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Consolidated Investment Products (Tables)
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2012
Consolidated Investment Products [Abstract]    
Company's Maximum Risk Of Loss In Significant VIE's  
At December 31, 2012, the company's maximum risk of loss in significant VIEs in which the company is not the primary beneficiary is presented in the table below.
$ in millions
Footnote Reference
 
Carrying Value
 
Company's Maximum Risk of Loss
Partnership and trust investments
—

 
38.2

 
38.2

Investments in Invesco Mortgage Capital Inc.
—

 
32.5

 
32.5

Support agreements*
19

 
(1.0
)
 
21.0

Total
 
91.7


____________

*
As of December 31, 2012, the committed support under these agreements was $21.0 million with an internal approval mechanism to increase the maximum possible support to $66.0 million at the option of the company.
VIE Balance Sheets Consolidated In Period  

Balance Sheet

 
 
For the year ended December 31, 2012
$ in millions
 
CLOs - VIEs
Current assets
 
516.5

Non-current assets
 
693.3

Total assets
 
1,209.8

Current liabilities
 
406.2

Non-current liabilities
 
803.6

Total liabilities
 
1,209.8

Total equity
 
—

Total liabilities and equity
 
1,209.8

 
 
For the year ended December 31, 2012
$ in millions
 
CLOs - VIEs
Current assets
 
181.2

Non-current assets
 
2,247.4

Total assets
 
2,428.6

Current liabilities
 
47.5

Non-current liabilities
 
2,264.2

Total liabilities
 
2,311.7

Total equity
 
116.9

Total liabilities and equity
 
2,428.6
Condensed Consolidating Balance Sheet [Table Text Block]
$ in millions
 
CLOs - VIEs
 
Other VIEs
 
VOEs
 
Adjustments(1)
 
Subtotal - Impact of Consolidated Investment Products
 
Invesco Ltd. Consolidated
As of December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
Current assets
 
266.4

 
0.4

 
120.9

 
(20.2
)
 
367.5

 
3,907.6

Non-current assets
 
3,948.0

 
35.9

 
607.9

 
(107.9
)
 
4,483.9

 
13,584.8

Total assets
 
4,214.4

 
36.3

 
728.8

 
(128.1
)
 
4,851.4

 
17,492.4

Current liabilities
 
105.3

 
0.5

 
2.9

 
(13.3
)
 
95.4

 
2,713.0

Long-term debt of consolidated investment products
 
3,980.7

 
—

 
—

 
(81.3
)
 
3,899.4

 
3,899.4

Other non-current liabilities
 
—

 
—

 
—

 
—

 
—

 
1,831.0

Total liabilities
 
4,086.0

 
0.5

 
2.9

 
(94.6
)
 
3,994.8

 
8,443.4

Retained earnings appropriated for investors in consolidated investment products
 
128.8

 
—

 
—

 
—

 
128.8

 
128.8

Other equity attributable to common shareholders
 
(0.4
)
 
(0.1
)
 
34.0

 
(33.5
)
 
—

 
8,188.0

Equity attributable to noncontrolling interests in consolidated entities
 
—

 
35.9

 
691.9

 
—

 
727.8

 
732.2

Total liabilities and equity
 
4,214.4

 
36.3

 
728.8

 
(128.1
)
 
4,851.4

 
17,492.4


$ in millions
 
CLOs - VIEs
 
Other VIEs
 
VOEs
 
Adjustments(1)
 
Subtotal - Impact of Consolidated Investment Products
 
Invesco Ltd. Consolidated
As of December 31, 2011
 
 
 
 
 
 
 
 
 
 
 
 
Current assets
 
394.5

 
3.1

 
113.7

 
(29.9
)
 
481.4

 
3,834.1

Non-current assets
 
5,682.3

 
42.8

 
903.8

 
(92.5
)
 
6,536.4

 
15,512.9

Total assets
 
6,076.8

 
45.9

 
1,017.5

 
(122.4
)
 
