T. Rowe Price (TROW) 10-Q 24 Jul 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	6 Months Ended
	Jun. 30, 2014	Jul. 22, 2014
Document and Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Current Fiscal Year End Date	'--12-31	'
Document Fiscal Period Focus	'Q2	'
Document Fiscal Year Focus	'2014	'
Entity Registrant Name	'PRICE T ROWE GROUP INC	'
Entity Incorporation, State Country Name	'Maryland	'
Entity Tax Identification Number	'522264646	'
Entity Address, Address Line One	'100 East Pratt Street	'
Entity Address, City or Town	'Baltimore	'
Entity Address, State or Province	'Maryland	'
Entity Address, Postal Zip Code	'21202	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Listing, Par Value Per Share (in dollars per share)	$0.20	'
Entity Common Stock, Shares Outstanding (shares)	'	263,053,569
Entity Central Index Key	'0001113169	'
Amendment Flag	'false	'

UNAUDITED_CONDENSED_CONSOLIDAT

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
ASSETS	'	'
Cash and cash equivalents	$1,704.30	$1,398
Accounts receivable and accrued revenue	426	398.8
Investments in sponsored funds	1,791.70	1,611.90
Other investments	411.3	313.6
Property and equipment	576.2	572.9
Goodwill	665.7	665.7
Other assets	93.8	72.2
Total assets	5,669	5,033.10
Liabilities	'	'
Accounts payable and accrued expenses	121.2	103.9
Accrued compensation and related costs	244.1	72.4
Income taxes payable	30.1	38.7
Total liabilities	395.4	215
Commitments and contingent liabilities	'	'
Stockholders’ equity	'	'
Preferred stock, undesignated, $.20 par value – authorized and unissued 20,000,000 shares	'	'
Common stock, $.20 par value - authorized 750,000,000; issued 262,073,000 shares in 2013 and 263,017,000 in 2014	52.6	52.4
Additional capital in excess of par value	957.1	894.6
Retained earnings	4,061	3,682.80
Accumulated other comprehensive income	202.9	188.3
Total stockholders’ equity	5,273.60	4,818.10
Total liabilities and stockholders’ equity	$5,669	$5,033.10

UNAUDITED_CONDENSED_CONSOLIDAT1

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Stockholders' equity	'	'
Preferred stock, par value (in dollars per share)	$0.20	$0.20
Preferred stock, shares authorized	20,000,000	20,000,000
Common stock, par value (in dollars per share)	$0.20	$0.20
Common stock, shares authorized	750,000,000	750,000,000
Common stock, shares issued	263,017,000	262,073,000

UNAUDITED_CONDENSED_CONSOLIDAT2

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)	3 Months Ended		6 Months Ended
In Millions, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenues	'	'	'	'
Investment advisory fees	$855.30	$739.70	$1,681.70	$1,442.60
Administrative fees	93.6	86.4	188.1	172.7
Distribution and servicing fees	35.4	28.1	69.1	54.3
Net revenue of savings bank subsidiary	0	0.1	0	0.4
Net revenues	984.3	854.3	1,938.90	1,670
Operating expenses	'	'	'	'
Compensation and related costs	326.4	288.3	645.3	567.4
Advertising and promotion	14.6	19.1	37.2	44.2
Distribution and servicing costs	35.4	28.1	69.1	54.3
Depreciation and amortization of property and equipment	28	21.9	55.1	43.4
Occupancy and facility costs	36	35.1	71.4	68.1
Other operating expenses	70.8	63	138.6	121.2
Total operating expenses	511.2	455.5	1,016.70	898.6
Net operating income	473.1	398.8	922.2	771.4
Non-operating investment income	26.1	1.4	68.2	19.7
Income before income taxes	499.2	400.2	990.4	791.1
Provision for income taxes	193.4	152.4	380.3	301.4
Net income	$305.80	$247.80	$610.10	$489.70
Earnings per share on common stock	'	'	'	'
Basic (in dollars per share)	$1.16	$0.95	$2.32	$1.89
Diluted (in dollars per share)	$1.13	$0.92	$2.25	$1.83
Dividends declared per share (in dollars per share)	$0.44	$0.38	$0.88	$0.76

UNAUDITED_CONDENSED_CONSOLIDAT3

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net income	$305.80	$247.80	$610.10	$489.70
Other comprehensive income (loss)	'	'	'	'
Net unrealized holding gains (losses) on available-for-sale investments	37.4	-6.1	59.8	28.2
Reclassification adjustments related to net gains realized on dispositions recognized in non-operating investment income, determined using average cost	-11.7	-0.1	-43.7	-11.5
Total net unrealized holding gains (losses) recognized in other comprehensive income	25.7	-6.2	16.1	16.7
Currency translation adjustments	4.8	0.1	7.3	-5.1
Other comprehensive income (loss) before income taxes	30.5	-6.1	23.4	11.6
Deferred tax benefit (income taxes)	-11.6	2.5	-8.8	-5.1
Total other comprehensive income (loss)	18.9	-3.6	14.6	6.5
Total comprehensive income	$324.70	$244.20	$624.70	$496.20

UNAUDITED_CONDENSED_CONSOLIDAT4

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities	'	'
Net income	$610.10	$489.70
Adjustments to reconcile net income to net cash provided by operating activities	'	'
Depreciation and amortization of property and equipment	55.1	43.4
Stock-based compensation expense	61.8	51.6
Realized gains on dispositions of sponsored funds	-43.7	-11.5
Net gains recognized on other investments	-11.4	-0.8
Net change in trading securities held by consolidated sponsored investment portfolios	-77.2	-25.7
Other changes in assets and liabilities	130.9	181.2
Net cash provided by operating activities	725.6	727.9
Cash flows from investing activities	'	'
Investments in sponsored funds	-242	-62.5
Dispositions of sponsored funds	121.8	37
Investments in debt securities held by savings bank subsidiary	0	-16.6
Proceeds from debt securities held by savings bank subsidiary	0	23.7
Additions to property and equipment	-59.7	-41.5
Other investing activity	-7.9	2.7
Net cash used in investing activities	-187.8	-57.2
Cash flows from financing activities	'	'
Repurchases of common stock	-56.9	0
Common share issuances under stock-based compensation plans	39.5	90.9
Excess tax benefits from stock-based compensation plans	17.6	23
Dividends	-231.7	-197.7
Change in savings bank subsidiary deposits	0	-10.1
Net cash used in financing activities	-231.5	-93.9
Cash and cash equivalents	'	'
Net change during period	306.3	576.8
At beginning of year	1,398	879.1
At end of period	$1,704.30	$1,455.90

