Franklin Resources (BEN) 10-Q 29 Jul 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jun. 30, 2015	Jul. 22, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	Franklin Resources Inc
Entity Central Index Key	38,777
Current Fiscal Year End Date	--09-30
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		613,818,029

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Operating Revenues
Investment management fees	$ 1,340.9	$ 1,393.2	$ 4,070.9	$ 4,135
Sales and distribution fees	566.8	643.7	1,741.8	1,919
Shareholder servicing fees	66.5	69	198.4	212.8
Other	26.6	24.6	63.8	69.1
Total operating revenues	2,000.8	2,130.5	6,074.9	6,335.9
Operating Expenses
Sales, distribution and marketing	694	789.3	2,136	2,332.3
Compensation and benefits	363.5	380.7	1,116.5	1,102
Information systems and technology	58.3	54.3	159.4	155.5
Occupancy	30.7	34.1	97.1	101
General, administrative and other	84.5	85.3	256.4	259.2
Total operating expenses	1,231	1,343.7	3,765.4	3,950
Operating Income	769.8	786.8	2,309.5	2,385.9
Other Income (Expenses)
Investment and other income (losses), net	(4.7)	107.6	149.9	172.8
Interest expense	(13.7)	(10.9)	(26.7)	(34.9)
Other income (expenses), net	(18.4)	96.7	123.2	137.9
Income before taxes	751.4	883.5	2,432.7	2,523.8
Taxes on income	217.4	251.4	709.5	742.9
Net income	534	632.1	1,723.2	1,780.9
Nonredeemable noncontrolling interests	28.6	47.4	49.4	23
Redeemable noncontrolling interests	1.2	5.8	(3.3)	14.2
Net Income Attributable to Franklin Resources, Inc.	$ 504.2	$ 578.9	$ 1,677.1	$ 1,743.7
Earnings per Share
Basic	$ 0.82	$ 0.92	$ 2.70	$ 2.77
Diluted	0.82	0.92	2.70	2.77
Dividends per Share	$ 0.15	$ 0.12	$ 0.95	$ 0.36

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net Income	$ 534	$ 632.1	$ 1,723.2	$ 1,780.9
Other Comprehensive Income (Loss)
Net unrealized gains (losses) on investments, net of tax	(8.7)	2.5	0	(6)
Currency translation adjustments, net of tax	42.2	17.2	(138.8)	25.2
Net unrealized gains (losses) on defined benefit plans, net of tax	(0.1)	0.1	0.9	(1.1)
Total other comprehensive income (loss)	33.4	19.8	(137.9)	18.1
Total comprehensive income	567.4	651.9	1,585.3	1,799
Nonredeemable noncontrolling interests	28.6	47.4	49.4	23
Redeemable noncontrolling interests	1.2	5.8	(3.3)	14.2
Comprehensive Income Attributable to Franklin Resources, Inc.	$ 537.6	$ 598.7	$ 1,539.2	$ 1,761.8

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2015	Sep. 30, 2014
Assets
Cash and cash equivalents	$ 8,426.4	$ 7,596
Receivables	899	950
Investments	2,549.1	2,516.1
Investments, at fair value	1,772.2	1,845.6
Deferred taxes, net	106.3	98.1
Property and equipment, net	510.1	530.7
Goodwill and other intangible assets, net	2,285.8	2,325.9
Other	157.6	178.2
Total Assets	16,670.3	16,357.1
Liabilities
Compensation and benefits	428.8	465.1
Accounts payable and accrued expenses	225.7	237.5
Dividends	94.2	76.9
Commissions	403.3	440.3
Debt	1,347.9	1,198.2
Debt of consolidated sponsored investment products	90.8	122.3
Debt of consolidated variable interest entities	764.8	828.5
Deferred taxes	261.1	259.3
Other	268.1	281.8
Total liabilities	$ 3,884.7	$ 3,909.9
Commitments and Contingencies (Note 9)
Redeemable Noncontrolling Interests	$ 71.7	$ 234.8
Stockholders' Equity
Preferred stock, $1.00 par value, 1,000,000 shares authorized; none issued	0	0
Common stock, $0.10 par value, 1,000,000,000 shares authorized; 614,813,951 and 622,893,090 shares issued and outstanding at June 30, 2015 and September 30, 2014	61.5	62.3
Retained earnings	12,279.6	11,625.6
Appropriated retained earnings of consolidated variable interest entities	0	13.9
Accumulated other comprehensive loss	(255.6)	(117.7)
Total Franklin Resources, Inc. stockholders’ equity	12,085.5	11,584.1
Nonredeemable noncontrolling interests	628.4	628.3
Total stockholders’ equity	12,713.9	12,212.4
Total Liabilities, Redeemable Noncontrolling Interests and Stockholders’ Equity	16,670.3	16,357.1
Consolidated sponsored investment products [Member]
Assets
Cash and cash equivalents	81.2	44.9
Receivables	12.2	16.2
Investments, at fair value	1,026.6	1,373.7
Other	0.6	0.7
Total Assets	1,120.6	1,435.5
Liabilities
Accounts payable and accrued expenses	24.3	18.5
Debt of consolidated sponsored investment products	90.8	122.3
Other	12.5	12.4
Total liabilities	127.6	153.2
Redeemable Noncontrolling Interests	71.7	234.8
Stockholders' Equity
Total Franklin Resources, Inc. stockholders’ equity	313.9	436.5
Nonredeemable noncontrolling interests	607.4	611
Total stockholders’ equity	921.3	1,047.5
Total Liabilities, Redeemable Noncontrolling Interests and Stockholders’ Equity	1,120.6	1,435.5
Consolidated variable interest entities [Member]
Assets
Cash and cash equivalents	82.6	74.3
Receivables	3.6	23
Investments, at fair value	709.4	788.4
Other	0	0
Total Assets	795.6	885.7
Liabilities
Accounts payable and accrued expenses	22.3	35.3
Debt of consolidated variable interest entities	764.8	828.5
Other	0	0
Total liabilities	787.1	863.8
Redeemable Noncontrolling Interests	0	0
Stockholders' Equity
Total Franklin Resources, Inc. stockholders’ equity	8.5	21.9
Nonredeemable noncontrolling interests	0	0
Total stockholders’ equity	8.5	21.9
Total Liabilities, Redeemable Noncontrolling Interests and Stockholders’ Equity	795.6	885.7
Franklin Resources, Inc. [Member]
Assets
Cash and cash equivalents	$ 8,262.6	$ 7,476.8

Condensed Consolidated Balance5

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2015	Sep. 30, 2014
Statement of Financial Position [Abstract]
Investments, at fair value	$ 1,772.2	$ 1,845.6
Preferred stock, par value	$ 1	$ 1
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.10	$ 0.10
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	614,813,951	622,893,090
Common stock, shares outstanding	614,813,951	622,893,090

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Net cash provided by (used in) operating activities
Net Income	$ 1,723.2	$ 1,780.9
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of deferred sales commissions	87.2	97.2
Depreciation and other amortization	72.6	72.9
Stock-based compensation	106.5	96.9
Excess tax benefit from stock-based compensation	(8.1)	(8.1)
Gains on sale of assets	(25.2)	(40)
Income from investments in equity method investees	(9.3)	(68.2)
Net gains on other investments of consolidated sponsored investment products	(30.9)	(18.2)
Net gains of consolidated variable interest entities	(4.5)	(8.1)
Deferred income taxes	(4.5)	(22.3)
Other	14.1	7.9
Changes in operating assets and liabilities:
Decrease (increase) in receivables, prepaid expenses and other	4.1	(133.7)
Decrease (increase) in trading securities, net	5.6	(77.6)
Increase in trading securities of consolidated sponsored investment products, net	(49.8)	(448.9)
Originations of loans held for sale	0	(38.3)
Proceeds from sale of loans originated for resale	0	38.4
Decrease in accrued compensation and benefits	(24.5)	(11.6)
Increase (decrease) in commissions payable	(37)	20.3
Increase in income taxes payable	28.4	3.4
Increase (decrease) in other liabilities	(33)	168
Net cash provided by operating activities	1,814.9	1,410.9
Net cash provided by (used in) investing activities
Purchase of investments	(190.7)	(205.4)
Liquidation of investments	296.4	410.4
Purchase of investments by consolidated sponsored investment products	(127.5)	(261.2)
Liquidation of investments by consolidated sponsored investment products	179.4	125.1
Purchase of investments by consolidated variable interest entities	(214.3)	(162.1)
Liquidation of investments by consolidated variable interest entities	315	340.2
Decrease in loans receivable, net	0	36.8
Decrease in loans transferred to held for sale	0	8.2
Proceeds from sale of loans transferred to held for sale	0	181.3
Additions of property and equipment, net	(43.5)	(38.2)
Increase (decrease) in cash and cash equivalents from net consolidation (deconsolidation) of sponsored investment products	20.5	(150.8)
Net cash provided by investing activities	235.3	284.3
Net cash provided by (used in) financing activities
Increase (decrease) in deposits	(0.3)	76.3
Issuance of common stock	13.6	20.4
Dividends paid on common stock	(574)	(215.3)
Repurchase of common stock	(559.5)	(444.4)
Excess tax benefit from stock-based compensation	8.1	8.1
Proceeds from issuance of debt	395.7	0
Payments on debt	(250)	0
Proceeds from issuance of debt by consolidated sponsored investment products	454	601.6
Payments on debt by consolidated sponsored investment products	(483.7)	(571.9)
Payments on debt by consolidated variable interest entities	(87.8)	(160.6)
Payments on contingent consideration liabilities	(7.7)	(4.8)
Noncontrolling interests	(5.6)	358.3
Net cash used in financing activities	(1,097.2)	(332.3)
Effect of exchange rate changes on cash and cash equivalents	(122.6)	11.6
Increase in cash and cash equivalents	830.4	1,374.5
Cash and cash equivalents, beginning of period	7,596	6,323.1
Cash and Cash Equivalents, End of Period	8,426.4	7,697.6
Supplemental Disclosure of Cash Flow Information
Cash paid for income taxes	706.1	767.3
Cash paid for interest	32.1	33.1
Cash paid for interest by consolidated variable interest entities and consolidated sponsored investment products	$ 25	$ 34.3

Basis of Presentation

Basis of Presentation	9 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The unaudited interim financial statements of Franklin Resources, Inc. (“Franklin”) and its consolidated subsidiaries (collectively, the “Company”) included herein have been prepared by the Company in accordance with the instructions to Form 10-Q and the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”). Under these rules and regulations, some information and footnote disclosures normally included in financial statements prepared under accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been shortened or omitted. Management believes that all adjustments necessary for a fair statement of the financial position and the results of operations for the periods shown have been made. All adjustments are normal and recurring. These financial statements should be read together with the Company’s audited financial statements included in its Form 10-K for the fiscal year ended September 30, 2014 (“fiscal year 2014 ”). Certain amounts for the comparative prior fiscal year period have been reclassified to conform to the financial statement presentation as of and for the period ended June 30, 2015 .

New Accounting Guidance

New Accounting Guidance	9 Months Ended
	Jun. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Guidance	New Accounting Guidance Recently Adopted Accounting Guidance On October 1, 2014 , the Company adopted new Financial Accounting Standards Board (“FASB”) guidance that provides an entity the election to measure the financial assets and financial liabilities of a consolidated collateralized financing entity using the more observable fair value of either the financial assets or financial liabilities, and elected this measurement alternative for its consolidated collateralized loan obligations (“CLOs”). The adoption resulted in a $14.2 million increase in debt of consolidated variable interest entities (“VIEs”), a $13.9 million reduction in appropriated retained earnings of consolidated VIEs and a $0.3 million reduction in retained earnings as of October 1, 2014 . The Company’s subsequent earnings from the consolidated CLOs reflect changes in fair value of its own economic interests in the CLOs, and no longer include gains or losses on assets and liabilities of the CLOs, which were primarily attributable to noncontrolling interests. New Accounting Guidance Not Yet Adopted In February 2015, the FASB issued an amendment to the existing consolidation guidance. The amendment modifies the consolidation framework for certain investment entities and all limited partnerships. It also eliminates certain criteria used to determine whether fees paid to a decision maker are a variable interest. The amendment allows for either a full retrospective or modified approach at adoption, and is effective for the Company in the first quarter of the fiscal year ending September 30, 2017. The Company is currently evaluating the impact that the adoption of the amendment will have on its consolidated financial statements. There were no other significant updates to the new accounting guidance not yet adopted by the Company as disclosed in its Form 10-K for fiscal year 2014.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Jun. 30, 2015
Stockholders' Equity Note [Abstract]
Stockholders' Equity and Redeemable Noncontrolling Interests	Stockholders’ Equity The changes in total stockholders’ equity were as follows: (in millions) Franklin Resources, Inc. Stockholders’ Equity Nonredeemable Noncontrolling Interests Total Stockholders’ Equity for the nine months ended June 30, 2015 Balance at October 1, 2014 $ 11,584.1 $ 628.3 $ 12,212.4 Adjustment for adoption of new accounting guidance (14.2 ) (14.2 ) Net income 1,677.1 49.4 1,726.5 Other comprehensive loss (137.9 ) (137.9 ) Cash dividends on common stock (591.3 ) (591.3 ) Repurchase of common stock (559.5 ) (559.5 ) Net distributions (49.3 ) (49.3 ) Other 1 127.2 127.2 Balance at June 30, 2015 $ 12,085.5 $ 628.4 $ 12,713.9 __________________ 1 Primarily relates to stock-based compensation plans. (in millions) Franklin Resources, Inc. Stockholders’ Equity Nonredeemable Noncontrolling Interests Total Stockholders’ Equity for the nine months ended June 30, 2014 Balance at October 1, 2013 $ 10,073.1 $ 612.4 $ 10,685.5 Net income 1,743.7 23.0 1,766.7 Net income reclassified to appropriated retained earnings 4.4 (4.4 ) — Other comprehensive income 18.1 18.1 Cash dividends on common stock (226.7 ) (226.7 ) Repurchase of common stock (444.4 ) (444.4 ) Net distributions (5.4 ) (5.4 ) Other 1 127.1 127.1 Balance at June 30, 2014 $ 11,295.3 $ 625.6 $ 11,920.9 __________________ 1 Primarily relates to stock-based compensation plans. During the three and nine months ended June 30, 2015 , the Company repurchased 4.3 million and 10.6 million shares of its common stock at a cost of $218.3 million and $559.5 million under its stock repurchase program. Effective March 19, 2015, the Company adopted a stock trading plan under Rule 10b5-1 of the Securities and Exchange Act of 1934 to facilitate the ongoing repurchase of its common stock under the stock repurchase program. In December 2013, the Company’s Board of Directors authorized the repurchase of up to 30.0 million additional shares of its common stock under the stock repurchase program. At June 30, 2015 , 19.2 million shares remained available for repurchase under the program, which is not subject to an expiration date. During the three and nine months ended June 30, 2014 , the Company repurchased 2.4 million and 8.3 million shares of its common stock at a cost of $128.5 million and $444.4 million .

Earnings per Share

Earnings per Share	9 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share The components of basic and diluted earnings per share were as follows: (in millions, except per share data) Three Months Ended Nine Months Ended 2015 2014 2015 2014 Net Income Attributable to Franklin Resources, Inc. $ 504.2 $ 578.9 $ 1,677.1 $ 1,743.7 Less: Allocation of earnings to participating nonvested stock and stock unit awards 3.4 3.9 10.5 11.2 Net Income Available to Common Stockholders $ 500.8 $ 575.0 $ 1,666.6 $ 1,732.5 Weighted-average shares outstanding – basic 614.1 623.2 617.3 625.8 Dilutive effect of nonparticipating nonvested stock unit awards and common stock options 0.1 0.4 0.1 0.5 Weighted-Average Shares Outstanding – Diluted 614.2 623.6 617.4 626.3 Earnings per Share Basic $ 0.82 $ 0.92 $ 2.70 $ 2.77 Diluted 0.82 0.92 2.70 2.77 Nonparticipating nonvested stock unit awards excluded from the calculation of diluted earnings per share because their effect would have been antidilutive were 1.0 million and 0.9 million for the three and nine months ended June 30, 2015 , and 0.1 million for the three and nine months ended June 30, 2014 .

