DST Systems (DST) 10-K 28 Feb 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Jan. 31, 2017	Jun. 30, 2016
Document and Entity Information
Entity Registrant Name	DST SYSTEMS INC
Entity Central Index Key	714,603
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 3,824,656,457
Entity Common Stock, Shares Outstanding		31,546,703
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents	$ 195.5	$ 79.5
Funds held on behalf of clients	500.5	480.2
Client funding receivable	64.1	53.2
Accounts receivable (includes related party receivables of $19.7 and $20.8)	215.5	214.8
Other assets	70	49.8
Current assets held for sale	72.6	178
Total current assets	1,118.2	1,055.5
Investments	377.4	418.2
Unconsolidated affiliates	331.2	312.2
Properties, net	235.7	256.7
Intangible assets, net	142.6	135.8
Goodwill	516.4	458.3
Other assets	50.3	57
Noncurrent assets held for sale	0	119.5
Total assets	2,771.8	2,813.2
Current liabilities
Current portion of debt	208.5	5.6
Client funds obligations	564.6	533.4
Accounts payable	62.9	51.2
Accrued compensation and benefits	101.7	126.5
Deferred revenues and gains	23.5	50.4
Income taxes payable	22	0
Other liabilities	78.1	66.2
Current liabilities held for sale	30.1	115.4
Total current liabilities	1,091.4	948.7
Long-term debt	299.7	556.5
Income taxes payable	69.8	73.8
Deferred income taxes	151.5	104.7
Other liabilities	22.9	23.9
Noncurrent liabilities held for sale	0	44.5
Total liabilities	1,635.3	1,752.1
Commitments and contingencies (Note 16)
Redeemable Non-controlling Interest	21.3	15.1
Stockholders’ Equity
Preferred stock, $0.01 par, 10 million shares authorized and unissued	0	0
Common stock, $0.01 par, 400 million shares authorized, and 50.0 million shares issued	0.5	0.5
Additional paid-in capital	129.5	136.7
Retained earnings	2,379.2	1,996.6
Treasury stock, at cost	(1,410.6)	(1,129.7)
Accumulated other comprehensive income	16.6	41.9
Total stockholders’ equity	1,115.2	1,046
Total liabilities, redeemable non-controlling interest and stockholders’ equity	$ 2,771.8	$ 2,813.2

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - USD ($) shares in Millions, $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Accounts receivable, related party receivables	$ 19.7	$ 20.8
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	10	10
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	400	400
Common stock, shares issued	50	50

Consolidated Statement of Incom

Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016		Dec. 31, 2015		Dec. 31, 2014
Operating revenues	$ 373.7	$ 365.5	$ 373.9	$ 361.3	$ 362.3	$ 353.4	$ 349.3	$ 340	$ 1,474.4		$ 1,405		$ 1,445.5
Out-of-pocket reimbursements	25.1	21.2	16.6	19.4	20.9	18.2	14.2	15.7	82.3		69		59.3
Total revenues (includes related party revenues of $150.7, $150.3 and $148.8)	398.8	386.7	390.5	380.7	383.2	371.6	363.5	355.7	1,556.7		1,474		1,504.8
Costs and expenses	296.5	289.6	320.4	306.9	295.9	287.1	289.7	277.5	1,213.4		1,150.2		1,149.1
Depreciation and amortization	26.9	22.8	24.2	22.1	25.1	22.9	21.7	21.4	96		91.1		93
Operating income	75.4	74.3	45.9	51.7	62.2	61.6	52.1	56.8	247.3		232.7		262.7
Interest expense	(5.5)	(5.4)	(6.5)	(6.1)	(6.1)	(5.8)	(5.8)	(6.1)	(23.5)		(23.8)		(26.3)
Gain on sale of business	5.5	0	0	0					5.5		0		100.5
Other income, net	2.7	6.7	7	6.3	14.6	14.4	92.2	83.3	22.7		204.5		373.1
Equity in earnings of unconsolidated affiliates	3.3	7	10.2	6.7	6.2	11.8	12.7	14.7	27.2		45.4		34.7
Income from continuing operations before income taxes and non-controlling interest	81.4	82.6	56.6	58.6	76.9	82	151.2	148.7	279.2		458.8		744.7
Income taxes	27.3	31.6	22.1	20.1	22	15.9	55.7	55.6	101.1		149.2		183.9
Income from continuing operations before non-controlling interest	54.1	51	34.5	38.5	54.9	66.1	95.5	93.1	178.1		309.6		560.8
Income from discontinued operations, net of tax	(11.7)	222.8	18.7	18.5	12.8	9	12	14.7	248.3		48.5		32.5
Net income	42.4	273.8	53.2	57	67.7	75.1	107.5	107.8	426.4		358.1		593.3
Net loss attributable to non-controlling interest	0.5	(0.5)	(0.2)	1.1	0.1	0	0	0	0.9		0.1		0
Net income attributable to DST Systems, Inc.	$ 42.9	$ 273.3	$ 53	$ 58.1	$ 67.8	$ 75.1	$ 107.5	$ 107.8	$ 427.3		$ 358.2		$ 593.3
Weighted average common shares outstanding	32.1	32.7	33.3	33.8	34.5	35.7	36.6	37.2	33		36		40
Weighted average diluted shares outstanding	32.5	33	33.6	34.3	35	36.2	37	37.6	33.3		36.4		40.5
Basic earnings per share
Continuing operations attributable to DST Systems, Inc., per basic share (in dollars per share)	$ 1.70	$ 1.54	$ 1.03	$ 1.17	$ 1.59	$ 1.85	$ 2.61	$ 2.50	$ 5.43	[1]	$ 8.60	[1]	$ 14.01
Discontinued operation, per basic share (in dollars per share)	(0.36)	6.81	0.56	0.55	0.37	0.25	0.33	0.40	7.53	[1]	1.35	[1]	0.81
Basic earnings per share (in dollars per share)	1.34	8.35	1.59	1.72	1.96	2.10	2.94	2.90	12.96	[1]	9.95	[1]	14.82
Diluted earnings per share
Continuing operations attributable to DST Systems, Inc., per diluted share (in dollars per share)	1.68	1.53	1.03	1.16	1.57	1.83	2.58	2.48	5.37	[1]	8.50	[1]	13.86
Discontinued operation, per diluted share (in dollars per share)	(0.36)	6.75	0.55	0.54	0.37	0.25	0.33	0.39	7.45	[1]	1.33	[1]	0.80
Diluted earnings per share (in dollars per share)	1.32	8.28	1.58	1.70	1.94	2.08	2.91	2.87	12.82	[1]	9.83	[1]	14.66
Cash dividends per share of common stock (in dollars per share)	$ 0.33	$ 0.33	$ 0.33	$ 0.33	$ 0.30	$ 0.30	$ 0.30	$ 0.30	$ 1.32		$ 1.20		$ 1.20
[1]	Earnings per share are computed independently for each of the quarters presented. Accordingly, the accumulation of quarterly earnings per share may not equal the total computed for the year.

Consolidated Statement of Inco5

Consolidated Statement of Income (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Statement [Abstract]
Related party revenues	$ 150.7	$ 150.3	$ 148.8

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net income attributable to DST Systems, Inc.	$ 427.3	$ 358.2	$ 593.3
Other comprehensive loss, net of tax and reclassifications to earnings:
Unrealized holding gains (losses) on available-for-sale securities	10.1	(123.2)	(93.6)
Unrealized gains on cash flow hedges	0	0.2	0.2
Foreign currency translation adjustments	(35.4)	(22)	(27.9)
Other comprehensive loss	(25.3)	(145)	(121.3)
Comprehensive income	$ 402	$ 213.2	$ 472

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Income
Balance (in shares) at Dec. 31, 2013		41.8
Balance at Dec. 31, 2013	$ 1,183.8	$ 1	$ 187.3	$ 3,777.7	$ (3,090.4)	$ 308.2
Comprehensive income:
Net income attributable to DST Systems, Inc.	593.3			593.3
Other comprehensive loss	(121.3)					(121.3)
Dividends	(47.6)		(0.7)	(48.3)
Amortization of share based compensation	21		21
Issuance of common stock (in shares)		0.5
Issuance of common stock	20		8		28
Repurchase of common stock (in shares)		(4.7)
Repurchase of common stock	(424.5)				(424.5)
Retirement of treasury stock	0	$ 0.5	98.3	2,639.8	2,738.6
Other	11.7		11.7
Balance (in shares) at Dec. 31, 2014		37.6
Balance at Dec. 31, 2014	1,236.4	$ 0.5	114.4	1,682.9	(748.3)	186.9
Comprehensive income:
Net income attributable to DST Systems, Inc.	358.2			358.2
Other comprehensive loss	(145)					(145)
Dividends	(43.1)		(1.4)	(44.5)
Amortization of share based compensation	27.9		27.9
Issuance of common stock (in shares)		0.3
Issuance of common stock	18.7		5.2		23.9
Repurchase of common stock (in shares)		(3.6)
Repurchase of common stock	(405.3)				(405.3)
Other	(1.8)		(1.8)
Balance (in shares) at Dec. 31, 2015		34.3
Balance at Dec. 31, 2015	1,046	$ 0.5	136.7	1,996.6	(1,129.7)	41.9
Comprehensive income:
Net income attributable to DST Systems, Inc.	427.3			427.3
Other comprehensive loss	(25.3)					(25.3)
Dividends	(43.4)		(1.3)	(44.7)
Amortization of share based compensation	16.3		16.3
Issuance of common stock (in shares)		0.4
Issuance of common stock	10.4		24.5		34.9
Repurchase of common stock (in shares)		(2.7)
Repurchase of common stock	(315.8)				(315.8)
Other	(0.3)		(0.3)
Balance (in shares) at Dec. 31, 2016		32
Balance at Dec. 31, 2016	$ 1,115.2	$ 0.5	$ 129.5	$ 2,379.2	$ (1,410.6)	$ 16.6

Consolidated Statement of Cash

Consolidated Statement of Cash Flows $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Cash flows—operating activities:
Net income	$ 426.4	$ 358.1	$ 593.3
Less: income from discontinued operations	248.3	48.5	32.5
Income from continuing operations	178.1	309.6	560.8
Depreciation and amortization	96	91.1	93
Net gains on investments	(2.4)	(163.6)	(281.8)
Gains on sale of properties and businesses	(5.6)	(4.5)	(101.3)
Amortization of share-based compensation	12.2	24.1	17.7
Equity in earnings of unconsolidated affiliates	(27.2)	(45.4)	(34.7)
Cash dividends from unconsolidated affiliates	0.4	3.5	1.8
Gain on contract to repurchase common stock	0	0	(18.1)
Deferred income taxes	17	(15.5)	1.4
Changes in accounts receivable	(16)	(10.6)	(6.1)
Changes in other assets	(0.8)	(9.4)	1.1
Changes in client funds obligations	10.9	9.9	(6.9)
Changes in client funding receivable	(10.9)	(9.9)	6.9
Changes in accounts payable and accrued liabilities	16.6	(1.8)	3.9
Changes in income taxes payable	(67.9)	(31.6)	(23.2)
Changes in deferred revenues and gains	(4.6)	(2.1)	0.4
Changes in accrued compensation and benefits	(26.9)	(7.7)	8
Other, net	(6.2)	(0.4)	19.5
Net cash provided from continuing operating activities	162.7	135.7	242.4
Net cash provided from discontinued operating activities	26.4	84.5	70.1
Net cash provided from operating activities	189.1	220.2	312.5
Cash flows—investing activities:
Cash paid for capital expenditures	(60.4)	(88.9)	(82.6)
Investments in securities	(258.3)	(166.4)	(76.4)
Proceeds from (investments in and advances to) unconsolidated affiliates, net	(23.8)	11.1	10
Proceeds from sale / maturities of investments	317.8	358.6	419.4
Net increase in restricted cash and cash equivalents held to satisfy client funds obligations	(20.3)	(113.5)	(44.9)
Proceeds from sale of properties	5.7	6.1	32.2
Acquisition of businesses, net of cash and cash equivalents acquired	(93.5)	(117.4)	0
Proceeds from sale of businesses, net of cash and cash equivalents sold	14.5	7.9	77.4
Other, net	1	0.1	0
Net cash provided from (used in) continuing investing activities	(117.3)	(102.4)	335.1
Net cash provided from (used in) discontinued investing activities	412.9	104.9	(30.4)
Net cash provided from investing activities	295.6	2.5	304.7
Cash flows—financing activities:
Proceeds from issuance of common stock	5.3	11.8	13
Principal payments on debt	(5.1)	(46.4)	(132.3)
Net proceeds (repayments) on accounts receivable securitization program	103.2	(120)	(30)
Net borrowings (repayments) on revolving credit facilities	(151.1)	181.8	33.9
Net increase in client funds obligations	20.3	124	39.9
Receipt of third party capital in investment fund	7.1	15	0
Common stock repurchased	(315.8)	(405.3)	(406.4)
Payment of cash dividends	(43.4)	(43.1)	(47.6)
Excess tax benefits from share based compensation	4.7	5.6	6.1
Other, net	0	(2.1)	(3.4)
Net cash used for continuing financing activities	(374.8)	(278.7)	(526.8)
Net cash used for discontinued financing activities	0	(6.1)	(1.2)
Net cash used for financing activities	(374.8)	(284.8)	(528)
Net increase (decrease) in cash and cash equivalents, including cash within assets held for sale	109.9	(62.1)	89.2
Cash and cash equivalents, beginning of year	89.6	151.7	62.5
Cash and cash equivalents, end of year	199.5	89.6	151.7
Less: cash and cash equivalents held for sale	4	10.1	12.1
Cash and cash equivalents of continuing operations, end of year	$ 195.5	$ 79.5	$ 139.6

Description of Business

Description of Business	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business DST Systems, Inc. and consolidated subsidiaries (“we,” “our,” “us,” the “Company” or “DST”) use proprietary software applications to provide sophisticated information processing and servicing solutions, through strategically unified business processing and data management, to clients globally within the asset management, brokerage, retirement, healthcare and other markets. Our wholly-owned data centers provide the secure technology infrastructure necessary to support our solutions. We manage our business through our two operating segments, Financial Services and Healthcare Services. Investments in equity securities, private equity investments, real estate and certain financial interests have been aggregated into the Investments and Other segment. On July 1, 2016, we completed the sale of our North American Customer Communications business. Additionally, during 2016, our Board of Directors approved a plan for management to pursue the divestiture of our United Kingdom Customer Communications business. As a result, beginning in 2016, the Customer Communications segment, as well as certain businesses previously reported within the Financial Services segment that were part of the July 1, 2016 sale, have been reported as discontinued operations. Prior period amounts have been adjusted to be consistent with the current discontinued operations presentation. See Note 4 , Discontinued Operations , for additional information.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Principles of consolidation The consolidated financial statements include all majority-owned subsidiaries of the Company. Intercompany balances and transactions have been eliminated. Certain amounts in the 2015 and 2014 consolidated financial statements have been reclassified to conform to the 2016 presentation. We consolidate any entity in which we have a controlling financial interest. Under the voting interest model, generally the investor that has voting control (usually more than 50% of an entity’s voting interests) consolidates the entity. Under the variable interest entity (“VIE”) model, the party that has the power to direct the entity’s most significant economic activities and the ability to participate in the entity’s economics consolidates the entity. An entity is considered a VIE if it possesses one of the following characteristics: 1) the entity is thinly capitalized; 2) residual equity holders do not control the entity; 3) equity holders are shielded from economic losses; 4) equity holders do not participate fully in an entity’s residual economics; and 5) the entity was established with non-substantive voting interests. For consolidated subsidiaries that are less than wholly owned, the third-party holdings of equity interests are referred to as non-controlling interests. Non-controlling interests that are redeemable or convertible for cash or other assets at the option of the holder are classified separate from stockholders’ equity on the Consolidated Balance Sheet. The portion of net income (loss) attributable to the non-controlling interest for such subsidiaries is presented as net income (loss) attributable to non-controlling interest in the Consolidated Statement of Income. We have the following significant operating joint ventures: BFDS; IFDS U.K.; and IFDS L.P. We do not have a controlling financial interest in these entities and therefore account for the financial results of these operating joint ventures using the equity method of accounting. We are the lessee in a series of operating leases covering a large portion of our Kansas City, Missouri-based leased office facilities. The lessors are generally joint ventures (in which we have a 50% ownership) that have been established specifically to purchase, finance and engage in leasing activities with the joint venture partners and unrelated third parties. Our analysis of our real estate joint ventures for all periods presented indicate that none qualified as a VIE and, accordingly, they have not been consolidated. We provide investment management services to, and have transactions with, various exchange traded funds, mutual funds and other investment products sponsored by the Company in the normal course of business. We generally are considered to have a controlling financial interest in a fund when we own a majority of the outstanding controlling shares, which may arise as a result of seed capital investments in newly launched investment products from the time of initial launch to the time that the fund becomes majority-held by third-party investors. Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses. Actual results could differ from those estimates. Revenue recognition We recognize revenue when it is realized or realizable and it is earned. The majority of our revenues are derived from computer processing and services and are recognized upon completion of the services provided. Software license fees, maintenance fees and other ancillary fees are recognized as services are provided or delivered and all customer obligations have been met. We generally do not have payment terms from customers that extend beyond one year. Revenue from operating leases is recognized monthly as the rent accrues. Billing for services in which cash is collected in advance of performance is recorded as deferred revenue. Allowances for billing adjustments and doubtful account expense are estimated as revenues are recognized. Allowances for billing adjustments are recorded as reductions in revenues and doubtful account expense is recorded within Costs and expenses. The annual amounts for these items are immaterial to our consolidated financial statements. We recognize revenue when the following criteria are met: 1) persuasive evidence of an arrangement exists; 2) delivery has occurred or services have been rendered; 3) the sales price is fixed or determinable; and 4) collectibility is reasonably assured. If there is a customer-specific acceptance provision in a contract or if there is uncertainty about customer acceptance, the associated revenue is deferred until we have evidence of customer acceptance. Revenue arrangements with multiple deliverables are evaluated to determine if the deliverables (items) can be divided into more than one unit of accounting. An item can generally be considered a separate unit of accounting if both of the following criteria are met: 1) the delivered item(s) has value to the customer on a standalone basis and 2) if the arrangement includes a general right of return relative to the delivered item(s), delivery or performance of the undelivered item(s) is considered probable and substantially in our control. Once separate units of accounting are determined, the arrangement consideration is allocated at the inception of the arrangement to all deliverables using the relative selling price method. Relative selling price is obtained from sources such as vendor-specific objective evidence, which is based on the separate selling price for that or a similar item or from third-party evidence such as how competitors have priced similar items. If such evidence is unavailable, we use our best estimate of the selling price, which includes various internal factors such as our pricing strategy and market factors. Software license revenues are recognized at the time the contract is signed, the software is delivered and no future software obligations exist. Deferral of software license revenue results from delayed payment provisions, disproportionate discounts between the license and other services or the inability to unbundle certain services. We recognize revenues for maintenance services ratably over the contract term, after collectibility has been reasonably assured. Reimbursements received for “out-of-pocket” (“OOP”) expenses, such as postage and telecommunications charges, are recorded as revenue on an accrual basis. Because these additional revenues are offset by the reimbursable expenses incurred, they have minimal impact on income from operations and net income. For each segment, total revenues are reported in two categories, operating revenues and OOP reimbursements. OOP expenses are included in costs and expenses. Costs and expenses Costs and expenses include all costs, excluding depreciation and amortization, incurred to produce revenues. We believe that the nature of our business as well as our organizational structure, in which virtually all officers and associates have operational responsibilities, does not allow for a meaningful segregation of selling, general and administrative costs. These costs, which we believe to be immaterial, are also included in costs and expenses. Substantially all depreciation and amortization is directly associated with the production of revenues. Cash equivalents Short-term liquid investments with original maturities of 90 days or less are considered cash equivalents. Due to the short-term nature of these investments, carrying value approximates market value. Client funds/obligations Funds held on behalf of clients In connection with providing data processing services for our clients, we may hold client funds on behalf of transfer agency clients and pharmacy processing clients. End-of-day available client bank balances for full service mutual fund transfer agency clients are invested overnight. Invested balances are returned to the full service mutual fund transfer agency client accounts the following business day. Funds received from clients for the payment of pharmacy claims incurred by its members are invested until the claim payments are presented to the bank. These amounts are included in funds held on behalf of clients in the Consolidated Balance Sheet and represent assets that are restricted for use. Client funding receivable Client funding receivables represent amounts due to us for pharmacy claims paid in advance of receiving client funding and for pharmacy claims processed for which client funding requests have not been made. Client funds obligations Client funds obligations represent our contractual obligations to remit funds to satisfy client pharmacy claim obligations and are recorded on the balance sheet when incurred, generally after a claim has been processed by us. In addition, client funds obligations include transfer agency client balances invested overnight. We have reported the cash flows related to the purchases of investment funds (available-for-sale securities) held on behalf of clients and the cash flows related to the proceeds from the sales/maturities of investment funds held on behalf of clients on a gross basis in the investing section of the Consolidated Statement of Cash Flows. We have reported the cash inflows and outflows related to client fund investments on a net basis within net (increase) decrease in restricted cash and cash equivalents held to satisfy client funds obligations in the investing section of the Consolidated Statement of Cash Flows. We have reported the cash flows related to client funds used in investing activities on a net basis within net increase (decrease) in client funds obligations in the financing section of the Consolidated Statement of Cash Flows. Investments The equity method of accounting is used for investments in entities, partnerships and similar interests (including investments in private equity funds where we are the limited partner) in which we have significant influence but do not control. Under the equity method, we recognize income or losses from our pro-rata share of these unconsolidated affiliates’ net income or loss, which changes the carrying value of the investment of the unconsolidated affiliate. In certain cases, pro-rata losses are recognized only to the extent of our investment in and advances to the unconsolidated affiliate. The cost method of accounting is used for these investments when we have a de minimis ownership percentage and do not have significant influence. Our cost method investments are held at the lower of cost or market. Investments classified as available-for-sale securities are reported at fair value with unrealized gains and losses excluded from earnings and recorded net of deferred taxes directly to stockholders’ equity as accumulated other comprehensive income. Investments in trading securities are reported at fair value with unrealized gains and losses included in earnings. Investments classified as held-to-maturity securities are recorded at amortized cost, which approximates fair value. Investment funds which are consolidated as a result of our seed capital investment are considered investment companies and therefore we retain the specialized industry accounting principles of these investment products in our consolidated financial statements. Upon consolidation of a fund, the underlying securities of the fund are reflected at fair value with gains and losses included in Other income, net in the Consolidated Statement of Income. Security transactions and investment income Security transactions are accounted for on the trade date. Security gains and losses are calculated on the specific identification method. Dividend income is recorded on the ex-dividend date. Interest income, adjusted for discounts and premiums, is recorded on the accrual basis. Property and equipment Property and equipment are recorded at cost with major additions and improvements capitalized. Cost includes the amount of interest cost associated with significant capital additions. Depreciation of buildings is recorded using the straight-line method over 30 to 40 years. Technology equipment, furniture, fixtures and other equipment are depreciated using accelerated methods over the estimated useful lives, principally three to five years. Software is depreciated using the straight-line method over the estimated useful lives, generally three to five years. Leasehold improvements are depreciated using the straight-line method over the lesser of the term of the lease or life of the improvements. We review, on a quarterly basis, our property and equipment for possible impairment. Purchased software is recorded at cost and is amortized over the estimated economic life, which is generally three to five years. We capitalize costs for the development of internal use software, including coding and software configuration costs and costs of upgrades and enhancements, after the preliminary project phase has been completed and management has committed to funding the project. These costs are amortized on a straight-line basis, depending on the nature of the project, generally over a three to five year period. We review, on a quarterly basis, our capitalized software for possible impairment. Development costs for software that will be sold or licensed to third parties, prior to the achievement of technological feasibility, are expensed as incurred. We capitalize software development costs for software that will be sold or licensed to third parties which are incurred after the products reach technological feasibility but prior to the general release of the product to customers. These capitalized development costs are amortized on a product-by-product basis using the greater of the amount computed by taking the ratio of current year’s gross revenues to current and anticipated future gross revenues or the amount computed by the straight-line method over the estimated useful life of the product, which is generally three to five years. We evaluate the net realizable value of capitalized software development costs on a product-by-product basis. Goodwill and intangible assets We have recorded goodwill and intangible assets in connection with various acquisitions of businesses. Intangible assets at December 31, 2016 and 2015 primarily represent customer relationships and other definite lived intangible assets (trade names, non-compete agreements, etc.) acquired. The estimated useful life on these intangible assets ranges from 3 to 19 years. The weighted average amortization period at December 31, 2016 for customer relationships and other intangible assets is 14.7 and 8.7 years, respectively. We assess the impairment of goodwill at least annually (as of October 1) and assess identifiable intangibles, long-lived assets and related assets whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Intangible assets that have finite lives will continue to be amortized over their useful lives. Our assessment of goodwill for impairment for 2016 included a quantitative assessment that compared the fair value to the net book value of our reporting units. The fair value of the reporting units was estimated using the present value of expected future cash flows and substantially exceeded the carrying value of the reporting units. For 2015, we performed a qualitative assessment that considered various factors, including growth in operating revenues and income from operations of our reporting units since our last quantitative assessment in 2014. Our 2016 , 2015 and 2014 annual goodwill impairment tests determined that goodwill was not impaired, except during 2016 for the goodwill held at the Customer Communications U.K. reporting unit, which is included as a component of discontinued operations, as further described in Note 4, Discontinued Operations. Income taxes We recognize the amount of income taxes payable or refundable for the current year and deferred tax liabilities and assets for the future tax consequences of events that have been recognized in our financial statements or tax returns. Deferred income tax effects of transactions reported in different periods for financial reporting and income tax return purposes are recorded by the liability method. This method gives consideration to the future tax consequences of deferred income or expense items and differences between the income tax and financial accounting statement bases of assets and liabilities and immediately recognizes changes in income tax laws upon enactment. The income statement effect is generally derived from changes in deferred income taxes on the balance sheet. From time to time, we enter into transactions for which the tax treatment under the Internal Revenue Code or applicable state tax laws is uncertain. We provide federal and/or state income taxes on such transactions, together with related interest, net of income tax benefit, and any applicable penalties in accordance with accounting guidance for income tax uncertainties. We record income tax uncertainties that are estimated to take more than 12 months to resolve as non-current. Interest and penalties related to unrecognized tax benefits, if any, are recorded in income tax expense. Foreign currency translation Our international subsidiaries use the local currency as the functional currency. We translate our assets and liabilities at period-end exchange rates. Income and expense accounts are translated at average rates during the period. Earnings per share Basic earnings per share are determined by dividing net income by the weighted average number of common shares outstanding during the year. Diluted earnings per share are determined by including the dilutive effect of all potential common shares outstanding during the year. See Note 13 , Equity , for additional details regarding our earnings per share computation. Derivative and hedging activities We recognize all derivatives as either assets or liabilities in the balance sheet and measure those instruments at fair value and the changes in the fair value of derivatives are recorded each period in current earnings or other comprehensive income, depending on whether a derivative is designated as part of a hedge transaction and, if it is, the type of hedge transaction. From time to time, we utilize derivatives to manage interest rate and foreign currency risks. We do not enter into derivative arrangements for speculative purposes. At December 31, 2016 and 2015 , we had derivative instruments outstanding as described in Note 11 , Hedging Transactions and Derivative Financial Instruments . Comprehensive income Our comprehensive income consists of net income and unrealized gains or losses on available-for-sale securities, our proportional share of unconsolidated affiliates’ other comprehensive income (limited by the carrying value of the investment), unrealized gains or losses on our cash flow hedges and foreign currency translation adjustments, which are presented in the Consolidated Statement of Comprehensive Income, net of tax and reclassifications to earnings. Share-based compensation We have share-based compensation plans covering our employees and our non-employee directors and have outstanding share awards (primarily in the form of stock options, restricted stock, restricted stock units and performance stock units) under each of these plans. We recognize the cost of employee services received in exchange for awards of equity instruments based on the grant date fair value of those awards offset by estimates of compensation costs related to awards that are not expected to vest. For share-based awards granted, we expense the grant date fair value of these awards using the straight-line method over the service period. Amortization for the grant date fair value of share-based awards containing both service and performance features depends on our judgments on whether the performance conditions will be achieved. New authoritative accounting guidance In November 2016, the Financial Accounting Standards Board (“FASB”) issued guidance which requires the statement of cash flows to explain changes during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. The guidance is effective January 1, 2018 and requires retrospective application. Early adoption is permitted. We are currently evaluating the standard and the impact it will have on our consolidated financial statements. In October 2016, the FASB issued guidance which requires the recognition of income tax consequences for intra-entity transfers of assets other than inventory. The guidance is effective January 1, 2018 and requires modified retrospective application. Early adoption is permitted. We are currently evaluating the standard and the impact it will have on our consolidated financial statements. In August 2016, the FASB issued guidance to clarify how certain transactions are presented and classified in the statement of cash flows. The guidance is effective January 1, 2018 with early adoption permitted. We do not expect the adoption of this new standard to have a material impact on our consolidated financial statements. In March 2016, the FASB issued guidance which simplifies several aspects of the accounting for employee share-based payment transactions, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification of related amounts within the statement of cash flows. The guidance is effective January 1, 2017, with early adoption permitted. We expect increased volatility in earnings as the excess tax benefits driven by changes in our stock price will be recorded to the Consolidated Statement of Income upon adoption. In February 2016, the FASB issued guidance which requires lessees to reflect most leases on their balance sheet as assets and obligations. The guidance is effective January 1, 2019 with early adoption permitted. The standard is to be applied under the modified retrospective method, with elective reliefs, which requires application of the new guidance for all periods presented. We are currently evaluating the standard and the impact it will have on our consolidated financial statements and related disclosures. In January 2016, the FASB issued guidance which updates the reporting model for certain financial instruments, including the requirement for equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. The guidance is effective January 1, 2018 and requires a cumulative-effective adjustment as of the beginning of the fiscal year of adoption. Early adoption is permitted as of the beginning of the fiscal year of adoption. We are currently evaluating the standard and the impact it will have on our consolidated financial statements. In September 2015, the FASB issued guidance which requires that an acquirer recognize adjustments to provisional amounts in a business combination that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. Effects on earnings as a result of the change to the provisional amounts should be recorded in the same period’s financial statements and calculated as if the accounting had been completed at the acquisition date. The guidance was adopted on January 1, 2016 and did not have a material impact on our consolidated financial statements. In February 2015, the FASB issued guidance which changes the way reporting enterprises evaluate whether (a) they should consolidate limited partnerships and similar entities, (b) fees paid to a decision maker or service provider are variable interests in a Variable Interest Entity (“VIE”), and (c) variable interests in a VIE held by related parties of the reporting enterprise require the reporting enterprise to consolidate the VIE. It also eliminates the VIE consolidation model based on majority exposure to variability that applied to certain investment companies and similar entities. In connection with the adoption of the guidance on January 1, 2016, the Company reevaluated all of its investment products for consolidation and determined that certain of its investments in private equity funds met the definition of a VIE as our equity interests lacked the characteristics of a controlling financial interest. The revised consolidation guidance did not result in consolidation of any of our investments. See Note 5, Investments, for additional details regarding our investments in variable interest entities. In May 2014, the FASB issued guidance which requires companies to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration it expects to be entitled in exchange for those goods or services. The new standard and subsequently issued amendments will become effective for us beginning with the first quarter 2018, and although permitted, we will not early adopt this guidance. We are in the process of selecting the method of adoption, either the full retrospective or modified retrospective transition approach, however we have not yet determined the method by which the standard will be adopted. In addition, we are currently evaluating the impacts of the application of the new standard to our existing portfolio of customer contracts and will continue to review new contracts entered into prior to the adoption of the new standard. While we expect the adoption of the standard will change the timing of when revenue is recognized for certain revenue streams, we anticipate that the majority of our contracts with customers will be accounted for under the series deliverable guidance in the new standard which will likely result in no change as compared to current revenue recognition. We expect to continue finalizing our assessment of the expected impact of adoption throughout 2017.