UNAUDITED_CONDENSED_CONSOLIDAT5

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $)	Total	Common stock [Member]	Additional capital in excess of par value [Member]	Retained earnings [Member]	Accumulated other comprehensive income [Member]
In Millions, except Share data in Thousands, unless otherwise specified
Balances at Dec. 31, 2013	$4,818.10	$52.40	$894.60	$3,682.80	$188.30
Balances (shares) at Dec. 31, 2013	262,073	'	'	'	'
Net income	610.1	'	'	610.1	'
Other comprehensive income, net of tax	14.6	'	'	'	14.6
Dividends	-231.7	'	'	-231.7	'
Common stock-based compensation plans activity	'	'	'	'	'
Shares issued upon option exercises (shares)	'	1,393	'	'	'
Shares issued upon option exercises	40	0.3	39.7	'	'
Restricted shares issued, net of shares withheld for taxes (shares)	'	385	'	'	'
Restricted shares issued, net of shares withheld for taxes	-0.1	0.1	-0.2	'	'
Shares issued upon vesting of restricted stock units, net of shares withheld for taxes (shares)	'	3	'	'	'
Shares issued upon vesting of restricted stock units, net of shares withheld for taxes	-0.1	0	-0.1	'	'
Forfeiture of restricted awards (shares)	'	-111	'	'	'
Forfeiture of restricted awards	0	0	0	'	'
Net tax benefits	17.8	'	17.8	'	'
Stock-based compensation expense	61.8	'	61.8	'	'
Restricted stock units issued as dividend equivalents	0	'	0.2	-0.2	'
Common shares repurchased (shares)	'	-726	'	'	'
Common shares repurchased	-56.9	-0.2	-56.7	0	'
Balances at Jun. 30, 2014	$5,273.60	$52.60	$957.10	$4,061	$202.90
Balances (shares) at Jun. 30, 2014	263,017	'	'	'	'

THE_COMPANY_AND_BASIS_OF_PREPA

THE COMPANY AND BASIS OF PREPARATION.	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
The company and basis of preparation	'
	NOTE 1	– THE COMPANY AND BASIS OF PREPARATION.
	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 U.S. mutual funds and other investment portfolios, including separately managed accounts, subadvised funds, and other sponsored investment portfolios. We also provide our investment advisory clients with related administrative services, including distribution, mutual fund transfer agent, accounting, and shareholder services; participant recordkeeping and transfer agent services for defined contribution retirement plans; 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.
	These unaudited condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States, which require the use of estimates and reflect all adjustments that are, in the opinion of management, necessary to a fair statement of our results for the interim periods presented. All such adjustments are of a normal recurring nature. Actual results may vary from our estimates. Certain prior year items have been reclassified to conform to current year presentation.
	The unaudited interim financial information contained in these condensed consolidated financial statements should be read in conjunction with the consolidated financial statements contained in our 2013 Annual Report.

INFORMATION_ABOUT_RECEIVABLES_

INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES.	6 Months Ended
	Jun. 30, 2014
Information about Receivables, Revenues, and Services [Abstract]	'
Information about receivables, revenues, and services	'
	NOTE 2	– INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES.
	Accounts receivable from our sponsored mutual funds for advisory fees and advisory-related administrative services aggregate $221.9 million at December 31, 2013, and $234.2 million at June 30, 2014.
	Revenues (in millions) from advisory services provided under agreements with our sponsored mutual funds and other investment clients include:
		Three months ended				Six months ended
		6/30/13		6/30/14		6/30/13		6/30/14
	Sponsored U.S. mutual funds
	Stock and blended asset	$	425.4	$	514.7	$	824.3	$	1,012.00
	Bond and money market	94		98.7		185.7		192.2
		519.4		613.4		1,010.00		1,204.20
	Other investment portfolios
	Stock and blended asset	179.6		202.4		350.7		399.3
	Bond, money market, and stable value	40.7		39.5		81.9		78.2
		220.3		241.9		432.6		477.5
	Total	$	739.7	$	855.3	$	1,442.60	$	1,681.70
	The following table summarizes the investment portfolios and assets under management (in billions) on which we earn advisory fees.
		Average during				Average during
		the second quarter of				the first half of
		2013		2014		2013		2014
	Sponsored U.S. mutual funds
	Stock and blended asset	$	289.3	$	355	$	281.4	$	350.6
	Bond and money market	93.2		100.9		92.3		98.7
		382.5		455.9		373.7		449.3
	Other investment portfolios
	Stock and blended asset	178.3		198.6		174.7		197.5
	Bond, money market, and stable value	64.3		62.7		64.7		62.4
		242.6		261.3		239.4		259.9
	Total	$	625.1	$	717.2	$	613.1	$	709.2
						As of
						12/31/13		6/30/14
	Sponsored U.S. mutual funds
	Stock and blended asset					$	341.7	$	367.6
	Bond and money market					93.6		103.3
						435.3		470.9
	Other investment portfolios
	Stock and blended asset					195.3		204.9
	Bond, money market, and stable value					61.8		62.6
						257.1		267.5
	Total					$	692.4	$	738.4
	Investors that we serve are primarily domiciled in the U.S.; investment advisory clients outside the U.S. account for 6.2% of our assets under management at June 30, 2014.
	The following table summarizes the other fees (in millions) earned from our sponsored U.S. mutual funds.
		Three months ended				Six months ended
		6/30/13		6/30/14		6/30/13		6/30/14
	Administrative fees	$	66	$	73.7	$	133.8	$	148.6
	Distribution and servicing fees	$	28.1	$	35.4	$	54.3	$	69.1

