T. Rowe Price (TROW) 10-K 5 Feb 10 2009 FY Annual report Financial data

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)
In Millions	Dec. 31, 2009	Dec. 31, 2008
ASSETS
Cash and cash equivalents (Notes 1 and 6)	743.3	619.1
Accounts receivable and accrued revenue (Note 2)	246.2	177.3
Investments in sponsored mutual funds (Notes 3 and 6)	677.5	513.5
Debt securities held by savings bank subsidiary (Notes 4 and 6)	182.6	166
Other investments (Notes 5 and 6)	45.7	41.9
Property and equipment (Note 7)	512.8	440.1
Goodwill	665.7	665.7
Other assets (Notes 8 and 9)	136.5	195.8
Total assets	3210.3	2819.4
Liabilities
Accounts payable and accrued expenses (Note 10)	79.9	86.8
Accrued compensation and related costs	53.3	60.7
Income taxes payable (Note 9)	33.6	25.3
Customer deposits at savings bank subsidiary (Note 4)	161.3	157.8
Total liabilities	328.1	330.6
Stockholders' equity (Notes 10, 11, 13 and 14)
Preferred stock, undesignated, $.20 par value - authorized and unissued 20,000,000 shares	0	0
Common stock, $.20 par value - authorized 750,000,000; issued 256,856,000 shares in 2008 and 258,534,000 in 2009	51.7	51.4
Additional capital in excess of par value	488.5	363.7
Retained earnings	2240.1	2086.8
Accumulated other comprehensive income (loss)	101.9	-13.1
Total stockholders' equity	2882.2	2488.8
Total liabilities and stockholders' equity	3210.3	2819.4
Sponsored mutual funds in the U.S. [Member]
ASSETS
Accounts receivable and accrued revenue (Note 2)	130.1	95
Stock and blended asset funds [Member]
ASSETS
Investments in sponsored mutual funds (Notes 3 and 6)	404.3	314.8
Bond funds [Member]
ASSETS
Investments in sponsored mutual funds (Notes 3 and 6)	273.2	198.7

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)
	Dec. 31, 2009	Dec. 31, 2008
Consolidated Balance Sheets (Parenthetical)
Preferred stock, par value per share	0.2	0.2
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	0	0
Common stock, par value per share	0.2	0.2
Common stock, shares authorized	750,000,000	750,000,000
Common stock, shares issued	258,534,000	256,856,000

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, unless otherwise specified	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Revenues
Investment advisory fees (Note 2)	1546.1	$1,761	1879.1
Administrative fees (Note 2)	318.8	353.9	348.1
Investment income of savings bank subsidiary	7	6.4	5.9
Total revenues	1871.9	2121.3	2233.1
Interest expense on savings bank deposits	4.5	5	4.8
Net revenues	1867.4	2116.3	2228.3
Operating expenses
Compensation and related costs (Notes 7, 11 and 14)	773.4	815.6	797.2
Advertising and promotion	73.2	104.1	107.9
Depreciation and amortization of property and equipment	65.2	61.7	53.4
Occupancy and facility costs (Note 7)	102.4	101.8	92.1
Other operating expenses	151.6	184.6	181.3
Total operating expenses	1165.8	1267.8	1231.9
Net operating income	701.6	848.5	996.4
Non-operating investment income (loss)	-12.7	-52.3	80.4
Income before income taxes	688.9	796.2	1076.8
Provision for income taxes (Note 9)	255.3	305.4	406.2
Net income	433.6	490.8	670.6
Earnings per share on common stock (Note 12)
Basic (in dollars per share)	1.69	1.89	2.53
Diluted (in dollars per share)	1.65	1.81	2.4
Sponsored mutual funds in the U.S. [Member]
Revenues
Investment advisory fees (Note 2)	1068.3	1238.8	1353.3
Stock and blended asset funds [Member]
Revenues
Investment advisory fees (Note 2)	843.7	1031.4	1168.7
Bond and money market funds [Member]
Revenues
Investment advisory fees (Note 2)	224.6	207.4	184.6
Other portfolios [Member]
Revenues
Investment advisory fees (Note 2)	477.8	522.2	525.8

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Cash flows from operating activities
Net income	433.6	490.8	670.6
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization of property and equipment	65.2	61.7	53.4
Stock-based compensation expense	89.1	85.5	79.8
Intangible asset amortization	0.5	0.6	0.6
Other than temporary impairments of investments in sponsored mutual funds	36.1	91.3	0.3
Changes in accounts receivable and accrued revenue	-69.3	89.4	-42.7
Changes in payables and accrued liabilities	-15.6	-45.6	23.9
Other changes in assets and liabilities	(4)	-31.9	-27.9
Net cash provided by operating activities	535.6	741.8	758
Cash flows from investing activities
Investments in sponsored mutual funds	-74.3	-97.7	-190.8
Dispositions of sponsored mutual funds	56.6	95.1	15.3
Investments in debt securities held by savings bank subsidiary	-62.3	-73.2	-27.3
Proceeds from debt securities held by savings bank subsidiary	53	31.9	26.1
Other investments made	-7.1	-9.7	-23.1
Proceeds from other investments	1.3	72.6	0.6
Additions to property and equipment	-133.9	-144.1	-145.6
Other investing activity	0	0.1	0.1
Net cash used in investing activities	-166.7	(125)	-344.7
Cash flows from financing activities
Repurchases of common stock	(71)	-614.2	-312.1
Common share issuances under stock-based compensation plans	47.7	31.7	-3.3
Excess tax benefits from share-based compensation plans	32	68.7	94.9
Dividends	-256.9	-312.5	-180.3
Change in savings bank subsidiary deposits	3.5	43.5	-0.4
Net cash used in financing activities	-244.7	-782.8	-401.2
Cash and cash equivalents
Net change during year	124.2	(166)	12.1
At beginning of year	619.1	785.1	733
At end of year	743.3	619.1	785.1

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)
In Millions, except Share data in Thousands	Additional capital in excess of par value [Member]	Retained earnings [Member]	Accumulated other comprehensive income (loss) [Member]	Common stock [Member]	Total
Balances (shares) at Dec. 31, 2006				264,960
Balances at Dec. 31, 2006	247.5	2057.1	69.3	$53	2426.9
Common stock-based compensation plans activity
Shares issued upon option exercises	-3.4			1.1	-2.3
Shares issued upon option exercises (shares)				5,508
Restricted shares issued	-0.5			0	-0.5
Restricted shares issued (shares)				281
Shares issued on vesting of restricted stock units	-0.5			0	-0.5
Shares issued on vesting of restricted stock units (shares)				27
Forfeiture of restricted awards	0			0	0
Forfeiture of restricted awards (shares)				(8)
Net tax benefits	96.9				96.9
Stock-based compensation expense	79.8				79.8
Common shares repurchased	(124)	-195.5		-1.2	-320.7
Common shares repurchased (shares)				(6,163)
Comprehensive income
Net income		670.6			670.6
Net unrealized holding gains			25.7		25.7
Dividends		-198.8			-198.8
Balances at Dec. 31, 2007	295.8	2333.4	95	52.9	2777.1
Balances (shares) at Dec. 31, 2007				264,605
Common stock-based compensation plans activity
Shares issued upon option exercises	31.1			1	32.1
Shares issued upon option exercises (shares)				4,895
Restricted shares issued	-0.3			0.1	-0.2
Restricted shares issued (shares)				270
Shares issued on vesting of restricted stock units	-0.2			0	-0.2
Shares issued on vesting of restricted stock units (shares)				43
Forfeiture of restricted awards	0			0	0
Forfeiture of restricted awards (shares)				(9)
Net tax benefits	70.3				70.3
Stock-based compensation expense	85.5				85.5
Common shares repurchased	-118.5	-488.5		-2.6	-609.6
Common shares repurchased (shares)				(12,948)
Comprehensive income
Net income		490.8			490.8
Net unrealized holding gains			-108.1		-108.1
Dividends		-248.9			-248.9
Balances at Dec. 31, 2008	363.7	2086.8	-13.1	51.4	2488.8
Balances (shares) at Dec. 31, 2008				256,856	256,856
Common stock-based compensation plans activity
Shares issued upon option exercises	48			0.7	48.7
Shares issued upon option exercises (shares)				3,660
Restricted shares issued	-0.7			0.1	-0.6
Restricted shares issued (shares)				257
Shares issued on vesting of restricted stock units	-0.4			0	-0.4
Shares issued on vesting of restricted stock units (shares)				52
Forfeiture of restricted awards	0			0	0
Forfeiture of restricted awards (shares)				(21)
Net tax benefits	31.9				31.9
Stock-based compensation expense	89.1				89.1
Common shares repurchased	-43.1	-23.4		-0.5	(67)
Common shares repurchased (shares)				(2,270)
Comprehensive income
Net income		433.6			433.6
Net unrealized holding gains			115		115
Dividends		-256.9			-256.9
Balances at Dec. 31, 2009	488.5	2240.1	101.9	51.7	2882.2
Balances (shares) at Dec. 31, 2009				258,534	258,534

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	12 Months Ended Dec. 31, 2009
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies [Text Block]	T. Rowe Price Group derives its consolidated revenues and net income primarily from investment advisory services that its subsidiaries provide to individual and institutional investors in the sponsored T. Rowe Price mutual funds and other investment portfolios. We also provide our investment advisory clients with related administrative services, including mutual fund transfer agent, accounting and shareholder services; participant recordkeeping and transfer agent services for defined contribution retirement plans; discount brokerage; and trust services. Investment advisory revenues depend largely on the total value and composition of assets under our management. Accordingly, fluctuations in financial markets and in the composition of assets under management impact our revenues and results of operations. BASIS OF PREPARATION. These consolidated financial statements have been prepared by our management in accordance with accounting principles generally accepted in the United States, which require the use of estimates. Actual results may vary from our estimates. We have modified certain prior-year disclosures to be comparative with and conform to the presentation of our 2009 disclosures. We evaluated all subsequent events through the time that we filed these financial statements with the Securities and Exchange Commission on February 5, 2010, as part of our Annual Report on Form 10-K. Our financial statements include the accounts of all subsidiaries in which we have a majority or controlling interest. All material intercompany accounts and transactions are eliminated in consolidation. We are not the primary beneficiary, and do not consolidate the accounts, of a high-yield collateralized bond obligation (CBO) that held assets of $21 million at December 31, 2009. This variable interest entity is a non-recourse, limited liability company for which we are the collateral manager and receive related investment advisory fees. We recognized the full impairment of ourinvestment in this CBOin 2002and do not expect to recognize any future gains or losses from this investment. CASH EQUIVALENTS. Cash equivalents consist primarily of short-term, highly liquid investments in our sponsored money market mutual funds. The cost of these funds is equivalent to fair value. INVESTMENTS. We value our investments in sponsored mutual funds at the quoted closing net asset values, or NAVs, per share of each mutual fund last reported as of the balance sheet date, and generally classify these holdings as available-for-sale. Our investments in marketable debt securities, including mortgage- and other asset-backed securities held by our savings bank subsidiary, are also classified as available-for-sale and reported at fair value. These debt securities are generally traded in the over-the-counter market. Securities with original maturities of one year or more are valued by us based on prices furnished by dealers who make markets in such securities or by an independent pricing service, which considers the yield or price of bonds of comparable quality, coupon, maturity, and type, as well as prices quoted by dealers who make markets in such securiti

CASH EQUIVALENTS.

