v3.22.1
Segment Information
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment Information

23. 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 the three months ended March 31, 2022 and 2021 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.

 

 

 

Three Months Ended

 

(in millions)

 

March 31,

 

Revenue

 

2022

 

 

2021

 

Americas

 

$

3,089

 

 

$

2,810

 

Europe

 

 

1,396

 

 

 

1,387

 

Asia-Pacific

 

 

214

 

 

 

201

 

Total revenue

 

$

4,699

 

 

$

4,398

 

 

See Note 16, 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 March 31, 2022 and December 31, 2021 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)

 

March 31,

 

 

December 31,

 

Long-lived Assets

 

2022

 

 

2021

 

Americas

 

$

14,770

 

 

$

14,675

 

Europe

 

 

1,334

 

 

 

1,341

 

Asia-Pacific

 

 

96

 

 

 

97

 

Total long-lived assets

 

$

16,200

 

 

$

16,113

 

 

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