INVESTMENTS_IN_SPONSORED_FUNDS

INVESTMENTS IN SPONSORED FUNDS - AVAILABLE-FOR-SALE.	6 Months Ended
	Jun. 30, 2014
Available-for-sale Securities [Abstract]	'
Investments in sponsored funds - available-for-sale	'
	NOTE 3	– INVESTMENTS IN SPONSORED FUNDS - AVAILABLE-FOR-SALE.
	We make investments in our sponsored funds for general corporate investment purposes or to provide seed capital for newly formed funds. These sponsored funds (in millions) are voting interest entities and include:
		Aggregate		Unrealized holding					Aggregate
		cost		gains		losses			fair value
	31-Dec-13
	Stock and blended asset funds	$	354.7	$	302.5	$	—		$	657.2
	Bond funds	904		53.6		(2.9		)	954.7
	Total	$	1,258.70	$	356.1	$	(2.9	)	$	1,611.90
	June 30, 2014
	Stock and blended asset funds	$	493.5	$	298.7	$	—		$	792.2
	Bond funds	929.1		71.4		(1.0		)	999.5
	Total	$	1,422.60	$	370.1	$	(1.0	)	$	1,791.70
	The unrealized holding losses are attributable to six fund holdings with an aggregate fair value of $155.9 million at December 31, 2013, and three fund holdings with an aggregate fair value of $76.9 million at June 30, 2014. These unrealized losses are considered temporary.

OTHER_INVESTMENTS

OTHER INVESTMENTS.	6 Months Ended
	Jun. 30, 2014
Investments, All Other Investments [Abstract]	'
Other investments	'
	NOTE 4	– OTHER INVESTMENTS.
	These investments (in millions) include:
		12/31/13		6/30/14
	Cost method investments
	10% interest in Daiwa SB Investments Ltd. (Japan)	$	6.6	$	3
	Other investments	53.5		58.5
	Equity method investments
	26% interest in UTI Asset Management Company Limited (India)	122.6		134
	Sponsored fund investments	104.1		107.4
	Other investments	4.8		4.8
	Investments held as trading
	Sponsored fund investments	8.5		11.8
	Securities held by consolidated sponsored investment portfolios	12.5		90.8
	U.S. Treasury note	1		1
	Total	$	313.6	$	411.3
	The securities held by consolidated sponsored investment portfolios, sponsored fund investments held as trading, and the sponsored fund investments treated as equity method investments relate to investment portfolios in which we provided initial seed capital at the time of its formation. We have determined at December 31, 2013 and June 30, 2014, that these investment portfolios are voting interest entities and, as a result, have consolidated those sponsored portfolios in which we own a majority of the voting interest.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS.	6 Months Ended
	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair value measurements	'
	NOTE 5	– FAIR VALUE MEASUREMENTS.
	We determine the fair value of our investments using the following 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 investments using Level 3 inputs.
	These levels are not necessarily an indication of the risk or liquidity associated with our investments. There have been no material transfers between the levels. The following table summarizes our investments (in millions) that are recognized in our condensed consolidated balance sheets using fair value measurements determined based on the differing levels of inputs.
		Level 1		Level 2
	31-Dec-13
	Cash equivalents	$	1,288.10	$	—
	Investments in sponsored funds - available-for-sale	1,611.90		—
	Investments held as trading	21		—
	Total	$	2,921.00	$	—
	30-Jun-14
	Cash equivalents	$	1,525.90	$	—
	Investments in sponsored funds - available-for-sale	1,791.70		—
	Investments held as trading	38		64.6
	Total	$	3,355.60	$	64.6

STOCKBASED_COMPENSATION

STOCK-BASED COMPENSATION.	6 Months Ended
	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Stock-based compensation	'
	NOTE 6	– STOCK-BASED COMPENSATION.
	STOCK OPTIONS.
	The following table summarizes the status of and changes in our stock option grants during the first half of 2014.
		Options		Weighted-
				average
				exercise
				price
	Outstanding at beginning of year	31,574,958		$	52.18
	Semiannual grants	1,740,900		$	79.89
	New hire grants	17,500		$	81.99
	Non-employee director grants	8,400		$	81.8
	Exercised	(1,914,691	)	$	43.33
	Forfeited	(397,967	)	$	60.95
	Expired	(946	)	$	52.62
	Outstanding at end of period	31,028,154		$	54.19
	Exercisable at end of period	17,370,774		$	47.95
	RESTRICTED SHARES AND STOCK UNITS.
	The following table summarizes the status of and changes in our nonvested restricted shares and restricted stock units during the first half of 2014.
		Restricted		Restricted		Weighted-average
		shares		stock		fair value
				units
	Nonvested at December 31, 2013	1,877,086		823,593		$	67.21
	Granted to employees and non-employee directors - time-based	379,351		180,929		$	79.96
	Granted to employees - performance-based	6,000		34,725		$	79.89
	Vested	(13,897	)	(16,178	)	$	70.84
	Forfeited	(110,849	)	(18,741	)	$	69.45
	Nonvested at June 30, 2014	2,137,691		1,004,328		$	69.52
	The nonvested at June 30, 2014, includes 49,200 performance-based restricted shares and 153,675 performance-based restricted stock units. These performance-based restricted shares and units include 31,200 restricted shares and 90,750 restricted stock units for which the performance period has lapsed and the performance threshold has been met.
	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 June 30, 2014. Estimated future compensation expense will change to reflect future option grants; future awards of unrestricted shares, restricted shares, and restricted stock units; changes in estimated forfeitures; changes in the probability of performance thresholds being met; and adjustments for actual forfeitures.
	Third quarter 2014	$	33.4
	Fourth quarter 2014	29.7
	2015	82.9
	2016 through 2019	80.9
	Total	$	226.9

