CASH EQUIVALENTS (Details) - USD ($) $ in Millions	12 Months Ended
Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restricted Cash and Cash Equivalents Items [Line Items]
Cash equivalent investments in T. Rowe Price money market mutual funds	$ 2,309.8	$ 1,678.1
Money market mutual funds
Restricted Cash and Cash Equivalents Items [Line Items]
Dividends earned on money market mutual funds	$ 128.3	$ 101.3	$ 30.0

Investment in short-term money-market instruments (such as commercial paper, banker's acceptances, repurchase agreements, government securities, certificates of deposit, and so forth) which are highly liquid (that is, readily convertible to known amounts of cash) and so near their maturity that they present an insignificant risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify as cash equivalents by definition. Original maturity means an original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three-years ago does not become a cash equivalent when its remaining maturity is three months.

No definition available.

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