Toggle SGML Header (+)


Section 1: 10-Q (10-Q)

blk-10q_20190930.htm
false Q3 BlackRock Inc. 0001364742 --12-31 Large Accelerated Filer false P4Y us-gaap:OtherAssetsMember us-gaap:OtherAssetsMember 0.28 0.28 0.17 0.61 0.55 0.39 P1D P90D P90D P60D 0.30 0.80 0.30 0.18 0.68 0.52 0.32 0.20 P1D P90D P5D P90D P60D us-gaap:OtherAssets us-gaap:OtherLiabilities P9Y 0.03 P3M P1Y P1Y P1Y P3M P1Y P1Y P1Y P3M P1Y P1Y P1Y P3M P1Y P1Y P1Y 0 823188 143458 0 0001364742 2019-01-01 2019-09-30 xbrli:shares 0001364742 2019-10-31 0001364742 blk:CommonStockPointZeroOneParValueMember 2019-01-01 2019-09-30 0001364742 blk:OnePointTwoFiveZeroPercentNotesDueTwoThousandTwentyFiveMember 2019-01-01 2019-09-30 iso4217:USD 0001364742 2019-09-30 0001364742 2018-12-31 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2019-09-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2018-12-31 iso4217:USD xbrli:shares 0001364742 srt:AffiliatedEntityMember us-gaap:InvestmentAdviceMember 2019-07-01 2019-09-30 0001364742 srt:AffiliatedEntityMember us-gaap:InvestmentAdviceMember 2018-07-01 2018-09-30 0001364742 srt:AffiliatedEntityMember us-gaap:InvestmentAdviceMember 2019-01-01 2019-09-30 0001364742 srt:AffiliatedEntityMember us-gaap:InvestmentAdviceMember 2018-01-01 2018-09-30 0001364742 blk:NonaffiliatedEntitiesMember us-gaap:InvestmentAdviceMember 2019-07-01 2019-09-30 0001364742 blk:NonaffiliatedEntitiesMember us-gaap:InvestmentAdviceMember 2018-07-01 2018-09-30 0001364742 blk:NonaffiliatedEntitiesMember us-gaap:InvestmentAdviceMember 2019-01-01 2019-09-30 0001364742 blk:NonaffiliatedEntitiesMember us-gaap:InvestmentAdviceMember 2018-01-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember 2019-07-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember 2018-07-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember 2018-01-01 2018-09-30 0001364742 us-gaap:InvestmentPerformanceMember 2019-07-01 2019-09-30 0001364742 us-gaap:InvestmentPerformanceMember 2018-07-01 2018-09-30 0001364742 us-gaap:InvestmentPerformanceMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentPerformanceMember 2018-01-01 2018-09-30 0001364742 us-gaap:TechnologyServiceMember 2019-07-01 2019-09-30 0001364742 us-gaap:TechnologyServiceMember 2018-07-01 2018-09-30 0001364742 us-gaap:TechnologyServiceMember 2019-01-01 2019-09-30 0001364742 us-gaap:TechnologyServiceMember 2018-01-01 2018-09-30 0001364742 us-gaap:DistributionAndShareholderServiceMember 2019-07-01 2019-09-30 0001364742 us-gaap:DistributionAndShareholderServiceMember 2018-07-01 2018-09-30 0001364742 us-gaap:DistributionAndShareholderServiceMember 2019-01-01 2019-09-30 0001364742 us-gaap:DistributionAndShareholderServiceMember 2018-01-01 2018-09-30 0001364742 us-gaap:ServiceOtherMember 2019-07-01 2019-09-30 0001364742 us-gaap:ServiceOtherMember 2018-07-01 2018-09-30 0001364742 us-gaap:ServiceOtherMember 2019-01-01 2019-09-30 0001364742 us-gaap:ServiceOtherMember 2018-01-01 2018-09-30 0001364742 2019-07-01 2019-09-30 0001364742 2018-07-01 2018-09-30 0001364742 2018-01-01 2018-09-30 0001364742 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2018-12-31 0001364742 us-gaap:RetainedEarningsUnappropriatedMember 2018-12-31 0001364742 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001364742 us-gaap:TreasuryStockMember 2018-12-31 0001364742 us-gaap:ParentMember 2018-12-31 0001364742 us-gaap:NoncontrollingInterestMember 2018-12-31 0001364742 blk:RedeemableNoncontrollingInterestsMember 2018-12-31 0001364742 us-gaap:RetainedEarningsUnappropriatedMember 2019-01-01 2019-09-30 0001364742 us-gaap:ParentMember 2019-01-01 2019-09-30 0001364742 blk:RedeemableNoncontrollingInterestsMember 2019-01-01 2019-09-30 0001364742 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2019-01-01 2019-09-30 0001364742 us-gaap:TreasuryStockMember 2019-01-01 2019-09-30 0001364742 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-09-30 0001364742 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-09-30 0001364742 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2019-09-30 0001364742 us-gaap:RetainedEarningsUnappropriatedMember 2019-09-30 0001364742 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-09-30 0001364742 us-gaap:TreasuryStockMember 2019-09-30 0001364742 us-gaap:ParentMember 2019-09-30 0001364742 us-gaap:NoncontrollingInterestMember 2019-09-30 0001364742 blk:RedeemableNoncontrollingInterestsMember 2019-09-30 0001364742 us-gaap:CommonStockMember 2019-09-30 0001364742 us-gaap:CommonStockMember 2018-12-31 0001364742 us-gaap:CommonStockMember 2019-01-01 2019-09-30 0001364742 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2019-06-30 0001364742 us-gaap:RetainedEarningsUnappropriatedMember 2019-06-30 0001364742 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0001364742 us-gaap:TreasuryStockMember 2019-06-30 0001364742 us-gaap:ParentMember 2019-06-30 0001364742 us-gaap:NoncontrollingInterestMember 2019-06-30 0001364742 2019-06-30 0001364742 blk:RedeemableNoncontrollingInterestsMember 2019-06-30 0001364742 us-gaap:RetainedEarningsUnappropriatedMember 2019-07-01 2019-09-30 0001364742 us-gaap:ParentMember 2019-07-01 2019-09-30 0001364742 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2019-07-01 2019-09-30 0001364742 us-gaap:TreasuryStockMember 2019-07-01 2019-09-30 0001364742 blk:RedeemableNoncontrollingInterestsMember 2019-07-01 2019-09-30 0001364742 us-gaap:NoncontrollingInterestMember 2019-07-01 2019-09-30 0001364742 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0001364742 us-gaap:CommonStockMember 2019-06-30 0001364742 us-gaap:CommonStockMember 2019-07-01 2019-09-30 0001364742 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2017-12-31 0001364742 us-gaap:RetainedEarningsUnappropriatedMember 2017-12-31 0001364742 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0001364742 us-gaap:TreasuryStockMember 2017-12-31 0001364742 us-gaap:ParentMember 2017-12-31 0001364742 us-gaap:NoncontrollingInterestMember 2017-12-31 0001364742 2017-12-31 0001364742 blk:RedeemableNoncontrollingInterestsMember 2017-12-31 0001364742 us-gaap:RetainedEarningsUnappropriatedMember 2018-01-01 2018-09-30 0001364742 us-gaap:ParentMember 2018-01-01 2018-09-30 0001364742 us-gaap:NoncontrollingInterestMember 2018-01-01 2018-09-30 0001364742 blk:RedeemableNoncontrollingInterestsMember 2018-01-01 2018-09-30 0001364742 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2018-01-01 2018-09-30 0001364742 us-gaap:TreasuryStockMember 2018-01-01 2018-09-30 0001364742 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-09-30 0001364742 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2018-09-30 0001364742 us-gaap:RetainedEarningsUnappropriatedMember 2018-09-30 0001364742 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-09-30 0001364742 us-gaap:TreasuryStockMember 2018-09-30 0001364742 us-gaap:ParentMember 2018-09-30 0001364742 us-gaap:NoncontrollingInterestMember 2018-09-30 0001364742 2018-09-30 0001364742 blk:RedeemableNoncontrollingInterestsMember 2018-09-30 0001364742 us-gaap:CommonStockMember 2018-09-30 0001364742 us-gaap:CommonStockMember 2017-12-31 0001364742 us-gaap:CommonStockMember 2018-01-01 2018-09-30 0001364742 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2018-06-30 0001364742 us-gaap:RetainedEarningsUnappropriatedMember 2018-06-30 0001364742 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0001364742 us-gaap:TreasuryStockMember 2018-06-30 0001364742 us-gaap:ParentMember 2018-06-30 0001364742 us-gaap:NoncontrollingInterestMember 2018-06-30 0001364742 2018-06-30 0001364742 blk:RedeemableNoncontrollingInterestsMember 2018-06-30 0001364742 us-gaap:RetainedEarningsUnappropriatedMember 2018-07-01 2018-09-30 0001364742 us-gaap:ParentMember 2018-07-01 2018-09-30 0001364742 us-gaap:NoncontrollingInterestMember 2018-07-01 2018-09-30 0001364742 blk:RedeemableNoncontrollingInterestsMember 2018-07-01 2018-09-30 0001364742 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2018-07-01 2018-09-30 0001364742 us-gaap:TreasuryStockMember 2018-07-01 2018-09-30 0001364742 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0001364742 us-gaap:CommonStockMember 2018-06-30 0001364742 us-gaap:CommonStockMember 2018-07-01 2018-09-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2019-01-01 2019-09-30 0001364742 us-gaap:VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember 2019-01-01 2019-09-30 0001364742 blk:PerformanceBasedRestrictedStockUnitsMember 2019-01-01 2019-09-30 0001364742 blk:PerformanceBasedStockOptionsMember 2019-01-01 2019-09-30 xbrli:pure 0001364742 blk:PNCMember 2019-09-30 0001364742 us-gaap:AccountingStandardsUpdate201602Member 