EARNINGS_PER_SHARE_CALCULATION

EARNINGS PER SHARE CALCULATIONS.	6 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Earnings per share calculations	'
	NOTE 7	– EARNINGS PER SHARE CALCULATIONS.
	The following table presents 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 diluted earnings per share on our common stock. Weighted-average common shares outstanding assuming dilution reflects the potential dilution, determined using the treasury stock method, that could occur if outstanding stock options were exercised and non-participating stock awards vested.
		Three months ended							Six months ended
		6/30/13				6/30/14			6/30/13			6/30/14
	Net income	$	247.8			$	305.8		$	489.7		$	610.1
	Less: net income allocated to outstanding restricted stock and stock unit holders	(2.0		)		(3.4		)	(3.8		)	(6.7		)
	Net income allocated to common stockholders	$	245.8			$	302.4		$	485.9		$	603.4
	Weighted-average common shares
	Outstanding	258.2				260.7			257.5			260.5
	Outstanding assuming dilution	266.2				268.7			265.6			268.7
	The following table shows the weighted-average outstanding stock options (in millions) that are excluded from the calculation of diluted earnings per common share as the inclusion of such shares would be anti-dilutive.
		Three months ended						Six months ended
		6/30/13			6/30/14			6/30/13		6/30/14
	Weighted-average outstanding stock options excluded	2.4			3.8			3		3.5

OTHER_COMPREHENSIVE_INCOME_AND

OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME.	6 Months Ended
	Jun. 30, 2014
Stockholders' Equity Note [Abstract]	'
Other comprehensive income and accumulated other comprehensive income	'
	NOTE 8 - OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME.
	The following table presents the impact of the components (in millions) of other comprehensive income (loss) on deferred tax benefits (income taxes).
		Three months ended						Six months ended
		6/30/13			6/30/14			6/30/13			6/30/14
	Deferred tax benefit (income taxes) on:
	Net unrealized holding gains (losses)	$	2.4		$	(14.6	)	$	(11.4	)	$	(23.3	)
	Reclassification adjustment recognized in the provision for income taxes related to net gains realized on dispositions	0.1			4.6			4.5			17
	Deferred tax benefit (income taxes) on net unrealized holding gains or losses	2.5			(10.0		)	(6.9		)	(6.3		)
	Deferred tax benefit (income taxes) on currency translation adjustments	—			(1.6		)	1.8			(2.5		)
	Total net deferred tax benefit (income taxes)	$	2.5		$	(11.6	)	$	(5.1	)	$	(8.8	)
	The changes (in millions) in each component of accumulated other comprehensive income, including reclassification adjustments for the first half of 2014 are presented in the table below.
		Net unrealized holding gains
		Investments in sponsored funds			Equity share of UTI’s net unrealized holding gains			Total net unrealized holding gains			Currency translation adjustments			Total
	Balances at December 31, 2013	$	215.9		$	0.4		$	216.3		$	(28.0	)	$	188.3
	Other comprehensive income before reclassifications and income taxes	59.6			0.2			59.8			7.3			67.1
	Reclassification adjustments related to net gains realized on dispositions recognized in non-operating investment income, determined using average cost	(43.7		)	—			(43.7		)	—			(43.7		)
		15.9			0.2			16.1			7.3			23.4
	Deferred income taxes	(6.2		)	(.1		)	(6.3		)	(2.5		)	(8.8		)
	Other comprehensive income	9.7			0.1			9.8			4.8			14.6
	Balances at June 30, 2014	$	225.6		$	0.5		$	226.1		$	(23.2	)	$	202.9

INFORMATION_ABOUT_RECEIVABLES_1

INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. (Tables)	6 Months Ended
	Jun. 30, 2014
Information about Receivables, Revenues, and Services [Abstract]	'
Components of revenues from advisory services	'
	Revenues (in millions) from advisory services provided under agreements with our sponsored mutual funds and other investment clients include:
		Three months ended				Six months ended
		6/30/13		6/30/14		6/30/13		6/30/14
	Sponsored U.S. mutual funds
	Stock and blended asset	$	425.4	$	514.7	$	824.3	$	1,012.00
	Bond and money market	94		98.7		185.7		192.2
		519.4		613.4		1,010.00		1,204.20
	Other investment portfolios
	Stock and blended asset	179.6		202.4		350.7		399.3
	Bond, money market, and stable value	40.7		39.5		81.9		78.2
		220.3		241.9		432.6		477.5
	Total	$	739.7	$	855.3	$	1,442.60	$	1,681.70
Components of assets under management	'
	The following table summarizes the investment portfolios and assets under management (in billions) on which we earn advisory fees.
		Average during				Average during
		the second quarter of				the first half of
		2013		2014		2013		2014
	Sponsored U.S. mutual funds
	Stock and blended asset	$	289.3	$	355	$	281.4	$	350.6
	Bond and money market	93.2		100.9		92.3		98.7
		382.5		455.9		373.7		449.3
	Other investment portfolios
	Stock and blended asset	178.3		198.6		174.7		197.5
	Bond, money market, and stable value	64.3		62.7		64.7		62.4
		242.6		261.3		239.4		259.9
	Total	$	625.1	$	717.2	$	613.1	$	709.2
						As of
						12/31/13		6/30/14
	Sponsored U.S. mutual funds
	Stock and blended asset					$	341.7	$	367.6
	Bond and money market					93.6		103.3
						435.3		470.9
	Other investment portfolios
	Stock and blended asset					195.3		204.9
	Bond, money market, and stable value					61.8		62.6
						257.1		267.5
	Total					$	692.4	$	738.4
Components of other fees	'
	The following table summarizes the other fees (in millions) earned from our sponsored U.S. mutual funds.
		Three months ended				Six months ended
		6/30/13		6/30/14		6/30/13		6/30/14
	Administrative fees	$	66	$	73.7	$	133.8	$	148.6
	Distribution and servicing fees	$	28.1	$	35.4	$	54.3	$	69.1

