funds of hedge 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 March 31, 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 as well as 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 March 31, 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 March 3 1 , 20 2 2 and December 31, 20 2 1 . The total remaining unfunded commitments to real assets funds were $ 355 million and $ 346 million at March 31, 2022 and December 31, 20 2 1 , respectively. The Company ’s portion of the total remaining unfunded commitments was $ 309 million and $ million at March 31, 2022 and December 31, 20 2 1 , 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 March 31, 2022 and December 31, 2021: March 31, December 31, (in millions) 2022 2021 CLO Bank loans: Aggregate principal amounts outstanding $ 291 $ 281 Fair value 292 284 Aggregate unpaid principal balance in excess of (less than) fair value $ (1 ) $ (3 ) CLO Borrowings: Aggregate principal amounts outstanding $ 275 $ 275 Fair value $ 277 $ 278

Derivative and Hedging (Tables)

Derivative and Hedging (Tables)	3 Months Ended
	Mar. 31, 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 March 31, 2022 and December 31, 2021: (in millions) Assets Liabilities Derivative instruments Statement of Financial Condition Classification March 31, 2022 December 31, 2021 Statement of Financial Condition Classification March 31, 2022 December 31, 2021 Total return swaps Other assets $ 16 $ 5 Other liabilities $ 22 $ 14 Forward foreign currency exchange contracts Other assets 3 34 Other liabilities 1 — Total $ 19 $ 39 $ 23 $ 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 Three Months Ended March 31, (in millions) 2022 2021 Derivative Instruments Statement of Income Classification Gains (Losses) Total return swaps Nonoperating income (expense) $ 41 $ (34 ) Forward foreign currency exchange contracts General and administration expense (42 ) 7 Total gain (loss) from derivative instruments $ (1 ) $ (27 )

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill Activity	Goodwill activity during the three months ended March 31, 2022 was as follows: (in millions) December 31, 2021 $ 15,351 Other (1) (2 ) March 31, 2022 $ 15,349 ( 1 )

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Carrying Amounts of Identifiable 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 — (38 ) (38 ) March 31, 2022 $ 17,578 $ 837 $ 18,415

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 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 March 31, (in millions) 2022 2021 Lease cost: Operating lease cost (1) $ 51 $ 39 Variable lease cost (2) 11 10 Total lease cost $ 62 $ 49 (1) Amounts include short-term leases, which are immaterial for the three months ended March 31, 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: Three Months Ended March 31, (in millions) 2022 2021 Supplemental cash flow information: Operating cash flows from operating leases included in the measurement of operating lease liabilities $ 41 $ 40 Supplemental noncash information: ROU assets in exchange for operating lease liabilities $ 12 $ 13 March 31, 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)	3 Months Ended
	Mar. 31, 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 March 31, 2022 included the following: (in millions) Maturity Amount Unamortized Discount and Debt Issuance Costs (1) Carrying Value Fair Value 3.375% Notes due 2022 $ 750 $ — $ 750 $ 753 3.50% Notes due 2024 1,000 (2 ) 998 1,025 1.25% Notes due 2025 778 (2 ) 776 784 3.20% Notes due 2027 700 (3 ) 697 706 3.25% Notes due 2029 1,000 (10 ) 990 1,011 2.40% Notes due 2030 1,000 (6 ) 994 945 1.90% Notes due 2031 1,250 (10 ) 1,240 1,125 2.10% Notes due 2032 1,000 (15 ) 985 904 Total long-term notes $ 7,478 $ (48 ) $ 7,430 $ 7,253 (1) The unamortized discount and debt issuance costs are being amortized over the term of the notes.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 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 months ended March 31, 2022 and 2021 and includes the product mix of investment advisory, administration fees and securities lending revenue, and performance fees. Three Months Ended March 31, (in millions) 2022 2021 Investment advisory, administration fees and securities lending revenue: Equity: Active $ 616 $ 576 ETFs 1,158 1,068 Non-ETF Index 187 176 Equity subtotal 1,961 1,820 Fixed income: Active 534 525 ETFs 289 295 Non-ETF Index 118 113 Fixed income subtotal 941 933 Multi-asset 359 328 Alternatives: Illiquid alternatives 179 168 Liquid alternatives 167 147 Currency and commodities (1) 56 53 Alternatives subtotal 402 368 Long-term 3,663 3,449 Cash management 170 143 Total investment advisory, administration fees and securities lending revenue 3,833 3,592 Investment advisory performance fees: Equity 12 26 Fixed income 9 14 Multi-asset 5 8 Alternatives: Illiquid alternatives 37 7 Liquid alternatives 35 74 Alternatives subtotal 72 81 Total performance fees 98 129 Technology services revenue 341 306 Distribution fees: Retrocessions 279 238 12b-1 fees (US mutual fund distribution fees) 88 85 Other 14 17 Total distribution fees 381 340 Advisory and other revenue: Advisory 16 15 Other 30 16 Total advisory and other revenue 46 31 Total revenue $ 4,699 $ 4,398 _____________________________________________________________ (1) The tables below present the investment advisory, administration fees and securities lending revenue by client type and investment style: Three Months Ended March 31, (in millions) 2022 2021 By client type: Retail $ 1,224 $ 1,125 ETFs 1,501 1,417 Institutional: Active 675 650 Index 263 257 Total institutional 938 907 Long-term 3,663 3,449 Cash management 170 143 Total $ 3,833 $ 3,592 By investment style: Active $ 1,851 $ 1,739 Index and ETFs 1,812 1,710 Long-term 3,663 3,449 Cash management 170 143 Total $ 3,833 $ 3,592
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 March 31, 2022 and 2021: March 31, 2022 Remainder of (in millions) 2022 2023 2024 2025 Thereafter Total Investment advisory and administration fees: Alternatives (1)(2) $ 130 $ 159 $ 96 $ 58 $ 38 $ 481 March 31, 2021 Remainder of (in millions) 2021 2022 2023 2024 Thereafter Total Investment advisory and administration fees: Alternatives (1)(2) $ 118 $ 154 $ 122 $ 75 $ 47 $ 516 (1) Investment advisory and administration fees include management fees related to certain alternative products, which are based on contractual committed capital outstanding at March 31, 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 months ended March 31, 2022 and 2021: Three Months Ended March 31, (in millions) 2022 2021 Beginning balance $ 1,508 $ 584 Net increase (decrease) in unrealized allocations 223 166 Performance fee revenue recognized (32 ) (2 ) Ending balance $ 1,699 $ 748
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 March 31, 2022 and 2021: March 31, 2022 Remainder of (in millions) 2022 2023 2024 2025 Thereafter Total Technology services revenue (1)(2) $ 92 $ 60 $ 37 $ 22 $ 18 $ 229 March 31, 2021 Remainder of (in millions) 2021 2022 2023 2024 Thereafter Total Technology services revenue (1)(2) $ 90 $ 64 $ 37 $ 17 $ 11 $ 219 (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 months ended March 31, 2022 and 2021, which is included in other liabilities on the condensed consolidated statements of financial condition: Three Months Ended March 31, (in millions) 2022 2021 Beginning balance $ 122 $ 123 Additions (1) 22 18 Revenue recognized that was included in the beginning balance (31 ) (30 ) Ending balance $ 113 $ 111 (1) Amounts are net of revenue recognized.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2022
Restricted Stock and RSU Activity	Restricted stock and restricted stock units (“RSUs”) activity for the three months ended March 31, 2022 is summarized below. Outstanding at Restricted Stock and RSUs Weighted- Average Grant Date Fair Value December 31, 2021 2,183,017 $ 586.45 Granted 714,261 $ 833.19 Converted (810,541 ) $ 497.24 Forfeited (10,683 ) $ 655.32 March 31, 2022 2,076,054 $ 705.81
Performance-Based RSUs [Member]
Restricted Stock and RSU Activity	Performance-based RSU activity for the three months ended March 31, 2022 is summarized below. Outstanding at Performance- Based RSUs Weighted- Average Grant Date Fair Value December 31, 2021 668,805 $ 533.48 Granted 143,846 $ 820.28 Additional shares granted due to attainment of performance measures 111,991 $ 410.32 Converted (385,134 ) $ 410.32 March 31, 2022 539,508 $ 672.31

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Changes in AOCI	The following table presents changes in AOCI for the three months ended March 31, 2022 and 2021: Three Months Ended March 31, (in millions) 2022 2021 Beginning balance $ (550 ) $ (337 ) Foreign currency translation adjustments (1) (125 ) (74 ) Ending balance $ (675 ) $ (411 ) (1) Amounts for the three months ended March 31, 2022 and 2021 include gains from a net investment hedge of $13 million (net of tax expense of $4 million) and $26 million (net of tax expense of $8 million), respectively.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 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 months ended March 31, 2022 and 2021 under the treasury stock method: Three Months Ended March 31, (in millions, except shares and per share data) 2022 2021 Net income attributable to BlackRock, Inc. $ 1,436 $ 1,199 Basic weighted-average shares outstanding 151,732,845 152,567,453 Dilutive effect of: Nonparticipating RSUs 1,229,694 1,284,020 Stock options 567,856 $ 450,339 Total diluted weighted-average shares outstanding 153,530,395 154,301,812 Basic earnings per share $ 9.46 $ 7.86 Diluted earnings per share $ 9.35 $ 7.77

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Total Revenue by Geographic Region	The following table illustrates total revenue for the three months ended March 31, 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 (in millions) March 31, Revenue 2022 2021 Americas $ 3,089 $ 2,810 Europe 1,396 1,387 Asia-Pacific 214 201 Total revenue $ 4,699 $ 4,398
Schedule of Long-Lived Assets by Geographic Region	The following table illustrates long-lived assets that consist of goodwill and property and equipment at March 31, 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. (in millions) March 31, December 31, Long-lived Assets 2022 2021 Americas $ 14,770 $ 14,675 Europe 1,334 1,341 Asia-Pacific 96 97 Total long-lived assets $ 16,200 $ 16,113

Significant Accounting Polici_3

Significant Accounting Policies - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Significant Accounting Policies [Line Items]
Fair value of loaned securities held	$ 13,100,000,000		$ 13,200,000,000
Fair value of collateral loan under these securities lending agreements	14,000,000,000		14,100,000,000
Separate account collateral held under securities lending agreements	7,083,000,000		$ 7,081,000,000
Fair value of securities received as collateral have been resold or repledged	0	$ 0
Reduction of management fees	$ 72,000,000	$ 70,000,000
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	102.00%
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	112.00%