7,017.8

 
19,347.0

Current liabilities
 
179.2

 
0.4

 
5.8

 
(29.9
)
 
155.5

 
2,974.4

Long-term debt of consolidated investment products
 
5,563.3

 
—

 
—

 
(50.4
)
 
5,512.9

 
5,512.9

Other non-current liabilities
 
—

 
—

 
—

 
—

 
—

 
1,722.1

Total liabilities
 
5,742.5

 
0.4

 
5.8

 
(80.3
)
 
5,668.4

 
10,209.4

Retained earnings appropriated for investors in consolidated investment products
 
334.3

 
—

 
—

 
—

 
334.3

 
334.3

Other equity attributable to common shareholders
 
—

 
0.1

 
43.1

 
(42.1
)
 
1.1

 
7,784.8

Equity attributable to noncontrolling interests in consolidated entities
 
—

 
45.4

 
968.6

 
—

 
1,014.0

 
1,018.5

Total liabilities and equity
 
6,076.8

 
45.9

 
1,017.5

 
(122.4
)
 
7,017.8

 
19,347.0


____________

(1)
Adjustments include the elimination of intercompany transactions between the company and its consolidated investment products, primarily the elimination of the company's equity at risk recorded as investments by the company (before consolidation) against either equity (private equity and real estate partnership funds) or subordinated debt (CLOs) of the funds.
  
Condensed Consolidating Statement Of Income Line Items Reflecting Impact Of Consolidation Of Investment Products Into The Condensed Consolidated Statements Of Income  
$ in millions
 
CLOs - VIEs
 
Other VIEs
 
VOEs
 
Adjustments(1)
 
Subtotal - Impact of Consolidated Investment Products
 
Invesco Ltd. Consolidated
Year ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
Total operating revenues
 
—

 
—

 
—

 
(41.0
)
 
(41.0
)
 
4,177.0

Total operating expenses
 
48.2

 
0.9

 
23.4

 
(41.0
)
 
31.5

 
3,305.5

Operating income
 
(48.2
)
 
(0.9
)
 
(23.4
)
 
—

 
(72.5
)
 
871.5

Equity in earnings of unconsolidated affiliates
 
—

 
—

 
—

 
0.5

 
0.5

 
29.7

Interest and dividend income
 
260.7

 
—

 
—

 
(14.5
)
 
246.2

 
268.3

Other investment income/(losses)
 
(112.2
)
 
2.4

 
13.7

 
(10.3
)
 
(106.4
)
 
(89.4
)
Interest expense
 
(182.8
)
 
—

 
—

 
14.5

 
(168.3
)
 
(220.6
)
Income before income taxes
 
(82.5
)
 
1.5

 
(9.7
)
 
(9.8
)
 
(100.5
)
 
859.5

Income tax provision
 
—

 
—

 
—

 
—

 
—

 
(272.2
)
Net income
 
(82.5
)
 
1.5

 
(9.7
)
 
(9.8
)
 
(100.5
)
 
587.3

(Gains)/losses attributable to noncontrolling interests in consolidated entities, net
 
82.2

 
(1.5
)
 
9.1

 
—

 
89.8

 
89.8

Net income attributable to common shareholders
 
(0.3
)
 
—

 
(0.6
)
 
(9.8
)
 
(10.7
)
 
677.1



$ in millions
 
CLOs - VIEs
 
Other VIEs
 
VOEs
 
Adjustments(1)
 
Subtotal - Impact of Consolidated Investment Products
 
Invesco Ltd. Consolidated
Year ended December 31, 2011
 
 
 
 
 
 
 
 
 
 
 
 
Total operating revenues
 
—

 
—

 
0.1

 
(47.3
)
 
(47.2
)
 
4,092.2

Total operating expenses
 
46.7

 
1.0

 
12.6

 
(47.3
)
 
13.0

 
3,194.1

Operating income
 
(46.7
)
 
(1.0
)
 
(12.5
)
 
—

 
(60.2
)
 