INVESTMENTS_IN_SPONSORED_FUNDS1

INVESTMENTS IN SPONSORED FUNDS - AVAILABLE-FOR-SALE. (Tables)	6 Months Ended
	Jun. 30, 2014
Available-for-sale Securities [Abstract]	'
Investments in sponsored funds reconciliation	'
	These sponsored funds (in millions) are voting interest entities and include:
		Aggregate		Unrealized holding					Aggregate
		cost		gains		losses			fair value
	31-Dec-13
	Stock and blended asset funds	$	354.7	$	302.5	$	—		$	657.2
	Bond funds	904		53.6		(2.9		)	954.7
	Total	$	1,258.70	$	356.1	$	(2.9	)	$	1,611.90
	June 30, 2014
	Stock and blended asset funds	$	493.5	$	298.7	$	—		$	792.2
	Bond funds	929.1		71.4		(1.0		)	999.5
	Total	$	1,422.60	$	370.1	$	(1.0	)	$	1,791.70

OTHER_INVESTMENTS_Tables

OTHER INVESTMENTS. (Tables)	6 Months Ended
	Jun. 30, 2014
Investments, All Other Investments [Abstract]	'
Components of other investments	'
	These investments (in millions) include:
		12/31/13		6/30/14
	Cost method investments
	10% interest in Daiwa SB Investments Ltd. (Japan)	$	6.6	$	3
	Other investments	53.5		58.5
	Equity method investments
	26% interest in UTI Asset Management Company Limited (India)	122.6		134
	Sponsored fund investments	104.1		107.4
	Other investments	4.8		4.8
	Investments held as trading
	Sponsored fund investments	8.5		11.8
	Securities held by consolidated sponsored investment portfolios	12.5		90.8
	U.S. Treasury note	1		1
	Total	$	313.6	$	411.3

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS. (Tables)	6 Months Ended
	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair value measurements table	'
	The following table summarizes our investments (in millions) that are recognized in our condensed consolidated balance sheets using fair value measurements determined based on the differing levels of inputs.
		Level 1		Level 2
	31-Dec-13
	Cash equivalents	$	1,288.10	$	—
	Investments in sponsored funds - available-for-sale	1,611.90		—
	Investments held as trading	21		—
	Total	$	2,921.00	$	—
	30-Jun-14
	Cash equivalents	$	1,525.90	$	—
	Investments in sponsored funds - available-for-sale	1,791.70		—
	Investments held as trading	38		64.6
	Total	$	3,355.60	$	64.6

STOCKBASED_COMPENSATION_Tables

STOCK-BASED COMPENSATION. (Tables)	6 Months Ended
	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Rollforward of stock options	'
	The following table summarizes the status of and changes in our stock option grants during the first half of 2014.
		Options		Weighted-
				average
				exercise
				price
	Outstanding at beginning of year	31,574,958		$	52.18
	Semiannual grants	1,740,900		$	79.89
	New hire grants	17,500		$	81.99
	Non-employee director grants	8,400		$	81.8
	Exercised	(1,914,691	)	$	43.33
	Forfeited	(397,967	)	$	60.95
	Expired	(946	)	$	52.62
	Outstanding at end of period	31,028,154		$	54.19
	Exercisable at end of period	17,370,774		$	47.95
Rollforward of nonvested restricted shares and restricted stock units	'
	The following table summarizes the status of and changes in our nonvested restricted shares and restricted stock units during the first half of 2014.
		Restricted		Restricted		Weighted-average
		shares		stock		fair value
				units
	Nonvested at December 31, 2013	1,877,086		823,593		$	67.21
	Granted to employees and non-employee directors - time-based	379,351		180,929		$	79.96
	Granted to employees - performance-based	6,000		34,725		$	79.89
	Vested	(13,897	)	(16,178	)	$	70.84
	Forfeited	(110,849	)	(18,741	)	$	69.45
	Nonvested at June 30, 2014	2,137,691		1,004,328		$	69.52
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 June 30, 2014. Estimated future compensation expense will change to reflect future option grants; future awards of unrestricted shares, restricted shares, and restricted stock units; changes in estimated forfeitures; changes in the probability of performance thresholds being met; and adjustments for actual forfeitures.
	Third quarter 2014	$	33.4
	Fourth quarter 2014	29.7
	2015	82.9
	2016 through 2019	80.9
	Total	$	226.9

EARNINGS_PER_SHARE_CALCULATION1

EARNINGS PER SHARE CALCULATIONS. (Tables)	6 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Earnings per share reconciliation	'
	The following table presents 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 diluted earnings per share on our common stock. Weighted-average common shares outstanding assuming dilution reflects the potential dilution, determined using the treasury stock method, that could occur if outstanding stock options were exercised and non-participating stock awards vested.
		Three months ended							Six months ended
		6/30/13				6/30/14			6/30/13			6/30/14
	Net income	$	247.8			$	305.8		$	489.7		$	610.1
	Less: net income allocated to outstanding restricted stock and stock unit holders	(2.0		)		(3.4		)	(3.8		)	(6.7		)
	Net income allocated to common stockholders	$	245.8			$	302.4		$	485.9		$	603.4
	Weighted-average common shares
	Outstanding	258.2				260.7			257.5			260.5
	Outstanding assuming dilution	266.2				268.7			265.6			268.7
Anti-dilutive securities	'
	The following table shows the weighted-average outstanding stock options (in millions) that are excluded from the calculation of diluted earnings per common share as the inclusion of such shares would be anti-dilutive.
		Three months ended						Six months ended
		6/30/13			6/30/14			6/30/13		6/30/14
	Weighted-average outstanding stock options excluded	2.4			3.8			3		3.5

OTHER_COMPREHENSIVE_INCOME_AND1

OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME. (Tables)	6 Months Ended
	Jun. 30, 2014
Stockholders' Equity Note [Abstract]	'
Impact of the components of other comprehensive income (loss) on deferred tax benefit (income tax)	'
	The following table presents the impact of the components (in millions) of other comprehensive income (loss) on deferred tax benefits (income taxes).
		Three months ended						Six months ended
		6/30/13			6/30/14			6/30/13			6/30/14
	Deferred tax benefit (income taxes) on:
	Net unrealized holding gains (losses)	$	2.4		$	(14.6	)	$	(11.4	)	$	(23.3	)
	Reclassification adjustment recognized in the provision for income taxes related to net gains realized on dispositions	0.1			4.6			4.5			17
	Deferred tax benefit (income taxes) on net unrealized holding gains or losses	2.5			(10.0		)	(6.9		)	(6.3		)
	Deferred tax benefit (income taxes) on currency translation adjustments	—			(1.6		)	1.8			(2.5		)
	Total net deferred tax benefit (income taxes)	$	2.5		$	(11.6	)	$	(5.1	)	$	(8.8	)
Changes in accumulated other comprehensive income	'
	The changes (in millions) in each component of accumulated other comprehensive income, including reclassification adjustments for the first half of 2014 are presented in the table below.
		Net unrealized holding gains
		Investments in sponsored funds			Equity share of UTI’s net unrealized holding gains			Total net unrealized holding gains			Currency translation adjustments			Total
	Balances at December 31, 2013	$	215.9		$	0.4		$	216.3		$	(28.0	)	$	188.3
	Other comprehensive income before reclassifications and income taxes	59.6			0.2			59.8			7.3			67.1
	Reclassification adjustments related to net gains realized on dispositions recognized in non-operating investment income, determined using average cost	(43.7		)	—			(43.7		)	—			(43.7		)
		15.9			0.2			16.1			7.3			23.4
	Deferred income taxes	(6.2		)	(.1		)	(6.3		)	(2.5		)	(8.8		)
	Other comprehensive income	9.7			0.1			9.8			4.8			14.6
	Balances at June 30, 2014	$	225.6		$	0.5		$	226.1		$	(23.2	)	$	202.9

INFORMATION_ABOUT_RECEIVABLES_2

INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. (Receivables from Sponsored Mutual Funds) (Detail) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Receivables from sponsored mutual funds	'	'
Accounts receivable for advisory fees and advisory-related administrative services	$426	$398.80
Sponsored U.S. mutual funds [Member]	'	'
Receivables from sponsored mutual funds	'	'
Accounts receivable for advisory fees and advisory-related administrative services	$234.20	$221.90

INFORMATION_ABOUT_RECEIVABLES_3

INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. (Investment Advisory Services) (Detail) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Investment advisory services	'	'	'	'	'
Revenues from advisory services	$855,300,000	$739,700,000	$1,681,700,000	$1,442,600,000	'
Average assets under management	717,200,000,000	625,100,000,000	709,200,000,000	613,100,000,000	'
Period end assets under management	738,400,000,000	'	738,400,000,000	'	692,400,000,000
Sponsored U.S. mutual funds [Member]	'	'	'	'	'
Investment advisory services	'	'	'	'	'
Revenues from advisory services	613,400,000	519,400,000	1,204,200,000	1,010,000,000	'
Average assets under management	455,900,000,000	382,500,000,000	449,300,000,000	373,700,000,000	'
Period end assets under management	470,900,000,000	'	470,900,000,000	'	435,300,000,000
Sponsored U.S. mutual funds [Member] | Stock and blended asset [Member]	'	'	'	'	'
Investment advisory services	'	'	'	'	'
Revenues from advisory services	514,700,000	425,400,000	1,012,000,000	824,300,000	'
Average assets under management	355,000,000,000	289,300,000,000	350,600,000,000	281,400,000,000	'
Period end assets under management	367,600,000,000	'	367,600,000,000	'	341,700,000,000
Sponsored U.S. mutual funds [Member] | Bond and money market [Member]	'	'	'	'	'
Investment advisory services	'	'	'	'	'
Revenues from advisory services	98,700,000	94,000,000	192,200,000	185,700,000	'
Average assets under management	100,900,000,000	93,200,000,000	98,700,000,000	92,300,000,000	'
Period end assets under management	103,300,000,000	'	103,300,000,000	'	93,600,000,000
Other investment portfolios [Member]	'	'	'	'	'
Investment advisory services	'	'	'	'	'
Revenues from advisory services	241,900,000	220,300,000	477,500,000	432,600,000	'
Average assets under management	261,300,000,000	242,600,000,000	259,900,000,000	239,400,000,000	'
Period end assets under management	267,500,000,000	'	267,500,000,000	'	257,100,000,000
Other investment portfolios [Member] | Stock and blended asset [Member]	'	'	'	'	'
Investment advisory services	'	'	'	'	'
Revenues from advisory services	202,400,000	179,600,000	399,300,000	350,700,000	'
Average assets under management	198,600,000,000	178,300,000,000	197,500,000,000	174,700,000,000	'
Period end assets under management	204,900,000,000	'	204,900,000,000	'	195,300,000,000
Other investment portfolios [Member] | Bond, money market, and stable value [Member]	'	'	'	'	'
Investment advisory services	'	'	'	'	'
Revenues from advisory services	39,500,000	40,700,000	78,200,000	81,900,000	'
Average assets under management	62,700,000,000	64,300,000,000	62,400,000,000	64,700,000,000	'
Period end assets under management	$62,600,000,000	'	$62,600,000,000	'	$61,800,000,000

INFORMATION_ABOUT_RECEIVABLES_4

INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. (Revenues and Services Concentration) (Detail) (Geographic Concentration [Member])	6 Months Ended
	Jun. 30, 2014
Geographic Concentration [Member]	'
Revenues and services concentration	'
Concentration Risk, Additional Characteristic	'investment advisory clients outside the U.S.
Concentration Risk, Percentage	6.20%
Concentration Risk, Benchmark Description	'assets under management at June 30, 2014

INFORMATION_ABOUT_RECEIVABLES_5

INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. (Other Fees Earned from Sponsored U.S. Mutual Funds) (Detail) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Other fees earned from sponsored U.S. mutual funds	'	'	'	'
Administrative fees	$93.60	$86.40	$188.10	$172.70
Distribution and servicing fees	35.4	28.1	69.1	54.3
Sponsored U.S. mutual funds [Member]	'	'	'	'
Other fees earned from sponsored U.S. mutual funds	'	'	'	'
Administrative fees	73.7	66	148.6	133.8
Distribution and servicing fees	$35.40	$28.10	$69.10	$54.30

INVESTMENTS_IN_SPONSORED_FUNDS2

INVESTMENTS IN SPONSORED FUNDS - AVAILABLE-FOR-SALE. (Detail) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	security	security
Investments in sponsored funds	'	'
Aggregate cost	$1,422.60	$1,258.70
Unrealized holding gains	370.1	356.1
Unrealized holding losses	-1	-2.9
Aggregate fair value	1,791.70	1,611.90
Fund holdings with temporary unrealized holding losses (number of securities)	3	6
Unrealized holding losses at December 31, 2013 are attributable to fund holdings with an aggregate fair value of	'	155.9
Unrealized holding losses at June 30, 2014 are attributable to fund holdings with an aggregate fair value of	76.9	'
Stock and blended asset funds [Member]	'	'
Investments in sponsored funds	'	'
Aggregate cost	493.5	354.7
Unrealized holding gains	298.7	302.5
Unrealized holding losses	0	0
Aggregate fair value	792.2	657.2
Bond funds [Member]	'	'
Investments in sponsored funds	'	'
Aggregate cost	929.1	904
Unrealized holding gains	71.4	53.6
Unrealized holding losses	-1	-2.9
Aggregate fair value	$999.50	$954.70

OTHER_INVESTMENTS_Detail

OTHER INVESTMENTS. (Detail) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Other investments	'	'
U.S. Treasury note	$1	$1
Total	411.3	313.6
Sponsored fund investments held as trading [Member]	'	'
Other investments	'	'
Investments held as trading	11.8	8.5
Securities held by consolidated sponsored investment portfolios [Member]	'	'
Other investments	'	'
Investments held as trading	90.8	12.5
26% interest in UTI Asset Management Company Limited (India) [Member]	'	'
Other investments	'	'
Equity method investments	134	122.6
Equity method investment (ownership percentage)	26.00%	26.00%
Sponsored fund equity method investments [Member]	'	'
Other investments	'	'
Equity method investments	107.4	104.1
Other equity method investments [Member]	'	'
Other investments	'	'
Equity method investments	4.8	4.8
10% interest in Daiwa SB Investments Ltd (Japan) [Member]	'	'
Other investments	'	'
Cost method investments	3	6.6
Cost method investment (ownership percentage)	10.00%	10.00%
Other cost method investments [Member]	'	'
Other investments	'	'
Cost method investments	$58.50	$53.50

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS. (Detail) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Fair value measurements	'	'
Investments in sponsored funds	$1,791.70	$1,611.90
Level 1 [Member]	'	'
Fair value measurements	'	'
Total	3,355.60	2,921
Level 1 [Member] | Fair Value, Measurements, Recurring [Member]	'	'
Fair value measurements	'	'
Cash equivalents	1,525.90	1,288.10
Investments in sponsored funds	1,791.70	1,611.90
Investments held as trading	38	21
Level 2 [Member]	'	'
Fair value measurements	'	'
Total	64.6	0
Level 2 [Member] | Fair Value, Measurements, Recurring [Member]	'	'
Fair value measurements	'	'
Cash equivalents	0	0
Investments in sponsored funds	0	0
Investments held as trading	$64.60	$0

STOCKBASED_COMPENSATION_Detail

STOCK-BASED COMPENSATION. (Detail) (USD $)	6 Months Ended
In Millions, except Share data, unless otherwise specified	Jun. 30, 2014
Stock options	'
Outstanding at beginning of year	31,574,958
Exercised	-1,914,691
Forfeited	-397,967
Expired	-946
Outstanding at end of period	31,028,154
Exercisable at end of period	17,370,774
Stock options, weighted-average exercise price	'
Weighted-average exercise price of options outstanding at beginning of year (in dollars per option)	$52.18
Weighted-average exercise price of options exercised (in dollars per option)	$43.33
Weighted-average exercise price of options forfeited (in dollars per option)	$60.95
Weighted-average exercise price of options expired (in dollars per option)	$52.62
Weighted-average exercise price of options outstanding at end of period (in dollars per option)	$54.19
Weighted-average exercise price of options exercisable at end of period (in dollars per option)	$47.95
Restricted shares and stock units, weighted-average fair value	'
Weighted-average fair value of nonvested restricted shares and restricted stock units at December 31, 2013 (in dollars per share)	$67.21
Weighted-average fair value of restricted shares and restricted stock units vested (in dollars per share)	$70.84
Weighted-average fair value of restricted shares and restricted stock units forfeited (in dollars per share)	$69.45
Weighted-average fair value of nonvested restricted shares and restricted stock units at June 30, 2014 (in dollars per share)	$69.52
Future stock-based compensation expense	'
Third quarter 2014 (dollars)	$33.40
Fourth quarter 2014 (dollars)	29.7
2015 (dollars)	82.9
2016 through 2019 (dollars)	80.9
Total (dollars)	$226.90
Time-based [Member]	'
Restricted shares and stock units, weighted-average fair value	'
Weighted-average fair value of restricted shares and restricted stock units granted (in dollars per share)	$79.96
Restricted shares [Member]	'
Restricted shares and stock units	'
Nonvested at December 31, 2013	1,877,086
Vested	-13,897
Forfeited	-110,849
Nonvested at June 30, 2014	2,137,691
Restricted shares [Member] | Time-based [Member]	'
Restricted shares and stock units	'
Granted	379,351
Restricted shares [Member] | Performance-based [Member]	'
Restricted shares and stock units	'
Nonvested at June 30, 2014	49,200
Restricted shares [Member] | Performance-based [Member] | Performance threshold met [Member]	'
Restricted shares and stock units	'
Nonvested at June 30, 2014	31,200
Restricted stock units [Member]	'
Restricted shares and stock units	'
Nonvested at December 31, 2013	823,593
Vested	-16,178
Forfeited	-18,741
Nonvested at June 30, 2014	1,004,328
Restricted stock units [Member] | Time-based [Member]	'
Restricted shares and stock units	'
Granted	180,929
Restricted stock units [Member] | Performance-based [Member]	'
Restricted shares and stock units	'
Nonvested at June 30, 2014	153,675
Restricted stock units [Member] | Performance-based [Member] | Performance threshold met [Member]	'
Restricted shares and stock units	'
Nonvested at June 30, 2014	90,750
Employee global long-term incentive plan [Member] | Performance-based [Member]	'
Restricted shares and stock units, weighted-average fair value	'
Weighted-average fair value of restricted shares and restricted stock units granted (in dollars per share)	$79.89
Employee global long-term incentive plan [Member] | Restricted shares [Member] | Performance-based [Member]	'
Restricted shares and stock units	'
Granted	6,000
Employee global long-term incentive plan [Member] | Restricted stock units [Member] | Performance-based [Member]	'
Restricted shares and stock units	'
Granted	34,725
Employee global long-term incentive plan [Member] | Semiannual [Member]	'
Stock options	'
Grants	1,740,900
Stock options, weighted-average exercise price	'
Weighted-average exercise price of option grants (in dollars per option)	$79.89
Employee global long-term incentive plan [Member] | New hire [Member]	'
Stock options	'
Grants	17,500
Stock options, weighted-average exercise price	'
Weighted-average exercise price of option grants (in dollars per option)	$81.99
Non-employee director [Member]	'
Stock options	'
Grants	8,400
Stock options, weighted-average exercise price	'
Weighted-average exercise price of option grants (in dollars per option)	$81.80