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Millions	Feb. 01, 2021	Mar. 31, 2021
Business Acquisition [Line Items]
Payments to acquire business		$ 1,062
Aperio [Member]
Business Acquisition [Line Items]
Business acquisition, percentage of equity interest acquired	100.00%
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	Feb. 01, 2021	Mar. 31, 2021	Mar. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill			$ 15,349	$ 15,351
Total consideration, net of cash acquired		$ 1,062
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		Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	[1]	$ 7,262	$ 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		$ 7,279	$ 9,340	$ 6,360	$ 8,681
[1]	At March 31, 2022, cash and cash equivalents, investments, other assets and other liabilities include $332 million, $4,180 million, $67 million, and $2,165 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		Mar. 31, 2022	Dec. 31, 2021
Schedule of Investments [Line Items]
Held-to-maturity investments		$ 460	$ 430
Trading securities (including $1,093 and $1,140 trading debt securities of CIPs at March 31, 2022 and December 31, 2021, respectively)		1,132	1,186
Total debt securities		1,592	1,616
Equity securities at FVTNI (including $1,592 and $1,485 equity securities at FVTNI of CIPs at March 31, 2022 and December 31, 2021, respectively)		1,769	1,738
Total investments	[1]	7,615	7,262
Other Investments [Member]
Schedule of Investments [Line Items]
Total investments		291	279
Bank loans Held by CIPs
Schedule of Investments [Line Items]
Total investments		292	284
Equity Method Investments [Member]
Schedule of Investments [Line Items]
Total investments		1,797	1,694
Federal Reserve Bank Stock [Member]
Schedule of Investments [Line Items]
Total investments		96	96
Consolidated Entities [Member] | Carried Interest [Member]
Schedule of Investments [Line Items]
Total investments		$ 1,778	$ 1,555
[1]	At March 31, 2022, cash and cash equivalents, investments, other assets and other liabilities include $332 million, $4,180 million, $67 million, and $2,165 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	Mar. 31, 2022	Dec. 31, 2021
Schedule of Investments [Line Items]
Trading debt securities	$ 1,132	$ 1,186
Equity securities	1,769	1,738
Consolidated Sponsored Investment Products [Member]
Schedule of Investments [Line Items]
Trading debt securities	1,093	1,140
Equity securities	$ 1,592	$ 1,485

Investments - Additional Inform

Investments - Additional Information (Detail) $ in Millions	Mar. 31, 2022USD ($)
Investments Debt And Equity Securities [Abstract]
Held-to-maturity investments, after one year through five years	$ 26
Foreign government debt, after five years through ten years	142
Held-to-maturity investments, after ten years	$ 292

Investments - Summary of Cost a

Investments - Summary of Cost and Carrying Value of Equity and Trading Debt Securities (Detail) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Schedule of Investments [Line Items]
Total trading debt securities, Cost	$ 1,146	$ 1,194
Equity securities at FVTNI, Cost	1,640	1,451
Total trading debt, Carrying Value	1,132	1,186
Equity securities at FVTNI, Carrying Value	1,769	1,738
Corporate Debt [Member]
Schedule of Investments [Line Items]
Total trading debt securities, Cost	737	703
Total trading debt, Carrying Value	731	701
Government Debt [Member]
Schedule of Investments [Line Items]
Total trading debt securities, Cost	305	365
Total trading debt, Carrying Value	305	363
Asset/Mortgage-Backed Debt [Member]
Schedule of Investments [Line Items]
Total trading debt securities, Cost	104	126
Total trading debt, Carrying Value	96	122
Equity Securities/Mutual Funds [Member]
Schedule of Investments [Line Items]
Equity securities at FVTNI, Cost	1,640	1,451
Equity securities at FVTNI, Carrying Value	$ 1,769	$ 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		Mar. 31, 2022	Dec. 31, 2021
Consolidated Sponsored Investment Funds [Line Items]
Cash and cash equivalents	[1]	$ 7,262	$ 9,323
Investments:
Trading debt securities		1,132	1,186
Equity securities		1,769	1,738
Total investments	[1]	7,615	7,262
Other assets	[1]	6,015	2,780
Other liabilities	[1]	(7,348)	(4,024)
Consolidated Variable Interest Entities [Member]
Consolidated Sponsored Investment Funds [Line Items]
Cash and cash equivalents		332	251
Investments:
Trading debt securities		780	870
Bank loans		292	284
Other investments		221	210
Carried interest		1,718	1,504
Total investments		4,180	3,968
Other assets		67	50
Other liabilities		(2,165)	(1,919)
Noncontrolling interests - CIPs		(1,220)	(1,046)
BlackRock's net interests in CIPs		1,194	1,304
Consolidated Voting Rights Entities [Member]
Consolidated Sponsored Investment Funds [Line Items]
Cash and cash equivalents		44	57
Investments:
Trading debt securities		313	270
Total investments		736	655
Other assets		18	32
Other liabilities		(44)	(82)
Noncontrolling interests - CIPs		(77)	(79)
BlackRock's net interests in CIPs		677	583
Consolidated Sponsored Investment Products [Member]
Consolidated Sponsored Investment Funds [Line Items]
Cash and cash equivalents		376	308
Investments:
Trading debt securities		1,093	1,140
Equity securities		1,592	1,485
Bank loans		292	284
Other investments		221	210
Carried interest		1,718	1,504
Total investments		4,916	4,623
Other assets		85	82
Other liabilities		(2,209)	(2,001)
Noncontrolling interests - CIPs		(1,297)	(1,125)
BlackRock's net interests in CIPs		1,871	1,887
Equity securities [Member]
Investments:
Equity securities		1,769	1,738
Equity securities [Member] | Consolidated Variable Interest Entities [Member]
Investments:
Equity securities		1,169	1,100
Equity securities [Member] | Consolidated Voting Rights Entities [Member]
Investments:
Equity securities		423	385
Equity securities [Member] | Consolidated Sponsored Investment Products [Member]
Investments:
Equity securities		$ 1,592	$ 1,485
[1]	At March 31, 2022, cash and cash equivalents, investments, other assets and other liabilities include $332 million, $4,180 million, $67 million, and $2,165 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
	Mar. 31, 2022	Mar. 31, 2021
Variable Interest Entity [Line Items]
Nonoperating net gain (loss) on consolidated VIEs	$ (102)	$ 82
Net income (loss) attributable to NCI on consolidated VIEs	(73)	74
Consolidated Variable Interest Entities [Member]
Variable Interest Entity [Line Items]
Nonoperating net gain (loss) on consolidated VIEs	(133)	83
Net income (loss) attributable to NCI on consolidated VIEs	$ (75)	$ 55

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 ($)	Mar. 31, 2022	Dec. 31, 2021
Investments [Member]
Variable Interest Entity [Line Items]
Sponsored investment products	$ 895,000,000	$ 882,000,000
Advisory Fee Receivables [Member]
Variable Interest Entity [Line Items]
Sponsored investment products	96,000,000	62,000,000
Other Net Assets (Liabilities) [Member]
Variable Interest Entity [Line Items]
Sponsored investment products	(12,000,000)	(12,000,000)
Maximum Risk of Loss [Member]
Variable Interest Entity [Line Items]
Sponsored investment products	$ 1,008,000,000	$ 961,000,000

Variable Interest Entities Re_2

Variable Interest Entities Reflects adoption of ASU 2015-12 - Additional Information (Detail) - USD ($) $ in Billions	Mar. 31, 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	$ 21	$ 20

Fair Value Disclosures - Assets

Fair Value Disclosures - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading securities	$ 1,132	$ 1,186
Equity securities/mutual funds	1,769	1,738
Separate account assets	75,353	86,226
Separate account collateral liabilities under securities lending agreements	7,083	7,081
Equity securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity securities/mutual funds	1,769	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	29	22
Fair Value, Measurements, Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Held-to-maturity investments	460	430
Total debt securities	1,592	1,616
Total equity method	1,797	1,694
Bank loans	292	284
Federal Reserve Bank Stock	96	96
Carried interest	1,778	1,555
Other investments	291	279
Total investments	7,615	7,262
Other assets	200	234
Separate account assets	75,353	86,226
Total separate account collateral held under securities lending agreements	7,083	7,081
Total	90,251	100,803
Separate account collateral liabilities under securities lending agreements	7,083	7,081
Other liabilities	347	368
Total liabilities measured at fair value	7,430	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	261	245
Total investments	2,030	1,983
Other assets	181	195
Separate account assets	48,288	54,675
Total separate account collateral held under securities lending agreements	2,903	3,717
Total	53,402	60,570
Separate account collateral liabilities under securities lending agreements	2,903	3,717
Total liabilities measured at fair value	2,903	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	1,124	1,169
Bank loans	28	14
Other investments	12
Total investments	1,164	1,183
Other assets	19	39
Separate account assets	26,271	30,786
Total separate account collateral held under securities lending agreements	4,180	3,364
Total	31,634	35,372
Separate account collateral liabilities under securities lending agreements	4,180	3,364
Other liabilities	35	26
Total liabilities measured at fair value	4,215	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	8	17
Bank loans	264	270
Other investments	4	5
Total investments	276	292
Total	276	292
Other liabilities	312	342
Total liabilities measured at fair value	312	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	1,769	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	1,769	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	1,132	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	1,124	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	8	17
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	261	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	261	245
Fair Value, Measurements, Recurring [Member] | Hedge Funds/Funds of Hedge Funds [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total equity method	433	369
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	847	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	256	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	2,903	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	2,903	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	4,180	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	4,180	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	1,536	1,449
Other investments	95	96
Total investments	1,631	1,545
Total	1,631	1,545
Fair Value, Measurements, Recurring [Member] | Investments Measured at NAV [Member] | Hedge Funds/Funds of Hedge Funds [Member] | Investment in NAV [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total equity method	433	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	847	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	256	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	460	430
Total debt securities	460	430
Federal Reserve Bank Stock	96	96
Carried interest	1,778	1,555
Other investments	180	178
Total investments	2,514	2,259
Separate account assets	794	765
Total	$ 3,308	$ 3,024

