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CONSOLIDATED SPONSORED INVESTMENT PRODUCTS - Statement of Cash Flows (Details) - USD ($) $ in Millions | 6 Months Ended
--- | ---
Jun. 30, 2024 | Jun. 30, 2023
Condensed Cash Flow Statements, Captions [Line Items] |  |
Net cash provided by (used in) operating activities | $ 1,315.0 | $ 906.5
Net cash provided by (used in) investing activities | (93.4) | (135.9)
Net cash provided by (used in) financing activities | (575.5) | (320.0)
Effect of exchange rate changes on cash and cash equivalents of consolidated sponsored investment products | (1.1) | 0.9
Net change in cash and cash equivalents during period | 645.0 | 451.5
Cash and cash equivalents at beginning of period, including $77.2 million at December 31, 2023, and $119.1 million at December 31, 2022, held by consolidated sponsored investment products | 2,143.8 | 1,874.7
Cash and cash equivalents at end of period, including $73.9 million at June 30, 2024, and $76.5 million at June 30, 2023, held by consolidated sponsored investment products | 2,788.8 | 2,326.2
Consolidated T. Rowe Price investment products |  |
Condensed Cash Flow Statements, Captions [Line Items] |  |
Cash and cash equivalents at beginning of period, including $77.2 million at December 31, 2023, and $119.1 million at December 31, 2022, held by consolidated sponsored investment products | 77.2 | 119.1
Cash and cash equivalents at end of period, including $73.9 million at June 30, 2024, and $76.5 million at June 30, 2023, held by consolidated sponsored investment products | 73.9 | 76.5
Reportable entities | Consolidated T. Rowe Price investment products |  |
Condensed Cash Flow Statements, Captions [Line Items] |  |
Net cash provided by (used in) operating activities | (143.6) | (350.7)
Net cash provided by (used in) investing activities | (13.1) | (17.8)
Net cash provided by (used in) financing activities | 154.5 | 325.0
Effect of exchange rate changes on cash and cash equivalents of consolidated sponsored investment products | (1.1) | 0.9
Net change in cash and cash equivalents during period | (3.3) | (42.6)
Cash and cash equivalents at beginning of period, including $77.2 million at December 31, 2023, and $119.1 million at December 31, 2022, held by consolidated sponsored investment products | 77.2 | 119.1
Cash and cash equivalents at end of period, including $73.9 million at June 30, 2024, and $76.5 million at June 30, 2023, held by consolidated sponsored investment products | 73.9 | 76.5
Reportable entities | Voting interest entities |  |
Condensed Cash Flow Statements, Captions [Line Items] |  |
Net cash provided by (used in) operating activities | (111.4) | (77.3)
Net cash provided by (used in) investing activities | (12.4) | (15.5)
Net cash provided by (used in) financing activities | 119.5 | 78.2
Effect of exchange rate changes on cash and cash equivalents of consolidated sponsored investment products | 0.0 | 0.0
Net change in cash and cash equivalents during period | (4.3) | (14.6)
Cash and cash equivalents at beginning of period, including $77.2 million at December 31, 2023, and $119.1 million at December 31, 2022, held by consolidated sponsored investment products | 25.7 | 16.2
Cash and cash equivalents at end of period, including $73.9 million at June 30, 2024, and $76.5 million at June 30, 2023, held by consolidated sponsored investment products | 21.4 | 1.6
Reportable entities | Variable interest entities |  |
Condensed Cash Flow Statements, Captions [Line Items] |  |
Net cash provided by (used in) operating activities | (32.2) | (273.4)
Net cash provided by (used in) investing activities | (0.7) | (2.3)
Net cash provided by (used in) financing activities | 35.0 | 246.8
Effect of exchange rate changes on cash and cash equivalents of consolidated sponsored investment products | (1.1) | 0.9
Net change in cash and cash equivalents during period | 1.0 | (28.0)
Cash and cash equivalents at beginning of period, including $77.2 million at December 31, 2023, and $119.1 million at December 31, 2022, held by consolidated sponsored investment products | 51.5 | 102.9
Cash and cash equivalents at end of period, including $73.9 million at June 30, 2024, and $76.5 million at June 30, 2023, held by consolidated sponsored investment products | $ 52.5 | $ 74.9

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- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-24 + Details
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