XML 63 R47.htm IDEA: XBRL DOCUMENT
v3.20.4

Commitments and Contingencies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract] |
Schedule of Minimum Noncancelable Payments Contractually Due under Federated's Significant Service Contracts | The following table summarizes minimum noncancelable payments contractually due under Federated Hermes' significant service contracts:
|  | Payments due in |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  | After |  |
(in millions) |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2025 |  | Total
Purchase Obligations 1 |  | $ | 33.3 |  |  | $ | 10.8 |  |  | $ | 6.6 |  |  | $ | 4.1 |  |  | $ | 2.8 |  |  | $ | 5.8 |  |  | $ | 63.4 |
Other Obligations |  | 2.5 |  |  | 0.5 |  |  | 0.2 |  |  | 0.0 |  |  | 0.0 |  |  | 0.0 |  |  | 3.2 |
Total |  | $ | 35.8 |  |  | $ | 11.3 |  |  | $ | 6.8 |  |  | $ | 4.1 |  |  | $ | 2.8 |  |  | $ | 5.8 |  |  | $ | 66.6 |
1 Federated Hermes 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.

X
- References No definition available. + Details
Name: | us-gaap_CommitmentsAndContingenciesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of unconditional purchase obligation not recognized as liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121559207&loc=d3e25336-109308 + Details
Name: | us-gaap_UnrecordedUnconditionalPurchaseObligationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration