v3.26.3
Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2026
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)

20. Accumulated Other Comprehensive Income (Loss)

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

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

September 30,

 

 (in millions)

2026

 

 

2025

 

 

2026

 

 

2025

 

 Beginning balance

$

(653

)

 

$

(515

)

 

$

(545

)

 

$

(1,178

)

Foreign currency translation adjustments(1)

 

(27

)

 

 

(43

)

 

 

(138

)

 

 

620

 

Change in BlackRock, Inc.'s ownership interest

 

—

 

 

 

—

 

 

 

3

 

 

 

—

 

 Ending balance

$

(680

)

 

$

(558

)

 

$

(680

)

 

$

(558

)

 

(1)
Amounts related to the gains (losses) from a net investment hedge for the three months ended September 30, 2026 and 2025 were not material. Amounts for the nine months ended September 30, 2026 and 2025 include a gain from a net investment hedge of $29 million (net of tax expense of $9 million) and a loss from a net investment hedge of $103 million (net of tax benefit of $24 million), respectively.