EARNINGS_PER_SHARE_CALCULATION2

EARNINGS PER SHARE CALCULATIONS. (Detail) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Earnings Per Share [Abstract]	'	'	'	'
Net income	$305.80	$247.80	$610.10	$489.70
Less: net income allocated to outstanding restricted stock and stock unit holders	-3.4	-2	-6.7	-3.8
Net income allocated to common stockholders (basic)	302.4	245.8	603.4	485.9
Net income allocated to common stockholders (diluted)	$302.40	$245.80	$603.40	$485.90
Weighted-average common shares	'	'	'	'
Outstanding (shares)	260.7	258.2	260.5	257.5
Outstanding assuming dilution (shares)	268.7	266.2	268.7	265.6
Weighted-average outstanding stock options excluded (options)	3.8	2.4	3.5	3

OTHER_COMPREHENSIVE_INCOME_AND2

OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME. (Deferred Tax Benefit (Income Tax)) (Detail) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Deferred tax benefit (income taxes) on:	'	'	'	'
Net unrealized holding gains (losses)	($14.60)	$2.40	($23.30)	($11.40)
Reclassification adjustment recognized in the provision for income taxes related to net gains realized on dispositions	4.6	0.1	17	4.5
Deferred tax benefit (income taxes) on net unrealized holding gains or losses	-10	2.5	-6.3	-6.9
Deferred tax benefit (income taxes) on currency translation adjustments	-1.6	0	-2.5	1.8
Total net deferred tax benefit (income taxes)	($11.60)	$2.50	($8.80)	($5.10)

OTHER_COMPREHENSIVE_INCOME_AND3

OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME. (Accumulated Other Comprehensive Income) (Detail) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Changes in each component of accumulated other comprehensive income	'	'	'	'
Accumulated other comprehensive income at December 31, 2013	'	'	$188.30	'
Other comprehensive income before reclassifications and income taxes	'	'	67.1	'
Reclassification adjustments related to net gains realized on dispositions recognized in non-operating investment income, determined using average cost	'	'	-43.7	'
Other comprehensive income (loss) before income taxes	30.5	-6.1	23.4	11.6
Deferred income taxes	-11.6	2.5	-8.8	-5.1
Other comprehensive income	18.9	-3.6	14.6	6.5
Accumulated other comprehensive income at June 30, 2014	202.9	'	202.9	'
Net unrealized holding gains [Member]	'	'	'	'
Changes in each component of accumulated other comprehensive income	'	'	'	'
Accumulated other comprehensive income at December 31, 2013	'	'	216.3	'
Other comprehensive income before reclassifications and income taxes	'	'	59.8	'
Reclassification adjustments related to net gains realized on dispositions recognized in non-operating investment income, determined using average cost	'	'	-43.7	'
Other comprehensive income (loss) before income taxes	'	'	16.1	'
Deferred income taxes	'	'	-6.3	'
Other comprehensive income	'	'	9.8	'
Accumulated other comprehensive income at June 30, 2014	226.1	'	226.1	'
Net unrealized holding gains [Member] | Investments in sponsored funds [Member]	'	'	'	'
Changes in each component of accumulated other comprehensive income	'	'	'	'
Accumulated other comprehensive income at December 31, 2013	'	'	215.9	'
Other comprehensive income before reclassifications and income taxes	'	'	59.6	'
Reclassification adjustments related to net gains realized on dispositions recognized in non-operating investment income, determined using average cost	'	'	-43.7	'
Other comprehensive income (loss) before income taxes	'	'	15.9	'
Deferred income taxes	'	'	-6.2	'
Other comprehensive income	'	'	9.7	'
Accumulated other comprehensive income at June 30, 2014	225.6	'	225.6	'
Net unrealized holding gains [Member] | Equity share of UTI’s net unrealized holding gains [Member]	'	'	'	'
Changes in each component of accumulated other comprehensive income	'	'	'	'
Accumulated other comprehensive income at December 31, 2013	'	'	0.4	'
Other comprehensive income before reclassifications and income taxes	'	'	0.2	'
Reclassification adjustments related to net gains realized on dispositions recognized in non-operating investment income, determined using average cost	'	'	0	'
Other comprehensive income (loss) before income taxes	'	'	0.2	'
Deferred income taxes	'	'	-0.1	'
Other comprehensive income	'	'	0.1	'
Accumulated other comprehensive income at June 30, 2014	0.5	'	0.5	'
Currency translation adjustments [Member]	'	'	'	'
Changes in each component of accumulated other comprehensive income	'	'	'	'
Accumulated other comprehensive income at December 31, 2013	'	'	-28	'
Other comprehensive income before reclassifications and income taxes	'	'	7.3	'
Reclassification adjustments related to net gains realized on dispositions recognized in non-operating investment income, determined using average cost	'	'	0	'
Other comprehensive income (loss) before income taxes	'	'	7.3	'
Deferred income taxes	'	'	-2.5	'
Other comprehensive income	'	'	4.8	'
Accumulated other comprehensive income at June 30, 2014	($23.20)	'	($23.20)	'