| Offsetting of Assets and Liabilities |
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Offsetting of Assets and Liabilities | The following tables present the offsetting of assets and liabilities as of June 30, 2026 and December 31, 2025:
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Gross and Net
Amounts of
Assets Presented
in the Statement
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Financial
Instruments (a) |
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$ |
158,251 |
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$ |
106,633 |
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$ |
33,069 |
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18,549 |
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$ |
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$ |
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$ |
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$ |
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Gross and Net
Amounts of
Liabilities
Presented in the
Statement
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Financial
Instruments (a) |
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$ |
116,691 |
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$ |
108,876 |
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$ |
21 |
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$ |
7,794 |
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338,522 |
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338,522 |
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— |
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— |
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$ |
455,213 |
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$ |
447,398 |
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$ |
21 |
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$ |
7,794 |
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Gross and Net
Amounts of
Assets Presented
in the Statement
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Financial
Instruments (a) |
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$ |
147,337 |
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$ |
110,792 |
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$ |
26,421 |
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10,124 |
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$ |
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$ |
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$ |
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$ |
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Gross and Net
Amounts of
Liabilities
Presented in the
Statement
of Financial
Condition |
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$ |
127,392 |
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$ |
110,948 |
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$ |
32 |
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$ |
16,412 |
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289,218 |
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289,218 |
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— |
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— |
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$ |
416,610 |
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$ |
400,166 |
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$ |
32 |
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$ |
16,412 |
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(a) |
Amounts presented are inclusive of both legally enforceable master netting agreements and financial instruments received or pledged as collateral. Financial instruments received or pledged as collateral offset derivative counterparty risk exposure, but do not reduce net exposure to the Condensed Consolidated Statement of Financial Condition. | Freestanding Derivative liabilities and repurchase agreements are included in Accounts Payable, Accrued Expenses and Other Liabilities in the Condensed Consolidated Statements of Financial Condition. Freestanding Derivative assets are included in Other Assets in the Condensed Consolidated Statements of Financial Condition. The following table presents the components of Other Assets:
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$ |
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$ |
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Furniture, Equipment and Leasehold Improvements |
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$ |
1,006,469 |
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$ |
952,583 |
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Less: Accumulated Depreciation |
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(469,392 |
) |
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(431,394 |
) |
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Furniture, Equipment and Leasehold Improvements, Net |
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537,077 |
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521,189 |
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238,968 |
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315,338 |
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148,223 |
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134,557 |
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72,238 |
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186,635 |
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$ |
996,506 |
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$ |
1,157,719 |
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| Notional Pooling Arrangements Blackstone has notional cash pooling arrangements with financial institutions for cash management purposes. These arrangements allow for cash withdrawals based upon aggregate cash balances on deposit at the same financial institution. Cash withdrawals cannot exceed aggregate cash balances on deposit. The net balance of cash on deposit and overdrafts is used as a basis for calculating net interest expense or income. As of June 30, 2026, the aggregate cash balance on deposit relating to the cash pooling arrangements was $1.1 billion, which was offset and reported net of the accompanying overdraft of $1.1 billion. |