Consolidated Sponsored Investment Products (Tables)

3 Months Ended

Mar. 31, 2022

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 CIPs accounted for as VIEs and VREs that were recorded on the condensed consolidated statements of financial condition, including BlackRock’s net interest in these products:

	March 31, 2022									December 31, 2021
(in millions)	VIEs			VREs			Total			VIEs			VREs			Total
Cash and cash equivalents	$	332		$	44		$	376		$	251		$	57		$	308
Investments:
Trading debt securities		780			313			1,093			870			270			1,140
Equity securities at FVTNI		1,169			423			1,592			1,100			385			1,485
Bank loans		292			—			292			284			—			284
Other investments		221			—			221			210			—			210
Carried interest		1,718			—			1,718			1,504			—			1,504
Total investments		4,180			736			4,916			3,968			655			4,623
Other assets		67			18			85			50			32			82
Other liabilities⁽¹⁾		(2,165	)		(44	)		(2,209	)		(1,919	)		(82	)		(2,001	)
Noncontrolling interests - CIPs		(1,220	)		(77	)		(1,297	)		(1,046	)		(79	)		(1,125	)
BlackRock's net interests in CIPs	$	1,194		$	677		$	1,871		$	1,304		$	583		$	1,887

⁽¹⁾	At both March 31, 2022 and December 31, 2021, 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:

	Three Months Ended
	March 31,
(in millions)	2022			2021

Nonoperating net gain (loss) on consolidated VIEs	$	(133	)	$	83

Net income (loss) attributable to NCI on consolidated VIEs	$	(75	)	$	55