Fair Value Disclosures - Additi

Fair Value Disclosures - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 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	$ 39	$ 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	$ 276	$ 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
	Mar. 31, 2022	Mar. 31, 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value, beginning balance	$ 292
Purchases, Assets	14
Sales and Maturities, Assets	(12)
Transfers out of Level 3, Assets	(18)
Assets measured at fair value, ending balance	276
Liabilities measured at fair value, beginning balance	342	$ 272
Realized and Unrealized Gains (Losses), Liabilities	(1)	(3)
Issuances and other Settlements, Liabilities	(31)	5
Liabilities measured at fair value, ending balance	312	280
Total Net Unrealized Gains (Losses) Included in Earnings	(1)	(3)
Other Liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities measured at fair value, beginning balance	342	272
Realized and Unrealized Gains (Losses), Liabilities	(1)	(3)
Issuances and other Settlements, Liabilities	(31)	5
Liabilities measured at fair value, ending balance	312	280
Total Net Unrealized Gains (Losses) Included in Earnings	(1)	(3)
Investments [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value, beginning balance	292	252
Purchases, Assets	14	14
Sales and Maturities, Assets	(12)
Transfers into Level 3, Assets		4
Transfers out of Level 3, Assets	(18)	(12)
Assets measured at fair value, ending balance	276	258
Debt securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value, beginning balance	17	11
Purchases, Assets	6	5
Sales and Maturities, Assets	(12)
Transfers out of Level 3, Assets	(3)	(2)
Assets measured at fair value, ending balance	8	14
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	17	11
Purchases, Assets	6	5
Sales and Maturities, Assets	(12)
Transfers out of Level 3, Assets	(3)	(2)
Assets measured at fair value, ending balance	8	14
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	270	232
Purchases, Assets	8	9
Transfers into Level 3, Assets		4
Transfers out of Level 3, Assets	(14)	(10)
Assets measured at fair value, ending balance	264	235
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	5	9
Transfers out of Level 3, Assets	(1)
Assets measured at fair value, ending balance	$ 4	$ 9

Fair Value Disclosures - Fair V

Fair Value Disclosures - Fair Value of Financial Assets and Financial Liabilities (Detail) - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents	[1]	$ 7,262	$ 9,323
Long-term borrowings		7,430	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		7,262	9,323
Other assets		29	22
Carrying Amount [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Long-term borrowings		7,430	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		7,262	9,323
Other assets		29	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		$ 7,253	$ 7,735
[1]	At March 31, 2022, cash and cash equivalents, investments, other assets and other liabilities include $332 million, $4,180 million, $67 million, and $2,165 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		Mar. 31, 2022	Dec. 31, 2021
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents	[1]	$ 7,262	$ 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		$ 1,700	$ 2,400
[1]	At March 31, 2022, cash and cash equivalents, investments, other assets and other liabilities include $332 million, $4,180 million, $67 million, and $2,165 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	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Total Unfunded Commitments	$ 680	$ 665
Fair Value Measured at NAV per share [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	1,631	1,545
Real Assets Funds [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Total Unfunded Commitments	355	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	95	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	89	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	24	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	6	6
Equity Method Investments [Member] | Hedge Funds/Funds of Hedge Funds [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Total Unfunded Commitments	$ 113	$ 141
Redemption Frequency (Daily)	20.00%	20.00%
Redemption Frequency (Monthly)	20.00%	20.00%
Redemption Frequency (Quarterly)	13.00%	20.00%
Redemption Frequency (Not Redeemable)	67.00%	60.00%
Equity Method Investments [Member] | Hedge Funds/Funds of Hedge 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	$ 433	$ 369
Equity Method Investments [Member] | Hedge Funds/Funds of Hedge Funds [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 [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	$ 188	$ 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	847	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	$ 260	$ 245
Redemption Frequency (Quarterly)	18.00%	20.00%
Redemption Frequency (Not Redeemable)	82.00%	80.00%
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	$ 256	$ 234

Fair Value Disclosures - Inve_2

Fair Value Disclosures - Investments in Certain Entities Calculate Net Asset Value per Share (Parenthetical) (Detail) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Total Unfunded Commitments	$ 680	$ 665
Real Assets Funds [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Total Unfunded Commitments	355	346
Total remaining Unfunded Commitments	$ 309	$ 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	Mar. 31, 2022	Dec. 31, 2021
Fair Value Option Quantitative Disclosures [Line Items]
Aggregate principal amounts outstanding	$ 7,478
CLO Bank Loans [Member]
Fair Value Option Quantitative Disclosures [Line Items]
Aggregate principal amounts outstanding	291	$ 281
Fair value	292	284
Aggregate unpaid principal balance in excess of (less than) fair value	(1)	(3)
CLO Borrowings [Member]
Fair Value Option Quantitative Disclosures [Line Items]
Aggregate principal amounts outstanding	275	275
Fair value	$ 277	$ 278