Investments

Investments	9 Months Ended
	Jun. 30, 2015
Investments [Abstract]
Investments	Investments The disclosures below include details of the Company’s investments, excluding those of consolidated sponsored investment products (“SIPs”) and consolidated VIEs. See Note 8 – Variable Interest Entities and Consolidated Sponsored Investment Products for information related to the investments held by these entities. Investments consisted of the following: (in millions) June 30, September 30, Investment securities, trading $ 1,270.1 $ 1,277.5 Investment securities, available-for-sale SIPs 453.0 517.6 Securities of U.S. states and political subdivisions 6.6 11.3 Securities of the U.S. Treasury and federal agencies 0.7 0.7 Mortgage-backed securities – agency residential 1 22.9 17.9 Other equity securities 4.2 6.6 Total investment securities, available-for-sale 487.4 554.1 Investments in equity method investees 686.5 594.9 Other investments 105.1 89.6 Total $ 2,549.1 $ 2,516.1 __________________ 1 Consist of U.S. government-sponsored enterprise obligations. At June 30, 2015 and September 30, 2014 , investment securities with aggregate carrying amounts of $4.5 million and $6.1 million were pledged as collateral. A summary of the gross unrealized gains and losses relating to investment securities, available-for-sale is as follows: (in millions) Gross Unrealized as of June 30, 2015 Cost Basis Gains Losses Fair Value SIPs $ 413.8 $ 42.6 $ (3.4 ) $ 453.0 Securities of U.S. states and political subdivisions 6.6 — — 6.6 Securities of the U.S. Treasury and federal agencies 0.7 — — 0.7 Mortgage-backed securities – agency residential 22.8 0.1 — 22.9 Other equity securities 4.1 0.1 — 4.2 Total $ 448.0 $ 42.8 $ (3.4 ) $ 487.4 (in millions) Gross Unrealized as of September 30, 2014 Cost Basis Gains Losses Fair Value SIPs $ 477.0 $ 43.5 $ (2.9 ) $ 517.6 Securities of U.S. states and political subdivisions 11.0 0.3 — 11.3 Securities of the U.S. Treasury and federal agencies 0.7 — — 0.7 Mortgage-backed securities – agency residential 18.0 — (0.1 ) 17.9 Other equity securities 6.3 0.3 — 6.6 Total $ 513.0 $ 44.1 $ (3.0 ) $ 554.1 The following tables show the gross unrealized losses and fair values of available-for-sale securities with unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position: Less Than 12 Months 12 Months or Greater Total (in millions) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses as of June 30, 2015 SIPs $ 71.3 $ (3.3 ) $ 0.6 $ (0.1 ) $ 71.9 $ (3.4 ) Less Than 12 Months 12 Months or Greater Total (in millions) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses as of September 30, 2014 SIPs $ 156.4 $ (2.7 ) $ 1.5 $ (0.2 ) $ 157.9 $ (2.9 ) Mortgage-backed securities – agency residential 4.0 — 11.6 (0.1 ) 15.6 (0.1 ) Total $ 160.4 $ (2.7 ) $ 13.1 $ (0.3 ) $ 173.5 $ (3.0 ) The Company recognized $3.5 million and $5.5 million of other-than-temporary impairment during the three and nine months ended June 30, 2015 , of which $1.7 million and $3.7 million related to available-for-sale SIPs. The Company did not recognize any other-than-temporary impairment of investments during the three months ended June 30, 2014 . During the nine months ended June 30, 2014 , the Company recognized $0.6 million of other-than-temporary impairment, of which $0.4 million related to available-for-sale SIPs. At June 30, 2015 , contractual maturities of available-for-sale debt securities were as follows: (in millions) Cost Basis Fair Value Due in one year or less $ 0.6 $ 0.6 Due after one year through five years 6.7 6.7 Total $ 7.3 $ 7.3 Mortgage-backed securities are not included in the table above as their actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The disclosures below include details of the Company’s fair value measurements, excluding those of consolidated SIPs and consolidated VIEs. See Note 8 – Variable Interest Entities and Consolidated Sponsored Investment Products for information related to fair value measurements of the assets and liabilities of these entities. The Company uses a three-level fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value based on whether the inputs to those valuation techniques are observable or unobservable. The three levels of fair value hierarchy are set forth below. The Company’s assessment of the hierarchy level of the assets and liabilities measured at fair value is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 Observable inputs other than Level 1 quoted prices, such as non-binding quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; or inputs other than quoted prices that are observable or corroborated by observable market data. Level 2 quoted prices are generally obtained from two independent third-party brokers or dealers, including prices derived from model-based valuation techniques for which the significant assumptions are observable in the market or corroborated by observable market data. Quoted prices are validated through price variance analysis, subsequent sales testing, stale price review, price comparison across pricing vendors and due diligence reviews of third-party vendors. Level 3 Unobservable inputs that are supported by little or no market activity. These inputs require significant management judgment and reflect the Company’s estimation of assumptions that market participants would use in pricing the asset or liability. Assets and liabilities measured at fair value on a recurring basis were as follows: (in millions) Level 1 Level 2 Level 3 Total as of June 30, 2015 Assets Investment securities, trading $ 1,180.3 $ 85.8 $ 4.0 $ 1,270.1 Investment securities, available-for-sale SIPs 453.0 — — 453.0 Securities of U.S. states and political subdivisions — 6.6 — 6.6 Securities of the U.S. Treasury and federal agencies — 0.7 — 0.7 Mortgage-backed securities – agency residential — 22.9 — 22.9 Other equity securities 1.3 2.9 — 4.2 Life settlement contracts — — 14.7 14.7 Total Assets Measured at Fair Value $ 1,634.6 $ 118.9 $ 18.7 $ 1,772.2 Liabilities Contingent consideration liabilities $ — $ — $ 98.4 $ 98.4 (in millions) Level 1 Level 2 Level 3 Total as of September 30, 2014 Assets Investment securities, trading $ 1,196.1 $ 81.4 $ — $ 1,277.5 Investment securities, available-for-sale SIPs 517.6 — — 517.6 Securities of U.S. states and political subdivisions — 11.3 — 11.3 Securities of the U.S. Treasury and federal agencies — 0.7 — 0.7 Mortgage-backed securities – agency residential — 17.9 — 17.9 Other equity securities 1.7 4.9 — 6.6 Life settlement contracts — — 14.0 14.0 Total Assets Measured at Fair Value $ 1,715.4 $ 116.2 $ 14.0 $ 1,845.6 Liabilities Contingent consideration liabilities $ — $ — $ 98.5 $ 98.5 The fair values of substantially all trading investments, all available-for-sale SIPs and certain other equity securities are determined based on their published net asset values. The fair values of certain trading investments, all available-for-sale debt securities and certain other equity securities are determined using quoted market prices, if available, or independent third-party broker or dealer price quotes, which are evaluated for reasonableness. The fair values of certain other trading investments and life settlement contracts are determined using discounted cash flow valuation techniques. The fair value of contingent consideration liabilities is determined using an income-based method which considers the net present value of anticipated future cash flows. Substantially all of the balance relates to the Company’s commitment to acquire the remaining interests in K2 Advisors Holdings, LLC. There were no transfers between Level 1 and Level 2, or into or out of Level 3, during the three and nine months ended June 30, 2015 and 2014 . The changes in Level 3 assets and liabilities measured at fair value on a recurring basis were as follows: 2015 2014 (in millions) Investments Contingent Consideration Liabilities Investments Contingent for the three months ended June 30, Balance at beginning of period $ 18.6 $ (98.7 ) $ 13.6 $ (104.2 ) Total realized and unrealized gains (losses) Included in investment and other income (losses), net 0.3 — 0.7 — Included in general, administrative and other expense — (0.2 ) — 3.3 Other — — — 0.1 Settlements (0.2 ) 0.5 (0.5 ) 2.0 Balance at End of Period $ 18.7 $ (98.4 ) $ 13.8 $ (98.8 ) Change in unrealized gains (losses) included in net income relating to assets and liabilities held at end of period $ 0.2 $ (0.2 ) $ 0.3 $ 3.4 2015 2014 (in millions) Investments Contingent Investments Contingent for the nine months ended June 30, Balance at beginning of period $ 14.0 $ (98.5 ) $ 13.8 $ (97.7 ) Total realized and unrealized gains (losses) Included in investment and other income (losses), net 1.4 — 2.4 — Included in general, administrative and other expense — (7.7 ) — (5.6 ) Other — (0.1 ) — (0.3 ) Purchases 4.3 — 0.1 — Sales — — (0.7 ) — Settlements (1.0 ) 7.7 (1.8 ) 4.8 Effect of exchange rate changes — 0.2 — — Balance at End of Period $ 18.7 $ (98.4 ) $ 13.8 $ (98.8 ) Change in unrealized gains (losses) included in net income relating to assets and liabilities held at end of period $ 0.8 $ (7.8 ) $ 0.9 $ (5.9 ) The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements were as follows: (in millions) as of June 30, 2015 Fair Value Valuation Technique Significant Unobservable Inputs Range (Weighted Average) Investment securities, trading $ 4.0 Discounted cash flow Discount rate 5.2%–6.0% (5.4%) Risk premium 2.7%–2.8% (2.8%) Life settlement contracts 14.7 Discounted cash flow Life expectancy 20–143 months (68) Discount rate 3.3%–19.0% (11.7%) Contingent consideration liabilities 98.4 Discounted cash flow AUM growth rate (2.4)% – 13.9% (9.0%) EBITDA margin 24.6%–27.6% (25.3%) Discount rate 14.0% (in millions) as of September 30, 2014 Fair Value Valuation Technique Significant Unobservable Inputs Range (Weighted Average) Life settlement contracts $ 14.0 Discounted cash flow Life expectancy 23–150 months (71) Discount rate 3.3%–21.7% (11.7%) Contingent consideration liabilities 98.5 Discounted cash flow AUM growth rate 3.4%–20.2% (12.8%) EBITDA margin 21.9%–30.4% (28.2%) Discount rate 14.0% For investment securities, trading, a significant increase (decrease) in the discount rate or risk premium in isolation would result in a significantly lower (higher) fair value measurement. For life settlement contracts, a significant increase (decrease) in the life expectancy or the discount rate in isolation would result in a significantly lower (higher) fair value measurement. For contingent consideration liabilities, a significant increase (decrease) in the AUM growth rate or EBITDA margin, or decrease (increase) in the discount rate, in isolation would result in a significantly higher (lower) fair value measurement. Financial instruments that were not measured at fair value were as follows: (in millions) June 30, 2015 September 30, 2014 Fair Value Level Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Financial Assets Cash and cash equivalents 1 $ 8,262.6 $ 8,262.6 $ 7,476.8 $ 7,476.8 Other investments 1 2 or 3 90.4 100.7 75.6 87.8 Financial Liabilities Debt 2 1,347.9 1,368.7 1,198.2 1,235.8 _________________ 1 Primarily consist of Level 3 assets.

Debt

Debt	9 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Debt	Debt The disclosures below include details of the Company’s debt, excluding that of consolidated SIPs and consolidated VIEs. See Note 8 – Variable Interest Entities and Consolidated Sponsored Investment Products for information related to the debt of these entities. Debt consisted of the following: (in millions) June 30, Effective Interest Rate September 30, Effective Interest Rate $250 million 3.125% notes due May 2015 $ — N/A $ 250.0 3.32 % $300 million 1.375% notes due September 2017 299.3 1.66 % 299.0 1.66 % $350 million 4.625% notes due May 2020 349.8 4.74 % 349.8 4.74 % $300 million 2.800% notes due September 2022 299.5 2.93 % 299.4 2.93 % $400 million 2.850% notes due March 2025 399.3 2.97 % — N/A Total Debt $ 1,347.9 $ 1,198.2 In March 2015, the Company issued senior unsecured and unsubordinated notes with a total face value of $400.0 million due in March 2025 . The Company incurred $3.6 million in debt issuance costs, which are included in other assets in the condensed consolidated balance sheet, and the notes were issued at a discount of $0.7 million . The debt issuance costs and discount are being amortized over the term of the notes. Net proceeds from the issuance of the notes were used to repay the $250.0 million 3.125% notes upon maturity in May 2015 and for general corporate purposes. At June 30, 2015 , the Company’s outstanding senior unsecured and unsubordinated notes had an aggregate face value of $1.4 billion . The notes have fixed interest rates with interest payable semi-annually and contain an optional redemption feature that allows the Company to redeem each series of notes prior to maturity in whole or in part at any time, at a make-whole redemption price. The indentures governing the notes contain limitations on the Company’s ability and the ability of its subsidiaries to pledge voting stock or profit participating equity interests in its subsidiaries to secure other debt without similarly securing the notes equally and ratably. The indentures also include requirements that must be met if the Company consolidates or merges with, or sells all or substantially all of its assets to, another entity. At June 30, 2015 , the Company was in compliance with the covenants of the notes. At June 30, 2015 , maturities for debt were as follows: (in millions) Carrying Amount for the fiscal years ending September 30, 2015 $ — 2016 — 2017 299.3 2018 — 2019 — Thereafter 1,048.6 Total $ 1,347.9 At June 30, 2015 , the Company had $500.0 million of short-term commercial paper available for issuance under an uncommitted private placement program which has been inactive since April 2012 .