Significant Business Transactio

Significant Business Transactions and Events	12 Months Ended
	Dec. 31, 2016
Significant Business Transactions and Events [Abstract]
Significant Business Transactions and Events	Significant Business Transactions and Events Significant Business Acquisitions Acquisition of Kaufman Rossin Fund Services LLC On February 24, 2016, we acquired all of the membership interests of KRFS, for $94.7 million in cash, after giving effect to a $0.3 million adjustment agreed upon in June 2016 to settle working capital under the terms of the agreement. DST financed the acquisition through cash-on-hand and available lines of credit. KRFS is an independent, full-service provider of specialized hedge fund administration services to the global financial community. KRFS’ hedge fund services include accounting and valuation, back-office outsourcing, investor services, treasury services, and customized reporting. We expect the acquisition to provide us with additional opportunities within the alternative investment marketplace and expand our asset administration service offerings. The factors described above, combined with the synergies expected from combining our operations with the acquired entity and the resulting expansion of the service offerings available to our clients, are the basis for the acquisition price paid resulting in $61.0 million of goodwill recorded, all of which is expected to be deductible for tax purposes. KRFS is included within the Financial Services segment. The transaction was accounted for using the acquisition method of accounting, and as such, assets acquired, liabilities assumed, and consideration transferred were recorded at their estimated fair values on the acquisition date. The following table summarizes the aggregate acquisition-date fair value of the consideration transferred for the acquisition of KRFS and the amounts recognized as of the acquisition date for the assets acquired and liabilities assumed (in millions): Consideration Cash paid $ 94.7 Recognized amounts of identifiable assets acquired and liabilities assumed Cash and cash equivalents $ 1.0 Accounts receivable 2.9 Other current assets 0.1 Investments 0.5 Properties (1) 6.8 Intangible assets 23.4 Goodwill 61.0 Total assets 95.7 Deferred revenue 0.6 Other current liabilities 0.4 Total liabilities 1.0 Net assets acquired $ 94.7 ______________________________________________ (1) Includes $6.5 million of acquired software with a weighted-average useful life of 6 years. The following table summarizes the intangible assets acquired and estimated weighted-average useful lives as of the acquisition date (in millions): Fair Value Weighted-Average Useful Life Customer relationships $ 22.5 10 years Other 0.9 3 years $ 23.4 The operating results of KRFS were combined with our operating results subsequent to the acquisition date. Approximately $20.9 million of revenues and $1.1 million of pretax income of the acquired business are included in the Consolidated Statement of Income for the year ended December 31, 2016. Pro-forma results of operations, assuming this acquisition was made at the beginning of the earliest period presented, have not been presented as the effect of this acquisition is not material to our results. The following acquisitions during 2015 are included within the Financial Services segment: Acquisition of kasina LLC On January 1, 2015, we acquired all of the membership interests of kasina LLC, a strategic advisory firm to the asset management industry for $9.0 million of upfront cash consideration and up to $2.1 million of performance-related contingent consideration, based on the terms of the agreement, which were amended during 2016. The contingent consideration requires, subject to certain exceptions, future employment over the course of the performance period. The acquisition provides us with additional opportunities to provide a combination of advisory, research, technology and analytics to asset managers. Acquisition of Red Rocks Capital LLC On July 31, 2015, we acquired all of the membership interests of asset manager Red Rocks Capital LLC, which focuses on listed private equity and other private asset investments, for $45.0 million of upfront cash consideration and up to $20.0 million of performance-related contingent consideration. The performance-related contingent consideration is based on the achievement of certain annual revenue targets of the acquired business over an approximate four year period from the closing date and requires, subject to certain exceptions, future employment over the course of the performance period. We expect the acquisition to provide us with additional opportunities within the alternative investment marketplace to enhance our ongoing asset management strategy. Acquisition of Wealth Management Systems Inc. On August 21, 2015, we acquired all of the outstanding common stock of Wealth Management Systems Inc., a provider of technology-based rollover services, for cash consideration of $65.1 million , which includes a $1.1 million adjustment agreed upon in December 2015 to settle working capital under the provisions of the purchase agreement. A post-closing settlement amount of $0.2 million was received in January 2016, and is included in Other Assets on the Consolidated Balance Sheet at December 31, 2015. Wealth Management Systems Inc. automates the migration of assets from retirement plans to investment management platforms. We expect the acquisition to provide us with additional opportunities to expand rollover service options to new and existing customers and enhance our ongoing retirement and asset management strategies. The factors described above, combined with the synergies expected from combining our operations with each of the acquired entities and the resulting expansion of the service offerings available to our clients, are the basis for the acquisition prices paid resulting in $75.8 million of goodwill recorded, of which approximately $40.0 million is expected to be deductible for tax purposes. The transactions were accounted for using the acquisition method of accounting, with assets acquired, liabilities assumed, and consideration transferred recorded at their estimated fair values on the acquisition dates. The following table summarizes the aggregate acquisition-date fair value of the consideration transferred for the acquisitions of kasina LLC, Red Rocks Capital LLC, and Wealth Management Systems Inc. and the amounts recognized as of the acquisition date for the assets acquired and liabilities assumed (in millions): Consideration Cash paid $ 118.8 Fair value of contingent consideration 0.8 Fair value of total consideration transferred $ 119.6 Recognized amounts of identifiable assets acquired and liabilities assumed Cash and cash equivalents $ 1.6 Accounts receivable 4.2 Other current assets 0.2 Properties (1) 3.3 Intangible assets 49.5 Goodwill 75.8 Total assets 134.6 Accounts payable 0.2 Accrued compensation and benefits 0.4 Deferred revenue 5.5 Other current liabilities 0.7 Deferred income tax liabilities 8.2 Total liabilities 15.0 Net assets acquired $ 119.6 ____________________________________________________ (1) Includes $3.0 million of acquired software The following table summarizes the intangible assets acquired and estimated weighted average useful lives as of acquisition dates (in millions): Fair Value Weighted Average Useful Life Customer relationships $ 48.0 17 years Other 1.5 7 years $ 49.5 The operating results of kasina LLC, Red Rocks Capital LLC, and Wealth Management Systems Inc. were combined with our operating results subsequent to the acquisition dates. Approximately $10.4 million of revenues and $9.3 million of pretax losses of the acquired businesses are included in the Consolidated Statement of Income for the year ended December 31, 2015. Pro-forma results of operations, assuming these acquisitions were made at the beginning of the earliest period presented, have not been presented as the effect of these acquisitions are not material to our results. Sale of Business On November 30, 2014, we sold Global Solutions for cash consideration of $95.0 million , subject to customary working capital post-closing adjustments. Of the $95.0 million in proceeds received, $9.5 million was restricted for a period of eighteen months from the transaction, for purposes of payment of potential obligations that may arise based upon the terms and conditions of the sale agreement. The $9.5 million of restricted proceeds held in escrow was received by us during 2016. In addition, during 2015, we received cash proceeds of $7.9 million in settlement of the working capital post-closing adjustments. Operating revenue generated from the Global Solutions businesses sold was approximately $61.4 million for the year ended December 31, 2014. Operating income generated from the Global Solutions businesses sold was approximately $6.9 million for the year ended December 31, 2014. We recorded a pretax gain of $100.5 million on the sale of the business during 2014. Our pretax gain exceeded our sale proceeds primarily from the reclassification of cumulative translation adjustments due to the substantial liquidation of certain foreign entities, partially offset by transaction costs. The carrying value of the entities sold was minimal. Restructuring Initiatives As a result of changes in our business environment, from time to time we will restructure one or more of our businesses to enhance operational efficiency. During the year ended December 31, 2016, we incurred pretax restructuring charges related to employee termination costs of $9.9 million and lease termination costs of $0.5 million within the Financial Services segment. During the year ended December 31, 2015, we incurred $3.4 million of pretax charges related to employee termination costs as a result of a restructuring initiative within the Healthcare Services segment which includes the closure of an operating location at the end of the existing lease term in mid-2016. During the year ended December 31, 2014, the Financial Services segment incurred $8.5 million of pretax charges related to employee and lease termination costs for restructuring initiatives. The costs were comprised of employee termination costs of $8.3 million and lease termination costs of $0.2 million . These expenses have been included in Costs and expenses in the Consolidated Statement of Income. As of December 31, 2016, 2015 and 2014, we had a remaining liability of $0.6 million , $4.1 million and $6.4 million , respectively, associated with these restructuring activities.

Discontinued Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations On July 1, 2016, pursuant to the Purchase Agreement dated June 14, 2016, we completed the sale of our North American Customer Communications business for cash consideration of $410.7 million , after giving effect to a $0.7 million adjustment agreed upon in December 2016 to settle working capital and other matters under the terms of the agreement. We recorded an estimated pretax gain of $341.5 million on the sale during 2016, which has been presented as a component of discontinued operations. Included within the pretax gain was the unamortized deferred gain of approximately $39.9 million related to the sale and leaseback of our four North American Customer Communications’ production facilities for pretax proceeds totaling approximately $129.0 million in October 2015. Amortization expense, which was being recognized on a straight-line basis over the lease term, was approximately $1.5 million and $0.6 million for the years ended December 31, 2016 and 2015, respectively, and has been presented as a component of discontinued operations. Pursuant to the terms of the transaction, we will continue to provide certain information technology and operations processing activities to the North American Customer Communications business for an estimated period of 12 to 18 months following the transaction. Additionally, we will continue to incur costs for certain print related services provided by the disposed business for an estimated period of 3 to 5 years following the transaction. The information technology and operations processing activities we performed after the sale of the business resulted in approximately $8.8 million of continuing cash inflows from the business sold and the costs incurred for certain print related services provided by the business sold resulted in continuing cash outflows of approximately $19.9 million for the period from July 1, 2016 through December 31, 2016 . The revenues previously eliminated in consolidation that have continued post-transaction were approximately $19.3 million , $13.8 million and $15.9 million for the years ended December 31, 2016 , 2015 and 2014 , respectively. The expenses previously eliminated in consolidation that have continued post-transaction were approximately $34.8 million , $19.3 million and $36.8 million for the years ended December 31, 2016 , 2015 and 2014 , respectively. These revenues and expenses associated with these continued activities have been classified within continuing operations for all periods presented. The offsetting expenses and revenues previously recorded within Customer Communications and eliminated in consolidation have been reclassified to discontinued operations for all periods presented. Additionally, during the second quarter 2016, our Board of Directors approved a plan for management to pursue the divestiture of our United Kingdom Customer Communications business, which we anticipate will be completed within the required one year period. As a result of this significant shift in the strategic direction of our operations, we have classified the results of the businesses sold or being sold as discontinued operations in our Consolidated Statement of Income and Statement of Cash Flows for all periods presented. Additionally, the related assets and liabilities associated with the discontinued operations are classified as held for sale in our Consolidated Balance Sheet. The following table summarizes the assets and liabilities classified as held for sale in our Consolidated Balance Sheet (in millions): December 31, 2016 2015 Assets Cash and cash equivalents $ 4.0 $ 10.1 Accounts receivable 38.9 140.1 Investments — 0.3 Unconsolidated affiliates 0.2 0.3 Properties, net 9.9 64.6 Intangible assets, net 11.2 20.6 Goodwill — 24.8 Other assets 8.4 36.7 Total assets held for sale $ 72.6 $ 297.5 Liabilities Current portion of debt $ 0.4 $ — Accounts payable 13.2 33.7 Accrued compensation and benefits 3.8 26.7 Deferred revenues and gains 0.8 5.5 Long-term debt 1.7 — Income taxes payable 1.0 — Other liabilities 9.2 94.0 Total liabilities held for sale $ 30.1 $ 159.9 The following table summarizes the comparative financial results of discontinued operations which are presented as Income from discontinued operations, net of tax on our Consolidated Statement of Income (in millions): Year Ended December 31, 2016 2015 2014 Operating revenues $ 389.0 $ 608.0 $ 596.5 Out-of-pocket reimbursements 409.0 743.1 648.0 Total revenues 798.0 1,351.1 1,244.5 Costs and expenses 747.6 1,247.3 1,160.3 Depreciation and amortization (including goodwill impairment) 28.9 30.9 38.0 Operating income 21.5 72.9 46.2 Interest expense — (0.3 ) (0.3 ) Other income, net — — 0.4 Equity in earnings of unconsolidated affiliates 0.3 0.4 0.7 Net gain on business disposition 341.5 — — Income before income taxes 363.3 73.0 47.0 Income taxes 115.0 24.5 14.5 Income from discontinued operations, net of tax $ 248.3 $ 48.5 $ 32.5 In April 2016, we completed the sale of our U.K. Customer Communications’ Bristol production facilities for pretax proceeds totaling approximately $16.0 million . Concurrent with this sale, we leased back approximately two-thirds of the facilities under a 12 -year lease. The rent payments and associated rent expense of the Bristol production facilities are approximately $0.7 million per year over the 12 -year lease term. In February 2017, we updated our impairment analysis utilizing new information received (level 3 in the fair value hierarchy) regarding our U.K. Customer Communications business which indicated the carrying value exceeded the fair value of the business. As a result, we recorded an impairment charge of $17.0 million , which is included as a component of discontinued operations for the year ended December 31, 2016. The impairment resulted in the write-down of goodwill and long-lived assets of the business based on the estimated fair value. There was no tax benefit recognized for this impairment charge as it is not expected to be deductible for tax purposes. These amounts reflect management’s preliminary estimates and subsequent negotiations and the closing on any sale of this business could result in further adjustments to this impairment.

Investments

Investments	12 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Investments	Investments Investments are as follows (in millions): Carrying Value December 31, December 31, Available-for-sale securities: State Street Corporation $ 169.6 $ 144.8 Other available-for-sale securities 10.9 74.7 180.5 219.5 Other: Trading securities 7.9 14.8 Seed capital investments, at fair value 61.0 50.7 Cost method, private equity and other investments 128.0 133.2 196.9 198.7 Total investments $ 377.4 $ 418.2 Certain information related to our available-for-sale securities is as follows (in millions): December 31, 2016 2015 Book cost basis $ 28.4 $ 83.4 Gross unrealized gains 152.1 136.2 Gross unrealized losses — (0.1 ) Market value $ 180.5 $ 219.5 At December 31, 2016 and 2015 , our carrying value of available-for-sale investments was $180.5 million and $219.5 million , respectively, the majority of which was from the ownership of 2.2 million shares of State Street as of December 31, 2016 . State Street is a financial services corporation that provides investment servicing and investment management services and products to institutional investors. The aggregate market value of our investments in available-for-sale securities, including State Street’s common stock, presented above was based on the closing price on the New York Stock Exchange at the respective year end. Deferred tax liabilities associated with the available-for-sale investments were approximately $62.2 million and $54.8 million at December 31, 2016 and 2015 , respectively. During the years ended December 31, 2016 , 2015 and 2014 , we received $61.2 million , $303.5 million and $278.9 million , respectively, from the sale of investments in available-for-sale securities. Gross realized gains of $6.1 million , $175.1 million and $184.0 million and gross realized losses of $3.8 million , $6.7 million and $2.6 million , were recorded in 2016 , 2015 and 2014 , respectively, from the sale of available-for-sale securities. In addition, we recorded losses on available-for-sale securities of $0.2 million , $4.8 million and $2.3 million related to other-than-temporary investment impairments for the years ended December 31, 2016 , 2015 and 2014 , respectively. These gains and losses are included as a component of Other income, net in the Consolidated Statement of Income. The fair value and gross unrealized losses of securities in a continuous loss position at December 31, 2016 and 2015 were not significant. We consolidate the investments of open-end funds in which we own a controlling interest as a result of our seed capital investments. Seed capital investments of $61.0 million and $50.7 million at December 31, 2016 and 2015 , respectively, are comprised primarily of equity securities as well as $8.4 million and $10.8 million of cash collateral deposited with a broker for securities sold short at December 31, 2016 and 2015 , respectively. We are a limited partner in various private equity funds which are primarily accounted for using the cost method. Our involvement in the financing operations of the private equity fund investments is generally limited to our investments in the entities. At December 31, 2016 and 2015 , our carrying value of these private equity fund investments was approximately $111.2 million and $117.2 million , respectively. At December 31, 2016 , we had future capital commitments related to these private equity fund investments of approximately $3.8 million . Additionally, we have other investments with a carrying value of $16.8 million and $16.0 million at December 31, 2016 and 2015 , respectively. In 2014, we received cash dividends of $33.2 million from a cost method investment in a privately-held company. Following receipt of the dividend, we sold our remaining interest in the privately-held company, resulting in pre-tax cash proceeds and a related gain of $103.6 million . We record lower of cost or market valuation adjustments on private equity fund investments and other cost method investments when impairment conditions are present. During the year ended December 31, 2016 , we recorded no impairments on cost method investments. During the years ended December 31, 2015 and 2014 , we recorded $0.2 million and $2.2 million , respectively, of impairments on cost method investments related to adverse market conditions or poor performance of the underlying investment. As a result of the revised consolidation guidance, we determined that our investments in private equity funds meet the definition of a VIE; however, the private equity fund investments were not consolidated as we do not have the power to direct the entities’ most significant economic activities. The maximum risk of loss related to our private equity fund investments is limited to the carrying value of our investments in the entities plus any future capital commitments. At December 31, 2016 and 2015 , our maximum risk of loss associated with these VIE’s, which is comprised of our investment and required future capital commitments, was $115.0 million and $120.9 million , respectively.

Unconsolidated Affiliates

Unconsolidated Affiliates	12 Months Ended
	Dec. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]
Unconsolidated Affiliates	Unconsolidated Affiliates Unconsolidated affiliates are as follows (in millions): Carrying Value 2016 Ownership Percentage December 31, December 31, Unconsolidated affiliates: International Financial Data Services U.K. 50% $ 133.3 $ 124.3 International Financial Data Services L.P. 50% 73.2 75.2 Boston Financial Data Services, Inc. 50% 91.2 82.9 Other unconsolidated affiliates 33.5 29.8 Total $ 331.2 $ 312.2 IFDS U.K., IFDS L.P. and BFDS are joint ventures of the Company and State Street. IFDS U.K. provides processing for U.K. unit trusts and related products on a BPO, Remote and shared services basis. IFDS L.P., through its wholly-owned subsidiaries, provides shareowner accounting and recordkeeping to international markets, primarily Canada, Ireland and Luxembourg. In terms of operating revenues, IFDS U.K. was the third largest customer of the Financial Services Segment during the year ended December 31, 2016 . BFDS combines the use of the Company’s shareholder recordkeeping services with the marketing and custodial capabilities of State Street to provide BPO and shared-service shareowner accounting and recordkeeping services to mutual fund companies. BFDS also offers settlement administration services, teleservicing and full-service support for defined contribution plans using DST’s proprietary software. In terms of operating revenues, BFDS was the second largest customer of the Financial Services segment during 2016 , 2015 and 2014 . Our investments in other unconsolidated affiliates are primarily comprised of various joint ventures which own and lease real estate to our operating businesses as well as other third parties. One of these investments is a 50% ownership of Pershing Road Development Company, LLC, a limited special purpose real estate joint venture which leases approximately 1.1 million square feet of office space to the U.S. government. This investment has a zero carrying value at December 31, 2016 and 2015 as a result of losses incurred on an interest rate swap which is held by the joint venture. Equity in earnings of unconsolidated affiliates, is as follows (in millions): Year Ended December 31, 2016 2015 2014 International Financial Data Services U.K. $ 10.0 $ 22.5 $ 12.6 International Financial Data Services L.P. 2.2 7.4 6.5 Boston Financial Data Services, Inc. 8.3 5.3 5.1 Other unconsolidated affiliates 6.7 10.2 10.5 Total $ 27.2 $ 45.4 $ 34.7 Certain condensed financial information of our unconsolidated affiliates is presented below (in millions): Year Ended December 31, Income Statement Data: 2016 2015 2014 Revenues $ 1,248.6 $ 1,225.7 $ 1,247.3 Costs and expenses 1,192.4 1,132.7 1,188.2 Net income 56.2 93.0 59.1 December 31, Balance Sheet Data: 2016 2015 Current assets $ 570.2 $ 515.2 Noncurrent assets 823.8 823.5 Current liabilities 423.0 313.0 Noncurrent liabilities 396.6 444.0 Partners’ and stockholders’ equity 574.4 581.7 The following tables summarize related party transactions and balances outstanding with our unconsolidated affiliates (in millions): Year Ended December 31, 2016 2015 2014 Operating revenues from unconsolidated affiliates $ 138.5 $ 134.9 $ 135.1 Amounts paid to unconsolidated affiliates for products, services and leases* 36.8 27.3 23.8 Distributions received from unconsolidated affiliates 3.5 15.3 12.6 December 31, 2016 2015 Advances/Loans to unconsolidated affiliates $ 31.4 $ 6.4 Trade accounts receivable from unconsolidated affiliates 19.7 20.8 Total amounts receivable from unconsolidated affiliates $ 51.1 $ 27.2 Amounts payable to unconsolidated affiliates* $ 3.4 $ 5.0 _______________________________________________________________________ * Excludes amounts owed under or paid on the BFDS installment loan. See additional discussion of installment loan within Note 10 , Debt . On March 29, 2016, we and State Street each provided a subordinate loan of approximately $15.0 million to IFDS U.K. in which the principal plus accrued and unpaid interest is payable in full at maturity in March 2021. Additionally, we and State Street each provided an additional subordinate loan of approximately $13.0 million to IFDS U.K. on September 30, 2016. The principal plus accrued and unpaid interest is payable in full at maturity in September 2021. Subsequently, on February 27, 2017, DST provided an additional subordinate loan of approximately $12.5 million to IFDS U.K. in which the principal plus accrued and unpaid interest is payable in full at maturity in February 2022.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Authoritative accounting guidance on fair value measurements establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs for which little or no market data exists, therefore requiring an entity to develop its own assumptions. As of December 31, 2016 and 2015 , we held certain investment assets and liabilities that are required to be measured at fair value on a recurring basis. These investment assets include money market funds, available-for-sale equity securities and trading securities whereby fair value is determined using quoted prices in active markets. Accordingly, the fair value measurements of these investments have been classified as Level 1 in the table below. Fair value for deferred compensation liabilities that are credited with deemed gains or losses of the underlying hypothetical investments, primarily equity securities, has been classified as Level 1 in the tables below. In addition, we have interest rate and foreign currency derivative instruments that are required to be reported at fair value. Fair value for the derivative instruments was determined using inputs from quoted prices for similar assets and liabilities in active markets that are directly or indirectly observable. Accordingly, our derivative instruments have been classified as Level 2 in the tables below. The following tables present assets and liabilities measured at fair value on a recurring basis (in millions): Fair Value Measurements at Reporting Date Using December 31, Quoted prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Money market funds (1) $ 437.0 $ 437.0 $ — $ — Equity securities (2) 188.4 188.4 — — Seed capital investments (2) 61.0 61.0 — — Deferred compensation liabilities (3) (7.9 ) (7.9 ) — — Securities sold short (3) (8.2 ) (8.2 ) — — Derivative instruments (3) (0.4 ) — (0.4 ) — Total $ 669.9 $ 670.3 $ (0.4 ) $ — Fair Value Measurements at Reporting Date Using December 31, Quoted prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Money market funds (1) $ 210.1 $ 210.1 $ — $ — Equity securities (2) 234.3 234.3 — — Seed capital investments (2) 50.7 50.7 — — Deferred compensation liabilities (3) (14.8 ) (14.8 ) — — Securities sold short (3) (10.7 ) (10.7 ) — — Derivative instruments (3) (0.3 ) — (0.3 ) — Total $ 469.3 $ 469.6 $ (0.3 ) $ — _______________________________________________________________________ (1) Included in Cash and cash equivalents, Funds held on behalf of clients, and Other current assets on our Consolidated Balance Sheet. (2) Included in Investments on our Consolidated Balance Sheet. (3) Included in Other liabilities on our Consolidated Balance Sheet. At December 31, 2016 and 2015 , we held approximately $11.5 million and $6.1 million , respectively, of investments in pooled funds, which are measured using net asset value as a practical expedient for fair value and therefore excluded from the table above. The investments in pooled funds are included within the $128.0 million and $133.2 million of cost method, private equity and other investments at December 31, 2016 and 2015 , respectively, disclosed within Note 5 , Investments .

