XML 50 R21.htm IDEA: XBRL DOCUMENT v3.22.4

FAIR VALUE OPTION

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

FAIR VALUE OPTION

FAIR VALUE OPTION

The following table summarizes the financial instruments for which the fair value option has been elected:

			December 31, 2022						December 31, 2021
Assets
Asset Management
Credit			$	1,121,775					$	2,019,229
Investments of Consolidated CFEs			22,492,366						22,076,809
Real Assets			202,153						182,858
Equity Method - Other			2,943,387						1,601,515
Other Investments			88,046						197,675
Total Asset Management			$	26,847,727					$	26,078,086
Insurance
Mortgage and other loan receivables			$	787,515					$	832,674
Other investments			335,168						147,811
Reinsurance recoverable			981,775						1,293,791
Total Insurance			$	2,104,458					$	2,274,276
Total Assets			$	28,952,185					$	28,352,362
Liabilities
Asset Management
Debt Obligations of Consolidated CFEs			$	22,273,242					$	21,271,084
Total Asset Management			$	22,273,242					$	21,271,084
Insurance
Policy liabilities			$	1,410,951					$	1,869,678
Total Insurance			$	1,410,951					$	1,869,678
Total Liabilities			$	23,684,193					$	23,140,762

The following table presents the net realized and unrealized gains (losses) on financial instruments for which the fair value option was elected:

																														For the Year Ended December 31, 2022
																																										Net Realized Gains (Losses)						Net Unrealized Gains (Losses)						Total
Assets
Asset Management
Credit																																										$	(103,860)					$	(9,326)					$	(113,186)
Investments of Consolidated CFEs																																										(69,234)						(1,437,482)						(1,506,716)
Real Assets																																										85						19,295						19,380
Equity Method - Other																																										(14,891)						(201,935)						(216,826)
Other Investments																																										6,657						(9,927)						(3,270)
Total Asset Management																																										$	(181,243)					$	(1,639,375)					$	(1,820,618)
Insurance
Mortgage and other loan receivables																																										$	—					$	(96,569)					$	(96,569)
Other investments																																										—						153,109						153,109
Total Insurance																																										$	—					$	56,540					$	56,540
Total Assets																																										$	(181,243)					$	(1,582,835)					$	(1,764,078)
Liabilities
Asset Management
Debt Obligations of Consolidated CFEs																																										$	(785)					$	1,175,161					$	1,174,376
Total Asset Management																																										$	(785)					$	1,175,161					$	1,174,376
Insurance
Policy liabilities																																										$	—					$	120,596					$	120,596
Total Insurance																																										$	—					$	120,596					$	120,596
Total Liabilities																																										$	(785)					$	1,295,757					$	1,294,972
																																										For the Year Ended December 31, 2021
																																										Net Realized Gains (Losses)						Net Unrealized Gains (Losses)						Total
Assets
Asset Management
Credit																																										$	43,227					$	19,833					$	63,060
Investments of Consolidated CFEs																																										62,075						134,174						196,249
Real Assets																																										(1,133)						16,375						15,242
Equity Method - Other																																										404,513						(90,867)						313,646
Other Investments																																										15,816						26,639						42,455
Total Asset Management																																										$	524,498					$	106,154					$	630,652
Insurance
Mortgage and other loan receivables																																										$	—					$	(2,257)					$	(2,257)
Other investments																																										—						490,607						490,607
Total Insurance																																										$	—					$	488,350					$	488,350
Total Assets																																										$	524,498					$	594,504					$	1,119,002
Liabilities
Asset Management
Debt Obligations of Consolidated CFEs																																										$	47,179					$	(72,376)					(25,197)
Total Asset Management																																										$	47,179					$	(72,376)					$	(25,197)
Insurance
Policy liabilities																																										$	—					$	122,738					$	122,738
Total Insurance																																										$	—					$	122,738					$	122,738
Total Liabilities																																										$	47,179					$	50,362					$	97,541

																																										For the Year Ended December 31, 2020
																																										Net Realized Gains (Losses)						Net Unrealized Gains (Losses)						Total
Assets
Asset Management
Credit																																										$	18,672					$	(14,743)					$	3,929
Investments of Consolidated CFEs																																										(188,506)						102,798						(85,708)
Real Assets																																										281						(11,545)						(11,264)
Equity Method - Other																																										(71,214)						331,062						259,848
Other Investments																																										(61,001)						56,437						(4,564)
Total Asset Management																																										$	(301,768)					$	464,009					$	162,241
Insurance
Mortgage and other loan receivables																																										$	—					$	—					$	—
Other investments																																										—						—						—
Total Insurance																																										$	—					$	—					$	—
Total Assets																																										$	(301,768)					$	464,009					$	162,241
Liabilities
Asset Management
Debt Obligations of Consolidated CFEs																																										$	218					$	(99,721)					(99,503)
Total Asset Management																																										$	218					$	(99,721)					$	(99,503)
Insurance
Policy liabilities																																										$	—					$	—					$	—
Total Insurance																																										$	—					$	—					$	—
Total Liabilities																																										$	218					$	(99,721)					$	(99,503)

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for a company's election to apply the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide. Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) the reasons for electing a fair value option for each eligible item or group of similar eligible items; (b) if the fair value option is elected for some but not all eligible items within a group of similar eligible items: (i) a description of those similar items and the reasons for partial election and (ii) information of how the group of similar items relates to individual balance sheet line items; (c) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected: (i) information of how each line item in the statement of financial position relates to major categories of assets and liabilities presented in accordance with other fair value disclosures and (ii) the aggregate carrying amount of ineligible items included in each line item in the balance sheet, if any; (d) the difference between the aggregate fair value and the aggregate unpaid principal balance (assuming contractual principal amounts and fair value option elected) of: (i) loans and long-term receivables (other than securities otherwise reported at fair value) and (ii) long-term debt instruments; (e) for loans held as assets for which the fair value option has been elected: (i) the aggregate fair value of loans that are 90 days or more past due, (ii) if the policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status, and (iii) the difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both; (f) for investments that would have been accounted for under the equity method if the entity had not chosen to apply the fair value option, the information required for such investments, if material either individually or in the aggregate; (2) for items included in the income statement: (a) the amounts of gains and losses from fair value changes included in earnings and in which line in the income statement those gains and losses are reported whether or not combined with gains and losses from items required to be accounted for at fair value; (b) a description of how interest and dividends are measured and where they are reported in the income statement; (c) for loans and other receivables held as assets: (i) the estimated amount of gains or losses included in earnings attributable to changes in instrument-specific credit risk and (ii) how the gains or losses attributable to changes in instrument-specific credit risk were determined; (d) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk: (i) the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk, (ii) qualitative information about the reasons for those changes, and (iii) how the gains and losses attributable to changes in instrument-specific credit risk were determined; and (3) certain other disclosures as required or determined to be provided.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=123596393&loc=d3e14217-108612

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-URI https://asc.fasb.org/topic&trid=2134543

+ Details

Name:	us-gaap_FairValueOptionTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration