UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Assets of consolidated T. Rowe Price investment products	$ 2,024.3	$ 2,276.9
Liabilities of consolidated T. Rowe Price investment products	$ 82.9	$ 39.2
Stockholders' equity
Preferred stock, par value (in dollars per share)	$ 0.2	$ 0.2
Preferred stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, par value (in dollars per share)	$ 0.2	$ 0.2
Common stock, shares authorized (in shares)	750,000,000	750,000,000
Common stock, shares issued (in shares)	227,985,000	235,214,000
Variable interest entities
Assets of consolidated T. Rowe Price investment products	$ 1,795.8	$ 1,975.3
Liabilities of consolidated T. Rowe Price investment products	$ 72.0	$ 27.0