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment and related accumulated depreciation are as follows (in millions): December 31, 2016 2015 Land $ 34.2 $ 35.9 Buildings 160.3 181.5 Technology equipment 213.0 200.5 Software 508.2 489.4 Furniture, fixtures and other equipment 122.1 138.0 Leasehold improvements 76.4 72.2 Construction-in-progress 18.3 13.6 1,132.5 1,131.1 Less accumulated depreciation and amortization 896.8 874.4 Properties, net $ 235.7 $ 256.7 In December 2014, we entered into a transaction under which Industrial Revenue Bonds (“IRBs”) are issued by a municipality to finance the purchase and/or construction of certain real and personal property. Pursuant to the terms of the IRBs, we transferred title of certain fixed assets to the municipality. Tax benefits associated with the IRBs include a provision for a 10-year property tax abatement and sales tax exemption on the property financed with the proceeds of the IRBs. The municipality holds legal title to the bond financed assets and leases them to us subject to an option to purchase for nominal consideration, which we may exercise at any time. We are the bondholder as well as the lessee of the property purchased with the IRBs proceeds. We record the property on our Consolidated Balance Sheet as all risks and benefits remain with us, along with a capital lease obligation to repay the proceeds of the IRBs. Moreover, as holder of the bonds, we have the right to offset the amounts due under the leases with the amounts due to us from the bonds. Accordingly, no net debt associated with the IRBs is reflected in our Consolidated Balance Sheet. Upon maturity or redemption of the bonds, which is within our sole control, title to the leased property reverts back to us. At December 31, 2016 and 2015 , we held IRBs with an aggregate principal amount of $87.6 million and $73.2 million , respectively. At December 31, 2016 and 2015 , there was approximately $2.5 million and $11.8 million , respectively, of assets under capital lease, net of accumulated depreciation of $2.2 million and $10.7 million , respectively, included in the above table. Depreciation expense for the years ended December 31, 2016 , 2015 and 2014 , was $78.2 million , $77.6 million and $80.7 million , respectively. Included in software is $57.7 million of proprietary software acquired in business combinations. At both December 31, 2016 and 2015 , the net book value of this acquired software was $14.5 million . The following table summarizes software development costs for our proprietary systems and software products (in millions): Year Ended December 31, 2016 2015 2014 Capitalized software development costs $ 21.5 $ 23.3 $ 28.8 Amortization of capitalized software development costs 22.9 25.5 25.3 Non-capitalizable software development costs are included in costs and expenses and the amortization of capitalized software development costs are included in depreciation and amortization expense in the Consolidated Statement of Income.

Intangible Assets and Goodwill

Intangible Assets and Goodwill	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	Intangible Assets and Goodwill Intangible Assets The following table summarizes intangible assets (in millions): December 31, 2016 December 31, 2015 Carrying Amount Accumulated Amortization Carrying Amount Accumulated Amortization Amortizable intangible assets Customer relationships $ 203.6 $ 71.0 $ 181.1 $ 57.5 Other 28.5 18.5 27.6 15.4 Total $ 232.1 $ 89.5 $ 208.7 $ 72.9 Amortization expense of intangible assets for the years ended December 31, 2016 , 2015 and 2014 was $16.6 million , $12.5 million and $11.2 million , respectively. Annual amortization for intangible assets recorded as of December 31, 2016 is estimated to be (in millions): 2017 $ 16.8 2018 16.6 2019 15.5 2020 13.1 2021 12.7 Thereafter 67.9 Total $ 142.6 Goodwill The following tables summarize the changes in the carrying amount of goodwill for the years ended December 31, 2016 and 2015 , by segment (in millions): December 31, 2015 Acquisitions Impairments Other December 31, 2016 Financial Services $ 303.3 $ 61.0 $ — $ (2.9 ) $ 361.4 Healthcare Services 155.0 — — — 155.0 Total $ 458.3 $ 61.0 $ — $ (2.9 ) $ 516.4 December 31, 2014 Acquisitions Impairments Other December 31, 2015 Financial Services $ 234.6 $ 75.8 $ — $ (7.1 ) $ 303.3 Healthcare Services 155.0 — — — 155.0 Total $ 389.6 $ 75.8 $ — $ (7.1 ) $ 458.3 We test goodwill for impairment on an annual basis as of October 1 and at other times if a significant change in circumstances indicates it is more likely than not that the fair value of these assets has been reduced. The valuation of goodwill requires assumptions and estimates of many critical factors, including revenue and market growth, operating cash flows, market multiples and discount rates. Our 2016 annual goodwill impairment test determined that the estimated fair value of each of our reporting units substantially exceeds the carrying value of the reporting units. Due to the new segment reporting effective as of January 1, 2015, goodwill of approximately $6.7 million was reallocated to the Financial Services segment from the former Customer Communications segment based on the relative fair values of the businesses transfered. As mentioned in Note 1 , Description of Business , we completed the sale of our North American Customer Communications business and announced our intent to dispose of our United Kingdom Customer Communications business during 2016. As a result, the Customer Communications segment has been reported as discontinued operations. Prior period amounts above have been revised to reflect the reallocated goodwill.

Debt

Debt	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Debt	Debt The Company is obligated under notes and other indebtedness as follows (in millions): December 31, 2016 2015 Accounts receivable securitization program $ 103.2 $ — Revolving credit facilities 75.0 226.1 Senior notes 330.0 330.0 Related party credit agreements — 1.5 Other indebtedness, net of unamortized debt issuance costs — 4.5 508.2 562.1 Less current portion of debt 208.5 5.6 Long-term debt $ 299.7 $ 556.5 Accounts receivable securitization program We securitize certain of our domestic accounts receivable through an accounts receivable securitization program with a third-party bank. The maximum amount that can be outstanding under this program is $150.0 million . The facility matures in May 2018, unless renewed. As a result of the sale of the North American Customer Communications business, it was removed from the accounts receivable securitization program resulting in a reduction in the receivables eligible to be borrowed against in 2016. Under the terms of the accounts receivable securitization program, (a) we periodically acquire accounts receivable originated by certain of our domestic subsidiaries, including, but not limited to, DST Health Solutions, DST Technologies and Argus Health Systems (the “Subsidiary Originators”), (b) we transfer receivables originated by us and receivables acquired from the Subsidiary Originators, on a periodic basis, to a wholly-owned bankruptcy remote special purpose subsidiary of DST (the “SPE”), and (c) the SPE then sells undivided interests in the receivables to the bank. We retain servicing responsibility over the receivables. The program contains customary restrictive covenants as well as customary events of default. We have continuing involvement with the transferred assets because we maintain servicing responsibilities for the accounts receivable assets included in the accounts receivable securitization program. Accounts receivable assets transferred from us to our wholly-owned, bankruptcy remote special purpose subsidiary contain restrictions because they are not available to satisfy the creditors of any other person, including DST or any of our subsidiaries or affiliates. Further, neither we nor the SPE guarantees collectibility of the receivables or the creditworthiness of obligors. The SPE retains an interest in the receivables in excess of the amount transferred to the conduit, and such receivables continue to be recognized on the Consolidated Balance Sheet. The carrying value of the retained interest approximates its estimated fair value at the balance sheet date. We believe increases in the level of assumed interest rates and/or credit losses compared to assumptions in effect at the balance sheet date by 10% or 20% would not materially affect the fair value of the retained interest at the reporting date. The outstanding amount under the program was $103.2 million at December 31, 2016 . There was no outstanding amount under the program at December 31, 2015 . During the years ended December 31, 2016 , 2015 and 2014 total proceeds from the accounts receivable securitization program were approximately $895.5 million , $1,037.7 million and $1,024.7 million , respectively, and total repayments were approximately $792.3 million , $1,157.7 million and $1,054.7 million , respectively, which comprise the net cash flow in the financing section of the Consolidated Statement of Cash Flows. Aggregate transfers of undivided interests in the receivables from the SPE to the bank were $1,459.9 million and $1,807.2 million for the years ended December 31, 2016 and 2015 , respectively. The impact on net income stemming from these transfers was not material. Costs associated with the accounts receivable securitization program are included in interest expense on the Consolidated Statement of Income. The program costs applicable to the outstanding amount of undivided interests in the receivables are generally based on LIBOR plus an applicable margin. Revolving credit facilities On October 1, 2014, we entered into a new syndicated credit facility (“Credit Facility”). The Credit Facility provides for a revolving unsecured line in an aggregate principal amount of up to $850.0 million . The interest rates applicable to loans under the Credit Facility are generally based on Eurodollar, Federal Funds or prime rates plus applicable margins as defined in the agreement. The Credit Facility contains grid schedules that adjust borrowing costs up or down based upon our consolidated leverage ratio. The grid schedules may result in fluctuations in borrowing costs ranging from 1.00% to 1.70% over Eurodollar and 0.00% to 0.70% over base rate , as defined. Additionally, we pay an annual facility fee of 0.125% to 0.30% . Among other provisions, the Credit Facility requires certain leverage and interest coverage ratios to be maintained. If any event of default occurs and is continuing, all amounts payable under the credit agreement may be declared immediately due and payable. The Credit Facility also contains customary restrictive covenants and cross-default provisions. The maturity date for the Credit Facility is October 1, 2019. Amounts borrowed on the Credit Facility were $75.0 million and $226.1 million at December 31, 2016 and 2015 , respectively. We have various unsecured revolving lines of credit to support our consolidated subsidiaries’ operations that provide total borrowings of up to $25.0 million . Borrowings on these lines of credit are available at variable rates of interest based on the LIBOR or the bank’s Prime rate and mature during 2017. At December 31, 2016 and 2015 , there were no borrowings under any of these lines of credit. During the years ended December 31, 2016 , 2015 and 2014 , total proceeds from our revolving credit facilities were approximately $977.1 million , $1,053.6 million and $929.8 million , respectively, and total repayments were approximately $1,128.2 million , $871.8 million and $895.9 million respectively, which comprise the net cash flows presented within the financing section of the Consolidated Statement of Cash Flows. Senior notes During 2010, we issued $370.0 million of aggregate principal of privately placed senior notes (collectively, the “Senior Notes”) pursuant to a note purchase agreement dated August 9, 2010 (the “Agreement”). The Senior Notes are comprised of $40.0 million of 4.19% Series A Senior Notes due August 9, 2015, $105.0 million of 4.86% Series B Senior Notes due August 9, 2017, $65.0 million of 5.06% Series C Senior Notes due August 9, 2018 and $160.0 million of 5.42% Series D Senior Notes due August 9, 2020. We repaid the Series A Senior Notes at maturity during 2015. Interest on the Senior Notes is payable semi-annually in February and August of each year. We may prepay the Senior Notes at any time, in an amount not less than 10% of the aggregate principal amount of the Senior Notes then outstanding, at a price equal to 100% of the principal amount being prepaid, plus accrued and unpaid interest and a “make-whole” prepayment premium. Pursuant to the Agreement, any Company subsidiary required to become a party to or otherwise guarantee the syndicated line of credit facility or other indebtedness in excess of $100.0 million , must also guarantee our obligations under the Senior Notes. The Agreement contains customary restrictive covenants, as well as certain customary events of default, including cross-default provisions. Among other provisions, the Agreement limits our ability to incur or create liens, sell assets, issue priority indebtedness and change lines of business. The Agreement also requires certain leverage and interest coverage ratios to be maintained. Related party credit agreements We acquired certain intangible assets in 2011 from BFDS in exchange for an installment loan that was payable over five years. The loan was repaid during 2016. The amount outstanding at December 31, 2015 was $1.5 million . Other indebtedness We had other indebtedness, which was primarily comprised of debt assumed in a 2006 business acquisition. The debt assumed was repaid during 2016. The amount outstanding at December 31, 2015 was $3.4 million and was payable in monthly installments with a fixed interest rate of 5.6% . Future principal payments of indebtedness at December 31, 2016 are as follows (in millions): 2017 $ 208.5 2018 65.0 2019 75.0 2020 160.0 Total $ 508.5 The weighted average interest rates on our short-term borrowings were 2.36% and 1.67% for the years ended December 31, 2016 and 2015 , respectively. Based upon the borrowing rates currently available to us for indebtedness with similar terms and average maturities, the carrying value of long-term debt, with the exception of the Senior Notes, is considered to approximate fair value at December 31, 2016 and 2015 . The estimated fair value of the Senior Notes was derived principally from quoted prices (level 2 in the fair value hierarchy). The carrying and fair value of the Senior Notes were as follows (in millions): December 31, 2016 2015 Carrying Value Estimated Fair Value Carrying Estimated Senior notes—Series B 105.0 106.7 105.0 108.5 Senior notes—Series C 65.0 67.5 65.0 68.2 Senior notes—Series D 160.0 172.1 160.0 172.8 Total $ 330.0 $ 346.3 $ 330.0 $ 349.5

Hedging Transactions and Deriva

Hedging Transactions and Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Hedging Transactions and Derivative Financial Instruments	Hedging Transactions and Derivative Financial Instruments We are directly and indirectly affected by changes in certain market conditions. When determined appropriate, we use derivative instruments as a risk management tool to mitigate the potential impact of certain market risks. The primary market risks managed by us through the use of derivative instruments are foreign currency exchange rate risk and interest rate risk. We may use various types of derivative instruments including, but not limited to, forward contracts, option contracts and swaps. We do not enter into derivative arrangements for speculative purposes. We determine the fair values of our derivatives based on quoted market prices that are directly or indirectly observable as further described within Note 7 , Fair Value Measurements . The fair value of our derivative instruments is reflected on a gross, rather than net, basis and is not significant to the consolidated financial statements as of December 31, 2016 or 2015 . Cash flow hedging strategy We use cash flow hedges to minimize the variability in cash flows of assets or liabilities or forecasted transactions caused by fluctuations in foreign currency exchange rates or interest rates. The changes in the fair values of derivatives designated as cash flow hedges are recorded in Accumulated Other Comprehensive Income (“AOCI”) and are reclassified into the line item in the Consolidated Statement of Income in which the hedged items are recorded in the same period the hedged items affect earnings. The changes in fair values of hedges that are determined to be ineffective are immediately reclassified from AOCI into earnings. The length of time for which we hedge our exposure to future cash flows is typically one to two years. We have entered into a foreign currency cash flow hedging program to reduce the risk that our net cash outflows from intercompany purchases of services from our international subsidiaries could be adversely affected by fluctuations in foreign currency exchange rates. We entered into forward foreign currency contracts (Thai baht) to hedge certain portions of forecasted cash flows denominated in foreign currencies. The total notional values of derivatives that were designated and qualified for our foreign currency cash flow hedging program were $14.3 million and $13.5 million as of December 31, 2016 and 2015 , respectively. We monitor the mix of short-term debt and long-term debt regularly. From time to time, we manage our risk to interest rate fluctuations through the use of derivative financial instruments. We have not entered into interest rate swap agreements during the years ended December 31, 2016 and 2015 . The pretax impact that changes in the fair values of derivatives designated as cash flow hedges had on AOCI and earnings was not significant during the years ended December 31, 2016 , 2015 , and 2014 . There were no gains or losses recognized into income as a result of hedge ineffectiveness during the years ended December 31, 2016 , 2015 or 2014 . As of December 31, 2016 , we estimate that amounts to be reclassified into earnings during the next 12 months are $0.1 million . Economic (nondesignated) hedging strategy In addition to derivative instruments that are designated and qualify for hedge accounting, we also use certain derivatives as economic hedges of foreign currency exposure. Although these derivatives were not designated for hedge accounting, they are effective economic hedges. The changes in fair values of economic hedges are immediately recognized into earnings. We use foreign currency economic hedges to offset the earnings impact that fluctuations in foreign currency exchange rates have on certain intercompany loans denominated in nonfunctional currencies, primarily the British pound and Australian dollar. The foreign currency economic hedging program consists of rolling, monthly forward foreign currency contracts which settle on the last day of each month. As a result, there are minimal unrealized gains or losses at the end of the period related to these contracts. The total notional values of derivatives related to our foreign currency economic hedges were $91.6 million and $125.4 million as of December 31, 2016 and 2015 , respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Deferred tax assets and liabilities are determined based on the differences between the financial statement and tax bases of assets and liabilities as measured by the enacted tax rates that are expected to be in effect when these differences reverse. Deferred tax expense (benefit) is generally the result of changes in the assets or liabilities for deferred taxes. The following summarizes pretax income from continuing operations (in millions): Year Ended December 31, 2016 2015 2014 U.S. $ 248.2 $ 451.9 $ 627.9 International 31.0 6.9 116.8 Total $ 279.2 $ 458.8 $ 744.7 Provision for income taxes (benefits) from continuing operations consists of the following components (in millions): Year Ended December 31, 2016 2015 2014 Current Federal $ 57.7 $ 147.4 $ 207.8 State and local 11.4 10.2 (23.8 ) International 15.0 7.1 (1.5 ) Total current 84.1 164.7 182.5 Deferred Federal 19.9 (13.5 ) 5.3 State and local (1.9 ) 0.5 (1.3 ) International (1.0 ) (2.5 ) (2.6 ) Total deferred 17.0 (15.5 ) 1.4 Total provision for income taxes $ 101.1 $ 149.2 $ 183.9 Following are the reconciliations of our effective income tax rates and the U.S. federal income tax statutory rate (in millions): Year Ended December 31, 2016 2015 2014 Provision for income taxes using the statutory rate in effect $ 97.7 $ 160.6 $ 260.7 Tax effect of: State and local income taxes, net 5.9 4.3 8.6 International income taxes, net 2.5 (1.0 ) (1.9 ) Gain on sale of DST Global Solutions Ltd. — — (33.6 ) Earnings of U.S. unconsolidated affiliates (2.3 ) (1.5 ) (1.4 ) Valuation allowance (reversal), net (0.9 ) 1.2 0.8 Tax credits (5.0 ) (7.7 ) (7.9 ) Uncertain tax positions (reversal), net 1.7 (7.9 ) (30.8 ) Dividend received deduction (0.8 ) (1.2 ) (2.6 ) Domestic production activities deduction (1.7 ) (0.1 ) (3.1 ) Repatriation 1.0 1.9 0.7 Gain on share repurchase — — (6.3 ) Other 3.0 0.6 0.7 Total provision for income taxes $ 101.1 $ 149.2 $ 183.9 Effective tax rate 36.2 % 32.5 % 24.7 % Statutory federal tax rate 35.0 % 35.0 % 35.0 % The federal and state deferred tax assets (liabilities) recorded on the Consolidated Balance Sheet are as follows (in millions): December 31, 2016 2015 Liabilities: Deferred cancellation of debt income $ (36.4 ) $ (55.4 ) Investments in available-for-sale securities (62.2 ) (54.8 ) Unconsolidated affiliates and investments (27.9 ) (9.7 ) Accumulated depreciation and amortization (65.3 ) (41.8 ) Prepaid expenses (5.5 ) (8.1 ) Total deferred tax liabilities (197.3 ) (169.8 ) Assets: Deferred compensation and other employee benefits 23.2 36.4 Net operating loss 8.5 12.8 Accrued liabilities 26.9 30.8 Other 1.4 3.1 Total deferred tax assets 60.0 83.1 Valuation allowance (6.0 ) (10.5 ) Net deferred tax liability $ (143.3 ) $ (97.2 ) We have approximately $10.8 million of federal net operating losses as of December 31, 2016 as a result of prior year business combinations. These net operating losses begin to expire in 2028 and are available to reduce future income taxes. Since these net operating losses were generated by an entity prior to its acquisition by DST, our utilization is subject to certain limitations imposed by the Internal Revenue Code. We do not anticipate that such limitations will prohibit the utilization of the federal net operating loss carryforwards prior to their expiration. We have approximately $49.5 million of state net operating losses as of December 31, 2016 . These net operating losses begin to expire in 2023. We have approximately $0.7 million and $9.3 million of net operating loss carryforwards as of December 31, 2016 in Canada and the U.K., respectively. The Canada carryforwards begin to expire in 2032. The U.K. carryforwards do not expire but their utilization may be limited to offset only income with certain characteristics. A valuation allowance is recorded against deferred tax assets if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. In evaluating the realizability of certain international net deferred tax assets, we also anticipate that limitations may result in the benefit of these amounts not being realized and have established corresponding valuation allowances as of December 31, 2016 and 2015 of $5.7 million and $10.5 million , respectively. In evaluating certain state net operating losses, we anticipate that limitations may result in the benefit of these amounts not being realized and have established a corresponding valuation allowance of $0.3 million as of December 31, 2016 . We provide deferred taxes for unremitted earnings of U.S. unconsolidated affiliates net of the 80% dividends received deduction provided for under current tax law. Through December 31, 2016 , the cumulative amount of such unremitted earnings was $91.9 million . These amounts would become taxable to us if distributed by the affiliates as dividends, in which case we would be entitled to the dividends received deduction for 80% of the dividends; alternatively, these earnings could be realized by the sale of the affiliates’ stock, which would give rise to tax at federal capital gains rates and state ordinary income tax rates, to the extent the stock sale proceeds exceeded our tax basis. Deferred taxes provided on unremitted earnings through December 31, 2016 and 2015 were $6.5 million and $6.0 million , respectively. We record U.S. tax on the undistributed earnings of foreign subsidiaries unless the subsidiaries’ earnings are considered indefinitely reinvested outside the U.S. Distributions in 2016 , 2015 , and 2014 resulted in incremental taxes of $1.0 million , $1.9 million and $0.7 million , respectively. We recorded approximately $2.6 million and $2.7 million of related income tax liability, net of credits, on unremitted earnings in 2016 and 2015 , respectively. We intend to indefinitely reinvest the earnings in the businesses of our other foreign subsidiaries. As a consequence, no federal or state income taxes or foreign withholding taxes have been provided for amounts which would become payable, if any, on the distribution of such earnings. In the event of such a distribution, we may be able to offset, at least in part, the U.S. federal income tax consequences of such a distribution with foreign income tax credits which would become creditable as a result of such a distribution. Due to the uncertainty of the manner in which the undistributed earnings would be brought back to the U.S., the tax laws in effect at that time, as well as the ability of the Company to claim foreign tax credits, it is not practicable for us to determine the income tax we would incur, if any, if such earnings were distributed. As of December 31, 2016 , accumulated undistributed earnings considered permanently reinvested were $113.6 million , which is inclusive of discontinued operations. A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows (in millions): Year Ended December 31, 2016 2015 2014 Balance at beginning of year $ 60.3 $ 69.8 $ 102.2 Additions based on tax positions related to the current year 3.5 9.0 15.1 Additions for tax positions of prior years 2.7 2.2 0.9 Reductions for tax positions of prior years (7.7 ) (19.5 ) (17.6 ) Settlements (1.2 ) (0.4 ) — Statute expirations — (0.8 ) (30.8 ) Balance at end of year $ 57.6 $ 60.3 $ 69.8 Included in the net unrecognized tax benefit at December 31, 2016 , 2015 and 2014 were $40.9 million , $42.0 million and $51.8 million , respectively, of tax positions which, if recognized, would affect the effective tax rate. We recognize interest and penalties accrued related to unrecognized tax benefits in income taxes, which is consistent with the recognition of these items in prior reporting periods. The liability for interest and penalties associated with unrecognized tax benefits decreased $1.1 million during the year ended December 31, 2016 to $10.4 million . The liability for interest and penalties increased $2.1 million during the year ended December 31, 2015 . Although it is difficult to predict when all uncertain tax positions will reverse due to the unknown timing of the completion of examination periods, it is possible that aggregate income tax amounts of approximately $10.0 million to $13.0 million may reverse during 2017. We file income tax returns in the U.S. federal jurisdiction, and various state and foreign jurisdictions. An IRS examination for the tax year ended December 31, 2010 was completed in September 2015. Federal tax years 2011 through 2016 are subject to examination while various years from 2007 through 2016 are under or are subject to various state, local, and foreign income tax examinations by taxing authorities. We do not believe that the outcome of any examination will have a material impact on our financial statements. During 2015, the IRS completed its examination of the previously filed federal income tax refund claims for Domestic Manufacturing Deductions, research and experimentation credits and capital losses for the period 2010. As a result, during 2015 we recognized income tax benefits of $11.9 million , resulting from the reversal of previously reserved tax positions related to these matters as well as other remeasurements during the period. An IRS examination for the tax year ended December 31, 2014 is expected to begin during 2017.

