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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

ncome before income taxes includes the following components:

			For the Years Ended December 31,
			2022						2021						2020
Income before Income Taxes:
United States			$	(1,480,217)					$	13,160,722					$	5,534,251
Foreign			421,017						487,727						192,444
Total Income before Income Taxes			$	(1,059,200)					$	13,648,449					$	5,726,695

Schedule of Components of Income Tax Expense (Benefit)

The provision (benefit) for income taxes consists of the following:

			For the Years Ended December 31,
			2022						2021						2020
Current
Federal			$	737,737					$	344,052					$	181,838
State and Local			97,074						40,336						29,033
Foreign			94,473						81,370						49,962
Subtotal			929,284						465,758						260,833
Deferred
Federal			(864,234)						793,540						289,700
State and Local			(83,113)						97,063						36,460
Foreign			(17,609)						(3,091)						22,104
Subtotal			(964,956)						887,512						348,264
Total Income Taxes			$	(35,672)					$	1,353,270					$	609,097

Schedule of Effective Income Tax Rate Reconciliation

The following table reconciles the U.S. Federal Statutory Tax Rate to the Effective Income Tax Rate:

			For the Years Ended December 31,
			2022						2021						2020
Statutory U.S. Federal Income Tax Rate			21.0		%				21.0		%				21.0		%
Income not attributable to KKR & Co. Inc. (1)			(25.9)		%				(14.0)		%				(13.9)		%
Foreign Income Taxes			0.2		%				0.3		%				0.8		%
State and Local Income Taxes			(1.3)		%				0.8		%				0.8		%
Compensation Charges not attributable to KKR & Co. Inc.			8.6		%				2.8		%				2.4		%
Change in Valuation Allowance			—		%				—		%				0.4		%
Other			0.8		%				(1.0)		%				(0.9)		%
Effective Income Tax Rate			3.4		%				9.9		%				10.6		%

(1)Represents primarily income attributable to (i) noncontrolling interests for all periods. This item also includes investment income of certain entities and net carried interest of certain general partners of KKR investment funds that were not subject to U.S. federal income taxes prior to the conversion of KKR & Co. L.P. to KKR & Co. Inc.

Schedule of Deferred Tax Assets and Liabilities

A summary of the tax effects of the temporary differences is as follows:

Asset Management			December 31, 2022						December 31, 2021
Deferred Tax Assets
Fund Management Fee Credits			$	185,154					$	98,165
Equity Based Compensation			70,246						34,116
KKR Holdings Unit Exchanges (1)			445,587						449,683
Depreciation and Amortization (2)			185,865						212,063
Operating Lease Liability			80,323						40,101
Net Operating Loss Carryforwards			—						58,764
Other			29,273						37,833
Total Deferred Tax Assets before Valuation Allowance			996,448						930,725
Valuation Allowance			—						(23,082)
Total Deferred Tax Assets			996,448						907,643
Deferred Tax Liabilities
Investment Basis Differences / Net Unrealized Gains & Losses (2)(3)			1,971,093						1,662,353
Indefinite Lived Intangible Asset(4)			532,274						—
Operating Lease Right-of-Use Asset			80,323						40,101
Other			25,729						19,855
Total Deferred Tax Liabilities			2,609,419						1,722,309
Total Deferred Taxes, Net			$	(1,612,971)					$	(814,666)

(1)In connection with exchanges of KKR Holdings Units into common stock of KKR & Co. Inc., KKR records a deferred tax asset associated with an increase in KKR & Co. Inc.'s share of the tax basis of the tangible and intangible assets of KKR Group Partnership. This amount is offset by an adjustment to record amounts due to KKR Holdings and principals under the tax receivable agreement, which is included within Due to Affiliates in the consolidated statements of financial condition. The net impact of these adjustments was recorded as an adjustment to equity at the time of the exchanges.

(2)This deferred tax item includes a portion of the tax benefit KKR recognized as a result of the step-up in tax basis generated by the conversion of KKR & Co. L.P. to KKR & Co. Inc.

(3)This deferred tax item includes a portion of the tax liability KKR recognized as a result of the Reorganization Mergers. See Note 1 "Organization".

(4)In connection with the acquisition of KJRM, the Company recognized a deferred tax liability resulting from the difference in the book and tax basis of the indefinite lived intangibles as of the acquisition date. See Note 3 "Acquisitions".

Insurance			December 31, 2022						December 31, 2021
Deferred Tax Assets
Insurance Reserves			$	923,450					$	1,993,496
Insurance Intangibles			300,147						168,054
Net Operating Loss and Capital Loss Carryforwards			69,566						15,857
Insurance Investment Basis Differences, Including Derivatives			1,599,012						—
Other			31,369						75,000
Total Deferred Tax Assets before Valuation Allowance			2,923,544						2,252,407
Valuation Allowance			(89,250)						—
Total Deferred Tax Assets			2,834,294						2,252,407
Deferred Tax Liabilities
Insurance Loss Reserve Adjustment			83,894						111,910
Insurance Investment Basis Differences, Including Derivatives			—						1,384,621
Other			23,209						—
Total Deferred Tax Liabilities			107,103						1,496,531
Total Deferred Taxes, Net			$	2,727,191					$	755,876

Summary of Income Tax Contingencies

At December 31, 2022, 2021 and 2020, KKR's unrecognized tax benefits relating to uncertain tax positions, excluding related interest and penalties, consisted of the following:

			For the Years Ended December 31,
			2022						2021						2020
Unrecognized Tax Benefits, beginning of period			$	59,633					$	60,712					$	53,372
Gross increases in tax positions in prior periods			5,169						—						—
Gross decreases in tax positions in prior periods			(8,414)						(2,009)						(125)
Gross increases in tax positions in current period			6,261						2,671						7,700
Lapse of statute of limitations			(551)						(1,741)						(235)
Settlements with taxing authorities			(21,090)						—						—
Unrecognized Tax Benefits, end of period			$	41,008					$	59,633					$	60,712

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

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