2019-09-30 0001364742 srt:MinimumMember 2019-09-30 0001364742 srt:MaximumMember 2019-09-30 0001364742 blk:EFrontMember 2019-05-10 0001364742 blk:EFrontMember 2019-05-09 2019-05-10 0001364742 blk:EFrontMember srt:ScenarioPreviouslyReportedMember 2019-05-10 0001364742 us-gaap:CustomerRelationshipsMember blk:EFrontMember srt:ScenarioPreviouslyReportedMember 2019-05-10 0001364742 us-gaap:CustomerRelationshipsMember blk:EFrontMember 2019-05-10 0001364742 us-gaap:TechnologyBasedIntangibleAssetsMember blk:EFrontMember srt:ScenarioPreviouslyReportedMember 2019-05-10 0001364742 us-gaap:TechnologyBasedIntangibleAssetsMember blk:EFrontMember 2019-05-10 0001364742 us-gaap:TradeNamesMember blk:EFrontMember srt:ScenarioPreviouslyReportedMember 2019-05-10 0001364742 us-gaap:TradeNamesMember blk:EFrontMember 2019-05-10 0001364742 blk:EFrontMember srt:ScenarioPreviouslyReportedMember 2019-05-09 2019-05-10 0001364742 us-gaap:CustomerRelationshipsMember blk:EFrontMember 2019-05-09 2019-05-10 0001364742 us-gaap:TechnologyBasedIntangibleAssetsMember blk:EFrontMember 2019-05-09 2019-05-10 0001364742 us-gaap:TradeNamesMember blk:EFrontMember 2019-05-09 2019-05-10 0001364742 srt:MinimumMember blk:EFrontMember 2019-01-01 2019-09-30 0001364742 srt:MaximumMember blk:EFrontMember 2019-01-01 2019-09-30 0001364742 blk:EFrontMember 2019-07-01 2019-09-30 0001364742 blk:EFrontMember 2019-01-01 2019-09-30 0001364742 blk:EFrontMember 2019-09-30 0001364742 us-gaap:EquityMethodInvestmentsMember 2019-09-30 0001364742 us-gaap:EquityMethodInvestmentsMember 2018-12-31 0001364742 blk:FederalReserveBankStockMember 2019-09-30 0001364742 blk:FederalReserveBankStockMember 2018-12-31 0001364742 blk:CarriedInterestMember us-gaap:ConsolidatedEntitiesMember 2019-09-30 0001364742 blk:CarriedInterestMember us-gaap:ConsolidatedEntitiesMember 2018-12-31 0001364742 us-gaap:OtherInvestmentsMember 2019-09-30 0001364742 blk:ConsolidatedSponsoredInvestmentFundsMember us-gaap:DebtSecuritiesMember 2019-09-30 0001364742 blk:ConsolidatedSponsoredInvestmentFundsMember us-gaap:DebtSecuritiesMember 2018-12-31 0001364742 blk:ConsolidatedSponsoredInvestmentFundsMember us-gaap:EquitySecuritiesMember 2019-09-30 0001364742 blk:ConsolidatedSponsoredInvestmentFundsMember us-gaap:EquitySecuritiesMember 2018-12-31 0001364742 us-gaap:CorporateDebtSecuritiesMember 2019-09-30 0001364742 us-gaap:DomesticCorporateDebtSecuritiesMember 2019-09-30 0001364742 us-gaap:AssetBackedSecuritiesMember 2019-09-30 0001364742 blk:DeferredCompensationPlanMutualFundInvestmentsMember 2019-09-30 0001364742 us-gaap:EquitySecuritiesMember 2019-09-30 0001364742 us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0001364742 us-gaap:DomesticCorporateDebtSecuritiesMember 2018-12-31 0001364742 us-gaap:AssetBackedSecuritiesMember 2018-12-31 0001364742 blk:DeferredCompensationPlanMutualFundInvestmentsMember 2018-12-31 0001364742 us-gaap:EquitySecuritiesMember 2018-12-31 0001364742 blk:PennyMacMember 2019-09-30 0001364742 blk:PennyMacMember 2019-01-01 2019-09-30 0001364742 blk:PennyMacMember 2018-12-31 0001364742 blk:ConsolidatedVotingRightsEntitiesMember 2019-09-30 0001364742 blk:ConsolidatedVotingRightsEntitiesMember 2018-12-31 0001364742 blk:ConsolidatedVotingRightsEntitiesMember us-gaap:EquitySecuritiesMember 2019-09-30 0001364742 blk:ConsolidatedVotingRightsEntitiesMember us-gaap:EquitySecuritiesMember 2018-12-31 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2019-07-01 2019-09-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2018-07-01 2018-09-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2018-01-01 2018-09-30 0001364742 us-gaap:VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:InvestmentsMember 2019-09-30 0001364742 us-gaap:VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember blk:AdvisoryFeeReceivablesMember 2019-09-30 0001364742 us-gaap:VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember blk:OtherNetAssetsLiabilitiesMember 2019-09-30 0001364742 us-gaap:VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember blk:MaximumRiskOfLossMember 2019-09-30 0001364742 us-gaap:VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:InvestmentsMember 2018-12-31 0001364742 us-gaap:VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember blk:AdvisoryFeeReceivablesMember 2018-12-31 0001364742 us-gaap:VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember blk:OtherNetAssetsLiabilitiesMember 2018-12-31 0001364742 us-gaap:VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember blk:MaximumRiskOfLossMember 2018-12-31 0001364742 us-gaap:VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember blk:SponsoredInvestmentProductsMember 2019-09-30 0001364742 us-gaap:VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember blk:SponsoredInvestmentProductsMember 2018-12-31 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:PortionAtOtherThanFairValueFairValueDisclosureMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member us-gaap:FixedIncomeFundsMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member us-gaap:FixedIncomeFundsMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FixedIncomeFundsMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member blk:DeferredCompensationPlanAssetsMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember blk:DeferredCompensationPlanAssetsMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member blk:EquityMutualFundInvestmentsMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember blk:EquityMutualFundInvestmentsMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member blk:EquityAndFixedIncomeMutualFundsMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember blk:EquityAndFixedIncomeMutualFundsMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:EstimateOfFairValueFairValueDisclosureMember blk:InvestmentInNAVMember us-gaap:HedgeFundsEquityMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:HedgeFundsEquityMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:EstimateOfFairValueFairValueDisclosureMember blk:InvestmentInNAVMember us-gaap:PrivateEquityFundsMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:PrivateEquityFundsMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:EstimateOfFairValueFairValueDisclosureMember blk:InvestmentInNAVMember us-gaap:RealEstateFundsMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:RealEstateFundsMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member blk:OtherTypesOfInvestmentsMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:EstimateOfFairValueFairValueDisclosureMember blk:InvestmentInNAVMember blk:OtherTypesOfInvestmentsMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember blk:OtherTypesOfInvestmentsMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:EstimateOfFairValueFairValueDisclosureMember blk:InvestmentInNAVMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member us-gaap:DebtSecuritiesMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member blk:BankLoansMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member blk:BankLoansMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember blk:BankLoansMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member us-gaap:PrivateEquityFundsMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member us-gaap:PrivateEquityFundsMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:PortionAtOtherThanFairValueFairValueDisclosureMember us-gaap:PrivateEquityFundsMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:PortionAtOtherThanFairValueFairValueDisclosureMember blk:CarriedInterestMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember blk:CarriedInterestMember 2019-09-30 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:PortionAtOtherThanFairValueFairValueDisclosureMember 2018-12-31 0001364742 us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001364742 us-gaap:FixedIncomeFundsMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001364742 us-gaap:FixedIncomeFundsMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member 2018-12-31 0001364742 us-gaap:FixedIncomeFundsMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member 2018-12-31 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member blk:DeferredCompensationPlanAssetsMember 2018-12-31 0001364742 us-gaap:FairValueMeasurementsRecurringMember blk:DeferredCompensationPlanAssetsMember 2018-12-31 0001364742 blk:EquityMutualFundInvestmentsMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0001364742 blk:EquityMutualFundInvestmentsMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0001364742 blk:EquityAndFixedIncomeMutualFundsMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0001364742 