Derivatives and Hedging - Addit

Derivatives and Hedging - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 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	$ 1,900	$ 1,800
Derivative Expiration Dates	2022-04	2022-01
Total Return Swaps [Member]
Derivative [Line Items]
Notional value	$ 688	$ 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	Mar. 31, 2022	Dec. 31, 2021
Other Assets [Member]
Derivatives Fair Value [Line Items]
Other assets, fair value	$ 19	$ 39
Other Liabilities [Member]
Derivatives Fair Value [Line Items]
Other liabilities, fair value	23	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	1
Total Return Swaps [Member] | Other Assets [Member]
Derivatives Fair Value [Line Items]
Other assets, fair value	16	5
Total Return Swaps [Member] | Other Liabilities [Member]
Derivatives Fair Value [Line Items]
Other liabilities, fair value	$ 22	$ 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	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Derivative Instruments Gain Loss [Line Items]
Total gain (loss) from derivative instruments	$ (1)	$ (27)
Forward Foreign Currency Exchange Contracts [Member] | General and Administration Expense [Member]
Derivative Instruments Gain Loss [Line Items]
Total gain (loss) from derivative instruments	(42)	7
Total Return Swaps [Member] | Nonoperating Income (Expense) [Member]
Derivative Instruments Gain Loss [Line Items]
Total gain (loss) from derivative instruments	$ 41	$ (34)

Goodwill - Goodwill Activity (D

Goodwill - Goodwill Activity (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Goodwill Roll Forward
Beginning balance	$ 15,351
Other	(2)
Ending balance	$ 15,349

Goodwill - Goodwill Activity (P

Goodwill - Goodwill Activity (Parenthetical) (Detail) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Goodwill Roll Forward
Excess of tax goodwill over book goodwill	$ 35	$ 43

Intangible Assets - Carrying Am

Intangible Assets - Carrying Amounts of Identifiable Intangible Assets (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Indefinite-lived intangible assets	$ 17,578
Indefinite-lived intangible assets	17,578
Finite-lived intangible assets, Beginning balance	875
Finite-lived intangible assets, amortization expense	(38)	$ (34)
Finite-lived intangible assets, Ending balance	837
Intangible assets, Beginning balance	18,453
Intangible assets, Ending balance	$ 18,415

Leases - Components of Lease Co

Leases - Components of Lease Cost (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Lease cost:
Operating lease cost	[1]	$ 51	$ 39
Variable lease cost	[2]	11	10
Total lease cost		$ 62	$ 49
[1]	Amounts include short-term leases, which are immaterial for the three months ended March 31, 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.

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Information Related to Operating Leases (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Supplemental cash flow information:
Operating cash flows from operating leases included in the measurement of operating lease liabilities	$ 41	$ 40
Supplemental noncash information:
ROU assets in exchange for operating lease liabilities	$ 12	$ 13
Weighted-average remaining lease term	16 years		16 years
Weighted-average discount rate	3.00%		3.00%

Other Assets - Additional Infor

Other Assets - Additional Information (Detail) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Other Assets [Member]
Other Assets [Line Items]
Carrying value - equity method investment	$ 572	$ 583

Borrowings - Additional Informa

Borrowings - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long-term notes	$ 7,430,000,000	$ 7,446,000,000
Long-term notes, fair value	7,253,000,000	7,700,000,000
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 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

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	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Maturity Amount	$ 7,478
Unamortized Discount and Debt Issuance Costs	(48)
Carrying Value	7,430	$ 7,446
Fair Value	7,253	$ 7,700
3.375% Notes due 2022 [Member]
Debt Instrument [Line Items]
Maturity Amount	750
Carrying Value	750
Fair Value	753
3.50% Notes due 2024 [Member]
Debt Instrument [Line Items]
Maturity Amount	1,000
Unamortized Discount and Debt Issuance Costs	(2)
Carrying Value	998
Fair Value	1,025
1.25% Notes due 2025 [Member]
Debt Instrument [Line Items]
Maturity Amount	778
Unamortized Discount and Debt Issuance Costs	(2)
Carrying Value	776
Fair Value	784
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	706
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	1,011
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	945
1.90% Notes due 2031 [Member]
Debt Instrument [Line Items]
Maturity Amount	1,250
Unamortized Discount and Debt Issuance Costs	(10)
Carrying Value	1,240
Fair Value	1,125
2.10% Notes due 2032 [Member]
Debt Instrument [Line Items]
Maturity Amount	1,000
Unamortized Discount and Debt Issuance Costs	(15)
Carrying Value	985
Fair Value	$ 904

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions	Mar. 31, 2022USD ($)
Commitments And Contingencies Disclosure [Abstract]
Investment commitments	$ 844
Amount of securities on loan subject to indemnification	287,000
Collateral for indemnified securities	$ 307,000

