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EARNINGS PER SHARE CALCULATIONS (Tables)
 6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Earnings per share reconciliation
The following table presents the reconciliation of net income attributable to T. Rowe Price to net income allocated to our common stockholders and the weighted-average shares that are used in calculating the basic and diluted earnings per share on our common stock. Weighted-average common shares outstanding assuming dilution reflects the potential dilution, determined using the treasury stock method, that could occur if outstanding stock options were exercised and non-participating stock awards vested. No outstanding stock options had an anti-dilutive impact on the diluted earnings per common share calculation in the periods presented.
 Three months endedSix months ended
(in millions)6/30/20216/30/20206/30/20216/30/2020
Net income attributable to T. Rowe Price815.7 $603.0 $1,565.1 $946.1 
Less: net income allocated to outstanding restricted stock and stock unit holders22.2 16.8 42.1 26.2 
Net income allocated to common stockholders$793.5 $586.2 $1,523.0 $919.9 
Weighted-average common shares
Outstanding226.9 227.4 227.3 230.7 
Outstanding assuming dilution229.2 229.5 229.6 233.1