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v3.24.2

Consolidation - Narrative (Details) | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2024 USD ($) | Mar. 31, 2024 vIE | Jun. 30, 2023 USD ($) | Jun. 30, 2024 USD ($) | Jun. 30, 2023 USD ($) | Dec. 31, 2023 USD ($)
Variable Interest Entities [Line Items] |  |  |  |  |  |
Fee waivers | $ 103,100,000 |  | $ 131,300,000 | $ 211,300,000 | $ 256,500,000 |
Number of VIEs consolidated | vIE |  | 1 |  |  |  |
Variable Interest Entity Not Primary Beneficiary |  |  |  |  |  |
Variable Interest Entities [Line Items] |  |  |  |  |  |
Assets under managed investments | 386,400,000 |  |  | 386,400,000 |  | $ 9,300,000,000
Investments—Affiliates and Other | Variable Interest Entity Not Primary Beneficiary | Affiliates |  |  |  |  |  |
Variable Interest Entities [Line Items] |  |  |  |  |  |
Federated Hermes' maximum risk of loss | 11,100,000 |  |  | 11,100,000 |  |
Cash and Cash Equivalents | Variable Interest Entity Not Primary Beneficiary |  |  |  |  |  |
Variable Interest Entities [Line Items] |  |  |  |  |  |
Federated Hermes' maximum risk of loss |  |  |  |  |  | 133,900,000
Accounts Receivable | Variable Interest Entity Not Primary Beneficiary |  |  |  |  |  |
Variable Interest Entities [Line Items] |  |  |  |  |  |
Federated Hermes' maximum risk of loss | 300,000 |  |  | 300,000 |  | $ 1,100,000
Financial Support, Fee Waivers |  |  |  |  |  |
Variable Interest Entities [Line Items] |  |  |  |  |  |
Money market funds which meet the scope exception of the consolidation guidance | $ 77,400,000 |  | $ 103,400,000 | 158,500,000 | 199,500,000 |
Financial Support, Capital Contributions |  |  |  |  |  |
Variable Interest Entities [Line Items] |  |  |  |  |  |
Money market funds which meet the scope exception of the consolidation guidance |  |  |  | $ 0 | $ 0 |

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