Revenue - Summary of Investment

Revenue - Summary of Investment Advisory, Administration Fees and Securities Lending Revenue by Type (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation Of Revenue [Line Items]
Total revenue	$ 4,699	$ 4,398
Investment Advisory, Administration Fees and Securities Lending Revenue [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	3,833	3,592
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Equity Active Product [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	616	576
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Equity ETFs [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	1,158	1,068
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Equity Non-ETF Index [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	187	176
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Equity [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	1,961	1,820
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Fixed Income Active [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	534	525
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Fixed Income ETFs [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	289	295
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Fixed Income Non-ETF Index [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	118	113
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Fixed Income [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	941	933
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Multi-asset [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	359	328
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Alternatives [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	402	368
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Alternatives [Member] | Illiquid Alternatives [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	179	168
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Alternatives [Member] | Liquid Alternatives [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	167	147
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Alternatives [Member] | Currency and Commodities [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	56	53
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Cash Management [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	170	143
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Long-term [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	3,663	3,449
Investment Advisory Performance Fees [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	98	129
Investment Advisory Performance Fees [Member] | Equity [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	12	26
Investment Advisory Performance Fees [Member] | Fixed Income [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	9	14
Investment Advisory Performance Fees [Member] | Multi-asset [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	5	8
Investment Advisory Performance Fees [Member] | Alternatives [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	72	81
Investment Advisory Performance Fees [Member] | Alternatives [Member] | Illiquid Alternatives [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	37	7
Investment Advisory Performance Fees [Member] | Alternatives [Member] | Liquid Alternatives [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	35	74
Technology Services Revenue [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	341	306
Distribution Fees [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	381	340
Distribution Fees [Member] | Retrocessions [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	279	238
Distribution Fees [Member] | 12b-1 Fees (US Mutual Fund Distribution Fees) [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	88	85
Distribution Fees [Member] | Other Distribution Fees [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	14	17
Advisory and Other Revenue [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	46	31
Advisory and Other Revenue [Member] | Advisory [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	16	15
Advisory and Other Revenue [Member] | Other [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	$ 30	$ 16

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
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation Of Revenue [Line Items]
Total revenue	$ 4,699	$ 4,398
Revenue by Client Type [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	3,833	3,592
Revenue by Client Type [Member] | Retail [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	1,224	1,125
Revenue by Client Type [Member] | Equity ETFs [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	1,501	1,417
Revenue by Client Type [Member] | Institutional Active [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	675	650
Revenue by Client Type [Member] | Institutional Index [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	263	257
Revenue by Client Type [Member] | Institutional [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	938	907
Revenue by Client Type [Member] | Cash Management [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	170	143
Revenue by Client Type [Member] | Long-term [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	3,663	3,449
Revenue by Investment Style [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	3,833	3,592
Revenue by Investment Style [Member] | Active [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	1,851	1,739
Revenue by Investment Style [Member] | Cash Management [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	170	143
Revenue by Investment Style [Member] | Equity Index and ETFs [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	1,812	1,710
Revenue by Investment Style [Member] | Long-term [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	$ 3,663	$ 3,449

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	Mar. 31, 2022	Mar. 31, 2021
Schedule of Investment Advisory Administration Fees and Performance Fees by Type [line Items]
Revenue, Remaining Performance Obligation	$ 481	$ 516
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2021-04-01
Schedule of Investment Advisory Administration Fees and Performance Fees by Type [line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period		9 months
Revenue, Remaining Performance Obligation		$ 118
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		$ 154
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-04-01
Schedule of Investment Advisory Administration Fees and Performance Fees by Type [line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	9 months
Revenue, Remaining Performance Obligation	$ 130
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	$ 159	$ 122
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	$ 96	$ 75
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	$ 58	$ 47
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	$ 38

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	Mar. 31, 2022	Mar. 31, 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	$ 481	$ 516

Revenue - Schedule of Changes i

Revenue - Schedule of Changes in Deferred Carried Interest Liability (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue From Contract With Customer [Abstract]
Beginning balance	$ 1,508	$ 584
Net increase (decrease) in unrealized allocations	223	166
Performance fee revenue recognized	(32)	(2)
Ending balance	$ 1,699	$ 748

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	Mar. 31, 2022	Mar. 31, 2021
Schedule of Investment Advisory Administration Fees and Securities Lending Revenue and Performance Fees by Type [line Items]
Revenue, Remaining Performance Obligation	$ 229	$ 219
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2021-04-01
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		9 months
Revenue, Remaining Performance Obligation		$ 90
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		$ 64
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-04-01
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	9 months
Revenue, Remaining Performance Obligation	$ 92
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	$ 60	$ 37
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	$ 37	$ 17
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	$ 22	$ 11
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	$ 18

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	Mar. 31, 2022	Mar. 31, 2021
Technology Services Revenue [Member]
Schedule of Technology Services Revenue [line Items]
Revenue, Remaining Performance Obligation	$ 229	$ 219

Revenue - Additional Informatio

Revenue - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Schedule of Technology Services Revenue [line Items]
Estimated annual fixed minimum fees for currently outstanding contracts	$ 620
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
	Mar. 31, 2022	Mar. 31, 2021
Revenue From Contract With Customer [Abstract]
Beginning balance	$ 122	$ 123
Additions	22	18
Revenue recognized that was included in the beginning balance	(31)	(30)
Ending balance	$ 113	$ 111