blk:EquityAndFixedIncomeMutualFundsMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001364742 us-gaap:HedgeFundsEquityMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:EstimateOfFairValueFairValueDisclosureMember blk:InvestmentInNAVMember 2018-12-31 0001364742 us-gaap:HedgeFundsEquityMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001364742 us-gaap:PrivateEquityFundsMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:EstimateOfFairValueFairValueDisclosureMember blk:InvestmentInNAVMember 2018-12-31 0001364742 us-gaap:PrivateEquityFundsMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001364742 us-gaap:RealEstateFundsMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:EstimateOfFairValueFairValueDisclosureMember blk:InvestmentInNAVMember 2018-12-31 0001364742 us-gaap:RealEstateFundsMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001364742 blk:OtherTypesOfInvestmentsMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:EstimateOfFairValueFairValueDisclosureMember blk:InvestmentInNAVMember 2018-12-31 0001364742 blk:OtherTypesOfInvestmentsMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:PortionAtOtherThanFairValueFairValueDisclosureMember 2018-12-31 0001364742 blk:OtherTypesOfInvestmentsMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:EstimateOfFairValueFairValueDisclosureMember blk:InvestmentInNAVMember 2018-12-31 0001364742 us-gaap:DebtSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001364742 us-gaap:DebtSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001364742 us-gaap:EquitySecuritiesMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0001364742 us-gaap:EquitySecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001364742 blk:BankLoansMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001364742 blk:BankLoansMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member 2018-12-31 0001364742 blk:BankLoansMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001364742 us-gaap:PrivateEquityFundsMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member 2018-12-31 0001364742 us-gaap:PrivateEquityFundsMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:PortionAtOtherThanFairValueFairValueDisclosureMember 2018-12-31 0001364742 blk:CarriedInterestMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:PortionAtOtherThanFairValueFairValueDisclosureMember 2018-12-31 0001364742 blk:CarriedInterestMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001364742 us-gaap:FairValueInputsLevel3Member us-gaap:PrivateEquityFundsMember us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2019-09-30 0001364742 us-gaap:FairValueInputsLevel3Member us-gaap:PrivateEquityFundsMember us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2018-12-31 0001364742 us-gaap:DebtSecuritiesMember blk:TradingSecuritiesAssetsMember 2019-06-30 0001364742 us-gaap:InvestmentsMember 2019-06-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:CollateralizedLoanObligationsMember 2019-06-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:PrivateEquityFundsMember 2019-06-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2019-06-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:PrivateEquityFundsMember 2019-07-01 2019-09-30 0001364742 us-gaap:DebtSecuritiesMember blk:TradingSecuritiesAssetsMember 2019-07-01 2019-09-30 0001364742 us-gaap:InvestmentsMember 2019-07-01 2019-09-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:CollateralizedLoanObligationsMember 2019-07-01 2019-09-30 0001364742 us-gaap:DebtSecuritiesMember blk:TradingSecuritiesAssetsMember 2019-09-30 0001364742 us-gaap:InvestmentsMember 2019-09-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:CollateralizedLoanObligationsMember 2019-09-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:PrivateEquityFundsMember 2019-09-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:BorrowingsMember 2019-06-30 0001364742 us-gaap:OtherLiabilitiesMember 2019-06-30 0001364742 us-gaap:OtherLiabilitiesMember 2019-07-01 2019-09-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:BorrowingsMember 2019-07-01 2019-09-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:BorrowingsMember 2019-09-30 0001364742 us-gaap:OtherLiabilitiesMember 2019-09-30 0001364742 us-gaap:DebtSecuritiesMember blk:TradingSecuritiesAssetsMember 2018-12-31 0001364742 us-gaap:InvestmentsMember 2018-12-31 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:CollateralizedLoanObligationsMember 2018-12-31 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:PrivateEquityFundsMember 2018-12-31 0001364742 us-gaap:DebtSecuritiesMember blk:TradingSecuritiesAssetsMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentsMember 2019-01-01 2019-09-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:CollateralizedLoanObligationsMember 2019-01-01 2019-09-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:PrivateEquityFundsMember 2019-01-01 2019-09-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:BorrowingsMember 2018-12-31 0001364742 us-gaap:OtherLiabilitiesMember 2018-12-31 0001364742 us-gaap:OtherLiabilitiesMember 2019-01-01 2019-09-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:BorrowingsMember 2019-01-01 2019-09-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:PrivateEquityFundsMember 2018-06-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2018-06-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:PrivateEquityFundsMember 2018-07-01 2018-09-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:CollateralizedLoanObligationsMember 2018-07-01 2018-09-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:PrivateEquityFundsMember 2018-09-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:CollateralizedLoanObligationsMember 2018-09-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2018-09-30 0001364742 us-gaap:OtherLiabilitiesMember 2018-06-30 0001364742 us-gaap:OtherLiabilitiesMember 2018-07-01 2018-09-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:BorrowingsMember 2018-07-01 2018-09-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:BorrowingsMember 2018-09-30 0001364742 us-gaap:OtherLiabilitiesMember 2018-09-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:PrivateEquityFundsMember 2017-12-31 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2017-12-31 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:PrivateEquityFundsMember 2018-01-01 2018-09-30 0001364742 blk:TradingSecuritiesAssetsMember 2018-01-01 2018-09-30 0001364742 us-gaap:InvestmentsMember 2018-01-01 2018-09-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:CollateralizedLoanObligationsMember 2018-01-01 2018-09-30 0001364742 us-gaap:OtherLiabilitiesMember 2017-12-31 0001364742 us-gaap:OtherLiabilitiesMember 2018-01-01 2018-09-30 0001364742 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:BorrowingsMember 2018-01-01 2018-09-30 0001364742 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FairValueInputsLevel1Member 2019-09-30 0001364742 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueInputsLevel1Member 2019-09-30 0001364742 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0001364742 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0001364742 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FairValueInputsLevel1Member us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2019-09-30 0001364742 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueInputsLevel1Member us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2019-09-30 0001364742 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FairValueInputsLevel1Member us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2018-12-31 0001364742 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueInputsLevel1Member us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2018-12-31 0001364742 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FairValueInputsLevel2Member 2019-09-30 0001364742 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueInputsLevel2Member 2019-09-30 0001364742 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001364742 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001364742 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FairValueInputsLevel3Member 2019-09-30 0001364742 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueInputsLevel3Member 2019-09-30 0001364742 us-gaap:MoneyMarketFundsMember 2019-09-30 0001364742 us-gaap:MoneyMarketFundsMember 2018-12-31 0001364742 us-gaap:MoneyMarketFundsMember us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2019-09-30 0001364742 us-gaap:MoneyMarketFundsMember us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2018-12-31 0001364742 us-gaap:HedgeFundsEquityMember us-gaap:EquityMethodInvestmentsMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2019-09-30 0001364742 us-gaap:PrivateEquityFundsMember us-gaap:EquityMethodInvestmentsMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2019-09-30 0001364742 us-gaap:RealEstateFundsMember us-gaap:EquityMethodInvestmentsMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2019-09-30 0001364742 blk:OtherTypesOfInvestmentsMember us-gaap:EquityMethodInvestmentsMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2019-09-30 0001364742 blk:PrivateEquityFundsOfFundsMember us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2019-09-30 0001364742 us-gaap:HedgeFundsEquityMember us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2019-09-30 0001364742 us-gaap:RealEstateFundsMember us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2019-09-30 0001364742 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2019-09-30 0001364742 us-gaap:HedgeFundsEquityMember us-gaap:EquityMethodInvestmentsMember 2019-09-30 0001364742 us-gaap:PrivateEquityFundsMember us-gaap:EquityMethodInvestmentsMember 2019-09-30 0001364742 us-gaap:RealEstateFundsMember us-gaap:EquityMethodInvestmentsMember 2019-09-30 0001364742 blk:OtherTypesOfInvestmentsMember us-gaap:EquityMethodInvestmentsMember 2019-09-30 0001364742 blk:PrivateEquityFundsOfFundsMember us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2019-09-30 0001364742 us-gaap:RealEstateFundsMember us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2019-09-30 0001364742 us-gaap:HedgeFundsEquityMember srt:MinimumMember us-gaap:EquityMethodInvestmentsMember 2019-01-01 2019-09-30 0001364742 us-gaap:HedgeFundsEquityMember srt:MaximumMember us-gaap:EquityMethodInvestmentsMember 2019-01-01 2019-09-30 0001364742 us-gaap:HedgeFundsEquityMember us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2019-01-01 2019-09-30 0001364742 us-gaap:RealEstateFundsMember us-gaap:EquityMethodInvestmentsMember 2019-01-01 2019-09-30 0001364742 us-gaap:HedgeFundsEquityMember us-gaap:EquityMethodInvestmentsMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2018-12-31 0001364742 us-gaap:PrivateEquityFundsMember us-gaap:EquityMethodInvestmentsMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2018-12-31 0001364742 us-gaap:RealEstateFundsMember us-gaap:EquityMethodInvestmentsMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2018-12-31 0001364742 blk:OtherTypesOfInvestmentsMember us-gaap:EquityMethodInvestmentsMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2018-12-31 0001364742 blk:PrivateEquityFundsOfFundsMember us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2018-12-31 0001364742 us-gaap:HedgeFundsEquityMember us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2018-12-31 0001364742 us-gaap:RealEstateFundsMember us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2018-12-31 0001364742 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2018-12-31 0001364742 us-gaap:HedgeFundsEquityMember us-gaap:EquityMethodInvestmentsMember 2018-12-31 0001364742 us-gaap:PrivateEquityFundsMember us-gaap:EquityMethodInvestmentsMember 2018-12-31 0001364742 us-gaap:RealEstateFundsMember us-gaap:EquityMethodInvestmentsMember 2018-12-31 0001364742 blk:OtherTypesOfInvestmentsMember us-gaap:EquityMethodInvestmentsMember 2018-12-31 0001364742 blk:PrivateEquityFundsOfFundsMember us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2018-12-31 0001364742 us-gaap:RealEstateFundsMember us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2018-12-31 0001364742 us-gaap:HedgeFundsEquityMember srt:MinimumMember us-gaap:EquityMethodInvestmentsMember 2018-01-01 2018-12-31 0001364742 us-gaap:HedgeFundsEquityMember srt:MaximumMember us-gaap:EquityMethodInvestmentsMember 2018-01-01 2018-12-31 0001364742 blk:OtherTypesOfInvestmentsMember us-gaap:EquityMethodInvestmentsMember 2018-01-01 2018-12-31 0001364742 us-gaap:HedgeFundsEquityMember us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2018-01-01 2018-12-31 0001364742 us-gaap:RealEstateFundsMember us-gaap:EquityMethodInvestmentsMember 2018-01-01 2018-12-31 0001364742 us-gaap:RealEstateFundsMember 2019-09-30 0001364742 us-gaap:RealEstateFundsMember 2018-12-31 0001364742 us-gaap:FairValueOptionOtherEligibleItemsMember 2019-09-30 0001364742 us-gaap:FairValueOptionOtherEligibleItemsMember 2018-12-31 0001364742 us-gaap:CollateralizedLoanObligationsMember 2019-09-30 0001364742 us-gaap:CollateralizedLoanObligationsMember 2018-12-31 0001364742 us-gaap:BorrowingsMember 2019-09-30 0001364742 us-gaap:BorrowingsMember 2018-12-31 0001364742 us-gaap:TotalReturnSwapMember 2019-09-30 0001364742 us-gaap:TotalReturnSwapMember 2018-12-31 0001364742 us-gaap:ForeignExchangeForwardMember 2019-09-30 0001364742 us-gaap:ForeignExchangeForwardMember 2018-12-31 0001364742 us-gaap:TotalReturnSwapMember us-gaap:NonoperatingIncomeExpenseMember 2019-07-01 2019-09-30 0001364742 us-gaap:TotalReturnSwapMember us-gaap:NonoperatingIncomeExpenseMember 2018-07-01 2018-09-30 0001364742 us-gaap:TotalReturnSwapMember us-gaap:NonoperatingIncomeExpenseMember 2019-01-01 2019-09-30 0001364742 us-gaap:TotalReturnSwapMember us-gaap:NonoperatingIncomeExpenseMember 2018-01-01 2018-09-30 0001364742 us-gaap:ForeignExchangeForwardMember us-gaap:GeneralAndAdministrativeExpenseMember 2019-07-01 2019-09-30 0001364742 us-gaap:ForeignExchangeForwardMember us-gaap:GeneralAndAdministrativeExpenseMember 2018-07-01 2018-09-30 0001364742 us-gaap:ForeignExchangeForwardMember us-gaap:GeneralAndAdministrativeExpenseMember 2019-01-01 2019-09-30 0001364742 us-gaap:ForeignExchangeForwardMember us-gaap:GeneralAndAdministrativeExpenseMember 2018-01-01 2018-09-30 0001364742 us-gaap:AccountingStandardsUpdate201602Member 2019-01-01 2019-09-30 0001364742 us-gaap:CustomerRelationshipsMember blk:EFrontMember 2019-01-01 2019-09-30 0001364742 us-gaap:TechnologyBasedIntangibleAssetsMember blk:EFrontMember 2019-01-01 2019-09-30 0001364742 us-gaap:TradeNamesMember blk:EFrontMember 2019-01-01 2019-09-30 0001364742 blk:TwoThousandNineteenRevolvingCreditFacilityMember 2019-09-30 0001364742 blk:TwoThousandNineteenRevolvingCreditFacilityMember 2019-01-01 2019-09-30 0001364742 us-gaap:CommercialPaperMember 2019-09-30 0001364742 blk:FivePercentNotesDueTwoThousandNineteenMember 2019-09-30 0001364742 blk:FourPointTwoFivePercentNotesDueTwoThousandTwentyOneMember 2019-09-30 0001364742 blk:ThreePointThreeSevenFivePercentNotesDueTwoThousandTwentyTwoMember 2019-09-30 0001364742 blk:ThreePointFiveZeroPercentNotesDueTwoThousandTwentyFourMember 2019-09-30 0001364742 blk:OnePointTwoFivePercentNotesDueTwoThousandTwentyFiveMember 2019-09-30 0001364742 blk:ThreePointTwoZeroPercentNotesDueTwoThousandTwentySevenMember 2019-09-30 0001364742 blk:ThreePointTwoFivePercentNotesDueTwoThousandTwentyNineMember 2019-09-30 0001364742 blk:ThreePointTwoFivePercentNotesDueTwoThousandTwentyNineMember 2019-04-30 0001364742 blk:ThreePointTwoFivePercentNotesDueTwoThousandTwentyNineMember 2019-04-01 2019-04-30 utr:sqft 0001364742 us-gaap:PropertySubjectToOperatingLeaseMember 2019-09-30 0001364742 us-gaap:PropertySubjectToOperatingLeaseMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:EquityActiveProductMember 2019-07-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:EquityActiveProductMember 2018-07-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:EquityActiveProductMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:EquityActiveProductMember 2018-01-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:EquityISharesETFsMember 2019-07-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:EquityISharesETFsMember 2018-07-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:EquityISharesETFsMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:EquityISharesETFsMember 2018-01-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:EquityNonETFIndexMember 2019-07-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:EquityNonETFIndexMember 2018-07-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:EquityNonETFIndexMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:EquityNonETFIndexMember 2018-01-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:EquityProductMember 2019-07-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:EquityProductMember 2018-07-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:EquityProductMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:EquityProductMember 2018-01-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:FixedIncomeActiveProductsMember 2019-07-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:FixedIncomeActiveProductsMember 