v3.7.0.1
Condensed Consolidated Statements of Income - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue        
Total investment advisory, administration fees and securities lending revenue $ 2,675 $ 2,489 $ 5,205 $ 4,848
Investment advisory performance fees 48 74 118 108
Technology and risk management revenue 164 146 322 287
Distribution fees 5 11 12 22
Advisory and other revenue 73 84 132 163
Total revenue 2,965 2,804 5,789 5,428
Expense        
Employee compensation and benefits 999 977 2,020 1,924
Distribution and servicing costs 121 109 238 206
Amortization of deferred sales commissions 4 9 9 19
Direct fund expense 224 195 432 383
General and administration 350 316 651 634
Restructuring charge       76
Amortization of intangible assets 25 25 50 50
Total expense 1,723 1,631 3,400 3,292
Operating income 1,242 1,173 2,389 2,136
Nonoperating income (expense)        
Net gain (loss) on investments 36 20 87 18
Interest and dividend income 13 6 20 11
Interest expense (48) (51) (113) (102)
Total nonoperating income (expense) 1 (25) (6) (73)
Income before income taxes 1,243 1,148 2,383 2,063
Income tax expense 376 353 645 621
Net income 867 795 1,738 1,442
Net income (loss) attributable to noncontrolling interests 10 6 19 (4)
Net income attributable to BlackRock, Inc. $ 857 $ 789 $ 1,719 $ 1,446
Earnings per share attributable to BlackRock, Inc. common stockholders:        
Basic $ 5.27 $ 4.79 $ 10.56 $ 8.76
Diluted 5.22 4.73 10.45 8.66
Cash dividends declared and paid per share $ 2.50 $ 2.29 $ 5.00 $ 4.58
Weighted-average common shares outstanding:        
Basic 162,502,465 164,758,612 162,758,112 165,073,371
Diluted 164,149,861 166,639,290 164,544,760 167,023,559
Related Parties [Member]        
Revenue        
Total investment advisory, administration fees and securities lending revenue $ 1,888 $ 1,713 $ 3,667 $ 3,330
Other Third Parties [Member]        
Revenue        
Total investment advisory, administration fees and securities lending revenue $ 787 $ 776 $ 1,538 $ 1,518