CASH EQUIVALENTS.
	12 Months Ended Dec. 31, 2009
Cash Equivalents [Abstract]
Cash Equivalents [Text Block]	NOTE 1 - CASH EQUIVALENTS. Cash equivalent investments in our sponsored money market mutual funds aggregate $555.6 million at December 31, 2008, and $676.5 million at December 31, 2009. Dividends earned on these investments totaled $38.0 million in 2007, $17.5 million in 2008, and $1.6 million in 2009.

INFORMATION ABOUT RECEIVABLES,

INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES.
	12 Months Ended Dec. 31, 2009
Information about Receivables, Revenues, and Services
Information about Receivables, Revenues, and Services [Text Block]	NOTE 2 - INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. Accounts receivable from our sponsored mutual funds for advisory fees and advisory-related administrative services aggregate $95.0 million at December 31, 2008, and $130.1 million at December 31, 2009. Revenues (in millions) from investment advisory services provided under agreements with our sponsored mutual funds and other investment clients include: 2007 2008 2009 Sponsored mutual funds in the U.S. Stock and blended asset $1,168.7 $1,031.4 $ 843.7 Bond and money market 184.6 207.4 224.6 1,353.3 1,238.8 1,068.3 Other portfolios 525.8 522.2 477.8 Total investment advisory fees $1,879.1 $1,761.0 $1,546.1 The following table summarizes the various investment portfolios and assets under management (in billions) on which we earn advisory fees. Average during December 31, 2007 2008 2009 2008 2009 Sponsored mutual funds in the U.S. Stock and blended asset $191.1 $168.6 $139.5 $117.9 $172.7 Bond and money market 41.7 47.5 52.3 46.5 60.0 232.8 216.1 191.8 164.4 232.7 Other portfolios 141.4 142.1 129.5 111.9 158.6 $374.2 $358.2 $321.3 $276.3 $391.3 Investors that we serve are primarily domiciled in the United States of America; investment advisory clients outside the United States account for nearly 12% of our assets under management at December 31, 2009. Fees for advisory-related administrative services provided to our sponsored mutual funds were $273.9 million in 2007, $282.6 million in 2008, and $249.9 million in 2009.

INVESTMENTS IN SPONSORED MUTUAL

INVESTMENTS IN SPONSORED MUTUAL FUNDS.
	12 Months Ended Dec. 31, 2009
Investments in Sponsored Mutual Funds [Abstract]
Investments in Sponsored Mutual Funds [Text Block]	NOTE 3 INVESTMENTS IN SPONSORED MUTUAL FUNDS. These investments (in millions) at December 31 include: Aggregate Aggregate Unrealized holding fair cost Gains Losses value 2008 Stock and blended asset funds $345.7 $ 6.5 $(37.4) $314.8 Bond funds 185.3 16.3 (2.9) 198.7 $531.0 $ 22.8 $(40.3) $513.5 2009 Stock and blended asset funds $278.6 $125.7 $ - $404.3 Bond funds 238.9 34.3 - 273.2 $517.5 $160.0 $ - $677.5 Unrealized holding losses that were attributable to fund holdings with an aggregate fair value of $195.2 million at December 31, 2008, were considered temporary. Dividends, excluding capital gain distributions, earned on sponsored mutual fund investments totaled $8.3 million in 2007, $10.4 million in 2008, and $9.8 million in 2009.

DEBT SECURITIES HELD BY AND CUS

DEBT SECURITIES HELD BY AND CUSTOMER DEPOSITS AT SAVINGS BANK SUBSIDIARY.
	12 Months Ended Dec. 31, 2009
Debt Securities Held By and Customer Deposits at Savings Bank Subsidiary
Debt Securities Held by and Customer Deposits at Savings Bank Subsidiary [Text Block]	NOTE 4 DEBT SECURITIES HELD BY AND CUSTOMER DEPOSITS AT SAVINGS BANK SUBSIDIARY. Our savings bank subsidiary holds investments in marketable debt securities, including mortgage- and other asset-backed securities, which are accounted for as available-for-sale. The following table (in millions) details the components of these investments at year end. 2008 2009 Unrealized Unrealized holding holding Fair gains Fair gains value (losses) value (losses) Investments with temporary impairment (41 securities in 2009) of Less than 12 months $ 40.1 $(2.6) $ 14.4 $( .3) 12 months or more 13.8 (1.7) 9.8 ( .8) Total 53.9 (4.3) 24.2 (1.1) Investments with unrealized holding gains 112.1 1.3 158.4 4.4 Balance at December 31 $166.0 $(3.0) $182.6 $ 3.3 Aggregate cost $169.0 $179.3 The unrealized losses in these investments were generally caused by changes in interest rates and market liquidity, and not by changes in credit quality. We intend to hold these securities to their maturities, which generally correlate to the maturities of our customer deposits, and believe it is more likely than not that we will not be required to sell any of these securities before recovery of their amortized cost. Accordingly, impairment of these investments is considered temporary. The adoption in 2009 of new financial reporting guidance for other-than-temporary impairments of debt securities did not have a material impact on our consolidated financial statements. The estimated fair value of our customer deposit liability, based on discounting expected cash outflows at maturity dates that range up to five years, using current interest rates offered for deposits with the same dates of maturity, was $162.3 million at December 31, 2008, and $164.9 million at December 31, 2009.

OTHER INVESTMENTS.

OTHER INVESTMENTS.
	12 Months Ended Dec. 31, 2009
Other Investments [Abstract]
Other Investments [Text Block]	NOTE 5 OTHER INVESTMENTS. These investments (in millions) at December 31 include: 2008 2009 Cost method investments 10% interest in Daiwa SB Investments Ltd.(Japan) $13.6 $13.6 Other investments 26.5 27.8 Equity method investments .5 1.6 Sponsored mutual fund investments held as trading 1.3 1.8 INR non-deliverable forward contract - .9 Total other investments $41.9 $45.7 On January 20, 2010, we purchased a 26% equity interest in UTI Asset Management Company and an affiliate from existing stockholders for 6.5 billion Indian rupees (INR) or $142.4 million, plus transaction costs of about $3.5 million. UTI Asset Management Company is an unlisted company in India with approximately $17.8 billion in average assets under management in December 2009. We will account for this investment using the equity method. In conjunction with our signing of the definitive UTI purchase agreements in November 2009, we entered into a series of rolling non-deliverable forward contracts to economically hedge the foreign currency exchange rate exposure relating to the UTI acquisition price. We recognized non-operating investment income of $.3 million in 2009 and $2.2 million in January 2010 in the valuation and settlement of these contracts. We had outstanding commitments to fund other investments totaling $35.4 million at December 31, 2009.

FAIR VALUE MEASUREMENTS.

FAIR VALUE MEASUREMENTS.
	12 Months Ended Dec. 31, 2009
Fair Value Measurements [Abstract]
Fair Value Measurements [Text Block]	NOTE 6 FAIR VALUE MEASUREMENTS. We determine the fair value of our investments using three broad levels of inputs as defined by related accounting standards: Level 1 quoted prices in active markets for identical securities. Level 2 observable inputs other than Level 1 quoted prices including, but not limited to, quoted prices for similar securities, interest rates, prepayment speeds, and credit risk. These inputs are based on market data obtained from independent sources. Level 3 unobservable inputs reflecting our own assumptions based on the best information available. We do not value any of our investments using Level 3 inputs. These levels are not necessarily an indication of the risk or liquidity associated with our investments. The following table summarizes our investments (in millions) that are recognized in our balance sheet at year end using fair value measurements determined based on the differing levels of inputs. Level 1 Level 2 2008 Cash equivalents $ 555.6 Investments in sponsored mutual funds Held as available-for-sale 513.5 Held as trading 1.3 Debt securities held by savings bank subsidiary - $ 166.0 Total $1,070.4 $ 166.0 2009 Cash equivalents $ 676.5 Investments in sponsored mutual funds Held as available-for-sale 677.5 Held as trading 1.8 Debt securities held by savings bank subsidiary - $182.6 INR non-deliverable forward contract .9 - Total $1,356.7 $ 182.6

PROPERTY AND EQUIPMENT.

PROPERTY AND EQUIPMENT.
	12 Months Ended Dec. 31, 2009
Property and Equipment [Abstract]
Property and Equipment [Text Block]	NOTE 7 - PROPERTY AND EQUIPMENT. Property and equipment (in millions) at December 31 consists of: 2008 2009 Computer and communications software and equipment $250.6 $267.7 Buildings and improvements 271.8 361.1 Leasehold improvements 77.5 78.7 Furniture and other equipment 109.6 109.2 Land 19.7 36.1 Leased land 2.7 2.7 731.9 855.5 Less accumulated depreciation and amortization 291.8 342.7 $440.1 $512.8 Compensation and related costs attributable to the development of computer software for internal use totaling $8.9 million in 2007, $10.9 million in 2008, and $7.5 million in 2009 have been capitalized. We occupy certain office facilities, and rent computer and other equipment under noncancelable operating leases. Related rental expense was $26.6 million in 2007, $28.2 million in 2008, and $29.1 million in 2009. Future minimum payments under these leases aggregate $27.8 million in 2010, $27.0 million in 2011, $25.2 million in 2012, $24.9 million in 2013, $24.5 million in 2014, and $69.1 million in later years.

INTANGIBLE ASSETS.

INTANGIBLE ASSETS.
	12 Months Ended Dec. 31, 2009
Intangible Assets [Abstract]
Intangible Assets [Text Block]	NOTE 8 INTANGIBLE ASSETS. Other assets include mutual fund customer-relationship intangible assets acquired in 2006. Our unamortized cost was $2.5 million at December 31, 2008, and $2.0 million at December 31, 2009.

INCOME TAXES.

