2023 Q1 Form 10-K Financial Statement

#000111316923000007 Filed on February 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $1.538B $1.524B $6.488B
YoY Change -17.47% -22.3% -15.43%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $990.7M $1.037B $3.692B
YoY Change 8.95% 1.89% -0.89%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $58.80M $59.70M $225.7M
YoY Change 7.89% 11.17% 10.21%
% of Gross Profit
Operating Expenses $1.053B $1.105B $3.992B
YoY Change 6.88% 0.48% 0.77%
Operating Profit $484.2M $2.374B
YoY Change -44.81% -36.02%
Interest Expense $139.3M $140.8M -$408.2M
YoY Change -172.21% 181.6% -241.69%
% of Operating Profit 28.77% -17.2%
Other Income/Expense, Net $135.4M -$5.100M -$17.30M
YoY Change -168.21% -1800.0% -106.08%
Pretax Income $619.6M $388.8M $1.948B
YoY Change -8.73% -57.4% -51.23%
Income Tax $177.9M $99.20M $498.6M
% Of Pretax Income 28.71% 25.51% 25.59%
Net Earnings $421.5M $259.5M $1.522B
YoY Change -25.78% -64.96% -50.64%
Net Earnings / Revenue 27.41% 17.03% 23.45%
Basic Earnings Per Share $1.83 $6.73
Diluted Earnings Per Share $1.83 $1.155M $6.701M
COMMON SHARES
Basic Shares Outstanding 224.4M shares 223.5M shares 226.0M shares
Diluted Shares Outstanding 225.2M shares 227.1M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.094B $1.756B $1.756B
YoY Change 4.84% 15.26% 15.26%
Cash & Equivalents $2.094B $1.756B $1.756B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $730.4M $748.7M $748.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.825B $2.504B $2.504B
YoY Change -3.17% -2.99% -2.99%
LONG-TERM ASSETS
Property, Plant & Equipment $762.2M $1.035B $1.035B
YoY Change 3.52% 40.6% 10.42%
Goodwill $2.643B $2.643B
YoY Change -0.04% -1.87%
Intangibles $603.8M $629.8M
YoY Change -31.87% -31.05%
Long-Term Investments $4.427B $4.143B $4.143B
YoY Change -2.43% -16.11% -16.11%
Other Assets $216.1M
YoY Change -3187.14%
Total Long-Term Assets $9.332B $9.139B $9.139B
YoY Change -1.05% -7.94% -7.94%
TOTAL ASSETS
Total Short-Term Assets $2.825B $2.504B $2.504B
Total Long-Term Assets $9.332B $9.139B $9.139B
Total Assets $12.16B $11.64B $11.64B
YoY Change -1.55% -6.92% -6.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $359.9M $406.7M $406.7M
YoY Change -13.76% -5.64% -5.64%
Accrued Expenses $630.0M $557.6M $557.6M
YoY Change 24.65% 10.2% 10.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.140B $1.010B $1.010B
YoY Change 0.19% -0.45% -0.45%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $943.2M $1.956B $1.956B
YoY Change -13.76% 57.72% 57.72%
Total Long-Term Liabilities $943.2M $1.956B $1.956B
YoY Change -13.76% 57.72% 57.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.140B $1.010B $1.010B
Total Long-Term Liabilities $943.2M $1.956B $1.956B
Total Liabilities $2.083B $2.804B $2.804B
YoY Change -6.65% 24.32% -19.58%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $546.7M $482.8M
YoY Change -23.4% -50.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.045B $8.840B $8.840B
YoY Change
Total Liabilities & Shareholders Equity $12.16B $11.64B $11.64B
YoY Change -1.55% -6.92% -6.92%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $421.5M $259.5M $1.522B
YoY Change -25.78% -64.96% -50.64%
Depreciation, Depletion And Amortization $58.80M $59.70M $225.7M
YoY Change 7.89% 11.17% 10.21%
Cash From Operating Activities $511.7M -$135.2M $2.359B
YoY Change -53.63% -137.42% -31.65%
INVESTING ACTIVITIES
Capital Expenditures $60.70M $60.40M $237.6M
YoY Change 10.56% -200.0% -0.63%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $600.0K $88.40M $3.700M
YoY Change -110.53% -108.07% -111.97%
Cash From Investing Activities -$57.50M $28.00M -$41.50M
YoY Change -1613.16% -102.42% -96.22%
FINANCING ACTIVITIES
Cash Dividend Paid $282.2M $1.107B
YoY Change 1.07% -34.93%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$144.2M -460.2M -$2.077B
YoY Change -77.61% -58.08% -30.51%
NET CHANGE
Cash From Operating Activities $511.7M -135.2M $2.359B
Cash From Investing Activities -$57.50M 28.00M -$41.50M
Cash From Financing Activities -$144.2M -460.2M -$2.077B
Net Change In Cash $311.5M -567.4M $250.5M
YoY Change -32.34% -70.01% -139.62%
FREE CASH FLOW
Cash From Operating Activities $511.7M -$135.2M $2.359B
Capital Expenditures $60.70M $60.40M $237.6M
Free Cash Flow $451.0M -$195.6M $2.122B
YoY Change -56.99% -146.38% -33.96%

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CY2021 trow Depreciation Amortization And Impairment Of Property Equipment And Software
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CY2020 trow Depreciation Amortization And Impairment Of Property Equipment And Software
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CY2021 trow Amortization Of Acquisition Related Assets And Retention Arrangements
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CY2020 trow Amortization Of Acquisition Related Assets And Retention Arrangements
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CY2020 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2021 trow Net Gains Losses Recognizedon Investments
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CY2020 trow Net Gains Losses Recognizedon Investments
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CY2021 trow Increase Decrease In Trading Securities Consolidated Sponsored Investment Portfolios
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CY2021 trow Net Cash Flow For Consolidation Deconsolidation Of Sponsored Investment Portfolios
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CY2020 trow Net Cash Flow For Consolidation Deconsolidation Of Sponsored Investment Portfolios
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 trow Net Contributions From Distributions To Non Controlling Interests In Consolidated Entities
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CY2020 trow Net Contributions From Distributions To Non Controlling Interests In Consolidated Entities
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CY2021 trow Net Subscriptions Redemptions Received From Redeemable Non Controlling Interest Holders
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CY2020 trow Net Subscriptions Redemptions Received From Redeemable Non Controlling Interest Holders
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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CY2022 trow Net Income Loss Including Non Controlling Interest Compensation Expense Attributable To Parent
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CY2022 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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CY2022 us-gaap Use Of Estimates
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These principles require that we make certain estimates and assumptions. Actual results may vary from our estimates.