2018-07-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:FixedIncomeActiveProductsMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:FixedIncomeActiveProductsMember 2018-01-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:FixedIncomeISharesETFsMember 2019-07-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:FixedIncomeISharesETFsMember 2018-07-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:FixedIncomeISharesETFsMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:FixedIncomeISharesETFsMember 2018-01-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:FixedIncomeNonETFIndexMember 2019-07-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:FixedIncomeNonETFIndexMember 2018-07-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:FixedIncomeNonETFIndexMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:FixedIncomeNonETFIndexMember 2018-01-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:FixedIncomeMember 2019-07-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:FixedIncomeMember 2018-07-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:FixedIncomeMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:FixedIncomeMember 2018-01-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:MultiAssetMember 2019-07-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:MultiAssetMember 2018-07-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:MultiAssetMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:MultiAssetMember 2018-01-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:IlliquidAlternativesMember blk:AlternativeInvestmentsProductsMember 2019-07-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:IlliquidAlternativesMember blk:AlternativeInvestmentsProductsMember 2018-07-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:IlliquidAlternativesMember blk:AlternativeInvestmentsProductsMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:IlliquidAlternativesMember blk:AlternativeInvestmentsProductsMember 2018-01-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:LiquidAlternativesMember blk:AlternativeInvestmentsProductsMember 2019-07-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:LiquidAlternativesMember blk:AlternativeInvestmentsProductsMember 2018-07-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:LiquidAlternativesMember blk:AlternativeInvestmentsProductsMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:LiquidAlternativesMember blk:AlternativeInvestmentsProductsMember 2018-01-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:AlternativesCurrencyAndCommoditiesMember blk:AlternativeInvestmentsProductsMember 2019-07-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:AlternativesCurrencyAndCommoditiesMember blk:AlternativeInvestmentsProductsMember 2018-07-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:AlternativesCurrencyAndCommoditiesMember blk:AlternativeInvestmentsProductsMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:AlternativesCurrencyAndCommoditiesMember blk:AlternativeInvestmentsProductsMember 2018-01-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:AlternativeInvestmentsProductsMember 2019-07-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:AlternativeInvestmentsProductsMember 2018-07-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:AlternativeInvestmentsProductsMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:AlternativeInvestmentsProductsMember 2018-01-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:LongTermRevenueMember 2019-07-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:LongTermRevenueMember 2018-07-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:LongTermRevenueMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:LongTermRevenueMember 2018-01-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:CashManagementMember 2019-07-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:CashManagementMember 2018-07-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:CashManagementMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember blk:CashManagementMember 2018-01-01 2018-09-30 0001364742 us-gaap:InvestmentPerformanceMember blk:EquityProductMember 2019-07-01 2019-09-30 0001364742 us-gaap:InvestmentPerformanceMember blk:EquityProductMember 2018-07-01 2018-09-30 0001364742 us-gaap:InvestmentPerformanceMember blk:EquityProductMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentPerformanceMember blk:EquityProductMember 2018-01-01 2018-09-30 0001364742 us-gaap:InvestmentPerformanceMember blk:FixedIncomeMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentPerformanceMember blk:FixedIncomeMember 2018-01-01 2018-09-30 0001364742 us-gaap:InvestmentPerformanceMember blk:MultiAssetMember 2019-07-01 2019-09-30 0001364742 us-gaap:InvestmentPerformanceMember blk:MultiAssetMember 2018-07-01 2018-09-30 0001364742 us-gaap:InvestmentPerformanceMember blk:MultiAssetMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentPerformanceMember blk:MultiAssetMember 2018-01-01 2018-09-30 0001364742 us-gaap:InvestmentPerformanceMember blk:IlliquidAlternativesMember blk:AlternativeInvestmentsProductsMember 2019-07-01 2019-09-30 0001364742 us-gaap:InvestmentPerformanceMember blk:IlliquidAlternativesMember blk:AlternativeInvestmentsProductsMember 2018-07-01 2018-09-30 0001364742 us-gaap:InvestmentPerformanceMember blk:IlliquidAlternativesMember blk:AlternativeInvestmentsProductsMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentPerformanceMember blk:IlliquidAlternativesMember blk:AlternativeInvestmentsProductsMember 2018-01-01 2018-09-30 0001364742 us-gaap:InvestmentPerformanceMember blk:LiquidAlternativesMember blk:AlternativeInvestmentsProductsMember 2019-07-01 2019-09-30 0001364742 us-gaap:InvestmentPerformanceMember blk:LiquidAlternativesMember blk:AlternativeInvestmentsProductsMember 2018-07-01 2018-09-30 0001364742 us-gaap:InvestmentPerformanceMember blk:LiquidAlternativesMember blk:AlternativeInvestmentsProductsMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentPerformanceMember blk:LiquidAlternativesMember blk:AlternativeInvestmentsProductsMember 2018-01-01 2018-09-30 0001364742 us-gaap:InvestmentPerformanceMember blk:AlternativeInvestmentsProductsMember 2019-07-01 2019-09-30 0001364742 us-gaap:InvestmentPerformanceMember blk:AlternativeInvestmentsProductsMember 2018-07-01 2018-09-30 0001364742 us-gaap:InvestmentPerformanceMember blk:AlternativeInvestmentsProductsMember 2019-01-01 2019-09-30 0001364742 us-gaap:InvestmentPerformanceMember blk:AlternativeInvestmentsProductsMember 2018-01-01 2018-09-30 0001364742 us-gaap:DistributionAndShareholderServiceMember blk:RetrocessionsMember 2019-07-01 2019-09-30 0001364742 us-gaap:DistributionAndShareholderServiceMember blk:RetrocessionsMember 2018-07-01 2018-09-30 0001364742 us-gaap:DistributionAndShareholderServiceMember blk:RetrocessionsMember 2019-01-01 2019-09-30 0001364742 us-gaap:DistributionAndShareholderServiceMember blk:RetrocessionsMember 2018-01-01 2018-09-30 0001364742 us-gaap:DistributionAndShareholderServiceMember blk:USMutualFundsDistributionFeesMember 2019-07-01 2019-09-30 0001364742 us-gaap:DistributionAndShareholderServiceMember blk:USMutualFundsDistributionFeesMember 2018-07-01 2018-09-30 0001364742 us-gaap:DistributionAndShareholderServiceMember blk:USMutualFundsDistributionFeesMember 2019-01-01 2019-09-30 0001364742 us-gaap:DistributionAndShareholderServiceMember blk:USMutualFundsDistributionFeesMember 2018-01-01 2018-09-30 0001364742 us-gaap:DistributionAndShareholderServiceMember blk:OtherDistributionFeesMember 2019-07-01 2019-09-30 0001364742 us-gaap:DistributionAndShareholderServiceMember blk:OtherDistributionFeesMember 2018-07-01 2018-09-30 0001364742 us-gaap:DistributionAndShareholderServiceMember blk:OtherDistributionFeesMember 2019-01-01 2019-09-30 0001364742 us-gaap:DistributionAndShareholderServiceMember blk:OtherDistributionFeesMember 2018-01-01 2018-09-30 0001364742 us-gaap:ServiceOtherMember blk:AdvisoryRevenueMember 2019-07-01 2019-09-30 0001364742 us-gaap:ServiceOtherMember blk:AdvisoryRevenueMember 2018-07-01 2018-09-30 0001364742 us-gaap:ServiceOtherMember blk:AdvisoryRevenueMember 2019-01-01 2019-09-30 0001364742 us-gaap:ServiceOtherMember blk:AdvisoryRevenueMember 2018-01-01 2018-09-30 0001364742 us-gaap:ServiceOtherMember blk:OtherAdvisoryRevenueMember 2019-07-01 2019-09-30 0001364742 us-gaap:ServiceOtherMember blk:OtherAdvisoryRevenueMember 2018-07-01 2018-09-30 0001364742 us-gaap:ServiceOtherMember blk:OtherAdvisoryRevenueMember 2019-01-01 2019-09-30 0001364742 us-gaap:ServiceOtherMember