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CONSOLIDATED SPONSORED INVESTMENT PRODUCTS - Operating Results (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Condensed Income Statements, Captions [Line Items]        
Operating expenses reflected in net operating income $ (1,076.7) $ (844.4) $ (2,130.1) $ (1,830.0)
Income before income taxes 639.7 388.7 1,259.3 1,067.6
Net income (loss) attributable to redeemable non-controlling interests 4.8 (51.8) 25.0 (105.3)
Consolidated T. Rowe Price investment products        
Condensed Income Statements, Captions [Line Items]        
Income before income taxes 20.6 (106.5) 62.4 (210.4)
Net income (loss) attributable to T. Rowe Price Group 15.8 (54.7) 37.4 (105.1)
Net income (loss) attributable to redeemable non-controlling interests 4.8 (51.8) 25.0 (105.3)
Consolidated T. Rowe Price investment products | Reportable entities        
Condensed Income Statements, Captions [Line Items]        
Operating expenses reflected in net operating income (3.4) (1.9) (7.4) (4.4)
Net investment income (loss) reflected in non-operating income (loss) 24.0 (104.6) 69.8 (206.0)
Income before income taxes 20.6 (106.5) 62.4 (210.4)
Voting interest entities        
Condensed Income Statements, Captions [Line Items]        
Income before income taxes 5.0 (8.2) 10.2 (15.0)
Net income (loss) attributable to T. Rowe Price Group 4.4 (5.6) 8.1 (10.3)
Net income (loss) attributable to redeemable non-controlling interests 0.6 (2.6) 2.1 (4.7)
Voting interest entities | Reportable entities        
Condensed Income Statements, Captions [Line Items]        
Operating expenses reflected in net operating income (0.8) (0.1) (2.5) (0.3)
Net investment income (loss) reflected in non-operating income (loss) 5.8 (8.1) 12.7 (14.7)
Income before income taxes 5.0 (8.2) 10.2 (15.0)
Variable interest entities        
Condensed Income Statements, Captions [Line Items]        
Income before income taxes 15.6 (98.3) 52.2 (195.4)
Net income (loss) attributable to T. Rowe Price Group 11.4 (49.1) 29.3 (94.8)
Net income (loss) attributable to redeemable non-controlling interests 4.2 (49.2) 22.9 (100.6)
Variable interest entities | Reportable entities        
Condensed Income Statements, Captions [Line Items]        
Operating expenses reflected in net operating income (2.6) (1.8) (4.9) (4.1)
Net investment income (loss) reflected in non-operating income (loss) 18.2 (96.5) 57.1 (191.3)
Income before income taxes $ 15.6 $ (98.3) $ 52.2 $ (195.4)