v3.25.4
SEGMENT REPORTING - Income Before Taxes (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting [Abstract]      
Income Before Taxes $ 2,925 $ 2,546 $ 2,554
Less: Depreciation and amortization 68 14 14
Carried interest allocations (63) 77 (313)
Other income and expenses 274 182 220
Other income, net of consolidated funds (47) 0 0
Interest Expense, Operating 87 22 14
Interest expense of consolidated funds 28 0 0
Interest and Dividend Revenue Received (98) (143) (172)
Interest and dividend revenue of consolidated funds (31) 0 0
Other Revenues (237) (232) (194)
Net income from equity method investments (402) (339) (167)
Segment Earnings from equity method investments 552 433 399
Incentive Distribution (560) (424) (378)
Segment Earnings $ 2,496 $ 2,136 $ 1,977