v3.8.0.1
Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2018
Accounting Standards Update 2014-09 [Member]  
Impact of ASU 2014-09 Adoption to Condensed Consolidated Statement of Income

The following table presents the impact of the adoption to the condensed consolidated statement of income for the three months ended March 31, 2017.

 

 

 

Three Months Ended

 

 

 

March 31, 2017

 

(in millions, except shares and per share data)

 

Previously Reported

 

 

Adoption of the New Revenue Standard Adjustment

 

 

Recast

 

Total revenue

 

$

2,824

 

 

$

268

 

 

$

3,092

 

Total expense

 

 

1,677

 

 

 

272

 

 

 

1,949

 

Operating income

 

$

1,147

 

 

$

(4

)

 

$

1,143

 

Income tax expense

 

$

269

 

 

$

(1

)

 

$

268

 

Net income

 

$

871

 

 

$

(3

)

 

$

868

 

Net income attributable to BlackRock, Inc.

 

$

862

 

 

$

(3

)

 

$

859

 

Earnings per share attributable to BlackRock, Inc.

   common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

5.29

 

 

$

(0.02

)

 

$

5.27

 

Diluted

 

$

5.23

 

 

$

(0.02

)

 

$

5.21