Consolidated Sponsored Investment Products (Tables)

12 Months Ended

Dec. 31, 2020

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, 2020									December 31, 2019
(in millions)	VIEs			VREs			Total			VIEs			VREs			Total
Cash and cash equivalents	$	155		$	51		$	206		$	131		$	10		$	141
Investments:
Trading debt securities		1,618			310			1,928			1,059			151		$	1,210
Equity securities at FVTNI		1,592			413			2,005			1,330			332			1,662
Bank loans		248			—			248			204			—			204
Other investments		191			—			191			194			—			194
Carried interest		604			—			604			514			—			514
Total investments		4,253			723			4,976			3,301			483			3,784
Other assets		90			9			99			68			5			73
Other liabilities⁽¹⁾		(952	)		(70	)		(1,022	)		(820	)		(20	)		(840	)
Noncontrolling interests		(2,193	)		(180	)		(2,373	)		(1,348	)		(34	)		(1,382	)
BlackRock's net interest in consolidated investment products	$	1,353		$	533		$	1,886		$	1,332		$	444		$	1,776

(1)	At December 31, 2020 and 2019, other liabilities of VIEs primarily include deferred carried interest liabilities and 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)	2020			2019		2018
Nonoperating net gain (loss) on consolidated VIEs	$	477	$	210	$	(105	)

Net income (loss) attributable to NCI on consolidated VIEs	$	348	$	42	$	(6	)