Equity

Equity	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Equity	Equity Earnings per share The computation of basic and diluted earnings per share is as follows (in millions, except per share amounts): Year Ended December 31, 2016 2015 2014 Income from continuing operations attributable to DST Systems, Inc. $ 179.0 $ 309.7 $ 560.8 Income from discontinued operations, net of tax 248.3 48.5 32.5 Net income attributable to DST Systems, Inc. $ 427.3 $ 358.2 $ 593.3 Weighted average common shares outstanding 33.0 36.0 40.0 Incremental shares from restricted stock units and stock options 0.3 0.4 0.5 Weighted average diluted shares outstanding 33.3 36.4 40.5 Basic earnings per share Continuing operations attributable to DST Systems, Inc. $ 5.43 $ 8.60 $ 14.01 Discontinued operations 7.53 1.35 0.81 Basic earnings per share $ 12.96 $ 9.95 $ 14.82 Diluted earnings per share Continuing operations attributable to DST Systems, Inc. $ 5.37 $ 8.50 $ 13.86 Discontinued operations 7.45 1.33 0.80 Diluted earnings per share $ 12.82 $ 9.83 $ 14.66 We had approximately 32.0 million and 34.3 million shares outstanding at December 31, 2016 and 2015 , respectively. There were no shares from options to purchase common stock excluded from the diluted earnings per share calculation because they were anti-dilutive for the years ended December 31, 2016 and 2015 . We have authorized 10.0 million shares of preferred stock, of which no shares are currently issued or outstanding. Other comprehensive income (loss) AOCI balances, net of tax consist of the following (in millions): Unrealized Gains on Available-for-Sale Securities Unrealized Loss on Cash Flow Hedges Foreign Currency Translation Adjustments Accumulated Other Comprehensive Income Balance, December 31, 2014 $ 207.2 $ (0.3 ) $ (20.0 ) $ 186.9 Net current period other comprehensive income (loss) (123.2 ) 0.2 (22.0 ) (145.0 ) Balance, December 31, 2015 84.0 (0.1 ) (42.0 ) 41.9 Net current period other comprehensive income (loss) 10.1 — (35.4 ) (25.3 ) Balance, December 31, 2016 $ 94.1 $ (0.1 ) $ (77.4 ) $ 16.6 Additions to and reclassifications out of AOCI attributable to the Company (in millions): Year Ended December 31, 2016 2015 2014 Pretax Net of Tax Pretax Net of Tax Pretax Net of Tax Available-for-sale securities: Unrealized gains (losses) on available-for-sale securities $ 18.1 $ 11.4 $ (35.6 ) $ (21.8 ) $ 28.1 $ 15.7 Reclassification of gains into net earnings on available-for-sale securities (1) (2.1 ) (1.3 ) (163.5 ) (101.4 ) (179.1 ) (109.3 ) Net change in available-for-sale securities 16.0 10.1 (199.1 ) (123.2 ) (151.0 ) (93.6 ) Cash flow hedges: Unrealized gains (losses) on cash flow hedges 0.1 — 0.4 0.4 0.2 0.1 Reclassification of losses (gains) into net earnings on foreign currency cash flow hedges (2) — — (0.5 ) (0.3 ) 0.2 0.1 Reclassification of losses into net earnings on interest rate cash flow hedges (3) — — 0.2 0.1 0.1 — Net change in cash flow hedges 0.1 — 0.1 0.2 0.5 0.2 Cumulative translation adjustments: Reclassification into net earnings upon liquidation of foreign entities (4) (0.5 ) (0.5 ) — — (41.9 ) (41.9 ) Current period translation adjustments (34.9 ) (34.9 ) (22.0 ) (22.0 ) 14.0 14.0 Net cumulative translation adjustments (35.4 ) (35.4 ) (22.0 ) (22.0 ) (27.9 ) (27.9 ) Total other comprehensive loss $ (19.3 ) $ (25.3 ) $ (221.0 ) $ (145.0 ) $ (178.4 ) $ (121.3 ) _______________________________________________________________________ (1) Realized (gains)/losses on available-for-sale securities are recognized in Other income, net. (2) Reclassification to net earnings of derivatives qualifying as effective foreign currency cash flow hedges are recognized in Costs and expenses. (3) Reclassification to net earnings of derivatives qualifying as effective interest rate cash flow hedges are recognized in Interest expense. (4) Reclassification upon liquidation of foreign entities are recognized in Gain on sale of business or Income from discontinued operations, net of tax. One of our unconsolidated affiliates has an interest rate swap liability with a fair market value of $33.1 million , $44.7 million and $50.2 million at December 31, 2016 , 2015 and 2014 , respectively. The unconsolidated affiliate used inputs from quoted prices for similar assets and liabilities in active markets that are directly or indirectly observable relating to the measurement of the interest rate swap. Our 50% proportionate share of this interest rate swap liability was $16.5 million , $22.4 million and $25.1 million at December 31, 2016 , 2015 and 2014 , respectively. We record in investments and AOCI our proportionate share of this liability in an amount not to exceed the carrying value of our investment in this unconsolidated affiliate. Because the carrying value of this unconsolidated affiliate investment balance was zero at both December 31, 2016 and 2015 , no interest rate swap liability or change in AOCI was recorded. Stock repurchases and retirements On June 13, 2016, our Board of Directors authorized a new $300.0 million share repurchase plan, which allows, but does not require, the repurchase of common stock in open market and private transactions. The plan does not have an expiration date. We repurchased 2.7 million shares of our common stock for $300.0 million during the year ended December 31, 2016 , which exhausted our prior share repurchase plan. Subsequently, during January and February 2017, we repurchased an additional 0.7 million shares of our common stock for $75.0 million which left approximately $75.0 million remaining under our existing share repurchase plan authorized in 2016 . Under previous share repurchase plans, we expended $400.0 million for approximately 3.6 million shares and $200.0 million for approximately 2.2 million shares during the years ended December 31, 2015 and 2014 , respectively. As of March 23, 2014, the Argyros Group beneficially owned 9.2 million shares or approximately 22% of DST common shares. During March 2014, we entered into an agreement under which we agreed to a two-step process to assist Argyros with the disposition of a substantial portion of their common stock ownership in DST. To implement Argyros’ disposition, we facilitated the May 2014 registered, secondary common stock offering of $450.0 million (before any overallotment option) of DST common stock beneficially owned by Argyros. Concurrent with the closing of the secondary offering and based upon a price determined in the secondary offering, we repurchased, and simultaneously retired, 2.4 million shares of our common stock from Argyros for $200.0 million . In connection with this share repurchase, we recorded a non-cash gain of $18.1 million during 2014 resulting from the change in stock price between the date the share repurchase price became fixed and the settlement date. The retirement of the shares during 2014 reduced Common stock by $0.1 million , Additional paid-in capital by $4.8 million and Retained earnings by $213.2 million within the Consolidated Balance Sheet. Additionally, we retired 42.9 million shares of treasury stock for $2,520.5 million on October 31, 2014. The retirement of the shares during 2014 reduced Common stock by $0.4 million , Additional paid-in capital by $93.5 million and Retained earnings by $2,426.6 million . Shares received in exchange for tax withholding obligations and payment of the exercise price arising from the exercise of options to purchase our stock or from the vesting of equity awards are included in common stock repurchased in the Consolidated Statement of Cash Flows. The amounts of such share withholdings and exchanges were $15.8 million , $5.3 million and $6.4 million during the years ended December 31, 2016 , 2015 and 2014 , respectively. We had 18.0 million and 15.7 million shares of common stock held in treasury at December 31, 2016 and 2015 , respectively. Dividends In 2016 , 2015 and 2014 , we paid cash dividends per common share of $1.32 , $1.20 and $1.20 , respectively. The total dividends paid for the years ended December 31, 2016 , 2015 and 2014 were $44.7 million , $44.5 million and $48.3 million , respectively. The cash paid for dividends in 2016 , 2015 and 2014 was $43.4 million , $43.1 million , and $47.6 million , respectively. The remaining amount of the dividends represent dividend equivalent shares of restricted stock units in lieu of the cash dividend. On January 25, 2017 , our Board of Directors declared a quarterly cash dividend of $0.35 per share on our common stock, payable on March 10, 2017 , to shareholders of record at the close of business on February 24, 2017 . Share-based compensation The DST Systems, Inc. 2015 Equity and Incentive Plan (the “Employee Plan”) became effective on May 12, 2015. The Employee Plan amends, restates, and renames the DST Systems, Inc. 2005 Equity Incentive Plan in order to, among other things, combine (for all future grants) the DST Systems, Inc. 2005 Non-Employee Directors’ Award Plan (the “Directors’ Plan”) with the Employee Plan. The term of the Employee Plan, subject to the right of the Board of Directors to amend or terminate the Employee Plan at any time, is from May 12, 2015 until the earlier of May 11, 2025 or the date on which all shares subject to the Employee Plan have been delivered and the restrictions on all awards granted under the plan have lapsed, according to the Employee Plan’s provisions. All awards granted pursuant to the Directors’ Plan before May 9, 2015 remain subject to the terms and conditions of the Directors’ Plan. We have outstanding share awards (primarily in the form of stock options and restricted stock) under each of the plans. The Employee Plan has been approved by our Board of Directors and shareholders. The number of shares of common stock reserved for delivery under the Employee Plan, subject to certain limitations and adjustments, is the sum of (a) 2.6 million shares, plus (b) any shares required to satisfy substitute awards, as defined by the Employee Plan. If any shares subject to an award granted after May 12, 2015 are forfeited or such awards terminate or lapse without the delivery of such shares, those shares shall become available for grant under the Employee Plan. As of December 31, 2016 , approximately 2.1 million shares were available under the Employee Plan. The Employee Plan provides for the availability of shares of our common stock for the grant of awards to employees, consultants and non-employee directors of the Company, its consolidated subsidiaries, and its unconsolidated affiliates and joint ventures. Awards under the Employee Plan may take the form of shares, dividend equivalents, options, stock appreciation rights, performance units, restricted stock, restricted stock units, annual incentive awards, service awards and substitute awards (each as defined in the plan). Options under the Employee Plan vest and generally become fully exercisable over three years of continued employment, depending upon the grant type. The fair value of each option grant is estimated on the date of grant using a Black-Scholes option pricing model. There were no stock options granted or canceled during 2016 , 2015 or 2014 . All outstanding options were fully vested at December 31, 2016 and 2015 . The total aggregate intrinsic values of options exercised for all plans during the years ended December 31, 2016 , 2015 and 2014 were $5.8 million , $15.4 million and $13.1 million , respectively. A summary of stock option activity is presented in the table below (shares in millions): Options Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in millions) Outstanding at December 31, 2015 0.4 $ 45.67 Exercised (0.1 ) 46.73 $ 5.8 Outstanding at December 31, 2016 0.3 45.41 3.9 Exercisable at December 31, 2016 0.3 $ 45.41 3.9 Grants of restricted stock may consist of restricted stock awards (“RSAs”), restricted stock units (“RSUs”) or performance-based stock units (“PSUs”). Grants of restricted stock are valued at the date of grant based on the value of DST’s common stock and are expensed using the straight-line method over the service period or, in the case of performance based vesting awards, over the expected period to achieve the required performance criteria. Except for restrictions placed on the transferability of the restricted stock, holders of RSAs have full stockholders’ rights during the term of restriction, including voting rights and the right to receive cash dividends, if any. Grants of RSUs do not confer full stockholder rights such as voting rights and cash dividends, but provide for additional dividend equivalent RSU awards in lieu of cash dividends. Unvested shares of restricted stock may be forfeited upon termination of employment with the Company depending on the circumstances of the termination, or failure to achieve the required performance condition, if applicable. Included in the non-vested outstanding restricted stock at December 31, 2016 are approximately 0.2 million of restricted stock that contain service features and 0.7 million that contain performance features. Management judgment is required to estimate amortization expense during the service period associated with awards containing performance features. A summary of the status of non-vested restricted stock as of December 31, 2016 , and changes during the year is presented in the table below (shares in millions): Non-vested Restricted Stock Shares Weighted Average Grant Date Fair Value Non-vested at December 31, 2015 0.9 $ 91.32 Granted 0.5 107.49 Vested (0.4 ) 81.54 Forfeited (0.1 ) 84.19 Non-vested at December 31, 2016 0.9 $ 104.76 The fair value of restricted stock which vested during the years ended December 31, 2016 , 2015 and 2014 was $30.2 million , $9.6 million and $9.7 million , respectively. At December 31, 2016 , we had $66.6 million of total unrecognized compensation expense (included in Additional paid-in capital on the Consolidated Balance Sheet) related to share-based compensation arrangements, net of estimated forfeitures. Based on awards currently outstanding, we estimate that compensation expense attributable to the restricted stock grants will be approximately $11.4 million for 2017 , $6.8 million for 2018 , and $1.5 million for 2019 . Future compensation expense is not projected on approximately $46.9 million of unrecognized compensation expense as the related awards are not currently expected to achieve their required performance features and therefore are not expected to vest. The Consolidated Statement of Income for the years ended December 31, 2016 , 2015 and 2014 reflects share-based compensation expense of $16.3 million , $27.9 million and $21.0 million , respectively. These amounts are inclusive of discontinued operations. The total tax benefits recognized in earnings from share-based compensation arrangements for the years ended December 31, 2016 , 2015 and 2014 , were approximately $6.4 million , $10.9 million and $8.2 million , respectively. Excess tax benefits of $4.7 million , $5.6 million and $6.1 million were classified as financing cash inflows during the years ended December 31, 2016 , 2015 and 2014 , respectively. Cash proceeds from options exercised for the years ended December 31, 2016 , 2015 and 2014 were $5.3 million , $11.8 million and $13.0 million , respectively. We generally issue shares out of treasury to satisfy stock option exercises. Stock purchase plans The 2000 DST Systems, Inc. Employee Stock Purchase Plan (“ESPP”), which provided employees the right to purchase Company shares at a discount, was suspended effective January 1, 2006. Redeemable non-controlling interest As a result of our seed capital investment during 2015, there is a non-controlling investor group which owned approximately 47% and 37% of a consolidated open-end fund as of December 31, 2016 and 2015 , respectively. The amount included on the Consolidated Balance Sheet at December 31, 2016 and 2015 associated with the redeemable non-controlling interest was $21.3 million and $15.1 million , respectively. During the years ended December 31, 2016 and 2015 , the net loss attributable to the non-controlling interest was $0.9 million and $0.1 million , respectively.

Benefit Plans

Benefit Plans	12 Months Ended
	Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Benefit Plans	Benefit Plans We sponsor defined contribution plans that cover domestic and non-domestic employees following the completion of an eligibility period. Employer contribution expenses from continuing operations under these plans totaled $35.0 million , $33.9 million and $30.7 million during the years ended December 31, 2016 , 2015 and 2014 , respectively. We have active and non-active non-qualified deferred compensation plans for senior management, certain highly compensated employees and directors. Certain of the active plans permit existing participants to defer a portion of their compensation until termination of their employment, at which time payment of amounts deferred is made in a lump sum or annual installments. Deferred amounts earn interest at a rate determined by the Board of Directors or are credited with deemed gains or losses of the underlying hypothetical investments. Amounts deferred under these plans were approximately $12.7 million and $20.4 million at December 31, 2016 and 2015 , respectively. Changes in the liability are recorded as adjustments to compensation expense. The underlying investments, which are classified as trading securities, are recorded at fair market value with changes recorded as adjustments to other income, net.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	12 Months Ended
	Dec. 31, 2016
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information Supplemental disclosure of cash flow information (in millions): Year Ended December 31, 2016 2015 2014 Cash payments: Interest paid during the year $ 22.9 $ 24.3 $ 25.2 Income taxes paid during the year 164.5 217.4 205.4 Non cash investing and financing activities: Changes in accrued capital expenditures 2.0 4.0 3.3 Gain on contract to repurchase common stock — — 18.1 Charitable contribution of marketable securities 2.0 — 0.5 Deposits with broker for securities sold short 8.4 10.8 — Securities sold short 8.2 10.7 —

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The following table sets forth our contractual cash obligations for our continuing operations including debt obligations, minimum rentals for the non-cancelable term of all operating leases and obligations under software license and other agreements (in millions): Debt Operating Leases Software License Agreements Other Total 2017 $ 208.5 $ 18.8 $ 50.1 $ 13.8 $ 291.2 2018 65.0 17.2 6.5 11.3 100.0 2019 75.0 13.1 5.3 4.5 97.9 2020 160.0 10.2 1.6 0.4 172.2 2021 — 8.9 — 0.5 9.4 Thereafter — 12.3 — 0.2 12.5 Total $ 508.5 $ 80.5 $ 63.5 $ 30.7 $ 683.2 Debt includes the accounts receivable securitization program, Senior Notes, revolving credit facilities and other indebtedness as described in Note 10 , Debt . We also have letters of credit of $5.9 million and $10.6 million outstanding for December 31, 2016 and 2015 , respectively. Letters of credit are provided by our debt facility. We have future obligations under certain operating leases. The operating leases, which include facilities, data processing and other equipment, have remaining lease terms ranging from 1 to 10 years excluding options to extend the leases for various lengths of time. Certain leases have clauses that call for the annual rents to be increased during the term of the lease. Such lease payments are expensed on a straight-line basis. We also lease certain facilities from unconsolidated real estate affiliates. The following rental costs were incurred (in millions): Year Ended December 31, 2016 2015 2014 Rent expense $ 22.2 $ 23.6 $ 26.8 Occupancy expenses included in above amounts that were charged by unconsolidated real estate affiliates 5.9 6.8 11.4 Obligations under software license agreements generally relate to purchase obligations under maintenance agreements that support the software license. We have entered into agreements with certain officers whereby upon defined circumstances constituting a change in control of the Company, certain benefit entitlements are automatically funded and such officers are entitled to specific cash payments upon termination of employment. Additionally, we have adopted the DST Systems, Inc. Executive Severance Plan which provides certain benefits to participants in the event of a qualifying termination under the plan. We are involved in various legal proceedings arising in the normal course of our business. While the ultimate outcome of these legal proceedings cannot be predicted with certainty, it is the opinion of management, after consultation with legal counsel, that the final outcome in such proceedings, in the aggregate, would not have a material adverse effect on our consolidated financial condition, results of operations and cash flows. Other contractual commitments In the normal course of business, to facilitate transactions of services and products and other business assets, we have agreed to indemnify certain parties with respect to certain matters. We have agreed to hold certain parties harmless against losses arising from a breach of representations or covenants, data and confidentiality obligations, or out of intellectual property infringement or other claims made by third parties. These agreements may limit the time within which an indemnification claim can be made and the amount of the claim. At December 31, 2016 , except for certain immaterial items, there were no liabilities for guarantees or indemnifications as it is not possible to determine either the maximum potential amount under these indemnification agreements or the timing of any such payments due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular agreement. Historically, payments made under these agreements have not had a material impact on our consolidated financial position, results of operations or cash flows.

Segment and Geographic Informat

Segment and Geographic Information	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Segment and Geographic Information	Segment and Geographic Information Our operating business units offer sophisticated information processing and software services and products. We present these businesses as two operating segments, Financial Services and Healthcare Services. Investments in the Company’s equity securities, private equity investments, real estate and certain financial interests are included in the Investments and Other segment. As mentioned in Note 1 , Description of Business , we completed the sale of our North American Customer Communications business and announced our intent to dispose of our United Kingdom Customer Communications business during 2016. As a result, the Customer Communications segment, as well as certain businesses previously reported within the Financial Services segment that were part of the July 1, 2016 sale, have been reported as discontinued operations. Prior periods have been adjusted to be consistent with the current presentation. We evaluate the performance of our segments based on income before interest expense, income taxes, and non-controlling interest. Intersegment revenues are reflected at rates prescribed by us and may not be reflective of market rates. Summarized financial information concerning our segments is shown in the following tables (in millions): Year Ended December 31, 2016 Financial Services Healthcare Services Investments/ Other Elimination Adjustments Consolidated Total Operating revenues $ 1,047.3 $ 426.2 $ 0.9 $ — $ 1,474.4 Intersegment operating revenues 42.9 — — (42.9 ) — Out-of-pocket reimbursements 73.9 8.5 — (0.1 ) 82.3 Total revenues 1,164.1 434.7 0.9 (43.0 ) 1,556.7 Costs and expenses 908.3 345.1 3.0 (43.0 ) 1,213.4 Depreciation and amortization 79.7 15.6 0.7 — 96.0 Operating income (loss) 176.1 74.0 (2.8 ) — 247.3 Gain on sale of business 5.5 — — — 5.5 Other income (loss), net (2.2 ) 0.1 24.8 — 22.7 Equity in earnings of unconsolidated affiliates 21.2 0.5 5.5 — 27.2 Earnings from continuing operations before interest, income taxes and non-controlling interest $ 200.6 $ 74.6 $ 27.5 $ — $ 302.7 Year Ended December 31, 2015 Financial Services Healthcare Services Investments/ Other Elimination Adjustments Consolidated Total Operating revenues $ 1,025.5 $ 376.4 $ 3.1 $ — $ 1,405.0 Intersegment operating revenues 38.3 — — (38.3 ) — Out-of-pocket reimbursements 61.7 8.2 — (0.9 ) 69.0 Total revenues 1,125.5 384.6 3.1 (39.2 ) 1,474.0 Costs and expenses 869.8 321.3 (1.7 ) (39.2 ) 1,150.2 Depreciation and amortization 71.6 18.6 0.9 — 91.1 Operating income 184.1 44.7 3.9 — 232.7 Other income (loss), net (2.1 ) (0.1 ) 206.7 — 204.5 Equity in earnings of unconsolidated affiliates 35.3 0.3 9.8 — 45.4 Earnings from continuing operations before interest, income taxes and non-controlling interest $ 217.3 $ 44.9 $ 220.4 $ — $ 482.6 Year Ended December 31, 2014 Financial Services Healthcare Services Investments/ Other Elimination Adjustments Consolidated Total Operating revenues $ 1,056.3 $ 382.1 $ 7.1 $ — $ 1,445.5 Intersegment operating revenues 32.5 — — (32.5 ) — Out-of-pocket reimbursements 52.6 6.9 — (0.2 ) 59.3 Total revenues 1,141.4 389.0 7.1 (32.7 ) 1,504.8 Costs and expenses 867.9 308.5 5.4 (32.7 ) 1,149.1 Depreciation and amortization 72.2 19.5 1.3 — 93.0 Operating income 201.3 61.0 0.4 — 262.7 Gain on sale of business 100.5 — — — 100.5 Other income, net 19.5 0.1 353.5 — 373.1 Equity in earnings of unconsolidated affiliates 29.8 0.5 4.4 — 34.7 Earnings from continuing operations before interest, income taxes and non-controlling interest $ 351.1 $ 61.6 $ 358.3 $ — $ 771.0 Earnings before interest, income taxes and non-controlling interest in the segment reporting information above less interest expense of $23.5 million , $23.8 million and $26.3 million for the years ended December 31, 2016 , 2015 and 2014 , respectively, are equal to income before income taxes and non-controlling interest on a consolidated basis for the corresponding year. Information concerning the revenues of principal geographic areas is as follows (in millions): Year Ended December 31, 2016 2015 2014 Revenues: (1) U.S. $ 1,417.2 $ 1,350.6 $ 1,323.7 International U.K. 78.1 65.6 58.5 Canada 19.3 21.7 64.9 Australia 25.4 20.5 25.8 Others 16.7 15.6 31.9 Total international 139.5 123.4 181.1 Total revenues $ 1,556.7 $ 1,474.0 $ 1,504.8 _______________________________________________________________________ (1) Revenues are attributed to countries based on location of the client. Information concerning total assets by reporting segment is as follows (in millions): December 31, 2016 2015 Financial Services $ 1,717.1 $ 1,611.2 Healthcare Services 552.2 405.3 Investments and Other 431.4 502.7 Assets held for sale 72.6 297.5 Elimination Adjustments (1.5 ) (3.5 ) Total assets $ 2,771.8 $ 2,813.2 Information concerning the long-lived assets (properties and other non-current assets) of principal geographic areas is as follows (in millions): December 31, 2016 2015 Long-lived assets: U.S. $ 249.9 $ 274.7 International U.K. 25.9 29.1 Canada 0.4 5.6 Australia 8.0 2.6 Others 1.8 1.7 Total international 36.1 39.0 Total long-lived assets $ 286.0 $ 313.7

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data (Unaudited)	Quarterly Financial Data (Unaudited) (in millions, except per share amounts): Year Ended December 31, 2016 First Quarter Second Quarter Third Quarter Fourth Quarter Total Operating revenues $ 361.3 $ 373.9 $ 365.5 $ 373.7 $ 1,474.4 Out-of-pocket reimbursements 19.4 16.6 21.2 25.1 82.3 Total revenues 380.7 390.5 386.7 398.8 1,556.7 Costs and expenses 306.9 320.4 289.6 296.5 1,213.4 Depreciation and amortization 22.1 24.2 22.8 26.9 96.0 Operating income 51.7 45.9 74.3 75.4 247.3 Interest expense (6.1 ) (6.5 ) (5.4 ) (5.5 ) (23.5 ) Gain on sale of business — — — 5.5 5.5 Other income, net 6.3 7.0 6.7 2.7 22.7 Equity in earnings of unconsolidated affiliates 6.7 10.2 7.0 3.3 27.2 Income from continuing operations before income taxes and non-controlling interest 58.6 56.6 82.6 81.4 279.2 Income taxes 20.1 22.1 31.6 27.3 101.1 Income from continuing operations before non-controlling interest 38.5 34.5 51.0 54.1 178.1 Income (loss) from discontinued operations, net of tax 18.5 18.7 222.8 (11.7 ) 248.3 Net income 57.0 53.2 273.8 42.4 426.4 Net (income) loss attributable to non-controlling interest 1.1 (0.2 ) (0.5 ) 0.5 0.9 Net income attributable to DST Systems, Inc. $ 58.1 $ 53.0 $ 273.3 $ 42.9 $ 427.3 Weighted average common shares outstanding 33.8 33.3 32.7 32.1 33.0 Weighted average diluted shares outstanding 34.3 33.6 33.0 32.5 33.3 Basic earnings per share: Continuing operations attributable to DST Systems, Inc. $ 1.17 $ 1.03 $ 1.54 $ 1.70 $ 5.43 (1) Discontinued operations 0.55 0.56 6.81 (0.36 ) 7.53 (1) Basic earnings per share $ 1.72 $ 1.59 $ 8.35 $ 1.34 $ 12.96 (1) Diluted earnings per share: Continuing operations attributable to DST Systems, Inc. $ 1.16 $ 1.03 $ 1.53 $ 1.68 $ 5.37 (1) Discontinued operations 0.54 0.55 6.75 (0.36 ) 7.45 (1) Diluted earnings per share $ 1.70 $ 1.58 $ 8.28 $ 1.32 $ 12.82 (1) Cash dividends per share of common stock $ 0.33 $ 0.33 $ 0.33 $ 0.33 $ 1.32 ________________________________________________________________ (1) Earnings per share are computed independently for each of the quarters presented. Accordingly, the accumulation of quarterly earnings per share may not equal the total computed for the year. Year Ended December 31, 2015 First Quarter Second Quarter Third Quarter Fourth Quarter Total Operating revenues $ 340.0 $ 349.3 $ 353.4 $ 362.3 $ 1,405.0 Out-of-pocket reimbursements 15.7 14.2 18.2 20.9 69.0 Total revenues 355.7 363.5 371.6 383.2 1,474.0 Costs and expenses 277.5 289.7 287.1 295.9 1,150.2 Depreciation and amortization 21.4 21.7 22.9 25.1 91.1 Operating income 56.8 52.1 61.6 62.2 232.7 Interest expense (6.1 ) (5.8 ) (5.8 ) (6.1 ) (23.8 ) Other income, net 83.3 92.2 14.4 14.6 204.5 Equity in earnings of unconsolidated affiliates 14.7 12.7 11.8 6.2 45.4 Income from continuing operations before income taxes and non-controlling interest 148.7 151.2 82.0 76.9 458.8 Income taxes 55.6 55.7 15.9 22.0 149.2 Income from continuing operations before non-controlling interest 93.1 95.5 66.1 54.9 309.6 Income from discontinued operations, net of tax 14.7 12.0 9.0 12.8 48.5 Net income 107.8 107.5 75.1 67.7 358.1 Net loss attributable to non-controlling interest — — — 0.1 0.1 Net income attributable to DST Systems, Inc. $ 107.8 $ 107.5 $ 75.1 $ 67.8 $ 358.2 Weighted average common shares outstanding 37.2 36.6 35.7 34.5 36.0 Weighted average diluted shares outstanding 37.6 37.0 36.2 35.0 36.4 Basic earnings per share: Continuing operations attributable to DST Systems, Inc. $ 2.50 $ 2.61 $ 1.85 $ 1.59 $ 8.60 (1) Discontinued operations 0.40 0.33 0.25 0.37 1.35 (1) Basic earnings per share $ 2.90 $ 2.94 $ 2.10 $ 1.96 $ 9.95 (1) Diluted earnings per share: Continuing operations attributable to DST Systems, Inc. $ 2.48 $ 2.58 $ 1.83 $ 1.57 $ 8.50 (1) Discontinued operations 0.39 0.33 0.25 0.37 1.33 (1) Diluted earnings per share $ 2.87 $ 2.91 $ 2.08 $ 1.94 $ 9.83 (1) Cash dividends per share of common stock $ 0.30 $ 0.30 $ 0.30 $ 0.30 $ 1.20 _______________________________________________________________________ (1) Earnings per share are computed independently for each of the quarters presented. Accordingly, the accumulation of quarterly earnings per share may not equal the total computed for the year.