898.1

Equity in earnings of unconsolidated affiliates
 
—

 
—

 
—

 
(0.2
)
 
(0.2
)
 
30.5

Interest and dividend income
 
307.2

 
—

 
—

 
(8.3
)
 
298.9

 
318.2

Other investment income/(losses)
 
(235.1
)
 
1.0

 
74.9

 
20.3

 
(138.9
)
 
(89.9
)
Interest expense
 
(195.3
)
 
—

 
—

 
8.3

 
(187.0
)
 
(248.8
)
Income before income taxes
 
(169.9
)
 
—

 
62.4

 
20.1

 
(87.4
)
 
908.1

Income tax provision
 
—

 
—

 
—

 
—

 
—

 
(286.1
)
Net income
 
(169.9
)
 
—

 
62.4

 
20.1

 
(87.4
)
 
622.0

(Gains)/losses attributable to noncontrolling interests in consolidated entities, net
 
169.9

 
—

 
(62.3
)
 
—

 
107.6

 
107.7

Net income attributable to common shareholders
 
—

 
—

 
0.1

 
20.1

 
20.2

 
729.7


$ in millions
 
CLOs - VIEs
 
VIEs
 
VOEs
 
Adjustments(1)
 
Subtotal - Impact of Consolidated Investment Products
 
Invesco Ltd. Consolidated
Year ended December 31, 2010
 
 
 
 
 
 
 
 
 
 
 
 
Total operating revenues
 
—

 
—

 
0.3

 
(45.3
)
 
(45.0
)
 
3,487.7

Total operating expenses
 
41.4

 
1.6

 
12.3

 
(45.3
)
 
10.0

 
2,897.8

Operating income
 
(41.4
)
 
(1.6
)
 
(12.0
)
 
—

 
(55.0
)
 
589.9

Equity in earnings of unconsolidated affiliates
 
—

 
—

 
—

 
(0.6
)
 
(0.6
)
 
40.2

Interest and dividend income
 
246.0

 
—

 
—

 
(5.1
)
 
240.9

 
251.3

Other investment income/(losses)
 
(3.8
)
 
6.9

 
104.5

 
6.4

 
114.0

 
129.6

Interest expense
 
(123.7
)
 
—

 
—

 
5.1

 
(118.6
)
 
(177.2
)
Income before income taxes
 
77.1

 
5.3

 
92.5

 
5.8

 
180.7

 
833.8

Income tax provision
 
—

 
—

 
—

 
—

 
—

 
(197.0
)
Net income/(loss)
 
77.1

 
5.3

 
92.5

 
5.8

 
180.7

 
636.8

(Gains)/losses attributable to noncontrolling interests in consolidated entities, net
 
(77.1
)
 
(5.3
)
 
(88.4
)
 
(0.1
)
 
(170.9
)
 
(171.1
)
Net income attributable to common shareholders
 
—

 
—

 
4.1

 
5.7

 
9.8

 
465.7


____________

(1)
Adjustments include the elimination of intercompany transactions between the company and its consolidated investment products, primarily the elimination of management fees expensed by the funds and recorded as operating revenues (before consolidation) by the company.
Fair Value Hierarchy Levels Of Investments Held And Notes Issued By Consolidated Investment Products  
The following tables present the fair value hierarchy levels of investments held, derivative contracts, and notes issued by consolidated investment products, which are measured at fair value as of December 31, 2012 and December 31, 2011:
 
As of December 31, 2012
$ in millions
Fair Value Measurements
 
Quoted Prices in Active Markets for Identical Assets (Level 1)
 
Significant Other Observable Inputs (Level 2)
 
Significant Unobservable Inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
CLO collateral assets:
 
 
 
 
 
 
 
  Bank loans
3,709.3

 
—

 
3,709.3

 
—

  Bonds
185.4

 
—

 
185.4

 
—

  Equity securities
12.1

 
—

 
12.1

 
—

Private equity fund assets:

 
  
 
  
