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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets of consolidated T. Rowe Price investment products $ 1,603.4 $ 1,962.8
Liabilities of consolidated T. Rowe Price investment products $ 89.1 $ 51.5
Stockholders' equity    
Preferred stock, par value (in dollars per share) $ 0.20 $ 0.20
Preferred stock, shares authorized (in shares) 20,000,000 20,000,000
Common stock, par value (in dollars per share) $ 0.20 $ 0.20
Common stock, shares authorized (in shares) 750,000,000 750,000,000
Common stock, shares issued (in shares) 224,310,000 229,175,000
VIE    
Assets of consolidated T. Rowe Price investment products $ 1,375.6 $ 1,761.5
Liabilities of consolidated T. Rowe Price investment products $ 39.1 $ 36.2