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Accrued Compensation and Benefits

9 Months Ended

Sep. 30, 2024

Retirement Benefits [Abstract]

Accrued Compensation and Benefits

7. Accrued Compensation and Benefits

Accrued compensation and benefits consist of the following: 

	As of
	September 30, 2024		December 31, 2023
	(Dollars in millions)
Accrued performance allocations and incentive fee related compensation	$4,924.3		$4,255.8
Accrued bonuses	237.6		498.2
Accrued pension liability	10.4		13.1
Other(1)(2)	262.5		155.1
Total	$5,434.8		$4,922.2

(1)Includes $17.0 million and $44.5 million of realized performance allocations and incentive fee related compensation not yet paid to

participants as of September 30, 2024 and December 31, 2023, respectively.

(2)Includes $139.2 million of realized performance allocations related compensation associated with the Company’s updated

compensation program (see Note 2, Summary of Significant Accounting Policies) not yet paid as of September 30, 2024.

The following table presents realized and unrealized performance allocations and incentive fee related compensation: 

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
	(Dollars in millions)
Realized	$196.8		$40.4		$578.5		$337.5
Unrealized	954.2		(94.3)		643.9		(377.9)
Total	$1,151.0		$(53.9)		$1,222.4		$(40.4)

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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
-Topic 710
-Name Accounting Standards Codification
-Publisher FASB
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 712
-Name Accounting Standards Codification
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/715/tableOfContent

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- References

No definition available.

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