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EARNINGS PER SHARE CALCULATIONS (Tables) | 6 Months Ended
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Jun. 30, 2023
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 ended |  | Six months ended
(in millions) | 6/30/2023 |  | 6/30/2022 |  | 6/30/2023 |  | 6/30/2022
Net income attributable to T. Rowe Price | $ | 476.4 |  |  | $ | 339.6 |  |  | $ | 897.9 |  |  | $ | 907.5 |
Less: net income allocated to outstanding restricted stock and stock unit holders | 11.6 |  |  | 7.4 |  |  | 22.1 |  |  | 20.4 |
Net income allocated to common stockholders | $ | 464.8 |  |  | $ | 332.2 |  |  | $ | 875.8 |  |  | $ | 887.1 |
Weighted-average common shares |  |  |  |  |  |  |
Outstanding | 224.4 |  |  | 226.7 |  |  | 224.4 |  |  | 227.5 |
Outstanding assuming dilution | 225.2 |  |  | 227.9 |  |  | 225.2 |  |  | 228.8 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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