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ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Assets Acquired and Liabilities Assumed

The following table sets forth the preliminary and revised fair values of the assets acquired and liabilities assumed in connection with the acquisition:

(in millions)						Acquisition date fair value						Adjustments						Revised fair value
Cash and cash equivalents						$	22.1					$	—					$	22.1
Accounts receivable and accrued revenue						122.2						—						122.2
Investments						891.0						—						891.0
Property, equipment and software, net						22.4						—						22.4
Operating lease asset						101.5						—						101.5
Intangible assets						913.4						—						913.4
Goodwill						2,027.5						(50.4)						1,977.1
Other assets						27.2						—						27.2
Total assets						4,127.3						(50.4)						4,076.9
Accounts payable and accrued expenses						$	133.3					$	—					$	133.3
Operating lease liability						114.1						—						114.1
Deferred tax liabilities, included in other assets in the consolidated balance sheet						125.7						(9.6)						116.1
Contingent consideration liability						306.3						(49.3)						257.0
Total liabilities						679.4						(58.9)						620.5
Total identifiable net assets						$	3,447.9					$	8.5					$	3,456.4

Schedule of Pro Forma Information

The following unaudited pro forma summary presents combined results of operations of T. Rowe Price Group, Inc. as if the OHA acquisition had occurred on January 1, 2020.

			Pro forma years ended (unaudited)
(in millions)			12/31/2021			12/31/2020
Revenue			$	8,162		$	6,479
Net income			$	3,016		$	2,241

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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- References

No definition available.

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Data Type:	xbrli:stringItemType
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X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472

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