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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net income $ 554.0 $ 455.5
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation and amortization of property and equipment 41.9 36.9
Stock-based compensation expense 43.5 45.6
Net gains recognized on investments (82.0) (2.6)
Net investments in T. Rowe Price investment products used to economically hedge supplemental savings plan liability (18.2) (12.9)
Net change in securities held by consolidated T. Rowe Price investment products (184.2) (189.4)
Other changes in assets and liabilities 223.7 187.9
Net cash provided by operating activities 578.7 521.0
Cash flows from investing activities    
Purchases of T. Rowe Price investment products (15.6) (500.6)
Dispositions T. Rowe Price investment products 33.5 37.2
Net cash of T. Rowe Price investment products on consolidation (deconsolidation) (3.4) (21.5)
Additions to property and equipment (47.7) (36.7)
Other investing activity (0.6) 1.8
Net cash used in investing activities (33.8) (519.8)
Cash flows from financing activities    
Repurchases of common stock (231.0) (291.3)
Common share issuances under stock-based compensation plans 43.6 46.2
Dividends paid to common stockholders of T. Rowe Price Group (184.6) (174.8)
Net subscriptions received from redeemable non-controlling interest holders 66.0 177.8
Net cash used in financing activities (306.0) (242.1)
Effect of exchange rate changes on cash and cash equivalents of consolidated T. Rowe Price investment products (0.7) 1.3
Net change in cash and cash equivalents during period 238.2 (239.6)
Cash and cash equivalents at beginning of period 1,495.3 2,005.8
Cash and cash equivalents at end of period $ 1,733.5 $ 1,766.2