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<div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Concentration of risk</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Concentration of credit risk in accounts receivable is believed to be minimal in that our clients generally have substantial assets, including those in the investment portfolios we manage for them. </span></div>Our investments held at fair value expose us to market risk, that is, the potential future loss of value that would result from a decline in the fair value of each investment or its underlying net assets. The underlying holdings of our assets under management are also subject to market risk, which may arise from changes in equity prices, credit ratings, foreign currency exchange rates, and interest rates.
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CY2022 trow Number Of Investment Advisory Business
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CY2020 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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CY2020Q4 trow Number Of Equity Method Investments
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P10Y7M6D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.033
CY2022 us-gaap Operating Lease Expense
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50000000 usd
CY2021 us-gaap Operating Lease Expense
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32500000 usd
CY2020 us-gaap Operating Lease Expense
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CY2022 us-gaap Variable Lease Cost
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CY2022 us-gaap Operating Lease Payments
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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40800000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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56400000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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26000000.0 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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34100000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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CY2022Q4 us-gaap Operating Lease Liability
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CY2021Q4 us-gaap Property Plant And Equipment Gross
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CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CY2022Q4 us-gaap Property Plant And Equipment Net
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CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2022Q4 us-gaap Goodwill
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CY2021Q4 us-gaap Goodwill
Goodwill
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CY2022Q4 us-gaap Intangible Assets Net Including Goodwill
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CY2021Q4 us-gaap Intangible Assets Net Including Goodwill
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CY2021Q4 us-gaap Goodwill
Goodwill
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CY2020Q4 us-gaap Goodwill
Goodwill
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CY2021 us-gaap Goodwill Acquired During Period
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CY2022 us-gaap Goodwill Purchase Accounting Adjustments
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CY2021 us-gaap Goodwill Purchase Accounting Adjustments
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CY2022Q4 us-gaap Goodwill
Goodwill
2642800000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
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CY2021 us-gaap Goodwill Impairment Loss
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CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2022 us-gaap Impairment Of Intangible Assets Finitelived
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CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2020 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
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CY2020 us-gaap Current Foreign Tax Expense Benefit
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DeferredIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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DeferredIncomeTaxExpenseBenefitRelatedtoPropertyandEquipment
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CY2021 trow Deferred Income Tax Expense Benefit Relatedto Propertyand Equipment
DeferredIncomeTaxExpenseBenefitRelatedtoPropertyandEquipment
11800000 usd
CY2020 trow Deferred Income Tax Expense Benefit Relatedto Propertyand Equipment
DeferredIncomeTaxExpenseBenefitRelatedtoPropertyandEquipment
15600000 usd
CY2022 trow Deferred Income Tax Expense Benefit Relatedto Asset Impairments
DeferredIncomeTaxExpenseBenefitRelatedtoAssetImpairments
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DeferredIncomeTaxExpenseBenefitRelatedtoAssetImpairments
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CY2022 trow Deferred Income Tax Expense Benefit Relatedto Operating Lease Assets
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CY2021 trow Deferred Income Tax Expense Benefit Relatedto Operating Lease Assets
DeferredIncomeTaxExpenseBenefitRelatedtoOperatingLeaseAssets
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CY2021 trow Deferred Income Tax Expense Benefit Relatedto Operating Lease Liabilities
DeferredIncomeTaxExpenseBenefitRelatedtoOperatingLeaseLiabilities
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DeferredIncomeTaxExpenseBenefitRelatedtoStockBasedCompensation
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DeferredIncomeTaxExpenseBenefitRelatedtoStockBasedCompensation
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CY2020 trow Deferred Income Tax Expense Benefit Relatedto Stock Based Compensation
DeferredIncomeTaxExpenseBenefitRelatedtoStockBasedCompensation
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CY2021 trow Deferred Income Tax Expense Benefit Relatedto Accrued Compensation
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CY2021 trow Deferred Income Tax Expense Benefit Related To Acquisition Related Retention Liability
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CY2020 trow Deferred Income Tax Expense Benefit Related To Acquisition Related Retention Liability
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CY2022 trow Deferred Income Tax Expense Benefit Related To Contingent Consideration Liability
DeferredIncomeTaxExpenseBenefitRelatedToContingentConsiderationLiability