CVIEs and CSIPs

CVIEs and CSIPs	9 Months Ended
	Jun. 30, 2015
Variable Interest Entities and Consolidated Sponsored Investment Products [Abstract]
Variable Interest Entities and Consolidated Sponsored Investment Products	Variable Interest Entities and Consolidated Sponsored Investment Products The Company sponsors and manages various types of investment products, which consist of both VIEs and non-VIEs. The Company consolidates the VIE products for which it is the primary beneficiary and the non-VIE products which it controls. The Company has no right to the consolidated products’ assets, other than its direct equity investment in them, and/or investment management fees earned from them. The debt holders of these consolidated entities have no recourse to the Company’s assets beyond the level of its direct investment, therefore the Company bears no other risks associated with the entities’ liabilities. The balances of consolidated SIPs and consolidated VIEs included in the Company’s condensed consolidated balance sheets were as follows: June 30, 2015 September 30, 2014 Consolidated Consolidated (in millions) SIPs VIEs Total SIPs VIEs Total Assets Cash and cash equivalents $ 81.2 $ 82.6 $ 163.8 $ 44.9 $ 74.3 $ 119.2 Receivables 12.2 3.6 15.8 16.2 23.0 39.2 Investments, at fair value 1,026.6 709.4 1,736.0 1,373.7 788.4 2,162.1 Other assets 0.6 — 0.6 0.7 — 0.7 Total Assets $ 1,120.6 $ 795.6 $ 1,916.2 $ 1,435.5 $ 885.7 $ 2,321.2 Liabilities Accounts payable and accrued expenses $ 24.3 $ 22.3 $ 46.6 $ 18.5 $ 35.3 $ 53.8 Debt (at fair value at September 30, 2014) — 764.8 764.8 — 828.5 828.5 Debt 90.8 — 90.8 122.3 — 122.3 Other liabilities 12.5 — 12.5 12.4 — 12.4 Total liabilities 127.6 787.1 914.7 153.2 863.8 1,017.0 Redeemable Noncontrolling Interests 71.7 — 71.7 234.8 — 234.8 Stockholders ’ Equity Franklin Resources, Inc.’s interests 313.9 8.5 322.4 436.5 21.9 458.4 Nonredeemable noncontrolling interests 607.4 — 607.4 611.0 — 611.0 Total stockholders’ equity 921.3 8.5 929.8 1,047.5 21.9 1,069.4 Total Liabilities, Redeemable Noncontrolling Interests and Stockholders ’ Equity $ 1,120.6 $ 795.6 $ 1,916.2 $ 1,435.5 $ 885.7 $ 2,321.2 The consolidated SIPs and consolidated VIEs did not have a significant impact on net income attributable to the Company during the three and nine months ended June 30, 2015 and 2014 . Consolidated SIPs Consolidated SIPs consist of limited partnerships and similar structures that the Company controls and other fund products in which the Company has a controlling financial interest. The Company consolidated 35 SIPs as of June 30, 2015 , and 30 SIPs as of September 30, 2014 . SIPs are typically consolidated when the Company makes an initial investment in a newly launched fund or limited partnership entity. They are deconsolidated when the Company redeems its investment in the SIP or its voting interests decrease to a minority percentage. The Company’s investments in SIPs subsequent to deconsolidation are accounted for as trading or available-for-sale investment securities, or equity method or cost method investments depending on the nature of the SIP and the Company’s level of ownership. Consolidated VIEs Consolidated VIEs consist of sponsored CLOs, which are asset-backed financing entities collateralized by a pool of corporate debt securities. The assets and liabilities of the CLOs were both carried at fair value through September 30, 2014 . The Company adopted new accounting guidance on October 1, 2014 under which the liabilities are measured based on the fair value of the assets. Changes in the fair values of the assets and liabilities prior to the adoption of the new accounting guidance were as follows: (in millions) Three Months Ended June 30, 2014 Nine Months Ended June 30, 2014 Net gains from changes in fair value of assets $ 7.1 $ 31.5 Net losses from changes in fair value of liabilities (7.6 ) (24.1 ) Total Net Gains (Losses) $ (0.5 ) $ 7.4 During the three and nine months ended June 30, 2015 , the Company recognized $2.4 million and $7.5 million of net gains related to its own economic interests in the CLOs. There was no net gain or loss resulting from changes in the values of the assets and liabilities of the CLOs due to the new accounting guidance. The following tables present information on the investments and debt of the CLOs: (in millions) Investments as of June 30, 2015 Unpaid principal balance $ 718.4 Difference between unpaid principal balance and fair value (9.0 ) Fair Value $ 709.4 (in millions) Investments Debt as of September 30, 2014 Unpaid principal balance $ 787.1 $ 861.9 Difference between unpaid principal balance and fair value 1.3 (33.4 ) Fair Value $ 788.4 $ 828.5 The unpaid principal balance of the debt of the CLOs was $795.7 million at June 30, 2015 . There were no investments 90 days or more past due at June 30, 2015 or September 30, 2014 . Investments Investments of consolidated SIPs and consolidated VIEs consisted of the following: June 30, 2015 September 30, 2014 Consolidated Consolidated (in millions) SIPs VIEs Total SIPs VIEs Total Investment securities, trading $ 202.2 $ — $ 202.2 $ 249.6 $ — $ 249.6 Other debt securities 151.0 709.4 860.4 205.6 788.4 994.0 Other equity securities 673.4 — 673.4 918.5 — 918.5 Total Investments $ 1,026.6 $ 709.4 $ 1,736.0 $ 1,373.7 $ 788.4 $ 2,162.1 Investment securities, trading held by consolidated SIPs consist of debt and equity securities that are traded in active markets. Other debt and equity securities held by consolidated SIPs primarily consist of direct investments in secured and unsecured debt securities and equity securities of entities in emerging markets, which are generally not traded in active markets. Other equity securities also include investments in funds that are not traded in active markets. Investments of consolidated VIEs consist of corporate debt securities. Debt Debt of consolidated SIPs and consolidated VIEs consisted of the following: June 30, Effective Interest Rate September 30, Effective Interest Rate (in millions) Debt of consolidated SIPs due fiscal years 2015-2019 $ 90.8 4.44 % $ 122.3 3.87 % Debt of consolidated VIEs due fiscal years 2018-2024 764.8 1.56 % 828.5 1.43 % Total Debt $ 855.6 $ 950.8 The debt of consolidated SIPs had both fixed and floating interest rates ranging from 2.30% to 5.75% at June 30, 2015 , and from 2.19% to 5.89% at September 30, 2014 . The repayment of amounts outstanding under the debt agreements is secured by the assets of the consolidated SIPs or a pledge of the right to call capital. The debt of consolidated VIEs had floating interest rates ranging from 0.51% to 9.77% at June 30, 2015 , and from 0.46% to 9.73% at September 30, 2014 . At June 30, 2015 , contractual maturities for debt of consolidated SIPs and consolidated VIEs were as follows: (in millions) Carrying Amount for the fiscal years ending September 30, 2015 $ 30.0 2016 — 2017 18.7 2018 195.3 2019 327.5 Thereafter 284.1 Total $ 855.6 Fair Value Measurements The tables below present the balances of assets and liabilities of consolidated SIPs and consolidated VIEs measured at fair value on a recurring basis. See Note 6 – Fair Value Measurements for information related to the three levels of fair value hierarchy. (in millions) Level 1 Level 2 Level 3 Total as of June 30, 2015 Assets Cash and cash equivalents of consolidated VIEs $ 82.6 $ — $ — $ 82.6 Receivables of consolidated VIEs — 3.6 — 3.6 Investments of consolidated VIEs — 709.0 0.4 709.4 Investments of consolidated SIPs Equity securities 91.4 29.3 643.1 763.8 Debt securities 0.6 110.6 151.6 262.8 Total Assets Measured at Fair Value $ 174.6 $ 852.5 $ 795.1 $ 1,822.2 Liabilities Other liabilities of consolidated SIPs $ 4.0 $ 0.8 $ — $ 4.8 (in millions) Level 1 Level 2 Level 3 Total as of September 30, 2014 Assets Cash and cash equivalents of consolidated VIEs $ 74.3 $ — $ — $ 74.3 Receivables of consolidated VIEs — 23.0 — 23.0 Investments of consolidated VIEs — 787.9 0.5 788.4 Investments of consolidated SIPs Equity securities 149.9 304.0 614.3 1,068.2 Debt securities 2.4 96.8 206.3 305.5 Total Assets Measured at Fair Value $ 226.6 $ 1,211.7 $ 821.1 $ 2,259.4 Liabilities Accounts payable and accrued expenses of consolidated VIEs $ — $ 35.3 $ — $ 35.3 Debt of consolidated VIEs — 781.3 47.2 828.5 Other liabilities of consolidated SIPs 4.0 0.6 — 4.6 Total Liabilities Measured at Fair Value $ 4.0 $ 817.2 $ 47.2 $ 868.4 The investments in fund products for which fair value was estimated using reported net asset value (“NAV”) as a practical expedient consisted of the following: (in millions) Redemption Frequency Fair Value Level June 30, September 30, Global fixed-income fund Monthly 2 $ — $ 275.1 Hedge funds Monthly or quarterly 2 27.3 27.2 Real estate and private equity funds Nonredeemable 3 443.3 392.3 Hedge funds Triennially 3 1.2 1.2 Total $ 471.8 $ 695.8 The investments in real estate and private equity funds are expected to be returned through distributions as a result of liquidations of the funds’ underlying assets over a weighted-average period of 3.9 years at both June 30, 2015 and September 30, 2014 . The consolidated SIPs’ unfunded commitments to these funds totaled $98.5 million and $139.2 million at June 30, 2015 and September 30, 2014 , of which the Company was contractually obligated to fund $2.3 million and $3.1 million based on its ownership percentage in the SIPs. There were no transfers between Level 1 and Level 2 during the three and nine months ended June 30, 2015 . Transfers into Level 2 from Level 1 were nil and $0.1 million during the three and nine months ended June 30, 2014 , and transfers into Level 1 from Level 2 were $0.1 million and $0.2 million during the same periods. The changes in Level 3 assets and liabilities measured at fair value on a recurring basis were as follows: (in millions) Investments of Consolidated SIPs Investments of Total Level 3 Assets for the three months ended June 30, 2015 Equity Debt Balance at April 1, 2015 $ 636.5 $ 150.7 $ 0.4 $ 787.6 Realized and unrealized gains (losses) included in investment and other income (losses), net 9.9 (0.4 ) — 9.5 Purchases 21.9 2.6 — 24.5 Sales (26.8 ) (2.9 ) — (29.7 ) Effect of exchange rate changes 1.6 1.6 — 3.2 Balance at June 30, 2015 $ 643.1 $ 151.6 $ 0.4 $ 795.1 Change in unrealized gains (losses) included in net income relating to assets and liabilities held at June 30, 2015 $ 9.9 $ (0.2 ) $ — $ 9.7 (in millions) Investments of Consolidated SIPs Investments of Total Level 3 Assets Debt of Consolidated VIEs for the nine months ended June 30, 2015 Equity Debt Balance at October 1, 2014 $ 614.3 $ 206.3 $ 0.5 $ 821.1 $ (47.2 ) Adjustment for adoption of new accounting guidance — — — — 47.2 Realized and unrealized gains (losses) included in investment and other income (losses), net 38.0 (3.0 ) (0.1 ) 34.9 — Purchases 109.3 21.0 — 130.3 — Sales (112.9 ) (67.2 ) — (180.1 ) — Settlements — (0.6 ) — (0.6 ) — Effect of exchange rate changes (5.6 ) (4.9 ) — (10.5 ) — Balance at June 30, 2015 $ 643.1 $ 151.6 $ 0.4 $ 795.1 $ — Change in unrealized gains (losses) included in net income relating to assets and liabilities held at June 30, 2015 $ 26.9 $ (3.0 ) $ (0.1 ) $ 23.8 $ — (in millions) Investments of Consolidated SIPs Investments of Total Level 3 Assets Debt of Consolidated VIEs for the three months ended June 30, 2014 Equity Debt Balance at April 1, 2014 $ 552.1 $ 268.5 $ 0.5 $ 821.1 $ (51.1 ) Realized and unrealized gains (losses) included in investment and other income (losses), net 51.6 (1.3 ) — 50.3 3.1 Purchases 36.7 10.8 — 47.5 — Sales (10.6 ) (58.3 ) — (68.9 ) — Transfers into Level 3 — 0.6 — 0.6 — Transfers out of Level 3 (0.6 ) — — (0.6 ) — Effect of exchange rate changes (0.3 ) (0.4 ) — (0.7 ) — Balance at June 30, 2014 $ 628.9 $ 219.9 $ 0.5 $ 849.3 $ (48.0 ) Change in unrealized gains (losses) included in net income relating to assets and liabilities held at June 30, 2014 $ 51.8 $ (1.5 ) $ — $ 50.3 $ 3.1 (in millions) Investments of Consolidated SIPs Investments of Total Level 3 Assets Debt of Consolidated VIEs for the nine months ended June 30, 2014 Equity Debt Balance at October 1, 2013 $ 470.9 $ 272.3 $ 0.5 $ 743.7 $ (59.7 ) Realized and unrealized gains (losses) included in investment and other income (losses), net 32.1 (22.7 ) — 9.4 11.7 Purchases 163.2 49.5 — 212.7 — Sales (37.3 ) (80.9 ) — (118.2 ) — Transfers into Level 3 — 0.6 — 0.6 — Transfers out of Level 3 (0.6 ) — — (0.6 ) — Effect of exchange rate changes 0.6 1.1 — 1.7 — Balance at June 30, 2014 $ 628.9 $ 219.9 $ 0.5 $ 849.3 $ (48.0 ) Change in unrealized gains (losses) included in net income relating to assets and liabilities held at June 30, 2014 $ 32.3 $ (23.8 ) $ — $ 8.5 $ 11.7 There were no transfers into or out of Level 3 during the nine months ended June 30, 2015 . The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements were as follows: (in millions) as of June 30, 2015 Fair Value Valuation Technique Significant Unobservable Inputs Range (Weighted Average) Debt securities $ 151.6 Discounted cash flow Discount rate 3.5%–17.0% (9.2%) Risk premium 0.0%–8.0% (2.7%) Equity securities 163.5 Market comparable companies EBITDA multiple 4.2–10.8 (8.7) Discount for lack of marketability 25.0%–50.0% (34.2%) 14.7 Discounted cash flow Discount rate 6.3%–19.0% (12.8%) 20.4 Market pricing Price to book value ratio 1.8–2.8 (2.3) (in millions) as of September 30, 2014 Fair Value Valuation Technique Significant Unobservable Inputs Range (Weighted Average) Debt securities $ 206.3 Discounted cash flow Discount rate 3.6%–18.0% (11.9%) Risk premium 0.0%–8.0% (1.9%) Equity securities 152.9 Market comparable companies EBITDA multiple 3.1–11.0 (8.0) Discount for lack of marketability 25.0%–50.0% (33.2%) 38.1 Discounted cash flow Discount rate 6.0%–20.0% (16.9%) 29.8 Market pricing Price to book value ratio 1.8–2.8 (2.1) Level 3 debt securities held by consolidated SIPs consisted of corporate loans and notes, mezzanine loans and convertible debentures, and equity securities consisted primarily of common and preferred shares at June 30, 2015 and September 30, 2014 . The fair values of Level 3 assets and liabilities that were determined based on NAV or third-party pricing information are excluded from the above two tables. At June 30, 2015 and September 30, 2014 , the asset exclusions consisted of $444.5 million and $393.5 million of investments in various funds held by consolidated SIPs for which fair value was estimated using NAV as a practical expedient. At September 30, 2014 , $47.2 million of debt of consolidated VIEs that was valued using third-party broker or dealer price quotes was also excluded. Following are descriptions of the sensitivity of the Level 3 recurring fair value measurements to changes in the significant unobservable inputs presented in the above tables. For securities utilizing the discounted cash flow valuation technique, a significant increase (decrease) in the discount rate, risk premium or discount for lack of marketability in isolation would result in a significantly lower (higher) fair value measurement. The discount for lack of marketability used to determine fair value may include other factors such as liquidity or credit risk. Generally, a change in the discount rate is accompanied by a directionally similar change in the risk premium and discount for lack of marketability. For securities utilizing the market comparable companies valuation technique, a significant increase (decrease) in the EBITDA multiple in isolation would result in a significantly higher (lower) fair value measurement. A significant increase (decrease) in the discount for lack of marketability in isolation would result in a significantly lower (higher) fair value measurement. The discount for lack of marketability used to determine fair value may include other factors such as liquidity or credit risk. For securities utilizing a market pricing valuation technique, a significant increase (decrease) in the price to book value ratio would result in a significantly higher (lower) fair value measurement. Financial instruments of consolidated SIPs and consolidated VIEs that were not measured at fair value were as follows: (in millions) June 30, 2015 September 30, 2014 Fair Value Level Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Financial Assets Cash and cash equivalents of consolidated SIPs 1 $ 81.2 $ 81.2 $ 44.9 $ 44.9 Financial Liabilities Debt of consolidated VIEs 1 2 or 3 764.8 749.6 — — Debt of consolidated SIPs 3 90.8 89.2 122.3 122.0 _________________ 1 Substantially all is Level 2. Redeemable Noncontrolling Interests Changes in redeemable noncontrolling interests of consolidated SIPs were as follows: (in millions) for the nine months ended June 30, 2015 2014 Balance at beginning of period $ 234.8 $ 121.8 Net income (loss) (3.3 ) 14.2 Net subscriptions and other 43.7 363.7 Net deconsolidations (203.5 ) (316.0 ) Balance at End of Period $ 71.7 $ 183.7 Non-consolidated VIEs VIEs for which the Company is not the primary beneficiary consist of sponsored and other investment products from which the Company earns investment management fees and/or in which it has an equity ownership interest. The carrying values of the investment management fees receivable from and the equity ownership interests in these VIEs included in the Company’s condensed consolidated balance sheets are set forth below. These amounts represent the Company’s maximum exposure to loss from these investment products. (in millions) June 30, September 30, Receivables $ 41.5 $ 49.8 Investments 218.3 202.0 Total $ 259.8 $ 251.8 The Company’s total AUM of non-consolidated VIEs was $41.5 billion at June 30, 2015 and $42.4 billion at September 30, 2014 . While the Company has no contractual obligation to do so, it routinely makes cash investments in the course of launching SIPs. The Company also may voluntarily elect to provide its SIPs with additional direct or indirect financial support based on its business objectives. The Company did not provide financial or other support to its SIPs during fiscal year 2014 or the nine months ended June 30, 2015 .

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Proceedings The Company is from time to time involved in litigation relating to claims arising in the normal course of business. Management is of the opinion that the ultimate resolution of such claims will not materially affect the Company’s business, financial position, results of operations or liquidity. In management’s opinion, an adequate accrual has been made as of June 30, 2015 to provide for any probable losses that may arise from such matters for which the Company could reasonably estimate an amount. Other Commitments and Contingencies Future minimum lease payments under long-term non-cancelable operating leases were as follows as of June 30, 2015 : (in millions) for the fiscal years ending September 30, Amount 2015 $ 12.1 2016 45.1 2017 39.0 2018 35.9 2019 31.1 Thereafter 212.3 Total Minimum Lease Payments $ 375.5 At June 30, 2015 , there were no other changes that would have a material effect on the other commitments and contingencies reported in the Company’s Form 10-K for fiscal year 2014 .

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Jun. 30, 2015
Share-based Compensation [Abstract]
Stock-Based Compensation	Stock-Based Compensation Stock awards generally entitle holders to the right to sell the underlying shares of the Company’s common stock once the awards vest. Stock unit awards generally entitle holders to receive the underlying shares of common stock once the awards vest. Certain performance-based long-term stock and stock unit awards have been granted that generally vest based on the achievement of predetermined Company financial performance goals. In the event a performance measure is not achieved at or above a specified threshold level, the portion of the award tied to such performance measure is forfeited. Stock and stock unit award activity was as follows: (shares in thousands) Shares Weighted-Average Grant-Date Fair Value Nonvested balance at October 1, 2014 3,473 $ 48.55 Granted 2,655 55.67 Vested (616 ) 42.38 Forfeited/canceled (235 ) 47.35 Nonvested Balance at June 30, 2015 5,277 $ 52.91 Total unrecognized compensation cost related to nonvested stock and stock unit awards, net of estimated forfeitures, was $164.9 million at June 30, 2015 . This cost is expected to be recognized over a remaining weighted-average vesting period of 1.7 years .

Other Income (Expenses)

Other Income (Expenses)	9 Months Ended
	Jun. 30, 2015
Other Income and Expenses [Abstract]
Other Income (Expenses)	Other Income (Expenses) Other income (expenses) consisted of the following: Three Months Ended Nine Months Ended (in millions) 2015 2014 2015 2014 Investment and Other Income (Losses), Net Dividend income $ 2.3 $ 2.5 $ 6.4 $ 7.8 Interest income 2.6 2.1 8.0 6.8 Gains (losses) on trading investment securities, net (6.6 ) 2.6 (3.6 ) 9.7 Realized gains on sale of investment securities, available-for-sale 12.7 7.8 20.8 38.4 Realized losses on sale of investment securities, available-for-sale (0.5 ) — (2.0 ) (0.8 ) Income from investments in equity method investees 1.4 33.6 9.3 68.2 Other-than-temporary impairment of investments (3.5 ) — (5.5 ) (0.6 ) Gains on investments of consolidated SIPs, net 11.9 59.4 35.5 38.7 Gains (losses) from consolidated VIEs, net 2.4 (0.5 ) 7.5 7.4 Foreign currency exchange gains (losses), net (30.4 ) 0.3 60.0 (12.3 ) Other, net 3.0 (0.2 ) 13.5 9.5 Total (4.7 ) 107.6 149.9 172.8 Interest Expense (13.7 ) (10.9 ) (26.7 ) (34.9 ) Other Income (Expenses), Net $ (18.4 ) $ 96.7 $ 123.2 $ 137.9 Substantially all of the Company’s dividend income and realized gains and losses on sale of available-for-sale securities were generated by investments in its non-consolidated SIPs. Interest income was primarily generated by trading investment securities and cash equivalents. Proceeds from the sale of available-for-sale securities were $74.1 million and $147.7 million for the three and nine months ended June 30, 2015 , and $95.6 million and $284.2 million for the three and nine months ended June 30, 2014 . Net gains (losses) recognized on the Company’s trading investment securities that were held at June 30, 2015 and 2014 were $(6.6) million and $(3.6) million during the three and nine months ended June 30, 2015 , and $2.0 million and $7.2 million during the three and nine months ended June 30, 2014 . Net gains (losses) recognized on trading investment securities of consolidated SIPs that were held at June 30, 2015 and 2014 were $(3.5) million and $(3.3) million during the three and nine months ended June 30, 2015 , and $4.2 million and $10.3 million during the three and nine months ended June 30, 2014 .

