UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Assets of consolidated T. Rowe Price investment products	$ 2,161.5	$ 2,276.9
Liabilities of consolidated T. Rowe Price investment products	$ 54.8	$ 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)	226,990,000	235,214,000
Variable interest entities
Assets of consolidated T. Rowe Price investment products	$ 2,005.4	$ 1,975.3
Liabilities of consolidated T. Rowe Price investment products	$ 41.6	$ 27.0