Invesco (IVZ) 10-Q 2 Aug 23 2023 Q2 Quarterly report Financial data

Cover Page

Cover Page	6 Months Ended
	Jun. 30, 2023 shares
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-13908
Entity Registrant Name	Invesco Ltd.
Entity Incorporation, State or Country Code	D0
Entity Tax Identification Number	98-0557567
Entity Address, Address Line One	1331 Spring Street,
Entity Address, Address Line Two	Suite 2500,
Entity Address, City or Town	Atlanta,
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30309
City Area Code	404
Local Phone Number	892-0896
Title of 12(b) Security	Common stock, $0.20 par value
Trading Symbol	IVZ
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	448,620,544
Entity Central Index Key	0000914208
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 1,009.9	$ 1,234.7
Accounts receivable	703.2	801.8
Investments	992.1	996.6
Cash and cash equivalents of CIP	277.2	199.4
Accounts receivable and other assets of CIP	197.6	203.7
Investments of CIP	8,611.3	8,531.4
Assets held for policyholders	444	668.7
Other assets	844.2	860.5
Property, equipment and software, net	585.3	561.1
Intangible assets, net	7,118	7,141.2
Goodwill	8,675	8,557.7
Total assets	29,457.8	29,756.8
LIABILITIES
Accrued compensation and benefits	570.6	860.8
Accounts payable and accrued expenses	1,360.7	1,314.8
Debt of CIP	6,884.5	6,590.4
Other liabilities of CIP	357.3	329.6
Policyholder payables	444	668.7
Debt	1,488.6	1,487.6
Deferred tax liabilities, net	1,643.5	1,662.7
Total liabilities	12,749.2	12,914.6
Commitments and contingencies (See Note 10)
TEMPORARY EQUITY
Redeemable noncontrolling interests in consolidated entities	841.9	998.7
Equity attributable to Invesco Ltd.:
Preferred shares ($0.20 par value; $1,000 liquidation preference; 4.0 million authorized, issued and outstanding as of June 30, 2023 and December 31, 2022)	4,010.5	4,010.5
Common shares ($0.20 par value; 1,050.0 million authorized; 566.1 million shares issued as of June 30, 2023 and December 31, 2022)	113.2	113.2
Additional paid-in-capital	7,433	7,554.9
Treasury shares	(3,027.4)	(3,040.9)
Retained earnings	7,617.9	7,518.3
Accumulated other comprehensive income/(loss), net of tax	(818.3)	(942.4)
Total equity attributable to Invesco Ltd.	15,328.9	15,213.6
Equity attributable to nonredeemable noncontrolling interests in consolidated entities	537.8	629.9
Total permanent equity	15,866.7	15,843.5
Total liabilities, temporary and permanent equity	$ 29,457.8	$ 29,756.8

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock par value (usd per share)	$ 0.20	$ 0.20
Liquidation preference per share (usd per share)	$ 1,000	$ 1,000
Preferred stock authorized (shares)	4,000,000	4,000,000
Preferred shares issued (shares)	4,000,000	4,000,000
Preferred shares outstanding (shares)	4,000,000	4,000,000
Common stock par value (in usd per share)	$ 0.20	$ 0.20
Common stock authorized (shares)	1,050,000,000	1,050,000,000
Common stock issued (shares)	566,100,000	566,100,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Operating revenues:
Total operating revenues	$ 1,442.8	$ 1,530.4	$ 2,861	$ 3,159.8
Operating expenses:
Third-party distribution, service and advisory	462.5	475	917.6	987.6
Employee compensation	475.7	407.2	938.5	840.1
Marketing	29	33.8	54	55.5
Property, office and technology	137.1	135	271.5	267
General and administrative	121.6	119.7	197.3	221.9
Transaction, integration and restructuring	0	0.2	41.6	35.4
Amortization of intangibles	13.1	14.8	27.2	29.9
Total operating expenses	1,239	1,185.7	2,447.7	2,437.4
Operating income	203.8	344.7	413.3	722.4
Other income/(expense):
Equity in earnings of unconsolidated affiliates	19.2	24.7	45.3	58.1
Interest and dividend income	7.1	2.1	15.7	3.3
Interest expense	(18.4)	(25.8)	(36.4)	(49)
Other gains/(losses), net	20.9	(90)	48.3	(135.5)
Other income/(expense) of CIP, net	(2.7)	26.2	(20.6)	2.9
Income before income taxes	229.9	281.9	465.6	602.2
Income tax provision	(65.5)	(63)	(135.4)	(145.8)
Net income	164.4	218.9	330.2	456.4
Net (income)/loss attributable to noncontrolling interests in consolidated entities	27	(38.7)	65.4	(19.3)
Dividends declared on preferred shares	(59.2)	(59.2)	(118.4)	(118.4)
Net income attributable to Invesco Ltd.	$ 132.2	$ 121	$ 277.2	$ 318.7
Earnings per common share:
Basic (usd per share)	$ 0.29	$ 0.27	$ 0.61	$ 0.70
Diluted (usd per share)	$ 0.29	$ 0.26	$ 0.60	$ 0.69
Investment management fees
Operating revenues:
Total operating revenues	$ 1,033.5	$ 1,113.5	$ 2,061.4	$ 2,294
Service and distribution fees
Operating revenues:
Total operating revenues	342.3	353.8	676.5	732.8
Performance fees
Operating revenues:
Total operating revenues	19.6	9.2	25.2	10.2
Other
Operating revenues:
Total operating revenues	$ 47.4	$ 53.9	$ 97.9	$ 122.8

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 164.4	$ 218.9	$ 330.2	$ 456.4
Other comprehensive income/(loss), net of tax:
Currency translation differences on investments in foreign subsidiaries	63.8	(292.9)	118.9	(360.1)
Other comprehensive income/(loss), net of tax	0.8	0.3	5.2	0.5
Other comprehensive income/(loss)	64.6	(292.6)	124.1	(359.6)
Total comprehensive income/(loss)	229	(73.7)	454.3	96.8
Comprehensive loss/(income) attributable to noncontrolling interests in consolidated entities	27	(38.7)	65.4	(19.3)
Dividends declared on preferred shares	(59.2)	(59.2)	(118.4)	(118.4)
Comprehensive income/(loss) attributable to Invesco Ltd.	$ 196.8	$ (171.6)	$ 401.3	$ (40.9)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating activities:
Net income	$ 330.2	$ 456.4
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
Amortization and depreciation	94.2	98.8
Common share-based compensation expense	69.8	57.1
Other (gains)/losses, net	(48.3)	135.5
Other (gains)/losses of CIP, net	120	66.7
Equity in earnings of unconsolidated affiliates	(45.3)	(58.1)
Distributions from equity method investees	6.5	70.3
Changes in operating assets and liabilities:
(Purchase)/sale of investments by CIP, net	(164.3)	(299.7)
(Purchase)/sale of investments, net	5.8	(25.2)
(Increase)/decrease in receivables	397	509.3
Increase/(decrease) in payables	(533.2)	(1,263.4)
Net cash provided by/(used in) operating activities	232.4	(252.3)
Investing activities:
Purchase of property, equipment and software	(84.8)	(57.1)
Purchase of investments by CIP	(1,190.9)	(1,709.2)
Sale of investments by CIP	1,251.7	1,653.9
Purchase of investments	(62)	(119.9)
Sale of investments	35.1	54.9
Capital distribution from equity method investees	12.3	16.9
Net cash inflows/(outflows) upon consolidation/deconsolidation of CIP	(10.6)	4.7
Net cash provided by/(used in) investing activities	(49.2)	(155.8)
Financing activities:
Purchases of treasury shares	(179.2)	(234.4)
Dividends paid - preferred	(118.4)	(118.4)
Dividends paid - common	(177.6)	(163.4)
Third-party capital invested into CIP	51.5	446.8
Third-party capital distributed by CIP	(150)	(130.3)
Borrowings of debt of CIP	251.8	84.9
Repayments of debt of CIP	(27.7)	(2.8)
Net borrowings/(repayments) under credit facility	0	184.6
Repayments of senior notes	0	(600)
Net cash provided by/(used in) financing activities	(349.6)	(533)
Increase/(decrease) in cash and cash equivalents	(166.4)	(941.1)
Foreign exchange movement on cash and cash equivalents	18.2	(65.4)
Foreign exchange movement on cash and cash equivalents of CIP	1.2	(7.8)
Cash and cash equivalents, beginning of period	1,434.1	2,147.1
Cash and cash equivalents, end of period	1,287.1	1,132.8
Cash and cash equivalents	1,009.9	936.8
Cash and cash equivalents of CIP	277.2	196
Total cash and cash equivalents per condensed consolidated statement of cash flows	$ 1,287.1	$ 1,132.8

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($) $ in Millions	Total	Preferred Shares	Common Shares	Additional Paid-in-Capital	Treasury Shares	Retained Earnings	Accumulated Other Comprehensive Income/(Loss)	Total Equity Attributable to Invesco Ltd.	Nonredeemable Noncontrolling Interests in Consolidated Entities
Beginning balance at Dec. 31, 2021	$ 16,168	$ 4,010.5	$ 113.2	$ 7,688	$ (3,043.6)	$ 7,169.2	$ (441.5)	$ 15,495.8	$ 672.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	489.8					437.1		437.1	52.7
Other comprehensive income/(loss)	(359.6)						(359.6)	(359.6)
Change in noncontrolling interests in consolidated entities, net	(43.8)								(43.8)
Dividends declared - preferred	(118.4)					(118.4)		(118.4)
Dividends declared - common	(164.7)					(164.7)		(164.7)
Common share-based compensation	57.1			57.1				57.1
Vested common shares				(182.7)	182.7
Other common share awards	0.8			0.8				0.8
Purchase of common shares	(234.4)				(234.4)			(234.4)
Ending balance at Jun. 30, 2022	15,794.8	4,010.5	113.2	7,563.2	(3,095.3)	7,323.2	(801.1)	15,113.7	681.1
Beginning balance at Dec. 31, 2021	510.8
Increase (Decrease) in Temporary Equity [Roll Forward]
Net income	(33.4)
Change in noncontrolling interests in consolidated entities, net	415.4
Ending balance at Jun. 30, 2022	892.8
Beginning balance at Mar. 31, 2022	15,986.2	4,010.5	113.2	7,547	(3,105.1)	7,287.9	(508.5)	15,345	641.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	241.1					180.2		180.2	60.9
Other comprehensive income/(loss)	(292.6)						(292.6)	(292.6)
Change in noncontrolling interests in consolidated entities, net	(21)								(21)
Dividends declared - preferred	(59.2)					(59.2)		(59.2)
Dividends declared - common	(85.7)					(85.7)		(85.7)
Common share-based compensation	27.6			27.6				27.6
Vested common shares				(11.7)	11.7
Other common share awards	0.3			0.3				0.3
Purchase of common shares	(1.9)				(1.9)			(1.9)
Ending balance at Jun. 30, 2022	15,794.8	4,010.5	113.2	7,563.2	(3,095.3)	7,323.2	(801.1)	15,113.7	681.1
Beginning balance at Mar. 31, 2022	801.1
Increase (Decrease) in Temporary Equity [Roll Forward]
Net income	(22.2)
Change in noncontrolling interests in consolidated entities, net	113.9
Ending balance at Jun. 30, 2022	892.8
Beginning balance at Dec. 31, 2022	15,843.5	4,010.5	113.2	7,554.9	(3,040.9)	7,518.3	(942.4)	15,213.6	629.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	356.9					395.6		395.6	(38.7)
Other comprehensive income/(loss)	124.1						124.1	124.1
Change in noncontrolling interests in consolidated entities, net	(53.4)								(53.4)
Dividends declared - preferred	(118.4)					(118.4)		(118.4)
Dividends declared - common	(177.6)					(177.6)		(177.6)
Common share-based compensation	69.8			69.8				69.8
Vested common shares				(188.3)	188.3
Other common share awards	1			(3.4)	4.4			1
Purchase of common shares	(179.2)				(179.2)			(179.2)
Ending balance at Jun. 30, 2023	15,866.7	4,010.5	113.2	7,433	(3,027.4)	7,617.9	(818.3)	15,328.9	537.8
Beginning balance at Dec. 31, 2022	998.7
Increase (Decrease) in Temporary Equity [Roll Forward]
Net income	(26.7)
Change in noncontrolling interests in consolidated entities, net	(130.1)
Ending balance at Jun. 30, 2023	841.9
Beginning balance at Mar. 31, 2023	15,930.2	4,010.5	113.2	7,412.6	(2,888)	7,577.6	(882.9)	15,343	587.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	177.5					191.4		191.4	(13.9)
Other comprehensive income/(loss)	64.6						64.6	64.6
Change in noncontrolling interests in consolidated entities, net	(35.5)								(35.5)
Dividends declared - preferred	(59.2)					(59.2)		(59.2)
Dividends declared - common	(91.9)					(91.9)		(91.9)
Common share-based compensation	32			32				32
Vested common shares				(7.7)	7.7
Other common share awards	0.5			(3.9)	4.4			0.5
Purchase of common shares	(151.5)				(151.5)			(151.5)
Ending balance at Jun. 30, 2023	15,866.7	$ 4,010.5	$ 113.2	$ 7,433	$ (3,027.4)	$ 7,617.9	$ (818.3)	$ 15,328.9	$ 537.8
Beginning balance at Mar. 31, 2023	879.6
Increase (Decrease) in Temporary Equity [Roll Forward]
Net income	(13.1)
Change in noncontrolling interests in consolidated entities, net	(24.6)
Ending balance at Jun. 30, 2023	$ 841.9

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Changes in Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Stockholders' Equity [Abstract]
Preferred stock dividend declared (usd per share)	$ 14.75	$ 14.75	$ 29.50	$ 29.50
Common stock dividends declared per share (usd per share)	$ 0.20	$ 0.1875	$ 0.3875	$ 0.3575

ACCOUNTING POLICIES

ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
ACCOUNTING POLICIES	ACCOUNTING POLICIES Corporate Information Invesco Ltd. (the Parent) and its consolidated entities (collectively, the company or Invesco) provide retail and institutional clients with an array of investment management capabilities. The company operates globally and its sole business is investment management. Certain disclosures included in the company’s annual report on Form 10-K for the year ended December 31, 2022 (annual report or Form 10-K) are not required to be included on an interim basis in the company’s quarterly reports on Forms 10-Q (Report). The company has condensed or omitted these disclosures. Therefore, this Report should be read in conjunction with the company’s annual report. Basis of Accounting and Consolidation The unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) for interim financial information and with rules and regulations of the U.S. Securities and Exchange Commission (SEC) and consolidate the financial statements of the Parent and all of its controlled subsidiaries. In the opinion of management, the Condensed Consolidated Financial Statements reflect all adjustments, consisting of normal recurring accruals, which are necessary for the fair presentation of the financial condition and results of operations for the periods presented. All significant intercompany transactions, balances, revenues and expenses are eliminated upon consolidation. The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from those estimates. Accounting Pronouncements Recently Adopted None. Pending Accounting Pronouncements None.

FAIR VALUE OF ASSETS AND LIABIL

FAIR VALUE OF ASSETS AND LIABILITIES	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE OF ASSETS AND LIABILITIES	FAIR VALUE OF ASSETS AND LIABILITIES The fair value of financial instruments are presented in the below summary table. The fair value of financial instruments held by CIP are presented in Note 11, "Consolidated Investment Products". See the company’s most recently filed Form 10-K for additional disclosures on valuation methodology and fair value. June 30, 2023 December 31, 2022 $ in millions Fair Value Fair Value Cash and cash equivalents 1,009.9 1,234.7 Equity investments 282.9 325.0 Foreign time deposits (1) 15.1 25.7 Assets held for policyholders 444.0 668.7 Policyholder payables (1) (444.0) (668.7) Total return swaps related to deferred compensation plans 19.3 (1.6) ____________ (1) These financial instruments are not measured at fair value on a recurring basis. Foreign time deposits are measured at cost plus accrued interest, which approximates fair value, and are accordingly classified as Level 2 securities. Policyholder payables are indexed to the value of the assets held for policyholders and changes in fair value are recorded and offset to zero in other operating revenues . The following table presents, by hierarchy levels, the carrying value of the company’s assets and liabilities, including major security type for equity and debt securities, which are measured at fair value on the company’s Condensed Consolidated Balance Sheets as of June 30, 2023 and December 31, 2022, respectively: As of June 30, 2023 $ in millions Fair Value Measurements Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Assets: Cash equivalents: Money market funds (1) 565.4 565.4 — — Investments: (2) Equity investments: Seed capital 96.2 96.2 — — Investments related to deferred compensation plans 185.8 185.8 — — Other equity securities 0.9 0.9 — — Assets held for policyholders (3) 444.0 444.0 — — Total return swaps related to deferred compensation plans 19.3 — 19.3 — Total 1,311.6 1,292.3 19.3 — Liabilities: Contingent consideration liability (1.3) — — (1.3) Total (1.3) — — (1.3) As of December 31, 2022 $ in millions Fair Value Measurements Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Assets: Cash equivalents: Money market funds (1) 760.8 760.8 — — Investments (2) : Equity investments: Seed capital 177.9 177.9 — — Investments related to deferred compensation plans 146.1 146.1 — — Other equity securities 1.0 1.0 — — Assets held for policyholders (3) 668.7 668.7 — — Total 1,754.5 1,754.5 — — Liabilities: Total return swaps related to deferred compensation plans (1.6) — (1.6) — Contingent consideration liability (1.3) — — (1.3) Total (2.9) — (1.6) (1.3) ____________ ( 1) The balance primarily represents cash held in affiliated money market funds. (2) Foreign time deposits of $15.1 million (December 31, 2022: $25.7 million) are excluded from this table. Equity method and other investments of $669.5 million and $24.6 million, respectively, (December 31, 2022: $621.2 million and $24.7 million, respectively) are also excluded from this table. These investments are not measured at fair value, in accordance with applicable accounting standards. (3) The majority of a ssets held for policyholders are held in affiliated funds. Total Return Swaps (TRS) In addition to holding equity investments, the company has TRS to hedge economically cer tain deferred compensation liabilities. The notional value of the TRS at June 30, 2023 was $389.2 million , and the fair value of the TRS was an asset of $19.3 million (December 31, 2022 notional value was $326.6 million and the fair value was a liability of $1.6 million). During the three months and six months ended June 30, 2023, market valuation gains related to the TRS of $7.3 million and $20.3 million were recognized in Other gains/(losses), net (three and six months ended June 30, 2022: $50.3 million and $72.1 million net losses).