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (loss) by component were as follows: (in millions) Unrealized Gains (Losses) on Investments Currency Translation Adjustments Unrealized Losses on Defined Benefit Plans Total for the three months ended June 30, 2015 Balance at April 1, 2015 $ 39.7 $ (324.6 ) $ (4.1 ) $ (289.0 ) Other comprehensive income (loss) before reclassifications, net of tax (3.2 ) 42.2 (0.1 ) 38.9 Reclassifications to net investment and other income (losses), net of tax (5.5 ) — — (5.5 ) Total other comprehensive income (loss) (8.7 ) 42.2 (0.1 ) 33.4 Balance at June 30, 2015 $ 31.0 $ (282.4 ) $ (4.2 ) $ (255.6 ) (in millions) Unrealized Gains (Losses) on Investments Currency Translation Adjustments Unrealized Gains (Losses) on Defined Benefit Plans Total for the nine months ended June 30, 2015 Balance at October 1, 2014 $ 31.0 $ (143.6 ) $ (5.1 ) $ (117.7 ) Other comprehensive income (loss) before reclassifications, net of tax 9.4 (138.8 ) 0.9 (128.5 ) Reclassifications to net investment and other income (losses), net of tax (9.4 ) — — (9.4 ) Total other comprehensive income (loss) — (138.8 ) 0.9 (137.9 ) Balance at June 30, 2015 $ 31.0 $ (282.4 ) $ (4.2 ) $ (255.6 ) (in millions) Unrealized Gains (Losses) on Investments Currency Translation Adjustments Unrealized Gains (Losses) on Defined Benefit Plans Total for the three months ended June 30, 2014 Balance at April 1, 2014 $ 63.4 $ (55.2 ) $ (3.8 ) $ 4.4 Other comprehensive income before reclassifications, net of tax 17.9 17.2 0.1 35.2 Reclassifications to net investment and other income (losses), net of tax (15.4 ) — — (15.4 ) Total other comprehensive income 2.5 17.2 0.1 19.8 Balance at June 30, 2014 $ 65.9 $ (38.0 ) $ (3.7 ) $ 24.2 (in millions) Unrealized Gains (Losses) on Investments Currency Translation Adjustments Unrealized Losses on Defined Benefit Plans Total for the nine months ended June 30, 2014 Balance at October 1, 2013 $ 71.9 $ (63.2 ) $ (2.6 ) $ 6.1 Other comprehensive income (loss) before reclassifications, net of tax 22.9 25.2 (1.1 ) 47.0 Reclassifications to net investment and other income (losses), net of tax (28.9 ) — — (28.9 ) Total other comprehensive income (loss) (6.0 ) 25.2 (1.1 ) 18.1 Balance at June 30, 2014 $ 65.9 $ (38.0 ) $ (3.7 ) $ 24.2

Fair Value Measurements (Polici

Fair Value Measurements (Policies)	9 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	The Company uses a three-level fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value based on whether the inputs to those valuation techniques are observable or unobservable. The three levels of fair value hierarchy are set forth below. The Company’s assessment of the hierarchy level of the assets and liabilities measured at fair value is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 Observable inputs other than Level 1 quoted prices, such as non-binding quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; or inputs other than quoted prices that are observable or corroborated by observable market data. Level 2 quoted prices are generally obtained from two independent third-party brokers or dealers, including prices derived from model-based valuation techniques for which the significant assumptions are observable in the market or corroborated by observable market data. Quoted prices are validated through price variance analysis, subsequent sales testing, stale price review, price comparison across pricing vendors and due diligence reviews of third-party vendors. Level 3 Unobservable inputs that are supported by little or no market activity. These inputs require significant management judgment and reflect the Company’s estimation of assumptions that market participants would use in pricing the asset or liability. The fair values of substantially all trading investments, all available-for-sale SIPs and certain other equity securities are determined based on their published net asset values. The fair values of certain trading investments, all available-for-sale debt securities and certain other equity securities are determined using quoted market prices, if available, or independent third-party broker or dealer price quotes, which are evaluated for reasonableness. The fair values of certain other trading investments and life settlement contracts are determined using discounted cash flow valuation techniques. The fair value of contingent consideration liabilities is determined using an income-based method which considers the net present value of anticipated future cash flows.

CVIEs and CSIPs (Policies)

CVIEs and CSIPs (Policies)	9 Months Ended
	Jun. 30, 2015
Variable Interest Entities and Consolidated Sponsored Investment Products [Abstract]
Consolidation	The Company sponsors and manages various types of investment products, which consist of both VIEs and non-VIEs. The Company consolidates the VIE products for which it is the primary beneficiary and the non-VIE products which it controls. The Company has no right to the consolidated products’ assets, other than its direct equity investment in them, and/or investment management fees earned from them. The debt holders of these consolidated entities have no recourse to the Company’s assets beyond the level of its direct investment, therefore the Company bears no other risks associated with the entities’ liabilities.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Jun. 30, 2015
Stockholders' Equity Note [Abstract]
Changes in total stockholders' equity and redeemable noncontrolling interests	The changes in total stockholders’ equity were as follows: (in millions) Franklin Resources, Inc. Stockholders’ Equity Nonredeemable Noncontrolling Interests Total Stockholders’ Equity for the nine months ended June 30, 2015 Balance at October 1, 2014 $ 11,584.1 $ 628.3 $ 12,212.4 Adjustment for adoption of new accounting guidance (14.2 ) (14.2 ) Net income 1,677.1 49.4 1,726.5 Other comprehensive loss (137.9 ) (137.9 ) Cash dividends on common stock (591.3 ) (591.3 ) Repurchase of common stock (559.5 ) (559.5 ) Net distributions (49.3 ) (49.3 ) Other 1 127.2 127.2 Balance at June 30, 2015 $ 12,085.5 $ 628.4 $ 12,713.9 __________________ 1 Primarily relates to stock-based compensation plans. (in millions) Franklin Resources, Inc. Stockholders’ Equity Nonredeemable Noncontrolling Interests Total Stockholders’ Equity for the nine months ended June 30, 2014 Balance at October 1, 2013 $ 10,073.1 $ 612.4 $ 10,685.5 Net income 1,743.7 23.0 1,766.7 Net income reclassified to appropriated retained earnings 4.4 (4.4 ) — Other comprehensive income 18.1 18.1 Cash dividends on common stock (226.7 ) (226.7 ) Repurchase of common stock (444.4 ) (444.4 ) Net distributions (5.4 ) (5.4 ) Other 1 127.1 127.1 Balance at June 30, 2014 $ 11,295.3 $ 625.6 $ 11,920.9 __________________ 1 Primarily relates to stock-based compensation plans.

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of earnings per share basic and diluted	The components of basic and diluted earnings per share were as follows: (in millions, except per share data) Three Months Ended Nine Months Ended 2015 2014 2015 2014 Net Income Attributable to Franklin Resources, Inc. $ 504.2 $ 578.9 $ 1,677.1 $ 1,743.7 Less: Allocation of earnings to participating nonvested stock and stock unit awards 3.4 3.9 10.5 11.2 Net Income Available to Common Stockholders $ 500.8 $ 575.0 $ 1,666.6 $ 1,732.5 Weighted-average shares outstanding – basic 614.1 623.2 617.3 625.8 Dilutive effect of nonparticipating nonvested stock unit awards and common stock options 0.1 0.4 0.1 0.5 Weighted-Average Shares Outstanding – Diluted 614.2 623.6 617.4 626.3 Earnings per Share Basic $ 0.82 $ 0.92 $ 2.70 $ 2.77 Diluted 0.82 0.92 2.70 2.77

Investments (Tables)

Investments (Tables)	9 Months Ended
	Jun. 30, 2015
Investments [Abstract]
Summary of Investments	Investments consisted of the following: (in millions) June 30, September 30, Investment securities, trading $ 1,270.1 $ 1,277.5 Investment securities, available-for-sale SIPs 453.0 517.6 Securities of U.S. states and political subdivisions 6.6 11.3 Securities of the U.S. Treasury and federal agencies 0.7 0.7 Mortgage-backed securities – agency residential 1 22.9 17.9 Other equity securities 4.2 6.6 Total investment securities, available-for-sale 487.4 554.1 Investments in equity method investees 686.5 594.9 Other investments 105.1 89.6 Total $ 2,549.1 $ 2,516.1 __________________ 1 Consist of U.S. government-sponsored enterprise obligations.
Summary of the gross unrealized gains and losses relating to investment securities, available-for-sale	A summary of the gross unrealized gains and losses relating to investment securities, available-for-sale is as follows: (in millions) Gross Unrealized as of June 30, 2015 Cost Basis Gains Losses Fair Value SIPs $ 413.8 $ 42.6 $ (3.4 ) $ 453.0 Securities of U.S. states and political subdivisions 6.6 — — 6.6 Securities of the U.S. Treasury and federal agencies 0.7 — — 0.7 Mortgage-backed securities – agency residential 22.8 0.1 — 22.9 Other equity securities 4.1 0.1 — 4.2 Total $ 448.0 $ 42.8 $ (3.4 ) $ 487.4 (in millions) Gross Unrealized as of September 30, 2014 Cost Basis Gains Losses Fair Value SIPs $ 477.0 $ 43.5 $ (2.9 ) $ 517.6 Securities of U.S. states and political subdivisions 11.0 0.3 — 11.3 Securities of the U.S. Treasury and federal agencies 0.7 — — 0.7 Mortgage-backed securities – agency residential 18.0 — (0.1 ) 17.9 Other equity securities 6.3 0.3 — 6.6 Total $ 513.0 $ 44.1 $ (3.0 ) $ 554.1
Summary of gross unrealized losses and fair values of investment securities in a continuous unrealized loss position	The following tables show the gross unrealized losses and fair values of available-for-sale securities with unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position: Less Than 12 Months 12 Months or Greater Total (in millions) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses as of June 30, 2015 SIPs $ 71.3 $ (3.3 ) $ 0.6 $ (0.1 ) $ 71.9 $ (3.4 ) Less Than 12 Months 12 Months or Greater Total (in millions) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses as of September 30, 2014 SIPs $ 156.4 $ (2.7 ) $ 1.5 $ (0.2 ) $ 157.9 $ (2.9 ) Mortgage-backed securities – agency residential 4.0 — 11.6 (0.1 ) 15.6 (0.1 ) Total $ 160.4 $ (2.7 ) $ 13.1 $ (0.3 ) $ 173.5 $ (3.0 )
Schedule of contractual maturities of available-for-sale debt securities	At June 30, 2015 , contractual maturities of available-for-sale debt securities were as follows: (in millions) Cost Basis Fair Value Due in one year or less $ 0.6 $ 0.6 Due after one year through five years 6.7 6.7 Total $ 7.3 $ 7.3

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities measured at fair value on a recurring basis	Assets and liabilities measured at fair value on a recurring basis were as follows: (in millions) Level 1 Level 2 Level 3 Total as of June 30, 2015 Assets Investment securities, trading $ 1,180.3 $ 85.8 $ 4.0 $ 1,270.1 Investment securities, available-for-sale SIPs 453.0 — — 453.0 Securities of U.S. states and political subdivisions — 6.6 — 6.6 Securities of the U.S. Treasury and federal agencies — 0.7 — 0.7 Mortgage-backed securities – agency residential — 22.9 — 22.9 Other equity securities 1.3 2.9 — 4.2 Life settlement contracts — — 14.7 14.7 Total Assets Measured at Fair Value $ 1,634.6 $ 118.9 $ 18.7 $ 1,772.2 Liabilities Contingent consideration liabilities $ — $ — $ 98.4 $ 98.4 (in millions) Level 1 Level 2 Level 3 Total as of September 30, 2014 Assets Investment securities, trading $ 1,196.1 $ 81.4 $ — $ 1,277.5 Investment securities, available-for-sale SIPs 517.6 — — 517.6 Securities of U.S. states and political subdivisions — 11.3 — 11.3 Securities of the U.S. Treasury and federal agencies — 0.7 — 0.7 Mortgage-backed securities – agency residential — 17.9 — 17.9 Other equity securities 1.7 4.9 — 6.6 Life settlement contracts — — 14.0 14.0 Total Assets Measured at Fair Value $ 1,715.4 $ 116.2 $ 14.0 $ 1,845.6 Liabilities Contingent consideration liabilities $ — $ — $ 98.5 $ 98.5
Schedule of changes in Level 3 assets and liabilities measured at fair value on a recurring basis	The changes in Level 3 assets and liabilities measured at fair value on a recurring basis were as follows: 2015 2014 (in millions) Investments Contingent Consideration Liabilities Investments Contingent for the three months ended June 30, Balance at beginning of period $ 18.6 $ (98.7 ) $ 13.6 $ (104.2 ) Total realized and unrealized gains (losses) Included in investment and other income (losses), net 0.3 — 0.7 — Included in general, administrative and other expense — (0.2 ) — 3.3 Other — — — 0.1 Settlements (0.2 ) 0.5 (0.5 ) 2.0 Balance at End of Period $ 18.7 $ (98.4 ) $ 13.8 $ (98.8 ) Change in unrealized gains (losses) included in net income relating to assets and liabilities held at end of period $ 0.2 $ (0.2 ) $ 0.3 $ 3.4 2015 2014 (in millions) Investments Contingent Investments Contingent for the nine months ended June 30, Balance at beginning of period $ 14.0 $ (98.5 ) $ 13.8 $ (97.7 ) Total realized and unrealized gains (losses) Included in investment and other income (losses), net 1.4 — 2.4 — Included in general, administrative and other expense — (7.7 ) — (5.6 ) Other — (0.1 ) — (0.3 ) Purchases 4.3 — 0.1 — Sales — — (0.7 ) — Settlements (1.0 ) 7.7 (1.8 ) 4.8 Effect of exchange rate changes — 0.2 — — Balance at End of Period $ 18.7 $ (98.4 ) $ 13.8 $ (98.8 ) Change in unrealized gains (losses) included in net income relating to assets and liabilities held at end of period $ 0.8 $ (7.8 ) $ 0.9 $ (5.9 )
Schedule of valuation techniques and significant unobservable inputs used in level 3 fair value measurements	The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements were as follows: (in millions) as of June 30, 2015 Fair Value Valuation Technique Significant Unobservable Inputs Range (Weighted Average) Investment securities, trading $ 4.0 Discounted cash flow Discount rate 5.2%–6.0% (5.4%) Risk premium 2.7%–2.8% (2.8%) Life settlement contracts 14.7 Discounted cash flow Life expectancy 20–143 months (68) Discount rate 3.3%–19.0% (11.7%) Contingent consideration liabilities 98.4 Discounted cash flow AUM growth rate (2.4)% – 13.9% (9.0%) EBITDA margin 24.6%–27.6% (25.3%) Discount rate 14.0% (in millions) as of September 30, 2014 Fair Value Valuation Technique Significant Unobservable Inputs Range (Weighted Average) Life settlement contracts $ 14.0 Discounted cash flow Life expectancy 23–150 months (71) Discount rate 3.3%–21.7% (11.7%) Contingent consideration liabilities 98.5 Discounted cash flow AUM growth rate 3.4%–20.2% (12.8%) EBITDA margin 21.9%–30.4% (28.2%) Discount rate 14.0%
Schedule of financial instruments not measured at fair value	Financial instruments that were not measured at fair value were as follows: (in millions) June 30, 2015 September 30, 2014 Fair Value Level Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Financial Assets Cash and cash equivalents 1 $ 8,262.6 $ 8,262.6 $ 7,476.8 $ 7,476.8 Other investments 1 2 or 3 90.4 100.7 75.6 87.8 Financial Liabilities Debt 2 1,347.9 1,368.7 1,198.2 1,235.8 _________________ 1 Primarily consist of Level 3 assets.

Debt (Tables)

Debt (Tables)	9 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Schedule of outstanding debt	Debt consisted of the following: (in millions) June 30, Effective Interest Rate September 30, Effective Interest Rate $250 million 3.125% notes due May 2015 $ — N/A $ 250.0 3.32 % $300 million 1.375% notes due September 2017 299.3 1.66 % 299.0 1.66 % $350 million 4.625% notes due May 2020 349.8 4.74 % 349.8 4.74 % $300 million 2.800% notes due September 2022 299.5 2.93 % 299.4 2.93 % $400 million 2.850% notes due March 2025 399.3 2.97 % — N/A Total Debt $ 1,347.9 $ 1,198.2
Schedule of contractual maturities of debt	At June 30, 2015 , maturities for debt were as follows: (in millions) Carrying Amount for the fiscal years ending September 30, 2015 $ — 2016 — 2017 299.3 2018 — 2019 — Thereafter 1,048.6 Total $ 1,347.9

CVIEs and CSIPs (Tables)

CVIEs and CSIPs (Tables)	9 Months Ended
	Jun. 30, 2015
Variable Interest Entities and Consolidated Sponsored Investment Products [Abstract]
Schedule of balances of CSIPs and CVIEs	The balances of consolidated SIPs and consolidated VIEs included in the Company’s condensed consolidated balance sheets were as follows: June 30, 2015 September 30, 2014 Consolidated Consolidated (in millions) SIPs VIEs Total SIPs VIEs Total Assets Cash and cash equivalents $ 81.2 $ 82.6 $ 163.8 $ 44.9 $ 74.3 $ 119.2 Receivables 12.2 3.6 15.8 16.2 23.0 39.2 Investments, at fair value 1,026.6 709.4 1,736.0 1,373.7 788.4 2,162.1 Other assets 0.6 — 0.6 0.7 — 0.7 Total Assets $ 1,120.6 $ 795.6 $ 1,916.2 $ 1,435.5 $ 885.7 $ 2,321.2 Liabilities Accounts payable and accrued expenses $ 24.3 $ 22.3 $ 46.6 $ 18.5 $ 35.3 $ 53.8 Debt (at fair value at September 30, 2014) — 764.8 764.8 — 828.5 828.5 Debt 90.8 — 90.8 122.3 — 122.3 Other liabilities 12.5 — 12.5 12.4 — 12.4 Total liabilities 127.6 787.1 914.7 153.2 863.8 1,017.0 Redeemable Noncontrolling Interests 71.7 — 71.7 234.8 — 234.8 Stockholders ’ Equity Franklin Resources, Inc.’s interests 313.9 8.5 322.4 436.5 21.9 458.4 Nonredeemable noncontrolling interests 607.4 — 607.4 611.0 — 611.0 Total stockholders’ equity 921.3 8.5 929.8 1,047.5 21.9 1,069.4 Total Liabilities, Redeemable Noncontrolling Interests and Stockholders ’ Equity $ 1,120.6 $ 795.6 $ 1,916.2 $ 1,435.5 $ 885.7 $ 2,321.2
Schedule of assets and liabilities of the CLOs carried at fair value	Changes in the fair values of the assets and liabilities prior to the adoption of the new accounting guidance were as follows: (in millions) Three Months Ended June 30, 2014 Nine Months Ended June 30, 2014 Net gains from changes in fair value of assets $ 7.1 $ 31.5 Net losses from changes in fair value of liabilities (7.6 ) (24.1 ) Total Net Gains (Losses) $ (0.5 ) $ 7.4
Schedule of unpaid principal balance and fair value of investments and debt of CLOs	The following tables present information on the investments and debt of the CLOs: (in millions) Investments as of June 30, 2015 Unpaid principal balance $ 718.4 Difference between unpaid principal balance and fair value (9.0 ) Fair Value $ 709.4 (in millions) Investments Debt as of September 30, 2014 Unpaid principal balance $ 787.1 $ 861.9 Difference between unpaid principal balance and fair value 1.3 (33.4 ) Fair Value $ 788.4 $ 828.5
Schedule of investments of CSIPs and CVIEs	Investments of consolidated SIPs and consolidated VIEs consisted of the following: June 30, 2015 September 30, 2014 Consolidated Consolidated (in millions) SIPs VIEs Total SIPs VIEs Total Investment securities, trading $ 202.2 $ — $ 202.2 $ 249.6 $ — $ 249.6 Other debt securities 151.0 709.4 860.4 205.6 788.4 994.0 Other equity securities 673.4 — 673.4 918.5 — 918.5 Total Investments $ 1,026.6 $ 709.4 $ 1,736.0 $ 1,373.7 $ 788.4 $ 2,162.1
Schedule of debt of CSIPs and CVIEs	Debt of consolidated SIPs and consolidated VIEs consisted of the following: June 30, Effective Interest Rate September 30, Effective Interest Rate (in millions) Debt of consolidated SIPs due fiscal years 2015-2019 $ 90.8 4.44 % $ 122.3 3.87 % Debt of consolidated VIEs due fiscal years 2018-2024 764.8 1.56 % 828.5 1.43 % Total Debt $ 855.6 $ 950.8
Schedule of contractual maturities for debt of CSIPs and CVIEs	At June 30, 2015 , contractual maturities for debt of consolidated SIPs and consolidated VIEs were as follows: (in millions) Carrying Amount for the fiscal years ending September 30, 2015 $ 30.0 2016 — 2017 18.7 2018 195.3 2019 327.5 Thereafter 284.1 Total $ 855.6
Schedule of balances of assets and liabilities of CSIPs and CVIEs measured at fair value on a recurring basis	The tables below present the balances of assets and liabilities of consolidated SIPs and consolidated VIEs measured at fair value on a recurring basis. See Note 6 – Fair Value Measurements for information related to the three levels of fair value hierarchy. (in millions) Level 1 Level 2 Level 3 Total as of June 30, 2015 Assets Cash and cash equivalents of consolidated VIEs $ 82.6 $ — $ — $ 82.6 Receivables of consolidated VIEs — 3.6 — 3.6 Investments of consolidated VIEs — 709.0 0.4 709.4 Investments of consolidated SIPs Equity securities 91.4 29.3 643.1 763.8 Debt securities 0.6 110.6 151.6 262.8 Total Assets Measured at Fair Value $ 174.6 $ 852.5 $ 795.1 $ 1,822.2 Liabilities Other liabilities of consolidated SIPs $ 4.0 $ 0.8 $ — $ 4.8 (in millions) Level 1 Level 2 Level 3 Total as of September 30, 2014 Assets Cash and cash equivalents of consolidated VIEs $ 74.3 $ — $ — $ 74.3 Receivables of consolidated VIEs — 23.0 — 23.0 Investments of consolidated VIEs — 787.9 0.5 788.4 Investments of consolidated SIPs Equity securities 149.9 304.0 614.3 1,068.2 Debt securities 2.4 96.8 206.3 305.5 Total Assets Measured at Fair Value $ 226.6 $ 1,211.7 $ 821.1 $ 2,259.4 Liabilities Accounts payable and accrued expenses of consolidated VIEs $ — $ 35.3 $ — $ 35.3 Debt of consolidated VIEs — 781.3 47.2 828.5 Other liabilities of consolidated SIPs 4.0 0.6 — 4.6 Total Liabilities Measured at Fair Value $ 4.0 $ 817.2 $ 47.2 $ 868.4
Schedule of investments in fund products for which fair value was estimated using NAV as a practical expedient	The investments in fund products for which fair value was estimated using reported net asset value (“NAV”) as a practical expedient consisted of the following: (in millions) Redemption Frequency Fair Value Level June 30, September 30, Global fixed-income fund Monthly 2 $ — $ 275.1 Hedge funds Monthly or quarterly 2 27.3 27.2 Real estate and private equity funds Nonredeemable 3 443.3 392.3 Hedge funds Triennially 3 1.2 1.2 Total $ 471.8 $ 695.8
Schedule of changes in Level 3 assets and liabilities of CSIPs and CVIEs on a recurring basis	The changes in Level 3 assets and liabilities measured at fair value on a recurring basis were as follows: (in millions) Investments of Consolidated SIPs Investments of Total Level 3 Assets for the three months ended June 30, 2015 Equity Debt Balance at April 1, 2015 $ 636.5 $ 150.7 $ 0.4 $ 787.6 Realized and unrealized gains (losses) included in investment and other income (losses), net 9.9 (0.4 ) — 9.5 Purchases 21.9 2.6 — 24.5 Sales (26.8 ) (2.9 ) — (29.7 ) Effect of exchange rate changes 1.6 1.6 — 3.2 Balance at June 30, 2015 $ 643.1 $ 151.6 $ 0.4 $ 795.1 Change in unrealized gains (losses) included in net income relating to assets and liabilities held at June 30, 2015 $ 9.9 $ (0.2 ) $ — $ 9.7 (in millions) Investments of Consolidated SIPs Investments of Total Level 3 Assets Debt of Consolidated VIEs for the nine months ended June 30, 2015 Equity Debt Balance at October 1, 2014 $ 614.3 $ 206.3 $ 0.5 $ 821.1 $ (47.2 ) Adjustment for adoption of new accounting guidance — — — — 47.2 Realized and unrealized gains (losses) included in investment and other income (losses), net 38.0 (3.0 ) (0.1 ) 34.9 — Purchases 109.3 21.0 — 130.3 — Sales (112.9 ) (67.2 ) — (180.1 ) — Settlements — (0.6 ) — (0.6 ) — Effect of exchange rate changes (5.6 ) (4.9 ) — (10.5 ) — Balance at June 30, 2015 $ 643.1 $ 151.6 $ 0.4 $ 795.1 $ — Change in unrealized gains (losses) included in net income relating to assets and liabilities held at June 30, 2015 $ 26.9 $ (3.0 ) $ (0.1 ) $ 23.8 $ — (in millions) Investments of Consolidated SIPs Investments of Total Level 3 Assets Debt of Consolidated VIEs for the three months ended June 30, 2014 Equity Debt Balance at April 1, 2014 $ 552.1 $ 268.5 $ 0.5 $ 821.1 $ (51.1 ) Realized and unrealized gains (losses) included in investment and other income (losses), net 51.6 (1.3 ) — 50.3 3.1 Purchases 36.7 10.8 — 47.5 — Sales (10.6 ) (58.3 ) — (68.9 ) — Transfers into Level 3 — 0.6 — 0.6 — Transfers out of Level 3 (0.6 ) — — (0.6 ) — Effect of exchange rate changes (0.3 ) (0.4 ) — (0.7 ) — Balance at June 30, 2014 $ 628.9 $ 219.9 $ 0.5 $ 849.3 $ (48.0 ) Change in unrealized gains (losses) included in net income relating to assets and liabilities held at June 30, 2014 $ 51.8 $ (1.5 ) $ — $ 50.3 $ 3.1 (in millions) Investments of Consolidated SIPs Investments of Total Level 3 Assets Debt of Consolidated VIEs for the nine months ended June 30, 2014 Equity Debt Balance at October 1, 2013 $ 470.9 $ 272.3 $ 0.5 $ 743.7 $ (59.7 ) Realized and unrealized gains (losses) included in investment and other income (losses), net 32.1 (22.7 ) — 9.4 11.7 Purchases 163.2 49.5 — 212.7 — Sales (37.3 ) (80.9 ) — (118.2 ) — Transfers into Level 3 — 0.6 — 0.6 — Transfers out of Level 3 (0.6 ) — — (0.6 ) — Effect of exchange rate changes 0.6 1.1 — 1.7 — Balance at June 30, 2014 $ 628.9 $ 219.9 $ 0.5 $ 849.3 $ (48.0 ) Change in unrealized gains (losses) included in net income relating to assets and liabilities held at June 30, 2014 $ 32.3 $ (23.8 ) $ — $ 8.5 $ 11.7
Schedule of valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements	The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements were as follows: (in millions) as of June 30, 2015 Fair Value Valuation Technique Significant Unobservable Inputs Range (Weighted Average) Debt securities $ 151.6 Discounted cash flow Discount rate 3.5%–17.0% (9.2%) Risk premium 0.0%–8.0% (2.7%) Equity securities 163.5 Market comparable companies EBITDA multiple 4.2–10.8 (8.7) Discount for lack of marketability 25.0%–50.0% (34.2%) 14.7 Discounted cash flow Discount rate 6.3%–19.0% (12.8%) 20.4 Market pricing Price to book value ratio 1.8–2.8 (2.3) (in millions) as of September 30, 2014 Fair Value Valuation Technique Significant Unobservable Inputs Range (Weighted Average) Debt securities $ 206.3 Discounted cash flow Discount rate 3.6%–18.0% (11.9%) Risk premium 0.0%–8.0% (1.9%) Equity securities 152.9 Market comparable companies EBITDA multiple 3.1–11.0 (8.0) Discount for lack of marketability 25.0%–50.0% (33.2%) 38.1 Discounted cash flow Discount rate 6.0%–20.0% (16.9%) 29.8 Market pricing Price to book value ratio 1.8–2.8 (2.1)
Schedule of financial instruments of CSIPs and CVIEs not measured at fair value	Financial instruments of consolidated SIPs and consolidated VIEs that were not measured at fair value were as follows: (in millions) June 30, 2015 September 30, 2014 Fair Value Level Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Financial Assets Cash and cash equivalents of consolidated SIPs 1 $ 81.2 $ 81.2 $ 44.9 $ 44.9 Financial Liabilities Debt of consolidated VIEs 1 2 or 3 764.8 749.6 — — Debt of consolidated SIPs 3 90.8 89.2 122.3 122.0 _________________ 1 Substantially all is Level 2.
Schedule of changes in redeemable noncontrolling interests of CSIPs	Changes in redeemable noncontrolling interests of consolidated SIPs were as follows: (in millions) for the nine months ended June 30, 2015 2014 Balance at beginning of period $ 234.8 $ 121.8 Net income (loss) (3.3 ) 14.2 Net subscriptions and other 43.7 363.7 Net deconsolidations (203.5 ) (316.0 ) Balance at End of Period $ 71.7 $ 183.7
Schedule of maximum exposure to non-consolidated VIEs	The carrying values of the investment management fees receivable from and the equity ownership interests in these VIEs included in the Company’s condensed consolidated balance sheets are set forth below. These amounts represent the Company’s maximum exposure to loss from these investment products. (in millions) June 30, September 30, Receivables $ 41.5 $ 49.8 Investments 218.3 202.0 Total $ 259.8 $ 251.8

Commitments and Contingencies C

Commitments and Contingencies Commitments and Contingencies (Tables)	9 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Future minimum lease payments under long-term non-cancelable operating leases	Future minimum lease payments under long-term non-cancelable operating leases were as follows as of June 30, 2015 : (in millions) for the fiscal years ending September 30, Amount 2015 $ 12.1 2016 45.1 2017 39.0 2018 35.9 2019 31.1 Thereafter 212.3 Total Minimum Lease Payments $ 375.5

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Jun. 30, 2015
Share-based Compensation [Abstract]
Summary of nonvested stock and stock unit award activity	Stock and stock unit award activity was as follows: (shares in thousands) Shares Weighted-Average Grant-Date Fair Value Nonvested balance at October 1, 2014 3,473 $ 48.55 Granted 2,655 55.67 Vested (616 ) 42.38 Forfeited/canceled (235 ) 47.35 Nonvested Balance at June 30, 2015 5,277 $ 52.91

Other Income (Expenses) (Tables

Other Income (Expenses) (Tables)	9 Months Ended
	Jun. 30, 2015
Other Income and Expenses [Abstract]
Schedule of other income (expenses)	Other income (expenses) consisted of the following: Three Months Ended Nine Months Ended (in millions) 2015 2014 2015 2014 Investment and Other Income (Losses), Net Dividend income $ 2.3 $ 2.5 $ 6.4 $ 7.8 Interest income 2.6 2.1 8.0 6.8 Gains (losses) on trading investment securities, net (6.6 ) 2.6 (3.6 ) 9.7 Realized gains on sale of investment securities, available-for-sale 12.7 7.8 20.8 38.4 Realized losses on sale of investment securities, available-for-sale (0.5 ) — (2.0 ) (0.8 ) Income from investments in equity method investees 1.4 33.6 9.3 68.2 Other-than-temporary impairment of investments (3.5 ) — (5.5 ) (0.6 ) Gains on investments of consolidated SIPs, net 11.9 59.4 35.5 38.7 Gains (losses) from consolidated VIEs, net 2.4 (0.5 ) 7.5 7.4 Foreign currency exchange gains (losses), net (30.4 ) 0.3 60.0 (12.3 ) Other, net 3.0 (0.2 ) 13.5 9.5 Total (4.7 ) 107.6 149.9 172.8 Interest Expense (13.7 ) (10.9 ) (26.7 ) (34.9 ) Other Income (Expenses), Net $ (18.4 ) $ 96.7 $ 123.2 $ 137.9

