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OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME.
 12 Months Ended
Dec. 31, 2018
Stockholders' Equity Note [Abstract]  
OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME
OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME.

The following table presents the impact of the components of other comprehensive income or loss on deferred tax benefits (income taxes).
 
(in millions)
2018
 
2017
 
2016
Net deferred tax benefits (income taxes) on:
 
 
 
 
 
Currency translation adjustments
$
8.3

 
$
(18.5
)
 
$
3.5

Reclassification adjustment recognized in the provision for income taxes upon deconsolidation of T. Rowe Price investment product
.9

 
—

 
.8

Total deferred tax benefits (income taxes) on currency translation adjustments
9.2

 
(18.5
)
 
4.3

Net unrealized holding gains or losses(1)
—

 
(14.6
)
 
.6

Reclassification adjustments recognized in the provision for income taxes:
 
 
 
 
 
Capital gain distributions
—

 
1.4

 
2.4

Net gains realized on dispositions
—

 
32.5

 
20.9

Net gains recognized upon transfer to trading investments
—

 
9.2

 
—

Net deferred tax benefits (income taxes) on net unrealized holding gains or losses
—

 
28.5

 
23.9

Total net deferred tax benefits
$
9.2

 
$
10.0

 
$
28.2


(1) On January 1, 2018, we implemented new accounting guidance that eliminated the available-for-sale investment category for equity securities and required unrealized holding gains on equity securities to be recognized in the consolidated income statement. Prior to this guidance, unrealized holding gains for available-for-sale equity securities were recognized in accumulated other comprehensive income and reclassified to the consolidated income statement upon sale of the investment. As a result of this change, reclassification of unrealized holding gains from accumulated other comprehensive income did not occur in 2018. Refer to Note 1 for more information.


The changes in each component of accumulated other comprehensive income (loss), including reclassification are presented below.
 
 
Currency translation adjustments
 
 
 
 
(in millions)
 
Equity method investments
 
Consolidated T. Rowe Price investment products - variable interest entities
 
Total currency translation adjustments
 
Net unrealized holding gains
 
Total
Balances at December 31, 2015
 
$
(30.9
)
 
$
(2.8
)
 
$
(33.7
)
 
$
120.3

 
$
86.6

Reclassification of accumulated other comprehensive income to retained earnings upon adoption of the new consolidation accounting guidance
 
(.5
)
 
—

 
(.5
)
 
(32.0
)
 
(32.5
)
Balance at January 1, 2016
 
(31.4
)
 
(2.8
)
 
(34.2
)
 
88.3

 
54.1

Other comprehensive income (loss) before reclassifications and income taxes
 
(1.6
)
 
(7.0
)
 
(8.6
)
 
(7.0
)
 
(15.6
)
Reclassification adjustments recognized in non-operating income
 
—

 
(2.2
)
 
(2.2
)
 
(53.0
)
 
(55.2
)
 
 
(1.6
)
 
(9.2
)
 
(10.8
)
 
(60.0
)
 
(70.8
)
Net deferred tax benefits (income taxes)
 
.7

 
3.6

 
4.3

 
23.9

 
28.2

Other comprehensive income (loss)
 
(.9
)
 
(5.6
)
 
(6.5
)
 
(36.1
)
 
(42.6
)
Balances at December 31, 2016
 
(32.3
)
 
(8.4
)
 
(40.7
)
 
52.2

 
11.5

Other comprehensive income (loss) before reclassifications and income taxes
 
2.6

 
45.2

 
47.8

 
37.4

 
85.2

Reclassification adjustments recognized in non-operating income
 
—

 
(.1
)
 
(.1
)
 
(110.2
)
 
(110.3
)
 
 
2.6

 
45.1

 
47.7

 
(72.8
)
 
(25.1
)
Net deferred tax benefits (income taxes)
 
(.9
)
 
(17.6
)
 
(18.5
)
 
28.5

 
10.0

Other comprehensive income (loss)
 
1.7

 
27.5

 
29.2

 
(44.3
)
 
(15.1
)
Balances at December 31, 2017
 
(30.6
)
 
19.1

 
(11.5
)
 
7.9

 
(3.6
)
Reclassification of unrealized holding gains to retained earnings upon adoption of new financial instruments guidance(1)(2)
 
—

 
—

 
—

 
(7.9
)
 
(7.9
)
Reclassification adjustment of stranded tax benefits on currency translation adjustments upon adoption of new accumulated other comprehensive income guidance
 
(6.4
)
 
4.1

 
(2.3
)
 
—

 
(2.3
)
Balance at January 1, 2018
 
(37.0
)
 
23.2

 
(13.8
)
 
—

 
(13.8
)
Other comprehensive income (loss) before reclassifications and income taxes
 
(15.2
)
 
(18.6
)
 
(33.8
)
 
—

 
(33.8
)
Reclassification adjustments recognized in non-operating income
 
—

 
(3.6
)
 
(3.6
)
 
—

 
(3.6
)
 
 
(15.2
)
 
(22.2
)
 
(37.4
)
 
—

 
(37.4
)
Net deferred tax benefits (income taxes)
 
3.4

 
5.8

 
9.2

 
—

 
9.2

Other comprehensive income (loss)
 
(11.8
)
 
(16.4
)
 
(28.2
)
 
—

 
(28.2
)
Balances at December 31, 2018
 
$
(48.8
)
 
$
6.8

 
$
(42.0
)
 
$
—

 
$
(42.0
)

(1) On January 1, 2018, we implemented new accounting guidance that eliminated the available-for-sale investment category for equity securities and required unrealized holding gains on most equity securities to be recognized in the consolidated income statement. Prior to this guidance, unrealized holding gains for available-for-sale equity securities were recognized in accumulated other comprehensive income. Upon adoption, we reclassified the accumulated net of tax unrealized holding gain related to our available-for-sale investment portfolio from accumulated other comprehensive income to retained earnings. Refer to Note 1 for more information.
(2) Includes the reclassification of $1.7 million of stranded income taxes on available-for-sale investments resulting from U.S. tax law changes enacted on December 22, 2017, from accumulated other comprehensive income to retained earnings.