INVESTMENTS

INVESTMENTS	6 Months Ended
	Jun. 30, 2023
Investments [Abstract]
INVESTMENTS	INVESTMENTS The disclosures below include details of the company’s investments. Investments held by CIP are detailed in Note 11, "Consolidated Investment Products". $ in millions June 30, 2023 December 31, 2022 Equity investments: Seed capital 96.2 177.9 Investments related to deferred compensation plans 185.8 146.1 Other equity securities 0.9 1.0 Equity method investments 669.5 621.2 Foreign time deposits 15.1 25.7 Other 24.6 24.7 Total investments (1) 992.1 996.6 ____________ (1) The majority of the company’s investment balances relate to balances held in affiliated funds and equity method investees. Equity investments The unrealized gains and losses for the three and six months ended June 30, 2023 that relate to equity investments still held at June 30, 2023, were a $9.6 million net gain and $22.9 million net gain (three and six months ended June 30, 2022: $40.6 million net loss and $69.7 million net loss ).

DEBT

DEBT	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
DEBT	DEBT The disclosures below include details of the company’s debt. Debt of CIP is detailed in Note 11, "Consolidated Investment Products". June 30, 2023 December 31, 2022 $ in millions Carrying Value (3) Fair Value Carrying Value (3) Fair Value $2.0 billion floating rate credit facility expiring April 26, 2028 (1) — — — — Unsecured Senior Notes: (2) $600 million 4.000% - due January 30, 2024 599.4 594.2 598.8 591.5 $500 million 3.750% - due January 15, 2026 498.2 483.7 497.9 486.4 $400 million 5.375% - due November 30, 2043 391.0 387.1 390.9 397.3 Debt 1,488.6 1,465.0 1,487.6 1,475.2 ____________ (1) On April 26, 2023, Invesco Ltd. and its indirect subsidiary, Invesco Finance PLC, amended and restated the $1.5 billion floating rate credit facility, increasing the facility’s capacity to $2.0 billion, extending the expiration date from April 26, 2026 to April 26, 2028, and changing the base interest rate from LIBOR to SOFR. (2) The company’s senior note indentures contain certain restrictions on mergers or consolidations. Beyond these items, there are no other restrictive covenants in the indentures. (3) The difference between the principal amounts and the carrying values of the senior notes in the table above reflect the unamortized debt issuance costs and discounts.

SHARE CAPITAL

SHARE CAPITAL	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
SHARE CAPITAL	SHARE CAPITAL The number of preferred shares issued and outstanding is represented in the table below: As of in millions June 30, 2023 December 31, 2022 Preferred shares issued (1) 4.0 4.0 Preferred shares outstanding (1) 4.0 4.0 __________ (1) Preferred shares are held by Massachusetts Mutual Life Insurance Company (MassMutual) and are subject to a lock-up period of five years, which prohibits the sale of the preferred shares by MassMutual until May 24, 2024. The number o f common shares and common share equivalents issued are represented in the table below: As of in millions June 30, 2023 December 31, 2022 Common shares issued 566.1 566.1 Less: Treasury shares for which dividend and voting rights do not apply (117.5) (111.3) Common shares outstanding 448.6 454.8

OTHER COMPREHENSIVE INCOME_(LOS

OTHER COMPREHENSIVE INCOME/(LOSS)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
OTHER COMPREHENSIVE INCOME/(LOSS)	OTHER COMPREHENSIVE INCOME/(LOSS) The components of accumulated other comprehensive income/(loss) were as follows: For the three months ended June 30, 2023 $ in millions Foreign currency translation Employee benefit plans Total Other comprehensive income/(loss), net of tax: Currency translation differences on investments in foreign subsidiaries 63.8 — 63.8 Other comprehensive income/(loss), net — 0.8 0.8 Other comprehensive income/(loss), net of tax 63.8 0.8 64.6 Beginning balance (759.9) (123.0) (882.9) Other comprehensive income/(loss), net of tax 63.8 0.8 64.6 Ending balance (696.1) (122.2) (818.3) For the three months ended June 30, 2022 $ in millions Foreign currency translation Employee benefit plans Total Other comprehensive income/(loss), net of tax: Currency translation differences on investments in foreign subsidiaries (292.9) — (292.9) Other comprehensive income/(loss), net 0.3 0.3 Other comprehensive income/(loss), net of tax (292.9) 0.3 (292.6) Beginning balance (419.1) (89.4) (508.5) Other comprehensive income/(loss), net of tax (292.9) 0.3 (292.6) Ending balance (712.0) (89.1) (801.1) For the six months ended June 30, 2023 $ in millions Foreign currency translation Employee benefit plans Total Other comprehensive income/(loss), net of tax: Currency translation differences on investments in foreign subsidiaries 118.9 — 118.9 Other comprehensive income/(loss), net — 5.2 5.2 Other comprehensive income/(loss), net of tax 118.9 5.2 124.1 Beginning balance (815.0) (127.4) (942.4) Other comprehensive income/(loss), net of tax 118.9 5.2 124.1 Ending balance (696.1) (122.2) (818.3) For the six months ended June 30, 2022 $ in millions Foreign currency translation Employee benefit plans Total Other comprehensive income/(loss), net of tax: Currency translation differences on investments in foreign subsidiaries (360.1) — (360.1) Other comprehensive income/(loss), net 0.5 0.5 Other comprehensive income/(loss), net of tax (360.1) 0.5 (359.6) Beginning balance (351.9) (89.6) (441.5) Other comprehensive income/(loss), net of tax (360.1) 0.5 (359.6) Ending balance (712.0) (89.1) (801.1)

REVENUE

REVENUE	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE The geographic disaggregation of revenue for the three and six months ended June 30, 2023 and 2022 are presented below. There are no revenues attributed to the company’s country of domicile, Bermuda. For the three months ended June 30, $ in millions 2023 2022 Americas 1,108.1 1,183.3 Asia-Pacific (APAC) 63.7 70.3 Europe, Middle East and Africa (EMEA) 271.0 276.8 Total operating revenues 1,442.8 1,530.4 For the six months ended June 30, $ in millions 2023 2022 Americas 2,191.5 2,428.1 Asia-Pacific (APAC) 133.6 155.5 Europe, Middle East and Africa (EMEA) 535.9 576.2 Total operating revenues 2,861.0 3,159.8

COMMON SHARE-BASED COMPENSATION

COMMON SHARE-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
COMMON SHARE-BASED COMPENSATION	COMMON SHARE-BASED COMPENSATION The company recognized total compensation expense of $69.8 million and $57.1 million related to equity-settled common share-based payment transactions in the six months ended June 30, 2023 and 2022, respectively. Movements on employee common share awards during the periods ended June 30 are detailed below: For the six months ended June 30, 2023 For the six months ended June 30, 2022 In millions of common shares, except fair values Time- Vested Performance- Vested Weighted Average Grant Date Fair Value ($) Time- Vested Performance- Vested Unvested at the beginning of period 10.3 2.1 19.03 13.5 1.9 Granted during the period 4.3 0.7 17.73 3.6 1.0 Forfeited during the period (0.1) (0.2) 15.90 (0.2) (0.1) Vested and distributed during the period (4.8) (0.5) 18.01 (5.1) (0.4) Unvested at the end of the period 9.7 2.1 19.02 11.8 2.4 The total fair value of common shares that vested during the six months ended June 30, 2023 was $91.3 million (six months ended June 30, 2022: $116.8 million). The weighted average grant date fair value of the U.S. dollar share awards that were granted during the six months ended June 30, 2023 was $17.73 (six months ended June 30, 2022: $21.23).

