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EARNINGS PER SHARE CALCULATIONS | 3 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
EARNINGS PER SHARE CALCULATIONS | EARNINGS PER SHARE CALCULATIONS. 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 |  |
(in millions) | 3/31/2024 |  | 3/31/2023 |  |  |  |
Net income attributable to T. Rowe Price | $ | 573.8 |  |  | $ | 421.5 |  |  |  |  |
Less: net income allocated to outstanding restricted stock and stock unit holders | 15.8 |  |  | 10.5 |  |  |  |  |
Net income allocated to common stockholders | $ | 558.0 |  |  | $ | 411.0 |  |  |  |  |
Weighted-average common shares |  |  |  |  |  |  |
Outstanding | 223.6 |  |  | 224.4 |  |  |  |  |
Outstanding assuming dilution | 224.2 |  |  | 225.2 |  |  |  |  |

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