Significant Accounting Polici27

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Principles of consolidation	Principles of consolidation The consolidated financial statements include all majority-owned subsidiaries of the Company. Intercompany balances and transactions have been eliminated. Certain amounts in the 2015 and 2014 consolidated financial statements have been reclassified to conform to the 2016 presentation. We consolidate any entity in which we have a controlling financial interest. Under the voting interest model, generally the investor that has voting control (usually more than 50% of an entity’s voting interests) consolidates the entity. Under the variable interest entity (“VIE”) model, the party that has the power to direct the entity’s most significant economic activities and the ability to participate in the entity’s economics consolidates the entity. An entity is considered a VIE if it possesses one of the following characteristics: 1) the entity is thinly capitalized; 2) residual equity holders do not control the entity; 3) equity holders are shielded from economic losses; 4) equity holders do not participate fully in an entity’s residual economics; and 5) the entity was established with non-substantive voting interests. For consolidated subsidiaries that are less than wholly owned, the third-party holdings of equity interests are referred to as non-controlling interests. Non-controlling interests that are redeemable or convertible for cash or other assets at the option of the holder are classified separate from stockholders’ equity on the Consolidated Balance Sheet. The portion of net income (loss) attributable to the non-controlling interest for such subsidiaries is presented as net income (loss) attributable to non-controlling interest in the Consolidated Statement of Income. We have the following significant operating joint ventures: BFDS; IFDS U.K.; and IFDS L.P. We do not have a controlling financial interest in these entities and therefore account for the financial results of these operating joint ventures using the equity method of accounting. We are the lessee in a series of operating leases covering a large portion of our Kansas City, Missouri-based leased office facilities. The lessors are generally joint ventures (in which we have a 50% ownership) that have been established specifically to purchase, finance and engage in leasing activities with the joint venture partners and unrelated third parties. Our analysis of our real estate joint ventures for all periods presented indicate that none qualified as a VIE and, accordingly, they have not been consolidated. We provide investment management services to, and have transactions with, various exchange traded funds, mutual funds and other investment products sponsored by the Company in the normal course of business. We generally are considered to have a controlling financial interest in a fund when we own a majority of the outstanding controlling shares, which may arise as a result of seed capital investments in newly launched investment products from the time of initial launch to the time that the fund becomes majority-held by third-party investors.
Use of estimates	Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses. Actual results could differ from those estimates.
Revenue recognition	Revenue recognition We recognize revenue when it is realized or realizable and it is earned. The majority of our revenues are derived from computer processing and services and are recognized upon completion of the services provided. Software license fees, maintenance fees and other ancillary fees are recognized as services are provided or delivered and all customer obligations have been met. We generally do not have payment terms from customers that extend beyond one year. Revenue from operating leases is recognized monthly as the rent accrues. Billing for services in which cash is collected in advance of performance is recorded as deferred revenue. Allowances for billing adjustments and doubtful account expense are estimated as revenues are recognized. Allowances for billing adjustments are recorded as reductions in revenues and doubtful account expense is recorded within Costs and expenses. The annual amounts for these items are immaterial to our consolidated financial statements. We recognize revenue when the following criteria are met: 1) persuasive evidence of an arrangement exists; 2) delivery has occurred or services have been rendered; 3) the sales price is fixed or determinable; and 4) collectibility is reasonably assured. If there is a customer-specific acceptance provision in a contract or if there is uncertainty about customer acceptance, the associated revenue is deferred until we have evidence of customer acceptance. Revenue arrangements with multiple deliverables are evaluated to determine if the deliverables (items) can be divided into more than one unit of accounting. An item can generally be considered a separate unit of accounting if both of the following criteria are met: 1) the delivered item(s) has value to the customer on a standalone basis and 2) if the arrangement includes a general right of return relative to the delivered item(s), delivery or performance of the undelivered item(s) is considered probable and substantially in our control. Once separate units of accounting are determined, the arrangement consideration is allocated at the inception of the arrangement to all deliverables using the relative selling price method. Relative selling price is obtained from sources such as vendor-specific objective evidence, which is based on the separate selling price for that or a similar item or from third-party evidence such as how competitors have priced similar items. If such evidence is unavailable, we use our best estimate of the selling price, which includes various internal factors such as our pricing strategy and market factors. Software license revenues are recognized at the time the contract is signed, the software is delivered and no future software obligations exist. Deferral of software license revenue results from delayed payment provisions, disproportionate discounts between the license and other services or the inability to unbundle certain services. We recognize revenues for maintenance services ratably over the contract term, after collectibility has been reasonably assured. Reimbursements received for “out-of-pocket” (“OOP”) expenses, such as postage and telecommunications charges, are recorded as revenue on an accrual basis. Because these additional revenues are offset by the reimbursable expenses incurred, they have minimal impact on income from operations and net income. For each segment, total revenues are reported in two categories, operating revenues and OOP reimbursements. OOP expenses are included in costs and expenses.
Costs and expenses	Costs and expenses Costs and expenses include all costs, excluding depreciation and amortization, incurred to produce revenues. We believe that the nature of our business as well as our organizational structure, in which virtually all officers and associates have operational responsibilities, does not allow for a meaningful segregation of selling, general and administrative costs. These costs, which we believe to be immaterial, are also included in costs and expenses. Substantially all depreciation and amortization is directly associated with the production of revenues.
Cash equivalents	Cash equivalents Short-term liquid investments with original maturities of 90 days or less are considered cash equivalents. Due to the short-term nature of these investments, carrying value approximates market value.
Client funds/obligations	Client funds/obligations Funds held on behalf of clients In connection with providing data processing services for our clients, we may hold client funds on behalf of transfer agency clients and pharmacy processing clients. End-of-day available client bank balances for full service mutual fund transfer agency clients are invested overnight. Invested balances are returned to the full service mutual fund transfer agency client accounts the following business day. Funds received from clients for the payment of pharmacy claims incurred by its members are invested until the claim payments are presented to the bank. These amounts are included in funds held on behalf of clients in the Consolidated Balance Sheet and represent assets that are restricted for use. Client funding receivable Client funding receivables represent amounts due to us for pharmacy claims paid in advance of receiving client funding and for pharmacy claims processed for which client funding requests have not been made. Client funds obligations Client funds obligations represent our contractual obligations to remit funds to satisfy client pharmacy claim obligations and are recorded on the balance sheet when incurred, generally after a claim has been processed by us. In addition, client funds obligations include transfer agency client balances invested overnight. We have reported the cash flows related to the purchases of investment funds (available-for-sale securities) held on behalf of clients and the cash flows related to the proceeds from the sales/maturities of investment funds held on behalf of clients on a gross basis in the investing section of the Consolidated Statement of Cash Flows. We have reported the cash inflows and outflows related to client fund investments on a net basis within net (increase) decrease in restricted cash and cash equivalents held to satisfy client funds obligations in the investing section of the Consolidated Statement of Cash Flows. We have reported the cash flows related to client funds used in investing activities on a net basis within net increase (decrease) in client funds obligations in the financing section of the Consolidated Statement of Cash Flows.
Investments	Investments The equity method of accounting is used for investments in entities, partnerships and similar interests (including investments in private equity funds where we are the limited partner) in which we have significant influence but do not control. Under the equity method, we recognize income or losses from our pro-rata share of these unconsolidated affiliates’ net income or loss, which changes the carrying value of the investment of the unconsolidated affiliate. In certain cases, pro-rata losses are recognized only to the extent of our investment in and advances to the unconsolidated affiliate. The cost method of accounting is used for these investments when we have a de minimis ownership percentage and do not have significant influence. Our cost method investments are held at the lower of cost or market. Investments classified as available-for-sale securities are reported at fair value with unrealized gains and losses excluded from earnings and recorded net of deferred taxes directly to stockholders’ equity as accumulated other comprehensive income. Investments in trading securities are reported at fair value with unrealized gains and losses included in earnings. Investments classified as held-to-maturity securities are recorded at amortized cost, which approximates fair value. Investment funds which are consolidated as a result of our seed capital investment are considered investment companies and therefore we retain the specialized industry accounting principles of these investment products in our consolidated financial statements. Upon consolidation of a fund, the underlying securities of the fund are reflected at fair value with gains and losses included in Other income, net in the Consolidated Statement of Income.
Security transactions and investment income	Security transactions and investment income Security transactions are accounted for on the trade date. Security gains and losses are calculated on the specific identification method. Dividend income is recorded on the ex-dividend date. Interest income, adjusted for discounts and premiums, is recorded on the accrual basis.
Property and equipment	Property and equipment Property and equipment are recorded at cost with major additions and improvements capitalized. Cost includes the amount of interest cost associated with significant capital additions. Depreciation of buildings is recorded using the straight-line method over 30 to 40 years. Technology equipment, furniture, fixtures and other equipment are depreciated using accelerated methods over the estimated useful lives, principally three to five years. Software is depreciated using the straight-line method over the estimated useful lives, generally three to five years. Leasehold improvements are depreciated using the straight-line method over the lesser of the term of the lease or life of the improvements. We review, on a quarterly basis, our property and equipment for possible impairment. Purchased software is recorded at cost and is amortized over the estimated economic life, which is generally three to five years. We capitalize costs for the development of internal use software, including coding and software configuration costs and costs of upgrades and enhancements, after the preliminary project phase has been completed and management has committed to funding the project. These costs are amortized on a straight-line basis, depending on the nature of the project, generally over a three to five year period. We review, on a quarterly basis, our capitalized software for possible impairment. Development costs for software that will be sold or licensed to third parties, prior to the achievement of technological feasibility, are expensed as incurred. We capitalize software development costs for software that will be sold or licensed to third parties which are incurred after the products reach technological feasibility but prior to the general release of the product to customers. These capitalized development costs are amortized on a product-by-product basis using the greater of the amount computed by taking the ratio of current year’s gross revenues to current and anticipated future gross revenues or the amount computed by the straight-line method over the estimated useful life of the product, which is generally three to five years. We evaluate the net realizable value of capitalized software development costs on a product-by-product basis.
Goodwill and intangible assets	Goodwill and intangible assets We have recorded goodwill and intangible assets in connection with various acquisitions of businesses. Intangible assets at December 31, 2016 and 2015 primarily represent customer relationships and other definite lived intangible assets (trade names, non-compete agreements, etc.) acquired. The estimated useful life on these intangible assets ranges from 3 to 19 years. The weighted average amortization period at December 31, 2016 for customer relationships and other intangible assets is 14.7 and 8.7 years, respectively. We assess the impairment of goodwill at least annually (as of October 1) and assess identifiable intangibles, long-lived assets and related assets whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Intangible assets that have finite lives will continue to be amortized over their useful lives. Our assessment of goodwill for impairment for 2016 included a quantitative assessment that compared the fair value to the net book value of our reporting units. The fair value of the reporting units was estimated using the present value of expected future cash flows and substantially exceeded the carrying value of the reporting units. For 2015, we performed a qualitative assessment that considered various factors, including growth in operating revenues and income from operations of our reporting units since our last quantitative assessment in 2014. Our 2016 , 2015 and 2014 annual goodwill impairment tests determined that goodwill was not impaired, except during 2016 for the goodwill held at the Customer Communications U.K. reporting unit, which is included as a component of discontinued operations, as further described in Note 4, Discontinued Operations.
Income taxes	Income taxes We recognize the amount of income taxes payable or refundable for the current year and deferred tax liabilities and assets for the future tax consequences of events that have been recognized in our financial statements or tax returns. Deferred income tax effects of transactions reported in different periods for financial reporting and income tax return purposes are recorded by the liability method. This method gives consideration to the future tax consequences of deferred income or expense items and differences between the income tax and financial accounting statement bases of assets and liabilities and immediately recognizes changes in income tax laws upon enactment. The income statement effect is generally derived from changes in deferred income taxes on the balance sheet. From time to time, we enter into transactions for which the tax treatment under the Internal Revenue Code or applicable state tax laws is uncertain. We provide federal and/or state income taxes on such transactions, together with related interest, net of income tax benefit, and any applicable penalties in accordance with accounting guidance for income tax uncertainties. We record income tax uncertainties that are estimated to take more than 12 months to resolve as non-current. Interest and penalties related to unrecognized tax benefits, if any, are recorded in income tax expense.
Foreign currency translation	Foreign currency translation Our international subsidiaries use the local currency as the functional currency. We translate our assets and liabilities at period-end exchange rates. Income and expense accounts are translated at average rates during the period.
Earnings per share	Earnings per share Basic earnings per share are determined by dividing net income by the weighted average number of common shares outstanding during the year. Diluted earnings per share are determined by including the dilutive effect of all potential common shares outstanding during the year. See Note 13 , Equity , for additional details regarding our earnings per share computation.
Derivative and hedging activities	Derivative and hedging activities We recognize all derivatives as either assets or liabilities in the balance sheet and measure those instruments at fair value and the changes in the fair value of derivatives are recorded each period in current earnings or other comprehensive income, depending on whether a derivative is designated as part of a hedge transaction and, if it is, the type of hedge transaction. From time to time, we utilize derivatives to manage interest rate and foreign currency risks. We do not enter into derivative arrangements for speculative purposes. At December 31, 2016 and 2015 , we had derivative instruments outstanding as described in Note 11 , Hedging Transactions and Derivative Financial Instruments .
Comprehensive income	Comprehensive income Our comprehensive income consists of net income and unrealized gains or losses on available-for-sale securities, our proportional share of unconsolidated affiliates’ other comprehensive income (limited by the carrying value of the investment), unrealized gains or losses on our cash flow hedges and foreign currency translation adjustments, which are presented in the Consolidated Statement of Comprehensive Income, net of tax and reclassifications to earnings.
Share-based compensation	Share-based compensation We have share-based compensation plans covering our employees and our non-employee directors and have outstanding share awards (primarily in the form of stock options, restricted stock, restricted stock units and performance stock units) under each of these plans. We recognize the cost of employee services received in exchange for awards of equity instruments based on the grant date fair value of those awards offset by estimates of compensation costs related to awards that are not expected to vest. For share-based awards granted, we expense the grant date fair value of these awards using the straight-line method over the service period. Amortization for the grant date fair value of share-based awards containing both service and performance features depends on our judgments on whether the performance conditions will be achieved.
New authoritative accounting guidance	New authoritative accounting guidance In November 2016, the Financial Accounting Standards Board (“FASB”) issued guidance which requires the statement of cash flows to explain changes during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. The guidance is effective January 1, 2018 and requires retrospective application. Early adoption is permitted. We are currently evaluating the standard and the impact it will have on our consolidated financial statements. In October 2016, the FASB issued guidance which requires the recognition of income tax consequences for intra-entity transfers of assets other than inventory. The guidance is effective January 1, 2018 and requires modified retrospective application. Early adoption is permitted. We are currently evaluating the standard and the impact it will have on our consolidated financial statements. In August 2016, the FASB issued guidance to clarify how certain transactions are presented and classified in the statement of cash flows. The guidance is effective January 1, 2018 with early adoption permitted. We do not expect the adoption of this new standard to have a material impact on our consolidated financial statements. In March 2016, the FASB issued guidance which simplifies several aspects of the accounting for employee share-based payment transactions, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification of related amounts within the statement of cash flows. The guidance is effective January 1, 2017, with early adoption permitted. We expect increased volatility in earnings as the excess tax benefits driven by changes in our stock price will be recorded to the Consolidated Statement of Income upon adoption. In February 2016, the FASB issued guidance which requires lessees to reflect most leases on their balance sheet as assets and obligations. The guidance is effective January 1, 2019 with early adoption permitted. The standard is to be applied under the modified retrospective method, with elective reliefs, which requires application of the new guidance for all periods presented. We are currently evaluating the standard and the impact it will have on our consolidated financial statements and related disclosures. In January 2016, the FASB issued guidance which updates the reporting model for certain financial instruments, including the requirement for equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. The guidance is effective January 1, 2018 and requires a cumulative-effective adjustment as of the beginning of the fiscal year of adoption. Early adoption is permitted as of the beginning of the fiscal year of adoption. We are currently evaluating the standard and the impact it will have on our consolidated financial statements. In September 2015, the FASB issued guidance which requires that an acquirer recognize adjustments to provisional amounts in a business combination that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. Effects on earnings as a result of the change to the provisional amounts should be recorded in the same period’s financial statements and calculated as if the accounting had been completed at the acquisition date. The guidance was adopted on January 1, 2016 and did not have a material impact on our consolidated financial statements. In February 2015, the FASB issued guidance which changes the way reporting enterprises evaluate whether (a) they should consolidate limited partnerships and similar entities, (b) fees paid to a decision maker or service provider are variable interests in a Variable Interest Entity (“VIE”), and (c) variable interests in a VIE held by related parties of the reporting enterprise require the reporting enterprise to consolidate the VIE. It also eliminates the VIE consolidation model based on majority exposure to variability that applied to certain investment companies and similar entities. In connection with the adoption of the guidance on January 1, 2016, the Company reevaluated all of its investment products for consolidation and determined that certain of its investments in private equity funds met the definition of a VIE as our equity interests lacked the characteristics of a controlling financial interest. The revised consolidation guidance did not result in consolidation of any of our investments. See Note 5, Investments, for additional details regarding our investments in variable interest entities. In May 2014, the FASB issued guidance which requires companies to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration it expects to be entitled in exchange for those goods or services. The new standard and subsequently issued amendments will become effective for us beginning with the first quarter 2018, and although permitted, we will not early adopt this guidance. We are in the process of selecting the method of adoption, either the full retrospective or modified retrospective transition approach, however we have not yet determined the method by which the standard will be adopted. In addition, we are currently evaluating the impacts of the application of the new standard to our existing portfolio of customer contracts and will continue to review new contracts entered into prior to the adoption of the new standard. While we expect the adoption of the standard will change the timing of when revenue is recognized for certain revenue streams, we anticipate that the majority of our contracts with customers will be accounted for under the series deliverable guidance in the new standard which will likely result in no change as compared to current revenue recognition. We expect to continue finalizing our assessment of the expected impact of adoption throughout 2017.

Significant Business Transact28

Significant Business Transactions and Events (Tables)	12 Months Ended
	Dec. 31, 2016
Significant Business Transactions and Events [Abstract]
Schedule of Business Acquisitions, by Acquisition	The following table summarizes the aggregate acquisition-date fair value of the consideration transferred for the acquisitions of kasina LLC, Red Rocks Capital LLC, and Wealth Management Systems Inc. and the amounts recognized as of the acquisition date for the assets acquired and liabilities assumed (in millions): Consideration Cash paid $ 118.8 Fair value of contingent consideration 0.8 Fair value of total consideration transferred $ 119.6 Recognized amounts of identifiable assets acquired and liabilities assumed Cash and cash equivalents $ 1.6 Accounts receivable 4.2 Other current assets 0.2 Properties (1) 3.3 Intangible assets 49.5 Goodwill 75.8 Total assets 134.6 Accounts payable 0.2 Accrued compensation and benefits 0.4 Deferred revenue 5.5 Other current liabilities 0.7 Deferred income tax liabilities 8.2 Total liabilities 15.0 Net assets acquired $ 119.6 ____________________________________________________ (1) Includes $3.0 million of acquired software The following table summarizes the aggregate acquisition-date fair value of the consideration transferred for the acquisition of KRFS and the amounts recognized as of the acquisition date for the assets acquired and liabilities assumed (in millions): Consideration Cash paid $ 94.7 Recognized amounts of identifiable assets acquired and liabilities assumed Cash and cash equivalents $ 1.0 Accounts receivable 2.9 Other current assets 0.1 Investments 0.5 Properties (1) 6.8 Intangible assets 23.4 Goodwill 61.0 Total assets 95.7 Deferred revenue 0.6 Other current liabilities 0.4 Total liabilities 1.0 Net assets acquired $ 94.7 ______________________________________________ (1) Includes $6.5 million of acquired software with a weighted-average useful life of 6 years.
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination	The following table summarizes the intangible assets acquired and estimated weighted-average useful lives as of the acquisition date (in millions): Fair Value Weighted-Average Useful Life Customer relationships $ 22.5 10 years Other 0.9 3 years $ 23.4 The following table summarizes the intangible assets acquired and estimated weighted average useful lives as of acquisition dates (in millions): Fair Value Weighted Average Useful Life Customer relationships $ 48.0 17 years Other 1.5 7 years $ 49.5

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The following table summarizes the assets and liabilities classified as held for sale in our Consolidated Balance Sheet (in millions): December 31, 2016 2015 Assets Cash and cash equivalents $ 4.0 $ 10.1 Accounts receivable 38.9 140.1 Investments — 0.3 Unconsolidated affiliates 0.2 0.3 Properties, net 9.9 64.6 Intangible assets, net 11.2 20.6 Goodwill — 24.8 Other assets 8.4 36.7 Total assets held for sale $ 72.6 $ 297.5 Liabilities Current portion of debt $ 0.4 $ — Accounts payable 13.2 33.7 Accrued compensation and benefits 3.8 26.7 Deferred revenues and gains 0.8 5.5 Long-term debt 1.7 — Income taxes payable 1.0 — Other liabilities 9.2 94.0 Total liabilities held for sale $ 30.1 $ 159.9 The following table summarizes the comparative financial results of discontinued operations which are presented as Income from discontinued operations, net of tax on our Consolidated Statement of Income (in millions): Year Ended December 31, 2016 2015 2014 Operating revenues $ 389.0 $ 608.0 $ 596.5 Out-of-pocket reimbursements 409.0 743.1 648.0 Total revenues 798.0 1,351.1 1,244.5 Costs and expenses 747.6 1,247.3 1,160.3 Depreciation and amortization (including goodwill impairment) 28.9 30.9 38.0 Operating income 21.5 72.9 46.2 Interest expense — (0.3 ) (0.3 ) Other income, net — — 0.4 Equity in earnings of unconsolidated affiliates 0.3 0.4 0.7 Net gain on business disposition 341.5 — — Income before income taxes 363.3 73.0 47.0 Income taxes 115.0 24.5 14.5 Income from discontinued operations, net of tax $ 248.3 $ 48.5 $ 32.5

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of investments	Investments are as follows (in millions): Carrying Value December 31, December 31, Available-for-sale securities: State Street Corporation $ 169.6 $ 144.8 Other available-for-sale securities 10.9 74.7 180.5 219.5 Other: Trading securities 7.9 14.8 Seed capital investments, at fair value 61.0 50.7 Cost method, private equity and other investments 128.0 133.2 196.9 198.7 Total investments $ 377.4 $ 418.2
Schedule of reconciliation of available-for-sale securities from book cost basis to market value	Certain information related to our available-for-sale securities is as follows (in millions): December 31, 2016 2015 Book cost basis $ 28.4 $ 83.4 Gross unrealized gains 152.1 136.2 Gross unrealized losses — (0.1 ) Market value $ 180.5 $ 219.5

Unconsolidated Affiliates (Tabl

Unconsolidated Affiliates (Tables)	12 Months Ended
	Dec. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]
Schedule of unconsolidated affiliates	Equity in earnings of unconsolidated affiliates, is as follows (in millions): Year Ended December 31, 2016 2015 2014 International Financial Data Services U.K. $ 10.0 $ 22.5 $ 12.6 International Financial Data Services L.P. 2.2 7.4 6.5 Boston Financial Data Services, Inc. 8.3 5.3 5.1 Other unconsolidated affiliates 6.7 10.2 10.5 Total $ 27.2 $ 45.4 $ 34.7 Certain condensed financial information of our unconsolidated affiliates is presented below (in millions): Year Ended December 31, Income Statement Data: 2016 2015 2014 Revenues $ 1,248.6 $ 1,225.7 $ 1,247.3 Costs and expenses 1,192.4 1,132.7 1,188.2 Net income 56.2 93.0 59.1 December 31, Balance Sheet Data: 2016 2015 Current assets $ 570.2 $ 515.2 Noncurrent assets 823.8 823.5 Current liabilities 423.0 313.0 Noncurrent liabilities 396.6 444.0 Partners’ and stockholders’ equity 574.4 581.7 Unconsolidated affiliates are as follows (in millions): Carrying Value 2016 Ownership Percentage December 31, December 31, Unconsolidated affiliates: International Financial Data Services U.K. 50% $ 133.3 $ 124.3 International Financial Data Services L.P. 50% 73.2 75.2 Boston Financial Data Services, Inc. 50% 91.2 82.9 Other unconsolidated affiliates 33.5 29.8 Total $ 331.2 $ 312.2
Schedule of amounts and transactions with related party unconsolidated affiliates	The following tables summarize related party transactions and balances outstanding with our unconsolidated affiliates (in millions): Year Ended December 31, 2016 2015 2014 Operating revenues from unconsolidated affiliates $ 138.5 $ 134.9 $ 135.1 Amounts paid to unconsolidated affiliates for products, services and leases* 36.8 27.3 23.8 Distributions received from unconsolidated affiliates 3.5 15.3 12.6 December 31, 2016 2015 Advances/Loans to unconsolidated affiliates $ 31.4 $ 6.4 Trade accounts receivable from unconsolidated affiliates 19.7 20.8 Total amounts receivable from unconsolidated affiliates $ 51.1 $ 27.2 Amounts payable to unconsolidated affiliates* $ 3.4 $ 5.0 _______________________________________________________________________ * Excludes amounts owed under or paid on the BFDS installment loan. See additional discussion of installment loan within Note 10 , Debt .

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities measured at fair value on a recurring basis	The following tables present assets and liabilities measured at fair value on a recurring basis (in millions): Fair Value Measurements at Reporting Date Using December 31, Quoted prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Money market funds (1) $ 437.0 $ 437.0 $ — $ — Equity securities (2) 188.4 188.4 — — Seed capital investments (2) 61.0 61.0 — — Deferred compensation liabilities (3) (7.9 ) (7.9 ) — — Securities sold short (3) (8.2 ) (8.2 ) — — Derivative instruments (3) (0.4 ) — (0.4 ) — Total $ 669.9 $ 670.3 $ (0.4 ) $ — Fair Value Measurements at Reporting Date Using December 31, Quoted prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Money market funds (1) $ 210.1 $ 210.1 $ — $ — Equity securities (2) 234.3 234.3 — — Seed capital investments (2) 50.7 50.7 — — Deferred compensation liabilities (3) (14.8 ) (14.8 ) — — Securities sold short (3) (10.7 ) (10.7 ) — — Derivative instruments (3) (0.3 ) — (0.3 ) — Total $ 469.3 $ 469.6 $ (0.3 ) $ — _______________________________________________________________________ (1) Included in Cash and cash equivalents, Funds held on behalf of clients, and Other current assets on our Consolidated Balance Sheet. (2) Included in Investments on our Consolidated Balance Sheet. (3) Included in Other liabilities on our Consolidated Balance Sheet.