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	EARNINGS PER COMMON SHARE The calculation of earnings per common share (EPS) is as follows: For the three months ended June 30, For the six months ended June 30, In millions, except per share data 2023 2022 2023 2022 Net income attributable to Invesco Ltd. 132.2 121.0 277.2 318.7 Invesco Ltd: Weighted average common shares outstanding - basic 457.9 456.5 458.0 458.0 Dilutive effect of non-participating common share-based awards 0.9 3.0 0.9 2.7 Weighted average common shares outstanding - diluted 458.8 459.5 458.9 460.7 Earnings per common share: -basic $0.29 $0.27 $0.61 $0.70 -diluted $0.29 $0.26 $0.60 $0.69 See Note 8, "Common Share-Based Compensation," for a summary of common share awards outstanding under the company’s common share-based payment programs. These programs could result in the issuance of common shares that would affect the measurement of basic and diluted EPS.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Commitments and contingencies may arise in the ordinary course of business. The company has committed to co-invest in certain investment products, which may be called in future periods. At June 30, 2023, the company’s undrawn co-invest capital commitments were $453.1 million (December 31, 2022: $336.1 million). Certain of our managed investment products have entered into revolving credit facilities with financial institutions. Pursuant to these arrangements, the company provided equity commitments and guarantees to certain of these investment products that are temporary in nature. The revolving credit facilities look first to the respective investment products for repayment and servicing. The company’s equity commitment or guarantee would only be called in the event a particular investment product is unable to meet its obligation. The company believes the likelihood of being required to fund its equity commitments or guarantees under these arrangements to be remote. To date, the company has not been required to fund any equity commitments or guarantees under these arrangements. The maximum amount of future payments under the commitments is $274.9 million and under the guarantees is $30.0 million. The fair value of the guarantee liability is not significant to the consolidated financial statements. The company and some of its subsidiaries have entered into agreements with financial institutions to guarantee certain obligations of other company subsidiaries. The company would be required to perform under these guarantees in the event of certain defaults. The company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote. Legal Contingencies The company is from time to time involved in pending or threatened litigation relating to claims arising in the ordinary course of its business. The nature and progression of litigation can make it difficult to predict the impact a particular lawsuit or claim will have on the company. There are many reasons that the company cannot make these assessments, including, among others, one or more of the following: the proceeding is in its early stages (or merely threatened); the damages sought are unspecified, unsupportable, unexplained or uncertain; the claimant is seeking relief other than compensatory damages; the matter presents novel legal claims or other meaningful legal uncertainties; discovery has not started or is not complete; there are significant facts in dispute; and there are other parties who may share in any ultimate liability.

CONSOLIDATED INVESTMENT PRODUCT

CONSOLIDATED INVESTMENT PRODUCTS	6 Months Ended
	Jun. 30, 2023
Consolidated Investment Products [Abstract]
CONSOLIDATED INVESTMENT PRODUCTS	CONSOLIDATED INVESTMENT PRODUCTS The balances related to CIP are identified on the Consolidated Balance Sheets. At June 30, 2023, the company’s net investment in and net receivables from CIP were $465.4 million (December 31, 2022: $386.6 million). The consolidation of investment products had no impact on net income attributable to the company during the three months and six months ended June 30, 2023. The following tables present the fair value hierarchy levels of certain CIP balances which are measured at fair value as of June 30, 2023 and December 31, 2022: As of June 30, 2023 $ in millions Fair Value Measurements Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs Investments Measured at NAV as a practical expedient Assets: Bank loans 6,571.1 — 6,187.2 383.9 — Bonds 727.3 14.0 713.3 — — Equity securities 226.4 88.3 38.8 99.3 — Equity and fixed income mutual funds 171.4 25.8 145.6 — — Investments in other private equity funds 412.5 — — 7.6 404.9 Real estate investments 502.6 — — — 502.6 Total assets at fair value 8,611.3 128.1 7,084.9 490.8 907.5 As of December 31, 2022 $ in millions Fair Value Measurements Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs Investments Measured at NAV as a practical expedient Assets: Bank loans 6,315.1 — 6,069.8 245.3 — Bonds 697.5 8.8 688.2 0.5 — Equity securities 274.9 129.9 29.8 115.2 — Equity and fixed income mutual funds 230.7 38.8 191.9 — — Investments in other private equity funds 461.2 — — 7.6 453.6 Real estate investments 552.0 — — — 552.0 Total assets at fair value 8,531.4 177.5 6,979.7 368.6 1,005.6 The following table shows a reconciliation of the beginning and ending fair value measurements for level 3 assets using significant unobservable inputs: For the three months ended June 30, 2023 2022 $ in millions Level 3 Assets Level 3 Assets Beginning Balance as of April 1 351.3 255.3 Purchases 210.4 0.1 Sales (28.7) (2.0) Deconsolidation of CIP — — Gains and losses included in the Consolidated Statements of Income 6.4 (1.5) Transfers from Level 3 into Levels 1 or 2 (112.3) (61.6) Transfers into Level 3 from Levels 1 or 2 63.7 138.3 Foreign exchange — (0.3) Ending Balance as of June 30 490.8 328.3 For the six months ended June 30, 2023 2022 $ in millions Level 3 Assets Level 3 Assets Beginning Balance as of January 1 368.6 239.5 Purchases 210.5 0.1 Sales (42.1) (8.5) Deconsolidation of CIP (0.6) — Gains and losses included in the Consolidated Statements of Income (1.3) (2.2) Transfers from Level 3 into Levels 1 or 2 (242.5) (93.4) Transfers into Level 3 from Levels 1 or 2 195.9 193.4 Foreign exchange 2.3 (0.6) Ending Balance as of June 30 490.8 328.3 Non-consolidated Variable interest entities (VIEs) At June 30, 2023, the company's risk of loss with respect to VIEs in which the company is not the primary beneficiary included our investment carrying value of $129.7 million (December 31, 2022: $111.5 million) and unfunded capital commitments of $92.3 million (December 31, 2022: $99.0 million). See the company’s most recently filed Form 10-K for additional disclosures on valuation methodology and fair value.

RELATED PARTIES

RELATED PARTIES	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTIES	RELATED PARTIES MassMutual owns approximately 18.1% in common stock of the company and owns all of the outstanding $4.0 billion in perpetual, non-cumulative preferred shares as of June 30, 2023. Based on the level of shares owned by MassMutual and the corresponding customary minority shareholder rights, which includes representation on Invesco’s board of directors, the company considers MassMutual a related party. Additionally, certain managed funds are deemed to be affiliated entities under the related party definition in ASC 850, “Related Party Disclosures.” The majority of the company's operating revenues and receivables are from Invesco's managed funds. Related parties also include those defined in the company’s proxy statement. Refer to Note 2, "Fair Value of Assets and Liabilities" and Note 3, "Investments" for more information on balances invested in Invesco affiliated funds.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On July 25, 2023, the company declared a second quarter 2023 dividend of $0.20 per common share, payable on September 5, 2023, to common shareholders of record at the close of business on August 11, 2023 with an ex-dividend date of August 10, 2023. On July 25, 2023, the company declared a preferred dividend of $14.75 per preferred share to the holders of preferred shares representing the period from June 1, 2023 through August 31, 2023. The preferred dividend is payable on September 1, 2023 to preferred shareholders of record at the close of business on August 15, 2023.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net income attributable to Invesco Ltd.	$ 132.2	$ 121	$ 277.2	$ 318.7

Insider Trading Arrangements

Insider Trading Arrangements	6 Months Ended
	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Accounting and Consolidation	Basis of Accounting and ConsolidationThe unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) for interim financial information and with rules and regulations of the U.S. Securities and Exchange Commission (SEC) and consolidate the financial statements of the Parent and all of its controlled subsidiaries. In the opinion of management, the Condensed Consolidated Financial Statements reflect all adjustments, consisting of normal recurring accruals, which are necessary for the fair presentation of the financial condition and results of operations for the periods presented. All significant intercompany transactions, balances, revenues and expenses are eliminated upon consolidation. The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from those estimates.
Accounting Pronouncements Recently Adopted and Pending Accounting Pronouncements	Accounting Pronouncements Recently Adopted None. Pending Accounting Pronouncements None.

