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CONSOLIDATED SPONSORED INVESTMENT PRODUCTS - Operating Results (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Condensed Income Statements, Captions [Line Items]      
Operating expenses reflected in net operating income $ (4,114.7) $ (3,961.9) $ (3,461.0)
Income before income taxes 1,948.2 3,994.6 3,242.2
Net income (loss) attributable to redeemable non-controlling interests (108.3) 15.6 150.6
Consolidated T. Rowe Price investment products      
Condensed Income Statements, Captions [Line Items]      
Income before income taxes (211.7) 62.5 235.3
Net income (loss) attributable to T. Rowe Price Group (103.4) 46.9 84.7
Net income (loss) attributable to redeemable non-controlling interests (108.3) 15.6 150.6
Consolidated T. Rowe Price investment products | Reportable entities      
Condensed Income Statements, Captions [Line Items]      
Operating expenses reflected in net operating income (8.2) (12.2) (16.4)
Net gains (losses) reflected in non-operating income (203.5) 74.7 251.7
Income before income taxes (211.7) 62.5 235.3
VOE      
Condensed Income Statements, Captions [Line Items]      
Income before income taxes (13.9) 17.4 11.6
Net income (loss) attributable to T. Rowe Price Group (9.5) 11.4 11.6
Net income (loss) attributable to redeemable non-controlling interests (4.4) 6.0 0.0
VOE | Reportable entities      
Condensed Income Statements, Captions [Line Items]      
Operating expenses reflected in net operating income (0.5) (0.6) (1.6)
Net gains (losses) reflected in non-operating income (13.4) 18.0 13.2
Income before income taxes (13.9) 17.4 11.6
VIE      
Condensed Income Statements, Captions [Line Items]      
Income before income taxes (197.8) 45.1 223.7
Net income (loss) attributable to T. Rowe Price Group (93.9) 35.5 73.1
Net income (loss) attributable to redeemable non-controlling interests (103.9) 9.6 150.6
VIE | Reportable entities      
Condensed Income Statements, Captions [Line Items]      
Operating expenses reflected in net operating income (7.7) (11.6) (14.8)
Net gains (losses) reflected in non-operating income (190.1) 56.7 238.5
Income before income taxes $ (197.8) $ 45.1 $ 223.7