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Variable Interest Entities - Fair Value Option (Details) - Consolidated investment entities - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Sep. 30, 2021
Dec. 31, 2020
Loans      
Unpaid principal balance   $ 2,223 $ 1,990
Excess unpaid principal over fair value   (55) (81)
Fair value   2,168 1,909
Fair value of loans more than 90 days past due   2 5
Fair value of loans in nonaccrual status   5 19
Difference between fair value and unpaid principal of loans more than 90 days past due, loans in nonaccrual status or both   5 24
Debt      
Unpaid principal balance   2,298 2,069
Excess unpaid principal over fair value   (135) (156)
Debt [1]   2,163 1,913
Debt issued $ 817    
CLOs      
Debt      
Debt   $ 2,200 $ 2,000
[1] The carrying value of the CLOs’ debt is set equal to the fair value of the CLOs’ assets. The estimated fair value of the CLOs’ debt was $2.2 billion and $2.0 billion as of September 30, 2021 and December 31, 2020, respectively.