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Schedule of properties and related accumulated depreciation	Property and equipment and related accumulated depreciation are as follows (in millions): December 31, 2016 2015 Land $ 34.2 $ 35.9 Buildings 160.3 181.5 Technology equipment 213.0 200.5 Software 508.2 489.4 Furniture, fixtures and other equipment 122.1 138.0 Leasehold improvements 76.4 72.2 Construction-in-progress 18.3 13.6 1,132.5 1,131.1 Less accumulated depreciation and amortization 896.8 874.4 Properties, net $ 235.7 $ 256.7
Summary of software development and maintenance costs	The following table summarizes software development costs for our proprietary systems and software products (in millions): Year Ended December 31, 2016 2015 2014 Capitalized software development costs $ 21.5 $ 23.3 $ 28.8 Amortization of capitalized software development costs 22.9 25.5 25.3

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	The following table summarizes intangible assets (in millions): December 31, 2016 December 31, 2015 Carrying Amount Accumulated Amortization Carrying Amount Accumulated Amortization Amortizable intangible assets Customer relationships $ 203.6 $ 71.0 $ 181.1 $ 57.5 Other 28.5 18.5 27.6 15.4 Total $ 232.1 $ 89.5 $ 208.7 $ 72.9
Schedule of estimated annual amortization for intangible assets	Annual amortization for intangible assets recorded as of December 31, 2016 is estimated to be (in millions): 2017 $ 16.8 2018 16.6 2019 15.5 2020 13.1 2021 12.7 Thereafter 67.9 Total $ 142.6
Schedule of changes in the carrying amount of goodwill	The following tables summarize the changes in the carrying amount of goodwill for the years ended December 31, 2016 and 2015 , by segment (in millions): December 31, 2015 Acquisitions Impairments Other December 31, 2016 Financial Services $ 303.3 $ 61.0 $ — $ (2.9 ) $ 361.4 Healthcare Services 155.0 — — — 155.0 Total $ 458.3 $ 61.0 $ — $ (2.9 ) $ 516.4 December 31, 2014 Acquisitions Impairments Other December 31, 2015 Financial Services $ 234.6 $ 75.8 $ — $ (7.1 ) $ 303.3 Healthcare Services 155.0 — — — 155.0 Total $ 389.6 $ 75.8 $ — $ (7.1 ) $ 458.3

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Schedule of the Company's obligations and other indebtedness	The Company is obligated under notes and other indebtedness as follows (in millions): December 31, 2016 2015 Accounts receivable securitization program $ 103.2 $ — Revolving credit facilities 75.0 226.1 Senior notes 330.0 330.0 Related party credit agreements — 1.5 Other indebtedness, net of unamortized debt issuance costs — 4.5 508.2 562.1 Less current portion of debt 208.5 5.6 Long-term debt $ 299.7 $ 556.5
Schedule of future principal payments of indebtedness	Future principal payments of indebtedness at December 31, 2016 are as follows (in millions): 2017 $ 208.5 2018 65.0 2019 75.0 2020 160.0 Total $ 508.5
Schedule of carrying and fair value of the Senior Notes	The carrying and fair value of the Senior Notes were as follows (in millions): December 31, 2016 2015 Carrying Value Estimated Fair Value Carrying Estimated Senior notes—Series B 105.0 106.7 105.0 108.5 Senior notes—Series C 65.0 67.5 65.0 68.2 Senior notes—Series D 160.0 172.1 160.0 172.8 Total $ 330.0 $ 346.3 $ 330.0 $ 349.5

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Summary of pretax income (loss)	The following summarizes pretax income from continuing operations (in millions): Year Ended December 31, 2016 2015 2014 U.S. $ 248.2 $ 451.9 $ 627.9 International 31.0 6.9 116.8 Total $ 279.2 $ 458.8 $ 744.7
Schedule of components of provision for income taxes (benefits)	Provision for income taxes (benefits) from continuing operations consists of the following components (in millions): Year Ended December 31, 2016 2015 2014 Current Federal $ 57.7 $ 147.4 $ 207.8 State and local 11.4 10.2 (23.8 ) International 15.0 7.1 (1.5 ) Total current 84.1 164.7 182.5 Deferred Federal 19.9 (13.5 ) 5.3 State and local (1.9 ) 0.5 (1.3 ) International (1.0 ) (2.5 ) (2.6 ) Total deferred 17.0 (15.5 ) 1.4 Total provision for income taxes $ 101.1 $ 149.2 $ 183.9
Schedule of differences between the effective income tax rate and the U.S. federal income tax statutory rate	Following are the reconciliations of our effective income tax rates and the U.S. federal income tax statutory rate (in millions): Year Ended December 31, 2016 2015 2014 Provision for income taxes using the statutory rate in effect $ 97.7 $ 160.6 $ 260.7 Tax effect of: State and local income taxes, net 5.9 4.3 8.6 International income taxes, net 2.5 (1.0 ) (1.9 ) Gain on sale of DST Global Solutions Ltd. — — (33.6 ) Earnings of U.S. unconsolidated affiliates (2.3 ) (1.5 ) (1.4 ) Valuation allowance (reversal), net (0.9 ) 1.2 0.8 Tax credits (5.0 ) (7.7 ) (7.9 ) Uncertain tax positions (reversal), net 1.7 (7.9 ) (30.8 ) Dividend received deduction (0.8 ) (1.2 ) (2.6 ) Domestic production activities deduction (1.7 ) (0.1 ) (3.1 ) Repatriation 1.0 1.9 0.7 Gain on share repurchase — — (6.3 ) Other 3.0 0.6 0.7 Total provision for income taxes $ 101.1 $ 149.2 $ 183.9 Effective tax rate 36.2 % 32.5 % 24.7 % Statutory federal tax rate 35.0 % 35.0 % 35.0 %
Schedule of federal and state deferred tax assets (liabilities)	The federal and state deferred tax assets (liabilities) recorded on the Consolidated Balance Sheet are as follows (in millions): December 31, 2016 2015 Liabilities: Deferred cancellation of debt income $ (36.4 ) $ (55.4 ) Investments in available-for-sale securities (62.2 ) (54.8 ) Unconsolidated affiliates and investments (27.9 ) (9.7 ) Accumulated depreciation and amortization (65.3 ) (41.8 ) Prepaid expenses (5.5 ) (8.1 ) Total deferred tax liabilities (197.3 ) (169.8 ) Assets: Deferred compensation and other employee benefits 23.2 36.4 Net operating loss 8.5 12.8 Accrued liabilities 26.9 30.8 Other 1.4 3.1 Total deferred tax assets 60.0 83.1 Valuation allowance (6.0 ) (10.5 ) Net deferred tax liability $ (143.3 ) $ (97.2 )
Schedule of reconciliation of the beginning and ending amounts of unrecognized tax benefits	A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows (in millions): Year Ended December 31, 2016 2015 2014 Balance at beginning of year $ 60.3 $ 69.8 $ 102.2 Additions based on tax positions related to the current year 3.5 9.0 15.1 Additions for tax positions of prior years 2.7 2.2 0.9 Reductions for tax positions of prior years (7.7 ) (19.5 ) (17.6 ) Settlements (1.2 ) (0.4 ) — Statute expirations — (0.8 ) (30.8 ) Balance at end of year $ 57.6 $ 60.3 $ 69.8

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Schedule of basic and diluted earnings per share	The computation of basic and diluted earnings per share is as follows (in millions, except per share amounts): Year Ended December 31, 2016 2015 2014 Income from continuing operations attributable to DST Systems, Inc. $ 179.0 $ 309.7 $ 560.8 Income from discontinued operations, net of tax 248.3 48.5 32.5 Net income attributable to DST Systems, Inc. $ 427.3 $ 358.2 $ 593.3 Weighted average common shares outstanding 33.0 36.0 40.0 Incremental shares from restricted stock units and stock options 0.3 0.4 0.5 Weighted average diluted shares outstanding 33.3 36.4 40.5 Basic earnings per share Continuing operations attributable to DST Systems, Inc. $ 5.43 $ 8.60 $ 14.01 Discontinued operations 7.53 1.35 0.81 Basic earnings per share $ 12.96 $ 9.95 $ 14.82 Diluted earnings per share Continuing operations attributable to DST Systems, Inc. $ 5.37 $ 8.50 $ 13.86 Discontinued operations 7.45 1.33 0.80 Diluted earnings per share $ 12.82 $ 9.83 $ 14.66
Schedule of accumulated other comprehensive Income	AOCI balances, net of tax consist of the following (in millions): Unrealized Gains on Available-for-Sale Securities Unrealized Loss on Cash Flow Hedges Foreign Currency Translation Adjustments Accumulated Other Comprehensive Income Balance, December 31, 2014 $ 207.2 $ (0.3 ) $ (20.0 ) $ 186.9 Net current period other comprehensive income (loss) (123.2 ) 0.2 (22.0 ) (145.0 ) Balance, December 31, 2015 84.0 (0.1 ) (42.0 ) 41.9 Net current period other comprehensive income (loss) 10.1 — (35.4 ) (25.3 ) Balance, December 31, 2016 $ 94.1 $ (0.1 ) $ (77.4 ) $ 16.6
Reclassification out of accumulated other comprehensive income	Additions to and reclassifications out of AOCI attributable to the Company (in millions): Year Ended December 31, 2016 2015 2014 Pretax Net of Tax Pretax Net of Tax Pretax Net of Tax Available-for-sale securities: Unrealized gains (losses) on available-for-sale securities $ 18.1 $ 11.4 $ (35.6 ) $ (21.8 ) $ 28.1 $ 15.7 Reclassification of gains into net earnings on available-for-sale securities (1) (2.1 ) (1.3 ) (163.5 ) (101.4 ) (179.1 ) (109.3 ) Net change in available-for-sale securities 16.0 10.1 (199.1 ) (123.2 ) (151.0 ) (93.6 ) Cash flow hedges: Unrealized gains (losses) on cash flow hedges 0.1 — 0.4 0.4 0.2 0.1 Reclassification of losses (gains) into net earnings on foreign currency cash flow hedges (2) — — (0.5 ) (0.3 ) 0.2 0.1 Reclassification of losses into net earnings on interest rate cash flow hedges (3) — — 0.2 0.1 0.1 — Net change in cash flow hedges 0.1 — 0.1 0.2 0.5 0.2 Cumulative translation adjustments: Reclassification into net earnings upon liquidation of foreign entities (4) (0.5 ) (0.5 ) — — (41.9 ) (41.9 ) Current period translation adjustments (34.9 ) (34.9 ) (22.0 ) (22.0 ) 14.0 14.0 Net cumulative translation adjustments (35.4 ) (35.4 ) (22.0 ) (22.0 ) (27.9 ) (27.9 ) Total other comprehensive loss $ (19.3 ) $ (25.3 ) $ (221.0 ) $ (145.0 ) $ (178.4 ) $ (121.3 ) _______________________________________________________________________ (1) Realized (gains)/losses on available-for-sale securities are recognized in Other income, net. (2) Reclassification to net earnings of derivatives qualifying as effective foreign currency cash flow hedges are recognized in Costs and expenses. (3) Reclassification to net earnings of derivatives qualifying as effective interest rate cash flow hedges are recognized in Interest expense. (4) Reclassification upon liquidation of foreign entities are recognized in Gain on sale of business or Income from discontinued operations, net of tax.
Schedule of stock option activity	A summary of stock option activity is presented in the table below (shares in millions): Options Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in millions) Outstanding at December 31, 2015 0.4 $ 45.67 Exercised (0.1 ) 46.73 $ 5.8 Outstanding at December 31, 2016 0.3 45.41 3.9 Exercisable at December 31, 2016 0.3 $ 45.41 3.9
Schedule of restricted stock activity	A summary of the status of non-vested restricted stock as of December 31, 2016 , and changes during the year is presented in the table below (shares in millions): Non-vested Restricted Stock Shares Weighted Average Grant Date Fair Value Non-vested at December 31, 2015 0.9 $ 91.32 Granted 0.5 107.49 Vested (0.4 ) 81.54 Forfeited (0.1 ) 84.19 Non-vested at December 31, 2016 0.9 $ 104.76

Supplemental Cash Flow Inform38

Supplemental Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2016
Supplemental Cash Flow Elements [Abstract]
Schedule of supplemental disclosure of cash flow information	Supplemental disclosure of cash flow information (in millions): Year Ended December 31, 2016 2015 2014 Cash payments: Interest paid during the year $ 22.9 $ 24.3 $ 25.2 Income taxes paid during the year 164.5 217.4 205.4 Non cash investing and financing activities: Changes in accrued capital expenditures 2.0 4.0 3.3 Gain on contract to repurchase common stock — — 18.1 Charitable contribution of marketable securities 2.0 — 0.5 Deposits with broker for securities sold short 8.4 10.8 — Securities sold short 8.2 10.7 —

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of contractual cash obligations	The following table sets forth our contractual cash obligations for our continuing operations including debt obligations, minimum rentals for the non-cancelable term of all operating leases and obligations under software license and other agreements (in millions): Debt Operating Leases Software License Agreements Other Total 2017 $ 208.5 $ 18.8 $ 50.1 $ 13.8 $ 291.2 2018 65.0 17.2 6.5 11.3 100.0 2019 75.0 13.1 5.3 4.5 97.9 2020 160.0 10.2 1.6 0.4 172.2 2021 — 8.9 — 0.5 9.4 Thereafter — 12.3 — 0.2 12.5 Total $ 508.5 $ 80.5 $ 63.5 $ 30.7 $ 683.2
Schedule of rent expense	The following rental costs were incurred (in millions): Year Ended December 31, 2016 2015 2014 Rent expense $ 22.2 $ 23.6 $ 26.8 Occupancy expenses included in above amounts that were charged by unconsolidated real estate affiliates 5.9 6.8 11.4

Segment and Geographic Inform40

Segment and Geographic Information (Tables)	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Schedule of financial information concerning segments	Summarized financial information concerning our segments is shown in the following tables (in millions): Year Ended December 31, 2016 Financial Services Healthcare Services Investments/ Other Elimination Adjustments Consolidated Total Operating revenues $ 1,047.3 $ 426.2 $ 0.9 $ — $ 1,474.4 Intersegment operating revenues 42.9 — — (42.9 ) — Out-of-pocket reimbursements 73.9 8.5 — (0.1 ) 82.3 Total revenues 1,164.1 434.7 0.9 (43.0 ) 1,556.7 Costs and expenses 908.3 345.1 3.0 (43.0 ) 1,213.4 Depreciation and amortization 79.7 15.6 0.7 — 96.0 Operating income (loss) 176.1 74.0 (2.8 ) — 247.3 Gain on sale of business 5.5 — — — 5.5 Other income (loss), net (2.2 ) 0.1 24.8 — 22.7 Equity in earnings of unconsolidated affiliates 21.2 0.5 5.5 — 27.2 Earnings from continuing operations before interest, income taxes and non-controlling interest $ 200.6 $ 74.6 $ 27.5 $ — $ 302.7 Year Ended December 31, 2015 Financial Services Healthcare Services Investments/ Other Elimination Adjustments Consolidated Total Operating revenues $ 1,025.5 $ 376.4 $ 3.1 $ — $ 1,405.0 Intersegment operating revenues 38.3 — — (38.3 ) — Out-of-pocket reimbursements 61.7 8.2 — (0.9 ) 69.0 Total revenues 1,125.5 384.6 3.1 (39.2 ) 1,474.0 Costs and expenses 869.8 321.3 (1.7 ) (39.2 ) 1,150.2 Depreciation and amortization 71.6 18.6 0.9 — 91.1 Operating income 184.1 44.7 3.9 — 232.7 Other income (loss), net (2.1 ) (0.1 ) 206.7 — 204.5 Equity in earnings of unconsolidated affiliates 35.3 0.3 9.8 — 45.4 Earnings from continuing operations before interest, income taxes and non-controlling interest $ 217.3 $ 44.9 $ 220.4 $ — $ 482.6 Year Ended December 31, 2014 Financial Services Healthcare Services Investments/ Other Elimination Adjustments Consolidated Total Operating revenues $ 1,056.3 $ 382.1 $ 7.1 $ — $ 1,445.5 Intersegment operating revenues 32.5 — — (32.5 ) — Out-of-pocket reimbursements 52.6 6.9 — (0.2 ) 59.3 Total revenues 1,141.4 389.0 7.1 (32.7 ) 1,504.8 Costs and expenses 867.9 308.5 5.4 (32.7 ) 1,149.1 Depreciation and amortization 72.2 19.5 1.3 — 93.0 Operating income 201.3 61.0 0.4 — 262.7 Gain on sale of business 100.5 — — — 100.5 Other income, net 19.5 0.1 353.5 — 373.1 Equity in earnings of unconsolidated affiliates 29.8 0.5 4.4 — 34.7 Earnings from continuing operations before interest, income taxes and non-controlling interest $ 351.1 $ 61.6 $ 358.3 $ — $ 771.0
Schedule of revenues of principal geographic areas	Information concerning the revenues of principal geographic areas is as follows (in millions): Year Ended December 31, 2016 2015 2014 Revenues: (1) U.S. $ 1,417.2 $ 1,350.6 $ 1,323.7 International U.K. 78.1 65.6 58.5 Canada 19.3 21.7 64.9 Australia 25.4 20.5 25.8 Others 16.7 15.6 31.9 Total international 139.5 123.4 181.1 Total revenues $ 1,556.7 $ 1,474.0 $ 1,504.8 _______________________________________________________________________ (1) Revenues are attributed to countries based on location of the client.
Schedule of total assets by reporting segment	Information concerning total assets by reporting segment is as follows (in millions): December 31, 2016 2015 Financial Services $ 1,717.1 $ 1,611.2 Healthcare Services 552.2 405.3 Investments and Other 431.4 502.7 Assets held for sale 72.6 297.5 Elimination Adjustments (1.5 ) (3.5 ) Total assets $ 2,771.8 $ 2,813.2
Schedule long-lived assets (properties and other non-current assets) of principal geographic areas	Information concerning the long-lived assets (properties and other non-current assets) of principal geographic areas is as follows (in millions): December 31, 2016 2015 Long-lived assets: U.S. $ 249.9 $ 274.7 International U.K. 25.9 29.1 Canada 0.4 5.6 Australia 8.0 2.6 Others 1.8 1.7 Total international 36.1 39.0 Total long-lived assets $ 286.0 $ 313.7

Quarterly Financial Data (Una41

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Schedule of quarterly financial data (unaudited)	(in millions, except per share amounts): Year Ended December 31, 2016 First Quarter Second Quarter Third Quarter Fourth Quarter Total Operating revenues $ 361.3 $ 373.9 $ 365.5 $ 373.7 $ 1,474.4 Out-of-pocket reimbursements 19.4 16.6 21.2 25.1 82.3 Total revenues 380.7 390.5 386.7 398.8 1,556.7 Costs and expenses 306.9 320.4 289.6 296.5 1,213.4 Depreciation and amortization 22.1 24.2 22.8 26.9 96.0 Operating income 51.7 45.9 74.3 75.4 247.3 Interest expense (6.1 ) (6.5 ) (5.4 ) (5.5 ) (23.5 ) Gain on sale of business — — — 5.5 5.5 Other income, net 6.3 7.0 6.7 2.7 22.7 Equity in earnings of unconsolidated affiliates 6.7 10.2 7.0 3.3 27.2 Income from continuing operations before income taxes and non-controlling interest 58.6 56.6 82.6 81.4 279.2 Income taxes 20.1 22.1 31.6 27.3 101.1 Income from continuing operations before non-controlling interest 38.5 34.5 51.0 54.1 178.1 Income (loss) from discontinued operations, net of tax 18.5 18.7 222.8 (11.7 ) 248.3 Net income 57.0 53.2 273.8 42.4 426.4 Net (income) loss attributable to non-controlling interest 1.1 (0.2 ) (0.5 ) 0.5 0.9 Net income attributable to DST Systems, Inc. $ 58.1 $ 53.0 $ 273.3 $ 42.9 $ 427.3 Weighted average common shares outstanding 33.8 33.3 32.7 32.1 33.0 Weighted average diluted shares outstanding 34.3 33.6 33.0 32.5 33.3 Basic earnings per share: Continuing operations attributable to DST Systems, Inc. $ 1.17 $ 1.03 $ 1.54 $ 1.70 $ 5.43 (1) Discontinued operations 0.55 0.56 6.81 (0.36 ) 7.53 (1) Basic earnings per share $ 1.72 $ 1.59 $ 8.35 $ 1.34 $ 12.96 (1) Diluted earnings per share: Continuing operations attributable to DST Systems, Inc. $ 1.16 $ 1.03 $ 1.53 $ 1.68 $ 5.37 (1) Discontinued operations 0.54 0.55 6.75 (0.36 ) 7.45 (1) Diluted earnings per share $ 1.70 $ 1.58 $ 8.28 $ 1.32 $ 12.82 (1) Cash dividends per share of common stock $ 0.33 $ 0.33 $ 0.33 $ 0.33 $ 1.32 ________________________________________________________________ (1) Earnings per share are computed independently for each of the quarters presented. Accordingly, the accumulation of quarterly earnings per share may not equal the total computed for the year. Year Ended December 31, 2015 First Quarter Second Quarter Third Quarter Fourth Quarter Total Operating revenues $ 340.0 $ 349.3 $ 353.4 $ 362.3 $ 1,405.0 Out-of-pocket reimbursements 15.7 14.2 18.2 20.9 69.0 Total revenues 355.7 363.5 371.6 383.2 1,474.0 Costs and expenses 277.5 289.7 287.1 295.9 1,150.2 Depreciation and amortization 21.4 21.7 22.9 25.1 91.1 Operating income 56.8 52.1 61.6 62.2 232.7 Interest expense (6.1 ) (5.8 ) (5.8 ) (6.1 ) (23.8 ) Other income, net 83.3 92.2 14.4 14.6 204.5 Equity in earnings of unconsolidated affiliates 14.7 12.7 11.8 6.2 45.4 Income from continuing operations before income taxes and non-controlling interest 148.7 151.2 82.0 76.9 458.8 Income taxes 55.6 55.7 15.9 22.0 149.2 Income from continuing operations before non-controlling interest 93.1 95.5 66.1 54.9 309.6 Income from discontinued operations, net of tax 14.7 12.0 9.0 12.8 48.5 Net income 107.8 107.5 75.1 67.7 358.1 Net loss attributable to non-controlling interest — — — 0.1 0.1 Net income attributable to DST Systems, Inc. $ 107.8 $ 107.5 $ 75.1 $ 67.8 $ 358.2 Weighted average common shares outstanding 37.2 36.6 35.7 34.5 36.0 Weighted average diluted shares outstanding 37.6 37.0 36.2 35.0 36.4 Basic earnings per share: Continuing operations attributable to DST Systems, Inc. $ 2.50 $ 2.61 $ 1.85 $ 1.59 $ 8.60 (1) Discontinued operations 0.40 0.33 0.25 0.37 1.35 (1) Basic earnings per share $ 2.90 $ 2.94 $ 2.10 $ 1.96 $ 9.95 (1) Diluted earnings per share: Continuing operations attributable to DST Systems, Inc. $ 2.48 $ 2.58 $ 1.83 $ 1.57 $ 8.50 (1) Discontinued operations 0.39 0.33 0.25 0.37 1.33 (1) Diluted earnings per share $ 2.87 $ 2.91 $ 2.08 $ 1.94 $ 9.83 (1) Cash dividends per share of common stock $ 0.30 $ 0.30 $ 0.30 $ 0.30 $ 1.20 _______________________________________________________________________ (1) Earnings per share are computed independently for each of the quarters presented. Accordingly, the accumulation of quarterly earnings per share may not equal the total computed for the year.

Description of Business (Detail

Description of Business (Details)	12 Months Ended
	Dec. 31, 2016segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments	2

Significant Accounting Polici43

Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2016categorydeliverable
Revenue recognition [Line items]
Maximum period of customer obligations (in years)	1 year
Number of deliverables per unit of accounting for deferral of all revenue, greater than | deliverable	1
Number of categories for each segment in which total revenues are reported | category	2
Unconsolidated real estate affiliates
Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%

Significant Accounting Polici44

Significant Accounting Policies (Details 2)	12 Months Ended
	Dec. 31, 2016
Minimum | Buildings
Property and equipment [Line items]
Useful life	30 years
Minimum | Technology equipment
Property and equipment [Line items]
Useful life	3 years
Minimum | Furniture, fixtures and other equipment
Property and equipment [Line items]
Useful life	3 years
Minimum | Software
Property and equipment [Line items]
Useful life	3 years
Minimum | Purchased software
Property and equipment [Line items]
Useful life	3 years
Minimum | Capitalized software development costs for internal use
Property and equipment [Line items]
Useful life	3 years
Minimum | Capitalized software development costs for sale or license to third parties
Property and equipment [Line items]
Useful life	3 years
Maximum | Buildings
Property and equipment [Line items]
Useful life	40 years
Maximum | Technology equipment
Property and equipment [Line items]
Useful life	5 years
Maximum | Furniture, fixtures and other equipment
Property and equipment [Line items]
Useful life	5 years
Maximum | Software
Property and equipment [Line items]
Useful life	5 years
Maximum | Purchased software
Property and equipment [Line items]
Useful life	5 years
Maximum | Capitalized software development costs for internal use
Property and equipment [Line items]
Useful life	5 years
Maximum | Capitalized software development costs for sale or license to third parties
Property and equipment [Line items]
Useful life	5 years

Significant Accounting Polici45

Significant Accounting Policies (Details 3)	12 Months Ended
	Dec. 31, 2016
Customer relationships
Goodwill and intangible assets [Line items]
Useful life	14 years 8 months 12 days
Other intangible assets
Goodwill and intangible assets [Line items]
Useful life	8 years 8 months 12 days
Minimum | Customer relationships
Goodwill and intangible assets [Line items]
Useful life	3 years
Minimum | Other intangible assets
Goodwill and intangible assets [Line items]
Useful life	3 years
Maximum | Customer relationships
Goodwill and intangible assets [Line items]
Useful life	19 years
Maximum | Other intangible assets
Goodwill and intangible assets [Line items]
Useful life	19 years

Significant Business Transact46

Significant Business Transactions and Events (Details) - USD ($) $ in Millions		Feb. 24, 2016	Aug. 21, 2015	Jul. 31, 2015	Jan. 01, 2015	Jun. 30, 2016	Jan. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Goodwill								$ 458.3	$ 516.4	$ 458.3	$ 389.6
Kaufman Rossin Fund Services LLC
Business Acquisition [Line Items]
Cash paid		$ 94.7
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred						$ 0.3
Goodwill		61
Goodwill, expected tax deductible amount		61
Cash and cash equivalents		1
Accounts receivable		2.9
Other current assets		0.1
Investments		0.5
Properties	[1]	6.8
Intangible assets		23.4
Total assets		95.7
Deferred revenue		0.6
Other current liabilities		0.4
Total liabilities		1
Net assets acquired		94.7
Finite-lived Intangible Assets Acquired		23.4
Revenue of acquiree since acquisition date									20.9
Net pretax income or loss acquiree since acquisition date									$ 1.1
Kaufman Rossin Fund Services LLC | Acquired software
Business Acquisition [Line Items]
Properties		$ 6.5
Weighted average useful life		6 years
Kaufman Rossin Fund Services LLC | Customer relationships
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired		$ 22.5
Weighted average useful life		10 years
Kaufman Rossin Fund Services LLC | Other intangible assets
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired		$ 0.9
Weighted average useful life		3 years
kasina LLC
Business Acquisition [Line Items]
Cash paid					$ 9
Performance-related contingent consideration					$ 2.1
Red Rock Capital LLC
Business Acquisition [Line Items]
Cash paid				$ 45
Performance-related contingent consideration				$ 20
Wealth Management Systems Inc.
Business Acquisition [Line Items]
Cash paid			$ 65.1
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred							$ 0.2	1.1
Series of Individually Immaterial Business Acquisitions
Business Acquisition [Line Items]
Cash paid			118.8
Goodwill			75.8					75.8		75.8
Goodwill, expected tax deductible amount								$ 40		40
Fair value of total consideration transferred			119.6
Fair value of contingent consideration			0.8
Cash and cash equivalents			1.6
Accounts receivable			4.2
Other current assets			0.2
Properties	[2]		3.3
Intangible assets			49.5
Total assets			134.6
Accounts payable			0.2
Accrued compensation and benefits			0.4
Deferred revenue			5.5
Other current liabilities			0.7
Deferred income tax liabilities			8.2
Total liabilities			15
Net assets acquired			119.6
Finite-lived Intangible Assets Acquired			49.5
Revenue of acquiree since acquisition date										10.4
Net pretax income or loss acquiree since acquisition date										$ (9.3)
Series of Individually Immaterial Business Acquisitions | Acquired software
Business Acquisition [Line Items]
Properties			3
Series of Individually Immaterial Business Acquisitions | Customer relationships
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired			$ 48
Weighted average useful life			17 years
Series of Individually Immaterial Business Acquisitions | Other intangible assets
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired			$ 1.5
Weighted average useful life			7 years
[1]	Includes $6.5 million of acquired software with a weighted-average useful life of 6 years.
[2]	Includes $3.0 million of acquired software