blk:OtherAdvisoryRevenueMember 2018-01-01 2018-09-30 0001364742 blk:RevenueByClientTypeMember blk:RetailClientsMember 2019-07-01 2019-09-30 0001364742 blk:RevenueByClientTypeMember blk:RetailClientsMember 2018-07-01 2018-09-30 0001364742 blk:RevenueByClientTypeMember blk:RetailClientsMember 2019-01-01 2019-09-30 0001364742 blk:RevenueByClientTypeMember blk:RetailClientsMember 2018-01-01 2018-09-30 0001364742 blk:RevenueByClientTypeMember blk:ISharesETFsMember 2019-07-01 2019-09-30 0001364742 blk:RevenueByClientTypeMember blk:ISharesETFsMember 2018-07-01 2018-09-30 0001364742 blk:RevenueByClientTypeMember blk:ISharesETFsMember 2019-01-01 2019-09-30 0001364742 blk:RevenueByClientTypeMember blk:ISharesETFsMember 2018-01-01 2018-09-30 0001364742 blk:RevenueByClientTypeMember blk:InstitutionalActiveMember 2019-07-01 2019-09-30 0001364742 blk:RevenueByClientTypeMember blk:InstitutionalActiveMember 2018-07-01 2018-09-30 0001364742 blk:RevenueByClientTypeMember blk:InstitutionalActiveMember 2019-01-01 2019-09-30 0001364742 blk:RevenueByClientTypeMember blk:InstitutionalActiveMember 2018-01-01 2018-09-30 0001364742 blk:RevenueByClientTypeMember blk:InstitutionalIndexMember 2019-07-01 2019-09-30 0001364742 blk:RevenueByClientTypeMember blk:InstitutionalIndexMember 2018-07-01 2018-09-30 0001364742 blk:RevenueByClientTypeMember blk:InstitutionalIndexMember 2019-01-01 2019-09-30 0001364742 blk:RevenueByClientTypeMember blk:InstitutionalIndexMember 2018-01-01 2018-09-30 0001364742 blk:RevenueByClientTypeMember blk:InstitutionalMember 2019-07-01 2019-09-30 0001364742 blk:RevenueByClientTypeMember blk:InstitutionalMember 2018-07-01 2018-09-30 0001364742 blk:RevenueByClientTypeMember blk:InstitutionalMember 2019-01-01 2019-09-30 0001364742 blk:RevenueByClientTypeMember blk:InstitutionalMember 2018-01-01 2018-09-30 0001364742 blk:RevenueByClientTypeMember blk:LongTermRevenueMember 2019-07-01 2019-09-30 0001364742 blk:RevenueByClientTypeMember blk:LongTermRevenueMember 2018-07-01 2018-09-30 0001364742 blk:RevenueByClientTypeMember blk:LongTermRevenueMember 2019-01-01 2019-09-30 0001364742 blk:RevenueByClientTypeMember blk:LongTermRevenueMember 2018-01-01 2018-09-30 0001364742 blk:RevenueByClientTypeMember blk:CashManagementMember 2019-07-01 2019-09-30 0001364742 blk:RevenueByClientTypeMember blk:CashManagementMember 2018-07-01 2018-09-30 0001364742 blk:RevenueByClientTypeMember blk:CashManagementMember 2019-01-01 2019-09-30 0001364742 blk:RevenueByClientTypeMember blk:CashManagementMember 2018-01-01 2018-09-30 0001364742 blk:RevenueByClientTypeMember 2019-07-01 2019-09-30 0001364742 blk:RevenueByClientTypeMember 2018-07-01 2018-09-30 0001364742 blk:RevenueByClientTypeMember 2019-01-01 2019-09-30 0001364742 blk:RevenueByClientTypeMember 2018-01-01 2018-09-30 0001364742 blk:RevenueByInvestmentStyleMember blk:ActiveProductsMember 2019-07-01 2019-09-30 0001364742 blk:RevenueByInvestmentStyleMember blk:ActiveProductsMember 2018-07-01 2018-09-30 0001364742 blk:RevenueByInvestmentStyleMember blk:ActiveProductsMember 2019-01-01 2019-09-30 0001364742 blk:RevenueByInvestmentStyleMember blk:ActiveProductsMember 2018-01-01 2018-09-30 0001364742 blk:RevenueByInvestmentStyleMember blk:IndexAndISharesETFsMember 2019-07-01 2019-09-30 0001364742 blk:RevenueByInvestmentStyleMember blk:IndexAndISharesETFsMember 2018-07-01 2018-09-30 0001364742 blk:RevenueByInvestmentStyleMember blk:IndexAndISharesETFsMember 2019-01-01 2019-09-30 0001364742 blk:RevenueByInvestmentStyleMember blk:IndexAndISharesETFsMember 2018-01-01 2018-09-30 0001364742 blk:RevenueByInvestmentStyleMember blk:LongTermRevenueMember 2019-07-01 2019-09-30 0001364742 blk:RevenueByInvestmentStyleMember blk:LongTermRevenueMember 2018-07-01 2018-09-30 0001364742 blk:RevenueByInvestmentStyleMember blk:LongTermRevenueMember 2019-01-01 2019-09-30 0001364742 blk:RevenueByInvestmentStyleMember blk:LongTermRevenueMember 2018-01-01 2018-09-30 0001364742 blk:RevenueByInvestmentStyleMember blk:CashManagementMember 2019-07-01 2019-09-30 0001364742 blk:RevenueByInvestmentStyleMember blk:CashManagementMember 2018-07-01 2018-09-30 0001364742 blk:RevenueByInvestmentStyleMember blk:CashManagementMember 2019-01-01 2019-09-30 0001364742 blk:RevenueByInvestmentStyleMember blk:CashManagementMember 2018-01-01 2018-09-30 0001364742 blk:RevenueByInvestmentStyleMember 2019-07-01 2019-09-30 0001364742 blk:RevenueByInvestmentStyleMember 2018-07-01 2018-09-30 0001364742 blk:RevenueByInvestmentStyleMember 2019-01-01 2019-09-30 0001364742 blk:RevenueByInvestmentStyleMember 2018-01-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember 2019-10-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember 2020-01-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember 2021-01-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember 2022-01-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember 2023-01-01 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember 2019-09-30 0001364742 us-gaap:InvestmentAdviceMember 2018-10-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember 2019-01-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember 2020-01-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember 2021-01-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember 2022-01-01 2018-09-30 0001364742 us-gaap:InvestmentAdviceMember 2018-09-30 0001364742 2019-10-01 us-gaap:TechnologyServiceMember 2019-09-30 0001364742 2020-01-01 us-gaap:TechnologyServiceMember 2019-09-30 0001364742 2021-01-01 us-gaap:TechnologyServiceMember 2019-09-30 0001364742 2022-01-01 us-gaap:TechnologyServiceMember 2019-09-30 0001364742 2023-01-01 us-gaap:TechnologyServiceMember 2019-09-30 0001364742 us-gaap:TechnologyServiceMember 2019-09-30 0001364742 us-gaap:TechnologyServiceMember 2018-10-01 2018-09-30 0001364742 us-gaap:TechnologyServiceMember 2019-01-01 2018-09-30 0001364742 us-gaap:TechnologyServiceMember 2020-01-01 2018-09-30 0001364742 us-gaap:TechnologyServiceMember 2021-01-01 2018-09-30 0001364742 us-gaap:TechnologyServiceMember 2022-01-01 2018-09-30 0001364742 us-gaap:TechnologyServiceMember 2018-09-30 0001364742 srt:MinimumMember 2019-01-01 2019-09-30 0001364742 srt:MaximumMember 2019-01-01 2019-09-30 0001364742 blk:RestrictedStockUnitsAndRestrictedStockMember 2019-01-01 2019-01-31 0001364742 us-gaap:RestrictedStockUnitsRSUMember 2019-09-30 0001364742 us-gaap:RestrictedStockUnitsRSUMember 2019-01-01 2019-09-30 0001364742 blk:PerformanceBasedRestrictedStockUnitsMember 2018-12-31 0001364742 blk:PerformanceBasedRestrictedStockUnitsMember 2019-09-30 0001364742 blk:PerformanceBasedRestrictedStockUnitsMember 2019-01-01 2019-01-31 0001364742 blk:LongTermIncentivePlansFundedByPncMember srt:MaximumMember 2019-09-30 0001364742 blk:LongTermIncentivePlansFundedByPncMember 2019-01-31 2019-01-31 0001364742 blk:PerformanceBasedStockOptionsMember 2018-12-31 0001364742 blk:PerformanceBasedStockOptionsMember 2019-09-30 0001364742 us-gaap:SeriesAPreferredStockMember 2019-09-30 0001364742 us-gaap:SeriesAPreferredStockMember 2018-12-31 0001364742 us-gaap:SeriesBPreferredStockMember 2019-09-30 0001364742 us-gaap:SeriesBPreferredStockMember 2018-12-31 0001364742 us-gaap:SeriesCPreferredStockMember 2019-09-30 0001364742 us-gaap:SeriesCPreferredStockMember 2018-12-31 0001364742 us-gaap:SeriesDPreferredStockMember 2019-09-30 0001364742 us-gaap:SeriesDPreferredStockMember 2018-12-31 0001364742 blk:PrivateTransactionMember 2019-03-24 2019-03-25 0001364742 blk:PNCMember us-gaap:SeriesCPreferredStockMember 2019-01-31 2019-01-31 0001364742 2018-10-01 2018-12-31 0001364742 us-gaap:EmployeeSeveranceMember 2018-10-01 2018-12-31 0001364742 blk:AcceleratedAmortizationOfEquityCompensationAwardsMember 2018-10-01 2018-12-31 blk:Segment 0001364742 srt:AmericasMember 2019-07-01 2019-09-30 0001364742 srt:AmericasMember 2018-07-01 2018-09-30 0001364742 srt:AmericasMember 2019-01-01 2019-09-30 0001364742 srt:AmericasMember 2018-01-01 2018-09-30 0001364742 srt:EuropeMember 2019-07-01 2019-09-30 0001364742 srt:EuropeMember 2018-07-01 2018-09-30 0001364742 srt:EuropeMember 2019-01-01 2019-09-30 0001364742 srt:EuropeMember 2018-01-01 2018-09-30 0001364742 srt:AsiaPacificMember 2019-07-01 2019-09-30 0001364742 srt:AsiaPacificMember 2018-07-01 2018-09-30 0001364742 srt:AsiaPacificMember 2019-01-01 2019-09-30 0001364742 srt:AsiaPacificMember 2018-01-01 2018-09-30 0001364742 srt:AmericasMember 2019-09-30 0001364742 srt:AmericasMember 2018-12-31 0001364742 srt:EuropeMember 2019-09-30 0001364742 srt:EuropeMember 2018-12-31 0001364742 srt:AsiaPacificMember 2019-09-30 0001364742 srt:AsiaPacificMember 2018-12-31

