v3.25.2
Consolidated Sponsored Investment Products - Consolidated VIEs And VREs Recorded in Consolidated Statements of Financial Condition (Detail) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Consolidated Sponsored Investment Funds [Line Items]    
Cash and cash equivalents [1] $ 9,478 $ 12,762
Investments:    
Trading securities 2,172 1,823
Equity securities [2] 2,278 1,950
Total investments [1] 10,874 9,769
Other assets [1] 6,648 3,596
Other liabilities [1] (6,283) (4,032)
Noncontrolling interests - CIPs (165) (169)
Consolidated Variable Interest Entities [Member]    
Consolidated Sponsored Investment Funds [Line Items]    
Cash and cash equivalents 196 125
Investments:    
Trading securities 1,687 1,497
Equity securities 1,366 1,179
Loans 104 141
Other investments 843 370
Carried interest 2,045 1,905
Total investments 6,045 5,092
Other assets 128 45
Other liabilities (2,340) (2,130)
Noncontrolling interests - CIPs (2,213) (1,672)
BlackRock's net interests in CIPs 1,816 1,460
Consolidated Voting Rights Entities [Member]    
Consolidated Sponsored Investment Funds [Line Items]    
Cash and cash equivalents 39 44
Investments:    
Trading securities 408 246
Equity securities 391 377
Loans 3 4
Other investments 39 33
Carried interest 0 0
Total investments 841 660
Other assets 118 31
Other liabilities (118) (93)
Noncontrolling interests - CIPs (193) (130)
BlackRock's net interests in CIPs 687 512
Consolidated Sponsored Investment Products [Member]    
Consolidated Sponsored Investment Funds [Line Items]    
Cash and cash equivalents 235 169
Investments:    
Trading securities 2,095 1,743
Equity securities 1,757 1,556
Loans 107 145
Other investments 882 403
Carried interest 2,045 1,905
Total investments 6,886 5,752
Other assets 246 76
Other liabilities (2,458) (2,223)
Noncontrolling interests - CIPs (2,406) (1,802)
BlackRock's net interests in CIPs $ 2,503 $ 1,972
[1] 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.
[2] 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.