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Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Summary of Minimum Noncancelable Payments Contractually Due under Federated's Significant Service Contracts

The following table summarizes minimum noncancelable payments contractually due under Federated's significant service contracts:

		Payments due in
																						After
(in millions)		2020				2021				2022				2023				2024				2024				Total
Purchase Obligations1		$	31.9			$	9.6			$	5.8			$	5.4			$	3.7			$	8.6			$	65.0
Other Obligations		2.7				0.5				0.0				0.0				0.0				0.0				3.2
Total		$	34.6			$	10.1			$	5.8			$	5.4			$	3.7			$	8.6			$	68.2

1 Federated is a party to various contracts pursuant to which it receives certain services, including services for marketing and information technology, access to various fund-related information systems and research databases, trade order transmission and recovery services as well as other services. These contracts contain certain minimum noncancelable payments, cancellation provisions and renewal terms. The contracts require payments through the year 2027. Costs for such services are expensed as incurred.

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No definition available.

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- Definition

Tabular disclosure of unconditional purchase obligations that are not recognized as a liability on the balance sheet, including the nature and significant terms of an unconditional purchase obligation; the amount of the fixed and determinable portion of the obligation as of the date of the latest balance sheet presented in the aggregate and, if determinable, for each of the five succeeding fiscal years; the nature of any variable components of the obligation; the amount purchased under the obligation (for example, the take-or-pay or throughput contract) for the reporting period; and may include the amount of imputed interest necessary to reduce the obligation to present value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-SubTopic 10
-Section 50
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=77896938&loc=d3e25287-109308

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