Significant Business Transact47

Significant Business Transactions and Events (Details 2) - USD ($) $ in Millions	Nov. 30, 2014	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Restructuring Cost and Reserve [Line Items]
Cash proceeds in settlement of working capital adjustments						$ 14.5	$ 7.9	$ 77.4
Gain on sale of business		$ 5.5	$ 0	$ 0	$ 0	5.5	0	100.5
Remaining liability		0.6				0.6	4.1	6.4
Financial Services
Restructuring Cost and Reserve [Line Items]
Cost incurred to date								8.5
Employee termination costs | Healthcare Services
Restructuring Cost and Reserve [Line Items]
Cost incurred to date							3.4
Employee termination costs | Financial Services
Restructuring Cost and Reserve [Line Items]
Cost incurred to date		9.9				9.9		8.3
Lease termination costs | Financial Services
Restructuring Cost and Reserve [Line Items]
Cost incurred to date		$ 0.5				$ 0.5		0.2
DST Global Solutions Ltd
Restructuring Cost and Reserve [Line Items]
Proceeds from Divestiture of Businesses	$ 95
Restricted Proceeds from Divestiture of Business	$ 9.5
Cash proceeds in settlement of working capital adjustments							$ 7.9
Disposal Group, Including Discontinued Operation, Revenue								61.4
Disposal Group, Including Discontinued Operation, Operating Income (Loss)								6.9
Gain on sale of business								$ 100.5

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($) $ in Millions	1 Months Ended	6 Months Ended	12 Months Ended
	Oct. 31, 2015	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Jun. 14, 2016
Assets [Abstract]
Cash and cash equivalents		$ 4	$ 4	$ 10.1	$ 12.1
Customer Communications | Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net gain on business disposition			341.5	0	0
Assets [Abstract]
Cash and cash equivalents		4	4	10.1
Accounts receivable		38.9	38.9	140.1
Investments		0	0	0.3
Unconsolidated affiliates		0.2	0.2	0.3
Properties, net		9.9	9.9	64.6
Intangible assets, net		11.2	11.2	20.6
Goodwill		0	0	24.8
Other assets		8.4	8.4	36.7
Total assets held for sale		72.6	72.6	297.5
Liabilities [Abstract]
Current portion of debt		0.4	0.4	0
Accounts payable		13.2	13.2	33.7
Accrued compensation and benefits		3.8	3.8	26.7
Deferred revenues and gains		0.8	0.8	5.5
Long-term debt		1.7	1.7	0
Income tax payable		1	1	0
Other liabilities		9.2	9.2	94
Total liabilities held for sale		30.1	30.1	159.9
North America | Customer Communications
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration						$ 410.7
Disposal Group Including Discontinued Operations, Amount of Settlement		0.7	0.7
Net gain on business disposition			341.5
Sale Leaseback Transaction, Deferred Gain, Gross	$ 39.9
Sale Leaseback Transaction, Net Proceeds, Investing Activities	$ 129
Sale Leaseback Transaction, Amortization Expense			1.5	0.6
Intersegment revenues, discontinued operation after disposal			19.3	13.8	15.9
Intersegment expenses, discontinued operation after disposal			$ 34.8	$ 19.3	$ 36.8
Information Technology and Operations Processing | North America | Customer Communications
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operation, Amount of Continuing Cash Flows after Disposal		8.8
Print Services | North America | Customer Communications
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operation, Amount of Continuing Cash Flows after Disposal		$ 19.9

Discontinued Operations (Deta49

Discontinued Operations (Details 2) - USD ($) $ in Millions	1 Months Ended	3 Months Ended								12 Months Ended
	Apr. 29, 2016	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations, net of tax		$ (11.7)	$ 222.8	$ 18.7	$ 18.5	$ 12.8	$ 9	$ 12	$ 14.7	$ 248.3	$ 48.5	$ 32.5
Customer Communications | Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Operating revenues										389	608	596.5
Out-of-pocket reimbursements										409	743.1	648
Total revenue										798	1,351.1	1,244.5
Costs and expense										747.6	1,247.3	1,160.3
Depreciation and amortization (including goodwill)										28.9	30.9	38
Operating income										21.5	72.9	46.2
Interest expense										0	(0.3)	(0.3)
Other income, net										0	0	0.4
Equity in earnings of unconsolidated affiliates										0.3	0.4	0.7
Net gain on business disposition										341.5	0	0
Income before income taxes										363.3	73	47
Income taxes										115	24.5	14.5
Income from discontinued operations, net of tax										248.3	$ 48.5	$ 32.5
Disposal Group, Including Discontinued Operation, Impairment Charge										$ 17
United Kingdom | Customer Communications
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale Leaseback Transaction, Net Proceeds, Investing Activities	$ 16
Sale Leaseback Transaction, Lease Terms	P12Y
Sale Leaseback Transaction, Annual Rental Payments	$ 0.7

Investments (Details)

Investments (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Investment [Line Items]
Carrying Value	$ 377.4	$ 418.2
Cost method, private equity and other investments
Investment [Line Items]
Carrying Value	16.8	16
Available-for-sale securities
Investment [Line Items]
Carrying Value	180.5	219.5
Available-for-sale securities | State Street Corporation
Investment [Line Items]
Carrying Value	169.6	144.8
Available-for-sale securities | Other available-for-sale securities
Investment [Line Items]
Carrying Value	10.9	74.7
Other investments
Investment [Line Items]
Carrying Value	196.9	198.7
Other investments | Trading securities
Investment [Line Items]
Carrying Value	7.9	14.8
Other investments | Seed Capital Investments, at fair value
Investment [Line Items]
Carrying Value	61	50.7
Other investments | Cost method, private equity and other investments
Investment [Line Items]
Carrying Value	$ 128	$ 133.2

Investments (Details 2)

Investments (Details 2) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Book cost basis	$ 28.4	$ 83.4
Gross Unrealized Gain	152.1	136.2
Gross Unrealized Loss	0	(0.1)
Market value	$ 180.5	$ 219.5

Investments (Details 3)

Investments (Details 3) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Available-for-sale securities
Investments	$ 377.4	$ 418.2
Proceeds from sale of investments	61.2	303.5	$ 278.9
Gross realized gains	6.1	175.1	184
Gross realized losses	3.8	6.7	2.6
Unrealized losses related to other than temporary investment impairments	0.2	4.8	2.3
Seed capital investments cash collateral	8.4	10.8
Cost-method Investments, Realized Gain (Loss)			103.6
Other-than temporary impairment
Lower of cost or market valuation adjustments on cost method investments	0	0.2	2.2
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	115	120.9
Cost method, private equity and other investments
Available-for-sale securities
Investments	$ 16.8	16
Cash dividend received			$ 33.2
State Street Corporation
Available-for-sale securities
Investment in available-for-sale equity securities, number of shares held	2.2
Private equity funds
Available-for-sale securities
Investments	$ 111.2	117.2
Future capital commitments related to private equity fund investments	3.8
Available-for-sale securities
Available-for-sale securities
Investments	180.5	219.5
Deferred Tax Liabilities, Other	62.2	54.8
Available-for-sale securities | State Street Corporation
Available-for-sale securities
Investments	169.6	144.8
Other investments
Available-for-sale securities
Investments	196.9	198.7
Other investments | Seed Capital Investments
Available-for-sale securities
Investments	61	50.7
Other investments | Cost method, private equity and other investments
Available-for-sale securities
Investments	$ 128	$ 133.2

Unconsolidated Affiliates (Deta

Unconsolidated Affiliates (Details) ft² in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016USD ($)ft²	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2016USD ($)ft²	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Schedule of Equity Method Investments [Line Items]
Carrying value	$ 331.2				$ 312.2				$ 331.2	$ 312.2
Equity in earnings of unconsolidated affiliates	$ 3.3	$ 7	$ 10.2	$ 6.7	6.2	$ 11.8	$ 12.7	$ 14.7	$ 27.2	45.4	$ 34.7
International Financial Data Services U.K.
Schedule of Equity Method Investments [Line Items]
Ownership percentage	50.00%								50.00%
Carrying value	$ 133.3				124.3				$ 133.3	124.3
Equity in earnings of unconsolidated affiliates									$ 10	22.5	12.6
International Financial Data Services L.P.
Schedule of Equity Method Investments [Line Items]
Ownership percentage	50.00%								50.00%
Carrying value	$ 73.2				75.2				$ 73.2	75.2
Equity in earnings of unconsolidated affiliates									$ 2.2	7.4	6.5
Boston Financial Data Services, Inc.
Schedule of Equity Method Investments [Line Items]
Ownership percentage	50.00%								50.00%
Carrying value	$ 91.2				82.9				$ 91.2	82.9
Equity in earnings of unconsolidated affiliates									8.3	5.3	5.1
Other unconsolidated affiliates
Schedule of Equity Method Investments [Line Items]
Carrying value	$ 33.5				29.8				33.5	29.8
Equity in earnings of unconsolidated affiliates									$ 6.7	10.2	$ 10.5
Pershing Road Development Company, LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage	50.00%								50.00%
Carrying value	$ 0				$ 0				$ 0	$ 0
Pershing Road Development Company, LLC | Office space | U.S. government
Schedule of Equity Method Investments [Line Items]
Approximate square feet of office space | ft²	1.1								1.1

Unconsolidated Affiliates (De54

Unconsolidated Affiliates (Details 2) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Statement Data:
Revenues	$ 1,248.6	$ 1,225.7	$ 1,247.3
Costs and expenses	1,192.4	1,132.7	1,188.2
Net income	56.2	93	$ 59.1
Balance Sheet Data:
Current assets	570.2	515.2
Noncurrent assets	823.8	823.5
Current liabilities	423	313
Noncurrent liabilities	396.6	444
Partners’ and stockholders’ equity	$ 574.4	$ 581.7

Unconsolidated Affiliates (De55

Unconsolidated Affiliates (Details 3) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Feb. 27, 2017	Sep. 30, 2016	Mar. 29, 2016
Amounts and transactions with related party unconsolidated affiliates
Operating revenues from unconsolidated affiliates		$ 150.7	$ 150.3	$ 148.8
Unconsolidated affiliates
Amounts and transactions with related party unconsolidated affiliates
Operating revenues from unconsolidated affiliates		138.5	134.9	135.1
Amounts paid to unconsolidated affiliates for products, services and leases	[1]	36.8	27.3	23.8
Distributions received from unconsolidated affiliates		3.5	15.3	$ 12.6
Advances/Loans to unconsolidated affiliates		31.4	6.4
Trade accounts receivable from unconsolidated affiliates		19.7	20.8
Total amounts receivable from unconsolidated affiliates		51.1	27.2
Amounts payable to unconsolidated affiliates	[1]	$ 3.4	$ 5
International Financial Data Services U.K.
Amounts and transactions with related party unconsolidated affiliates
Advances/Loans to unconsolidated affiliates						$ 13	$ 15
Subsequent event | International Financial Data Services U.K.
Amounts and transactions with related party unconsolidated affiliates
Advances/Loans to unconsolidated affiliates					$ 12.5
[1]	Excludes amounts owed under or paid on the BFDS installment loan. See additional discussion of installment loan within Note 10, Debt.

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions		Dec. 31, 2016	Dec. 31, 2015
Fair value measurements [Line items]
Investments		$ 377.4	$ 418.2
Cost method, private equity and other investments
Fair value measurements [Line items]
Investments		16.8	16
Other investments
Fair value measurements [Line items]
Investments		196.9	198.7
Other investments | Cost method, private equity and other investments
Fair value measurements [Line items]
Investments		128	133.2
Investments in pooled funds
Fair value measurements [Line items]
Alternative Investments, Fair Value Disclosure		11.5	6.1
Fair value measured on a recurring basis
Fair value measurements [Line items]
Deferred compensation liabilities	[1]	(7.9)	(14.8)
Derivative Liability	[1]	0.4	0.3
Fair Value, Net Asset (Liability)		669.9	469.3
Fair value measured on a recurring basis | Money market funds
Fair value measurements [Line items]
Investments, Fair Value Disclosure	[2]	437	210.1
Fair value measured on a recurring basis | Equity securities
Fair value measurements [Line items]
Investments, Fair Value Disclosure	[3]	188.4	234.3
Fair value measured on a recurring basis | Seed Capital Investments
Fair value measurements [Line items]
Investments, Fair Value Disclosure	[3]	61	50.7
Fair value measured on a recurring basis | Securities sold short
Fair value measurements [Line items]
Investments, Fair Value Disclosure	[1]	(8.2)	(10.7)
Fair value measured on a recurring basis | Quoted prices in Active Markets for Identical Assets (Level 1)
Fair value measurements [Line items]
Deferred compensation liabilities	[1]	(7.9)	(14.8)
Derivative Liability	[1]	0	0
Fair Value, Net Asset (Liability)		670.3	469.6
Fair value measured on a recurring basis | Quoted prices in Active Markets for Identical Assets (Level 1) | Money market funds
Fair value measurements [Line items]
Investments, Fair Value Disclosure	[2]	437	210.1
Fair value measured on a recurring basis | Quoted prices in Active Markets for Identical Assets (Level 1) | Equity securities
Fair value measurements [Line items]
Investments, Fair Value Disclosure	[3]	188.4	234.3
Fair value measured on a recurring basis | Quoted prices in Active Markets for Identical Assets (Level 1) | Seed Capital Investments
Fair value measurements [Line items]
Investments, Fair Value Disclosure	[3]	61	50.7
Fair value measured on a recurring basis | Quoted prices in Active Markets for Identical Assets (Level 1) | Securities sold short
Fair value measurements [Line items]
Investments, Fair Value Disclosure	[1]	(8.2)	(10.7)
Fair value measured on a recurring basis | Significant Other Observable Inputs (Level 2)
Fair value measurements [Line items]
Deferred compensation liabilities	[1]	0	0
Derivative Liability	[1]	0.4	0.3
Fair Value, Net Asset (Liability)		(0.4)	(0.3)
Fair value measured on a recurring basis | Significant Other Observable Inputs (Level 2) | Money market funds
Fair value measurements [Line items]
Investments, Fair Value Disclosure	[2]	0	0
Fair value measured on a recurring basis | Significant Other Observable Inputs (Level 2) | Equity securities
Fair value measurements [Line items]
Investments, Fair Value Disclosure	[3]	0	0
Fair value measured on a recurring basis | Significant Other Observable Inputs (Level 2) | Seed Capital Investments
Fair value measurements [Line items]
Investments, Fair Value Disclosure	[3]	0	0
Fair value measured on a recurring basis | Significant Other Observable Inputs (Level 2) | Securities sold short
Fair value measurements [Line items]
Investments, Fair Value Disclosure	[1]	0	0
Fair value measured on a recurring basis | Significant Unobservable Inputs (Level 3)
Fair value measurements [Line items]
Deferred compensation liabilities	[1]	0	0
Derivative Liability	[1]	0	0
Fair Value, Net Asset (Liability)		0	0
Fair value measured on a recurring basis | Significant Unobservable Inputs (Level 3) | Money market funds
Fair value measurements [Line items]
Investments, Fair Value Disclosure	[2]	0	0
Fair value measured on a recurring basis | Significant Unobservable Inputs (Level 3) | Equity securities
Fair value measurements [Line items]
Investments, Fair Value Disclosure	[3]	0	0
Fair value measured on a recurring basis | Significant Unobservable Inputs (Level 3) | Seed Capital Investments
Fair value measurements [Line items]
Investments, Fair Value Disclosure	[3]	0	0
Fair value measured on a recurring basis | Significant Unobservable Inputs (Level 3) | Securities sold short
Fair value measurements [Line items]
Investments, Fair Value Disclosure	[1]	$ 0	$ 0
[1]	Included in Other liabilities on our Consolidated Balance Sheet.
[2]	Included in Cash and cash equivalents, Funds held on behalf of clients, and Other current assets on our Consolidated Balance Sheet.
[3]	Included in Investments on our Consolidated Balance Sheet.

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Properties [Line items]
Cost	$ 1,132.5	$ 1,131.1
Less accumulated depreciation and amortization	896.8	874.4
Properties, net	235.7	256.7
Aggregate Principle of IRB	87.6	73.2
Assets under capital lease, net	2.5	11.8
Assets under capital lease, accumulated depreciation	2.2	10.7
Depreciation
Depreciation expense	78.2	77.6	$ 80.7
Land
Properties [Line items]
Cost	34.2	35.9
Buildings
Properties [Line items]
Cost	160.3	181.5
Technology equipment
Properties [Line items]
Cost	213	200.5
Software
Properties [Line items]
Cost	508.2	489.4
Software | Business combinations
Properties [Line items]
Cost	57.7
Properties, net	14.5	14.5
Furniture, fixtures and other equipment
Properties [Line items]
Cost	122.1	138
Leasehold improvements
Properties [Line items]
Cost	76.4	72.2
Construction-in-progress
Properties [Line items]
Cost	18.3	13.6
Capitalized software development costs
Software development and maintenance costs
Capitalized software development costs	21.5	23.3	28.8
Amortization of capitalized software development costs	$ 22.9	$ 25.5	$ 25.3

Intangible Assets and Goodwil58

Intangible Assets and Goodwill (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Amortizable intangible assets
Carrying Amount	$ 232.1	$ 208.7
Accumulated Amortization	89.5	72.9
Customer relationships
Amortizable intangible assets
Carrying Amount	203.6	181.1
Accumulated Amortization	71	57.5
Other
Amortizable intangible assets
Carrying Amount	28.5	27.6
Accumulated Amortization	$ 18.5	$ 15.4

Intangible Assets and Goodwil59

Intangible Assets and Goodwill (Details 2) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 16.6	$ 12.5	$ 11.2
Annual amortization for intangible assets
2,017	16.8
2,018	16.6
2,019	15.5
2,020	13.1
2,021	12.7
Thereafter	67.9
Total	$ 142.6

Intangible Assets and Goodwil60

Intangible Assets and Goodwill (Details 3) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Jan. 01, 2015
Changes in carrying amount of goodwill
Balance at the beginning of the period	$ 458.3	$ 389.6
Acquisitions	61	75.8
Impairments	0	0
Other	(2.9)	(7.1)
Balance at the end of the period	516.4	458.3
Reallocation of goodwill between reporting segments			$ 6.7
Financial Services
Changes in carrying amount of goodwill
Balance at the beginning of the period	303.3	234.6
Acquisitions	61	75.8
Impairments	0	0
Other	(2.9)	(7.1)
Balance at the end of the period	361.4	303.3
Healthcare Services
Changes in carrying amount of goodwill
Balance at the beginning of the period	155	155
Acquisitions	0	0
Impairments	0	0
Other	0	0
Balance at the end of the period	$ 155	$ 155

Debt (Details)

Debt (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Notes and other indebtedness [Line Items]
Debt, Long-term and Short-term, Combined Amount	$ 508.2	$ 562.1
Less current portion of debt	208.5	5.6
Long-term debt	299.7	556.5
Accounts receivable securitization program
Notes and other indebtedness [Line Items]
Total	103.2	0
Revolving credit facilities
Notes and other indebtedness [Line Items]
Total	75	226.1
Senior notes
Notes and other indebtedness [Line Items]
Total	330	330
Related party credit agreements
Notes and other indebtedness [Line Items]
Total	0	1.5
Other indebtedness, net of unamortized debt issuance costs
Notes and other indebtedness [Line Items]
Total	$ 0	$ 4.5

Debt (Details 2)

Debt (Details 2) - USD ($) $ in Millions	Oct. 01, 2014	Aug. 09, 2010	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2011
Entity's debt and other obligations [Line Items]
Debt variable rate basis	Eurodollar
Proceeds from Lines of Credit			$ 977.1	$ 1,053.6	$ 929.8
Repayments of Lines of Credit			$ 1,128.2	$ 871.8	895.9
Short-term Debt, Weighted Average Interest Rate			2.36%	1.67%
Minimum
Entity's debt and other obligations [Line Items]
Increase in level of assumed interest rate and/or credit losses, percent			10.00%
Maximum
Entity's debt and other obligations [Line Items]
Increase in level of assumed interest rate and/or credit losses, percent			20.00%
Unsecured Revolving Line of Credit
Entity's debt and other obligations [Line Items]
Maximum borrowing capacity			$ 25
Debt variable rate basis			Prime
Accounts receivable securitization program
Entity's debt and other obligations [Line Items]
Maximum borrowing capacity			$ 150
Amount outstanding			103.2	$ 0
Proceeds from the accounts receivable securitization program			895.5	1,037.7	1,024.7
Payments in respect of accounts receivable securitization program			792.3	1,157.7	$ 1,054.7
Aggregate transfers of undivided interests in the receivables from the SPE to the conduit			$ 1,459.9	1,807.2
Debt variable rate basis			LIBOR
Amended revolving credit facilities
Entity's debt and other obligations [Line Items]
Maximum borrowing capacity			$ 850
Debt variable rate basis	Eurodollar, Federal Funds or prime rates
Amount outstanding under credit facility			75	226.1
Amended revolving credit facilities | Minimum
Entity's debt and other obligations [Line Items]
Annual facility fee (as a percent)	0.125%
Amended revolving credit facilities | Minimum | Eurodollar Rate
Entity's debt and other obligations [Line Items]
Basis spread on variable rate (as a percent)	1.00%
Amended revolving credit facilities | Minimum | Base rate
Entity's debt and other obligations [Line Items]
Basis spread on variable rate (as a percent)	0.00%
Amended revolving credit facilities | Maximum
Entity's debt and other obligations [Line Items]
Annual facility fee (as a percent)	0.30%
Amended revolving credit facilities | Maximum | Eurodollar Rate
Entity's debt and other obligations [Line Items]
Basis spread on variable rate (as a percent)	1.70%
Amended revolving credit facilities | Maximum | Base rate
Entity's debt and other obligations [Line Items]
Basis spread on variable rate (as a percent)	0.70%
Senior notes
Entity's debt and other obligations [Line Items]
Amount outstanding			330	330
Issuance of debt		$ 370
Prepayment as a percentage of aggregate principal amount outstanding, minimum		10.00%
Price at which the debt instrument may be prepaid, expressed as a percentage of the principal amount		100.00%
Minimum amount of indebtedness of subsidiary in which guarantee of Company's obligations under the Senior Notes is required		$ 100
Series A Senior Notes
Entity's debt and other obligations [Line Items]
Issuance of debt		$ 40
Interest rate on debt (as a percent)		4.19%
Series B Senior Notes
Entity's debt and other obligations [Line Items]
Issuance of debt		$ 105
Interest rate on debt (as a percent)		4.86%
Series C Senior Notes
Entity's debt and other obligations [Line Items]
Issuance of debt		$ 65
Interest rate on debt (as a percent)		5.06%
Series D Senior Notes
Entity's debt and other obligations [Line Items]
Issuance of debt		$ 160
Interest rate on debt (as a percent)		5.42%
Related party credit agreements
Entity's debt and other obligations [Line Items]
Amount outstanding			0	1.5
Related party credit agreements | Boston Financial Data Services, Inc.
Entity's debt and other obligations [Line Items]
Amount outstanding				1.5
Debt term (in years)						5 years
Other indebtedness, net of unamortized debt issuance costs
Entity's debt and other obligations [Line Items]
Amount outstanding			$ 0	4.5
Other indebtedness, net of unamortized debt issuance costs | 2006 Business acquisition
Entity's debt and other obligations [Line Items]
Amount outstanding				$ 3.4
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate				5.60%

Debt (Details 3)

Debt (Details 3) $ in Millions	Dec. 31, 2016USD ($)
Debt
2,017	$ 208.5
2,018	65
2,019	75
2,020	160
Total	$ 508.5

Debt (Details 4)

Debt (Details 4) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Senior notes | Carrying Value
Notes and other indebtedness [Line Items]
Amount outstanding	$ 330	$ 330
Senior notes | Estimated Fair Value
Notes and other indebtedness [Line Items]
Amount outstanding	346.3	349.5
Senior notes—Series B | Carrying Value
Notes and other indebtedness [Line Items]
Amount outstanding	105	105
Senior notes—Series B | Estimated Fair Value
Notes and other indebtedness [Line Items]
Amount outstanding	106.7	108.5
Senior notes—Series C | Carrying Value
Notes and other indebtedness [Line Items]
Amount outstanding	65	65
Senior notes—Series C | Estimated Fair Value
Notes and other indebtedness [Line Items]
Amount outstanding	67.5	68.2
Senior notes—Series D | Carrying Value
Notes and other indebtedness [Line Items]
Amount outstanding	160	160
Senior notes—Series D | Estimated Fair Value
Notes and other indebtedness [Line Items]
Amount outstanding	$ 172.1	$ 172.8

Hedging Transactions and Deri65

Hedging Transactions and Derivative Financial Instruments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Derivative [Line Items]
Cash flow hedge gain to be reclassified within 12 months	$ 0.1
Foreign currency contracts | Not designated as hedging instrument
Derivative [Line Items]
Total notional values	91.6	$ 125.4
Cash flow hedging | Forward foreign currency
Derivative [Line Items]
Total notional values	$ 14.3	$ 13.5
Minimum
Derivative [Line Items]
Maximum length of time hedged in cash flow hedge	1 year
Maximum
Derivative [Line Items]
Maximum length of time hedged in cash flow hedge	2 years

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Pretax income (loss)
U.S.									$ 248.2	$ 451.9	$ 627.9
International									31	6.9	116.8
Income from continuing operations before income taxes and non-controlling interest	$ 81.4	$ 82.6	$ 56.6	$ 58.6	$ 76.9	$ 82	$ 151.2	$ 148.7	279.2	458.8	744.7
Current
Federal									57.7	147.4	207.8
State and local									11.4	10.2	(23.8)
International									15	7.1	(1.5)
Total current									84.1	164.7	182.5
Deferred
Federal									19.9	(13.5)	5.3
State and local									(1.9)	0.5	(1.3)
International									(1)	(2.5)	(2.6)
Total deferred									17	(15.5)	1.4
Total provision for income taxes	27.3	31.6	22.1	20.1	22	15.9	55.7	55.6	101.1	149.2	183.9
Differences between the Company's effective income tax rate and the U.S. federal income tax statutory rate
Provision for income taxes using the statutory rate in effect									97.7	160.6	260.7
Tax effect of:
State and local income taxes, net									5.9	4.3	8.6
International income taxes, net									2.5	(1)	(1.9)
Gain on sale of DST Global Solutions Ltd.									0	0	(33.6)
Earnings of U.S. unconsolidated affiliates									(2.3)	(1.5)	(1.4)
Valuation allowance (reversal), net									(0.9)	1.2	0.8
Tax credits									(5)	(7.7)	(7.9)
Uncertain tax positions (reversal), net									1.7	(7.9)	(30.8)
Dividend received deduction									(0.8)	(1.2)	(2.6)
Domestic production activities deduction									(1.7)	(0.1)	(3.1)
Repatriation									1	1.9	0.7
Gain on share repurchase									0	0	(6.3)
Other									3	0.6	0.7
Total provision for income taxes	$ 27.3	$ 31.6	$ 22.1	$ 20.1	$ 22	$ 15.9	$ 55.7	$ 55.6	$ 101.1	$ 149.2	$ 183.9
Effective tax rate (as a percent)									36.20%	32.50%	24.70%
Statutory federal tax rate (as a percent)									35.00%	35.00%	35.00%

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Liabilities:
Deferred cancellation of debt income	$ (36.4)	$ (55.4)
Investments in available for sale securities	(62.2)	(54.8)
Unconsolidated affiliates and investments	(27.9)	(9.7)
Accumulated depreciation and amortization	(65.3)	(41.8)
Prepaid expenses	5.5	8.1
Total deferred tax liabilities	197.3	169.8
Assets:
Deferred compensation and other employee benefits	23.2	36.4
Net operating loss	8.5	12.8
Accrued liabilities	26.9	30.8
Other	1.4	3.1
Total deferred tax assets	60	83.1
Valuation allowance	(6)	(10.5)
Net deferred tax liability	$ (143.3)	$ (97.2)

