Accrued Compensation and Benefits (Tables)

12 Months Ended

Dec. 31, 2021

Retirement Benefits [Abstract]

Components of accrued compensation and benefits

Accrued compensation and benefits consist of the following:

	As of December 31,
	2021		2020
	(Dollars in millions)
Accrued performance allocations and incentive fee-related compensation	$	4,087.8	$	2,534.4
Accrued bonuses	521.4		469.6
Employment-based contingent cash consideration (1)	6.3		50.6
Accrued pension liability	27.4		41.8
Other (2)	312.1		126.2
Total	$	4,955.0	$	3,222.6

(1) The acquisition of the Carlyle Aviation Partners, Ltd. (“Carlyle Aviation Partners”, formerly known as Apollo Aviation Group) in December 2018 included an earn-out of up to $150.0 million that is payable upon the achievement of certain revenue and earnings performance targets during 2020 through 2025, which is accounted for as compensation expense. See Note 3 to the consolidated financial statements included in the Company’s 2018 Annual Report on Form 10-K for additional information on the Carlyle Aviation Partners acquisition.

(2) Includes $207.0 million and $31.5 million of realized performance allocations and incentive fee-related compensation not yet paid to participants as of December 31, 2021 and December 31, 2020, respectively.

Schedule of performance allocations and incentive fee related compensation

The following table presents realized and unrealized performance allocations and incentive fee related compensation:

	Year Ended December 31,
	2021		2020		2019
	(Dollars in millions)
Realized	$	1,414.5	$	337.2	$	219.1
Unrealized	1,546.5		441.9		217.6
Total	$	2,961.0	$	779.1	$	436.7