v3.26.1
Segments - Schedule of Financial Data for Reportable Segments (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Segment Reporting [Line Items]          
Total Segment Revenue $ 11,153 $ 6,814 $ 16,212 $ 12,362  
Total Assets 494,048   494,048   $ 460,949
Asset Management          
Segment Reporting [Line Items]          
Interest and other financing costs 53 36 98 70  
Total Segment Revenue 1,627 1,107 2,638 2,153  
Total Assets 21,761   21,761   19,548
Retirement Services          
Segment Reporting [Line Items]          
Other operating expenses (613) (550) (1,239) (1,092)  
Total Segment Revenue 9,526 5,707 13,574 10,209  
Total Assets 472,287   472,287   441,401
Management fees          
Segment Reporting [Line Items]          
Revenues 749 583 1,445 1,091  
Capital solutions fees and other, net          
Segment Reporting [Line Items]          
Revenues 418 277 724 472  
Operating Segments          
Segment Reporting [Line Items]          
Segment Income 1,678 1,495 3,200 2,872  
Total Segment Revenue 5,571 4,857 11,033 9,311  
Total Assets 477,285   477,285   446,675
Operating Segments | Asset Management          
Segment Reporting [Line Items]          
Fee-related performance fee 65 63 129 117  
Fee-related compensation (343) (279) (676) (538)  
Other operating expenses (215) (189) (416) (349)  
Segment Income 785 627 1,513 1,186  
Total Segment Revenue 1,343 1,095 2,605 2,073  
Total Assets 5,223   5,223   5,026
Operating Segments | Retirement Services          
Segment Reporting [Line Items]          
Other operating expenses (111) (107) (229) (221)  
Fixed income and other net investment income 3,686 3,179 7,237 6,093  
Alternative net investment income 348 319 558 634  
Strategic capital management fees 37 32 73 61  
Cost of funds (2,942) (2,470) (5,749) (4,680)  
Interest and other financing costs (141) (132) (294) (262)  
Segment Income 877 821 1,596 1,625  
Total Segment Revenue 4,071 3,530 7,868 6,788  
Total Assets 460,225   460,225   430,122
Operating Segments | Principal Investing          
Segment Reporting [Line Items]          
Other operating expenses (18) (17) (33) (33)  
Realized performance fees 130 219 487 409  
Realized investment income 27 13 73 41  
Principal investing compensation (123) (168) (436) (356)  
Segment Income 16 47 91 61  
Total Segment Revenue 157 232 560 450  
Total Assets 11,837   11,837   11,527
Operating Segments | Management fees | Asset Management          
Segment Reporting [Line Items]          
Revenues 1,001 816 1,953 1,586  
Operating Segments | Capital solutions fees and other, net | Asset Management          
Segment Reporting [Line Items]          
Revenues 277 216 523 370  
Segment Reconciling Items          
Segment Reporting [Line Items]          
Total Assets 16,763   16,763   $ 14,274
Segment Reconciling Items | Management fees | Retirement Services          
Segment Reporting [Line Items]          
Revenues $ 386 $ 358 $ 785 $ 719