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INVESTMENTS - Investments (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]          
U.S. Treasury note $ 1.0   $ 1.0   $ 1.0
Total 3,330.3   3,330.3   3,250.8
Net unrealized gains (losses) on T. Rowe Price investments product recognized in nonoperating income (4.6) $ 75.5 83.7 $ 53.6  
Gains recognized upon deconsolidation (11.5) 191.6 234.5 106.4  
Reclassification out of accumulated other comprehensive income | Currency translation adjustments          
Schedule of Equity Method Investments [Line Items]          
Gains recognized upon deconsolidation 0.0 0.0 2.6 0.1  
Assets          
Schedule of Equity Method Investments [Line Items]          
Net increase (decrease) in assets, liabilities, and redeemable noncontrolling interest 589.7 (132.2) (727.6) (278.4)  
Liability          
Schedule of Equity Method Investments [Line Items]          
Net increase (decrease) in assets, liabilities, and redeemable noncontrolling interest 7.1 (4.0) (17.1) (7.6)  
Redeemable noncontrolling interest          
Schedule of Equity Method Investments [Line Items]          
Net increase (decrease) in assets, liabilities, and redeemable noncontrolling interest 531.0 $ (44.0) (483.6) $ (106.9)  
Discretionary investments          
Schedule of Equity Method Investments [Line Items]          
Investments held at fair value 1,610.2   1,610.2   1,647.7
Equity method investments 254.1   254.1   242.9
Seed capital          
Schedule of Equity Method Investments [Line Items]          
Investments held at fair value 236.6   236.6   169.5
Equity method investments 164.9   164.9   178.6
Supplemental savings plan liability economic hedges          
Schedule of Equity Method Investments [Line Items]          
Investments held at fair value 795.5   795.5   768.1
Investment partnerships and other investments          
Schedule of Equity Method Investments [Line Items]          
Investments held at fair value 108.6   108.6   95.1
23% investment in UTI Asset Management Company Limited (India)          
Schedule of Equity Method Investments [Line Items]          
Equity method investments $ 156.6   $ 156.6   $ 145.5
Equity method investment (ownership percentage) 23.00%   23.00%   23.00%
Investment partnerships and other investments          
Schedule of Equity Method Investments [Line Items]          
Equity method investments $ 2.8   $ 2.8   $ 2.4