Accumulated Other Comprehensi30

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Changes in accumulated other comprehensive income (loss) by component were as follows: (in millions) Unrealized Gains (Losses) on Investments Currency Translation Adjustments Unrealized Losses on Defined Benefit Plans Total for the three months ended June 30, 2015 Balance at April 1, 2015 $ 39.7 $ (324.6 ) $ (4.1 ) $ (289.0 ) Other comprehensive income (loss) before reclassifications, net of tax (3.2 ) 42.2 (0.1 ) 38.9 Reclassifications to net investment and other income (losses), net of tax (5.5 ) — — (5.5 ) Total other comprehensive income (loss) (8.7 ) 42.2 (0.1 ) 33.4 Balance at June 30, 2015 $ 31.0 $ (282.4 ) $ (4.2 ) $ (255.6 ) (in millions) Unrealized Gains (Losses) on Investments Currency Translation Adjustments Unrealized Gains (Losses) on Defined Benefit Plans Total for the nine months ended June 30, 2015 Balance at October 1, 2014 $ 31.0 $ (143.6 ) $ (5.1 ) $ (117.7 ) Other comprehensive income (loss) before reclassifications, net of tax 9.4 (138.8 ) 0.9 (128.5 ) Reclassifications to net investment and other income (losses), net of tax (9.4 ) — — (9.4 ) Total other comprehensive income (loss) — (138.8 ) 0.9 (137.9 ) Balance at June 30, 2015 $ 31.0 $ (282.4 ) $ (4.2 ) $ (255.6 ) (in millions) Unrealized Gains (Losses) on Investments Currency Translation Adjustments Unrealized Gains (Losses) on Defined Benefit Plans Total for the three months ended June 30, 2014 Balance at April 1, 2014 $ 63.4 $ (55.2 ) $ (3.8 ) $ 4.4 Other comprehensive income before reclassifications, net of tax 17.9 17.2 0.1 35.2 Reclassifications to net investment and other income (losses), net of tax (15.4 ) — — (15.4 ) Total other comprehensive income 2.5 17.2 0.1 19.8 Balance at June 30, 2014 $ 65.9 $ (38.0 ) $ (3.7 ) $ 24.2 (in millions) Unrealized Gains (Losses) on Investments Currency Translation Adjustments Unrealized Losses on Defined Benefit Plans Total for the nine months ended June 30, 2014 Balance at October 1, 2013 $ 71.9 $ (63.2 ) $ (2.6 ) $ 6.1 Other comprehensive income (loss) before reclassifications, net of tax 22.9 25.2 (1.1 ) 47.0 Reclassifications to net investment and other income (losses), net of tax (28.9 ) — — (28.9 ) Total other comprehensive income (loss) (6.0 ) 25.2 (1.1 ) 18.1 Balance at June 30, 2014 $ 65.9 $ (38.0 ) $ (3.7 ) $ 24.2

New Accounting Guidance New Acc

New Accounting Guidance New Accounting Guidance - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2015	Oct. 01, 2014	Sep. 30, 2014
New Accounting Pronouncement, Early Adoption [Line Items]
Debt of consolidated variable interest entities	$ 764.8		$ 828.5
Appropriated retained earnings of consolidated variable interest entities	0		13.9
Retained earnings	$ 12,279.6		$ 11,625.6
New Accounting Pronouncement, Early Adoption, Effect [Member]
New Accounting Pronouncement, Early Adoption [Line Items]
Debt of consolidated variable interest entities		$ 14.2
Appropriated retained earnings of consolidated variable interest entities		13.9
Retained earnings		$ (0.3)

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2013
Stockholders' Equity Note [Abstract]
Number of shares repurchased during period	4.3	2.4	10.6	8.3
Cost of shares repurchased during period	$ 218.3	$ 128.5	$ 559.5	$ 444.4
Additional number of shares authorized to be repurchased					30
Remaining number of shares authorized to be repurchased	19.2		19.2

Stockholders' Equity - Changes

Stockholders' Equity - Changes in Stockholders' Equity and Redeemable Noncontrolling Interests (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015		Jun. 30, 2014		Oct. 01, 2014	Sep. 30, 2014
Stockholders' Equity Rollforward
Beginning balance			$ 11,584.1
Beginning balance			628.3
Beginning balance			12,212.4		$ 10,685.5
Adjustment for adoption of new accounting guidance	$ (764.8)		(764.8)					$ (828.5)
Net Income Attributable to Franklin Resources, Inc.	504.2	$ 578.9	1,677.1		1,743.7
Nonredeemable noncontrolling interests	28.6	47.4	49.4		23
Net Income			1,726.5		1,766.7
Net income reclassified to appropriated retained earnings					0
Other comprehensive income (loss)	33.4	19.8	(137.9)		18.1
Cash dividends on common stock			(591.3)		(226.7)
Repurchase of common stock			(559.5)		(444.4)
New subscriptions (distributions)			(49.3)		(5.4)
Other			127.2	[1]	127.1	[2]
Ending balance	12,085.5		12,085.5
Ending balance	628.4		628.4
Ending balance	12,713.9	11,920.9	12,713.9		11,920.9
Franklin Resources, Inc. Stockholders' Equity [Member]
Stockholders' Equity Rollforward
Beginning balance			11,584.1		10,073.1
Net Income Attributable to Franklin Resources, Inc.			1,677.1		1,743.7
Net income reclassified to appropriated retained earnings					4.4
Other comprehensive income (loss)			(137.9)		18.1
Cash dividends on common stock			(591.3)		(226.7)
Repurchase of common stock			(559.5)		(444.4)
Other			127.2	[1]	127.1	[2]
Ending balance	12,085.5	11,295.3	12,085.5		11,295.3
Noncontrolling Interest [Member]
Stockholders' Equity Rollforward
Beginning balance			628.3		612.4
Nonredeemable noncontrolling interests			49.4		23
Net income reclassified to appropriated retained earnings					(4.4)
New subscriptions (distributions)			(49.3)		(5.4)
Ending balance	$ 628.4	$ 625.6	$ 628.4		$ 625.6
New Accounting Pronouncement, Early Adoption, Effect [Member]
Stockholders' Equity Rollforward
Adjustment for adoption of new accounting guidance							$ (14.2)
New Accounting Pronouncement, Early Adoption, Effect [Member] | Franklin Resources, Inc. Stockholders' Equity [Member]
Stockholders' Equity Rollforward
Adjustment for adoption of new accounting guidance							$ (14.2)
[1]	Primarily relates to stock-based compensation plans.
[2]	Primarily relates to stock-based compensation plans.

Earnings per Share - Narrative

Earnings per Share - Narrative (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Abstract]
Shares of non participating nonvested stock unit awards excluded from the calculation of diluted EPS	1	0.1	0.9	0.1

Earnings per Share - Schedule o

Earnings per Share - Schedule of Earnings per Share Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share Reconciliation [Abstract]
Net Income Attributable to Franklin Resources, Inc.	$ 504.2	$ 578.9	$ 1,677.1	$ 1,743.7
Less: Allocation of earnings to participating nonvested stock and stock unit awards - basic	3.4	3.9	10.5	11.2
Less: Allocation of earnings to participating nonvested stock and stock unit awards - diluted	3.4	3.9	10.5	11.2
Net Income Available to Common Stockholders - basic	500.8	575	1,666.6	1,732.5
Net Income Available to Common Stockholders - diluted	$ 500.8	$ 575	$ 1,666.6	$ 1,732.5
Weighted-average shares outstanding – basic	614.1	623.2	617.3	625.8
Effect of non-participating nonvested stock unit awards and dilutive common stock options	0.1	0.4	0.1	0.5
Weighted-Average Shares Outstanding – Diluted	614.2	623.6	617.4	626.3
Earnings Per Share [Abstract]
Basic	$ 0.82	$ 0.92	$ 2.70	$ 2.77
Diluted	$ 0.82	$ 0.92	$ 2.70	$ 2.77

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Sep. 30, 2014
Investments [Abstract]
Aggregate carrying values of investment securities pledged as collateral	$ 4.5		$ 4.5		$ 6.1
Other-than-temporary impairment of investments	3.5	$ 0	5.5	$ 0.6
Other-than-temporary impairment of available-for-sale SIPs	$ 1.7		$ 3.7	$ 0.4

Investments - Summary of Invest

Investments - Summary of Investments (Details) - USD ($) $ in Millions		Jun. 30, 2015	Sep. 30, 2014
Investment [Line Items]
Investment securities, trading		$ 1,270.1	$ 1,277.5
Investment securities, available-for-sale		487.4	554.1
Investments in equity method investees		686.5	594.9
Other investments		105.1	89.6
Total Investments		2,549.1	2,516.1
Sponsored Investment Products [Member]
Investment [Line Items]
Investment securities, available-for-sale		453	517.6
Securities of U.S. states and political subdivisions [Member]
Investment [Line Items]
Investment securities, available-for-sale		6.6	11.3
Securities of the U.S. Treasury and federal agencies [Member]
Investment [Line Items]
Investment securities, available-for-sale		0.7	0.7
Mortgage-backed securities - agency residential [Member]
Investment [Line Items]
Investment securities, available-for-sale	[1]	22.9	17.9
Other Equity Securities [Member]
Investment [Line Items]
Investment securities, available-for-sale		$ 4.2	$ 6.6
[1]	Consist of U.S. government-sponsored enterprise obligations.

Investments - Summary of gross

Investments - Summary of gross unrealized gains and losses relating to investment securities, available-for-sale (Details) - USD ($) $ in Millions	Jun. 30, 2015	Sep. 30, 2014
Investment [Line Items]
Cost Basis	$ 448	$ 513
Gross Unrealized Gains	42.8	44.1
Gross Unrealized Losses	(3.4)	(3)
Fair Value	487.4	554.1
Sponsored Investment Products [Member]
Investment [Line Items]
Cost Basis	413.8	477
Gross Unrealized Gains	42.6	43.5
Gross Unrealized Losses	(3.4)	(2.9)
Fair Value	453	517.6
Securities of U.S. states and political subdivisions [Member]
Investment [Line Items]
Cost Basis	6.6	11
Gross Unrealized Gains	0	0.3
Gross Unrealized Losses	0	0
Fair Value	6.6	11.3
Securities of the U.S. Treasury and federal agencies [Member]
Investment [Line Items]
Cost Basis	0.7	0.7
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	0.7	0.7
Mortgage-backed securities - agency residential [Member]
Investment [Line Items]
Cost Basis	22.8	18
Gross Unrealized Gains	0.1	0
Gross Unrealized Losses	0	(0.1)
Fair Value	22.9	17.9
Other Equity Securities [Member]
Investment [Line Items]
Cost Basis	4.1	6.3
Gross Unrealized Gains	0.1	0.3
Gross Unrealized Losses	0	0
Fair Value	$ 4.2	$ 6.6

Investments - Continuous Loss P

Investments - Continuous Loss Position (Details) - USD ($) $ in Millions	Jun. 30, 2015	Sep. 30, 2014
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		$ 160.4
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Gross Unrealized Losses		(2.7)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		13.1
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Gross Unrealized Losses		(0.3)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		173.5
Available-for-sale Securities, Continuous Unrealized Loss Position, Gross Unrealized Losses		(3)
Sponsored Investment Products [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 71.3	156.4
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Gross Unrealized Losses	(3.3)	(2.7)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0.6	1.5
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Gross Unrealized Losses	(0.1)	(0.2)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	71.9	157.9
Available-for-sale Securities, Continuous Unrealized Loss Position, Gross Unrealized Losses	$ (3.4)	(2.9)
Mortgage-backed securities - agency residential [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		4
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Gross Unrealized Losses		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		11.6
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Gross Unrealized Losses		(0.1)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		15.6
Available-for-sale Securities, Continuous Unrealized Loss Position, Gross Unrealized Losses		$ (0.1)

Investments - Schedule of Matur

Investments - Schedule of Maturities of available-for-sale debt securities (Details) $ in Millions	Jun. 30, 2015USD ($)
Investments [Abstract]
Available-for-sale Securities, Debt Maturities, within One Year or less, Amortized Cost Basis	$ 0.6
Available-for-sale Securities, Debt Maturities, after One Through Five Years, Amortized Cost Basis	6.7
Total Available-for-sale Securities, Debt Maturities, Amortized Cost Basis	7.3
Available-for-sale Securities, Debt Maturities, within One Year or less, Fair Value	0.6
Available-for-sale Securities, Debt Maturities, after One Through Five Years, Fair Value	6.7
Total Available-for-sale Securities, Debt Maturities, Fair Value	$ 7.3

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Fair Value Disclosures [Abstract]
Transfers into Level 1 from Level 2 - assets	$ 0	$ 0	$ 0	$ 0
Transfers into Level 2 from Level 1 - assets	0	0	0	0
Transfers into Level 1 from Level 2 - liabilities	0	0	0	0
Transfers into Level 2 from Level 1 - liabilities	0	0	0	0
Transfers into Level 3 - assets	0	0	0	0
Transfers into Level 3 - liabilities	0	0	0	0
Transfers out of Level 3 - assets	0	0	0	0
Transfers out of Level 3 - liabilities	$ 0	$ 0	$ 0	$ 0

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value, by Balance Sheet Grouping (Details) - USD ($) $ in Millions		Jun. 30, 2015	Sep. 30, 2014
Investment securities, trading		$ 1,270.1	$ 1,277.5
Investment securities, available-for-sale		487.4	554.1
Life settlement contracts		14.7	14
Total Assets Measured at Fair Value		1,772.2	1,845.6
Contingent consideration liabilities		98.4	98.5
Level 1 [Member]
Investment securities, trading		1,180.3	1,196.1
Life settlement contracts		0	0
Total Assets Measured at Fair Value		1,634.6	1,715.4
Contingent consideration liabilities		0	0
Level 2 [Member]
Investment securities, trading		85.8	81.4
Life settlement contracts		0	0
Total Assets Measured at Fair Value		118.9	116.2
Contingent consideration liabilities		0	0
Level 3 [Member]
Investment securities, trading		4	0
Life settlement contracts		14.7	14
Total Assets Measured at Fair Value		18.7	14
Contingent consideration liabilities		98.4	98.5
Sponsored Investment Products [Member]
Investment securities, available-for-sale		453	517.6
Sponsored Investment Products [Member] | Level 1 [Member]
Investment securities, available-for-sale		453	517.6
Sponsored Investment Products [Member] | Level 2 [Member]
Investment securities, available-for-sale		0	0
Sponsored Investment Products [Member] | Level 3 [Member]
Investment securities, available-for-sale		0	0
Securities of U.S. states and political subdivisions [Member]
Investment securities, available-for-sale		6.6	11.3
Securities of U.S. states and political subdivisions [Member] | Level 1 [Member]
Investment securities, available-for-sale		0	0
Securities of U.S. states and political subdivisions [Member] | Level 2 [Member]
Investment securities, available-for-sale		6.6	11.3
Securities of U.S. states and political subdivisions [Member] | Level 3 [Member]
Investment securities, available-for-sale		0	0
Securities of the U.S. Treasury and federal agencies [Member]
Investment securities, available-for-sale		0.7	0.7
Securities of the U.S. Treasury and federal agencies [Member] | Level 1 [Member]
Investment securities, available-for-sale		0	0
Securities of the U.S. Treasury and federal agencies [Member] | Level 2 [Member]
Investment securities, available-for-sale		0.7	0.7
Securities of the U.S. Treasury and federal agencies [Member] | Level 3 [Member]
Investment securities, available-for-sale		0	0
Mortgage-backed securities - agency residential [Member]
Investment securities, available-for-sale	[1]	22.9	17.9
Mortgage-backed securities - agency residential [Member] | Level 1 [Member]
Investment securities, available-for-sale		0	0
Mortgage-backed securities - agency residential [Member] | Level 2 [Member]
Investment securities, available-for-sale		22.9	17.9
Mortgage-backed securities - agency residential [Member] | Level 3 [Member]
Investment securities, available-for-sale		0	0
Other Equity Securities [Member]
Investment securities, available-for-sale		4.2	6.6
Other Equity Securities [Member] | Level 1 [Member]
Investment securities, available-for-sale		1.3	1.7
Other Equity Securities [Member] | Level 2 [Member]
Investment securities, available-for-sale		2.9	4.9
Other Equity Securities [Member] | Level 3 [Member]
Investment securities, available-for-sale		$ 0	$ 0
[1]	Consist of U.S. government-sponsored enterprise obligations.

