v3.24.2.u1
Borrowings (Tables)
6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Carrying Value and Fair Value of Long-Term Borrowings Determined Market Prices EUR/USD Foreign Exchange Rate

The carrying value and fair value of long-term borrowings determined using market prices and EUR/USD foreign exchange rate at June 30, 2024 included the following:

(in millions)

Maturity
Amount

 

 

Unamortized
Discount
and Debt
Issuance Costs
(1)

 

 

Carrying Value

 

 

Fair Value

 

1.25% Notes due 2025

$

750

 

 

$

-

 

 

$

750

 

 

$

735

 

3.20% Notes due 2027

 

700

 

 

 

(2

)

 

 

698

 

 

 

672

 

3.25% Notes due 2029

 

1,000

 

 

 

(7

)

 

 

993

 

 

 

931

 

4.70% Notes due 2029(2)

 

500

 

 

 

(4

)

 

 

496

 

 

 

497

 

2.40% Notes due 2030

 

1,000

 

 

 

(3

)

 

 

997

 

 

 

871

 

1.90% Notes due 2031

 

1,250

 

 

 

(7

)

 

 

1,243

 

 

 

1,033

 

2.10% Notes due 2032

 

1,000

 

 

 

(12

)

 

 

988

 

 

 

814

 

4.75% Notes due 2033

 

1,250

 

 

 

(18

)

 

 

1,232

 

 

 

1,224

 

5.00% Notes due 2034(2)

 

1,000

 

 

 

(8

)

 

 

992

 

 

 

989

 

5.25% Notes due 2054(2)

 

1,500

 

 

 

(32

)

 

 

1,468

 

 

 

1,449

 

Total long-term borrowings

$

9,950

 

 

$

(93

)

 

$

9,857

 

 

$

9,215

 

 

(1)
The unamortized discount and debt issuance costs are amortized over the term of the notes.
(2)
Issued by BlackRock Funding and guaranteed by BlackRock.