INCOME TAXES.
	12 Months Ended Dec. 31, 2009
Income Taxes
Income Taxes [Text Block]	NOTE 9 - INCOME TAXES. The provision for income taxes (in millions) consists of: 2007 2008 2009 Current income taxes U.S. federal $327.7 $265.9 $232.5 Foreign 40.9 33.6 26.5 State and local 53.3 39.3 32.0 Deferred income tax benefits (15.7) (33.4) ( 35.7) $406.2 $305.4 $255.3 Deferred income taxes arise from temporary differences between taxable income for financial statement and income tax return purposes. Deferred tax benefits include $25.7 million in 2007, $23.9 million in 2008, and $22.4 million in 2009 relating to the recognition of stock-based compensation expense. Deferred tax benefits of $31.9 million in 2008 and $12.4 million in 2009 are attributable to other than temporary impairments recognized on our sponsored mutual fund investments. Partially offsetting the deferred tax benefits in 2007 were deferred taxes of $8.1 million from the reversal of temporary differences related to property and equipment and the use of foreign net operating loss carryforwards. Deferred taxes relating to property and equipment of $17.4 million in 2008 partially offset deferred tax benefits. The net deferred tax asset recognized in our balance sheet in other assets includes the following (in millions) at December 31. 2008 2009 Deferred tax liabilities Related to property and equipment $(17.1) $(18.0) Recognized in other comprehensive income on net unrealized holding gains - (61.4) Other (3.1) (3.9) ( 20.2) (83.3) Deferred tax assets Related to stock-based compensation 68.2 90.6 Related to other than temporary impairments of investments in mutual funds 35.9 48.3 Related to accrued compensation 3.0 2.3 Recognized in other comprehensive loss on net unrealized holding losses 7.4 - Other 4.3 6.4 118.8 147.6 Net deferred tax asset $ 98.6 $ 64.3 Other assets also includes tax refund receivables of $46.2 million at December 31, 2008, and $18.1 million at December 31, 2009. Cash outflows from operating activities include income taxes paid of $329.6 million in 2007, $289.9 million in 2008, and $221.6 million in 2009. Additional income tax benefits of $96.9 million in 2007, $69.7 million in 2008, and $33.1 million in 2009 arising from stock-based compensation plans activity reduced the amount of income taxes that would have otherwise been payable. The following table reconciles the statutory federal income tax rate to the effective income tax rate. 2007 2008 2009 Statutory U.S. federal income tax rate 35.0% 35.0% 35.0% State income taxes for current year, net of federal income tax benefits 3.0 3.3 3.1 Other items (.3) .1 (1.0) Effective income tax rate 37.7% 38.4% 37.1% The following table reconciles our unrecognized tax benefits (in millions) during the year: 2007 2008 2009 Balance at beginning of year $ 3.0

COMMON STOCK.

COMMON STOCK.
	12 Months Ended Dec. 31, 2009
Common Stock [Abstract]
Common Stock [Text Block]	NOTE 10 COMMON STOCK. AUTHORIZED SHARES. At December 31, 2009, 57,346,800 shares of unissued common stock were authorized for issuance under our stock-based compensation plans. Additionally, 3,360,000 shares are authorized for issuance under a plan whereby substantially all employees may acquire common stock through payroll deductions at prevailing market prices. We believe that our stock-based compensation programs align the interests of our employees and directors with those of our common stockholders. SHARE REPURCHASES. The Board of Directors has authorized the future repurchase of up to 12,409,110 common shares as of December 31, 2009. Accounts payable and accrued expenses includes $4.0 million at December 31, 2008, representing the unsettled liability for common stock repurchases made prior to year end. DIVIDENDS. Cash dividends declared per share were $.75 in 2007, $.96 in 2008, and $1.00 in 2009. In March 2008, we began paying our quarterly dividend before quarter end instead of in the following month.

STOCK-BASED COMPENSATION.

STOCK-BASED COMPENSATION.
	12 Months Ended Dec. 31, 2009
Stock-Based Compensation [Abstract]
Stock-Based Compensation [Text Block]	NOTE 11 STOCK-BASED COMPENSATION. STOCK OPTIONS. The following table summarizes the status of and changes in our stock option grants during 2009. Weighted- average Weighted- remaining average contractual exercise term in Options price years Outstanding at beginning of year 39,037,741 $36.52 Semiannual grants 6,197,940 $36.22 Reload grants 479,815 $42.03 New hire grants 7,000 $36.40 Non-employee director grants 8,000 $44.30 Exercised (5,152,674) $22.49 Forfeited (826,900) $44.45 Expired (481,763) $45.64 Outstanding at end of year 39,269,159 $38.10 6.1 Exercisable at end of year 23,407,860 $33.48 4.6 Net income includes a charge for stock option-based compensation expense of $71.8 million in 2007, $71.7 million in 2008, and $72.1 million in 2009, including $8.6 million, $5.6 million, and $4.1 million, respectively, for reload option grants. The total intrinsic value of options exercised was $300.1 million in 2007, $230.4 million in 2008, and $115.7 million in 2009. At December 31, 2009, the aggregate intrinsic value of in-the-money options outstanding was $619.4 million and of options exercisable was $472.3 million. STOCK AWARDS. The following table summarizes the status of and changes in our nonvested restricted shares and restricted stock units during 2009. Restricted shares Restricted stock units Weighted- average fair value Nonvested at beginning of year 475,194 233,539 $54.28 Granted to employees and directors 270,500 165,450 $36.79 Vested (value at vest date was $10.0 million) (136,787) (68,288) $53.46 Forfeited (20,988) (19,750) $49.65 Nonvested at end of year 587,919 310,951 $46.19 We recognized compensation expense for restricted shares and restricted stock units of $8.0 million in 2007, $13.8 million in 2008, and $17.0 million in 2009. At December 31, 2009, non-employee directors hold 15,143 vested stock units that will convert to common shares upon their separation from the board. FUTURE STOCK-BASED COMPENSATION EXPENSE. The following table presents the compensation expense (in millions) to be recognized over the remaining vesting periods of the stock-based awards outstanding at December 31, 2009. Estimated future compensation expense will change to reflect future option grants, including reloads; future awards of unrestricted shares, restricted shares, and restricted stock units; changes in estimated forfeitures; and adjustments for actual forfeitures. First quarter 2010 $ 18.2 Second quarter 2010 18.1 Third quarter 2010 17.5 Fourth quarter 2010 12.6 Total 2010 66.4 2011 through 2014 64.1 Total $130.5

EARNINGS PER SHARE CALCULATIONS

EARNINGS PER SHARE CALCULATIONS.
	12 Months Ended Dec. 31, 2009
Earnings Per Share Calculations [Abstract]
Earnings Per Share Calculations [Text Block]	NOTE 12 EARNINGS PER SHARE CALCULATIONS. The reconciliation (in millions) of our net income to net income allocated to our common stockholders and the weighted average shares (in millions) that are used in calculating the basic and the diluted earnings per share on our common stock follow. 2007 2008 2009 Net income $670.6 $490.8 $433.6 Less net income allocated to outstanding restricted stock and stock units (.8) (1.1) (1.5) Net income allocated to our common stockholders $669.8 $489.7 $432.1 Weighted average common shares Outstanding 264.8 259.3 255.9 Outstanding assuming dilution 279.1 269.9 262.3 Weighted average common shares outstanding assuming dilution reflects the potential additional dilution, determined using the treasury stock method, that could occur if outstanding stock options were exercised. There are 19.9 million outstanding stock options with an average exercise price of $48.20 that, when taken together with related unrecognized compensation expense, are out-of-the-money and, therefore, not included in the 2009 weighted average common shares outstanding assuming dilution.

INVESTMENT GAINS (LOSSES) AND O

INVESTMENT GAINS (LOSSES) AND OTHER COMPREHENSIVE INCOME (LOSS).
	12 Months Ended Dec. 31, 2009
Investment Gains (Losses) and Other Comprehensive Income (Loss) [Abstract]
Investment Gains (Losses) and Other Comprehensive Income (Loss) [Text Block]	NOTE 13 INVESTMENT GAINS (LOSSES) AND OTHER COMPREHENSIVE INCOME (LOSS). The following table reconciles our net unrealized investment holding gains and losses (in millions) to that recognized in other comprehensive income (loss). Investments in sponsored mutual funds Debt securities held by savings bank subsidiary Total 2007 Net unrealized holding gains $ 66.0 $ 1.5 $ 67.5 Reconciling amounts recognized in non-operating investment income Capital gain distributions received (22.1) - (22.1) Other than temporary impairments .3 - .3 Net gains realized on dispositions, determined using average cost (5.5) - (5.5) Net unrealized holding gains recognized in other comprehensive income, before taxes 38.7 1.5 40.2 Deferred income taxes (14.0) (.5) (14.5) Net unrealized holding gains recognized in other comprehensive income $ 24.7 $ 1.0 $ 25.7 2008 Net unrealized holding losses $(254.7) $(3.0) $(257.7) Reconciling amounts recognized in non-operating investment loss Capital gain distributions received (5.6) - (5.6) Other than temporary impairments 91.3 - 91.3 Net losses realized on dispositions, determined using average cost 4.5 - 4.5 Net unrealized holding losses recognized in other comprehensive loss, before taxes (164.5) (3.0) (167.5) Deferred tax benefits 58.4 1.0 59.4 Net unrealized holding losses recognized in other comprehensive loss $(106.1) $(2.0) $(108.1) 2009 Net unrealized holding gains $ 150.8 $ 6.0 $ 156.8 Reconciling amounts recognized in non-operating investment loss Capital gain distributions received (2.0) - (2.0) Other than temporary impairments 36.1 - 36.1 Net losses (gains) realized on dispositions, determined using average cost (7.4) .3 (7.1) Net unrealized holding gains recognized in other comprehensive income, before taxes 177.5 6.3 183.8 Deferred income taxes (66.6) (2.2) (68.8) Net unrealized holding gains recognized in other comprehensive income $ 110.9 $ 4.1 $ 115.0 Accumulated other comprehensive income (loss) (in millions) at December 31 includes: 2008 2009 Net unrealized holding gains (losses) on Investments in sponsored mutual funds $(17.5) $160.0 Debt securities held by savings bank subsidiary (3.0) 3.3 (20.5) 163.3 Deferred tax benefits (income taxes) 7.4 (61.4) $(13.1) $101.9

OTHER DISCLOSURES.

OTHER DISCLOSURES.
	12 Months Ended Dec. 31, 2009
Other Disclosures
Other Disclosures (Text Block)	NOTE 14 - OTHER DISCLOSURES. Our consolidated stockholders' equity at December 31, 2009, includes about $75 million that is restricted as to use by various regulations and agreements arising in the ordinary course of our business. From time to time, various claims against us arise in the ordinary course of business, including employment-related claims. In the opinion of management, after consultation with counsel, the likelihood that an adverse determination in one or more pending claims would have a material adverse effect on our financial position or results of operations is remote. Compensation expense recognized for our defined contribution retirement plans was $44.1 million in 2007, $43.6 million in 2008, and $41.2 million in 2009.

SUPPLEMENTARY QUARTERLY FINANCI

SUPPLEMENTARY QUARTERLY FINANCIAL DATA (Unaudited).
	12 Months Ended Dec. 31, 2009
Supplementary Quarterly Financial Data [Abstract]
Supplementary Quarterly Financial Data [Text Block]	NOTE 15 - SUPPLEMENTARY QUARTERLY FINANCIAL DATA (Unaudited). Basic Diluted earnings earnings per per share on share on Net Net common common revenues income stock stock (in millions) 2008 1st quarter $559.1 $151.5 $.58 $.55 2nd quarter $586.5 $162.2 $.62 $.59 3rd quarter $554.8 $152.8 $.59 $.56 4th quarter $415.9 $ 24.3 $.09 $.09 2009 1st quarter $384.5 $ 48.2 $.19 $.19 2nd quarter $442.2 $100.0 $.39 $.38 3rd quarter $498.1 $132.9 $.52 $.50 4th quarter $542.6 $152.5 $.59 $.57 The sums of quarterly earnings per share do not equal annual earnings per share because the computations are done independently.

