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Borrowings (Tables)
9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Carrying Value and Fair Value of Long-Term Borrowings Determined Market Prices EUR/USD Foreign Exchange Rate

The carrying value and fair value of long-term borrowings determined using market prices and EUR/USD foreign exchange rate at September 30, 2024 included the following:

(in millions)

Maturity
Amount

 

 

Unamortized
Discount
and Debt
Issuance Costs
(1)

 

 

Carrying Value

 

 

Fair Value

 

1.25% Notes due 2025

$

781

 

 

$

 

 

$

781

 

 

$

772

 

3.20% Notes due 2027

 

700

 

 

 

(2

)

 

 

698

 

 

 

689

 

4.60% Notes due 2027(2)

 

800

 

 

 

(2

)

 

 

798

 

 

 

815

 

3.25% Notes due 2029

 

1,000

 

 

 

(7

)

 

 

993

 

 

 

972

 

4.70% Notes due 2029(2)

 

500

 

 

 

(3

)

 

 

497

 

 

 

514

 

2.40% Notes due 2030

 

1,000

 

 

 

(3

)

 

 

997

 

 

 

915

 

1.90% Notes due 2031

 

1,250

 

 

 

(8

)

 

 

1,242

 

 

 

1,091

 

2.10% Notes due 2032

 

1,000

 

 

 

(11

)

 

 

989

 

 

 

862

 

4.75% Notes due 2033

 

1,250

 

 

 

(18

)

 

 

1,232

 

 

 

1,285

 

5.00% Notes due 2034(2)

 

1,000

 

 

 

(7

)

 

 

993

 

 

 

1,040

 

4.90% Notes due 2035(2)

 

500

 

 

 

(5

)

 

 

495

 

 

 

515

 

5.25% Notes due 2054(2)

 

1,500

 

 

 

(32

)

 

 

1,468

 

 

 

1,549

 

5.35% Notes due 2055(2)

 

1,200

 

 

 

(13

)

 

 

1,187

 

 

 

1,260

 

Total long-term borrowings

$

12,481

 

 

$

(111

)

 

$

12,370

 

 

$

12,279

 

 

(1)
The unamortized discount and debt issuance costs are amortized over the term of the notes.
(2)
Issued by BlackRock Funding and guaranteed by BlackRock.