Consolidated Sponsored Investment Products (Tables)

12 Months Ended

Dec. 31, 2019

Statement Of Financial Position [Abstract]

Consolidated VIEs And VREs Recorded in Condensed Consolidated Statements of Financial Condition

The following table presents the balances related to these consolidated sponsored investment products accounted for as VIEs and VREs that were recorded on the consolidated statements of financial condition, including BlackRock’s net interest in these products:

	December 31, 2019									December 31, 2018
(in millions)	VIEs			VREs			Total			VIEs			VREs			Total
Cash and cash equivalents	$	131		$	10		$	141		$	186		$	59		$	245
Investments:
Trading debt securities		1,059			151			1,210			1,395			233		$	1,628
Equity securities at FVTNI		1,330			332			1,662			569			291			860
Bank loans		204			—			204			84			—			84
Other investments		194			—			194			263			—			263
Carried interest		514			—			514			369			—			369
Total investments		3,301			483			3,784			2,680			524			3,204
Other assets		68			5			73			876			8			884
Other liabilities⁽¹⁾		(820	)		(20	)		(840	)		(1,374	)		(53	)		(1,427	)
Noncontrolling interests		(1,348	)		(34	)		(1,382	)		(1,076	)		(90	)		(1,166	)
BlackRock's net interest in consolidated investment products	$	1,332		$	444		$	1,776		$	1,292		$	448		$	1,740

(1)	At December 31, 2019 and 2018, other liabilities of VIEs include $195 million and $84 million, respectively, related to borrowings of a consolidated CLO.

Schedule of Nonoperating Gains (Loss) Related to Consolidated Variable Interest Entity

Net gain (loss) related to consolidated VIEs is presented in the following table:

(in millions)	2019			2018			2017
Nonoperating net gain (loss) on consolidated VIEs	$	210	$	(105	)	$	118

Net income (loss) attributable to NCI on consolidated VIEs	$	42	$	(6	)	$	33