 
  
  Equity securities
124.4

 
20.4

 
9.9

 
94.1

  Investments in other private equity funds
503.5

 
—

 
—

 
503.5

    Debt securities issued by the U.S. Treasury
10.0

 
10.0

 
—

 
—

Real estate investments
5.3

 
—

 
—

 
5.3

Total assets at fair value
4,550.0

 
30.4

 
3,916.7

 
602.9

Liabilities:
 
 
 

 
 

 
 

  CLO notes
(3,899.4
)
 
—

 
—

 
(3,899.4
)
Total liabilities at fair value
(3,899.4
)
 
—

 
—

 
(3,899.4
)

 
As of December 31, 2011
$ in millions
Fair Value Measurements
 
Quoted Prices in Active Markets for Identical Assets (Level 1)
 
Significant Other
Observable Inputs (Level 2)
 
Significant
Unobservable Inputs (Level 3)
Assets:
 
 
 
 
 
 
 
CLO collateral assets:
 
 
 
 
 
 
 
Bank loans
5,354.3

 
—

 
5,354.3

 
—

Bonds
292.8

 
—

 
292.8

 
—

Equity securities
35.3

 
—

 
35.3

 
—

CLO-related derivative assets
10.8

 
—

 
10.8

 
—

Private equity fund assets:

 
  
 
  
 
  
Equity securities
138.2

 
11.4

 
0.1

 
126.7

Debt Securities
10.0

 
—

 
—

 
10.0

Investments in other private equity funds
559.5

 
—

 
—

 
559.5

Debt securities issued by the U.S. Treasury
6.0

 
6.0

 
—

 
—

Real estate investments
232.9

 
—

 
—

 
232.9

Total assets at fair value
6,639.8

 
17.4

 
5,693.3

 
929.1

Liabilities:
 
 
 
 
 
 
 
CLO notes
(5,512.9
)
 
—

 
—

 
(5,512.9
)
CLO-related derivative liabilities
(5.8
)
 
—

 
(5.8
)
 
—

Total liabilities at fair value
(5,518.7
)
 
—

 
(5.8
)
 
(5,512.9
)
Beginning And Ending Fair Value Measurements For Level 3 Assets And Liabilities  
The following table shows a reconciliation of the beginning and ending fair value measurements for level 3 assets and liabilities using significant unobservable inputs:
 
Year ended December 31, 2012
 
Year ended December 31, 2011
$ in millions
Level 3 Assets
 
Level 3 Liabilities
 
Level 3 Assets
 
Level 3 Liabilities
Beginning balance
929.1

 
(5,512.9
)
 
972.8

 
(5,865.4
)
Purchases
8.9

 
—

 
52.2

 
—

Sales
(334.5
)
 
—

 
(187.6
)
 
—

Issuances
—

 
(792.5
)
 
—

 
—

Settlements


 
619.9

 
—

 
530.4

Deconsolidation of consolidated investment products
—

 
2,123.7

 
—

 
—

Gains and losses included in the Consolidated Statements of Income*
12.4

 
(349.2
)
 
81.1

 
(74.1
)
Transfers, net**
(9.9
)
 
—

 
—

 
—

Foreign exchange
(3.1
)
 
11.6

 
10.6

 
(103.8
)
Ending balance
602.9

 
(3,899.4
)
 
929.1

 
(5,512.9
)

____________

*
Included in gains and losses of consolidated investment products in the Consolidated Statement of Income for the year ended December 31, 2012 are $28.3 million in net unrealized gains attributable to investments still held at December 31, 2012 by consolidated investment products (year ended December 31, 2011: $24.1 million net unrealized gains attributable to investments still held at December 31, 2011).

**
During the year ended December 31, 2012, $9.9 million of equity securities held by consolidated private equity funds were transferred from Level 3 to Level 2 due to the legal lock up requirements of public offering of securities in the underlying companies. For transfers due to public offerings, the company's policy is to use the fair value of the transferred security on the offering date.