1_SUMMARY OF SIGNIFICANT ACCOUN

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (by policy)
	12 Months Ended Dec. 31, 2009
Summary of Significant Accounting Policies [Abstract]
Nature of operations [Text Block]	T. Rowe Price Group derives its consolidated revenues and net income primarily from investment advisory services that its subsidiaries provide to individual and institutional investors in the sponsored T. Rowe Price mutual funds and other investment portfolios. We also provide our investment advisory clients with related administrative services, including mutual fund transfer agent, accounting and shareholder services; participant recordkeeping and transfer agent services for defined contribution retirement plans; discount brokerage; and trust services. Investment advisory revenues depend largely on the total value and composition of assets under our management. Accordingly, fluctuations in financial markets and in the composition of assets under management impact our revenues and results of operations.
Basis of Preparation [Text Block]	BASIS OF PREPARATION. These consolidated financial statements have been prepared by our management in accordance with accounting principles generally accepted in the United States, which require the use of estimates. Actual results may vary from our estimates. We have modified certain prior-year disclosures to be comparative with and conform to the presentation of our 2009 disclosures. We evaluated all subsequent events through the time that we filed these financial statements with the Securities and Exchange Commission on February 5, 2010, as part of our Annual Report on Form 10-K. Our financial statements include the accounts of all subsidiaries in which we have a majority or controlling interest. All material intercompany accounts and transactions are eliminated in consolidation. We are not the primary beneficiary, and do not consolidate the accounts, of a high-yield collateralized bond obligation (CBO) that held assets of $21 million at December 31, 2009. This variable interest entity is a non-recourse, limited liability company for which we are the collateral manager and receive related investment advisory fees. We recognized the full impairment of our investment in this CBO in2002and do not expect to recognize any future gains or losses from this investment.
Cash Equivalents [Text Block]	CASH EQUIVALENTS. Cash equivalents consist primarily of short-term, highly liquid investments in our sponsored money market mutual funds. The cost of these funds is equivalent to fair value.
Investments [Text Block]	INVESTMENTS. We value our investments in sponsored mutual funds at the quoted closing net asset values, or NAVs, per share of each mutual fund last reported as of the balance sheet date, and generally classify these holdings as available-for-sale. Our investments in marketable debt securities, including mortgage- and other asset-backed securities held by our savings bank subsidiary, are also classified as available-for-sale and reported at fair value. These debt securities are generally traded in the over-the-counter market. Securities with original maturities of one year or more are valued by us based on prices furnished by dealers who make markets in such securities or by an independent pricing service, which considers the yield or price of bonds of comparable quality, coupon, maturity, and type, as well as prices quoted by dealers who make markets in such securities. Securities with original maturities of less than one year generally are valued at amortized cost, which approximates fair value; however, if amortized cost is deemed not to reflect fair value, such securities are valued by us based generally on prices furnished by dealers who make markets in such securities or by an independent pricing service. Our investment valuation policies, methods and sources are the same as those employed by the sponsored mutual funds to price similar investment holdings. Changes in net unrealized security holding gains (losses) on available-for-sale securities are recognized in accumulated other comprehensive income (loss). We review the carrying amount of each investment on a quarterly basis and recognize an impairment charge in non-operating investment income (loss) whenever an unrealized loss is considered other than temporary. A mutual fund holding with an impairment that has persisted daily throughout the six months between quarter-ends is generally presumed to have an other than temporary impairment unless there is persuasive evidence, such as an increase in value subsequent to quarter end, to overcome that presumption. We may also recognize an other than temporary charge if particular circumstances do not warrant our belief that a near-term recovery is possible. We classifysome investments in sponsored mutual funds made at fund formation as trading because they are expected to be held for only a short period of time. Other investments are recognized using the cost or equity methods of accounting, as appropriate.
Concentrations of Risk [Text Block]	CONCENTRATIONS OF RISK. Concentration of credit risk in accounts receivable is believed to be minimal in that our clients generally have substantial assets, including those in the investment portfolios that we manage for them. Our investments in sponsored mutual funds expose us to market risk in the form of equity price risk; that is, the potential future loss of value that would result from a decline in the fair values of the mutual funds. Each fund and its underlying net assets are also subject to market risk, which may arise from changes in equity prices, credit ratings, foreign currency exchange rates, and interest rates. Investments by our savings bank subsidiary in debt securities expose us to market risk, which may arise from changes in credit ratings and interest rates.
Property and Equipment [Text Block]	PROPERTY AND EQUIPMENT. Property and equipment is stated at cost net of accumulated depreciation and amortization computed using the straight-line method. Provisions for depreciation and amortization are based on the following weighted average estimated useful lives: computer and communications software and equipment, 3.5 years; buildings and improvements, 32.6 years; leasehold improvements, 9.2 years; furniture and other equipment, 6.6 years; and leased land, 99 years.
Goodwill [Text Block]	GOODWILL. We evaluate the carrying amount of goodwill in our balance sheet for possible impairment on an annual basis in the third quarter of each year using a fair value approach. Our evaluations have indicated that no impairment exists. We internally conduct, manage and report our operations as one investment advisory business. We do not have distinct operating segments or components that separately constitute a business. Accordingly, we attribute goodwill to a single reportable business segment and reporting unit our investment advisory business.
Revenue Recognition [Text Block]	REVENUE RECOGNITION. Fees for investment advisory services, which are based on a percentage of assets under management, and related administrative services that we provide to investment advisory clients, including our sponsored mutual funds, are recognized in the period that our services are provided. Our assets under management are valued in accordance with a valuation and pricing policy that defines the valuation and pricing processes for each major type of investment held in our sponsored mutual funds and other client investment portfolios. Fair values used in our processes are primarily determined from quoted market prices, prices furnished by dealers who make markets in such securities, or from data provided by an independent pricing service that considers yield or price of investments of comparable quality, coupon, maturity, and type, as well as prices quoted by dealers who make markets in such securities. Investments for which market prices are not readily available are not a material portion of our total assets under management. Administrative revenues from distribution of our sponsored mutual funds Advisor and R class shares, and the corresponding operating expense for payments to third-party financial intermediaries that distribute those share classes, are recognized in the period that they are earned, which is the same period that the related mutual funds recognize their expense. Taxes billed to our clients based on our fees for services rendered are not included in revenues. We provide all services to the sponsored U.S. mutual funds under contracts that are subject to periodic review and approval by each of the funds' boards. Regulations require that the funds' shareholders also approve material changes to investment advisory contracts.
Advertising [Text Block]	ADVERTISING. Costs of advertising are expensed the first time that the advertising takes place.
Stock Awards and Options [Text Block]	STOCK AWARDS AND OPTIONS. Our stockholders have approved the 2001 and 2004 Stock Incentive Plans under which we have issued restricted shares and restricted stock units that convert to shares after vesting. These employee awards are fair valued on the grant date using the closing market price of our common stock and generally vest over graded schedules of four to five years. Under the seven stockholder approved plans (the 1993, 1996, 2001 and 2004 Stock Incentive Plans and the 1995, 1998 and 2007 plans for non-employee directors), we have granted qualified incentive and nonqualified fixed stock options with a maximum term of 10 years to employees and non-employee directors. Vesting of our employee option grants is based solely on the individual continuing to render service and generally occurs over a five- to six-year graded schedule. The exercise price of each option granted is equivalent to the market price of the common stock at the date of grant. We semiannually grant options, restricted shares and restricted stock units to non-employee directors that vest over six months to one year. Vested stock units are issued as dividend equivalents on stock units held by non-employee directors. In recognizing stock option-based compensation expense, we used the Black-Scholes option-pricing model to estimate the fair value of each option grant, including reloads, as follows: Weighted-average 2007 2008 2009 Grant-date fair value per option awarded, including reload grants $12.31 $13.51 $10.07 Assumptions used: Expected life in years 5.4 5.9 6.7 Expected volatility 23% 24% 32% Dividend yield 1.7% 1.7% 2.4% Risk-free interest rate 4.3% 3.1% 2.5% Our expected life assumptions are based on the vesting period for each option grant and our historical experience with respect to the average holding period from vesting to option exercise. The assumptions for expected volatility and dividend yield are based on recent historical experience. Risk-free interest rates are set using grant-date U.S. Treasury yield curves for the same periods as our expected lives.
Earnings Per Share [Text Block]	EARNINGS PER SHARE. On January 1, 2009, we modified our earnings per share calculations to reflect new financial reporting guidance that recognizes our outstanding restricted stock and stock units, on which we pay non-forfeitable dividends, as if they were a separate class of stock. The retrospective application of the new guidance did not significantly reduce our weighted average common shares outstanding assuming dilution as presented in Note 12 for 2007 and 2008; however, it did reduce our previously reported diluted earnings per share on our common stock for each of the second quarter and full year 2008 by $.01.
Comprehensive Income [Text Block]	COMPREHENSIVE INCOME. Total comprehensive income is reported in our consolidated statements of stockholders' equity and includes net income and the change in net unrealized security holding gains (losses), after income taxes (tax benefits).

