v3.24.0.1
Segment Information
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segment Information

26. Segment Information

The Company’s management directs BlackRock’s operations as one business, the asset management business. The Company utilizes a consolidated approach to assess performance and allocate resources. As such, the Company operates in one business segment.

The following table illustrates total revenue for 2023, 2022 and 2021 by geographic region. These amounts are aggregated on a legal entity basis and do not necessarily reflect where the customer resides or affiliated services are provided.

(in millions)

2023

 

 

2022

 

 

2021

 

Revenue

 

 

 

 

 

 

 

 

Americas

$

11,899

 

 

$

11,931

 

 

$

12,399

 

Europe

 

5,209

 

 

 

5,164

 

 

 

6,105

 

Asia-Pacific

 

751

 

 

 

778

 

 

 

870

 

Total revenue

$

17,859

 

 

$

17,873

 

 

$

19,374

 

See Note 16, Revenue, for further information on the Company’s sources of revenue.

The following table illustrates long-lived assets that consist of goodwill and property and equipment at December 31, 2023 and 2022 by geographic region. These amounts are aggregated on a legal entity basis and do not necessarily reflect where the asset is physically located.

(in millions)

2023

 

 

2022

 

Long-lived Assets

 

 

 

 

 

Americas

$

15,017

 

 

$

14,945

 

Europe

 

1,521

 

 

 

1,329

 

Asia-Pacific

 

98

 

 

 

98

 

Total long-lived assets

$

16,636

 

 

$

16,372

 

Americas is primarily comprised of the US, Latin America and Canada. Europe is primarily comprised of the UK, the Netherlands, Switzerland, France, Ireland and Luxembourg. Asia-Pacific is primarily comprised of Hong Kong, Australia, Japan and Singapore.