XML 41 R22.htm IDEA: XBRL DOCUMENT
v3.20.4

OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME. | 12 Months Ended
--- | ---
Dec. 31, 2020
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) | 2020 |  | 2019 |  | 2018
Net deferred tax benefits (income taxes) on: |  |  |  |  |
Currency translation adjustments | $ | (10.3) |  |  | $ | .5 |  |  | $ | 8.3 |
Reclassification adjustment recognized upon partial disposition of equity method investment | (1.7) |  |  | — |  |  | — |
Reclassification adjustment recognized in the provision for income taxes upon deconsolidation of T. Rowe Price investment product | .2 |  |  | — |  |  | .9 |
Total net deferred tax benefits | $ | (11.8) |  |  | $ | .5 |  |  | $ | 9.2 |
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, 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) |
Other comprehensive income (loss) before reclassifications and income taxes |  | 2.4 |  |  | (3.8) |  |  | (1.4) |  |  | — |  |  | (1.4) |
Reclassification adjustments recognized in non-operating income |  | — |  |  | (.1) |  |  | (.1) |  |  | — |  |  | (.1) |
|  | 2.4 |  |  | (3.9) |  |  | (1.5) |  |  | — |  |  | (1.5) |
Net deferred tax benefits (income taxes) |  | (.5) |  |  | 1.0 |  |  | .5 |  |  | — |  |  | .5 |
Other comprehensive income (loss) |  | 1.9 |  |  | (2.9) |  |  | (1.0) |  |  | — |  |  | (1.0) |
Balances at December 31, 2019 |  | (46.9) |  |  | 3.9 |  |  | (43.0) |  |  | — |  |  | (43.0) |
Other comprehensive income before reclassifications and income taxes |  | 2.1 |  |  | 22.9 |  |  | 25.0 |  |  | — |  |  | 25.0 |
Reclassification adjustments recognized in non-operating income |  | 7.5 |  |  | (.7) |  |  | 6.8 |  |  | — |  |  | 6.8 |
|  | 9.6 |  |  | 22.2 |  |  | 31.8 |  |  | — |  |  | 31.8 |
Net deferred tax benefits (income taxes) |  | (6.3) |  |  | (5.5) |  |  | (11.8) |  |  | — |  |  | (11.8) |
Other comprehensive income (loss) |  | 3.3 |  |  | 16.7 |  |  | 20.0 |  |  | — |  |  | 20.0 |
Balances at December 31, 2020 |  | $ | (43.6) |  |  | $ | 20.6 |  |  | $ | (23.0) |  |  | $ | — |  |  | $ | (23.0) |
(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. (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.

X
- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration