v3.26.1
Accumulated Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Changes in AOCI

The following table presents changes in AOCI for the three and six months ended June 30, 2026 and 2025:

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

 (in millions)

2026

 

 

2025

 

 

2026

 

 

2025

 

 Beginning balance

$

(678

)

 

$

(951

)

 

$

(545

)

 

$

(1,178

)

Foreign currency translation adjustments(1)

 

28

 

 

 

436

 

 

 

(111

)

 

 

663

 

Change in BlackRock, Inc.'s ownership interest

 

(3

)

 

 

—

 

 

 

3

 

 

 

—

 

 Ending balance

$

(653

)

 

$

(515

)

 

$

(653

)

 

$

(515

)

 

(1)
Amounts for the three months ended June 30, 2026 and 2025 include a gain from a net investment hedge of $7 million (net of tax expense of $2 million) and a loss from a net investment hedge of $62 million (net of tax benefit of $19 million), respectively. Amounts for the six months ended June 30, 2026 and 2025 include a gain from a net investment hedge of $24 million (net of tax expense of $7 million) and a loss from a net investment hedge of $96 million (net of tax benefit of $30 million), respectively.