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Changes in Level 3 assets and liabilities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Contingent Consideration Liability [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period - liabilities	$ (98.7)	$ (104.2)	$ (98.5)	$ (97.7)
Purchases - liabilities			0	0
Sales - liabilities			0	0
Settlements - liabilities	0.5	2	7.7	4.8
Effect of exchange rate changes			0.2	0
Balance at end of period - liabilities	(98.4)	(98.8)	(98.4)	(98.8)
Change in unrealized gains (losses) included in net income relating to assets and liabilities held at period end	(0.2)	3.4	(7.8)	(5.9)
Investments [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period - assets	18.6	13.6	14	13.8
Purchases - assets			4.3	0.1
Sales - assets			0	(0.7)
Settlements - assets	(0.2)	(0.5)	(1)	(1.8)
Effect of exchange rate changes			0	0
Balance at end of period - assets	18.7	13.8	18.7	13.8
Change in unrealized gains (losses) included in net income relating to assets and liabilities held at period end	0.2	0.3	0.8	0.9
Investment and other income [Member] | Contingent Consideration Liability [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total realized and unrealized gains (losses) - liabilities	0	0	0	0
Investment and other income [Member] | Investments [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total realized and unrealized gains (losses) - assets	0.3	0.7	1.4	2.4
General, administrative and other expense [Member] | Contingent Consideration Liability [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total realized and unrealized gains (losses) - liabilities	(0.2)	3.3	(7.7)	(5.6)
General, administrative and other expense [Member] | Investments [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total realized and unrealized gains (losses) - assets	0	0	0	0
Other Income [Member] | Contingent Consideration Liability [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total realized and unrealized gains (losses) - liabilities	0	0.1	(0.1)	(0.3)
Other Income [Member] | Investments [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total realized and unrealized gains (losses) - assets	$ 0	$ 0	$ 0	$ 0

Fair Value Measurements - Quant

Fair Value Measurements - Quantitative Information about Level 3 (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Jun. 30, 2015	Sep. 30, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Investment securities, trading	$ 1,270.1	$ 1,277.5
Life settlement contracts	14.7	14
Contingent consideration liabilities	$ 98.4	$ 98.5
Contingent Consideration Liability [Member] | Minimum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
AUM growth rate	(2.40%)	3.40%
EBITDA margin	24.60%	21.90%
Contingent Consideration Liability [Member] | Maximum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
AUM growth rate	13.90%	20.20%
EBITDA margin	27.60%	30.40%
Contingent Consideration Liability [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	14.00%	14.00%
AUM growth rate	9.00%	12.80%
EBITDA margin	25.30%	28.20%
Trading Securities [Member] | Minimum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	5.20%
Risk premium	2.70%
Trading Securities [Member] | Maximum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	6.00%
Risk premium	2.80%
Trading Securities [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	5.40%
Risk premium	2.80%
Life settlement contracts [Member] | Minimum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Life Expectancy (in months)	20	23
Discount Rate	3.30%	3.30%
Life settlement contracts [Member] | Maximum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Life Expectancy (in months)	143	150
Discount Rate	19.00%	21.70%
Life settlement contracts [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Life Expectancy (in months)	68	71
Discount Rate	11.70%	11.70%
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Investment securities, trading	$ 4	$ 0
Life settlement contracts	14.7	14
Contingent consideration liabilities	98.4	98.5
Level 3 [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Investment securities, trading	4
Life settlement contracts	14.7	14
Contingent consideration liabilities	$ 98.4	$ 98.5

Fair Value Measurements - Sch45

Fair Value Measurements - Schedule of financial instruments not measured at fair value (Details) - USD ($) $ in Millions		Jun. 30, 2015	Sep. 30, 2014	Jun. 30, 2014	Sep. 30, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents		$ 8,426.4	$ 7,596	$ 7,697.6	$ 6,323.1
Carrying Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents		8,262.6	7,476.8
Other Investments	[1]	90.4	75.6
Debt		1,347.9	1,198.2
Estimated Fair Value [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents		8,262.6	7,476.8
Estimated Fair Value [Member] | Level 2 or Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Investments		100.7	87.8
Estimated Fair Value [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt		$ 1,368.7	$ 1,235.8
[1]	Primarily consist of Level 3 assets.

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Face value of senior unsecured and unsubordinated notes	$ 1,400
Debt issuance cost	3.6
Debt issuance discount	0.7
Payments on debt	250	$ 0
Notes Due 2025 [Member]
Face value of senior unsecured and unsubordinated notes	$ 400
Stated interest rate	2.85%
Notes Due 2015 [Member]
Payments on debt	$ 250
Stated interest rate	3.125%
Commercial Paper [Member]
Commercial paper available for issuance under an uncommitted private placement program	$ 500

Debt - Outstanding Debt (Detail

Debt - Outstanding Debt (Details) - USD ($) $ in Millions	Jun. 30, 2015	Sep. 30, 2014
Debt Instrument [Line Items]
Debt	$ 1,347.9	$ 1,198.2
Notes Due 2015 [Member]
Debt Instrument [Line Items]
Debt		$ 250
Effective Interest Rate		3.32%
Face value of senior notes	$ 250
Stated interest rate	3.125%
Notes Due 2017 [Member]
Debt Instrument [Line Items]
Debt	$ 299.3	$ 299
Effective Interest Rate	1.66%	1.66%
Face value of senior notes	$ 300
Stated interest rate	1.375%
Notes Due 2020 [Member]
Debt Instrument [Line Items]
Debt	$ 349.8	$ 349.8
Effective Interest Rate	4.74%	4.74%
Face value of senior notes	$ 350
Stated interest rate	4.625%
Notes Due 2022 [Member]
Debt Instrument [Line Items]
Debt	$ 299.5	$ 299.4
Effective Interest Rate	2.93%	2.93%
Face value of senior notes	$ 300
Stated interest rate	2.80%
Notes Due 2025 [Member]
Debt Instrument [Line Items]
Debt	$ 399.3
Effective Interest Rate	2.97%
Face value of senior notes	$ 400
Stated interest rate	2.85%

Debt - Debt Maturity (Details)

Debt - Debt Maturity (Details) - USD ($) $ in Millions	Jun. 30, 2015	Sep. 30, 2014
Long-term Debt, Fiscal Year Maturity [Abstract]
2,015	$ 0
2,016	0
2,017	299.3
2,018	0
2,019	0
Thereafter	1,048.6
Total	$ 1,347.9	$ 1,198.2

CVIEs and CSIPs - Narrative (De

CVIEs and CSIPs - Narrative (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Sep. 30, 2014USD ($)
Number of sponsored investment products consolidated	35		35		30
Gains (losses) from consolidated VIEs, net	$ 2,400,000	$ (500,000)	$ 7,500,000	$ 7,400,000
Debt, unpaid principal balance	1,347,900,000		$ 1,347,900,000		$ 1,198,200,000
Liquidation weighted average period			3 years 10 months 24 days		3 years 10 months 24 days
Consolidated SIPs' unfunded commitments	98,500,000		$ 98,500,000		$ 139,200,000
Unfunded commitments company contractually obligated to fund	2,300,000		2,300,000		3,100,000
Transfers into Level 2 from Level 1 - assets	0	0	0	0
Transfers into Level 2 from Level 1 - liabilities	0	0	0	0
Transfers into Level 1 from Level 2 - assets	0	0	0	0
Transfers into Level 1 from Level 2 - liabilities	0	0	0	0
Investments in various funds held by consolidated SIPs for which fair value was estimated using NAV	471,800,000		471,800,000		695,800,000
Debt of consolidated variable interest entities	764,800,000		764,800,000		828,500,000
AUM of non-consolidated VIEs	41,500,000,000		$ 41,500,000,000		$ 42,400,000,000
Consolidated sponsored investment products [Member]
Interest Rate, Minimum			2.30%		2.19%
Interest Rate, Maximum			5.75%		5.89%
Transfers into Level 2 from Level 1 - assets		100,000		100,000
Transfers into Level 2 from Level 1 - assets quarter to date	0	0
Transfers into Level 2 from Level 1 - liabilities	0	0	$ 0	0
Transfers into Level 1 from Level 2 - assets	0	200,000	0	200,000
Transfers into Level 1 from Level 2 - assets quarter to date	0	100,000
Transfers into Level 1 from Level 2 - liabilities	0	$ 0	0	$ 0
Transfers into or out of Level 3 - assets			0
Transfers into or out of Level 3 - liabilities			0
Investments in various funds held by consolidated SIPs for which fair value was estimated using NAV	444,500,000		$ 444,500,000		$ 393,500,000
Consolidated variable interest entities [Member]
Interest Rate, Minimum			0.51%		0.46%
Interest Rate, Maximum			9.77%		9.73%
Debt of consolidated variable interest entities	764,800,000		$ 764,800,000		$ 828,500,000
Level 3 [Member] | Consolidated variable interest entities [Member]
Debt of consolidated variable interest entities					47,200,000
Collateralized Loan Obligations [Member]
Debt, unpaid principal balance	$ 795,700,000		$ 795,700,000		$ 861,900,000

CVIEs and CSIPs - Schedule of b

CVIEs and CSIPs - Schedule of balances of consolidated VIEs and consolidated SIPs (Details) - USD ($) $ in Millions	Jun. 30, 2015	Sep. 30, 2014	Jun. 30, 2014	Sep. 30, 2013
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Cash and cash equivalents	$ 8,426.4	$ 7,596	$ 7,697.6	$ 6,323.1
Receivables	899	950
Investments, at fair value	1,772.2	1,845.6
Other assets	157.6	178.2
Total Assets	16,670.3	16,357.1
Accounts payable and accrued expenses	225.7	237.5
Debt of consolidated variable interest entities	764.8	828.5
Debt of consolidated sponsored investment products	90.8	122.3
Other liabilities	268.1	281.8
Total liabilities	3,884.7	3,909.9
Redeemable Noncontrolling Interests	71.7	234.8	183.7	121.8
Franklin Resources, Inc.’s interests	12,085.5	11,584.1
Nonredeemable noncontrolling interests	628.4	628.3
Total stockholders’ equity	12,713.9	12,212.4	$ 11,920.9	$ 10,685.5
Total Liabilities, Redeemable Noncontrolling Interests and Stockholders' Equity	16,670.3	16,357.1
Consolidated sponsored investment products [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Cash and cash equivalents	81.2	44.9
Receivables	12.2	16.2
Investments, at fair value	1,026.6	1,373.7
Other assets	0.6	0.7
Total Assets	1,120.6	1,435.5
Accounts payable and accrued expenses	24.3	18.5
Debt of consolidated sponsored investment products	90.8	122.3
Other liabilities	12.5	12.4
Total liabilities	127.6	153.2
Redeemable Noncontrolling Interests	71.7	234.8
Franklin Resources, Inc.’s interests	313.9	436.5
Nonredeemable noncontrolling interests	607.4	611
Total stockholders’ equity	921.3	1,047.5
Total Liabilities, Redeemable Noncontrolling Interests and Stockholders' Equity	1,120.6	1,435.5
Consolidated variable interest entities [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Cash and cash equivalents	82.6	74.3
Receivables	3.6	23
Investments, at fair value	709.4	788.4
Other assets	0	0
Total Assets	795.6	885.7
Accounts payable and accrued expenses	22.3	35.3
Debt of consolidated variable interest entities	764.8	828.5
Other liabilities	0	0
Total liabilities	787.1	863.8
Redeemable Noncontrolling Interests	0	0
Franklin Resources, Inc.’s interests	8.5	21.9
Nonredeemable noncontrolling interests	0	0
Total stockholders’ equity	8.5	21.9
Total Liabilities, Redeemable Noncontrolling Interests and Stockholders' Equity	795.6	885.7
Total VIEs and SIPs [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Cash and cash equivalents	163.8	119.2
Receivables	15.8	39.2
Investments, at fair value	1,736	2,162.1
Other assets	0.6	0.7
Total Assets	1,916.2	2,321.2
Accounts payable and accrued expenses	46.6	53.8
Debt of consolidated variable interest entities	764.8	828.5
Debt of consolidated sponsored investment products	90.8	122.3
Other liabilities	12.5	12.4
Total liabilities	914.7	1,017
Redeemable Noncontrolling Interests	71.7	234.8
Franklin Resources, Inc.’s interests	322.4	458.4
Nonredeemable noncontrolling interests	607.4	611
Total stockholders’ equity	929.8	1,069.4
Total Liabilities, Redeemable Noncontrolling Interests and Stockholders' Equity	$ 1,916.2	$ 2,321.2

CVIEs and CSIPs - Schedule of c

CVIEs and CSIPs - Schedule of changes in fair values of underlying assets and liabilities of the Collateralized Loan Obligations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Variable Interest Entities and Consolidated Sponsored Investment Products [Abstract]
Net gains from changes in fair value of assets		$ 7.1		$ 31.5
Net losses from changes in fair value of liabilities		(7.6)		(24.1)
Total Net Gains (Losses)	$ 2.4	$ (0.5)	$ 7.5	$ 7.4

CVIEs and CSIPs - Unpaid Princi

CVIEs and CSIPs - Unpaid Principal Balance and Fair Value of Investments and Long-Term Debt of Consolidated CLOs (Details) - USD ($) $ in Millions	Jun. 30, 2015	Sep. 30, 2014
Total investments, unpaid principal balance	$ 2,549.1	$ 2,516.1
Investments, at fair value	1,772.2	1,845.6
Debt, unpaid principal balance	1,347.9	1,198.2
Collateralized Loan Obligations [Member]
Total investments, unpaid principal balance	718.4	787.1
Total investments, difference between unpaid principal and fair value	(9)	1.3
Investments, at fair value	709.4	788.4
Debt, unpaid principal balance	$ 795.7	861.9
Debt, difference between unpaid principal and fair value		(33.4)
Debt, fair value		$ 828.5

CVIEs and CSIPs - Schedule of i

CVIEs and CSIPs - Schedule of investments of consolidated VIEs and consolidated SIPs (Details) - USD ($) $ in Millions	Jun. 30, 2015	Sep. 30, 2014
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Investment securities, trading	$ 1,270.1	$ 1,277.5
Investments, at fair value	1,772.2	1,845.6
Consolidated sponsored investment products [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Investment securities, trading	202.2	249.6
Other debt securities	151	205.6
Other equity securities	673.4	918.5
Investments, at fair value	1,026.6	1,373.7
Consolidated variable interest entities [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Investment securities, trading	0	0
Other debt securities	709.4	788.4
Other equity securities	0	0
Investments, at fair value	709.4	788.4
Total VIEs and SIPs [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Investment securities, trading	202.2	249.6
Other debt securities	860.4	994
Other equity securities	673.4	918.5
Investments, at fair value	$ 1,736	$ 2,162.1

CVIEs and CSIPs - Schedule of d

CVIEs and CSIPs - Schedule of debt of consolidated VIEs and consolidated SIPs (Details) - USD ($) $ in Millions	Jun. 30, 2015	Sep. 30, 2014
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Debt of consolidated variable interest entities	$ 764.8	$ 828.5
Debt of consolidated sponsored investment products	90.8	122.3
Consolidated variable interest entities [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Debt of consolidated variable interest entities	$ 764.8	$ 828.5
Effective Interest Rate	1.56%	1.43%
Consolidated sponsored investment products [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Debt of consolidated sponsored investment products	$ 90.8	$ 122.3
Effective Interest Rate	4.44%	3.87%
Total VIEs and SIPs [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Debt of consolidated variable interest entities	$ 764.8	$ 828.5
Debt of consolidated sponsored investment products	90.8	122.3
Total Debt	$ 855.6	$ 950.8

CVIEs and CSIPs - Schedule of55

CVIEs and CSIPs - Schedule of contractual maturities for debt of consolidated VIEs and consolidated SIPs (Details) - USD ($) $ in Millions	Jun. 30, 2015	Sep. 30, 2014
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
2,016	$ 0
2,017	299.3
2,018	0
2,019	0
Thereafter	1,048.6
Total VIEs and SIPs [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
2,015	30
2,016	0
2,017	18.7
2,018	195.3
2,019	327.5
Thereafter	284.1
Total Debt	$ 855.6	$ 950.8

CVIEs and CSIPs - Schedule of56

CVIEs and CSIPs - Schedule of balances of assets and liabilities of consolidated VIEs and consolidated SIPs measured at fair value (Details) - USD ($) $ in Millions	Jun. 30, 2015	Sep. 30, 2014	Jun. 30, 2014	Sep. 30, 2013
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Cash and cash equivalents	$ 8,426.4	$ 7,596	$ 7,697.6	$ 6,323.1
Investments, at fair value	1,772.2	1,845.6
Total Assets Measured at Fair Value	1,772.2	1,845.6
Debt of consolidated variable interest entities	764.8	828.5
Consolidated variable interest entities [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Cash and cash equivalents	82.6	74.3
Investments, at fair value	709.4	788.4
Equity securities	0	0
Debt securities	709.4	788.4
Debt of consolidated variable interest entities	764.8	828.5
Consolidated sponsored investment products [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Cash and cash equivalents	81.2	44.9
Investments, at fair value	1,026.6	1,373.7
Equity securities	673.4	918.5
Debt securities	151	205.6
Total [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Cash and cash equivalents	82.6	74.3
Receivables of consolidated VIEs	3.6	23
Investments, at fair value	709.4	788.4
Equity securities	763.8	1,068.2
Debt securities	262.8	305.5
Accounts payable and accrued expenses of consolidated VIEs		35.3
Debt of consolidated variable interest entities		828.5
Other liabilities of consolidated SIPs	4.8	4.6
Total VIEs and SIPs [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Cash and cash equivalents	163.8	119.2
Investments, at fair value	1,736	2,162.1
Equity securities	673.4	918.5
Debt securities	860.4	994
Total Assets Measured at Fair Value	1,822.2	2,259.4
Debt of consolidated variable interest entities	764.8	828.5
Total Liabilities Measured at Fair Value		868.4
Level 1 [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Total Assets Measured at Fair Value	1,634.6	1,715.4
Level 1 [Member] | Consolidated variable interest entities [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Cash and cash equivalents	82.6	74.3
Receivables of consolidated VIEs	0	0
Investments, at fair value	0	0
Accounts payable and accrued expenses of consolidated VIEs		0
Debt of consolidated variable interest entities		0
Level 1 [Member] | Consolidated sponsored investment products [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Equity securities	91.4	149.9
Debt securities	0.6	2.4
Other liabilities of consolidated SIPs	4	4
Level 1 [Member] | Total VIEs and SIPs [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Total Assets Measured at Fair Value	174.6	226.6
Total Liabilities Measured at Fair Value		4
Level 2 [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Total Assets Measured at Fair Value	118.9	116.2
Level 2 [Member] | Consolidated variable interest entities [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Cash and cash equivalents	0	0
Receivables of consolidated VIEs	3.6	23
Investments, at fair value	709	787.9
Accounts payable and accrued expenses of consolidated VIEs		35.3
Debt of consolidated variable interest entities		781.3
Level 2 [Member] | Consolidated sponsored investment products [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Equity securities	29.3	304
Debt securities	110.6	96.8
Other liabilities of consolidated SIPs	0.8	0.6
Level 2 [Member] | Total VIEs and SIPs [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Total Assets Measured at Fair Value	852.5	1,211.7
Total Liabilities Measured at Fair Value		817.2
Level 3 [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Total Assets Measured at Fair Value	18.7	14
Level 3 [Member] | Consolidated variable interest entities [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Cash and cash equivalents	0	0
Receivables of consolidated VIEs	0	0
Investments, at fair value	0.4	0.5
Accounts payable and accrued expenses of consolidated VIEs		0
Debt of consolidated variable interest entities		47.2
Level 3 [Member] | Consolidated sponsored investment products [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Equity securities	643.1	614.3
Debt securities	151.6	206.3
Other liabilities of consolidated SIPs	0	0
Level 3 [Member] | Total VIEs and SIPs [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Total Assets Measured at Fair Value	$ 795.1	821.1
Total Liabilities Measured at Fair Value		$ 47.2