FAIR VALUE OF ASSETS AND LIAB_2

FAIR VALUE OF ASSETS AND LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value by Balance Sheet Grouping	The fair value of financial instruments are presented in the below summary table. The fair value of financial instruments held by CIP are presented in Note 11, "Consolidated Investment Products". See the company’s most recently filed Form 10-K for additional disclosures on valuation methodology and fair value. June 30, 2023 December 31, 2022 $ in millions Fair Value Fair Value Cash and cash equivalents 1,009.9 1,234.7 Equity investments 282.9 325.0 Foreign time deposits (1) 15.1 25.7 Assets held for policyholders 444.0 668.7 Policyholder payables (1) (444.0) (668.7) Total return swaps related to deferred compensation plans 19.3 (1.6) ____________ (1) These financial instruments are not measured at fair value on a recurring basis. Foreign time deposits are measured at cost plus accrued interest, which approximates fair value, and are accordingly classified as Level 2 securities. Policyholder payables are indexed to the value of the assets held for policyholders and changes in fair value are recorded and offset to zero in other operating revenues .
Tri-Level Hierarchy, Carrying Value	The following table presents, by hierarchy levels, the carrying value of the company’s assets and liabilities, including major security type for equity and debt securities, which are measured at fair value on the company’s Condensed Consolidated Balance Sheets as of June 30, 2023 and December 31, 2022, respectively: As of June 30, 2023 $ in millions Fair Value Measurements Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Assets: Cash equivalents: Money market funds (1) 565.4 565.4 — — Investments: (2) Equity investments: Seed capital 96.2 96.2 — — Investments related to deferred compensation plans 185.8 185.8 — — Other equity securities 0.9 0.9 — — Assets held for policyholders (3) 444.0 444.0 — — Total return swaps related to deferred compensation plans 19.3 — 19.3 — Total 1,311.6 1,292.3 19.3 — Liabilities: Contingent consideration liability (1.3) — — (1.3) Total (1.3) — — (1.3) As of December 31, 2022 $ in millions Fair Value Measurements Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Assets: Cash equivalents: Money market funds (1) 760.8 760.8 — — Investments (2) : Equity investments: Seed capital 177.9 177.9 — — Investments related to deferred compensation plans 146.1 146.1 — — Other equity securities 1.0 1.0 — — Assets held for policyholders (3) 668.7 668.7 — — Total 1,754.5 1,754.5 — — Liabilities: Total return swaps related to deferred compensation plans (1.6) — (1.6) — Contingent consideration liability (1.3) — — (1.3) Total (2.9) — (1.6) (1.3) ____________ ( 1) The balance primarily represents cash held in affiliated money market funds. (2) Foreign time deposits of $15.1 million (December 31, 2022: $25.7 million) are excluded from this table. Equity method and other investments of $669.5 million and $24.6 million, respectively, (December 31, 2022: $621.2 million and $24.7 million, respectively) are also excluded from this table. These investments are not measured at fair value, in accordance with applicable accounting standards. (3) The majority of a ssets held for policyholders are held in affiliated funds.

INVESTMENTS (Tables)

INVESTMENTS (Tables)	6 Months Ended
	Jun. 30, 2023
Investments [Abstract]
Marketable Securities	The disclosures below include details of the company’s investments. Investments held by CIP are detailed in Note 11, "Consolidated Investment Products". $ in millions June 30, 2023 December 31, 2022 Equity investments: Seed capital 96.2 177.9 Investments related to deferred compensation plans 185.8 146.1 Other equity securities 0.9 1.0 Equity method investments 669.5 621.2 Foreign time deposits 15.1 25.7 Other 24.6 24.7 Total investments (1) 992.1 996.6 ____________ (1) The majority of the company’s investment balances relate to balances held in affiliated funds and equity method investees.

DEBT (Tables)

DEBT (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Long-Term Debt Instruments	The disclosures below include details of the company’s debt. Debt of CIP is detailed in Note 11, "Consolidated Investment Products". June 30, 2023 December 31, 2022 $ in millions Carrying Value (3) Fair Value Carrying Value (3) Fair Value $2.0 billion floating rate credit facility expiring April 26, 2028 (1) — — — — Unsecured Senior Notes: (2) $600 million 4.000% - due January 30, 2024 599.4 594.2 598.8 591.5 $500 million 3.750% - due January 15, 2026 498.2 483.7 497.9 486.4 $400 million 5.375% - due November 30, 2043 391.0 387.1 390.9 397.3 Debt 1,488.6 1,465.0 1,487.6 1,475.2 ____________ (1) On April 26, 2023, Invesco Ltd. and its indirect subsidiary, Invesco Finance PLC, amended and restated the $1.5 billion floating rate credit facility, increasing the facility’s capacity to $2.0 billion, extending the expiration date from April 26, 2026 to April 26, 2028, and changing the base interest rate from LIBOR to SOFR. (2) The company’s senior note indentures contain certain restrictions on mergers or consolidations. Beyond these items, there are no other restrictive covenants in the indentures. (3) The difference between the principal amounts and the carrying values of the senior notes in the table above reflect the unamortized debt issuance costs and discounts.

SHARE CAPITAL (Tables)

SHARE CAPITAL (Tables)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Movements in Shares Issued and Outstanding	The number of preferred shares issued and outstanding is represented in the table below: As of in millions June 30, 2023 December 31, 2022 Preferred shares issued (1) 4.0 4.0 Preferred shares outstanding (1) 4.0 4.0 __________ (1) Preferred shares are held by Massachusetts Mutual Life Insurance Company (MassMutual) and are subject to a lock-up period of five years, which prohibits the sale of the preferred shares by MassMutual until May 24, 2024. The number o f common shares and common share equivalents issued are represented in the table below: As of in millions June 30, 2023 December 31, 2022 Common shares issued 566.1 566.1 Less: Treasury shares for which dividend and voting rights do not apply (117.5) (111.3) Common shares outstanding 448.6 454.8

OTHER COMPREHENSIVE INCOME_(L_2

OTHER COMPREHENSIVE INCOME/(LOSS) (Tables)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Accumulated Other Comprehensive Income/(Loss)	The components of accumulated other comprehensive income/(loss) were as follows: For the three months ended June 30, 2023 $ in millions Foreign currency translation Employee benefit plans Total Other comprehensive income/(loss), net of tax: Currency translation differences on investments in foreign subsidiaries 63.8 — 63.8 Other comprehensive income/(loss), net — 0.8 0.8 Other comprehensive income/(loss), net of tax 63.8 0.8 64.6 Beginning balance (759.9) (123.0) (882.9) Other comprehensive income/(loss), net of tax 63.8 0.8 64.6 Ending balance (696.1) (122.2) (818.3) For the three months ended June 30, 2022 $ in millions Foreign currency translation Employee benefit plans Total Other comprehensive income/(loss), net of tax: Currency translation differences on investments in foreign subsidiaries (292.9) — (292.9) Other comprehensive income/(loss), net 0.3 0.3 Other comprehensive income/(loss), net of tax (292.9) 0.3 (292.6) Beginning balance (419.1) (89.4) (508.5) Other comprehensive income/(loss), net of tax (292.9) 0.3 (292.6) Ending balance (712.0) (89.1) (801.1) For the six months ended June 30, 2023 $ in millions Foreign currency translation Employee benefit plans Total Other comprehensive income/(loss), net of tax: Currency translation differences on investments in foreign subsidiaries 118.9 — 118.9 Other comprehensive income/(loss), net — 5.2 5.2 Other comprehensive income/(loss), net of tax 118.9 5.2 124.1 Beginning balance (815.0) (127.4) (942.4) Other comprehensive income/(loss), net of tax 118.9 5.2 124.1 Ending balance (696.1) (122.2) (818.3) For the six months ended June 30, 2022 $ in millions Foreign currency translation Employee benefit plans Total Other comprehensive income/(loss), net of tax: Currency translation differences on investments in foreign subsidiaries (360.1) — (360.1) Other comprehensive income/(loss), net 0.5 0.5 Other comprehensive income/(loss), net of tax (360.1) 0.5 (359.6) Beginning balance (351.9) (89.6) (441.5) Other comprehensive income/(loss), net of tax (360.1) 0.5 (359.6) Ending balance (712.0) (89.1) (801.1)

REVENUE (Tables)

REVENUE (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Geographic Disaggregation of Revenue	The geographic disaggregation of revenue for the three and six months ended June 30, 2023 and 2022 are presented below. There are no revenues attributed to the company’s country of domicile, Bermuda. For the three months ended June 30, $ in millions 2023 2022 Americas 1,108.1 1,183.3 Asia-Pacific (APAC) 63.7 70.3 Europe, Middle East and Africa (EMEA) 271.0 276.8 Total operating revenues 1,442.8 1,530.4 For the six months ended June 30, $ in millions 2023 2022 Americas 2,191.5 2,428.1 Asia-Pacific (APAC) 133.6 155.5 Europe, Middle East and Africa (EMEA) 535.9 576.2 Total operating revenues 2,861.0 3,159.8