2_SUMMARY OF SIGNIFICANT ACCOUN

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
	12 Months Ended Dec. 31, 2009
Summary of Significant Account Policies (Tables) [Abstract]
Assumptions used in opton pricing model and grant date fair value of options [Text Block]	Weighted-average 2007 2008 2009 Grant-date fair value per option awarded, including reload grants $12.31 $13.51 $10.07 Assumptions used: Expected life in years 5.4 5.9 6.7 Expected volatility 23% 24% 32% Dividend yield 1.7% 1.7% 2.4% Risk-free interest rate 4.3% 3.1% 2.5%

3_INFORMATION ABOUT RECEIVABLES

INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. (Tables)
	12 Months Ended Dec. 31, 2009
Information about Receivables, Revenues, and Services (Tables)
Components of Investment Advisory Fees [Text Block]	2007 2008 2009 Sponsored mutual funds in the U.S. Stock and blended asset $1,168.7 $1,031.4 $ 843.7 Bond and money market 184.6 207.4 224.6 1,353.3 1,238.8 1,068.3 Other portfolios 525.8 522.2 477.8 Total investment advisory fees $1,879.1 $1,761.0 $1,546.1
Components of Assets Under Management [Text Block]	Average during December 31, 2007 2008 2009 2008 2009 Sponsored mutual funds in the U.S. Stock and blended asset $191.1 $168.6 $139.5 $117.9 $172.7 Bond and money market 41.7 47.5 52.3 46.5 60.0 232.8 216.1 191.8 164.4 232.7 Other portfolios 141.4 142.1 129.5 111.9 158.6 $374.2 $358.2 $321.3 $276.3 $391.3

4_INVESTMENTS IN SPONSORED MUTU

INVESTMENTS IN SPONSORED MUTUAL FUNDS. (Tables)
	12 Months Ended Dec. 31, 2009
Investments in Sponsored Mutual Funds (Tables)
Components of Investments in Sponsored Mutual Funds [Text Block]	Aggregate Aggregate Unrealized holding fair cost Gains Losses value 2008 Stock and blended asset funds $345.7 $ 6.5 $(37.4) $314.8 Bond funds 185.3 16.3 (2.9) 198.7 $531.0 $ 22.8 $(40.3) $513.5 2009 Stock and blended asset funds $278.6 $125.7 $- $404.3 Bond funds 238.9 34.3 - 273.2 $517.5 $160.0 $- $677.5

5_DEBT SECURITIES HELD BY AND C

DEBT SECURITIES HELD BY AND CUSTOMER DEPOSITS AT SAVINGS BANK SUBSIDIARY. (Tables)
	12 Months Ended Dec. 31, 2009
Debt Secuirites Held By and Customers Deposits at Savings Bank Subsidiary (Tables)
Components of Debt Securities Held By Savings Bank Subsidiary [Text Block]	2008 2009 Unrealized Unrealized holding holding Fair gains Fair gains value (losses) value (losses) Investments with temporary impairment (41 securities in 2009) of Less than 12 months $ 40.1 $(2.6) $ 14.4 $( .3) 12 months or more 13.8 (1.7) 9.8 ( .8) Total 53.9 (4.3) 24.2 (1.1) Investments with unrealized holding gains 112.1 1.3 158.4 4.4 Balance at December 31 $166.0 $(3.0) $182.6 $ 3.3 Aggregate cost $169.0 $179.3

6_OTHER INVESTMENTS.

OTHER INVESTMENTS. (Tables)
	12 Months Ended Dec. 31, 2009
Other Investments (Tables)
Components of Other Investments [Text Block]	2008 2009 Cost method investments 10% interest in Daiwa SB Investments Ltd.(Japan) $13.6 $13.6 Other investments 26.5 27.8 Equity method investments .5 1.6 Sponsored mutual fund investments held as trading 1.3 1.8 INR non-deliverable forward contract - .9 Total other investments $41.9 $45.7

7_FAIR VALUE MEASUREMENTS.

FAIR VALUE MEASUREMENTS. (Tables)
	12 Months Ended Dec. 31, 2009
Fair Value Measurements (Tables)
Fair Value Measurements Table [Text Block]	Level 1 Level 2 2008 Cash equivalents $ 555.6 Investments in sponsored mutual funds Held as available-for-sale 513.5 Held as trading 1.3 Debt securities held by savings bank subsidiary - $ 166.0 Total $1,070.4 $ 166.0 2009 Cash equivalents $ 676.5 Investments in sponsored mutual funds Held as available-for-sale 677.5 Held as trading 1.8 Debt securities held by savings bank subsidiary - $182.6 INR non-deliverable forward contract .9 - Total $1,356.7 $ 182.6

8_PROPERTY AND EQUIPMENT.

PROPERTY AND EQUIPMENT. (Tables)
	12 Months Ended Dec. 31, 2009
Property and Equipment (Tables)
Property and Equipment [Text Block]	2008 2009 Computer and communications software and equipment $250.6 $267.7 Buildings and improvements 271.8 361.1 Leasehold improvements 77.5 78.7 Furniture and other equipment 109.6 109.2 Land 19.7 36.1 Leased land 2.7 2.7 731.9 855.5 Less accumulated depreciation and amortization 291.8 342.7 $440.1 $512.8

9_INCOME TAXES.

INCOME TAXES. (Tables)
	12 Months Ended Dec. 31, 2009
Income Taxes (Tables)
Components of Income Tax Provision [Text Block]	2007 2008 2009 Current income taxes U.S. federal $327.7 $265.9 $232.5 Foreign 40.9 33.6 26.5 State and local 53.3 39.3 32.0 Deferred income tax benefits (15.7) (33.4) (35.7) $406.2 $305.4 $255.3
Components of Deferred Tax Assets and Liabilities [Text Block]	2008 2009 Deferred tax liabilities Related to property and equipment $(17.1) $(18.0) Recognized in other comprehensive income on net unrealized holding gains - (61.4) Other (3.1) (3.9) (20.2) (83.3) Deferred tax assets Related to stock-based compensation 68.2 90.6 Related to other than temporary impairments of investments in mutual funds 35.9 48.3 Related to accrued compensation 3.0 2.3 Recognized in other comprehensive loss on net unrealized holding losses 7.4 - Other 4.3 6.4 118.8 147.6 Net deferred tax asset $ 98.6 $ 64.3
Effective Tax Rate Reconciliation [Text Block]	2007 2008 2009 Statutory U.S. federal income tax rate 35.0% 35.0% 35.0% State income taxes for current year, net of federal income tax benefits 3.0 3.3 3.1 Other items (.3) .1 (1.0) Effective income tax rate 37.7% 38.4% 37.1%
Unrecognized Tax Benefits Reconciliation [Text Block]	2007 2008 2009 Balance at beginning of year $ 3.0 $ 4.8 $ 6.3 Changes in tax positions related to Current year 1.5 1.3 1.1 Prior years .3 .2 (.4) Balance at year end $ 4.8 $ 6.3 $ 7.0

10_STOCK-BASED COMPENSATION.

STOCK-BASED COMPENSATION. (Tables)
	12 Months Ended Dec. 31, 2009
Stock-Based Compensation (Tables)
Rollforward of Stock Options [Text Block]	Weighted- average Weighted- remaining average contractual exercise term in Options price years Outstanding at beginning of year 39,037,741 $36.52 Semiannual grants 6,197,940 $36.22 Reload grants 479,815 $42.03 New hire grants 7,000 $36.40 Non-employee director grants 8,000 $44.30 Exercised (5,152,674) $22.49 Forfeited (826,900) $44.45 Expired (481,763) $45.64 Outstanding at end of year 39,269,159 $38.10 6.1 Exercisable at end of year 23,407,860 $33.48 4.6
Rollforward of Restricted Shares and Restricted Stock Units [Text Block]	Restricted shares Restricted stock units Weighted- average fair value Nonvested at beginning of year 475,194 233,539 $54.28 Granted to employees and directors 270,500 165,450 $36.79 Vested (value at vest date was $10.0 million) (136,787) (68,288) $53.46 Forfeited (20,988) (19,750) $49.65 Nonvested at end of year 587,919 310,951 $46.19
Future Stock-Based Compensation [Text Block]	First quarter 2010 $ 18.2 Second quarter 2010 18.1 Third quarter 2010 17.5 Fourth quarter 2010 12.6 Total 2010 66.4 2011 through 2014 64.1 Total $130.5

11_EARNINGS PER SHARE CALCULATI

EARNINGS PER SHARE CALCULATIONS. (Tables)
	12 Months Ended Dec. 31, 2009
Earnings Per Share Calculations (Tables)
Earnings Per Share Calculations Table [Text Block]	2007 2008 2009 Net income $670.6 $490.8 $433.6 Less net income allocated to outstanding restricted stock and stock units (.8) (1.1) (1.5) Net income allocated to our common stockholders $669.8 $489.7 $432.1 Weighted average common shares Outstanding 264.8 259.3 255.9 Outstanding assuming dilution 279.1 269.9 262.3

12_INVESTMENT GAINS (LOSSES) AN

INVESTMENT GAINS (LOSSES) AND OTHER COMPREHENSIVE INCOME (LOSS). (Tables)
	12 Months Ended Dec. 31, 2009
Investment Gains (Losses) and Other Comprehensive Income (Loss) (Tables)
Reconciliation of Net Unrealized Holding Gains or Losses to Amounts Recognized in Other Comprehensive Income or Loss [Text Block]	Investments in sponsored mutual funds Debt securities held by savings bank subsidiary Total 2007 Net unrealized holding gains $ 66.0 $ 1.5 $ 67.5 Reconciling amounts recognized in non-operating investment income Capital gain distributions received (22.1) - (22.1) Other than temporary impairments .3 - .3 Net gains realized on dispositions, determined using average cost (5.5) - (5.5) Net unrealized holding gains recognized in other comprehensive income, before taxes 38.7 1.5 40.2 Deferred income taxes (14.0) (.5) (14.5) Net unrealized holding gains recognized in other comprehensive income $ 24.7 $ 1.0 $ 25.7 2008 Net unrealized holding losses $(254.7) $(3.0) $(257.7) Reconciling amounts recognized in non-operating investment loss Capital gain distributions received (5.6) - (5.6) Other than temporary impairments 91.3 - 91.3 Net losses realized on dispositions, determined using average cost 4.5 - 4.5 Net unrealized holding losses recognized in other comprehensive loss, before taxes (164.5) (3.0) (167.5) Deferred tax benefits 58.4 1.0 59.4 Net unrealized holding losses recognized in other comprehensive loss $(106.1) $(2.0) $(108.1) 2009 Net unrealized holding gains $ 150.8 $ 6.0 $ 156.8 Reconciling amounts recognized in non-operating investment loss Capital gain distributions received (2.0) - (2.0) Other than temporary impairments 36.1 - 36.1 Net losses (gains) realized on dispositions, determined using average cost (7.4) .3 (7.1) Net unrealized holding gains recognized in other comprehensive income, before taxes 177.5 6.3 183.8 Deferred income taxes (66.6) (2.2) (68.8) Net unrealized holding gains recognized in other comprehensive income $ 110.9 $ 4.1 $ 115.0
Components of Accumulated Other Comprehensive Income or Loss [Text Block]	2008 2009 Net unrealized holding gains (losses) on Investments in sponsored mutual funds $(17.5) $160.0 Debt securities held by savings bank subsidiary (3.0) 3.3 (20.5) 163.3 Deferred tax benefits (income taxes) 7.4 (61.4) $(13.1) $101.9

13_SUPPLEMENTARY QUARTERLY FINA

SUPPLEMENTARY QUARTERLY FINANCIAL DATA (Unaudited). (Tables)
	12 Months Ended Dec. 31, 2009
Supplementary Quarterly Financial Data (Unaudited) (Tables)
Supplementary Quarterly Financial Data Table [Text Block]	Basic Diluted earnings earnings per per share on share on Net Net common common revenues income stock stock (in millions) 2008 1st quarter $559.1 $151.5 $.58 $.55 2nd quarter $586.5 $162.2 $.62 $.59 3rd quarter $554.8 $152.8 $.59 $.56 4th quarter $415.9 $ 24.3 $.09 $.09 2009 1st quarter $384.5 $ 48.2 $.19 $.19 2nd quarter $442.2 $100.0 $.39 $.38 3rd quarter $498.1 $132.9 $.52 $.50 4th quarter $542.6 $152.5 $.59 $.57

