v3.25.4
Segments - Schedule of Financial Data for Reportable Segments (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Total Segment Revenue $ 32,049 $ 26,114 $ 32,644
Total Assets 460,949 377,895  
Asset Management      
Segment Reporting Information [Line Items]      
Interest and other financing costs 143 80 88
Total Segment Revenue 5,000 4,176 3,507
Total Assets 19,548 15,256  
Retirement Services      
Segment Reporting Information [Line Items]      
Other operating expenses (2,278) (2,136) (1,837)
Total Segment Revenue 27,049 21,938 29,137
Total Assets 441,401 362,639  
Management fees      
Segment Reporting Information [Line Items]      
Revenues 2,378 1,899 1,772
Capital solutions fees and other, net      
Segment Reporting Information [Line Items]      
Revenues 1,202 822 623
Operating Segments      
Segment Reporting Information [Line Items]      
Segment Income 6,227 5,558 4,959
Total Segment Revenue 20,209 16,496 13,579
Total Assets 446,675 368,442  
Operating Segments | Asset Management      
Segment Reporting Information [Line Items]      
Fee-related performance fee 266 208 146
Fee-related compensation (1,178) (925) (835)
Other operating expenses (759) (664) (561)
Segment Income 2,528 2,063 1,768
Total Segment Revenue 4,465 3,652 3,164
Total Assets 5,026 2,286  
Operating Segments | Retirement Services      
Segment Reporting Information [Line Items]      
Other operating expenses (447) (458) (481)
Fixed income and other net investment income 13,021 10,805 8,739
Alternative net investment income 1,299 939 864
Strategic capital management fees 131 105 72
Cost of funds (10,083) (7,702) (5,650)
Interest and other financing costs (560) (465) (436)
Segment Income 3,361 3,224 3,108
Total Segment Revenue 14,451 11,849 9,675
Total Assets 430,122 355,683  
Operating Segments | Principal Investing      
Segment Reporting Information [Line Items]      
Other operating expenses (63) (60) (56)
Realized performance fees 1,198 921 742
Realized investment income 95 74 (2)
Principal investing compensation (892) (664) (601)
Segment Income 338 271 83
Total Segment Revenue 1,293 995 740
Total Assets 11,527 10,473  
Operating Segments | Management fees | Asset Management      
Segment Reporting Information [Line Items]      
Revenues 3,391 2,776 2,480
Operating Segments | Capital solutions fees and other, net | Asset Management      
Segment Reporting Information [Line Items]      
Revenues 808 668 538
Segment Reconciling Items      
Segment Reporting Information [Line Items]      
Total Assets 14,274 9,453  
Segment Reconciling Items | Management fees | Retirement Services      
Segment Reporting Information [Line Items]      
Revenues 1,441 1,223 955
Segment Reconciling Items | Retirement Services      
Segment Reporting Information [Line Items]      
Realized performance fees $ 0 $ 30 $ 20