Consolidated Sponsored Investment Products (Tables)

12 Months Ended

Dec. 31, 2023

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 consolidated statements of financial condition, including BlackRock’s net interest in these products:

	December 31, 2023									December 31, 2022
(in millions)	VIEs			VREs			Total			VIEs			VREs			Total
Cash and cash equivalents(1)	$	234		$	54		$	288		$	234		$	31		$	265
Investments:
Trading debt securities		1,423			406			1,829			949			330			1,279
Equity securities at FVTNI		1,059			370			1,429			821			268			1,089
Loans		195			10			205			234			120			354
Other investments		427			171			598			373			77			450
Carried interest		1,916			—			1,916			1,497			—			1,497
Total investments		5,020			957			5,977			3,874			795			4,669
Other assets		83			39			122			68			29			97
Other liabilities(2)		(2,233	)		(108	)		(2,341	)		(1,876	)		(48	)		(1,924	)
Noncontrolling interest - CIPs		(1,625	)		(226	)		(1,851	)		(857	)		(125	)		(982	)
BlackRock's net interest in CIPs	$	1,479		$	716		$	2,195		$	1,443		$	682		$	2,125

(1)The Company generally cannot readily access cash and cash equivalents held by CIPs to use in its operating activities.

(2)At December 31, 2023 and 2022, 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:

(in millions)	2023		2022			2021
Nonoperating net gain (loss) on consolidated VIEs	$	310	$	(311	)	$	296
Net income (loss) attributable to NCI on consolidated VIEs	$	174	$	(161	)	$	289