Derivative and Hedging (Tables) |
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| Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Fair Values of Derivatives Instruments Recognized in Condensed Consolidated Statements of Financial Condition | The following table presents the fair values of derivative instruments recognized in the condensed consolidated statements of financial condition at June 30, 2026 and December 31, 2025:
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| Summary of Realized and Unrealized Gains (Losses) Recognized in Condensed Consolidated Statements of Income on Derivative Instruments | The following table presents realized and unrealized gains (losses) recognized in the condensed consolidated statements of income on derivative instruments:
(1)
Amounts for the three months ended June 30, 2026 and 2025 include $125 million and $125 million of losses on futures used in a macro hedging strategy of seed investments, respectively, and $32 million and $19 million of gains on futures used to economically hedge certain deferred cash compensation plans, respectively. Amounts for the six months ended June 30, 2026 and 2025 include $100 million and $115 million of losses on futures used in a macro hedging strategy of seed investments, respectively, and $21 million and $13 million of gains on futures used to economically hedge certain deferred cash compensation plans, respectively. |
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