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CY2021 trow Deferred Income Tax Expense Benefit Related To Contingent Consideration Liability
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CY2020 trow Deferred Income Tax Expense Benefit Related To Contingent Consideration Liability
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CY2022 trow Deferred Income Tax Expense Benefit Related To Acquired Investments
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CY2020 trow Deferred Income Tax Expense Benefit Related To Acquired Investments
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DeferredIncomeTaxExpenseBenefitRelatedtoOther
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DeferredIncomeTaxExpenseBenefitRelatedtoOther
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DeferredIncomeTaxExpenseBenefitRelatedtoOther
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
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CY2022 trow Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefits Tax Shortfalls Percent
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CY2020 trow Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefits Tax Shortfalls Percent
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Impairment Losses
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CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Impairment Losses
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CY2022Q4 trow Deferred Tax Assets Operating Lease Liabilities
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CY2021Q4 trow Deferred Tax Assets Operating Lease Liabilities
DeferredTaxAssetsOperatingLeaseLiabilities
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CY2022Q4 trow Deferred Tax Assets Tax Deferred Expense Compensationand Benefits Accrued Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationandBenefitsAccruedCompensation
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CY2021Q4 trow Deferred Tax Assets Tax Deferred Expense Compensationand Benefits Accrued Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationandBenefitsAccruedCompensation
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CY2022Q4 us-gaap Deferred Tax Assets Investments
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CY2022Q4 trow Deferred Tax Assets Tax Deferred Expense Compensationand Benefits Deferred Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationandBenefitsDeferredCompensation
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CY2021Q4 trow Deferred Tax Assets Tax Deferred Expense Compensationand Benefits Deferred Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationandBenefitsDeferredCompensation
190200000 usd
CY2022Q4 trow Deferred Tax Asset Net Unrealized Holding Losss Recognized In Income
DeferredTaxAssetNetUnrealizedHoldingLosssRecognizedInIncome
10600000 usd
CY2021Q4 trow Deferred Tax Asset Net Unrealized Holding Losss Recognized In Income
DeferredTaxAssetNetUnrealizedHoldingLosssRecognizedInIncome
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CY2022Q4 us-gaap Deferred Tax Assets Unrealized Currency Losses
DeferredTaxAssetsUnrealizedCurrencyLosses
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CY2021Q4 us-gaap Deferred Tax Assets Unrealized Currency Losses
DeferredTaxAssetsUnrealizedCurrencyLosses
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CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
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CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
24600000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
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CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
343000000.0 usd
CY2022Q4 trow Deferred Tax Liabilities Acquisition Related Retention Liability
DeferredTaxLiabilitiesAcquisitionRelatedRetentionLiability
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CY2021Q4 trow Deferred Tax Liabilities Acquisition Related Retention Liability
DeferredTaxLiabilitiesAcquisitionRelatedRetentionLiability
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CY2022Q4 trow Deferred Tax Liabilities Contingent Consideration Liability
DeferredTaxLiabilitiesContingentConsiderationLiability
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CY2021Q4 trow Deferred Tax Liabilities Contingent Consideration Liability
DeferredTaxLiabilitiesContingentConsiderationLiability
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CY2022Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
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CY2021Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
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CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
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CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
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CY2022Q4 trow Deferred Tax Liabilities Operating Lease Assets
DeferredTaxLiabilitiesOperatingLeaseAssets
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CY2021Q4 trow Deferred Tax Liabilities Operating Lease Assets
DeferredTaxLiabilitiesOperatingLeaseAssets
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CY2022Q4 trow Deferred Tax Liabilities Net Unrealized Holding Gains Recognizedin Income
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CY2021Q4 trow Deferred Tax Liabilities Net Unrealized Holding Gains Recognizedin Income
DeferredTaxLiabilitiesNetUnrealizedHoldingGainsRecognizedinIncome
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CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
12800000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
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CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
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CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
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CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
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CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
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CY2022Q4 trow Previously Taxed Earnings And Profits Of Foreign Subsidiaries With Unremitted Earnings
PreviouslyTaxedEarningsAndProfitsOfForeignSubsidiariesWithUnremittedEarnings
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CY2022 trow Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings Threshold Percentage
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarningsThresholdPercentage
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CY2022Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
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CY2021Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
