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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)202120222023202420252025Total
Purchase Obligations1
$33.3 $10.8 $6.6 $4.1 $2.8 $5.8 $63.4 
Other Obligations2.5 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.