T. Rowe Price (TROW) 10-Q 25 Apr 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	Apr. 21, 2017
Document and Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,017
Entity Registrant Name	PRICE T ROWE GROUP INC
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding (shares)		241,268,309
Entity Central Index Key	1,113,169
Amendment Flag	false

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents	$ 1,580.8	$ 1,204.9
Accounts receivable and accrued revenue	482.5	455.1
Investments	1,299.5	1,257.5
Assets of consolidated sponsored investment portfolios ($1,446.1 million at December 31, 2016 and $1,167.0 million at March 31, 2017, related to variable interest entities)	1,347.6	1,680.5
Property and equipment, net	625.2	615.1
Goodwill	665.7	665.7
Other assets	274.3	346.2
Total assets	6,275.6	6,225
LIABILITIES
Accounts payable and accrued expenses	185.8	180.8
Liabilities of consolidated sponsored investment portfolios ($56.8 million at December 31, 2016, and $26.2 million at March 31, 2017, related to variable interest entities)	36.9	65.6
Accrued compensation and related costs	165	92.6
Supplemental savings plan liability	167.2	150.9
Income taxes payable	261.4	39.3
Total liabilities	816.3	529.2
Commitments and contingent liabilities
Redeemable non-controlling interests	459.1	687.2
STOCKHOLDERS’ EQUITY
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 244,784,000 shares at December 31, 2016, and 241,260,000 at March 31, 2017	48.3	49
Additional capital in excess of par value	654.6	654.5
Retained earnings	4,302.7	4,293.6
Accumulated other comprehensive income (loss)	(5.4)	11.5
Total permanent stockholders’ equity	5,000.2	5,008.6
Total liabilities, redeemable non-controlling interests, and permanent stockholders’ equity	$ 6,275.6	$ 6,225

UNAUDITED CONDENSED CONSOLIDAT3

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Assets of consolidated sponsored investment portfolios	$ 1,347.6	$ 1,680.5
Liabilities of consolidated sponsored investment portfolios	$ 36.9	$ 65.6
Stockholders' equity
Preferred stock, par value (in dollars per share)	$ 0.2	$ 0.2
Preferred stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, par value (in dollars per share)	$ 0.2	$ 0.2
Common stock, shares authorized (in shares)	750,000,000	750,000,000
Common stock, shares outstanding (in shares)	241,260,000	244,784,000
Common stock, shares issued (in shares)	241,260,000	244,784,000
Variable interest entities [Member]
Assets of consolidated sponsored investment portfolios	$ 1,167	$ 1,446.1
Liabilities of consolidated sponsored investment portfolios	$ 26.2	$ 56.8

UNAUDITED CONDENSED CONSOLIDAT4

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Revenues
Investment advisory fees		$ 991.1	$ 870.8
Administrative fees		87.3	89.4
Distribution and servicing fees		35.2	33.9
Net revenues		1,113.6	994.1
Operating expenses
Compensation and related costs		397.4	355.2
Advertising and promotion		25.6	23.1
Distribution and servicing costs		35.2	33.9
Depreciation and amortization of property and equipment	[1]	35.6	32.2
Occupancy and facility costs		45.4	41.4
Other operating expenses		102.7	97.4
Insurance recovery related to Dell appraisal rights matter		(50)	0
Total operating expenses		591.9	583.2
Net operating income		521.7	410.9
Non-operating income
Net investment income on investments		64.8	61.3
Net investment income on consolidated sponsored investment portfolios		48.9	23.8
Other income		1.3	0
Total non-operating income		115	85.1
Income before income taxes		636.7	496
Provision for income taxes		236.3	182.7
Net income	[1]	400.4	313.3
Less: net income attributable to redeemable non-controlling interests		14.5	9.2
Net income attributable to T. Rowe Price Group		$ 385.9	$ 304.1
Earnings per share on common stock of T. Rowe Price Group
Basic (in dollars per share)		$ 1.56	$ 1.21
Diluted (in dollars per share)		1.54	1.18
Dividends declared per share (in dollars per share)		$ 0.57	$ 0.54
[1]	See note 11 for a supplementary consolidating cash flow schedule.

UNAUDITED CONDENSED CONSOLIDAT5

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Net income	[1]	$ 400.4	$ 313.3
Other comprehensive income (loss)
Net unrealized holding gains (losses) on available-for-sale investments		18.3	(6.3)
Reclassification adjustments recognized in non-operating income: net gains realized on dispositions determined using average cost		(47.6)	(52.3)
Total net unrealized holding losses recognized in other comprehensive income		(29.3)	(58.6)
Currency translation adjustments		3.8	40.1
Other comprehensive loss before income taxes		(25.5)	(18.5)
Net deferred tax benefits		10.7	16.4
Total other comprehensive loss		(14.8)	(2.1)
Total comprehensive income		385.6	311.2
Less: comprehensive income attributable to redeemable non-controlling interests		16.6	32.1
Comprehensive income attributable to T. Rowe Price Group		369	279.1
Variable interest entities [Member]
Other comprehensive income (loss)
Currency translation adjustments		7	40.9
Equity method investments [Member]
Other comprehensive income (loss)
Currency translation adjustments		$ (3.2)	$ (0.8)
[1]	See note 11 for a supplementary consolidating cash flow schedule.

UNAUDITED CONDENSED CONSOLIDAT6

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities
Net income	[1]	$ 400.4	$ 313.3
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization of property and equipment	[1]	35.6	32.2
Stock-based compensation expense	[1]	36.8	36.8
Realized gains on dispositions of available-for-sale sponsored investment portfolios	[1]	(47.6)	(52.3)
Net gains recognized on other investments	[1]	(14.4)	(6.9)
Net change in trading securities held by consolidated sponsored investment portfolios	[1]	(566.3)	(458.7)
Other changes in assets and liabilities	[1]	344	208.1
Net cash provided by operating activities	[1]	188.5	72.5
Cash flows from investing activities
Purchases of available-for-sale sponsored investment portfolios	[1]	(0.2)	(2.3)
Dispositions of available-for-sale sponsored investment portfolios	[1]	123.3	176.2
Net cash of sponsored investment portfolios on consolidation (deconsolidation)	[1]	(46.5)	69.1
Additions to property and equipment	[1]	(46.9)	(35.2)
Other investing activity	[1]	(0.3)	0
Net cash provided by investing activities	[1]	29.4	207.8
Cash flows from financing activities
Repurchases of common stock	[1]	(306.1)	(206.7)
Common share issuances under stock-based compensation plans	[1]	41.9	21
Dividends paid to common stockholders of T. Rowe Price Group	[1]	(140.9)	(135.9)
Net subscriptions received from redeemable non-controlling interest holders	[1]	551.1	270.8
Net cash (used in) provided by financing activities	[1]	146	(50.8)
Effect of exchange rate changes on cash and cash equivalents of consolidated sponsored investment portfolios	[1]	(3.4)	(1.4)
Net change in cash and cash equivalents during period	[1]	360.5	228.1
Cash and cash equivalents at beginning of year	[1]	1,270.5	1,172.3
Cash and cash equivalents at end of period	[1]	$ 1,631	$ 1,400.4
[1]	See note 11 for a supplementary consolidating cash flow schedule.

UNAUDITED CONDENSED CONSOLIDAT7

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Cash and cash equivalents	$ 1,580.8	$ 1,204.9
Consolidated sponsored investment portfolios [Member]
Cash and cash equivalents	$ 50.2		$ 77.5

UNAUDITED CONDENSED CONSOLIDAT8

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - 3 months ended Mar. 31, 2017 - USD ($) shares in Thousands, $ in Millions	Total	Common stock [Member]	Additional capital in excess of par value [Member]	Retained earnings [Member]	Accumulated other comprehensive income (loss) [Member]	Restricted stock units [Member]	Restricted stock units [Member]Common stock [Member]	Restricted stock units [Member]Additional capital in excess of par value [Member]
Balances (in shares) at Dec. 31, 2016		244,784
Balances at Dec. 31, 2016	$ 5,008.6	$ 49	$ 654.5	$ 4,293.6	$ 11.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	385.9			385.9
Other comprehensive income (loss), net of tax	(16.9)				(16.9)
Dividends declared	(140.4)			(140.4)
Common stock-based compensation plans activity
Shares issued upon option exercises (shares)		1,099
Shares issued upon option exercises	42.7	$ 0.2	42.5
Shares issued, net of shares withheld for taxes (shares)							3
Shares issued, net of shares withheld for taxes						$ (0.2)	$ 0	$ (0.2)
Forfeiture of restricted awards (shares)		(4)
Forfeiture of restricted awards	0	$ 0
Stock-based compensation expense	36.8		36.8
Restricted stock units issued as dividend equivalents	0		0.1	(0.1)
Common shares repurchased (shares)		(4,622)
Common shares repurchased	(316.3)	$ (0.9)	(79.1)	(236.3)
Balances (in shares) at Mar. 31, 2017		241,260
Balances at Mar. 31, 2017	5,000.2	$ 48.3	$ 654.6	$ 4,302.7	$ (5.4)
Beginning balances attributable to redeemable non-controlling interests at Dec. 31, 2016	687.2
Increase (Decrease) in Temporary Equity [Roll Forward]
Net income attributable to redeemable non-controlling interests	14.5
Other comprehensive income (loss), net of tax, attributable to redeemable non-controlling interests	2.1
Net subscriptions into sponsored investment portfolios	523
Net deconsolidations of sponsored investment portfolios	(767.7)
Ending balances attributable to redeemable non-controlling interests at Mar. 31, 2017	$ 459.1

THE COMPANY AND BASIS OF PREPAR

THE COMPANY AND BASIS OF PREPARATION.	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
THE COMPANY AND BASIS OF PREPARATION	THE COMPANY AND BASIS OF PREPARATION. T. Rowe Price Group (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 amounts have been reclassified to conform to the 2017 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 2016 Annual Report. NEW ACCOUNTING GUIDANCE We early adopted Accounting Standards Update No. 2016-09 — Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting on July 1, 2016, which changed the accounting for certain aspects of stock-based compensation awards, including the accounting for income taxes upon settlement of awards, the classification of cash flows associated with awards, the accounting for award forfeitures, and the treatment of hypothetical tax benefits when calculating weighted-average shares outstanding assuming dilution. The guidance required adjustments to be reflected as of January 1, 2016, so we recognized adjustments related to the first and second quarter of 2016 in our condensed consolidated financial statement results for the nine months ended September 30, 2016. As such, we have revised the first quarter of 2016 financial statements reported in these statements to reflect the impact of the new guidance. In the first quarter of 2016, the recognition of net tax benefits on exercised options and vested restricted stock relative to the stock-based compensation expense reduced our previously reported income tax provision by $8.9 million . The impact (in millions) on our condensed consolidated statement of income and earnings per share on common stock data for the three months ended March 31, 2016, is as follows: As previously reported As reported Income before income taxes $ 496.0 $ 496.0 Provision for income taxes 191.6 182.7 Net income 304.4 313.3 Less: net income attributable to redeemable non-controlling interests 9.2 9.2 Net income attributable to T. Rowe Price Group $ 295.2 $ 304.1 Less: net income allocated to outstanding restricted stock and stock unit holders 5.6 5.8 Net income allocated to common stockholders $ 289.6 $ 298.3 Earnings per share on common stock of T. Rowe Price Group Basic $ 1.17 $ 1.21 Diluted $ 1.15 $ 1.18 Weighted-average common shares Outstanding 246.7 246.7 Outstanding assuming dilution 251.5 251.9 The impact (in millions) of reporting excess tax benefits from stock-based compensation as operating activities rather than financing activities in the consolidated statements of cash flows for the three months ended March 31, 2016, follows: As previously reported As reported Net cash provided by operating activities $ 63.6 $ 72.5 Net cash (used in) provided by financing activities $ (41.9 ) $ (50.8 )

INFORMATION ABOUT RECEIVABLES,

INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES.	3 Months Ended
	Mar. 31, 2017
Information about Receivables, Revenues, and Services [Abstract]
INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES	INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. Accounts receivable from our sponsored investment portfolios, including our U.S. mutual funds, for advisory fees and advisory-related administrative services aggregate $303.1 million at December 31, 2016 , and $318.6 million at March 31, 2017 . Revenues (in millions) from advisory services provided under agreements with our sponsored U.S. mutual funds and other investment clients include: Three months ended 3/31/2016 3/31/2017 Sponsored U.S. mutual funds Stock and blended asset $ 519.5 $ 594.1 Bond and money market 112.6 121.7 632.1 715.8 Other investment portfolios Stock and blended asset 197.9 227.9 Bond, money market, and stable value 40.8 47.4 238.7 275.3 Total $ 870.8 $ 991.1 Other investment portfolios include advisory revenues earned from other sponsored investment portfolios of $88.2 million and $106.1 million for the three months ended March 31, 2016 and 2017 , respectively. We voluntarily waived $4.0 million in money market related fees, including advisory fees and fund expenses, in the first quarter of 2016 in order to maintain a positive yield for investors. We did not waive any money market related fees during the first quarter of 2017. The following table summarizes the investment portfolios and assets under management (in billions) on which we earn advisory fees. Average during the first quarter of As of 2016 2017 12/31/2016 3/31/2017 Sponsored U.S. mutual funds Stock and blended asset $ 361.3 $ 421.0 $ 401.3 $ 430.8 Bond and money market 104.3 115.5 112.9 117.5 465.6 536.5 514.2 548.3 Other investment portfolios Stock and blended asset 196.3 231.6 220.8 235.1 Bond, money market, and stable value 66.2 77.3 75.8 78.2 262.5 308.9 296.6 313.3 Total $ 728.1 $ 845.4 $ 810.8 $ 861.6 Investors that we serve are primarily domiciled in the U.S.; investment advisory clients outside the U.S. account for 4.7% and 4.8% of our assets under management at December 31, 2016 , and March 31, 2017 , respectively. The following table summarizes other fees (in millions) we earn from our sponsored U.S. mutual funds. Three months ended 3/31/2016 3/31/2017 Administrative fees $ 72.3 $ 69.5 Distribution and servicing fees $ 33.9 $ 35.2

INVESTMENTS.

INVESTMENTS.	3 Months Ended
	Mar. 31, 2017
Investments, Debt and Equity Securities [Abstract]
INVESTMENTS	INVESTMENTS. The carrying values of investments (in millions) we do not consolidate are as follows: 12/31/2016 3/31/2017 Available-for-sale sponsored investment portfolios $ 709.0 $ 706.3 Equity method investments Sponsored investment portfolios 252.3 290.3 26% interest in UTI Asset Management Company Limited (India) 140.9 142.3 Investment partnerships 5.3 5.1 Sponsored investment portfolios held as trading 75.4 81.1 Cost method investments 73.6 73.4 U.S. Treasury note 1.0 1.0 Total $ 1,257.5 $ 1,299.5 During the first three months of 2016 and 2017 , certain sponsored investment portfolios in which we provided initial seed capital at the time of formation were deconsolidated, as we no longer had a controlling interest. Additionally, during 2017 a sponsored investment portfolio that was being accounted for as an equity method investment was consolidated, as we regained a controlling interest. The net impact of these changes on our condensed consolidated balance sheets and income statements as of the dates the portfolios were deconsolidated or reconsolidated is detailed below. Three months ended 3/31/2016 3/31/2017 Net decrease in assets of consolidated sponsored investment portfolios $ (338.8 ) $ (1,035.9 ) Net decrease in liabilities of consolidated sponsored investment portfolios $ (.9 ) $ (133.2 ) Net decrease in redeemable non-controlling interests $ (152.6 ) $ (767.7 ) Gain (loss) recognized upon deconsolidation $ — $ — We did not recognize any additional gain or loss in our consolidated statement of income upon deconsolidation as the sponsored investment portfolios’ functional currencies were U.S. dollars and were carried at fair value. Depending on our ownership interest, we are now reporting our residual interests in these sponsored investment portfolios as either equity method or available-for-sale investments. AVAILABLE-FOR-SALE SPONSORED INVESTMENT PORTFOLIOS. The available-for-sale sponsored investment portfolios (in millions) include: Aggregate cost Unrealized holding Aggregate fair value gains losses December 31, 2016 Stock and blended asset funds $ 162.9 $ 88.0 $ (1.9 ) $ 249.0 Bond funds 463.3 1.7 (5.0 ) 460.0 Total $ 626.2 $ 89.7 $ (6.9 ) $ 709.0 March 31, 2017 Stock and blended asset funds $ 131.3 $ 54.7 $ — $ 186.0 Bond funds 521.8 2.5 (4.0 ) 520.3 Total $ 653.1 $ 57.2 $ (4.0 ) $ 706.3 The following table details the number of holdings, the unrealized holding losses, and the aggregate fair value of available-for-sale sponsored investment portfolios with unrealized losses categorized by the length of time they have been in a continuous unrealized loss position: Number of holdings Unrealized holding losses Aggregate December 31, 2016 Less than 12 months 8 $ (4.2 ) $ 328.1 12 months or more 2 (2.7 ) 169.5 Total 10 $ (6.9 ) $ 497.6 March 31, 2017 Less than 12 months 5 $ (1.8 ) $ 140.0 12 months or more 2 (2.2 ) 170.0 Total 7 $ (4.0 ) $ 310.0 In addition to the duration of the impairments, we reviewed the severity of the impairment as well as our intent and ability to hold the investments for a period of time sufficient for an anticipated recovery in fair value. Accordingly, impairment of these investment holdings is considered temporary at December 31, 2016 and March 31, 2017 . VARIABLE INTEREST ENTITIES. Our investments at December 31, 2016 and March 31, 2017 , include interests in variable interest entities that we do not consolidate as we are not deemed the primary beneficiary. Our maximum risk of loss (in millions) related to our involvement with these entities is as follows: 12/31/2016 3/31/2017 Investment carrying values $ 149.2 $ 208.3 Unfunded capital commitments 46.4 51.1 Uncollected investment advisory and administrative fees 5.9 6.4 $ 201.5 $ 265.8 The unfunded capital commitments totaling $51.1 million relate primarily to investment partnerships in which we have an existing investment. In addition to such amounts, a percentage of prior distributions may be called under certain circumstances.

FAIR VALUE MEASUREMENTS.

FAIR VALUE MEASUREMENTS.	3 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS. We determine the fair value of our cash equivalents and certain 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 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 December 31, 2016 Cash equivalents $ 1,052.3 $ — Available-for-sale sponsored investment portfolios 709.0 — Sponsored investment portfolios held as trading 60.3 15.1 Total $ 1,821.6 $ 15.1 March 31, 2017 Cash equivalents $ 1,408.8 $ — Available-for-sale sponsored investment portfolios 706.3 — Sponsored investment portfolios held as trading 64.2 16.9 Total $ 2,179.3 $ 16.9 The table above excludes investments held by consolidated sponsored investment portfolios which are presented separately on our condensed consolidated balance sheets and are detailed in Note 5.

CONSOLIDATED SPONSORED INVESTME

CONSOLIDATED SPONSORED INVESTMENT PORTFOLIOS.	3 Months Ended
	Mar. 31, 2017
Consolidated Sponsored Investment Portfolios [Abstract]
CONSOLIDATED SPONSORED INVESTMENT PORTFOLIOS	CONSOLIDATED SPONSORED INVESTMENT PORTFOLIOS. The sponsored investment portfolios that we consolidate in our condensed consolidated financial statements are generally those products we provided initial seed capital at the time of their formation and have a controlling interest. Our U.S. sponsored investment portfolios are considered voting interest entities, while those regulated outside the U.S. are considered variable interest entities. The following table details the net assets of the consolidated sponsored investment portfolios: December 31, 2016 March 31, 2017 Voting Variable interest entities Total Voting interest entities Variable interest entities Total Cash and cash equivalents $ 10.3 $ 55.3 $ 65.6 $ 6.7 $ 43.5 $ 50.2 Investments 219.3 1,340.6 1,559.9 167.8 1,106.5 1,274.3 Other assets 4.8 50.2 55.0 6.1 17.0 23.1 Total assets 234.4 1,446.1 1,680.5 180.6 1,167.0 1,347.6 Liabilities 8.8 56.8 65.6 10.7 26.2 36.9 Net assets $ 225.6 $ 1,389.3 $ 1,614.9 $ 169.9 $ 1,140.8 $ 1,310.7 Attributable to redeemable non-controlling interests $ 69.5 $ 617.7 $ 687.2 $ 43.3 $ 415.8 $ 459.1 Attributable to T. Rowe Price Group 156.1 771.6 927.7 126.6 725.0 851.6 $ 225.6 $ 1,389.3 $ 1,614.9 $ 169.9 $ 1,140.8 $ 1,310.7 Although we can redeem our net interest in these sponsored investment portfolios at any time, we cannot directly access or sell the assets held by the portfolios to obtain cash for general operations. Additionally, the assets of these investment portfolios are not available to our general creditors. Since third party investors in these investment funds have no recourse to our credit, our overall risk related to the net assets of consolidated sponsored investment portfolios is limited to valuation changes associated with our net interest. We, however, are required to recognize the valuation changes associated with all underlying investments held by these portfolios in our condensed consolidated statements of income, and disclose the portion attributable to third party investors as net income attributable to redeemable non-controlling interests. The operating results (in millions) of the consolidated sponsored investment portfolios for the three months ended March 31, 2016 and 2017 , are reflected in our condensed consolidated statements of income as follows: Three months ended 3/31/2016 3/31/2017 Voting Variable interest entities Total Voting Variable interest entities Total Operating expenses reflected in net operating income $ (.5 ) $ (2.1 ) $ (2.6 ) $ (.3 ) $ (2.3 ) $ (2.6 ) Net investment income reflected in non-operating income 6.3 17.5 23.8 5.3 43.6 48.9 Impact on income before taxes $ 5.8 $ 15.4 $ 21.2 $ 5.0 $ 41.3 $ 46.3 Net income attributable to T. Rowe Price Group $ 3.8 $ 8.2 $ 12.0 $ 3.9 $ 27.9 $ 31.8 Net income attributable to redeemable non-controlling interests 2.0 7.2 9.2 1.1 13.4 14.5 $ 5.8 $ 15.4 $ 21.2 $ 5.0 $ 41.3 $ 46.3 The operating expenses of these consolidated portfolios are reflected in other operating expenses. For the three months ended March 31, 2016 and 2017 , we eliminated $1.3 million and $.8 million , respectively, of these expenses against our investment advisory and administrative fees earned in preparing our condensed consolidated financial statements. The net investment income reflected in non-operating income includes dividend and interest income and realized and unrealized gains and losses on the underlying securities held by the consolidated sponsored investment portfolios. The table below details the impact of these consolidated investment portfolios on the individual lines of our condensed consolidated statements of cash flows (in millions) for the three months ended March 31, 2016 and 2017 . Three months ended March 31, 2016 March 31, 2017 Voting Variable interest entities Total Voting Variable interest entities Total Net cash provided by operating activities $ (9.4 ) $ (424.1 ) $ (433.5 ) $ (.6 ) $ (538.2 ) $ (538.8 ) Net cash provided by investing activities 26.3 42.8 69.1 (6.2 ) (40.3 ) (46.5 ) Net cash (used in) provided by financing activities (7.8 ) 451.1 443.3 3.2 570.1 573.3 Effect of exchange rate changes on cash and cash equivalents of consolidated sponsored investment portfolios — (1.4 ) (1.4 ) — (3.4 ) (3.4 ) Net change in cash and cash equivalents during period 9.1 68.4 77.5 (3.6 ) (11.8 ) (15.4 ) Cash and cash equivalents at beginning of year — — — 10.3 55.3 65.6 Cash and cash equivalents at end of period $ 9.1 $ 68.4 $ 77.5 $ 6.7 $ 43.5 $ 50.2 The net cash provided by (used in) financing activities during the first quarter of 2016 and 2017 includes 172.5 million and $22.2 million , respectively, of net subscriptions we made into the consolidated sponsored investment portfolios, net of dividends received. These cash flows were eliminated in consolidation. FAIR VALUE MEASUREMENTS. We determine the fair value of investments held by consolidated sponsored investment portfolios 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 these investment holdings. There have been no material transfers between the levels. The following table summarizes the investment holdings held by our consolidated sponsored investment portfolios (in millions) using fair value measurements determined based on the differing levels of inputs. Level 1 Level 2 December 31, 2016 Assets Cash equivalents $ 8.8 $ .8 Equity securities $ 281.8 $ 325.3 Fixed income securities — 918.1 Other investments .4 34.3 $ 291.0 $ 1,278.5 Liabilities $ (.6 ) $ (13.6 ) Level 1 Level 2 March 31, 2017 Assets Cash equivalents $ 5.7 $ 1.0 Equity securities 293.3 318.0 Fixed income securities — 651.9 Other investments .2 10.9 $ 299.2 $ 981.8 Liabilities $ (.3 ) $ (7.6 )

STOCKHOLDERS' EQUITY.

STOCKHOLDERS' EQUITY.	3 Months Ended
	Mar. 31, 2017
Stockholders' Equity Note [Abstract]
STOCKHOLDERS’ EQUITY	STOCKHOLDERS’ EQUITY. Regular cash dividends declared per share during the first three months of 2016 and 2017 were $.54 and $.57 , respectively. At March 31, 2017 , a liability of $10.2 million is included in accounts payable and accrued expenses for common stock repurchases that settled by April 5, 2017.

STOCK-BASED COMPENSATION.

STOCK-BASED COMPENSATION.	3 Months Ended
	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION. STOCK OPTIONS. The following table summarizes the status of, and changes in, our stock options during the first quarter of 2017 . Options Weighted- average exercise price Outstanding at December 31, 2016 24,364,322 $ 61.90 Exercised (1,552,287 ) $ 49.11 Forfeited (13,765 ) $ 74.51 Expired (32,437 ) $ 75.84 Outstanding at March 31, 2017 22,765,833 $ 62.75 Exercisable at March 31, 2017 15,947,980 $ 57.92 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 quarter of 2017 . Restricted shares Restricted stock units Weighted-average fair value Nonvested at December 31, 2016 931,508 4,634,461 $ 72.19 Time-based grants — 39,558 $ 66.77 Vested (1,420 ) (5,650 ) $ 78.67 Forfeited (3,626 ) (15,449 ) $ 72.92 Nonvested at March 31, 2017 926,462 4,652,920 $ 72.14 Nonvested at March 31, 2017 , includes 14,400 performance-based restricted shares and 401,138 performance-based restricted stock units. These performance-based restricted shares and units include 14,400 restricted shares and 342,049 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 March 31, 2017 . Estimated future compensation expense will change to reflect future option grants, future awards of unrestricted shares and restricted stock units, changes in the probability of performance thresholds being met, and adjustments for actual forfeitures. Second quarter 2017 $ 37.6 Third quarter 2017 37.8 Fourth quarter 2017 33.8 2018 85.7 2019 through 2022 72.9 Total $ 267.8

EARNINGS PER SHARE CALCULATIONS

EARNINGS PER SHARE CALCULATIONS.	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
EARNINGS PER SHARE CALCULATIONS	EARNINGS PER SHARE CALCULATIONS. The following table presents the reconciliation (in millions) of net income attributable to T. Rowe Price Group 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 reflect 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 3/31/2016 3/31/2017 Net income attributable to T. Rowe Price Group $ 304.1 $ 385.9 Less: net income allocated to outstanding restricted stock and stock unit holders 5.8 8.7 Net income allocated to common stockholders $ 298.3 $ 377.2 Weighted-average common shares Outstanding 246.7 242.1 Outstanding assuming dilution 251.9 245.5 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 3/31/2016 3/31/2017 Weighted-average outstanding stock options excluded 10.8 9.5

OTHER COMPREHENSIVE INCOME AND

OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME.	3 Months Ended
	Mar. 31, 2017
Stockholders' Equity Note [Abstract]
OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME	OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME. The following table presents the impact of the components (in millions) of other comprehensive income or loss on deferred tax benefits (income taxes). Three months ended 3/31/2016 3/31/2017 Net deferred tax benefits (income taxes) on: Net unrealized holding gains or losses $ 2.5 $ (7.1 ) Reclassification adjustments recognized in the provision for income taxes: Net gains realized on dispositions 20.6 18.6 Net deferred tax benefits on net unrealized holding gains or losses 23.1 11.5 Total deferred income taxes on currency translation adjustments (6.7 ) (.8 ) Total net deferred tax benefits (income taxes) $ 16.4 $ 10.7 The changes (in millions) in each component of accumulated other comprehensive income, including reclassification adjustments for the first quarter of 2017 are presented in the table below. Currency translation adjustments Net unrealized holding gains Equity method investments Consolidated sponsored investment portfolios - variable interest entities Total currency translation adjustments Total Balances at December 31, 2016 $ 52.2 $ (32.3 ) $ (8.4 ) $ (40.7 ) $ 11.5 Other comprehensive income (loss) before reclassifications and income taxes 18.3 (3.2 ) 4.9 1.7 20.0 Reclassification adjustments recognized in non-operating income (47.6 ) — — — (47.6 ) (29.3 ) (3.2 ) 4.9 1.7 (27.6 ) Net deferred tax benefits (income taxes) 11.5 1.1 (1.9 ) (.8 ) 10.7 Other comprehensive income (loss) (17.8 ) (2.1 ) 3.0 .9 (16.9 ) Balances at March 31, 2017 $ 34.4 $ (34.4 ) $ (5.4 ) $ (39.8 ) $ (5.4 )

DELL APPRAISAL RIGHTS MATTER.

DELL APPRAISAL RIGHTS MATTER.	3 Months Ended
	Mar. 31, 2017
Unusual or Infrequent Items, or Both [Abstract]
DELL APPRAISAL RIGHTS MATTER	DELL APPRAISAL RIGHTS MATTER. In 2016, we paid $166.2 million to compensate certain T. Rowe Price mutual funds, trusts, separately managed accounts, and subadvised clients (collectively, Clients) for the denial of their appraisal rights by the Delaware Chancery Court (Court) in connection with the 2013 leveraged buyout of Dell, Inc. (Dell). The Court ruled on May 11, 2016, that the Clients could not pursue an appraisal of any shares they held that were voted in favor of the Dell merger. The appraisal statute governing the transaction required the record holder to vote against or abstain from voting on the transaction in order to assert appraisal rights. After previously voting against prior transaction proposals, the voting instructions submitted on behalf of the Clients in connection with voting on the final proposed transaction were incorrectly submitted in favor of the transaction. On May 31, 2016, the Court determined that the fair value of Dell at the time of the merger was $17.62 per share, as opposed to the $13.75 price offered in the transaction. As a result, any shareholder perfecting appraisal rights is entitled to a payment at $17.62 per share plus statutory interest from the date the Dell transaction closed. The compensation to Clients was intended to make them whole for the voting discrepancy that resulted in the denial of their appraisal rights. On December 30, 2016, we signed a settlement agreement with our insurance carrier for insurance proceeds totaling $100.0 million related to this matter. We recognized the proceeds as a reduction to the $166.2 million nonrecurring charge that we recognized in the second quarter of 2016 and as a receivable in other assets at December 31, 2016. We received the insurance proceeds on January 24, 2017. In the first quarter of 2017, we recognized a reduction in operating expenses from insurance recoveries from other insurance carriers totaling an additional $50 million , of which $40 million was paid during the quarter and $10 million is recorded as a receivable in other assets at March 31, 2017.

SUPPLEMENTARY CONSOLIDATING CAS

SUPPLEMENTARY CONSOLIDATING CASH FLOW STATEMENT.	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SUPPLEMENTARY CONSOLIDATING CASH FLOW STATEMENT	SUPPLEMENTARY CONSOLIDATING CASH FLOW STATEMENT. The following tables summarize the cash flows (in millions) for the three months ended March 31, 2016 and 2017 , that are attributable to T. Rowe Price Group, our consolidated sponsored investment portfolios and the related eliminations required in preparing the statements. Three months ended March 31, 2016 March 31, 2017 Cash flow attributable to T. Rowe Price Group Cash flow attributable to consolidated sponsored investment portfolios Eliminations As reported Cash flow attributable to T. Rowe Price Group Cash flow attributable to consolidated sponsored investment portfolios Eliminations As reported Cash flows from operating activities Net income $ 304.1 $ 21.2 $ (12.0 ) $ 313.3 $ 385.9 $ 46.3 $ (31.8 ) $ 400.4 Adjustments to reconcile net income to net cash provided by (used in) operating activities Depreciation and amortization of property and equipment 32.2 — — 32.2 35.6 — — 35.6 Stock-based compensation expense 36.8 — — 36.8 36.8 — — 36.8 Realized gains on dispositions of available-for-sale sponsored investment portfolios (52.3 ) — — (52.3 ) (47.6 ) — — (47.6 ) Net gains recognized on investments (18.9 ) — 12.0 (6.9 ) (46.2 ) — 31.8 (14.4 ) Net change in trading securities held by consolidated sponsored investment portfolios — (458.7 ) — (458.7 ) — (566.3 ) — (566.3 ) Other changes in assets and liabilities 205.5 4.0 (1.4 ) 208.1 363.6 (18.8 ) (.8 ) 344.0 Net cash provided by operating activities 507.4 (433.5 ) (1.4 ) 72.5 728.1 (538.8 ) (.8 ) 188.5 Net cash provided by investing activities (35.2 ) 69.1 173.9 207.8 52.9 (46.5 ) 23.0 29.4 Net cash (used in) provided by financing activities (321.6 ) 443.3 (172.5 ) (50.8 ) (405.1 ) 573.3 (22.2 ) 146.0 Effect of exchange rate changes on cash and cash equivalents of consolidated sponsored investment portfolios — (1.4 ) — (1.4 ) — (3.4 ) — (3.4 ) Net change in cash and cash equivalents during period 150.6 77.5 — 228.1 375.9 (15.4 ) — 360.5 Cash and cash equivalents at beginning of year 1,172.3 — — 1,172.3 1,204.9 65.6 — 1,270.5 Cash and cash equivalents at end of period $ 1,322.9 $ 77.5 $ — $ 1,400.4 $ 1,580.8 $ 50.2 $ — $ 1,631.0

THE COMPANY AND BASIS OF PREP20

THE COMPANY AND BASIS OF PREPARATION. (Policies)	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
New accounting guidance	NEW ACCOUNTING GUIDANCE We early adopted Accounting Standards Update No. 2016-09 — Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting on July 1, 2016, which changed the accounting for certain aspects of stock-based compensation awards, including the accounting for income taxes upon settlement of awards, the classification of cash flows associated with awards, the accounting for award forfeitures, and the treatment of hypothetical tax benefits when calculating weighted-average shares outstanding assuming dilution. The guidance required adjustments to be reflected as of January 1, 2016, so we recognized adjustments related to the first and second quarter of 2016 in our condensed consolidated financial statement results for the nine months ended September 30, 2016. As such, we have revised the first quarter of 2016 financial statements reported in these statements to reflect the impact of the new guidance. In the first quarter of 2016, the recognition of net tax benefits on exercised options and vested restricted stock relative to the stock-based compensation expense reduced our previously reported income tax provision by $8.9 million .

THE COMPANY AND BASIS OF PREP21

THE COMPANY AND BASIS OF PREPARATION. (Tables)	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of New Accounting Guidance Impact on Condensed Consolidated Statement of Income and Consolidated Statements of Cash Flows	The impact (in millions) on our condensed consolidated statement of income and earnings per share on common stock data for the three months ended March 31, 2016, is as follows: As previously reported As reported Income before income taxes $ 496.0 $ 496.0 Provision for income taxes 191.6 182.7 Net income 304.4 313.3 Less: net income attributable to redeemable non-controlling interests 9.2 9.2 Net income attributable to T. Rowe Price Group $ 295.2 $ 304.1 Less: net income allocated to outstanding restricted stock and stock unit holders 5.6 5.8 Net income allocated to common stockholders $ 289.6 $ 298.3 Earnings per share on common stock of T. Rowe Price Group Basic $ 1.17 $ 1.21 Diluted $ 1.15 $ 1.18 Weighted-average common shares Outstanding 246.7 246.7 Outstanding assuming dilution 251.5 251.9 The impact (in millions) of reporting excess tax benefits from stock-based compensation as operating activities rather than financing activities in the consolidated statements of cash flows for the three months ended March 31, 2016, follows: As previously reported As reported Net cash provided by operating activities $ 63.6 $ 72.5 Net cash (used in) provided by financing activities $ (41.9 ) $ (50.8 )

INFORMATION ABOUT RECEIVABLES22

INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. (Tables)	3 Months Ended
	Mar. 31, 2017
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 U.S. mutual funds and other investment clients include: Three months ended 3/31/2016 3/31/2017 Sponsored U.S. mutual funds Stock and blended asset $ 519.5 $ 594.1 Bond and money market 112.6 121.7 632.1 715.8 Other investment portfolios Stock and blended asset 197.9 227.9 Bond, money market, and stable value 40.8 47.4 238.7 275.3 Total $ 870.8 $ 991.1
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 the first quarter of As of 2016 2017 12/31/2016 3/31/2017 Sponsored U.S. mutual funds Stock and blended asset $ 361.3 $ 421.0 $ 401.3 $ 430.8 Bond and money market 104.3 115.5 112.9 117.5 465.6 536.5 514.2 548.3 Other investment portfolios Stock and blended asset 196.3 231.6 220.8 235.1 Bond, money market, and stable value 66.2 77.3 75.8 78.2 262.5 308.9 296.6 313.3 Total $ 728.1 $ 845.4 $ 810.8 $ 861.6
Components of other fees	The following table summarizes other fees (in millions) we earn from our sponsored U.S. mutual funds. Three months ended 3/31/2016 3/31/2017 Administrative fees $ 72.3 $ 69.5 Distribution and servicing fees $ 33.9 $ 35.2

INVESTMENTS. (Tables)

INVESTMENTS. (Tables)	3 Months Ended
	Mar. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Unconsolidated investments	The carrying values of investments (in millions) we do not consolidate are as follows: 12/31/2016 3/31/2017 Available-for-sale sponsored investment portfolios $ 709.0 $ 706.3 Equity method investments Sponsored investment portfolios 252.3 290.3 26% interest in UTI Asset Management Company Limited (India) 140.9 142.3 Investment partnerships 5.3 5.1 Sponsored investment portfolios held as trading 75.4 81.1 Cost method investments 73.6 73.4 U.S. Treasury note 1.0 1.0 Total $ 1,257.5 $ 1,299.5
Net impact of deconsolidation and consolidation on condensed consolidated balance sheets and income statements	The net impact of these changes on our condensed consolidated balance sheets and income statements as of the dates the portfolios were deconsolidated or reconsolidated is detailed below. Three months ended 3/31/2016 3/31/2017 Net decrease in assets of consolidated sponsored investment portfolios $ (338.8 ) $ (1,035.9 ) Net decrease in liabilities of consolidated sponsored investment portfolios $ (.9 ) $ (133.2 ) Net decrease in redeemable non-controlling interests $ (152.6 ) $ (767.7 ) Gain (loss) recognized upon deconsolidation $ — $ —
Available-for-sale sponsored investment portfolios	The available-for-sale sponsored investment portfolios (in millions) include: Aggregate cost Unrealized holding Aggregate fair value gains losses December 31, 2016 Stock and blended asset funds $ 162.9 $ 88.0 $ (1.9 ) $ 249.0 Bond funds 463.3 1.7 (5.0 ) 460.0 Total $ 626.2 $ 89.7 $ (6.9 ) $ 709.0 March 31, 2017 Stock and blended asset funds $ 131.3 $ 54.7 $ — $ 186.0 Bond funds 521.8 2.5 (4.0 ) 520.3 Total $ 653.1 $ 57.2 $ (4.0 ) $ 706.3
Continuous unrealized loss positions	The following table details the number of holdings, the unrealized holding losses, and the aggregate fair value of available-for-sale sponsored investment portfolios with unrealized losses categorized by the length of time they have been in a continuous unrealized loss position: Number of holdings Unrealized holding losses Aggregate December 31, 2016 Less than 12 months 8 $ (4.2 ) $ 328.1 12 months or more 2 (2.7 ) 169.5 Total 10 $ (6.9 ) $ 497.6 March 31, 2017 Less than 12 months 5 $ (1.8 ) $ 140.0 12 months or more 2 (2.2 ) 170.0 Total 7 $ (4.0 ) $ 310.0
Maximum risk of loss related to investments in variable interest entities	Our maximum risk of loss (in millions) related to our involvement with these entities is as follows: 12/31/2016 3/31/2017 Investment carrying values $ 149.2 $ 208.3 Unfunded capital commitments 46.4 51.1 Uncollected investment advisory and administrative fees 5.9 6.4 $ 201.5 $ 265.8

FAIR VALUE MEASUREMENTS. (Table

FAIR VALUE MEASUREMENTS. (Tables)	3 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Fair value measurements summary	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 December 31, 2016 Cash equivalents $ 1,052.3 $ — Available-for-sale sponsored investment portfolios 709.0 — Sponsored investment portfolios held as trading 60.3 15.1 Total $ 1,821.6 $ 15.1 March 31, 2017 Cash equivalents $ 1,408.8 $ — Available-for-sale sponsored investment portfolios 706.3 — Sponsored investment portfolios held as trading 64.2 16.9 Total $ 2,179.3 $ 16.9

CONSOLIDATED SPONSORED INVEST25

CONSOLIDATED SPONSORED INVESTMENT PORTFOLIOS. (Tables)	3 Months Ended
	Mar. 31, 2017
Consolidated Sponsored Investment Portfolios [Abstract]
Net assets of consolidated sponsored investment portfolios	The following table details the net assets of the consolidated sponsored investment portfolios: December 31, 2016 March 31, 2017 Voting Variable interest entities Total Voting interest entities Variable interest entities Total Cash and cash equivalents $ 10.3 $ 55.3 $ 65.6 $ 6.7 $ 43.5 $ 50.2 Investments 219.3 1,340.6 1,559.9 167.8 1,106.5 1,274.3 Other assets 4.8 50.2 55.0 6.1 17.0 23.1 Total assets 234.4 1,446.1 1,680.5 180.6 1,167.0 1,347.6 Liabilities 8.8 56.8 65.6 10.7 26.2 36.9 Net assets $ 225.6 $ 1,389.3 $ 1,614.9 $ 169.9 $ 1,140.8 $ 1,310.7 Attributable to redeemable non-controlling interests $ 69.5 $ 617.7 $ 687.2 $ 43.3 $ 415.8 $ 459.1 Attributable to T. Rowe Price Group 156.1 771.6 927.7 126.6 725.0 851.6 $ 225.6 $ 1,389.3 $ 1,614.9 $ 169.9 $ 1,140.8 $ 1,310.7
Operating results of consolidated sponsored investment portfolios	The operating results (in millions) of the consolidated sponsored investment portfolios for the three months ended March 31, 2016 and 2017 , are reflected in our condensed consolidated statements of income as follows: Three months ended 3/31/2016 3/31/2017 Voting Variable interest entities Total Voting Variable interest entities Total Operating expenses reflected in net operating income $ (.5 ) $ (2.1 ) $ (2.6 ) $ (.3 ) $ (2.3 ) $ (2.6 ) Net investment income reflected in non-operating income 6.3 17.5 23.8 5.3 43.6 48.9 Impact on income before taxes $ 5.8 $ 15.4 $ 21.2 $ 5.0 $ 41.3 $ 46.3 Net income attributable to T. Rowe Price Group $ 3.8 $ 8.2 $ 12.0 $ 3.9 $ 27.9 $ 31.8 Net income attributable to redeemable non-controlling interests 2.0 7.2 9.2 1.1 13.4 14.5 $ 5.8 $ 15.4 $ 21.2 $ 5.0 $ 41.3 $ 46.3
Cash flows of consolidated sponsored investment portfolios	The table below details the impact of these consolidated investment portfolios on the individual lines of our condensed consolidated statements of cash flows (in millions) for the three months ended March 31, 2016 and 2017 . Three months ended March 31, 2016 March 31, 2017 Voting Variable interest entities Total Voting Variable interest entities Total Net cash provided by operating activities $ (9.4 ) $ (424.1 ) $ (433.5 ) $ (.6 ) $ (538.2 ) $ (538.8 ) Net cash provided by investing activities 26.3 42.8 69.1 (6.2 ) (40.3 ) (46.5 ) Net cash (used in) provided by financing activities (7.8 ) 451.1 443.3 3.2 570.1 573.3 Effect of exchange rate changes on cash and cash equivalents of consolidated sponsored investment portfolios — (1.4 ) (1.4 ) — (3.4 ) (3.4 ) Net change in cash and cash equivalents during period 9.1 68.4 77.5 (3.6 ) (11.8 ) (15.4 ) Cash and cash equivalents at beginning of year — — — 10.3 55.3 65.6 Cash and cash equivalents at end of period $ 9.1 $ 68.4 $ 77.5 $ 6.7 $ 43.5 $ 50.2
Fair values of investments held by consolidated sponsored investment portfolios	The following table summarizes the investment holdings held by our consolidated sponsored investment portfolios (in millions) using fair value measurements determined based on the differing levels of inputs. Level 1 Level 2 December 31, 2016 Assets Cash equivalents $ 8.8 $ .8 Equity securities $ 281.8 $ 325.3 Fixed income securities — 918.1 Other investments .4 34.3 $ 291.0 $ 1,278.5 Liabilities $ (.6 ) $ (13.6 ) Level 1 Level 2 March 31, 2017 Assets Cash equivalents $ 5.7 $ 1.0 Equity securities 293.3 318.0 Fixed income securities — 651.9 Other investments .2 10.9 $ 299.2 $ 981.8 Liabilities $ (.3 ) $ (7.6 )

STOCK-BASED COMPENSATION. (Tabl

STOCK-BASED COMPENSATION. (Tables)	3 Months Ended
	Mar. 31, 2017
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 options during the first quarter of 2017 . Options Weighted- average exercise price Outstanding at December 31, 2016 24,364,322 $ 61.90 Exercised (1,552,287 ) $ 49.11 Forfeited (13,765 ) $ 74.51 Expired (32,437 ) $ 75.84 Outstanding at March 31, 2017 22,765,833 $ 62.75 Exercisable at March 31, 2017 15,947,980 $ 57.92
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 quarter of 2017 . Restricted shares Restricted stock units Weighted-average fair value Nonvested at December 31, 2016 931,508 4,634,461 $ 72.19 Time-based grants — 39,558 $ 66.77 Vested (1,420 ) (5,650 ) $ 78.67 Forfeited (3,626 ) (15,449 ) $ 72.92 Nonvested at March 31, 2017 926,462 4,652,920 $ 72.14
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 March 31, 2017 . Estimated future compensation expense will change to reflect future option grants, future awards of unrestricted shares and restricted stock units, changes in the probability of performance thresholds being met, and adjustments for actual forfeitures. Second quarter 2017 $ 37.6 Third quarter 2017 37.8 Fourth quarter 2017 33.8 2018 85.7 2019 through 2022 72.9 Total $ 267.8

EARNINGS PER SHARE CALCULATIO27

EARNINGS PER SHARE CALCULATIONS. (Tables)	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Earnings per share reconciliation	The following table presents the reconciliation (in millions) of net income attributable to T. Rowe Price Group 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 reflect 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 3/31/2016 3/31/2017 Net income attributable to T. Rowe Price Group $ 304.1 $ 385.9 Less: net income allocated to outstanding restricted stock and stock unit holders 5.8 8.7 Net income allocated to common stockholders $ 298.3 $ 377.2 Weighted-average common shares Outstanding 246.7 242.1 Outstanding assuming dilution 251.9 245.5
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 3/31/2016 3/31/2017 Weighted-average outstanding stock options excluded 10.8 9.5

OTHER COMPREHENSIVE INCOME AN28

OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME. (Tables)	3 Months Ended
	Mar. 31, 2017
Stockholders' Equity Note [Abstract]
Impact of the components of other comprehensive income (loss) on deferred tax benefits (income taxes)	The following table presents the impact of the components (in millions) of other comprehensive income or loss on deferred tax benefits (income taxes). Three months ended 3/31/2016 3/31/2017 Net deferred tax benefits (income taxes) on: Net unrealized holding gains or losses $ 2.5 $ (7.1 ) Reclassification adjustments recognized in the provision for income taxes: Net gains realized on dispositions 20.6 18.6 Net deferred tax benefits on net unrealized holding gains or losses 23.1 11.5 Total deferred income taxes on currency translation adjustments (6.7 ) (.8 ) Total net deferred tax benefits (income taxes) $ 16.4 $ 10.7
Changes in accumulated other comprehensive income	The changes (in millions) in each component of accumulated other comprehensive income, including reclassification adjustments for the first quarter of 2017 are presented in the table below. Currency translation adjustments Net unrealized holding gains Equity method investments Consolidated sponsored investment portfolios - variable interest entities Total currency translation adjustments Total Balances at December 31, 2016 $ 52.2 $ (32.3 ) $ (8.4 ) $ (40.7 ) $ 11.5 Other comprehensive income (loss) before reclassifications and income taxes 18.3 (3.2 ) 4.9 1.7 20.0 Reclassification adjustments recognized in non-operating income (47.6 ) — — — (47.6 ) (29.3 ) (3.2 ) 4.9 1.7 (27.6 ) Net deferred tax benefits (income taxes) 11.5 1.1 (1.9 ) (.8 ) 10.7 Other comprehensive income (loss) (17.8 ) (2.1 ) 3.0 .9 (16.9 ) Balances at March 31, 2017 $ 34.4 $ (34.4 ) $ (5.4 ) $ (39.8 ) $ (5.4 )

SUPPLEMENTARY CONSOLIDATING C29

SUPPLEMENTARY CONSOLIDATING CASH FLOW STATEMENT. (Tables)	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplementary consolidating cash flow statement	The following tables summarize the cash flows (in millions) for the three months ended March 31, 2016 and 2017 , that are attributable to T. Rowe Price Group, our consolidated sponsored investment portfolios and the related eliminations required in preparing the statements. Three months ended March 31, 2016 March 31, 2017 Cash flow attributable to T. Rowe Price Group Cash flow attributable to consolidated sponsored investment portfolios Eliminations As reported Cash flow attributable to T. Rowe Price Group Cash flow attributable to consolidated sponsored investment portfolios Eliminations As reported Cash flows from operating activities Net income $ 304.1 $ 21.2 $ (12.0 ) $ 313.3 $ 385.9 $ 46.3 $ (31.8 ) $ 400.4 Adjustments to reconcile net income to net cash provided by (used in) operating activities Depreciation and amortization of property and equipment 32.2 — — 32.2 35.6 — — 35.6 Stock-based compensation expense 36.8 — — 36.8 36.8 — — 36.8 Realized gains on dispositions of available-for-sale sponsored investment portfolios (52.3 ) — — (52.3 ) (47.6 ) — — (47.6 ) Net gains recognized on investments (18.9 ) — 12.0 (6.9 ) (46.2 ) — 31.8 (14.4 ) Net change in trading securities held by consolidated sponsored investment portfolios — (458.7 ) — (458.7 ) — (566.3 ) — (566.3 ) Other changes in assets and liabilities 205.5 4.0 (1.4 ) 208.1 363.6 (18.8 ) (.8 ) 344.0 Net cash provided by operating activities 507.4 (433.5 ) (1.4 ) 72.5 728.1 (538.8 ) (.8 ) 188.5 Net cash provided by investing activities (35.2 ) 69.1 173.9 207.8 52.9 (46.5 ) 23.0 29.4 Net cash (used in) provided by financing activities (321.6 ) 443.3 (172.5 ) (50.8 ) (405.1 ) 573.3 (22.2 ) 146.0 Effect of exchange rate changes on cash and cash equivalents of consolidated sponsored investment portfolios — (1.4 ) — (1.4 ) — (3.4 ) — (3.4 ) Net change in cash and cash equivalents during period 150.6 77.5 — 228.1 375.9 (15.4 ) — 360.5 Cash and cash equivalents at beginning of year 1,172.3 — — 1,172.3 1,204.9 65.6 — 1,270.5 Cash and cash equivalents at end of period $ 1,322.9 $ 77.5 $ — $ 1,400.4 $ 1,580.8 $ 50.2 $ — $ 1,631.0

THE COMPANY AND BASIS OF PREP30

THE COMPANY AND BASIS OF PREPARATION. (Details) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
New accounting pronouncement, early adoption, effect [Member] | Accounting standards update 2016-09, excess tax benefit component [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net tax benefits reducing income tax provision	$ 8.9

THE COMPANY AND BASIS OF PREP31

THE COMPANY AND BASIS OF PREPARATION. THE COMPANY AND BASIS OF PREPARATION. (New Accounting Guidance Impact on Financial Statements) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
New Accounting Pronouncement, Early Adoption [Line Items]
Income before income taxes		$ 636.7	$ 496
Provision for income taxes		236.3	182.7
Net income	[1]	400.4	313.3
Less: net income attributable to redeemable non-controlling interests		14.5	9.2
Net income attributable to T. Rowe Price Group		385.9	304.1
Less: net income allocated to outstanding restricted stock and stock unit holders		8.7	5.8
Less: net income allocated to outstanding restricted stock and stock unit holders		8.7	5.8
Net income allocated to common stockholders (basic)		377.2	298.3
Net income allocated to common stockholders (diluted)		$ 377.2	$ 298.3
Earnings per share on common stock of T. Rowe Price Group
Basic (in dollars per share)		$ 1.56	$ 1.21
Diluted (in dollars per share)		$ 1.54	$ 1.18
Weighted-average common shares
Outstanding (in shares)		242.1	246.7
Outstanding assuming dilution (in shares)		245.5	251.9
Net cash provided by operating activities	[1]	$ 188.5	$ 72.5
Net cash (used in) provided by financing activities	[1]	$ 146	(50.8)
As previously reported [Member]
New Accounting Pronouncement, Early Adoption [Line Items]
Income before income taxes			496
Provision for income taxes			191.6
Net income			304.4
Less: net income attributable to redeemable non-controlling interests			9.2
Net income attributable to T. Rowe Price Group			295.2
Less: net income allocated to outstanding restricted stock and stock unit holders			5.6
Less: net income allocated to outstanding restricted stock and stock unit holders			5.6
Net income allocated to common stockholders (basic)			289.6
Net income allocated to common stockholders (diluted)			$ 289.6
Earnings per share on common stock of T. Rowe Price Group
Basic (in dollars per share)			$ 1.17
Diluted (in dollars per share)			$ 1.15
Weighted-average common shares
Outstanding (in shares)			246.7
Outstanding assuming dilution (in shares)			251.5
Net cash provided by operating activities	[1]		$ 63.6
Net cash (used in) provided by financing activities	[1]		$ (41.9)
[1]	See note 11 for a supplementary consolidating cash flow schedule.

INFORMATION ABOUT RECEIVABLES32

INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. (Receivables) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Receivables from sponsored mutual funds
Accounts receivable for advisory fees and advisory-related administrative services	$ 482.5	$ 455.1
Sponsored U.S. mutual funds and other sponsored investment portfolios [Member]
Receivables from sponsored mutual funds
Accounts receivable for advisory fees and advisory-related administrative services	$ 318.6	$ 303.1

INFORMATION ABOUT RECEIVABLES33

INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. (Investment Advisory Services) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Revenue and Services [Line Items]
Revenues from advisory services	$ 991,100,000	$ 870,800,000
Average assets under management	845,400,000,000	728,100,000,000
Period end assets under management	861,600,000,000		$ 810,800,000,000
Waived money market related fees [Member]
Revenue and Services [Line Items]
Revenues from advisory services	0	4,000,000
Sponsored U.S. mutual funds [Member]
Revenue and Services [Line Items]
Revenues from advisory services	715,800,000	632,100,000
Average assets under management	536,500,000,000	465,600,000,000
Period end assets under management	548,300,000,000		514,200,000,000
Sponsored U.S. mutual funds [Member] | Stock and blended asset [Member]
Revenue and Services [Line Items]
Revenues from advisory services	594,100,000	519,500,000
Average assets under management	421,000,000,000	361,300,000,000
Period end assets under management	430,800,000,000		401,300,000,000
Sponsored U.S. mutual funds [Member] | Bond and money market [Member]
Revenue and Services [Line Items]
Revenues from advisory services	121,700,000	112,600,000
Average assets under management	115,500,000,000	104,300,000,000
Period end assets under management	117,500,000,000		112,900,000,000
Other investment portfolios [Member]
Revenue and Services [Line Items]
Revenues from advisory services	275,300,000	238,700,000
Average assets under management	308,900,000,000	262,500,000,000
Period end assets under management	313,300,000,000		296,600,000,000
Other investment portfolios [Member] | Stock and blended asset [Member]
Revenue and Services [Line Items]
Revenues from advisory services	227,900,000	197,900,000
Average assets under management	231,600,000,000	196,300,000,000
Period end assets under management	235,100,000,000		220,800,000,000
Other investment portfolios [Member] | Bond, money market, and stable value [Member]
Revenue and Services [Line Items]
Revenues from advisory services	47,400,000	40,800,000
Average assets under management	77,300,000,000	66,200,000,000
Period end assets under management	78,200,000,000		$ 75,800,000,000
Other sponsored investment portfolios [Member]
Revenue and Services [Line Items]
Revenues from advisory services	$ 106,100,000	$ 88,200,000

INFORMATION ABOUT RECEIVABLES34

INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. (Revenues and Services Concentration) (Details)	Mar. 31, 2017	Dec. 31, 2016
Outside U.S. [Member] | Assets under management [Member] | Investment advisory clients [Member] | Geographic concentration [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	4.80%	4.70%

INFORMATION ABOUT RECEIVABLES35

INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. (Other Fees Earned from Sponsored U.S. Mutual Funds) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenue and Services [Line Items]
Administrative fees	$ 87.3	$ 89.4
Distribution and servicing fees	35.2	33.9
Sponsored U.S. mutual funds [Member]
Revenue and Services [Line Items]
Administrative fees	69.5	72.3
Distribution and servicing fees	$ 35.2	$ 33.9

INVESTMENTS. (Investments) (Det

INVESTMENTS. (Investments) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Investment [Line Items]
Available-for-sale sponsored investment portfolios	$ 706.3		$ 709
Trading investments	81.1		75.4
Cost method investments	73.4		73.6
U.S. Treasury note	1		1
Total	1,299.5		1,257.5
Gain (loss) recognized upon deconsolidation	115	$ 85.1
Currency translation adjustments [Member] | Reclassification out of accumulated other comprehensive income [Member]
Investment [Line Items]
Gain (loss) recognized upon deconsolidation	0	0
Assets [Member]
Investment [Line Items]
Net decrease in assets and liabilities of consolidated sponsored investment portfolios and redeemable non-controlling interests	1,035.9	338.8
Liability [Member]
Investment [Line Items]
Net decrease in assets and liabilities of consolidated sponsored investment portfolios and redeemable non-controlling interests	(133.2)	(0.9)
Redeemable non-controlling interests [Member]
Investment [Line Items]
Net decrease in assets and liabilities of consolidated sponsored investment portfolios and redeemable non-controlling interests	(767.7)	$ (152.6)
Sponsored investment portfolios [Member]
Investment [Line Items]
Equity method investments	290.3		252.3
Interest in UTI Asset Management Company Limited (India) [Member]
Investment [Line Items]
Equity method investments	$ 142.3		$ 140.9
Equity method investment (ownership percentage)	26.00%		26.00%
Investment partnerships [Member]
Investment [Line Items]
Equity method investments	$ 5.1		$ 5.3

INVESTMENTS. (Available-For-Sal

INVESTMENTS. (Available-For-Sale Sponsored Investment Portfolios) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Aggregate cost	$ 653.1	$ 626.2
Unrealized holding gains	57.2	89.7
Unrealized holding losses	(4)	(6.9)
Aggregate fair value	706.3	709
Stock and blended asset funds [Member]
Schedule of Available-for-sale Securities [Line Items]
Aggregate cost	131.3	162.9
Unrealized holding gains	54.7	88
Unrealized holding losses	0	(1.9)
Aggregate fair value	186	249
Bond funds [Member]
Schedule of Available-for-sale Securities [Line Items]
Aggregate cost	521.8	463.3
Unrealized holding gains	2.5	1.7
Unrealized holding losses	(4)	(5)
Aggregate fair value	$ 520.3	$ 460

INVESTMENTS. (Unrealized Losses

INVESTMENTS. (Unrealized Losses on Available-For-Sale Sponsored Investment Portfolios) (Details) $ in Millions	Mar. 31, 2017USD ($)security	Dec. 31, 2016USD ($)security
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions [Abstract]
Fund holdings with temporary unrealized losses less than 12 months (number of securities) | security	5	8
Fund holdings with temporary unrealized losses longer than 12 months (number of securities) | security	2	2
Fund holdings with temporary unrealized holding losses (number of securities) | security	7	10
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Unrealized holding losses on fund holdings that were in a continuous loss for less than 12 months	$ (1.8)	$ (4.2)
Unrealized holding losses on fund holdings that were in a continuous loss for longer than 12 months	(2.2)	(2.7)
Unrealized holding losses on fund holdings that were in a continuous loss	(4)	(6.9)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Unrealized holding losses for less than 12 months at period end are attributable to fund holdings with an aggregate fair value of	140	328.1
Unrealized holding losses for longer than 12 months at period end are attributable to fund holdings with an aggregate fair value of	170	169.5
Unrealized holding losses at period end are attributable to fund holdings with an aggregate fair value of	$ 310	$ 497.6

INVESTMENTS. (Variable Interest

INVESTMENTS. (Variable Interest Entities) (Details) - Variable interest entity, not primary beneficiary [Member] - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Variable Interest Entity [Line Items]
Investment carrying values	$ 208.3	$ 149.2
Unfunded capital commitments	51.1	46.4
Uncollected investment advisory and administrative fees	6.4	5.9
Maximum risk of loss related to nonconsolidated variable interest entities	$ 265.8	$ 201.5

FAIR VALUE MEASUREMENTS. (Detai

FAIR VALUE MEASUREMENTS. (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale sponsored investment portfolios	$ 706.3	$ 709
Sponsored investment portfolios held as trading	81.1	75.4
Level 1 [Member] | Fair value, measurements, recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	1,408.8	1,052.3
Available-for-sale sponsored investment portfolios	706.3	709
Sponsored investment portfolios held as trading	64.2	60.3
Total	2,179.3	1,821.6
Level 2 [Member] | Fair value, measurements, recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Available-for-sale sponsored investment portfolios	0	0
Sponsored investment portfolios held as trading	16.9	15.1
Total	$ 16.9	$ 15.1

