Derivative and Hedging (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Fair Values of Derivatives Instruments Recognized in Consolidated Statements of Financial Condition

The following table presents the fair values of derivative instruments recognized in the consolidated statements of financial condition at December 31, 2021:

(in millions)	Assets										Liabilities
	Statement of Financial Condition		December 31,				December 31,				Statement of Financial Condition		December 31,				December 31,
Derivative instruments	Classification		2021				2020				Classification		2021				2020
Total return swaps	Other assets		$	5			$	—			Other liabilities		$	14			$	50
Forward foreign currency exchange contracts	Other assets			34				13			Other liabilities			—				5
Total			$	39			$	13					$	14			$	55

Summary of Realized and Unrealized Gains (Losses) Recognized in Consolidated Statements of Income on Derivative Instruments

The following table presents realized and unrealized gains (losses) recognized in the consolidated statements of income on derivative instruments:

(in millions)				Gains (Losses)
Derivative Instruments		Statement of Income Classification		2021				2020				2019
Total return swaps		Nonoperating income (expense)		$	(99	)		$	(93	)		$	(106	)
Forward foreign currency exchange contracts		General and administration expense			(29	)			47				55
Total gain (loss) from derivative instruments				$	(128	)		$	(46	)		$	(51	)