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UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Restricted stock units [Member]
Common stock [Member]
Common stock [Member]
Restricted stock units [Member]
Additional capital in excess of par value [Member]
Additional capital in excess of par value [Member]
Restricted stock units [Member]
Retained earnings [Member]
Accumulated other comprehensive income (loss) [Member]
[2]
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cumulative effect adjustment upon adoption of new accounting guidance on January 1, 2018 | Accounting standards update 2016-01 [Member] $ 14.5           $ 22.4 [1] $ (7.9) [1]
Cumulative effect adjustment upon adoption of new accounting guidance on January 1, 2018 | Accounting standards update 2018-02, currency translation adjustments [Member]             2.3 (2.3)
Balances, As Adjusted 5,838.9   $ 49.0   $ 846.1   4,957.6 (13.8)
Balances (in shares) at Dec. 31, 2017     245,111,000          
Beginning Balance at Dec. 31, 2017 5,824.4   $ 49.0   846.1   4,932.9 (3.6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 453.7           453.7  
Other comprehensive income (loss), net of tax 7.4             7.4
Dividends declared (174.9)           (174.9)  
Common stock-based compensation plans activity                
Shares issued upon option exercises (shares)     1,103,000          
Shares issued upon option exercises 45.1   $ 0.2   44.9      
Net shares issued upon vesting of restricted stock units (in shares)       6,000        
Net shares issued upon vesting of restricted stock units   $ (0.4)   $ 0.0   $ (0.4)    
Forfeiture of restricted awards (shares)     (4,000)          
Forfeiture of restricted awards     $ 0.0   0.0      
Stock-based compensation expense 45.6       45.6      
Restricted stock units issued as dividend equivalents 0.0       0.1   (0.1)  
Common shares repurchased (shares)     (2,934,000)          
Common shares repurchased (313.5)   $ (0.5)   (281.7)   (31.3)  
Balances (in shares) at Mar. 31, 2018     243,282,000          
Ending Balance at Mar. 31, 2018 5,901.9   $ 48.7   654.6   5,205.0 (6.4)
Beginning balances attributable to redeemable non-controlling interests at Dec. 31, 2017 992.8              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Net income (loss) attributable to redeemable non-controlling interests 1.8              
Other comprehensive income (loss), net of tax, attributable to redeemable non-controlling interests 7.0              
Net subscriptions into consolidated T. Rowe Price investment products 177.8              
Net reconsolidations of T. Rowe Price investment products (632.9)              
Ending balances attributable to redeemable non-controlling interests at Mar. 31, 2018 546.5              
Balances (in shares) at Dec. 31, 2018     238,069,000          
Beginning Balance at Dec. 31, 2018 6,124.3   $ 47.6   654.6   5,464.1 (42.0)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 512.6           512.6  
Other comprehensive income (loss), net of tax 0.4             0.4
Dividends declared $ (183.8)           (183.8)  
Common stock-based compensation plans activity                
Shares issued upon option exercises (shares) 972,655   830,000          
Shares issued upon option exercises $ 45.0   $ 0.2   44.8      
Net shares issued upon vesting of restricted stock units (in shares)       14,000        
Net shares issued upon vesting of restricted stock units   $ (1.2)   $ 0.0   $ (1.2)    
Forfeiture of restricted awards (shares)     (5,000)          
Forfeiture of restricted awards     $ 0.0   0.0      
Stock-based compensation expense 43.5       43.5      
Common shares repurchased (shares)     (2,476,000)          
Common shares repurchased (229.8)   $ (0.5)   (87.2)   (142.1)  
Balances (in shares) at Mar. 31, 2019     236,432,000          
Ending Balance at Mar. 31, 2019 6,311.0   $ 47.3   $ 654.5   $ 5,650.8 $ (41.6)
Beginning balances attributable to redeemable non-controlling interests at Dec. 31, 2018 740.3              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Net income (loss) attributable to redeemable non-controlling interests 41.4              
Other comprehensive income (loss), net of tax, attributable to redeemable non-controlling interests (1.3)              
Net subscriptions into consolidated T. Rowe Price investment products 85.9              
Net reconsolidations of T. Rowe Price investment products 20.4              
Ending balances attributable to redeemable non-controlling interests at Mar. 31, 2019 $ 886.7              
[1] ncludes the reclassification of $1.7 million of stranded income taxes on certain investments resulting from U.S. tax law changes enacted on December 22, 2017, from accumulated other comprehensive income to retained earnings.
[2] Accumulated other comprehensive income.