COMMON SHARE-BASED COMPENSATI_2

COMMON SHARE-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Movements of Share Awards	Movements on employee common share awards during the periods ended June 30 are detailed below: For the six months ended June 30, 2023 For the six months ended June 30, 2022 In millions of common shares, except fair values Time- Vested Performance- Vested Weighted Average Grant Date Fair Value ($) Time- Vested Performance- Vested Unvested at the beginning of period 10.3 2.1 19.03 13.5 1.9 Granted during the period 4.3 0.7 17.73 3.6 1.0 Forfeited during the period (0.1) (0.2) 15.90 (0.2) (0.1) Vested and distributed during the period (4.8) (0.5) 18.01 (5.1) (0.4) Unvested at the end of the period 9.7 2.1 19.02 11.8 2.4

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Calculation of Earnings Per Share	The calculation of earnings per common share (EPS) is as follows: For the three months ended June 30, For the six months ended June 30, In millions, except per share data 2023 2022 2023 2022 Net income attributable to Invesco Ltd. 132.2 121.0 277.2 318.7 Invesco Ltd: Weighted average common shares outstanding - basic 457.9 456.5 458.0 458.0 Dilutive effect of non-participating common share-based awards 0.9 3.0 0.9 2.7 Weighted average common shares outstanding - diluted 458.8 459.5 458.9 460.7 Earnings per common share: -basic $0.29 $0.27 $0.61 $0.70 -diluted $0.29 $0.26 $0.60 $0.69

CONSOLIDATED INVESTMENT PRODU_2

CONSOLIDATED INVESTMENT PRODUCTS (Tables)	6 Months Ended
	Jun. 30, 2023
Consolidated Investment Products [Abstract]
Fair Value Hierarchy Levels of Investments Held and Notes Issued by Consolidated Investment Products	The following tables present the fair value hierarchy levels of certain CIP balances which are measured at fair value as of June 30, 2023 and December 31, 2022: As of June 30, 2023 $ in millions Fair Value Measurements Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs Investments Measured at NAV as a practical expedient Assets: Bank loans 6,571.1 — 6,187.2 383.9 — Bonds 727.3 14.0 713.3 — — Equity securities 226.4 88.3 38.8 99.3 — Equity and fixed income mutual funds 171.4 25.8 145.6 — — Investments in other private equity funds 412.5 — — 7.6 404.9 Real estate investments 502.6 — — — 502.6 Total assets at fair value 8,611.3 128.1 7,084.9 490.8 907.5 As of December 31, 2022 $ in millions Fair Value Measurements Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs Investments Measured at NAV as a practical expedient Assets: Bank loans 6,315.1 — 6,069.8 245.3 — Bonds 697.5 8.8 688.2 0.5 — Equity securities 274.9 129.9 29.8 115.2 — Equity and fixed income mutual funds 230.7 38.8 191.9 — — Investments in other private equity funds 461.2 — — 7.6 453.6 Real estate investments 552.0 — — — 552.0 Total assets at fair value 8,531.4 177.5 6,979.7 368.6 1,005.6
Beginning And Ending Fair Value Measurements For Level Three Assets And Liabilities Table Text Block	The following table shows a reconciliation of the beginning and ending fair value measurements for level 3 assets using significant unobservable inputs: For the three months ended June 30, 2023 2022 $ in millions Level 3 Assets Level 3 Assets Beginning Balance as of April 1 351.3 255.3 Purchases 210.4 0.1 Sales (28.7) (2.0) Deconsolidation of CIP — — Gains and losses included in the Consolidated Statements of Income 6.4 (1.5) Transfers from Level 3 into Levels 1 or 2 (112.3) (61.6) Transfers into Level 3 from Levels 1 or 2 63.7 138.3 Foreign exchange — (0.3) Ending Balance as of June 30 490.8 328.3 For the six months ended June 30, 2023 2022 $ in millions Level 3 Assets Level 3 Assets Beginning Balance as of January 1 368.6 239.5 Purchases 210.5 0.1 Sales (42.1) (8.5) Deconsolidation of CIP (0.6) — Gains and losses included in the Consolidated Statements of Income (1.3) (2.2) Transfers from Level 3 into Levels 1 or 2 (242.5) (93.4) Transfers into Level 3 from Levels 1 or 2 195.9 193.4 Foreign exchange 2.3 (0.6) Ending Balance as of June 30 490.8 328.3

FAIR VALUE OF ASSETS AND LIAB_3

FAIR VALUE OF ASSETS AND LIABILITIES - Fair Value of Financial Instruments Held by Consolidated Investments (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 1,009.9	$ 1,234.7	$ 936.8
Foreign time deposits	15.1	25.7
Assets held for policyholders	444	668.7
Policyholder payables	(444)	(668.7)
Total return swaps related to deferred compensation plans	19.3
Total return swaps related to deferred compensation plans		(1.6)
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	1,009.9	1,234.7
Equity investments	282.9	325
Foreign time deposits	15.1	25.7
Assets held for policyholders	444	668.7
Policyholder payables	(444)	(668.7)
Fair Value | Total return swaps related to deferred compensation plans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total return swaps related to deferred compensation plans	$ 19.3
Total return swaps related to deferred compensation plans		$ (1.6)

FAIR VALUE OF ASSETS AND LIAB_4

FAIR VALUE OF ASSETS AND LIABILITIES - Tri-Level Hierarchy, Carrying Value (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for policyholders	$ 444	$ 668.7
Total return swaps related to deferred compensation plans	19.3
Total	1,311.6	1,754.5
Total return swaps related to deferred compensation plans		(1.6)
Total	(1.3)	(2.9)
Foreign time deposits	15.1	25.7
Equity method investments	669.5	621.2
Other investments	24.6	24.7
Contingent consideration liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration liability	(1.3)	(1.3)
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	565.4	760.8
Seed capital
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	96.2	177.9
Investments related to deferred compensation plans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	185.8	146.1
Other equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	0.9	1
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for policyholders		668.7
Assets held for policyholders	444
Total return swaps related to deferred compensation plans	0
Total	1,292.3	1,754.5
Total return swaps related to deferred compensation plans		0
Total	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Contingent consideration liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration liability	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	565.4	760.8
Quoted Prices in Active Markets for Identical Assets (Level 1) | Seed capital
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	96.2	177.9
Quoted Prices in Active Markets for Identical Assets (Level 1) | Investments related to deferred compensation plans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	185.8	146.1
Quoted Prices in Active Markets for Identical Assets (Level 1) | Other equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	0.9	1
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for policyholders		0
Assets held for policyholders	0
Total return swaps related to deferred compensation plans	19.3
Total	19.3	0
Total return swaps related to deferred compensation plans		(1.6)
Total	0	(1.6)
Significant Other Observable Inputs (Level 2) | Contingent consideration liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration liability	0	0
Significant Other Observable Inputs (Level 2) | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0	0
Significant Other Observable Inputs (Level 2) | Seed capital
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	0	0
Significant Other Observable Inputs (Level 2) | Investments related to deferred compensation plans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	0	0
Significant Other Observable Inputs (Level 2) | Other equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	0	0
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for policyholders		0
Assets held for policyholders	0
Total return swaps related to deferred compensation plans	0
Total	0	0
Total return swaps related to deferred compensation plans		0
Total	(1.3)	(1.3)
Significant Unobservable Inputs (Level 3) | Contingent consideration liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration liability	(1.3)	(1.3)
Significant Unobservable Inputs (Level 3) | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0	0
Significant Unobservable Inputs (Level 3) | Seed capital
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	0	0
Significant Unobservable Inputs (Level 3) | Investments related to deferred compensation plans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	0	0
Significant Unobservable Inputs (Level 3) | Other equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	$ 0	$ 0

FAIR VALUE OF ASSETS AND LIAB_5

FAIR VALUE OF ASSETS AND LIABILITIES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	$ 19.3		$ 19.3
Derivative liability					$ 1.6
Total return swaps related to deferred compensation plans | Designated as Hedging Instrument
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative notional amount	389.2		389.2		326.6
Derivative asset	19.3		19.3
Derivative liability					$ 1.6
Market valuation gain (loss) recognized	$ 7.3	$ (50.3)	$ 20.3	$ (72.1)

