v3.3.1.900
Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2015
Related Party Transactions [Abstract]  
Revenues for Services Provided to Related Parties

Revenues for services provided by the Company to these and other related parties are as follows:

 

 

 

Year ended December 31,

 

(in millions)

 

2015

 

 

2014

 

 

2013

 

Investment advisory, administration fees and securities lending revenue:

 

 

 

 

 

 

 

 

 

 

 

 

PNC and affiliates

 

$

4

 

 

$

5

 

 

$

5

 

Registered investment companies/equity method investees

 

 

6,871

 

 

 

6,733

 

 

 

5,986

 

Total investment advisory, administration fees, and securities lending revenue

 

 

6,875

 

 

 

6,738

 

 

 

5,991

 

Investment advisory performance fees

 

 

129

 

 

 

173

 

 

 

185

 

BlackRock Solutions and advisory:

 

 

 

 

 

 

 

 

 

 

 

 

PNC and affiliates

 

 

7

 

 

 

7

 

 

 

7

 

Equity method investees

 

 

 

 

 

6

 

 

 

11

 

Other

 

 

 

 

 

 

 

 

5

 

Total BlackRock Solutions and advisory

 

 

7

 

 

 

13

 

 

 

23

 

Other revenue:

 

 

 

 

 

 

 

 

 

 

 

 

PNC and affiliates

 

 

3

 

 

 

3

 

 

 

3

 

Equity method investees

 

 

70

 

 

 

67

 

 

 

58

 

Total other revenue

 

 

73

 

 

 

70

 

 

 

61

 

Total revenue from related parties

 

$

7,084

 

 

$

6,994

 

 

$

6,260

 

 

Aggregate Expenses Included in Consolidated Statements of Income for Transactions with Related Parties

Aggregate expenses included in the consolidated statements of income for transactions with related parties are as follows:

 

 

 

Year ended December 31,

 

(in millions)

 

2015

 

 

2014

 

 

2013

 

Expenses with related parties:

 

 

 

 

 

 

 

 

 

 

 

 

Distribution and servicing costs

 

 

 

 

 

 

 

 

 

 

 

 

PNC and affiliates

 

$

2

 

 

$

2

 

 

$

2

 

Total distribution and servicing costs

 

 

2

 

 

 

2

 

 

 

2

 

General and administration expenses

 

 

 

 

 

 

 

 

 

 

 

 

Other registered investment companies

 

 

60

 

 

 

55

 

 

 

50

 

Other

 

 

18

 

 

 

5

 

 

 

 

Total general and administration expenses

 

 

78

 

 

 

60

 

 

 

50

 

Total expenses with related parties

 

$

80

 

 

$

62

 

 

$

52