CONSOLIDATED SPONSORED INVEST41

CONSOLIDATED SPONSORED INVESTMENT PORTFOLIOS. (Net Assets) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	$ 1,580.8	$ 1,204.9
Investments	1,299.5	1,257.5
Other assets	274.3	346.2
Total assets	6,275.6	6,225
Liabilities	816.3	529.2
Attributable to redeemable non-controlling interests	459.1	687.2
Consolidated sponsored investment portfolios [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	50.2		$ 77.5
Net assets	1,310.7	1,614.9
Attributable to redeemable non-controlling interests	459.1	687.2
Attributable to T. Rowe Price Group	851.6	927.7
Consolidated sponsored investment portfolios [Member] | Reportable entities [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	50.2	65.6	77.5	$ 0
Investments	1,274.3	1,559.9
Other assets	23.1	55
Total assets	1,347.6	1,680.5
Liabilities	36.9	65.6
Net assets	1,310.7	1,614.9
Voting interest entities [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Net assets	169.9	225.6
Attributable to redeemable non-controlling interests	43.3	69.5
Attributable to T. Rowe Price Group	126.6	156.1
Voting interest entities [Member] | Reportable entities [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	6.7	10.3	9.1	0
Investments	167.8	219.3
Other assets	6.1	4.8
Total assets	180.6	234.4
Liabilities	10.7	8.8
Net assets	169.9	225.6
Variable interest entities [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Net assets	1,140.8	1,389.3
Attributable to redeemable non-controlling interests	415.8	617.7
Attributable to T. Rowe Price Group	725	771.6
Variable interest entities [Member] | Reportable entities [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	43.5	55.3	$ 68.4	$ 0
Investments	1,106.5	1,340.6
Other assets	17	50.2
Total assets	1,167	1,446.1
Liabilities	26.2	56.8
Net assets	$ 1,140.8	$ 1,389.3

CONSOLIDATED SPONSORED INVEST42

CONSOLIDATED SPONSORED INVESTMENT PORTFOLIOS. (Operating Results) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Condensed Income Statements, Captions [Line Items]
Operating expenses	$ (591.9)	$ (583.2)
Income before income taxes	636.7	496
Net income attributable to redeemable non-controlling interests	14.5	9.2
Investment advisory and administrative fees	(1,113.6)	(994.1)
Consolidation eliminations [Member]
Condensed Income Statements, Captions [Line Items]
Operating expenses	0.8	1.3
Investment advisory and administrative fees	0.8	1.3
Consolidated sponsored investment portfolios [Member]
Condensed Income Statements, Captions [Line Items]
Income before income taxes	46.3	21.2
Net income attributable to T. Rowe Price Group	31.8	12
Net income attributable to redeemable non-controlling interests	14.5	9.2
Consolidated sponsored investment portfolios [Member] | Reportable entities [Member]
Condensed Income Statements, Captions [Line Items]
Operating expenses	(2.6)	(2.6)
Non-operating investment income	48.9	23.8
Income before income taxes	46.3	21.2
Voting interest entities [Member]
Condensed Income Statements, Captions [Line Items]
Income before income taxes	5	5.8
Net income attributable to T. Rowe Price Group	3.9	3.8
Net income attributable to redeemable non-controlling interests	1.1	2
Voting interest entities [Member] | Reportable entities [Member]
Condensed Income Statements, Captions [Line Items]
Operating expenses	(0.3)	(0.5)
Non-operating investment income	5.3	6.3
Income before income taxes	5	5.8
Variable interest entities [Member]
Condensed Income Statements, Captions [Line Items]
Income before income taxes	41.3	15.4
Net income attributable to T. Rowe Price Group	27.9	8.2
Net income attributable to redeemable non-controlling interests	13.4	7.2
Variable interest entities [Member] | Reportable entities [Member]
Condensed Income Statements, Captions [Line Items]
Operating expenses	(2.3)	(2.1)
Non-operating investment income	43.6	17.5
Income before income taxes	$ 41.3	$ 15.4

CONSOLIDATED SPONSORED INVEST43

CONSOLIDATED SPONSORED INVESTMENT PORTFOLIOS. (Statement of Cash Flows) (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities	[1]	$ 188.5	$ 72.5
Net cash provided by investing activities	[1]	29.4	207.8
Net cash (used in) provided by financing activities	[1]	146	(50.8)
Effect of exchange rate changes on cash and cash equivalents of consolidated sponsored investment portfolios	[1]	(3.4)	(1.4)
Net change in cash and cash equivalents during period	[1]	360.5	228.1
Cash and cash equivalents at beginning of year		1,204.9
Cash and cash equivalents at end of period		1,580.8
Consolidation eliminations [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities		(0.8)	(1.4)
Net cash provided by investing activities		23	173.9
Net cash (used in) provided by financing activities		(22.2)	(172.5)
Effect of exchange rate changes on cash and cash equivalents of consolidated sponsored investment portfolios		0	0
Net change in cash and cash equivalents during period		0	0
Consolidated sponsored investment portfolios [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Cash and cash equivalents at end of period		50.2	77.5
Consolidated sponsored investment portfolios [Member] | Reportable entities [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities		(538.8)	(433.5)
Net cash provided by investing activities		(46.5)	69.1
Net cash (used in) provided by financing activities		573.3	443.3
Effect of exchange rate changes on cash and cash equivalents of consolidated sponsored investment portfolios		(3.4)	(1.4)
Net change in cash and cash equivalents during period		(15.4)	77.5
Cash and cash equivalents at beginning of year		65.6	0
Cash and cash equivalents at end of period		50.2	77.5
Voting interest entities [Member] | Reportable entities [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities		(0.6)	(9.4)
Net cash provided by investing activities		(6.2)	26.3
Net cash (used in) provided by financing activities		3.2	(7.8)
Effect of exchange rate changes on cash and cash equivalents of consolidated sponsored investment portfolios		0	0
Net change in cash and cash equivalents during period		(3.6)	9.1
Cash and cash equivalents at beginning of year		10.3	0
Cash and cash equivalents at end of period		6.7	9.1
Variable interest entities [Member] | Reportable entities [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities		(538.2)	(424.1)
Net cash provided by investing activities		(40.3)	42.8
Net cash (used in) provided by financing activities		570.1	451.1
Effect of exchange rate changes on cash and cash equivalents of consolidated sponsored investment portfolios		(3.4)	(1.4)
Net change in cash and cash equivalents during period		(11.8)	68.4
Cash and cash equivalents at beginning of year		55.3	0
Cash and cash equivalents at end of period		$ 43.5	$ 68.4
[1]	See note 11 for a supplementary consolidating cash flow schedule.

CONSOLIDATED SPONSORED INVEST44

CONSOLIDATED SPONSORED INVESTMENT PORTFOLIOS. (Fair Value Measurements) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading investments	$ 81.1	$ 75.4
Fair value, measurements, recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	1,408.8	1,052.3
Trading investments	64.2	60.3
Total	2,179.3	1,821.6
Fair value, measurements, recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Trading investments	16.9	15.1
Total	16.9	15.1
Consolidated sponsored investment portfolios [Member] | Fair value, measurements, recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	5.7	8.8
Total	299.2	291
Liabilities	(0.3)	(0.6)
Consolidated sponsored investment portfolios [Member] | Fair value, measurements, recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	1	0.8
Total	981.8	1,278.5
Liabilities	(7.6)	(13.6)
Consolidated sponsored investment portfolios [Member] | Equity securities [Member] | Fair value, measurements, recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading investments	293.3	281.8
Consolidated sponsored investment portfolios [Member] | Equity securities [Member] | Fair value, measurements, recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading investments	318	325.3
Consolidated sponsored investment portfolios [Member] | Fixed income securities [Member] | Fair value, measurements, recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading investments	0	0
Consolidated sponsored investment portfolios [Member] | Fixed income securities [Member] | Fair value, measurements, recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading investments	651.9	918.1
Consolidated sponsored investment portfolios [Member] | Other investments [Member] | Fair value, measurements, recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading investments	0.2	0.4
Consolidated sponsored investment portfolios [Member] | Other investments [Member] | Fair value, measurements, recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading investments	$ 10.9	$ 34.3

STOCKHOLDERS' EQUITY. (Details)

STOCKHOLDERS' EQUITY. (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Stockholders' Equity Note [Line Items]
Cash dividends declared per share	$ 0.57	$ 0.54
Unsettled common stock repurchase liability	$ 10.2
Regular cash dividend [Member]
Stockholders' Equity Note [Line Items]
Cash dividends declared per share	$ 0.57	$ 0.54

STOCK-BASED COMPENSATION. (Stoc

STOCK-BASED COMPENSATION. (Stock Options) (Details)	3 Months Ended
	Mar. 31, 2017$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at December 31, 2016 (in shares) | shares	24,364,322
Exercised (in shares) | shares	(1,552,287)
Forfeited (in shares) | shares	(13,765)
Expired (in shares) | shares	(32,437)
Outstanding at March 31, 2017 (in shares) | shares	22,765,833
Exercisable at March 31, 2017 (in shares) | shares	15,947,980
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted-average exercise price of options outstanding at December 31, 2016 (in dollars per share) | $ / shares	$ 61.90
Weighted-average exercise price of options exercised (in dollars per share) | $ / shares	49.11
Weighted-average exercise price of options forfeited (in dollars per share) | $ / shares	74.51
Weighted-average exercise price of options expired (in dollars per share) | $ / shares	75.84
Weighted-average exercise price of options outstanding at March 31, 2017 (in dollars per share) | $ / shares	62.75
Weighted-average exercise price of options exercisable at March 31, 2017 (in dollars per share) | $ / shares	$ 57.92

STOCK-BASED COMPENSATION. (Rest

STOCK-BASED COMPENSATION. (Restricted Shares and Stock Units) (Details)	3 Months Ended
	Mar. 31, 2017$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted-average fair value of nonvested restricted shares and restricted stock units at December 31, 2016 (in dollars per share) | $ / shares	$ 72.19
Weighted-average fair value of restricted shares and restricted stock units vested (in dollars per share) | $ / shares	78.67
Weighted-average fair value of restricted shares and restricted stock units forfeited (in dollars per share) | $ / shares	72.92
Weighted-average fair value of nonvested restricted shares and restricted stock units at March 31, 2017 (in dollars per share) | $ / shares	72.14
Time-based [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted-average fair value of restricted shares and restricted stock units granted (in dollars per share) | $ / shares	$ 66.77
Restricted shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested at December 31, 2016 (in shares)	931,508
Vested (in shares)	(1,420)
Forfeited (in shares)	(3,626)
Nonvested at March 31, 2017 (in shares)	926,462
Restricted shares [Member] | Time-based [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Grants (in shares)	0
Restricted shares [Member] | Performance-based [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested at March 31, 2017 (in shares)	14,400
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Nonvested shares where performance threshold has been met (in shares)	14,400
Restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested at December 31, 2016 (in shares)	4,634,461
Vested (in shares)	(5,650)
Forfeited (in shares)	(15,449)
Nonvested at March 31, 2017 (in shares)	4,652,920
Restricted stock units [Member] | Time-based [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Grants (in shares)	39,558
Restricted stock units [Member] | Performance-based [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested at March 31, 2017 (in shares)	401,138
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Nonvested shares where performance threshold has been met (in shares)	342,049

