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Units Outstanding
9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Units Outstanding Units Outstanding
Changes in AB Units outstanding during the nine-month period ended September 30, 2025 were as follows:
 
Outstanding as of December 31, 2024292,107,907 
Units issued (1)
20,979,780 
Units retired (1) (2)
(20,869,292)
Outstanding as of September 30, 2025292,218,395 
(1) Includes 19,682,946 issued and retired AB Units in connection with the Amended Exchange Agreement entered into with EQH on July 10, 2025.
(2) During the nine months ended September 30, 2025, we purchased 35,380 AB Units in private transactions and retired them.