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OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME. (Tables)
 12 Months Ended
Dec. 31, 2020
Stockholders' Equity Note [Abstract]  
Impact of the components of other comprehensive income on deferred tax benefits (income taxes)
The following table presents the impact of the components of other comprehensive income or loss on deferred tax benefits (income taxes).
 
(in millions)202020192018
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 $9.2 
Changes in accumulated other comprehensive income
The changes in each component of accumulated other comprehensive income (loss), including reclassification are presented below.
Currency translation adjustments
(in millions)Equity method investmentsConsolidated T. Rowe Price investment products - variable interest entitiesTotal currency translation adjustmentsNet unrealized holding gains Total
Balances at December 31, 2017$(30.6)$19.1 $(11.5)$7.9 $(3.6)
Reclassification of unrealized holding gains to retained earnings upon adoption of new financial instruments guidance(1)(2)
— — — (7.9)(7.9)
Reclassification adjustment of stranded tax benefits on currency translation adjustments upon adoption of new accumulated other comprehensive income guidance(6.4)4.1 (2.3)— (2.3)
Balance at January 1, 2018(37.0)23.2 (13.8)— (13.8)
Other comprehensive income (loss) before reclassifications and income taxes(15.2)(18.6)(33.8)— (33.8)
Reclassification adjustments recognized in non-operating income— (3.6)(3.6)— (3.6)
(15.2)(22.2)(37.4)— (37.4)
Net deferred tax benefits (income taxes)3.4 5.8 9.2 — 9.2 
Other comprehensive income (loss)(11.8)(16.4)(28.2)— (28.2)
Balances at December 31, 2018(48.8)6.8 (42.0)— (42.0)
Other comprehensive income (loss) before reclassifications and income taxes2.4 (3.8)(1.4)— (1.4)
Reclassification adjustments recognized in non-operating income— (.1)(.1)— (.1)
2.4 (3.9)(1.5)— (1.5)
Net deferred tax benefits (income taxes)(.5)1.0 .5 — .5 
Other comprehensive income (loss)1.9 (2.9)(1.0)— (1.0)
Balances at December 31, 2019(46.9)3.9 (43.0)— (43.0)
Other comprehensive income before reclassifications and income taxes2.1 22.9 25.0 — 25.0 
Reclassification adjustments recognized in non-operating income7.5 (.7)6.8 — 6.8 
9.6 22.2 31.8 — 31.8 
Net deferred tax benefits (income taxes)(6.3)(5.5)(11.8)— (11.8)
Other comprehensive income (loss)3.3 16.7 20.0 — 20.0 
Balances at December 31, 2020$(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.