Accrued Compensation and Benefits (Tables)

6 Months Ended

Jun. 30, 2024

Retirement Benefits [Abstract]

Schedule of Components of Accrued Compensation and Benefits

Accrued compensation and benefits consist of the following: 

	As of
	June 30, 2024	December 31, 2023
	(Dollars in millions)
Accrued performance allocations and incentive fee related compensation	$4,021.7	$4,255.8
Accrued bonuses	185.6	498.2
Accrued pension liability	10.8	13.1
Other(1)	109.9	155.1
Total	$4,328.0	$4,922.2

(1)Includes $6.3 million and $44.5 million of realized performance allocations and incentive fee related compensation not yet paid to

participants as of June 30, 2024 and December 31, 2023, respectively.

Schedule of Performance Allocations and Incentive Fee Related Compensation

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

	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
	(Dollars in millions)
Realized	$114.9	$193.5	$381.7	$297.1
Unrealized	29.3	(285.7)	(310.3)	(283.6)
Total	$144.2	$(92.2)	$71.4	$13.5