v3.25.2
Investments - Summary of Carrying Value of Total Investments (Detail) (Parenthetical) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Schedule of Investments [Line Items]    
Trading securities $ 2,172 $ 1,823
Equity securities [1] 2,278 1,950
Investments [2] 10,874 9,769
Deferred Cash Compensation Plan Mutual Fund Investments [Member]    
Schedule of Investments [Line Items]    
Investments 13 12
Consolidated Sponsored Investment Products [Member]    
Schedule of Investments [Line Items]    
Trading securities 2,095 1,743
Equity securities 1,757 1,556
Investments $ 6,886 $ 5,752
[1] Amounts include investments held to economically hedge the impact of market valuation changes on certain deferred cash compensation plans. Amounts related to deferred cash compensation plans included within equity securities held at fair value recorded through net income ("FVTNI") comprised $13 million and $12 million at June 30, 2025 and December 31, 2024, respectively.
[2] At June 30, 2025, cash and cash equivalents, investments, other assets and other liabilities include $196 million, $6.0 billion, $128 million and $2.3 billion, respectively, related to consolidated variable interest entities (“VIEs”). At December 31, 2024, cash and cash equivalents, investments, other assets and other liabilities include $125 million, $5.1 billion, $45 million and $2.1 billion, respectively, related to consolidated VIEs.