INVESTMENTS - Details of Compan

INVESTMENTS - Details of Company Investments (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Schedule of Investments [Line Items]
Equity method investments	$ 669.5	$ 621.2
Foreign time deposits	15.1	25.7
Other	24.6	24.7
Total investments	992.1	996.6
Seed capital
Schedule of Investments [Line Items]
Equity investments	96.2	177.9
Investments related to deferred compensation plans
Schedule of Investments [Line Items]
Equity investments	185.8	146.1
Other equity securities
Schedule of Investments [Line Items]
Equity investments	$ 0.9	$ 1

INVESTMENTS - Narrative (Detail

INVESTMENTS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Short-term Investments
Debt Securities, Available-for-sale [Line Items]
Net gains (loss)	$ 9.6	$ (40.6)	$ 22.9	$ (69.7)

DEBT - Schedule of Long-Term De

DEBT - Schedule of Long-Term Debt Instruments (Details) - USD ($)	Jun. 30, 2023	Apr. 26, 2023	Dec. 31, 2022
Unsecured Senior Notes | $600 million 4.000% - due January 30, 2024
Debt Instrument [Line Items]
Debt instrument, face amount	$ 600,000,000
Debt instrument, interest rate, stated percentage	4%
Unsecured Senior Notes | $500 million 3.750% - due January 15, 2026
Debt Instrument [Line Items]
Debt instrument, face amount	$ 500,000,000
Debt instrument, interest rate, stated percentage	3.75%
Unsecured Senior Notes | $400 million 5.375% - due November 30, 2043
Debt Instrument [Line Items]
Debt instrument, face amount	$ 400,000,000
Debt instrument, interest rate, stated percentage	5.375%
Floating rate credit facility
Debt Instrument [Line Items]
Credit facility capacity	$ 2,000,000,000	$ 1,500,000,000
Carrying Value
Debt Instrument [Line Items]
Long-term debt	1,488,600,000		$ 1,487,600,000
Carrying Value | Unsecured Senior Notes | $600 million 4.000% - due January 30, 2024
Debt Instrument [Line Items]
Long-term debt	599,400,000		598,800,000
Carrying Value | Unsecured Senior Notes | $500 million 3.750% - due January 15, 2026
Debt Instrument [Line Items]
Long-term debt	498,200,000		497,900,000
Carrying Value | Unsecured Senior Notes | $400 million 5.375% - due November 30, 2043
Debt Instrument [Line Items]
Long-term debt	391,000,000		390,900,000
Carrying Value | Floating rate credit facility
Debt Instrument [Line Items]
Credit facility capacity	2,000,000,000
Line of credit facility, amount outstanding	0		0
Fair Value
Debt Instrument [Line Items]
Long-term debt	1,465,000,000		1,475,200,000
Fair Value | Unsecured Senior Notes | $600 million 4.000% - due January 30, 2024
Debt Instrument [Line Items]
Long-term debt	594,200,000		591,500,000
Fair Value | Unsecured Senior Notes | $500 million 3.750% - due January 15, 2026
Debt Instrument [Line Items]
Long-term debt	483,700,000		486,400,000
Fair Value | Unsecured Senior Notes | $400 million 5.375% - due November 30, 2043
Debt Instrument [Line Items]
Long-term debt	387,100,000		397,300,000
Fair Value | Floating rate credit facility
Debt Instrument [Line Items]
Line of credit facility, amount outstanding	$ 0		$ 0

SHARE CAPITAL - Movements In Sh

SHARE CAPITAL - Movements In Shares Issued and Outstanding (Details) - shares shares in Millions	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Equity [Abstract]
Preferred shares issued	4	4
Preferred shares outstanding	4	4
Lock up, term	5 years
Common shares issued	566.1	566.1
Less: Treasury shares for which dividend and voting rights do not apply	(117.5)	(111.3)
Common shares outstanding	448.6	454.8

OTHER COMPREHENSIVE INCOME_(L_3

OTHER COMPREHENSIVE INCOME/(LOSS) - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Currency translation differences on investments in foreign subsidiaries	$ 63.8	$ (292.9)	$ 118.9	$ (360.1)
Other comprehensive income/(loss), net	0.8	0.3	5.2	0.5
Other comprehensive income/(loss)	64.6	(292.6)	124.1	(359.6)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	15,930.2	15,986.2	15,843.5	16,168
Other comprehensive income/(loss), net of tax	64.6	(292.6)	124.1	(359.6)
Ending balance	15,866.7	15,794.8	15,866.7	15,794.8
Foreign currency translation
Accumulated Other Comprehensive Income (Loss) [Line Items]
Currency translation differences on investments in foreign subsidiaries	63.8	(292.9)	118.9	(360.1)
Other comprehensive income/(loss), net	0		0
Other comprehensive income/(loss)	63.8	(292.9)	118.9	(360.1)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(759.9)	(419.1)	(815)	(351.9)
Other comprehensive income/(loss), net of tax	63.8	(292.9)	118.9	(360.1)
Ending balance	(696.1)	(712)	(696.1)	(712)
Employee benefit plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Currency translation differences on investments in foreign subsidiaries	0	0	0	0
Other comprehensive income/(loss), net	0.8		5.2	0.5
Other comprehensive income/(loss)	0.8	0.3	5.2	0.5
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(123)	(89.4)	(127.4)	(89.6)
Other comprehensive income/(loss), net of tax	0.8	0.3	5.2	0.5
Ending balance	(122.2)	(89.1)	(122.2)	(89.1)
Total
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income/(loss)	64.6	(292.6)	124.1	(359.6)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(882.9)	(508.5)	(942.4)	(441.5)
Other comprehensive income/(loss), net of tax	64.6	(292.6)	124.1	(359.6)
Ending balance	$ (818.3)	$ (801.1)	$ (818.3)	$ (801.1)

REVENUE - Disaggregation of Rev

REVENUE - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue, Major Customer [Line Items]
Total operating revenues	$ 1,442.8	$ 1,530.4	$ 2,861	$ 3,159.8
Bermuda
Revenue, Major Customer [Line Items]
Total operating revenues			0	0
Americas
Revenue, Major Customer [Line Items]
Total operating revenues	1,108.1	1,183.3	2,191.5	2,428.1
Asia-Pacific (APAC)
Revenue, Major Customer [Line Items]
Total operating revenues	63.7	70.3	133.6	155.5
Europe, Middle East and Africa (EMEA)
Revenue, Major Customer [Line Items]
Total operating revenues	$ 271	$ 276.8	$ 535.9	$ 576.2

COMMON SHARE-BASED COMPENSATI_3

COMMON SHARE-BASED COMPENSATION - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Common share-based compensation expense	$ 69.8	$ 57.1
Fair value of vested shares	$ 91.3	$ 116.8
Weighted average fair value of shares granted (usd per share)	$ 17.73	$ 21.23
Unrecognized compensation cost related to non-vested shares	$ 153.2
Weighted average non-vested shares compensation cost expected to recognize	2 years 8 months 8 days

COMMON SHARE-BASED COMPENSATI_4

COMMON SHARE-BASED COMPENSATION - Movements on Share Awards (Details) - $ / shares shares in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Weighted Average Grant Date Fair Value ($)
Unvested at the beginning of period (usd per share)	$ 19.03
Granted during the period (usd per share)	17.73	$ 21.23
Forfeited during the period (usd per share)	15.90
Vested and distributed during the period (usd per share)	18.01
Unvested at the end of the period (usd per share)	$ 19.02
Time- Vested
Number of Shares
Unvested at the beginning of period (shares)	10.3	13.5
Granted during the period (shares)	4.3	3.6
Forfeited during the period (shares)	(0.1)	(0.2)
Vested and distributed during the period (shares)	(4.8)	(5.1)
Unvested at the end of the period (shares)	9.7	11.8
Performance- Vested
Number of Shares
Unvested at the beginning of period (shares)	2.1	1.9
Granted during the period (shares)	0.7	1
Forfeited during the period (shares)	(0.2)	(0.1)
Vested and distributed during the period (shares)	(0.5)	(0.4)
Unvested at the end of the period (shares)	2.1	2.4

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Net income attributable to Invesco Ltd.	$ 132.2	$ 121	$ 277.2	$ 318.7
Weighted average common shares outstanding - basic (shares)	457.9	456.5	458	458
Dilutive effect of non-participating common share-based awards (shares)	0.9	3	0.9	2.7
Weighted average common shares outstanding - diluted (shares)	458.8	459.5	458.9	460.7
Earnings per common share:
Basic (usd per share)	$ 0.29	$ 0.27	$ 0.61	$ 0.70
Diluted (usd per share)	$ 0.29	$ 0.26	$ 0.60	$ 0.69

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Loss Contingencies [Line Items]
Undrawn capital commitments	$ 453.1	$ 336.1
Equity Commitment
Loss Contingencies [Line Items]
Maximum guarantee	30
Equity Commitment | Maximum
Loss Contingencies [Line Items]
Commitments	$ 274.9

