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Offsetting of Assets And Liabilities | 3 Months Ended
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Mar. 31, 2024
Offsetting of Assets and Liabilities | 10. Offsetting of Assets and Liabilities The following tables present the offsetting of assets and liabilities as of March 31, 2024 and December 31, 2023:
|  | March 31, 2024
|  | Gross and Net |  |  |  |  |  |
|  | Amounts of |  | Gross Amounts Not Offset |  |
|  | Assets Presented |  | in the Statement of |  |
|  | in the Statement |  | Financial Condition |  |
|  | of Financial |  | Financial |  | Cash Collateral |  |
|  | Condition |  | Instruments (a) |  | Received |  | Net Amount
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Freestanding Derivatives |  | $ | 190,464 |  |  | $ | 124,134 |  |  | $ | 55,854 |  |  | $ | 10,476 |
|  | March 31, 2024
|  | Gross and Net |  |  |  |  |  |
|  | Amounts of |  |  |  |  |  |
|  | Liabilities |  | Gross Amounts Not Offset |  |
|  | Presented in the |  | in the Statement of |  |
|  | Statement of |  | Financial Condition |  |
|  | Financial |  | Financial |  | Cash Collateral |  |
|  | Condition |  | Instruments (a) |  | Pledged |  | Net Amount
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Freestanding Derivatives |  | $ | 97,974 |  |  | $ | 97,300 |  |  | $ | 8 |  |  | $ | 666 |
|  | December 31, 2023
|  | Gross and Net |  |  |  |  |  |
|  | Amounts of |  | Gross Amounts Not Offset |  |
|  | Assets Presented |  | in the Statement of |  |
|  | in the Statement |  | Financial Condition |  |
|  | of Financial |  | Financial |  | Cash Collateral |  |
|  | Condition |  | Instruments (a) |  | Received |  | Net Amount
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Freestanding Derivatives |  | $ | 190,079 |  |  | $ | 107,330 |  |  | $ | 49,532 |  |  | $ | 33,217 |
|  | December 31, 2023
|  | Gross and Net |  |  |  |  |  |
|  | Amounts of |  |  |  |  |  |
|  | Liabilities |  | Gross Amounts Not Offset |  |
|  | Presented in the |  | in the Statement of |  |
|  | Statement of |  | Financial Condition |  |
|  | Financial |  | Financial |  | Cash Collateral |  |
|  | Condition |  | Instruments (a) |  | Pledged |  | Net Amount
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Freestanding Derivatives |  | $ | 90,635 |  |  | $ | 87,777 |  |  | $ | 625 |  |  | $ | 2,233 |
(a) | Amounts presented are inclusive of both legally enforceable master netting agreements, and financial instruments received or pledged as collateral. Financial instruments received or pledged as collateral offset derivative counterparty risk exposure, but do not reduce net balance sheet exposure.
Freestanding Derivative liabilities are included in Accounts Payable, Accrued Expenses and Other Liabilities in the Condensed Consolidated Statements of Financial Condition. Freestanding Derivative assets are included in Other Assets in the Condensed Consolidated Statements of Financial Condition. The following table presents the components of Other Assets:
|  | March 31, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Furniture, Equipment and Leasehold Improvements |  | $ | 952,577 |  |  | $ | 937,355 |
Less: Accumulated Depreciation |  |  | (417,903 | ) |  |  | (394,602 | )
Furniture, Equipment and Leasehold Improvements, Net |  |  | 534,674 |  |  |  | 542,753 |
Prepaid Expenses |  |  | 314,873 |  |  |  | 207,886 |
Freestanding Derivatives |  |  | 163,664 |  |  |  | 170,890 |
Other |  |  | 59,416 |  |  |  | 23,319 |
|  | $ | 1,072,627 |  |  | $ | 944,848 |
Notional Pooling Arrangements Blackstone has notional cash pooling arrangements with financial institutions for cash management purposes. These arrangements allow for cash withdrawals based upon aggregate cash balances on deposit at the same financial institution. Cash withdrawals cannot exceed aggregate cash balances on deposit. The net balance of cash on deposit and overdrafts is used as a basis for calculating net interest expense or income. As of March 31, 2024, the aggregate cash balance on deposit relating to the cash pooling arrangements was $995.3 million, which was offset and reported net of the accompanying overdraft of $959.3 million.

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- Definition The entire disclosure for offsetting the entity's assets and liabilities, including but not limited to the gross and net amounts presented in the statement of financial condition and amounts not offset in the statement of financial condition. + References No definition available. + Details
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