v3.20.4
Segment Information
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Segment Information

27. Segment Information

The Company’s management directs BlackRock’s operations as one business, the asset management business. The Company utilizes a consolidated approach to assess performance and allocate resources. As such, the Company operates in one business segment.

 

The following table illustrates total revenue for 2020, 2019 and 2018 by geographic region. These amounts are aggregated on a legal entity basis and do not necessarily reflect where the customer resides or affiliated services are provided.

 

(in millions)

 

 

 

 

 

 

 

 

 

 

 

Revenue

2020

 

 

2019

 

 

2018

 

Americas

$

10,593

 

 

$

9,703

 

 

$

9,303

 

Europe

 

4,940

 

 

 

4,158

 

 

 

4,217

 

Asia-Pacific

 

672

 

 

 

678

 

 

 

678

 

Total revenue

$

16,205

 

 

$

14,539

 

 

$

14,198

 

 

 

See Note 17, Revenue, for further information on the Company’s sources of revenue.

 

The following table illustrates long-lived assets that consist of goodwill and property and equipment at December 31, 2020 and 2019 by geographic region. These amounts are aggregated on a legal entity basis and do not necessarily reflect where the asset is physically located.

 

(in millions)

 

 

 

 

 

 

 

Long-lived Assets

2020

 

 

2019

 

Americas

$

13,784

 

 

$

13,830

 

Europe

 

1,360

 

 

 

1,360

 

Asia-Pacific

 

88

 

 

 

87

 

Total long-lived assets

$

15,232

 

 

$

15,277

 

 

Americas is primarily comprised of the United States, Latin America and Canada, while Europe is primarily comprised of the United Kingdom, the Netherlands, France and Luxembourg. Asia-Pacific is primarily comprised of Hong Kong, Australia, Japan and Singapore.