14_SUMMARY OF SIGNIFICANT ACCOU

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail) (USD $)
	3 Months Ended Jun. 30, 2008	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Summary of Significant Accounting Policies (Detail)
Schedule of Variable Interest Entities [Text Block]		We are not the primary beneficiary, and do not consolidate the accounts, of a high-yield collateralized bond obligation (CBO) that held assets of $21 million at December 31, 2009. This variable interest entity is a non-recourse, limited liability company for which we are the collateral manager and receive related investment advisory fees. We recognized the full impairment of our investment in this CBO in2002and do not expect to recognize any future gains or losses from this investment.
Variable Interest Entity [Line Items]
Marketable Securities, Available-for-sale Securities, Policy		We value our investments in sponsored mutual funds at the quoted closing net asset values, or NAVs, per share of each mutual fund last reported as of the balance sheet date, and generally classify these holdings as available-for-sale. Our investments in marketable debt securities, including mortgage- and other asset-backed securities held by our savings bank subsidiary, are also classified as available-for-sale and reported at fair value. These debt securities are generally traded in the over-the-counter market. Securities with original maturities of one year or more are valued by us based on prices furnished by dealers who make markets in such securities or by an independent pricing service, which considers the yield or price of bonds of comparable quality, coupon, maturity, and type, as well as prices quoted by dealers who make markets in such securities. Securities with original maturities of less than one year generally are valued at amortized cost, which approximates fair value; however, if amortized cost is deemed not to reflect fair value, such securities are valued by us based generally on prices furnished by dealers who make markets in such securities or by an independent pricing service. Our investment valuation policies, methods and sources are the same as those employed by the sponsored mutual funds to price similar investment holdings. Changes in net unrealized security holding gains (losses) on available-for-sale securities are recognized in accumulated other comprehensive income (loss). We review the carrying amount of each investment on a quarterly basis and recognize an impairment charge in non-operating investment income (loss) whenever an unrealized loss is considered other than temporary. A mutual fund holding with an impairment that has persisted daily throughout the six months between quarter-ends is generally presumed to have an other than temporary impairment unless there is persuasive evidence, such as an increase in value subsequent to quarter end, to overcome that presumption. We may also recognize an other than temporary charge if particular circumstances do not warrant our belief that a near-term recovery is possible.
Marketable Securities, Trading Securities, Policy		We classify some investments in sponsored mutual funds made at fund formation as trading because they are expected to be held for only a short period of time.
Equity and Cost Method Investments, Policy		Other investments are recognized using the cost or equity methods of accounting, as appropriate.
Concentration Risk, Credit Risk		Concentration of credit risk in accounts receivable is believed to be minimal in that our clients generally have substantial assets, including those in the investment portfolios that we manage for them.
Concentration Risk, Market Risk		Our investments in sponsored mutual funds expose us to market risk in the form of equity price risk; that is, the potential future loss of value that would result from a decline in the fair values of the mutual funds. Each fund and its underlying net assets are also subject to market risk, which may arise from changes in equity prices, credit ratings, foreign currency exchange rates, and interest rates. Investments by our savings bank subsidiary in debt securities expose us to market risk, which may arise from changes in credit ratings and interest rates.
Property, Plant and Equipment [Line Items]
Management and Investment Advisory Fees, Policy		Fees for investment advisory services, which are based on a percentage of assets under management, and related administrative services that we provide to investment advisory clients, including our sponsored mutual funds, are recognized in the period that our services are provided. Our assets under management are valued in accordance with a valuation and pricing policy that defines the valuation and pricing processes for each major type of investment held in our sponsored mutual funds and other client investment portfolios. Fair values used in our processes are primarily determined from quoted market prices, prices furnished by dealers who make markets in such securities, or from data provided by an independent pricing service that considers yield or price of investments of comparable quality, coupon, maturity, and type, as well as prices quoted by dealers who make markets in such securities. Investments for which market prices are not readily available are not a material portion of our total assets under management. Administrative revenues from distribution of our sponsored mutual funds' Advisor and R class shares, and the corresponding operating expense for payments to third-party financial intermediaries that distribute those share classes, are recognized in the period that they are earned, which is the same period that the related mutual funds recognize their expense.
Revenue Recognition, Excise and Sales Taxes		Taxes billed to our clients based on our fees for services rendered are not included in revenues.
Services provided to the sponsored U.S. mutual funds [Text Block]		We provide all services to the sponsored U.S. mutual funds under contracts that are subject to periodic review and approval by each of the funds' boards. Regulations require that the funds' shareholders also approve material changes to investment advisory contracts.
Stock-based compensation additional disclosure
Weighted-average grant-date fair value per option awarded, including reload grants (in dollars per option)		10.07	13.51	12.31
Weighted average expected life in years assumption (in years)		6.7	5.9	5.4
Weighted average expected volatility assumption (percentage as a decimal)		0.32	0.24	0.23
Weighted average dividend yield assumption (percentage as a decimal)		0.024	0.017	0.017
Weighted average risk-free interest rate assumption (percentage as a decimal)		0.025	0.031	0.043
Reduction in diluted earnings per share (in dollars per share)	0.01		0.01
Variable Interest Entity, Not Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
assets of collateralized bond obligation (in millions of dollars)		21
Restricted shares and restricted stock units under stock incentive plans (2001 and 2004) [Member]
Stock-based compensation additional disclosure
graded vesting period (in years)		four to five years
Options under stock incentive plans for employees (1993, 1996, 2001 and 2004) [Member]
Stock-based compensation additional disclosure
graded vesting period (in years)		five to six years
maximum term (in years)		10
Options restricted shares and restricted stock units under stock incentive plans for non-employee directors (1995, 1998 and 2007) [Member]
Stock-based compensation additional disclosure
graded vesting period (in years)		six months to one year
maximum term (in years)		10
Computer and communications software and equipment [Member]
Property, Plant and Equipment [Line Items]
Weighted average estimated useful lives (in years)		3.5
Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Weighted average estimated useful lives (in years)		32.6
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Weighted average estimated useful lives (in years)		9.2
Furniture and other equipment [Member]
Property, Plant and Equipment [Line Items]
Weighted average estimated useful lives (in years)		6.6
Leased land [Member]
Property, Plant and Equipment [Line Items]
Weighted average estimated useful lives (in years)		99

CASH EQUIVALENTS. (Detail)

CASH EQUIVALENTS. (Detail) (USD $)
In Millions	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Cash Equivalents (Detail)
cash equivalent investments in our sponsored money market mutual funds	676.5	555.6
Dividend income from money market funds	1.6	17.5	$38

15_INFORMATION ABOUT RECEIVABLE

INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. (Detail) (USD $)
	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Information about Receivables, Revenues, and Services (Detail)
Accounts receivable and accrued revenue	$246,200,000	$177,300,000
Investment advisory fees	1,546,100,000	1,761,000,000	1,879,100,000
Average assets under management	321,300,000,000	358,200,000,000	374,200,000,000
Period end assets under management	391,300,000,000	276,300,000,000
Percentage of period end assets under management from foreign countries	0.12
Sponsored mutual funds in the U.S. [Member]
Information about Receivables, Revenues, and Services (Detail)
Accounts receivable and accrued revenue	130,100,000	95,000,000
Investment advisory fees	1,068,300,000	1,238,800,000	1,353,300,000
Average assets under management	191,800,000,000	216,100,000,000	232,800,000,000
Period end assets under management	232,700,000,000	164,400,000,000
Fees for advisory-related admnistrative services	249,900,000	282,600,000	273,900,000
Stock and blended asset funds [Member]
Information about Receivables, Revenues, and Services (Detail)
Investment advisory fees	843,700,000	1,031,400,000	1,168,700,000
Average assets under management	139,500,000,000	168,600,000,000	191,100,000,000
Period end assets under management	172,700,000,000	117,900,000,000
Bond and money market funds [Member]
Information about Receivables, Revenues, and Services (Detail)
Investment advisory fees	224,600,000	207,400,000	184,600,000
Average assets under management	52,300,000,000	47,500,000,000	41,700,000,000
Period end assets under management	60,000,000,000	46,500,000,000
Other portfolios [Member]
Information about Receivables, Revenues, and Services (Detail)
Investment advisory fees	477,800,000	522,200,000	525,800,000
Average assets under management	129,500,000,000	142,100,000,000	141,400,000,000
Period end assets under management	$158,600,000,000	$111,900,000,000

16_INVESTMENTS IN SPONSORED MUT

INVESTMENTS IN SPONSORED MUTUAL FUNDS. (Detail) (USD $)
In Millions	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Investments in Sponsored Mutual Funds (Detail)
Investments in sponsored mutual funds	677.5	513.5
Dividends from fund investments, excluding capital gain distributions	9.8	10.4	8.3
Stock and blended asset funds [Member]
Investments in Sponsored Mutual Funds (Detail)
Aggregate cost	278.6	345.7
Unrealized holding gains	125.7	6.5
Unrealized holding losses	0	-37.4
Investments in sponsored mutual funds	404.3	314.8
Bond funds [Member]
Investments in Sponsored Mutual Funds (Detail)
Aggregate cost	238.9	185.3
Unrealized holding gains	34.3	16.3
Unrealized holding losses	0	-2.9
Investments in sponsored mutual funds	273.2	198.7
Investment in sponsored mutual funds [Member]
Investments in Sponsored Mutual Funds (Detail)
Aggregate cost	517.5	531
Unrealized holding gains	160	22.8
Unrealized holding losses	0	-40.3
Fair value of securities with temporary unrealized holding losses		195.2
Debt securities held by savings bank subsidiary [Member]
Investments in Sponsored Mutual Funds (Detail)
Aggregate cost	179.3	169
Unrealized holding gains	4.4	1.3
Fair value of securities with temporary unrealized holding losses	24.2	53.9

17_DEBT SECURITIES HELD BY AND

DEBT SECURITIES HELD BY AND CUSTOMER DEPOSITS AT SAVINGS BANK SUBSIDIARY. (Detail) (USD $)
In Millions	12 Months Ended Dec. 31, 2009	Dec. 31, 2008
Investments with temporary impairment (41 securities in 2009) of (unrealized holding gains (losses))
Debt securities held by savings bank subsidiary	182.6	$166
Estimated fair value of customer deposit liability, basis for measurement	The estimated fair value of our customer deposit liability, based on discounting expected cash outflows at maturity dates that range up to five years, using current interest rates offered for deposits with the same dates of maturity,
Estimated fair value of customer deposit liability	164.9	162.3
Stock and blended asset funds [Member]
Investments with temporary impairment (41 securities in 2009) of (unrealized holding gains (losses))
Unrealized holding gains	125.7	6.5
Aggregate cost	278.6	345.7
Bond funds [Member]
Investments with temporary impairment (41 securities in 2009) of (unrealized holding gains (losses))
Unrealized holding gains	34.3	16.3
Aggregate cost	238.9	185.3
Investment in sponsored mutual funds [Member]
Investments with temporary impairment (41 securities in 2009) of (fair values)
Fair value of securities with temporary unrealized holding losses		195.2
Investments with temporary impairment (41 securities in 2009) of (unrealized holding gains (losses))
Unrealized holding gains	160	22.8
Aggregate cost	517.5	531
Debt securities held by savings bank subsidiary [Member]
Investments with temporary impairment (41 securities in 2009) of (fair values)
Less than 12 months	14.4	40.1
12 months or more	9.8	13.8
Fair value of securities with temporary unrealized holding losses	24.2	53.9
Investments with temporary impairment (41 securities in 2009) of (unrealized holding gains (losses))
Less than 12 months	-0.3	-2.6
12 months or more	-0.8	-1.7
Unrealized holding losses	-1.1	-4.3
Investments with unrealized holding gains	158.4	112.1
Unrealized holding gains	4.4	1.3
Net unrealized holding gains (losses)	3.3	(3)
Aggregate cost	179.3	$169
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Cause	The unrealized losses in these investments were generally caused by changes in interest rates and market liquidity, and not by changes in credit quality.
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Other	We intent to hold these securities to their maturities, which generally correlate to the maturities of our customer deposits, and believe it is more likely than not that we will not be required to sell any of these securities before recovery of their amortized cost. Accordingly, impairment of these investments is considered temporary.