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934.

For the quarterly period ended September 30, 2019

OR

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934.

For the transition period from                                 to                                 .

Commission file number 001-33099

 

BlackRock, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware

 

32-0174431

(State or Other Jurisdiction of

Incorporation or Organization)

 

    (I.R.S. Employer Identification No.)

55 East 52nd Street, New York, NY 10055

(Address of Principal Executive Offices)

(Zip Code)

(212) 810-5300

(Registrant’s Telephone Number, Including Area Code)

 

(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange on which registered

Common Stock, $.01 par value

 

BLK

 

New York Stock Exchange

1.250% Notes due 2025

 

BLK25

 

New York Stock Exchange

 

 

 

 

 

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  

Yes

 

X

 

No

 

 

Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).  

Yes

 

X

 

No

 

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

 

Large accelerated filer

 

Accelerated filer

 

Non-accelerated filer

 

Smaller reporting company

 

 

 

 

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes

 

 

 

No

 

X

As of October 31, 2019, there were 154,370,706 shares of the registrant’s common stock outstanding.

 

 


 

BlackRock, Inc.

Index to Form 10-Q

PART I

FINANCIAL INFORMATION

 

 

 

Page

 

 

 

Item 1.

Financial Statements (unaudited)

 

 

 

 

 

Condensed Consolidated Statements of Financial Condition

1

 

 

 

 

Condensed Consolidated Statements of Income

2

 

 

 

 

Condensed Consolidated Statements of Comprehensive Income

3

 

 

 

 

Condensed Consolidated Statements of Changes in Equity

4

 

 

 

 

Condensed Consolidated Statements of Cash Flows

6

 

 

 

 

Notes to Condensed Consolidated Financial Statements

7

 

 

 

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

41

 

 

 

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

73

 

 

 

Item 4.

Controls and Procedures

74

PART II

OTHER INFORMATION

 

Item 1.

Legal Proceedings

75

 

 

 

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

77

 

 

 

Item 6.

Exhibits

78

 

 

 

i


 

PART I – FINANCIAL INFORMATION

Item 1.     Financial Statements

BlackRock, Inc.

Condensed Consolidated Statements of Financial Condition

(unaudited)

 

 

 

September 30,

 

 

December 31,

 

(in millions, except shares and per share data)

 

2019

 

 

2018

 

Assets

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

4,476

 

 

$

6,302

 

Accounts receivable

 

 

3,026

 

 

 

2,657

 

Investments

 

 

2,117

 

 

 

1,796

 

Assets of consolidated variable interest entities:

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

131

 

 

 

186

 

Investments

 

 

2,898

 

 

 

2,680

 

Other assets

 

 

54

 

 

 

876

 

Separate account assets

 

 

95,501

 

 

 

90,285

 

Separate account collateral held under securities lending agreements

 

 

18,699

 

 

 

20,655

 

Property and equipment (net of accumulated depreciation of $876 and $750 at

   September 30, 2019 and December 31, 2018, respectively)

 

 

669

 

 

 

643

 

Intangible assets (net of accumulated amortization of $313 and $244 at September 30, 2019 and

   December 31, 2018, respectively)

 

 

18,407

 

 

 

17,839

 

Goodwill

 

 

14,552

 

 

 

13,526

 

Other assets

 

 

3,342

 

 

 

2,128

 

Total assets

 

$

163,872

 

 

$

159,573

 

Liabilities

 

 

 

 

 

 

 

 

Accrued compensation and benefits

 

$

1,500

 

 

$

1,988

 