CONSOLIDATED INVESTMENT PRODU_3

CONSOLIDATED INVESTMENT PRODUCTS - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Net interests in consolidated investment products	$ 465.4	$ 386.6
Variable interest entity, unfunded capital commitments	92.3	99
De-consolidated
Variable Interest Entity [Line Items]
Carrying value and maximum risk of loss with respect to VIEs in which the Company is not primary beneficiary	$ 129.7	$ 111.5

CONSOLIDATED INVESTMENT PRODU_4

CONSOLIDATED INVESTMENT PRODUCTS - Fair Value Hierarchy Levels of Investments Held and Notes Issued by Consolidated Investment Products (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Segment Reporting, Other Significant Reconciling Items [Line Items]
Total assets at fair value	$ 8,611.3	$ 8,531.4
Consolidated
Segment Reporting, Other Significant Reconciling Items [Line Items]
Real estate investments	502.6	552
Total assets at fair value	8,611.3	8,531.4
Consolidated | Quoted Prices in Active Markets for Identical Assets (Level 1)
Segment Reporting, Other Significant Reconciling Items [Line Items]
Real estate investments	0	0
Total assets at fair value	128.1	177.5
Consolidated | Significant Other Observable Inputs (Level 2)
Segment Reporting, Other Significant Reconciling Items [Line Items]
Real estate investments	0	0
Total assets at fair value	7,084.9	6,979.7
Consolidated | Significant Unobservable Inputs (Level 3)
Segment Reporting, Other Significant Reconciling Items [Line Items]
Real estate investments	0	0
Total assets at fair value	490.8	368.6
Consolidated | Investments Measured at NAV as a practical expedient
Segment Reporting, Other Significant Reconciling Items [Line Items]
Real estate investments	502.6	552
Total assets at fair value	907.5	1,005.6
Consolidated | Bank Loans
Segment Reporting, Other Significant Reconciling Items [Line Items]
Bank loan, bonds and equity securities	6,571.1	6,315.1
Consolidated | Bank Loans | Quoted Prices in Active Markets for Identical Assets (Level 1)
Segment Reporting, Other Significant Reconciling Items [Line Items]
Bank loan, bonds and equity securities	0	0
Consolidated | Bank Loans | Significant Other Observable Inputs (Level 2)
Segment Reporting, Other Significant Reconciling Items [Line Items]
Bank loan, bonds and equity securities	6,187.2	6,069.8
Consolidated | Bank Loans | Significant Unobservable Inputs (Level 3)
Segment Reporting, Other Significant Reconciling Items [Line Items]
Bank loan, bonds and equity securities	383.9	245.3
Consolidated | Bank Loans | Investments Measured at NAV as a practical expedient
Segment Reporting, Other Significant Reconciling Items [Line Items]
Bank loan, bonds and equity securities	0	0
Consolidated | Bonds
Segment Reporting, Other Significant Reconciling Items [Line Items]
Bank loan, bonds and equity securities	727.3	697.5
Consolidated | Bonds | Quoted Prices in Active Markets for Identical Assets (Level 1)
Segment Reporting, Other Significant Reconciling Items [Line Items]
Bank loan, bonds and equity securities	14	8.8
Consolidated | Bonds | Significant Other Observable Inputs (Level 2)
Segment Reporting, Other Significant Reconciling Items [Line Items]
Bank loan, bonds and equity securities	713.3	688.2
Consolidated | Bonds | Significant Unobservable Inputs (Level 3)
Segment Reporting, Other Significant Reconciling Items [Line Items]
Bank loan, bonds and equity securities	0	0.5
Consolidated | Bonds | Investments Measured at NAV as a practical expedient
Segment Reporting, Other Significant Reconciling Items [Line Items]
Bank loan, bonds and equity securities	0	0
Consolidated | Equity securities, Equity and fixed income mutual funds
Segment Reporting, Other Significant Reconciling Items [Line Items]
Bank loan, bonds and equity securities	226.4	274.9
Equity and fixed income mutual funds, and investments in other private equity funds	171.4	230.7
Consolidated | Equity securities, Equity and fixed income mutual funds | Quoted Prices in Active Markets for Identical Assets (Level 1)
Segment Reporting, Other Significant Reconciling Items [Line Items]
Bank loan, bonds and equity securities	88.3	129.9
Equity and fixed income mutual funds, and investments in other private equity funds	25.8	38.8
Consolidated | Equity securities, Equity and fixed income mutual funds | Significant Other Observable Inputs (Level 2)
Segment Reporting, Other Significant Reconciling Items [Line Items]
Bank loan, bonds and equity securities	38.8	29.8
Equity and fixed income mutual funds, and investments in other private equity funds	145.6	191.9
Consolidated | Equity securities, Equity and fixed income mutual funds | Significant Unobservable Inputs (Level 3)
Segment Reporting, Other Significant Reconciling Items [Line Items]
Bank loan, bonds and equity securities	99.3	115.2
Equity and fixed income mutual funds, and investments in other private equity funds	0	0
Consolidated | Equity securities, Equity and fixed income mutual funds | Investments Measured at NAV as a practical expedient
Segment Reporting, Other Significant Reconciling Items [Line Items]
Bank loan, bonds and equity securities	0	0
Equity and fixed income mutual funds, and investments in other private equity funds	0	0
Consolidated | Investments in other private equity funds
Segment Reporting, Other Significant Reconciling Items [Line Items]
Equity and fixed income mutual funds, and investments in other private equity funds	412.5	461.2
Consolidated | Investments in other private equity funds | Quoted Prices in Active Markets for Identical Assets (Level 1)
Segment Reporting, Other Significant Reconciling Items [Line Items]
Equity and fixed income mutual funds, and investments in other private equity funds	0	0
Consolidated | Investments in other private equity funds | Significant Other Observable Inputs (Level 2)
Segment Reporting, Other Significant Reconciling Items [Line Items]
Equity and fixed income mutual funds, and investments in other private equity funds	0	0
Consolidated | Investments in other private equity funds | Significant Unobservable Inputs (Level 3)
Segment Reporting, Other Significant Reconciling Items [Line Items]
Equity and fixed income mutual funds, and investments in other private equity funds	7.6	7.6
Consolidated | Investments in other private equity funds | Investments Measured at NAV as a practical expedient
Segment Reporting, Other Significant Reconciling Items [Line Items]
Equity and fixed income mutual funds, and investments in other private equity funds	$ 404.9	$ 453.6

CONSOLIDATED INVESTMENT PRODU_5

CONSOLIDATED INVESTMENT PRODUCTS - Beginning and Ending Fair Value Measurements for Level 3 Assets and Liabilities (Details) - Significant Unobservable Inputs (Level 3) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance as of April 1	$ 351.3	$ 255.3	$ 368.6	$ 239.5
Purchases	210.4	0.1	210.5	0.1
Sales	(28.7)	(2)	(42.1)	(8.5)
Deconsolidation of CIP	0	0	(0.6)	0
Gains and losses included in the Consolidated Statements of Income	6.4	(1.5)	(1.3)	(2.2)
Transfers from Level 3 into Levels 1 or 2	(112.3)	(61.6)	(242.5)	(93.4)
Transfers into Level 3 from Levels 1 or 2	63.7	138.3	195.9	193.4
Foreign exchange	0	(0.3)	2.3	(0.6)
Ending Balance as of June 30	$ 490.8	$ 328.3	$ 490.8	$ 328.3

RELATED PARTIES (Details)

RELATED PARTIES (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Related Party Transactions [Line Items]
Stock consideration	$ 4,010.5	$ 4,010.5
MassMutual | Invesco | MassMutual
Related Party Transactions [Line Items]
Approximate stake help in common stock of combined firm (percent)	18.10%

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ / shares in Units, $ in Billions		3 Months Ended		6 Months Ended
	Jul. 25, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Apr. 26, 2023
Subsequent Event [Line Items]
Common stock dividends declared per share (usd per share)		$ 0.20	$ 0.1875	$ 0.3875	$ 0.3575
Preferred stock dividend declared (usd per share)		$ 14.75	$ 14.75	$ 29.50	$ 29.50
Floating rate credit facility
Subsequent Event [Line Items]
Credit facility capacity		$ 2		$ 2		$ 1.5
Floating rate credit facility | Reported Value Measurement
Subsequent Event [Line Items]
Credit facility capacity		$ 2		$ 2
Subsequent Event
Subsequent Event [Line Items]
Common stock dividends declared per share (usd per share)	$ 0.20
Preferred stock dividend declared (usd per share)	$ 14.75