Income Taxes (Details 3)

Income Taxes (Details 3) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating losses carryforwards [Line Items]
Valuation allowance	$ 6	$ 10.5
Dividends Received Deduction Percentage	80.00%
Income taxes additional disclosure
Cumulative amount of unremitted earnings of unconsolidated affiliates	$ 91.9
Deferred taxes provided on unremitted earnings of unconsolidated affiliates	6.5	6
Tax on distribution of foreign earnings	1	1.9	$ 0.7
Income tax liability, net of credits, on unremitted earnings	2.6	2.7
Accumulated undistributed earnings of foreign subsidiaries	113.6
Federal
Income taxes additional disclosure
Tax on distribution of foreign earnings	1	1.9	$ 0.7
Federal | Business combinations
Operating losses carryforwards [Line Items]
Net operating losses carryforwards	10.8
State
Operating losses carryforwards [Line Items]
Valuation allowance	0.3
State | Business combinations
Operating losses carryforwards [Line Items]
Net operating losses carryforwards	49.5
International jurisdictions
Operating losses carryforwards [Line Items]
Valuation allowance	5.7	$ 10.5
Canada | International jurisdictions
Operating losses carryforwards [Line Items]
Net operating losses carryforwards	0.7
U.K. | International jurisdictions
Operating losses carryforwards [Line Items]
Net operating losses carryforwards	$ 9.3

Income Taxes (Details 4)

Income Taxes (Details 4) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Reconciliation of the beginning and ending amount of unrecognized tax benefits
Balance at beginning of year	$ 60.3	$ 69.8	$ 102.2
Additions based on tax positions related to the current year	3.5	9	15.1
Additions for tax positions of prior years	2.7	2.2	0.9
Reductions for tax positions of prior years	(7.7)	(19.5)	(17.6)
Settlements	(1.2)	(0.4)	0
Statute expirations	0	(0.8)	(30.8)
Balance at end of year	57.6	60.3	69.8
Net unrecognized tax benefit that would affect the effective tax rate	40.9	42	$ 51.8
Interest and penalties liability increase (decrease)	(1.1)	2.1
Unrecognized tax benefits, interest and penalties liability	10.4
Resolution of federal income tax refund claims of domestic manufacturing deduction		$ 11.9
Minimum | U.S. government
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Uncertain tax positions that may reverse in 2016	10
Maximum | U.S. government
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Uncertain tax positions that may reverse in 2016	$ 13

Equity (Details)

Equity (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016		Dec. 31, 2015		Dec. 31, 2014
Equity [Abstract]
Income from continuing operations attributable to DST Systems, Inc.									$ 179		$ 309.7		$ 560.8
Income from discontinued operations, net of tax	$ (11.7)	$ 222.8	$ 18.7	$ 18.5	$ 12.8	$ 9	$ 12	$ 14.7	248.3		48.5		32.5
Net income attributable to DST Systems, Inc.	$ 42.9	$ 273.3	$ 53	$ 58.1	$ 67.8	$ 75.1	$ 107.5	$ 107.8	$ 427.3		$ 358.2		$ 593.3
Weighted average common shares outstanding	32.1	32.7	33.3	33.8	34.5	35.7	36.6	37.2	33		36		40
Incremental shares from restricted stock units, stock options and convertible debentures									0.3		0.4		0.5
Weighted average diluted shares outstanding	32.5	33	33.6	34.3	35	36.2	37	37.6	33.3		36.4		40.5
Basic earnings per share
Continuing operations attributable to DST Systems, Inc., per basic share (in dollars per share)	$ 1.70	$ 1.54	$ 1.03	$ 1.17	$ 1.59	$ 1.85	$ 2.61	$ 2.50	$ 5.43	[1]	$ 8.60	[1]	$ 14.01
Discontinued operation, per basic share (in dollars per share)	(0.36)	6.81	0.56	0.55	0.37	0.25	0.33	0.40	7.53	[1]	1.35	[1]	0.81
Basic earnings per share (in dollars per share)	1.34	8.35	1.59	1.72	1.96	2.10	2.94	2.90	12.96	[1]	9.95	[1]	14.82
Diluted earnings per share
Continuing operations attributable to DST Systems, Inc., per diluted share (in dollars per share)	1.68	1.53	1.03	1.16	1.57	1.83	2.58	2.48	5.37	[1]	8.50	[1]	13.86
Discontinued operation, per diluted share (in dollars per share)	(0.36)	6.75	0.55	0.54	0.37	0.25	0.33	0.39	7.45	[1]	1.33	[1]	0.80
Diluted earnings per share (in dollars per share)	$ 1.32	$ 8.28	$ 1.58	$ 1.70	$ 1.94	$ 2.08	$ 2.91	$ 2.87	$ 12.82	[1]	$ 9.83	[1]	$ 14.66
Shares outstanding	32				34.3				32		34.3
Shares from options to purchase common stock, excluded from diluted earnings per share calculation									0		0
Preferred stock, shares authorized	10				10				10		10
[1]	Earnings per share are computed independently for each of the quarters presented. Accordingly, the accumulation of quarterly earnings per share may not equal the total computed for the year.

Equity (Details 2)

Equity (Details 2) $ in Millions		12 Months Ended
		Dec. 31, 2016USD ($)affiliate		Dec. 31, 2015USD ($)		Dec. 31, 2014USD ($)
Components of accumulated other comprehensive income (loss)
Balance at beginning of the period		$ 41.9		$ 186.9
Net current period other comprehensive income (loss)		(25.3)		(145)		$ (121.3)
Balance at end of the period		16.6		41.9		186.9
Available-for-sale securities, Pretax
Unrealized gains (losses) on available-for-sale securities		18.1		(35.6)		28.1
Reclassification of gains into net earnings on available-for-sale securities	[1]	(2.1)		(163.5)		(179.1)
Net change in available-for-sale securities		16		(199.1)		(151)
Cash flow hedges, Pretax
Unrealized losses on cash flow hedges		0.1		0.4		0.2
Net change in cash flow hedges		0.1		0.1		0.5
Reclassification into net earnings upon liquidation of foreign entities, pretax	[2]	(0.5)		0		(41.9)
Current Period translation adjustments, pretax		(34.9)		(22)		14
Cumulative translation adjustments, Pretax		(35.4)		(22)		(27.9)
Other comprehensive loss		(19.3)		(221)		(178.4)
Available-for-sale securities, Net of Tax
Unrealized gains (losses) on available-for-sale securities		11.4		(21.8)		15.7
Reclassification of gains into net earnings on available-for-sale securities	[1]	(1.3)		(101.4)		(109.3)
Net change in available-for-sale securities		10.1		(123.2)		(93.6)
Cash flow hedges, Net of Tax
Proportional share of unconsolidated affiliates other comprehensive income		0		0.4		0.1
Net change in cash flow hedges		0		0.2		0.2
Reclassification into net earnings upon liquidation of foreign entities, net of tax		(0.5)	[2]	0	[2]	(41.9)
Current period translation adjustment, net of tax		(34.9)		(22)		14
Cumulative translation adjustments, Net of Tax		(35.4)		(22)		(27.9)
Other comprehensive loss		$ (25.3)		(145)		(121.3)
One of DST's unconsolidated affiliates
Cash flow hedges, Net of Tax
Number of unconsolidated affiliates with an interest rate swap | affiliate		1
Unconsolidated affiliate's interest rate swap liability, fair value		$ 33.1		44.7		50.2
Equity Method Investment, Ownership Percentage		50.00%
Proportionate share in unconsolidated affiliate's interest rate swap liability		$ 16.5		22.4		25.1
Foreign currency
Cash flow hedges, Pretax
Reclassification of losses into net earnings on cash flow hedges	[3]	0		(0.5)		0.2
Cash flow hedges, Net of Tax
Reclassification of losses into net earnings on cash flow hedges	[3]	0		(0.3)		0.1
Interest rate
Cash flow hedges, Pretax
Reclassification of losses into net earnings on cash flow hedges	[4]	0		0.2		0.1
Cash flow hedges, Net of Tax
Reclassification of losses into net earnings on cash flow hedges	[4]	0		0.1		0
Unrealized Gains on Available-for-Sale Securities
Components of accumulated other comprehensive income (loss)
Balance at beginning of the period		84		207.2
Net current period other comprehensive income (loss)		10.1		(123.2)
Balance at end of the period		94.1		84		207.2
Cash flow hedges, Net of Tax
Other comprehensive loss		10.1		(123.2)
Unrealized Loss on Cash Flow Hedges
Components of accumulated other comprehensive income (loss)
Balance at beginning of the period		(0.1)		(0.3)
Net current period other comprehensive income (loss)		0		0.2
Balance at end of the period		(0.1)		(0.1)		(0.3)
Cash flow hedges, Net of Tax
Other comprehensive loss		0		0.2
Foreign Currency Translation Adjustments
Components of accumulated other comprehensive income (loss)
Balance at beginning of the period		(42)		(20)
Net current period other comprehensive income (loss)		(35.4)		(22)
Balance at end of the period		(77.4)		(42)		$ (20)
Cash flow hedges, Net of Tax
Other comprehensive loss		$ (35.4)		$ (22)
[1]	Realized (gains)/losses on available-for-sale securities are recognized in Other income, net.
[2]	Reclassification upon liquidation of foreign entities are recognized in Gain on sale of business or Income from discontinued operations, net of tax.
[3]	Reclassification to net earnings of derivatives qualifying as effective foreign currency cash flow hedges are recognized in Costs and expenses.
[4]	Reclassification to net earnings of derivatives qualifying as effective interest rate cash flow hedges are recognized in Interest expense.

Equity (Details 3)

Equity (Details 3) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	Jan. 25, 2017	Oct. 31, 2014	May 31, 2014	Feb. 28, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Jun. 13, 2016	Mar. 23, 2014
Stock repurchases
Amount authorized under new share repurchase plan																$ 300
Common stock repurchased (in shares)													2.7	3.6	2.2
Aggregate repurchase price of common stock													$ 300	$ 400	$ 200
Shares outstanding					32				34.3				32	34.3
Stock Issued During Period, Value, New Issues			$ 450										$ 10.4	$ 18.7	$ 20
Stock Repurchase Program Additional, Number of Shares Authorized to be Repurchased															2.4
Gain on contract to repurchase common stock													0	0	$ 18.1
Treasury Stock, Shares, Retired		42.9
Retirement of treasury stock		$ 2,520.5													0
Amount of share withholdings for option exercises													$ 15.8	$ 5.3	$ 6.4
Common stock held in treasury					18				15.7				18	15.7
Dividends
Cash dividend paid (in dollars per share)					$ 0.33	$ 0.33	$ 0.33	$ 0.33	$ 0.30	$ 0.30	$ 0.30	$ 0.30	$ 1.32	$ 1.20	$ 1.20
Total dividend													$ 44.7	$ 44.5	$ 48.3
Aggregate cash dividend paid													43.4	43.1	47.6
Common Stock
Stock repurchases
Stock Repurchased and Retired During Period, Value															0.1
Retirement of treasury stock		0.4													0.5
Additional Paid-in Capital
Stock repurchases
Stock Issued During Period, Value, New Issues													$ 24.5	$ 5.2	8
Stock Repurchased and Retired During Period, Value															4.8
Retirement of treasury stock		93.5													98.3
Retained Earnings
Stock repurchases
Stock Repurchased and Retired During Period, Value															213.2
Retirement of treasury stock		$ 2,426.6													2,639.8
Argyros Group
Stock repurchases
Amount authorized under new share repurchase plan															$ 200
Shares outstanding																	9.2
Equity Method Investment, Ownership Percentage																	22.00%
Subsequent event
Stock repurchases
Common stock repurchased (in shares)				0.7
Aggregate repurchase price of common stock				$ 75
Stock Repurchase Program, Remaining Authorized Repurchase Amount				$ 75
Dividends
Cash dividend declared (in dollars per share)	$ 0.35

Equity (Details 4)

Equity (Details 4) shares in Millions	12 Months Ended
	Dec. 31, 2016shares
Employee Plan
Share-Based Compensation [Line Items]
Number of additional shares authorized	2.6
Number of shares available	2.1
Stock options
Share-Based Compensation [Line Items]
Vesting period	3 years

Equity (Details 5)

Equity (Details 5) - Stock options - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Shares
Outstanding at the beginning of the period (in shares)	0.4
Exercised (in shares)	(0.1)
Outstanding at the ending of the period (in shares)	0.3	0.4
Exercisable at the end of the period (in shares)	0.3
Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)	$ 45.67
Exercised (in dollars per share)	46.73
Outstanding at the ending of the period (in dollars per share)	45.41	$ 45.67
Exercisable at the end of the period (in dollars per share)	$ 45.41
Weighted Average Remaining Contractual Life (in years)
Outstanding at the end of the period (in years)	3 years 10 months 24 days
Exercisable at the end of the period (in years)	3 years 10 months 24 days
Aggregate Intrinsic Value
Exercised	$ 5.8	$ 15.4	$ 13.1

Equity (Details 6)

Equity (Details 6) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Additional share based compensation information
Future Allocated Share-based Compensation Expense Next Twelve Months	$ 11.4
Future Allocated Share-based Compensation Expense Year Two	6.8
Future Allocated Share-based Compensation Expense Year Three	1.5
Unrecognized compensation expense on awards not expected to vest	46.9
Amortization of share based compensation	16.3	$ 27.9	$ 21
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	6.4	10.9	8.2
Excess tax benefits from share based compensation	4.7	5.6	6.1
Proceeds from issuance of common stock	5.3	$ 11.8	13
Additional paid-in capital
Additional share based compensation information
Unrecognized stock-based compensation expense	$ 66.6
Restricted shares with service and performance features
Shares
Non-vested at the end of the period (in shares)	0.2
Performance-based awards
Shares
Non-vested at the end of the period (in shares)	0.7
Restricted stock awards
Shares
Non-vested at the beginning of the period (in shares)	0.9
Granted (in shares)	0.5
Vested (in shares)	(0.4)
Forfeited (in shares)	(0.1)
Non-vested at the end of the period (in shares)	0.9	0.9
Weighted Average Grant Date Fair Value
Non-vested at the beginning of the period (in dollars per share)	$ 91.32
Granted (in dollars per share)	107.49
Vested (in dollars per share)	81.54
Forfeited (in dollars per share)	84.19
Non-vested at the end of the period (in dollars per share)	$ 104.76	$ 91.32
Additional share based compensation information
Grant date fair value of restricted stock awards vested	$ 30.2	$ 9.6	9.7
Additional paid-in capital
Additional share based compensation information
Amortization of share based compensation	$ 16.3	$ 27.9	$ 21

Equity (Details 7)

Equity (Details 7) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Equity [Abstract]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	47.00%				37.00%				47.00%	37.00%
Redeemable Non-controlling Interest	$ 21.3				$ 15.1				$ 21.3	$ 15.1
Net loss attributable to non-controlling interest	$ 0.5	$ (0.5)	$ (0.2)	$ 1.1	$ 0.1	$ 0	$ 0	$ 0	$ 0.9	$ 0.1	$ 0

Benefit Plans (Details)

Benefit Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined contribution plans
Employer contribution expenses	$ 35	$ 33.9	$ 30.7
Amounts deferred under non-qualified deferred compensation plans	$ 12.7	$ 20.4

Supplemental Cash Flow Inform78

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash payments :
Interest paid during the year	$ 22.9	$ 24.3	$ 25.2
Income taxes paid during the year	164.5	217.4	205.4
Non cash investing and financing activities :
Changes in accrued capital expenditures	2	4	3.3
Gain on contract to repurchase common stock	0	0	18.1
Charitable contribution of marketable securities	2	0	0.5
Deposits with broker for securities sold short	8.4	10.8	0
Securities sold short	$ 8.2	$ 10.7	$ 0

Commitments and Contingencies79

Commitments and Contingencies (Details) $ in Millions	Dec. 31, 2016USD ($)
Debt
2,017	$ 208.5
2,018	65
2,019	75
2,020	160
2,021	0
Thereafter	0
Total	508.5
Operating Leases
2,017	18.8
2,018	17.2
2,019	13.1
2,020	10.2
2,021	8.9
Thereafter	12.3
Total	80.5
Software License Agreements
2,017	50.1
2,018	6.5
2,019	5.3
2,020	1.6
2,021	0
Thereafter	0
Total	63.5
Other
2,017	13.8
2,018	11.3
2,019	4.5
2,020	0.4
2,021	0.5
Thereafter	0.2
Total	30.7
Total
2,017	291.2
2,018	100
2,019	97.9
2,020	172.2
2,021	9.4
Thereafter	12.5
Total	$ 683.2

Commitments and Contingencies80

Commitments and Contingencies (Details 2) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Commitments and Contingencies [Line Items]
Letters of credit, outstanding	$ 5.9	$ 10.6
Rental costs
Rent expense	22.2	23.6	$ 26.8
Unconsolidated real estate affiliates
Rental costs
Rent expense	$ 5.9	$ 6.8	$ 11.4
Minimum
Commitments and Contingencies [Line Items]
Lease term	1 year
Maximum
Commitments and Contingencies [Line Items]
Lease term	10 years

Segment and Geographic Inform81

Segment and Geographic Information (Details) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2016USD ($)segment	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Summary of financial information of segments
Number of operating segments | segment									2
Revenues	$ 373.7	$ 365.5	$ 373.9	$ 361.3	$ 362.3	$ 353.4	$ 349.3	$ 340	$ 1,474.4	$ 1,405	$ 1,445.5
Out-of-pocket reimbursements	25.1	21.2	16.6	19.4	20.9	18.2	14.2	15.7	82.3	69	59.3
Total revenues	398.8	386.7	390.5	380.7	383.2	371.6	363.5	355.7	1,556.7	1,474	1,504.8
Costs and expenses	296.5	289.6	320.4	306.9	295.9	287.1	289.7	277.5	1,213.4	1,150.2	1,149.1
Depreciation and amortization	26.9	22.8	24.2	22.1	25.1	22.9	21.7	21.4	96	91.1	93
Operating income (loss)	75.4	74.3	45.9	51.7	62.2	61.6	52.1	56.8	247.3	232.7	262.7
Other income (loss), net	2.7	6.7	7	6.3	14.6	14.4	92.2	83.3	22.7	204.5	373.1
Gain on sale of business	5.5	0	0	0					5.5	0	100.5
Equity in earnings of unconsolidated affiliates	3.3	7	10.2	6.7	6.2	11.8	12.7	14.7	27.2	45.4	34.7
Earnings from continuing operations before interest, income taxes and non-controlling interest									302.7	482.6	771
Interest expenses	5.5	$ 5.4	$ 6.5	$ 6.1	6.1	$ 5.8	$ 5.8	$ 6.1	23.5	23.8	26.3
Assets	2,771.8				2,813.2				2,771.8	2,813.2
Operating
Summary of financial information of segments
Revenues									1,474.4	1,405	1,445.5
Operating | Financial Services
Summary of financial information of segments
Revenues									1,047.3	1,025.5	1,056.3
Out-of-pocket reimbursements									73.9	61.7	52.6
Total revenues									1,164.1	1,125.5	1,141.4
Costs and expenses									908.3	869.8	867.9
Depreciation and amortization									79.7	71.6	72.2
Operating income (loss)									176.1	184.1	201.3
Other income (loss), net									(2.2)	(2.1)	19.5
Gain on sale of business									5.5		100.5
Equity in earnings of unconsolidated affiliates									21.2	35.3	29.8
Earnings from continuing operations before interest, income taxes and non-controlling interest									200.6	217.3	351.1
Assets	1,717.1				1,611.2				1,717.1	1,611.2
Operating | Healthcare Services
Summary of financial information of segments
Revenues									426.2	376.4	382.1
Out-of-pocket reimbursements									8.5	8.2	6.9
Total revenues									434.7	384.6	389
Costs and expenses									345.1	321.3	308.5
Depreciation and amortization									15.6	18.6	19.5
Operating income (loss)									74	44.7	61
Other income (loss), net									0.1	(0.1)	0.1
Gain on sale of business									0		0
Equity in earnings of unconsolidated affiliates									0.5	0.3	0.5
Earnings from continuing operations before interest, income taxes and non-controlling interest									74.6	44.9	61.6
Assets	552.2				405.3				552.2	405.3
Operating | Investments/Other
Summary of financial information of segments
Revenues									0.9	3.1	7.1
Out-of-pocket reimbursements									0	0	0
Total revenues									0.9	3.1	7.1
Costs and expenses									3	(1.7)	5.4
Depreciation and amortization									0.7	0.9	1.3
Operating income (loss)									(2.8)	3.9	0.4
Other income (loss), net									24.8	206.7	353.5
Gain on sale of business									0		0
Equity in earnings of unconsolidated affiliates									5.5	9.8	4.4
Earnings from continuing operations before interest, income taxes and non-controlling interest									27.5	220.4	358.3
Assets	431.4				502.7				431.4	502.7
Intersegment Operating/Elimination/Adjustments
Summary of financial information of segments
Revenues									(42.9)	(38.3)	(32.5)
Out-of-pocket reimbursements									(0.1)	(0.9)	(0.2)
Total revenues									(43)	(39.2)	(32.7)
Costs and expenses									(43)	(39.2)	(32.7)
Depreciation and amortization									0	0	0
Operating income (loss)									0	0	0
Other income (loss), net									0	0	0
Gain on sale of business									0		0
Equity in earnings of unconsolidated affiliates									0	0	0
Earnings from continuing operations before interest, income taxes and non-controlling interest									0	0	0
Assets	(1.5)				(3.5)				(1.5)	(3.5)
Intersegment Operating/Elimination/Adjustments | Financial Services
Summary of financial information of segments
Revenues									42.9	38.3	32.5
Intersegment Operating/Elimination/Adjustments | Healthcare Services
Summary of financial information of segments
Revenues									0	0	0
Intersegment Operating/Elimination/Adjustments | Investments/Other
Summary of financial information of segments
Revenues									0	0	$ 0
Discontinued Operations, Held-for-sale | Customer Communications
Summary of financial information of segments
Assets held for sale	$ 72.6				$ 297.5				$ 72.6	$ 297.5

Segment and Geographic Inform82

Segment and Geographic Information (Details 2) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment and Geographic Information
Revenues	$ 398.8	$ 386.7	$ 390.5	$ 380.7	$ 383.2	$ 371.6	$ 363.5	$ 355.7	$ 1,556.7	$ 1,474	$ 1,504.8
Long-lived assets	286				313.7				286	313.7
Reportable Geographical Components | U.S.
Segment and Geographic Information
Revenues									1,417.2	1,350.6	1,323.7
Long-lived assets	249.9				274.7				249.9	274.7
Reportable Geographical Components | U.K.
Segment and Geographic Information
Revenues									78.1	65.6	58.5
Long-lived assets	25.9				29.1				25.9	29.1
Reportable Geographical Components | Canada
Segment and Geographic Information
Revenues									19.3	21.7	64.9
Long-lived assets	0.4				5.6				0.4	5.6
Reportable Geographical Components | Australia
Segment and Geographic Information
Revenues									25.4	20.5	25.8
Long-lived assets	8				2.6				8	2.6
Reportable Geographical Components | Others
Segment and Geographic Information
Revenues									16.7	15.6	31.9
Long-lived assets	1.8				1.7				1.8	1.7
Reportable Geographical Components | Total international
Segment and Geographic Information
Revenues									139.5	123.4	$ 181.1
Long-lived assets	$ 36.1				$ 39				$ 36.1	$ 39

Quarterly Financial Data (Una83

Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016		Dec. 31, 2015		Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Operating revenues	$ 373.7	$ 365.5	$ 373.9	$ 361.3	$ 362.3	$ 353.4	$ 349.3	$ 340	$ 1,474.4		$ 1,405		$ 1,445.5
Out-of-pocket reimbursements	25.1	21.2	16.6	19.4	20.9	18.2	14.2	15.7	82.3		69		59.3
Total revenues	398.8	386.7	390.5	380.7	383.2	371.6	363.5	355.7	1,556.7		1,474		1,504.8
Costs and expenses	296.5	289.6	320.4	306.9	295.9	287.1	289.7	277.5	1,213.4		1,150.2		1,149.1
Depreciation and amortization	26.9	22.8	24.2	22.1	25.1	22.9	21.7	21.4	96		91.1		93
Operating income	75.4	74.3	45.9	51.7	62.2	61.6	52.1	56.8	247.3		232.7		262.7
Interest expense	(5.5)	(5.4)	(6.5)	(6.1)	(6.1)	(5.8)	(5.8)	(6.1)	(23.5)		(23.8)		(26.3)
Gain on sale of business	5.5	0	0	0					5.5		0		100.5
Other income, net	2.7	6.7	7	6.3	14.6	14.4	92.2	83.3	22.7		204.5		373.1
Equity in earnings of unconsolidated affiliates	3.3	7	10.2	6.7	6.2	11.8	12.7	14.7	27.2		45.4		34.7
Income from continuing operations before income taxes and non-controlling interest	81.4	82.6	56.6	58.6	76.9	82	151.2	148.7	279.2		458.8		744.7
Income taxes	27.3	31.6	22.1	20.1	22	15.9	55.7	55.6	101.1		149.2		183.9
Income from continuing operations before non-controlling interest	54.1	51	34.5	38.5	54.9	66.1	95.5	93.1	178.1		309.6		560.8
Income from discontinued operations, net of tax	(11.7)	222.8	18.7	18.5	12.8	9	12	14.7	248.3		48.5		32.5
Net income	42.4	273.8	53.2	57	67.7	75.1	107.5	107.8	426.4		358.1		593.3
Net loss attributable to non-controlling interest	0.5	(0.5)	(0.2)	1.1	0.1	0	0	0	0.9		0.1		0
Net income attributable to DST Systems, Inc.	$ 42.9	$ 273.3	$ 53	$ 58.1	$ 67.8	$ 75.1	$ 107.5	$ 107.8	$ 427.3		$ 358.2		$ 593.3
Weighted average common shares outstanding	32.1	32.7	33.3	33.8	34.5	35.7	36.6	37.2	33		36		40
Weighted average diluted shares outstanding	32.5	33	33.6	34.3	35	36.2	37	37.6	33.3		36.4		40.5
Continuing operations attributable to DST Systems, Inc., per basic share (in dollars per share)	$ 1.70	$ 1.54	$ 1.03	$ 1.17	$ 1.59	$ 1.85	$ 2.61	$ 2.50	$ 5.43	[1]	$ 8.60	[1]	$ 14.01
Discontinued operation, per basic share (in dollars per share)	(0.36)	6.81	0.56	0.55	0.37	0.25	0.33	0.40	7.53	[1]	1.35	[1]	0.81
Basic earnings per share (in dollars per share)	1.34	8.35	1.59	1.72	1.96	2.10	2.94	2.90	12.96	[1]	9.95	[1]	14.82
Continuing operations attributable to DST Systems, Inc., per diluted share (in dollars per share)	1.68	1.53	1.03	1.16	1.57	1.83	2.58	2.48	5.37	[1]	8.50	[1]	13.86
Discontinued operation, per diluted share (in dollars per share)	(0.36)	6.75	0.55	0.54	0.37	0.25	0.33	0.39	7.45	[1]	1.33	[1]	0.80
Diluted earnings per share (in dollars per share)	1.32	8.28	1.58	1.70	1.94	2.08	2.91	2.87	12.82	[1]	9.83	[1]	14.66
Cash dividends per share of common stock (in dollars per share)	$ 0.33	$ 0.33	$ 0.33	$ 0.33	$ 0.30	$ 0.30	$ 0.30	$ 0.30	$ 1.32		$ 1.20		$ 1.20
[1]	Earnings per share are computed independently for each of the quarters presented. Accordingly, the accumulation of quarterly earnings per share may not equal the total computed for the year.