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CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2022 trow Effective Income Tax Rate Reconciliation Sharebased Compensation Excess Tax Benefit Tax Shortfall Amount
EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitTaxShortfallAmount
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CY2021 trow Effective Income Tax Rate Reconciliation Sharebased Compensation Excess Tax Benefit Tax Shortfall Amount
EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitTaxShortfallAmount
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CY2020 trow Effective Income Tax Rate Reconciliation Sharebased Compensation Excess Tax Benefit Tax Shortfall Amount
EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitTaxShortfallAmount
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CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
26700000 usd
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
23900000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
5500000 usd
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
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CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
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CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
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CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
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CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
29300000 usd
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
26700000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
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CY2021Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
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CY2021Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
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CY2022Q4 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
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CY2022Q4 trow Unsettled Common Stock Repurchases Liabilities
UnsettledCommonStockRepurchasesLiabilities
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CY2022Q4 us-gaap Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
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CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
177200000 usd
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
198300000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
77100000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
121.51
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
231400000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
130.49
CY2022 trow Sharebased Compensation Arrangement By Sharebased Payment Award Nonvested Dividend Equivalents Granted To Non Employee Directors Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardNonvestedDividendEquivalentsGrantedToNonEmployeeDirectorsWeightedAverageGrantDateFairValue
119.52
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
144.00
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
142.37
CY2022Q4 trow Vested Restricted Stock Units
VestedRestrictedStockUnits
94939 shares
CY2022Q4 trow Employee Service Sharebased Compensation Nonvested Awards Compensation Cost To Be Recognized Quarter One Of Next Fiscal Year
EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostToBeRecognizedQuarterOneOfNextFiscalYear
60600000 usd
CY2022Q4 trow Employee Service Sharebased Compensation Nonvested Awards Compensation Cost To Be Recognized Quarter Two Of Next Fiscal Year
EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostToBeRecognizedQuarterTwoOfNextFiscalYear
59200000 usd
CY2022Q4 trow Employee Service Sharebased Compensation Nonvested Awards Compensation Cost To Be Recognized Quarter Three Of Next Fiscal Year
EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostToBeRecognizedQuarterThreeOfNextFiscalYear
58000000.0 usd
CY2022Q4 trow Employee Service Sharebased Compensation Nonvested Awards Compensation Cost To Be Recognized Quarter Four Of Next Fiscal Year
EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostToBeRecognizedQuarterFourOfNextFiscalYear
50700000 usd
CY2022Q4 trow Employee Service Sharebased Compensation Nonvested Awards Compensation Cost To Be Recognized Next Fiscal Year
EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostToBeRecognizedNextFiscalYear
228500000 usd
CY2022Q4 trow Employee Service Share Based Compensation Nonvested Awards Compensation Cost To Be Recognized From Second Fiscal Year To Vesting
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostToBeRecognizedFromSecondFiscalYearToVesting
218000000.0 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
446500000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
1557900000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
3082900000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
2372700000 usd
CY2022 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
36100000 usd
CY2022 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
36100000 usd
CY2021 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
80500000 usd
CY2021 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
80500000 usd
CY2020 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
65300000 usd
CY2020 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
65300000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1521800000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1521800000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3002400000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3002400000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2307400000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2307400000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
226000000.0 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
226600000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
228800000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
227100000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
228800000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
231200000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-21000000.0 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-26200000 usd
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
34900000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
130200000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
124200000 usd
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
117000000 usd
CY2022 dei Auditor Name
AuditorName
KPMG LLP
CY2022 dei Auditor Location
AuditorLocation
Baltimore, Maryland

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