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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjusted Balance
Restricted shares
Restricted stock units
Common stock
Common stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Common stock
Restricted shares
Common stock
Restricted stock units
Additional capital in excess of par value
Additional capital in excess of par value
Cumulative Effect, Period of Adoption, Adjusted Balance
Additional capital in excess of par value
Restricted shares
Additional capital in excess of par value
Restricted stock units
Retained earnings
Retained earnings
Cumulative Effect, Period of Adoption, Adjustment
Retained earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
AOCI
[1]
AOCI
Cumulative Effect, Period of Adoption, Adjustment
AOCI
Cumulative Effect, Period of Adoption, Adjusted Balance
[1]
Beginning balances (in shares) at Dec. 31, 2017           245,111,000 245,111,000                        
Beginning balances at Dec. 31, 2017 $ 5,824.4   $ 5,838.9     $ 49.0 $ 49.0     $ 846.1 $ 846.1     $ 4,932.9   $ 4,957.6 $ (3.6)   $ (13.8)
Beginning balances (Accounting standards update 2016-01) at Dec. 31, 2017 [2]   $ 14.5                         $ 22.4     $ (7.9) [1]  
Beginning balances (Accounting Standards Update 2018-02) at Dec. 31, 2017 [1]                             $ 2.3     $ (2.3)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net income 1,837.5                         1,837.5          
Other comprehensive income (loss), net of tax (28.2)                               (28.2)    
Dividends declared (694.7)                         (694.7)          
Common stock-based compensation plans activity:                                      
Shares issued upon option exercises (in shares)           2,870,000                          
Shares issued upon option exercises 121.3         $ 0.5       120.8                  
Stock issued, restricted stock award, net of shares withheld for taxes (in shares)               (115,000) 1,053,000                    
Stock issued, restricted stock award, net of shares withheld for taxes       $ (11.4) $ (36.6)       $ 0.2     $ (11.4) $ (36.8)            
Forfeiture of restricted awards (in shares)           (14,000)                          
Forfeiture of restricted awards 0.0                                    
Stock-based compensation expense 197.1                 197.1                  
Restricted stock units issued as dividend equivalents 0.0                 0.2       (0.2)          
Common shares repurchased (shares)           (10,836,000)                          
Common shares repurchased (1,099.6)         $ (2.1)       (461.4)       (636.1)          
Ending balances (in shares) at Dec. 31, 2018           238,069,000                          
Ending balances at Dec. 31, 2018 6,124.3         $ 47.6       654.6       5,464.1     (42.0)    
Beginning balances attributable to redeemable non-controlling interests at Dec. 31, 2017 992.8                                    
Increase (Decrease) in Temporary Equity [Roll Forward]                                      
Net income attributable to redeemable non-controlling interests (68.8)                                    
Other comprehensive income (loss), net of tax, attributable to redeemable non-controlling interests (26.1)                                    
Net subscriptions into T. Rowe Price investment products 468.8                                    
Net deconsolidations of T. Rowe Price investment products (626.4)                                    
Ending balances attributable to redeemable non-controlling interests at Dec. 31, 2018 740.3                                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net income 2,131.3                         2,131.3          
Other comprehensive income (loss), net of tax (1.0)                               (1.0)    
Dividends declared (733.6)                         (733.6)          
Common stock-based compensation plans activity:                                      
Shares issued upon option exercises (in shares)           2,924,000                          
Shares issued upon option exercises 148.5         $ 0.6       147.9                  
Stock issued, restricted stock award, net of shares withheld for taxes (in shares)               (41,000) 1,245,000                    
Stock issued, restricted stock award, net of shares withheld for taxes       $ (5.9) (59.3)       $ 0.2     $ (5.9) (59.5)            
Forfeiture of restricted awards (in shares)           (10,000)                          
Forfeiture of restricted awards 0.0                                    
Stock-based compensation expense 206.6                 206.6                  
Restricted stock units issued as dividend equivalents 0.0                 0.2       (0.2)          
Common shares repurchased (shares)           (6,973,000)                          
Common shares repurchased (708.8)         $ (1.4)       (289.3)       (418.1)          
Ending balances (in shares) at Dec. 31, 2019           235,214,000                          
Ending balances at Dec. 31, 2019 7,102.1         $ 47.0       654.6       6,443.5     (43.0)    
Increase (Decrease) in Temporary Equity [Roll Forward]                                      
Net income attributable to redeemable non-controlling interests 117.6                                    
Other comprehensive income (loss), net of tax, attributable to redeemable non-controlling interests 0.4                                    
Net subscriptions into T. Rowe Price investment products 530.3                                    
Net deconsolidations of T. Rowe Price investment products (267.6)                                    
Ending balances attributable to redeemable non-controlling interests at Dec. 31, 2019 1,121.0                                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net income 2,372.7                         2,372.7          
Other comprehensive income (loss), net of tax 20.0                               20.0    
Dividends declared $ (846.1)                         (846.1)          
Common stock-based compensation plans activity:                                      
Shares issued upon option exercises (in shares) 3,046,414         2,194,000                          
Shares issued upon option exercises $ 96.0         $ 0.5       95.5                  
Stock issued, restricted stock award, net of shares withheld for taxes (in shares)               8,000 1,457,000                    
Stock issued, restricted stock award, net of shares withheld for taxes         $ (91.7)       $ 0.3       $ (92.0)            
Forfeiture of restricted awards (in shares)           0                          
Forfeiture of restricted awards 0.0                                    
Stock-based compensation expense 246.2                 246.2                  
Restricted stock units issued as dividend equivalents 0.0                 0.3       (0.3)          
Common shares repurchased (shares)           (10,908,000)                          
Common shares repurchased (1,192.2)         $ (2.2)       (250.0)       (940.0)          
Ending balances (in shares) at Dec. 31, 2020           227,965,000                          
Ending balances at Dec. 31, 2020 7,707.0         $ 45.6       $ 654.6       $ 7,029.8     $ (23.0)    
Increase (Decrease) in Temporary Equity [Roll Forward]                                      
Net income attributable to redeemable non-controlling interests 150.6                                    
Other comprehensive income (loss), net of tax, attributable to redeemable non-controlling interests 34.9                                    
Net subscriptions into T. Rowe Price investment products 563.3                                    
Net deconsolidations of T. Rowe Price investment products (308.1)                                    
Ending balances attributable to redeemable non-controlling interests at Dec. 31, 2020 $ 1,561.7                                    
[1] Accumulated other comprehensive income
[2] Includes the reclassification of $1.7 million of stranded income taxes on available-for-sale investments resulting from U.S. tax law changes enacted on December 22, 2017, from accumulated other comprehensive income to retained earnings.