Accounts payable and accrued liabilities

 

 

1,252

 

 

 

1,292

 

Liabilities of consolidated variable interest entities:

 

 

 

 

 

 

 

 

Borrowings

 

 

186

 

 

 

84

 

Other liabilities

 

 

530

 

 

 

1,290

 

Borrowings

 

 

5,932

 

 

 

4,979

 

Separate account liabilities

 

 

95,501

 

 

 

90,285

 

Separate account collateral liabilities under securities lending agreements

 

 

18,699

 

 

 

20,655

 

Deferred income tax liabilities

 

 

3,792

 

 

 

3,571

 

Other liabilities

 

 

2,876

 

 

 

1,889

 

Total liabilities

 

 

130,268

 

 

 

126,033

 

Commitments and contingencies (Note 14)

 

 

 

 

 

 

 

 

Temporary equity

 

 

 

 

 

 

 

 

Redeemable noncontrolling interests

 

 

1,137

 

 

 

1,107

 

Permanent Equity

 

 

 

 

 

 

 

 

BlackRock, Inc. stockholders’ equity

 

 

 

 

 

 

 

 

Common stock, $0.01 par value;

 

 

2

 

 

 

2

 

Shares authorized: 500,000,000 at September 30, 2019 and December 31, 2018;

   Shares issued: 171,252,185 at September 30, 2019 and December 31, 2018;

   Shares outstanding: 154,349,915 and 157,553,501 at September 30, 2019 and

   December 31, 2018, respectively

 

 

 

 

 

 

 

 

Preferred stock (Note 19)

 

 

 

 

 

 

Additional paid-in capital

 

 

19,058

 

 

 

19,168

 

Retained earnings

 

 

20,873

 

 

 

19,282

 

Accumulated other comprehensive loss

 

 

(784

)

 

 

(691

)

Treasury stock, common, at cost (16,902,270 and 13,698,684 shares held at September 30, 2019

    and December 31, 2018, respectively)

 

 

(6,742

)

 

 

(5,387

)

Total BlackRock, Inc. stockholders’ equity

 

 

32,407

 

 

 

32,374

 

Nonredeemable noncontrolling interests

 

 

60

 

 

 

59

 

Total permanent equity

 

 

32,467

 

 

 

32,433

 

Total liabilities, temporary equity and permanent equity

 

$

163,872

 

 

$

159,573

 

 

See accompanying notes to condensed consolidated financial statements.

 

 

1


 

BlackRock, Inc.

Condensed Consolidated Statements of Income

(unaudited)

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

(in millions, except shares and per share data)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment advisory, administration fees and

  securities lending revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Related parties

 

$

2,105

 

 

$

2,045

 

 

$

6,155

 

 

$

6,244

 

Other third parties

 

 

875

 

 

 

838

 

 

 

2,533

 

 

 

2,530

 

Total investment advisory, administration fees and

   securities lending revenue

 

 

2,980

 

 

 

2,883

 

 

 

8,688

 

 

 

8,774

 

Investment advisory performance fees

 

 

121

 

 

 

151

 

 

 

211

 

 

 

312

 

Technology services revenue

 

 

259

 

 

 

200

 

 

 

700

 

 

 

582

 

Distribution fees

 

 

270

 

 

 

279

 

 

 

799

 

 

 

884

 

Advisory and other revenue

 

 

62

 

 

 

63

 

 

 

164

 

 

 

212

 

Total revenue

 

 

3,692

 

 

 

3,576

 

 

 

10,562

 

 

 

10,764

 

Expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee compensation and benefits

 

 

1,111

 

 

 

1,097

 

 

 

3,258

 

 

 

3,300

 

Distribution and servicing costs

 

 

427

 

 

 

408

 

 

 

1,247

 

 

 

1,255

 

Direct fund expense

 

 

239

 

 

 

249

 

 

 

733

 

 

 

774

 

General and administration

 

 

385

 

 

 

413

 

 

 

1,243

 

 

 

1,189

 

Amortization of intangible assets

 

 

28

 

 

 

13

 

 

 

68

 

 

 

35

 

Total expense

 

 

2,190

 

 

 

2,180

 

 

 

6,549

 

 

 

6,553

 

Operating income

 

 

1,502

 

 

 

1,396

 

 

 

4,013

 

 

 

4,211

 

Nonoperating income (expense)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net gain (loss) on investments

 

 

(7

)

 

 

50

 

 

 

224

 

 

 

68

 

Interest and dividend income

 

 

19

 

 

 

29

 

 

 

68

 

 

 

63

 

Interest expense

 

 

(54

)

 

 

(46

)

 

 

(152

)

 

 

(138

)

Total nonoperating income (expense)

 

 

(42

)

 

 

33

 

 

 

140

 

 

 

(7

)

Income before income taxes

 

 

1,460

 

 

 

1,429

 

 

 

4,153

 

 

 

4,204

 

Income tax expense

 

 

341

 

 

 

226

 

 

 

961

 

 

 

829

 

Net income

 

 

1,119

 

 

 

1,203

 

 

 

3,192

 

 

 

3,375

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to noncontrolling

   interests

 

 

 

 

 

(13

)

 

 

17

 

 

 

(3

)

Net income attributable to BlackRock, Inc.

 

$

1,119

 

 

$

1,216

 

 

$

3,175

 

 

$

3,378

 

Earnings per share attributable to BlackRock, Inc.

   common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

7.21

 

 

$

7.59

 

 

$

20.31

 

 

$

21.01

 

Diluted

 

$

7.15

 

 

$

7.54

 

 

$

20.17

 

 

$

20.83

 

Weighted-average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

155,280,877

 

 

 

160,141,506

 

 

 

156,290,212

 

 

 

160,786,768

 

Diluted

 

 

156,447,387

 

 

 

161,378,217

 

 

 

157,385,956

 

 

 

162,140,879

 

 

See accompanying notes to condensed consolidated financial statements.

 

 

2


 

BlackRock, Inc.

Condensed Consolidated Statements of Comprehensive Income

(unaudited)

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

(in millions)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Net income

 

$

1,119

 

 

$

1,203

 

 

$

3,192

 

 

$

3,375

 

Other comprehensive income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustments(1)

 

 

(120

)

 

 

(41

)

 

 

(93

)

 

 

(178

)

Comprehensive income (loss)

 

 

999

 

 

 

1,162

 

 

 

3,099

 

 

 

3,197

 

Less: Comprehensive income (loss) attributable to

     noncontrolling interests

 

 

 

 

 

(13

)

 

 

17

 

 

 

(3

)

Comprehensive income attributable to BlackRock, Inc.

 

$

999

 

 

$

1,175

 

 

$

3,082

 

 

$

3,200

 

 

(1)

Amounts for the three months ended September 30, 2019 and 2018 include gains from a net investment hedge of $25 million (net of tax expense of $8 million) and $4 million (net of tax expense of $1 million), respectively. Amounts for the nine months ended September 30, 2019 and 2018 include gains from a net investment hedge of $28 million (net of tax expense of $9 million) and $22 million (net of tax expense of $7 million), respectively.

See accompanying notes to condensed consolidated financial statements.

 

 

 

3


 

BlackRock, Inc.

Condensed Consolidated Statements of Changes in Equity

(unaudited)

 

For the Nine Months Ended September 30, 2019

(in millions)

Additional

Paid-in

Capital(1)

 

 

Retained

Earnings

 

 

Accumulated

Other

Comprehensive

Income (Loss)

 

 

Treasury

Stock

Common

 

 

Total

BlackRock

Stockholders’

Equity

 

 

Nonredeemable

Noncontrolling

Interests

 

 

Total

Permanent

Equity

 

 

Redeemable

Noncontrolling

Interests /

Temporary

Equity

 

December 31, 2018

$

19,170

 

 

$

19,282

 

 

$

(691

)

 

$

(5,387

)

 

$

32,374

 

 

$

59

 

 

$

32,433

 

 

$

1,107

 

Net income

 

 

 

 

3,175

 

 

 

 

 

 

 

 

 

3,175