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EARNINGS PER SHARE CALCULATIONS (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Earnings Per Share [Abstract]    
Stock options with anti-diluted impact (in shares) 0 0
Net income attributable to T. Rowe Price $ 573.8 $ 421.5
Less: net income allocated to outstanding restricted stock and stock unit holders (basic) 15.8 10.5
Less: net income allocated to outstanding restricted stock and stock unit holders (diluted) 15.8 10.5
Net income allocated to common stockholders (basic) 558.0 411.0
Net income allocated to common stockholders (diluted) $ 558.0 $ 411.0
Weighted-average common shares    
Outstanding (in shares) 223,600,000 224,400,000
Outstanding assuming dilution (in shares) 224,200,000 225,200,000