v3.26.1
NON-CONTROLLING INTEREST
3 Months Ended
Mar. 31, 2026
Noncontrolling Interest [Abstract]  
NON-CONTROLLING INTEREST
13.    NON-CONTROLLING INTEREST
Non-Controlling Interests in Consolidated Entities
Net income (loss) generated by the respective subsidiaries is allocated to non-controlling interest in consolidated entities based on the substantive contractual terms of the subsidiaries’ governing agreements that specify the allocation of income or loss. The majority of income attributable to non-controlling interest is comprised of BN's one third share of carried interest revenue generated on new funds.
The movement in the carrying value of non-controlling interest is as follows:
AS OF AND FOR THE THREE MONTHS ENDED MARCH 31,
(MILLIONS)
20262025
Balance, beginning$773 $336 
Net income69 48 
Contributions41 53 
2025 Arrangement 31 
Distributions(5)(1)
Balance, ending$878 $467 
Non-Controlling Interests in Consolidated Funds
The following table sets forth a summary of changes in the non-controlling interests in consolidated funds.
AS OF AND FOR THE THREE MONTHS ENDED MARCH 31,
(MILLIONS)
20262025
Balance, beginning$21 $— 
Net (loss) income(5)
Contributions100 
Balance, ending$116 $