18_DEBT SECURITIES HELD BY AND

DEBT SECURITIES HELD BY AND CUSTOMER DEPOSITS AT SAVINGS BANK SUBSIDIARY (Detail) (Parenthetical) (USD $)
	Dec. 31, 2009
Debt Securities Held By And Customer Deposits At Savings Bank Subsidiary (Detail) (Parenthetical) [Abstract]
Number of investments with temporary impairment	41

OTHER INVESTMENTS. (Detail)

OTHER INVESTMENTS. (Detail) (USD $)
	0 Months Ended Jan. 20, 2010	0 Months Ended Dec. 31, 2009	Dec. 31, 2008	Dec. 31, 2009 10% Interest in Daiwa SB Investments Ltd. (Japan) [Member]	Dec. 31, 2008 10% Interest in Daiwa SB Investments Ltd. (Japan) [Member]	Dec. 31, 2009 Other investments [Member]	Dec. 31, 2008 Other investments [Member]	0 Months Ended Jan. 20, 2010 26% Interest in UTI Asset Management Company (India) [Member]	1 Months Ended Dec. 31, 2009 26% Interest in UTI Asset Management Company (India) [Member]	Jan. 20, 2010 26% Interest in UTI Asset Mangement Company (India), Purchase Price [Member]	Jan. 20, 2010 26% Interest in UTI Asset Management Company (India), Transaction Costs [Member]
Other Investments (Detail)
Cost method investments				$13,600,000	$13,600,000	$27,800,000	$26,500,000
Equity method investments [Abstract]
Equity method investments		1,600,000	500,000
Sponsored mutual fund investments held as trading		1,800,000	1,300,000
INR non-deliverable forward contract		900,000
Total other investments		45,700,000	41,900,000
Subsequent Investment in UTI Asset Managment [Text Block]	On January 20, 2010, we purchased a 26% equity interest in UTI Asset Management Company and an affiliate from existing stockholders for 6.5 billion Indian rupees (INR) or $142.4 million, plus transaction costs of about $3.5 million. UTI Asset Management Company is an unlisted company in India with approximately $17.8 billion in average assets under management in December 2009. We will account for this investment using the equity method.
Equity Method Investment, Ownership Percentage								0.26
Equity Method Investment, Aggregate Cost										142,400,000	3,500,000
Equity Method Investment, Additional Information								UTI Asset Management Company is an unlisted company in India with approximately $17.8 billion in average assets under management in December 2009.
Average assets under management of equity method investee									17,800,000,000
Gains (losses) recognized on INR non-deliverable forward contract	2,200,000	300,000
Commitment to fund other investments		$35,400,000

FAIR VALUE MEASUREMENTS. (Detai

FAIR VALUE MEASUREMENTS. (Detail) (USD $)
In Millions	Dec. 31, 2009 Investment in sponsored mutual funds held as available-for-sale [Member] Level 1 [Member]	Dec. 31, 2008 Investment in sponsored mutual funds held as available-for-sale [Member] Level 1 [Member]	Dec. 31, 2009 Investment in sponsored mutual funds held as trading [Member] Level 1 [Member]	Dec. 31, 2008 Investment in sponsored mutual funds held as trading [Member] Level 1 [Member]	Dec. 31, 2009 Debt securities held by savings bank subsidiary [Member] Level 2 [Member]	Dec. 31, 2008 Debt securities held by savings bank subsidiary [Member] Level 2 [Member]	Dec. 31, 2009 Level 1 [Member]	Dec. 31, 2008 Level 1 [Member]	Dec. 31, 2009 Level 2 [Member]	Dec. 31, 2008 Level 2 [Member]
Fair Value Measurements (Detail)
Cash equivalents							676.5	555.6
Investments	677.5	513.5	1.8	1.3	182.6	166
INR non-deliverable forward contract							0.9
Total							1356.7	1070.4	182.6	$166

PROPERTY AND EQUIPMENT. (Detail

PROPERTY AND EQUIPMENT. (Detail) (USD $)
In Millions	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Property and equipment table elements
Property and equipment, gross	855.5	731.9
Less accumulated depreciation and amortization	342.7	291.8
Property and equipment	512.8	440.1
Leases [Text Block]	We occupy certain office facilities, and rent computer and other equipment under noncancelable operating leases. Related rental expense was $26.6 million in 2007, $28.2 million in 2008, and $29.1 million in 2009. Future minimum payments under these leases aggregate $27.8 million in 2010, $27.0 million in 2011, $25.2 million in 2012, $24.9 million in 2013, $24.5 million in 2014, and $69.1 million in later years.
Operating Leases, Rent Expense	29.1	28.2	26.6
Future minimum operating lease payments due in 2010	27.8
Future minimum operating lease payments, due in 2011	27
Future minimum operating lease payments, due in 2012	25.2
Future minimum operating lease payments, due in 2013	24.9
Future minimum operating lease payments, due in 2014	24.5
Future minimum operating lease payments, due in later years	69.1
Computer and communications software and equipment [Member]
Property and equipment table elements
Property and equipment, gross	267.7	250.6
Buildings and improvements [Member]
Property and equipment table elements
Property and equipment, gross	361.1	271.8
Leasehold improvements [Member]
Property and equipment table elements
Property and equipment, gross	78.7	77.5
Furniture and other equipment [Member]
Property and equipment table elements
Property and equipment, gross	109.2	109.6
Land [Member]
Property and equipment table elements
Property and equipment, gross	36.1	19.7
Leased land [Member]
Property and equipment table elements
Property and equipment, gross	2.7	2.7
Software and Software Development Costs [Member]
Property and equipment table elements
Property and equipment, additions	7.5	10.9	8.9

INTANGIBLE ASSETS. (Detail)

INTANGIBLE ASSETS. (Detail) (USD $)
In Millions	Dec. 31, 2009	Dec. 31, 2008
Intangible Assets (Detail)
Mutual fund customer relationship intangible assets	$2	2.5

INCOME TAXES. (Detail)

INCOME TAXES. (Detail) (USD $)
In Millions	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007	Dec. 31, 2006
Current income taxes
U.S. federal	232.5	265.9	327.7
Foreign	26.5	33.6	40.9
State and local	32	39.3	53.3
Deferred income tax benefits	-35.7	-33.4	-15.7
Provision for income taxes	255.3	305.4	406.2
Deferred tax liabilities
Related to property and equipment	(18)	-17.1
Recognized in other comprehensive income on net unrealized holding gains	-61.4	0
Other	-3.9	-3.1
Total deferred tax liabilities	-83.3	-20.2
Deferred tax assets
Related to stock-based compensation	90.6	68.2
Related to other than temporary impairments of investments in sponsored mutual funds	48.3	35.9
Related to accrued compensation	2.3	3
Recognized in other comprehensive loss on net unrealized holding losses	0	7.4
Other	6.4	4.3
Total deferred tax assets	147.6	118.8
Net deferred tax asset	64.3	98.6
Tax refund receivables included in other assets	18.1	46.2
Income taxes paid included in cash outflows from operating activities	221.6	289.9	329.6
Additional income tax benefits from stock-based compensation plans activity that reduced the amount of income taxes that would have otherwise been payable	33.1	69.7	96.9
Statutory U.S. federal income tax rate (percentage as a decimal)	0.35	0.35	0.35
State income taxes for current year, net of federal income tax benefits (percentage as a decimal)	0.031	0.033	0.03
Other items (percentage as a decimal)	-0.01	0.001	-0.003
Effective income tax rate (percentage as a decimal)	0.371	0.384	0.377
Unrecognized tax benefits [Text Block]	The following table reconciles our unrecognized tax benefits (in millions) during the year: 2007 2008 2009 Balance at beginning of year $ 3.0 $ 4.8 $ 6.3 Changes in tax positions related to Current year 1.5 1.3 1.1 Prior years .3 .2 (.4) Balance at year end $ 4.8 $ 6.3 $ 7.0 If recognized, these tax benefits would affect our effective tax rate; however, we do not expect that unrecognized tax benefits for tax positions taken with respect to 2009 and prior years will significantly change in 2010. Our United States federal tax obligations have been settled through the year 2000. Net interest recoverable recognized in our balance sheets was $3.5 million at December 31, 2008, and $4.5 million at December 31, 2009. Our accounting policy with respect to interest and penalties arising from income tax settlements is to recognize them as part of our provision for income taxes. Interest recognized as part of our provision for income taxes was not material.
Balance at beginning of year	6.3	4.8	3
Additions for tax positions related to
Current year	1.1	1.3	1.5
Prior years	-0.4	0.2	0.3
Balance at year end	7	6.3	4.8	3
Unrecognized tax benefits that would impact effective tax rate, if recognized	7	6.3	4.8
Open Tax Years by Major Tax Jurisdiction	Our United States federal tax obligations have been settled through the year 2000.
Net interest recoverable	4.5	3.5
Relating to the recognition of stock-based compensation expense [Member]
Current income taxes
Deferred income tax benefits	-22.4	-23.9	-25.7
Attributable to other than temporary impairments recognized on our sponsored mutual fund investments [Member]
Current income taxes
Deferred income tax benefits	-12.4	-31.9
From the reversal of temporary differences related to property and equipment and the use of foreign net operating loss carryforwards [Member]
Current income taxes
Deferred income tax benefits			8.1
Relating to property and equipment [Member]
Current income taxes
Deferred income tax benefits		17.4

COMMON STOCK. (Detail)

COMMON STOCK. (Detail) (USD $)
In Millions, except Share data, unless otherwise specified	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Common Stock (Detail)
Repurchase authorization	The Board of Directors has authorized the future repurchase of up to 12,409,110 common shares as of December 31, 2009.
Shares authorized for future repurchase	12,409,110
Unsettled liability for common stock repurchases made prior to year end		$4
Dividends declared per share (in dollars per share)	1	0.96	0.75
Option and restricted stock unit plans [Member]
Common Stock (Detail)
Unissued common shares authorized for issuance	57,346,800
Employee stock purchase plan [Member]
Common Stock (Detail)
Unissued common shares authorized for issuance	3,360,000