STOCK-BASED COMPENSATION. (Futu

STOCK-BASED COMPENSATION. (Future Stock-Based Compensation Expense) (Details) $ in Millions	Mar. 31, 2017USD ($)
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Second quarter 2017	$ 37.6
Third quarter 2017	37.8
Fourth quarter 2017	33.8
2,018	85.7
2019 through 2022	72.9
Total	$ 267.8

EARNINGS PER SHARE CALCULATIO49

EARNINGS PER SHARE CALCULATIONS. (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Earnings Per Share [Abstract]
Net income attributable to T. Rowe Price Group	$ 385.9	$ 304.1
Less: net income allocated to outstanding restricted stock and stock unit holders	8.7	5.8
Less: net income allocated to outstanding restricted stock and stock unit holders	8.7	5.8
Net income allocated to common stockholders (basic)	377.2	298.3
Net income allocated to common stockholders (diluted)	$ 377.2	$ 298.3
Weighted-average common shares
Outstanding (in shares)	242.1	246.7
Outstanding assuming dilution (in shares)	245.5	251.9
Weighted-average outstanding stock options excluded (in shares)	9.5	10.8

OTHER COMPREHENSIVE INCOME AN50

OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME. (Deferred Tax Benefits (Income Taxes)) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net unrealized holding gains or losses [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net deferred tax benefits (income taxes) on other comprehensive income (loss) before reclassifications	$ (7.1)	$ 2.5
Total net deferred tax benefits (income taxes)	11.5	23.1
Net gains realized on dispositions [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net deferred tax benefits (income taxes) on reclassifications from AOCI	18.6	20.6
Currency translation adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total net deferred tax benefits (income taxes)	(0.8)	(6.7)
Total accumulated other comprehensive income (loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total net deferred tax benefits (income taxes)	$ 10.7	$ 16.4

OTHER COMPREHENSIVE INCOME AN51

OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME. (Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balances	$ 5,008.6
Other comprehensive income (loss)	(16.9)
Balances	5,000.2
Net unrealized holding gains [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balances	52.2
Other comprehensive income (loss) before reclassifications and income taxes	18.3
Reclassification adjustments recognized in non-operating income	(47.6)
Other comprehensive income (loss), before taxes	(29.3)
Net deferred tax benefits (income taxes)	11.5	$ 23.1
Other comprehensive income (loss)	(17.8)
Balances	34.4
Currency translation adjustments [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balances	(40.7)
Other comprehensive income (loss) before reclassifications and income taxes	1.7
Reclassification adjustments recognized in non-operating income	0
Other comprehensive income (loss), before taxes	1.7
Net deferred tax benefits (income taxes)	(0.8)	(6.7)
Other comprehensive income (loss)	0.9
Balances	(39.8)
Currency translation adjustments [Member] | Equity method investments [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balances	(32.3)
Other comprehensive income (loss) before reclassifications and income taxes	(3.2)
Reclassification adjustments recognized in non-operating income	0
Other comprehensive income (loss), before taxes	(3.2)
Net deferred tax benefits (income taxes)	1.1
Other comprehensive income (loss)	(2.1)
Balances	(34.4)
Currency translation adjustments [Member] | Consolidated sponsored investment portfolios - variable interest entities [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balances	(8.4)
Other comprehensive income (loss) before reclassifications and income taxes	4.9
Reclassification adjustments recognized in non-operating income	0
Other comprehensive income (loss), before taxes	4.9
Net deferred tax benefits (income taxes)	(1.9)
Other comprehensive income (loss)	3
Balances	(5.4)
Total accumulated other comprehensive income (loss) [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balances	11.5
Other comprehensive income (loss) before reclassifications and income taxes	20
Reclassification adjustments recognized in non-operating income	(47.6)
Other comprehensive income (loss), before taxes	(27.6)
Net deferred tax benefits (income taxes)	10.7	$ 16.4
Other comprehensive income (loss)	(16.9)
Balances	$ (5.4)

OTHER COMPREHENSIVE INCOME AN52

OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME (Reclassification Adjustments) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Reclassification adjustment out of accumulated other comprehensive income
Non-operating income	$ (115)	$ (85.1)
Provision for income taxes	236.3	182.7
Reclassification out of accumulated other comprehensive income [Member] | Net unrealized holding gains or losses [Member]
Reclassification adjustment out of accumulated other comprehensive income
Non-operating income	(47.6)
Reclassification out of accumulated other comprehensive income [Member] | Net gains realized on dispositions [Member]
Reclassification adjustment out of accumulated other comprehensive income
Provision for income taxes	18.6	20.6
Reclassification out of accumulated other comprehensive income [Member] | Currency translation adjustments [Member]
Reclassification adjustment out of accumulated other comprehensive income
Non-operating income	0	$ 0
Reclassification out of accumulated other comprehensive income [Member] | Total accumulated other comprehensive income (loss) [Member]
Reclassification adjustment out of accumulated other comprehensive income
Non-operating income	(47.6)
Equity method investments [Member] | Reclassification out of accumulated other comprehensive income [Member] | Currency translation adjustments [Member]
Reclassification adjustment out of accumulated other comprehensive income
Non-operating income	0
Variable interest entities [Member] | Reclassification out of accumulated other comprehensive income [Member] | Currency translation adjustments [Member]
Reclassification adjustment out of accumulated other comprehensive income
Non-operating income	$ 0

DELL APPRAISAL RIGHTS MATTER. (

DELL APPRAISAL RIGHTS MATTER. (Details) - Dell appraisal rights matter [Member] - USD ($) $ / shares in Units, $ in Millions	Dec. 30, 2016	Mar. 31, 2017	Jun. 30, 2016
Unusual or Infrequent Item [Line Items]
Nonrecurring charge, net of insurance recovery, related to Dell appraisal rights matter			$ 166.2
Court determined fair value per share at time of Dell merger (in dollars per share)			$ 17.62
Price offered per share in Dell merger (in dollars per share)			13.75
Payment per share for any shareholder perfecting appraisal rights (in dollars per share)			$ 17.62
Insurance proceeds	$ 100	$ 50
Insurance proceeds, received		40
Insurance proceeds, receivable		$ 10

SUPPLEMENTARY CONSOLIDATING C54

SUPPLEMENTARY CONSOLIDATING CASH FLOW STATEMENT. (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Condensed Financial Statements, Captions [Line Items]
Net income	[1]	$ 400.4	$ 313.3
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization of property and equipment	[1]	35.6	32.2
Stock-based compensation expense	[1]	36.8	36.8
Realized gains on dispositions of available-for-sale sponsored investment portfolios	[1]	(47.6)	(52.3)
Net gains recognized on other investments	[1]	(14.4)	(6.9)
Net change in trading securities held by consolidated sponsored investment portfolios	[1]	(566.3)	(458.7)
Other changes in assets and liabilities	[1]	344	208.1
Net cash provided by operating activities	[1]	188.5	72.5
Net cash provided by investing activities	[1]	29.4	207.8
Net cash (used in) provided by financing activities	[1]	146	(50.8)
Effect of exchange rate changes on cash and cash equivalents of consolidated sponsored investment portfolios	[1]	(3.4)	(1.4)
Net change in cash and cash equivalents during period	[1]	360.5	228.1
Cash and cash equivalents at beginning of year	[1]	1,270.5	1,172.3
Cash and cash equivalents at end of period	[1]	1,631	1,400.4
Consolidation eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net income		(31.8)	(12)
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization of property and equipment		0	0
Stock-based compensation expense		0	0
Realized gains on dispositions of available-for-sale sponsored investment portfolios		0	0
Net gains recognized on other investments		31.8	12
Net change in trading securities held by consolidated sponsored investment portfolios		0	0
Other changes in assets and liabilities		(0.8)	(1.4)
Net cash provided by operating activities		(0.8)	(1.4)
Net cash provided by investing activities		23	173.9
Net cash (used in) provided by financing activities		(22.2)	(172.5)
Effect of exchange rate changes on cash and cash equivalents of consolidated sponsored investment portfolios		0	0
Net change in cash and cash equivalents during period		0	0
Cash and cash equivalents at beginning of year		0	0
Cash and cash equivalents at end of period		0	0
Attributable to T. Rowe Price Group [Member] | Reportable entities [Member]
Condensed Financial Statements, Captions [Line Items]
Net income		385.9	304.1
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization of property and equipment		35.6	32.2
Stock-based compensation expense		36.8	36.8
Realized gains on dispositions of available-for-sale sponsored investment portfolios		(47.6)	(52.3)
Net gains recognized on other investments		(46.2)	(18.9)
Net change in trading securities held by consolidated sponsored investment portfolios		0	0
Other changes in assets and liabilities		363.6	205.5
Net cash provided by operating activities		728.1	507.4
Net cash provided by investing activities		52.9	(35.2)
Net cash (used in) provided by financing activities		(405.1)	(321.6)
Effect of exchange rate changes on cash and cash equivalents of consolidated sponsored investment portfolios		0	0
Net change in cash and cash equivalents during period		375.9	150.6
Cash and cash equivalents at beginning of year		1,204.9	1,172.3
Cash and cash equivalents at end of period		1,580.8	1,322.9
Attributable to consolidated sponsored investment portfolios [Member] | Reportable entities [Member]
Condensed Financial Statements, Captions [Line Items]
Net income		46.3	21.2
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization of property and equipment		0	0
Stock-based compensation expense		0	0
Realized gains on dispositions of available-for-sale sponsored investment portfolios		0	0
Net gains recognized on other investments		0	0
Net change in trading securities held by consolidated sponsored investment portfolios		(566.3)	(458.7)
Other changes in assets and liabilities		(18.8)	4
Net cash provided by operating activities		(538.8)	(433.5)
Net cash provided by investing activities		(46.5)	69.1
Net cash (used in) provided by financing activities		573.3	443.3
Effect of exchange rate changes on cash and cash equivalents of consolidated sponsored investment portfolios		(3.4)	(1.4)
Net change in cash and cash equivalents during period		(15.4)	77.5
Cash and cash equivalents at beginning of year		65.6	0
Cash and cash equivalents at end of period		$ 50.2	$ 77.5
[1]	See note 11 for a supplementary consolidating cash flow schedule.