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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities:    
Net income (loss) $ 288.9 $ (152.9)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 20.7 26.0
Impairment of goodwill and intangible assets 44.4 513.7
Deferred income taxes 22.8 (117.7)
Stock-based compensation plan expense 34.7 34.1
Gain on sale of Geneva   (16.2)
Investment (gains) losses, net (3.4) 0.2
Contributions to pension plans in excess of costs recognized (0.5) (0.2)
Contingent consideration fair value adjustment   (7.1)
Other, net (5.9) (22.2)
Changes in operating assets and liabilities:    
OEIC and unit trust receivables and payables (2.9) 16.5
Other assets (33.5) 60.4
Other accruals and liabilities (70.5) (92.1)
Net operating activities 294.8 242.5
Sales (purchases) of:    
Investment securities, net (1.5) 77.5
Property, equipment and software (1.1) (12.4)
Investment securities by consolidated seeded investment products, net (37.5) (237.4)
Cash received (paid) on settled seed capital hedges, net (8.0) 6.0
Dividends received from equity-method investments 1.1 0.5
Receipt of contingent consideration payments from sale of Volantis 0.7 2.2
Receipt of contingent consideration payments from sale of Geneva 3.4  
Proceeds from sale of Geneva   38.6
Net investing activities (42.9) (125.0)
Financing activities:    
Proceeds from stock-based compensation plans 5.5  
Purchase of common stock for stock-based compensation plans (72.0) (45.7)
Purchase of common stock from Dai-ichi Life and share buyback program (230.2) (53.2)
Dividends paid to shareholders (126.7) (132.3)
Payment of contingent consideration   (13.8)
Distributions to noncontrolling interests (0.3) (0.5)
Third-party sales in consolidated seeded investment products, net 39.5 237.4
Principal payments under capital lease obligations (0.3) (0.5)
Net financing activities (384.5) (8.6)
Cash and cash equivalents:    
Effect of foreign exchange rate changes 1.8 (25.0)
Net change (130.8) 83.9
At beginning of period 1,108.1 796.5
At end of period 977.3 880.4
Supplemental cash flow information:    
Cash paid for interest 7.3 7.3
Cash paid for income taxes, net of refunds 113.1 32.9
Reconciliation of cash and cash equivalents:    
Cash and cash equivalents 977.3 880.4
Consolidated VIEs    
Cash and cash equivalents:    
At end of period 10.4 43.8
Reconciliation of cash and cash equivalents:    
Cash and cash equivalents 10.4 43.8
Consolidated excluding VIEs    
Cash and cash equivalents:    
At end of period 966.9 836.6
Reconciliation of cash and cash equivalents:    
Cash and cash equivalents $ 966.9 $ 836.6