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock and RSU Activity (Detail) - $ / shares	1 Months Ended	3 Months Ended
	Jan. 31, 2022	Mar. 31, 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		714,261
Restricted Stock and RSUs, Converted		(810,541)
Restricted Stock and RSUs, Forfeited		(10,683)
Restricted Stock and RSUs, end of period		2,076,054
Weighted-Average Grant Date Fair Value, beginning of period	$ 586.45	$ 586.45
Weighted-Average Grant Date Fair Value, Granted		833.19
Weighted-Average Grant Date Fair Value, Converted		497.24
Weighted-Average Grant Date Fair Value, Forfeited		655.32
Weighted-Average Grant Date Fair Value, end of period		$ 705.81
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, end of period		539,508
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, end of period		$ 672.31

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended
	Jan. 31, 2022shares	Mar. 31, 2022USD ($)installment$ / sharesshares	Dec. 31, 2021$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock and RSUs, Granted | shares		714,261
Fair value of RSUs/restricted stock granted to employees | $		$ 595
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	100.00%
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 | $		$ 1,600
Stock price | $ / shares		$ 764.17
Unrecognized stock-based compensation expense | $		$ 906
Remaining weighted-average period		1 year 7 months 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	100.00%
RSUs to employees that cliff vest, date	Jan. 31, 2025
Intrinsic value of outstanding RSUs | $		$ 412
Stock price | $ / shares		$ 764.17
Unrecognized stock-based compensation expense | $		$ 240
Remaining weighted-average period		1 year 8 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
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining weighted-average period		1 year 8 months 12 days
Outstanding, shares under option | shares		1,817,923	1,817,923
Weighted average exercise price | $ / shares		$ 513.50	$ 513.50
Award vesting percentage of BlackRock's grant-date stock price		125.00%
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 | $		$ 39
Weighted average remaining life of awards		4 years 8 months 12 days
Performance Based Stock Options | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested option exercised period		9 years
Performance Based Stock Options | 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 | 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 | Share-based Payment Arrangement, Tranche Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service year of awards		2024

Net Capital Requirements - Addi

Net Capital Requirements - Additional Information (Detail) $ in Billions	Mar. 31, 2022USD ($)
Regulatory Capital Requirements [Abstract]
Net capital requirement in certain regulated subsidiaries	$ 2.3

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Changes in AOCI (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance		$ 37,806	$ 35,334
Foreign currency translation adjustments	[1]	(125)	(74)
Balance		37,596	35,429
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance		(550)	(337)
Foreign currency translation adjustments	[2]	(125)	(74)
Balance		$ (675)	$ (411)
[1]	Amounts for the three months ended March 31, 2022 and 2021 include gains from a net investment hedge of $13 million (net of tax expense of $4 million) and $26 million (net of tax expense of $8 million), respectively.
[2]	Amounts for the three months ended March 31, 2022 and 2021 include gains from a net investment hedge of $13 million (net of tax expense of $4 million) and $26 million (net of tax expense of $8 million), respectively.

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Changes in AOCI (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Amounts Reclassified Out Of Accumulated Other Comprehensive Income Loss [Abstract]
Gain (loss) from net investment hedging, net of tax	$ 13	$ 26
Gain (loss) from net investment hedging, tax (expense) benefit	$ (4)	$ (8)

Capital Stock - Additional Info

Capital Stock - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule of Capitalization, Equity [Line Items]
Common shares repurchased, value	$ 500	$ 300
Share Repurchase Program [Member]
Schedule of Capitalization, Equity [Line Items]
Common shares repurchased	600,000
Common shares repurchased, value	$ 500
Shares authorized to be repurchased	3,000,000

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income tax expense benefit net noncash related to revaluation of deferred tax assets and liabilities	$ 18
Discrete income tax expense (benefit)	$ 133	$ 39

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
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share Basic And Diluted [Line Items]
Net income attributable to BlackRock, Inc.	$ 1,436	$ 1,199
Basic weighted-average shares outstanding	151,732,845	152,567,453
Total diluted weighted-average shares outstanding	153,530,395	154,301,812
Basic earnings per share	$ 9.46	$ 7.86
Diluted earnings per share	$ 9.35	$ 7.77
Restricted Stock Units (RSUs) [Member]
Earnings Per Share Basic And Diluted [Line Items]
Dilutive effect of	1,229,694	1,284,020
Stock Options [Member]
Earnings Per Share Basic And Diluted [Line Items]
Dilutive effect of	567,856	450,339

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2022shares
Restricted Stock Units (RSUs) [Member]
Earnings Per Share Basic And Diluted [Line Items]
Antidilutive securities excluded from computation of earnings per share	443,223

Segment Information - Additiona

Segment Information - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2022Segment
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
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Revenue	$ 4,699	$ 4,398
Americas [Member]
Segment Reporting Information [Line Items]
Revenue	3,089	2,810
Europe [Member]
Segment Reporting Information [Line Items]
Revenue	1,396	1,387
Asia-Pacific [Member]
Segment Reporting Information [Line Items]
Revenue	$ 214	$ 201

Segment Information - Schedule

Segment Information - Schedule of Long-Lived Assets by Geographic Region (Detail) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Long-lived assets	$ 16,200	$ 16,113
Americas [Member]
Segment Reporting Information [Line Items]
Long-lived assets	14,770	14,675
Europe [Member]
Segment Reporting Information [Line Items]
Long-lived assets	1,334	1,341
Asia-Pacific [Member]
Segment Reporting Information [Line Items]
Long-lived assets	$ 96	$ 97