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Concentration Risk Concentration Risk (Tables)
 12 Months Ended
Dec. 31, 2017
Risks and Uncertainties [Abstract]  
Schedules of Revenue Concentration
The following table summarizes the percentage of total revenue earned from Federated's asset classes over the last three years:
 
 
2017

 
2016

 
2015

Money market assets
 
41
%
 
45
%
 
33
%
Equity assets
 
42
%
 
38
%
 
46
%
Fixed-income assets
 
17
%
 
17
%
 
21
%
Voluntary Fee Waivers
The impact of such fee waivers on various components of Federated's Consolidated Statements of Income was as follows for the years ended December 31:
in millions
 
2017

 
2016

 
2015

Revenue
 
$
(4.4
)
 
$
(87.8
)
 
$
(333.6
)
Less: Reduction in Distribution expense
 
3.6

 
65.8

 
240.6

Operating income
 
(0.8
)
 
(22.0
)
 
(93.0
)
Less: Reduction in Noncontrolling interest
 
0.0

 
0.0

 
7.1

Pre-tax impact
 
$
(0.8
)
 
$
(22.0
)
 
$
(85.9
)