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Detail) (USD $)
In Millions, except Share data, unless otherwise specified	3 Months Ended Dec. 31, 2010	3 Months Ended Sep. 30, 2010	3 Months Ended Jun. 30, 2010	3 Months Ended Mar. 31, 2010	12 Months Ended Dec. 31, 2010	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007	36 Months Ended Dec. 31, 2014
Stock option rollforward elements
Outstanding at beginning of year				39,269,159	39,269,159	39,037,741
Exercised						(5,152,674)
Forfeited						(826,900)
Expired						(481,763)
Outstanding at end of year						39,269,159	39,037,741
Exercisable at end of year						23,407,860
Weighted-average exercise price of options outstanding at beginning of year (in dollars per option)				38.1	38.1	36.52
Weighted-average exercise price of options exercised (in dollars per option)						22.49
Weighted-average exercise price of options forfeited (in dollars per option)						44.45
Weighted-average exercise price of options expired (in dollars per option)						45.64
Weighted-average exercise price of options outstanding at end of year (in dollars per option)						38.1	36.52
Weighted-average exercise price of options exercisable at end of year (in dollars per option)						33.48
Weighted average remaining contractual term of options outstanding at end of year (in years)						6.1
Weighted average remaining contractual term of options exercisable at end of year (in years)						4.6
Stock option-based compensation expense						72.1	71.7	71.8
Total intrinsic value of options exercised						115.7	230.4	300.1
Total intrinsic value of in-the-money options outstanding						619.4
Total intrinsic value of options exercisable						472.3
Nonvested restricted shares and restricted stock units rollforward
Weighted-average fair value of nonvested restricted shares and restricted stock units at beginning of year (in dollars per share)				46.19	46.19	54.28
Weighted-average fair value of restricted shares and restricted stock units granted to employees and directors (in dollars per share)						36.79
Weighted-average fair value of restricted shares and restricted stock units vested (value at vest date was $10.0 million) (in dollars per share)						53.46
Weighted-average fair value of restricted shares and restricted stock units forfeited (in dollars per share)						49.65
Weighted-average fair value of nonvested restricted shares and restricted stock units at end of year (in dollars per share)						46.19	54.28
Restricted shares and restricted stock unit compensation expense						17	13.8	8
Vested restricted stock units						15,143
Future stock-based compensation expense
Future stock-based compensation to be recognized	12.6	17.5	18.1	18.2	66.4				64.1
Total						130.5
Restricted shares [Member]
Nonvested restricted shares and restricted stock units rollforward
Nonvested at beginning of year				587,919	587,919	475,194
Granted to employees and directors						270,500
Vested (value at vest date was $10.0 million)						(136,787)
Forfeited						(20,988)
Nonvested at end of year						587,919	475,194
Restricted stock units [Member]
Nonvested restricted shares and restricted stock units rollforward
Nonvested at beginning of year				310,951	310,951	233,539
Granted to employees and directors						165,450
Vested (value at vest date was $10.0 million)						(68,288)
Forfeited						(19,750)
Nonvested at end of year						310,951	233,539
Semiannual grants [Member]
Stock option rollforward elements
Grants						6,197,940
Weighted-average exercise price of option grants (in dollars per option)						36.22
Reload grants [Member]
Stock option rollforward elements
Grants						479,815
Weighted-average exercise price of option grants (in dollars per option)						42.03
Stock option-based compensation expense						4.1	5.6	8.6
New hire grants [Member]
Stock option rollforward elements
Grants						7,000
Weighted-average exercise price of option grants (in dollars per option)						36.4
Non-employee director grants [Member]
Stock option rollforward elements
Grants						8,000
Weighted-average exercise price of option grants (in dollars per option)						44.3

19_STOCK-BASED COMPENSATION (De

STOCK-BASED COMPENSATION (Detail) (Parenthetical) (USD $)
In Millions	12 Months Ended Dec. 31, 2009
Nonvested restricted shares and restricted stock units rollforward
Total fair value at vest date of restricted shares and restricted stock units	$10

20_EARNINGS PER SHARE CALCULATI

EARNINGS PER SHARE CALCULATIONS. (Detail) (USD $)
Share data in Millions	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Earnings Per Share Calculations (Detail)
Net income	$433,600,000	$490,800,000	$670,600,000
Less: net income allocated to outstanding restricted stock and stock units	(1,500,000)	(1,100,000)	(800,000)
Net income allocated to common stockholders (basic)	432,100,000	489,700,000	669,800,000
Net income allocated to common stockholders (diluted)	432,100,000	489,700,000	669,800,000
Weighted average shares
Outstanding	255.9	259.3	264.8
Outstanding assuming dilution	262.3	269.9	279.1
Antidilutive securities
Out-of-the-money options	19.9
Weighted average exercise price of out-of-the-money options (in dollars per option)	48.2

21_INVESTMENT GAINS (LOSSES) AN

INVESTMENT GAINS (LOSSES) AND OTHER COMPREHENSIVE INCOME (LOSS). (Detail) (USD $)
In Millions	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Reconciliation of net unrealized holding gains or losses to amounts recognized in other comprehensive income or loss
Net unrealized holding gains (losses)	156.8	-257.7	67.5
Reconciling amounts recognized in non-operating investment income (loss) [Abstract]
Capital gain distributions received	(2)	-5.6	-22.1
Other than temporary impairments	36.1	91.3	0.3
Net losses (gains) realized on dispositions, determined using average cost	-7.1	4.5	-5.5
Net unrealized holding gains (losses) recognized in other comprehensive income (loss), before taxes	183.8	-167.5	40.2
Deferred tax benefits (income taxes)	-68.8	59.4	-14.5
Net unrealized holding gains (losses) recognized in other comprehensive income (loss)	115	-108.1	25.7
Components of accumulated other comprehensive income or loss
Net unrealized holding gains (losses)	163.3	-20.5
Deferred tax benefits (income taxes)	-61.4	7.4
Accumulated other comprehensive income (loss)	101.9	-13.1
Accumulated other comprehensive income (loss) [Member]
Reconciling amounts recognized in non-operating investment income (loss) [Abstract]
Net unrealized holding gains (losses) recognized in other comprehensive income (loss)	115	-108.1	25.7
Investment in sponsored mutual funds [Member]
Reconciliation of net unrealized holding gains or losses to amounts recognized in other comprehensive income or loss
Net unrealized holding gains (losses)	150.8	-254.7	66
Reconciling amounts recognized in non-operating investment income (loss) [Abstract]
Capital gain distributions received	(2)	-5.6	-22.1
Other than temporary impairments	36.1	91.3	0.3
Net losses (gains) realized on dispositions, determined using average cost	-7.4	4.5	-5.5
Net unrealized holding gains (losses) recognized in other comprehensive income (loss), before taxes	177.5	-164.5	38.7
Deferred tax benefits (income taxes)	-66.6	58.4	(14)
Net unrealized holding gains (losses) recognized in other comprehensive income (loss)	110.9	-106.1	24.7
Components of accumulated other comprehensive income or loss
Net unrealized holding gains (losses)	160	-17.5
Debt securities held by savings bank subsidiary [Member]
Reconciliation of net unrealized holding gains or losses to amounts recognized in other comprehensive income or loss
Net unrealized holding gains (losses)	6	(3)	1.5
Reconciling amounts recognized in non-operating investment income (loss) [Abstract]
Capital gain distributions received	0	0	0
Other than temporary impairments	0	0	0
Net losses (gains) realized on dispositions, determined using average cost	0.3	0	0
Net unrealized holding gains (losses) recognized in other comprehensive income (loss), before taxes	6.3	(3)	1.5
Deferred tax benefits (income taxes)	-2.2	1	-0.5
Net unrealized holding gains (losses) recognized in other comprehensive income (loss)	4.1	(2)	1
Components of accumulated other comprehensive income or loss
Net unrealized holding gains (losses)	3.3	($3)

OTHER DISCLOSURES. (Detail)

OTHER DISCLOSURES. (Detail) (USD $)
In Millions	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Other Disclosures (Detail)
Amount of restricted net assets for consolidated subsidiaries	$75
Contingencies Disclosure [Text Block]	From time to time, various claims against us arise in the ordinary course of business, including employment-related claims. In the opinion of management, after consultation with counsel, the likelihood that an adverse determination in one or more pending claims would have a material adverse effect on our financial position or results of operations is remote.
Compensation expense for defined contribution retirement plans	41.2	43.6	44.1

22_SUPPLEMENTARY QUARTERLY FINA

SUPPLEMENTARY QUARTERLY FINANCIAL DATA. (Unaudited) (Detail) (USD $)
In Millions, unless otherwise specified	3 Months Ended Dec. 31, 2009	3 Months Ended Sep. 30, 2009	3 Months Ended Jun. 30, 2009	3 Months Ended Mar. 31, 2009	3 Months Ended Dec. 31, 2008	3 Months Ended Sep. 30, 2008	3 Months Ended Jun. 30, 2008	3 Months Ended Mar. 31, 2008	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Selected Quarterly Financial Information [Abstract]
Net revenues	542.6	498.1	442.2	384.5	415.9	554.8	586.5	559.1	1867.4	2116.3	2228.3
Net income	152.5	132.9	100	48.2	24.3	152.8	162.2	151.5	433.6	490.8	670.6
Earnings per share on common stock
Basic (in dollars per share)	0.59	0.52	0.39	0.19	0.09	0.59	0.62	0.58	1.69	1.89	2.53
Diluted (in dollars per share)	0.57	0.5	0.38	0.19	0.09	0.56	0.59	0.55	1.65	1.81	2.4
Retained earnings [Member]
Selected Quarterly Financial Information [Abstract]
Net income									433.6	490.8	670.6

Document and Entity Information

Document and Entity Information (USD $)
In Billions, except Share data, unless otherwise specified	12 Months Ended Dec. 31, 2009	Jan. 31, 2010
Document and Entity Information
Entity Registrant Name	PRICE T ROWE GROUP INC
Entity Central Index Key	0001113169
Document Type	10-K
Document Period End Date	2009-12-31
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float		10.8
Entity Common Stock, Shares Outstanding		258,993,142
Entity Tax Identification Number	522264646
Entity Accounting Standard	US GAAP
Entity Incorporation, State Country Name	Maryland
Entity Number of Employees (an unrounded number of employees)	4,802
Entity Address, Address Description	Principal
Entity Address, Address Line One	100 East Pratt Street
Entity Address, City or Town	Baltimore
Entity Address, State or Province	Maryland
Entity Address, Country	United States of America
Entity Address, Postal Zip Code	21202
Trading Symbol	TROW
Entity Listing, Par Value Per Share (in dollars per share)	0.2