CVIEs and CSIPs - Schedule of57

CVIEs and CSIPs - Schedule of investments in fund products for which fair value was estimated using NAV as a practical expedient (Details) - USD ($) $ in Millions	Jun. 30, 2015	Sep. 30, 2014
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Investments in funds products for which fair value was estimated using NAV	$ 471.8	$ 695.8
Global Fixed-Income Funds [Member] | Level 2 [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Investments in funds products for which fair value was estimated using NAV	0	275.1
Hedge Funds [Member] | Level 2 [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Investments in funds products for which fair value was estimated using NAV	27.3	27.2
Hedge Funds [Member] | Level 3 [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Investments in funds products for which fair value was estimated using NAV	1.2	1.2
Real Estate and Private Equity Funds [Member] | Level 3 [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Investments in funds products for which fair value was estimated using NAV	$ 443.3	$ 392.3

CVIEs and CSIPs - Schedule of58

CVIEs and CSIPs - Schedule of changes in Level 3 assets and liabilities of consolidated VIEs and consolidated SIPs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Oct. 01, 2014
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Transfers into Level 3 - assets	$ 0	$ 0	$ 0	$ 0
Transfers into Level 3 - liabilities	0	0	0	0
Transfers out of Level 3 - assets	0	0	0	0
Transfers out of Level 3 - liabilities	0	0	0	0
Debt of Consolidated VIEs [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Balance at beginning of period - liabilities		(51.1)	(47.2)	(59.7)
Adjustment for adoption of new accounting guidance					$ 47.2
Realized and unrealized gains (losses) included in investment and other income, net - liabilities		3.1	0	11.7
Purchases - liabilities		0	0	0
Sales - liabilities		0	0	0
Transfers into Level 3 - liabilities		0		0
Transfers out of Level 3 - liabilities		0		0
Settlements - liabilities			0
Effect of exchange rate changes		0	0	0
Balance at end of period - liabilities	0	(48)	0	(48)
Change in unrealized gains (losses) included in net income relating to assets and liabilities held at period end		3.1	0	11.7
Equity Securities [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Balance at beginning of period - assets	636.5	552.1	614.3	470.9
Adjustment for adoption of new accounting guidance	0		0
Realized and unrealized gains (losses) included in investment and other income, net - assets	9.9	51.6	38	32.1
Purchases - assets	21.9	36.7	109.3	163.2
Sales - assets	(26.8)	(10.6)	(112.9)	(37.3)
Transfers into Level 3 - assets		0		0
Transfers out of Level 3 - assets		(0.6)		(0.6)
Settlements - assets			0
Effect of exchange rate changes	1.6	(0.3)	(5.6)	0.6
Balance at end of period - assets	643.1	628.9	643.1	628.9
Change in unrealized gains (losses) included in net income relating to assets and liabilities held at period end	9.9	51.8	26.9	32.3
Debt Securities [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Balance at beginning of period - assets	150.7	268.5	206.3	272.3
Adjustment for adoption of new accounting guidance	0		0
Realized and unrealized gains (losses) included in investment and other income, net - assets	(0.4)	(1.3)	(3)	(22.7)
Purchases - assets	2.6	10.8	21	49.5
Sales - assets	(2.9)	(58.3)	(67.2)	(80.9)
Transfers into Level 3 - assets		0.6		0.6
Transfers out of Level 3 - assets		0		0
Settlements - assets			(0.6)
Effect of exchange rate changes	1.6	(0.4)	(4.9)	1.1
Balance at end of period - assets	151.6	219.9	151.6	219.9
Change in unrealized gains (losses) included in net income relating to assets and liabilities held at period end	(0.2)	(1.5)	(3)	(23.8)
Investments of Consolidated VIEs [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Balance at beginning of period - assets	0.4	0.5	0.5	0.5
Adjustment for adoption of new accounting guidance	0		0
Realized and unrealized gains (losses) included in investment and other income, net - assets	0	0	(0.1)	0
Purchases - assets	0	0	0	0
Sales - assets	0	0	0	0
Transfers into Level 3 - assets		0		0
Transfers out of Level 3 - assets		0		0
Settlements - assets			0
Effect of exchange rate changes	0	0	0	0
Balance at end of period - assets	0.4	0.5	0.4	0.5
Change in unrealized gains (losses) included in net income relating to assets and liabilities held at period end	0	0	(0.1)	0
Level 3 [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Balance at beginning of period - assets	787.6	821.1	821.1	743.7
Adjustment for adoption of new accounting guidance	0		0
Realized and unrealized gains (losses) included in investment and other income, net - assets	9.5	50.3	34.9	9.4
Purchases - assets	24.5	47.5	130.3	212.7
Sales - assets	(29.7)	(68.9)	(180.1)	(118.2)
Transfers into Level 3 - assets		0.6		0.6
Transfers out of Level 3 - assets		(0.6)		(0.6)
Settlements - assets			(0.6)
Effect of exchange rate changes	3.2	(0.7)	(10.5)	1.7
Balance at end of period - assets	795.1	849.3	795.1	849.3
Change in unrealized gains (losses) included in net income relating to assets and liabilities held at period end	$ 9.7	$ 50.3	$ 23.8	$ 8.5

CVIEs and CSIPs - Schedule of v

CVIEs and CSIPs - Schedule of valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements (Details) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended	12 Months Ended
	Jun. 30, 2015	Sep. 30, 2014
Debt Securities [Member] | Minimum [Member] | Income Approach Valuation Technique [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Discount Rate	3.50%	3.60%
Risk premium	0.00%	0.00%
Debt Securities [Member] | Maximum [Member] | Income Approach Valuation Technique [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Discount Rate	17.00%	18.00%
Risk premium	8.00%	8.00%
Debt Securities [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Discount Rate	9.20%	11.90%
Risk premium	2.70%	1.90%
Equity Securities [Member] | Minimum [Member] | Market Approach Valuation Technique [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Discount for lack of marketability	25.00%	25.00%
EBITDA multiple	4.2	3.1
Price to book value ratio	$ 1.8	$ 1.8
Equity Securities [Member] | Minimum [Member] | Income Approach Valuation Technique [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Discount Rate	6.30%	6.00%
Equity Securities [Member] | Maximum [Member] | Market Approach Valuation Technique [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Discount for lack of marketability	50.00%	50.00%
EBITDA multiple	10.8	11
Price to book value ratio	$ 2.8	$ 2.8
Equity Securities [Member] | Maximum [Member] | Income Approach Valuation Technique [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Discount Rate	19.00%	20.00%
Equity Securities [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Discount for lack of marketability	34.20%	33.20%
EBITDA multiple	8.7	8
Price to book value ratio	$ 2.3	$ 2.1
Equity Securities [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Discount Rate	12.80%	16.90%
Consolidated sponsored investment products [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Debt securities	$ 151	$ 205.6
Equity securities	673.4	918.5
Consolidated sponsored investment products [Member] | Level 3 [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Debt securities	151.6	206.3
Equity securities	643.1	614.3
Consolidated sponsored investment products [Member] | Level 3 [Member] | Income Approach Valuation Technique [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Equity securities	14.7	38.1
Consolidated sponsored investment products [Member] | Level 3 [Member] | Market pricing approach valuation technique [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Equity securities	20.4	29.8
Consolidated sponsored investment products [Member] | Level 3 [Member] | Market comparable companies approach valuation technique [Member]
Variable Interest Entities and Consolidated Sponsored Investment Products [Line Items]
Equity securities	$ 163.5	$ 152.9

CVIEs and CSIPs - Schedule of f

CVIEs and CSIPs - Schedule of financial instruments of consolidated VIEs and consolidated SIPs not measured at fair value (Details) - USD ($) $ in Millions		Jun. 30, 2015	Sep. 30, 2014	Jun. 30, 2014	Sep. 30, 2013
Variable Interest Entity [Line Items]
Cash and cash equivalents		$ 8,426.4	$ 7,596	$ 7,697.6	$ 6,323.1
Debt of consolidated variable interest entities		764.8	828.5
Debt of consolidated SIPs		90.8	122.3
Consolidated variable interest entities [Member]
Variable Interest Entity [Line Items]
Cash and cash equivalents		82.6	74.3
Debt of consolidated variable interest entities		764.8	828.5
Consolidated variable interest entities [Member] | Level 1 [Member]
Variable Interest Entity [Line Items]
Cash and cash equivalents		82.6	74.3
Debt of consolidated variable interest entities			0
Consolidated variable interest entities [Member] | Level 3 [Member]
Variable Interest Entity [Line Items]
Cash and cash equivalents		0	0
Debt of consolidated variable interest entities			47.2
Consolidated sponsored investment products [Member]
Variable Interest Entity [Line Items]
Cash and cash equivalents		81.2	44.9
Debt of consolidated SIPs		90.8	122.3
Carrying Value [Member]
Variable Interest Entity [Line Items]
Cash and cash equivalents		8,262.6	7,476.8
Carrying Value [Member] | Consolidated variable interest entities [Member]
Variable Interest Entity [Line Items]
Debt of consolidated variable interest entities		764.8
Carrying Value [Member] | Consolidated sponsored investment products [Member]
Variable Interest Entity [Line Items]
Cash and cash equivalents		81.2	44.9
Debt of consolidated SIPs		90.8	122.3
Estimated Fair Value [Member] | Level 1 [Member]
Variable Interest Entity [Line Items]
Cash and cash equivalents		8,262.6	7,476.8
Estimated Fair Value [Member] | Consolidated variable interest entities [Member] | Level 2 or Level 3 [Member]
Variable Interest Entity [Line Items]
Debt of consolidated variable interest entities	[1]	749.6
Estimated Fair Value [Member] | Consolidated sponsored investment products [Member]
Variable Interest Entity [Line Items]
Debt of consolidated SIPs			122
Estimated Fair Value [Member] | Consolidated sponsored investment products [Member] | Level 1 [Member]
Variable Interest Entity [Line Items]
Cash and cash equivalents		81.2	$ 44.9
Estimated Fair Value [Member] | Consolidated sponsored investment products [Member] | Level 3 [Member]
Variable Interest Entity [Line Items]
Debt of consolidated SIPs		$ 89.2
[1]	1 Substantially all is Level 2.

CVIEs and CSIPs - Redeemable No

CVIEs and CSIPs - Redeemable Noncontrolling Interest (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Temporary Equity [Line Items]
Beginning balance			$ 234.8	$ 121.8
Net income (loss)	$ 1.2	$ 5.8	(3.3)	14.2
Net subscriptions and other			(49.3)	(5.4)
Ending balance	$ 71.7	$ 183.7	71.7	183.7
Redeemable Noncontrolling Interests [Member]
Temporary Equity [Line Items]
Net subscriptions and other			43.7	363.7
Net deconsolidations			$ (203.5)	$ (316)

CVIEs and CSIPs - Schedule of M

CVIEs and CSIPs - Schedule of Maximum Exposure to Loss on non-consolidated VIEs (Details) - USD ($) $ in Millions	Jun. 30, 2015	Sep. 30, 2014
Non-consolidated VIEs carrying value	$ 259.8	$ 251.8
Receivables [Member]
Non-consolidated VIEs carrying value	41.5	49.8
Investments [Member]
Non-consolidated VIEs carrying value	$ 218.3	$ 202

Commitments and Contingencies F

Commitments and Contingencies Future minimum lease payments under long-term non-cancelable operating leases (Details) $ in Millions	Jun. 30, 2015USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,015	$ 12.1
2,016	45.1
2,017	39
2,018	35.9
2,019	31.1
Thereafter	212.3
Total Minimum Lease Payments	$ 375.5

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - Jun. 30, 2015 - USD ($) $ in Millions	Total
Share-based Compensation [Abstract]
Unrecognized compensation cost related to nonvested awards net of estimated forfeitures	$ 164.9
Weighted-average remaining contractual term (in years)	1 year 8 months

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - 9 months ended Jun. 30, 2015 - $ / shares shares in Thousands	Total
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested beginning balance shares	3,473
Nonvested beginning balance, Weighted Average Grant Date Fair Value	$ 48.55
Shares granted	2,655
Weighted Average Grant Date Fair Value of shares granted	$ 55.67
Shares vested	(616)
Weighted Average Grant Date Fair Value of shares vested	$ 42.38
Shares forfeited/canceled	(235)
Weighted Average Grant Date Fair Value of shares forfeited/canceled	$ 47.35
Nonvested ending balance shares	5,277
Nonvested ending balance, Weighted Average Grant Date Fair Value	$ 52.91

Other Income (Expenses) - Narra

Other Income (Expenses) - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Other Income and Expenses [Abstract]
Proceeds from the sale of available-for-sale securities	$ 74.1	$ 95.6	$ 147.7	$ 284.2
Recognized net gains (losses) on trading investment securities	(6.6)	2	(3.6)	7.2
Net gains (losses) on trading investment securities of consolidated SIPs	$ (3.5)	$ 4.2	$ (3.3)	$ 10.3

Other Income (Expenses) - Sched

Other Income (Expenses) - Schedule of Other Nonoperating Income and Expense by Component (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Other Income and Expenses [Abstract]
Dividend income	$ 2.3	$ 2.5	$ 6.4	$ 7.8
Interest income	2.6	2.1	8	6.8
Gains (losses) on trading investment securities, net	(6.6)	2.6	(3.6)	9.7
Realized gains on sale of investment securities, available-for-sale	12.7	7.8	20.8	38.4
Realized losses on sale of investment securities, available-for-sale	(0.5)	0	(2)	(0.8)
Income from investments in equity method investees	1.4	33.6	9.3	68.2
Other-than-temporary impairment of investments	(3.5)	0	(5.5)	(0.6)
Gains on investments of consolidated SIPs, net	11.9	59.4	35.5	38.7
Gains (losses) from consolidated VIEs, net	2.4	(0.5)	7.5	7.4
Foreign currency exchange gains (losses), net	(30.4)	0.3	60	(12.3)
Other, net	3	(0.2)	13.5	9.5
Total	(4.7)	107.6	149.9	172.8
Interest expense	(13.7)	(10.9)	(26.7)	(34.9)
Other income (expenses), net	$ (18.4)	$ 96.7	$ 123.2	$ 137.9

Accumulated Other Comprehensi68

Accumulated Other Comprehensive Income (Loss) - Changes in accumulated other comprehensive income by component (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period			$ (117.7)
Net unrealized gains (losses) on investments, net of tax	$ (8.7)	$ 2.5	0	$ (6)
Currency translation adjustments, net of tax	42.2	17.2	(138.8)	25.2
Net unrealized gains (losses) on defined benefit plans, net of tax	(0.1)	0.1	0.9	(1.1)
Total other comprehensive income (loss)	33.4	19.8	(137.9)	18.1
Balance at end of period	(255.6)		(255.6)
Unrealized Gains (Losses) on Investments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	39.7	63.4	31	71.9
Other comprehensive income (loss) before reclassifications, net of tax	(3.2)	17.9	9.4	22.9
Reclassifications to net investment and other income (losses), net of tax	(5.5)	(15.4)	(9.4)	(28.9)
Net unrealized gains (losses) on investments, net of tax	(8.7)	2.5	0	(6)
Balance at end of period	31	65.9	31	65.9
Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(324.6)	(55.2)	(143.6)	(63.2)
Other comprehensive income (loss) before reclassifications, net of tax	42.2	17.2	(138.8)	25.2
Reclassifications to net investment and other income (losses), net of tax	0	0	0	0
Currency translation adjustments, net of tax	42.2	17.2	(138.8)	25.2
Balance at end of period	(282.4)	(38)	(282.4)	(38)
Unrealized Gains (Losses) on Defined Benefit Plans [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(4.1)	(3.8)	(5.1)	(2.6)
Other comprehensive income (loss) before reclassifications, net of tax	(0.1)	0.1	0.9	(1.1)
Reclassifications to net investment and other income (losses), net of tax	0	0	0	0
Net unrealized gains (losses) on defined benefit plans, net of tax	(0.1)	0.1	0.9	(1.1)
Balance at end of period	(4.2)	(3.7)	(4.2)	(3.7)
Total [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(289)	4.4	(117.7)	6.1
Other comprehensive income (loss) before reclassifications, net of tax	38.9	35.2	(128.5)	47
Reclassifications to net investment and other income (losses), net of tax	(5.5)	(15.4)	(9.4)	(28.9)
Total other comprehensive income (loss)	33.4	19.8	(137.9)	18.1
Balance at end of period	$ (255.6)	$ 24.2	$ (255.6)	$ 24.2