XML 154 R103.htm IDEA: XBRL DOCUMENT v3.25.2
Segment Reporting - Reconciliation of Income Before Provision for Income Taxes (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Income (loss) before provision for income taxes $ 440.6 $ 218.8 $ 611.6 $ 339.5
Adjustments:        
Unrealized principal investment (income) loss (694.0) (286.3) (853.8) (202.4)
Net income attributable to non-controlling interests in consolidated entities 8.4 1.1 37.0 34.3
(=) Distributable Earnings 440.6 218.8 611.6 339.5
Total Reportable Segments        
Adjustments:        
Net unrealized performance and fee related performance revenues (124.3) (15.2) (34.3) 178.0
(=) Distributable Earnings 431.0 343.2 886.4 774.5
Fee Related Earnings 323.3 273.0 633.9 539.3
Total Reportable Segments | Global Segments        
Adjustments:        
(=) Distributable Earnings 431.0 343.2 886.4 774.5
Realized principal investment income (loss) 33.5 26.6 63.5 60.3
Net interest 13.5 12.1 26.1 22.8
Fee Related Earnings 323.3 273.0 633.9 539.3
Reconciling Items        
Adjustments:        
Equity-based compensation 96.4 127.4 201.1 238.4
Acquisition or disposition-related charges, including amortization of intangibles and impairment 48.3 33.3 170.5 66.1
Tax (expense) benefit associated with certain foreign performance revenues (0.1) (0.2) (0.1) (1.2)
Net income attributable to non-controlling interests in consolidated entities (8.4) (1.1) (37.0) (34.3)
Other adjustments 4.0 28.3 17.1 40.5
(=) Distributable Earnings (21.7) (120.4) (314.8) (449.4)
Unrealized principal investment income (loss) | Reconciling Items        
Adjustments:        
Unrealized principal investment (income) loss (25.5) (48.1) (42.5) (52.5)
Performance allocations        
Adjustments:        
Unrealized principal investment (income) loss (638.8) (198.2) (861.7) (41.2)
Realized performance revenues, net of related compensation 195.2 54.0 246.7 (30.2)
Performance allocations | Total Reportable Segments | Global Segments        
Adjustments:        
Realized performance revenues, net of related compensation $ 87.7 $ 55.7 $ 215.1 $ 197.7