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Accrued Compensation and Benefits | 12 Months Ended
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Dec. 31, 2022
Retirement Benefits [Abstract] |
Accrued Compensation and Benefits | 9. Accrued Compensation and Benefits Accrued compensation and benefits consist of the following:
| As of December 31,
| 2022 |  | 2021
| (Dollars in millions)
Accrued performance allocations and incentive fee-related compensation | $ | 3,625.3 |  |  | $ | 4,087.8 |
Accrued bonuses | 466.6 |  |  | 521.4 |
Employment-based contingent cash consideration(1) | 76.5 |  |  | 6.3 |
Accrued pension liability | 9.5 |  |  | 27.4 |
Other(2) | 143.0 |  |  | 312.1 |
Total | $ | 4,320.9 |  |  | $ | 4,955.0 |
(1) The acquisition of the Carlyle Aviation Partners, Ltd. (“Carlyle Aviation Partners,” formerly known as Apollo Aviation Group) in December 2018 included an earn-out of up to $150.0 million that is payable upon the achievement of certain revenue and earnings performance targets during 2020 through 2025, which is accounted for as compensation expense. See Note 3 to the consolidated financial statements included in the Company’s 2018 Annual Report on Form 10-K for additional information on the Carlyle Aviation Partners acquisition. The Abingworth acquisition included an earn-out of up to $130.0 million. See Note 4 for additional information. (2) Includes $26.7 million and $207.0 million of realized performance allocations and incentive fee-related compensation not yet paid to participants as of December 31, 2022 and 2021, respectively. The following table presents realized and unrealized performance allocations and incentive fee related compensation:
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
| (Dollars in millions)
Realized | $ | 1,026.4 |  |  | $ | 1,414.5 |  |  | $ | 337.2 |
Unrealized | (306.5) |  |  | 1,546.5 |  |  | 441.9 |
Total | $ | 719.9 |  |  | $ | 2,961.0 |  |  | $ | 779.1 |
Certain employees of AlpInvest are covered by defined benefit pension plans sponsored by AlpInvest. As of December 31, 2022 and 2021, the benefit obligation of those pension plans totaled approximately $60.6 million and $96.3 million, respectively. As of December 31, 2022 and 2021, the fair value of the plans’ assets was approximately $51.1 million and $68.9 million, respectively. At December 31, 2022 and 2021, the Company recognized a liability of $9.5 million and $27.4 million, respectively, representing the funded status of the plans, which was included in accrued compensation and benefits in the accompanying consolidated financial statements. For the years ended December 31, 2022, 2021 and 2020, the net periodic benefit cost recognized was $4.1 million, $6.1 million and $5.5 million, respectively, which is included in cash-based compensation and benefits expense (for the service cost component) and other non-operating expenses (for non-service cost components) in the accompanying consolidated financial statements. No other employees of the Company are covered by defined benefit pension plans.

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- Definition The entire disclosure of an entity's employee compensation and benefit plans, excluding share-based compensation and including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, life insurance, severance, health care, unemployment and other benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 712 -URI https://asc.fasb.org/topic&trid=2197446 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI https://asc.fasb.org/topic&trid=2235017 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 710 -URI https://asc.fasb.org/topic&trid=2127225 + Details
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