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Equity (Tables)
 12 Months Ended
Dec. 31, 2013
Equity [Abstract]  
Schedule of basic and diluted earnings per share
The computation of basic and diluted earnings per share is as follows (in millions, except per share amounts):
 
Year Ended December 31,
 
2013
 
2012
 
2011
Net income attributable to DST Systems, Inc. 
$
352.6

 
$
324.0

 
$
183.1

 
 
 
 
 
 
Weighted average common shares outstanding
43.2

 
44.9

 
45.7

Incremental shares from restricted stock units, stock options and convertible debentures
0.9

 
0.9

 
0.6

Weighted average diluted shares outstanding
44.1

 
45.8

 
46.3

 
 
 
 
 
 
Basic earnings per share
$
8.15

 
$
7.22

 
$
4.01

Diluted earnings per share
$
8.00

 
$
7.08

 
$
3.95
Schedule of accumulated other comprehensive Income
Accumulated other comprehensive income (“AOCI”) balances, net of tax consist of the following (in millions):
 
 Unrealized Gains
on Available-for-Sale Securities
 
Unrealized Loss on Cash Flow Hedges
 
Foreign Currency
Translation
Adjustments
 
Accumulated Other
Comprehensive
Income
Balance, December 31, 2011
$
264.1

 
$
(2.5
)
 
$
16.2

 
$
277.8

Net current period other comprehensive income (loss)
(10.4
)
 
1.1

 
(11.7
)
 
(21.0
)
Balance, December 31, 2012
253.7

 
(1.4
)
 
4.5

 
256.8

Net current period other comprehensive income
47.1

 
0.9

 
3.4

 
51.4

Balance, December 31, 2013
$
300.8

 
$
(0.5
)
 
$
7.9

 
$
308.2
Reclassification out of accumulated other comprehensive income
Additions to and reclassifications out of Accumulated other comprehensive income attributable to the Company (in millions):
 
Year Ended December 31,
 
2013
 
2012
 
2011
 
Pretax
 
Net of Tax
 
Pretax
 
Net of Tax
 
Pretax
 
Net of Tax
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) on available-for-sale securities
$
267.6

 
$
164.1

 
$
122.3

 
$
78.5

 
$
(103.3
)
 
$
(63.1
)
Reclassification of gains into net earnings on available-for-sale securities (1)
(191.6
)
 
(117.0
)
 
(145.7
)
 
(88.9
)
 
(18.0
)
 
(11.0
)
Net change in available-for-sale securities
76.0

 
47.1

 
(23.4
)
 
(10.4
)
 
(121.3
)
 
(74.1
)
Cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) on cash flow hedges
(1.2
)
 
(1.0
)
 
(0.8
)
 
(0.5
)
 
0.7

 
0.4

Reclassification of losses into net earnings on foreign currency cash flow hedges (2)
0.4

 
0.4

 
—

 
—

 
—

 
—

Reclassification of losses into net earnings on interest rate cash flow hedges (3)
2.5

 
1.5

 
2.8

 
1.6

 
—

 
—

Net change in cash flow hedges
1.7

 
0.9

 
2.0

 
1.1

 
0.7

 
0.4

Proportional share of unconsolidated affiliates OCI:
 
 
 
 
 
 
 
 
 
 
 
Reclassification of losses into net earnings (4)
—

 
—

 
—

 
—

 
2.0

 
1.2

Cumulative translation adjustments
3.4

 
3.4

 
(20.1
)
 
(11.7
)
 
(1.1
)
 
(1.0
)
Total other comprehensive income (loss)
$
81.1

 
$
51.4

 
$
(41.5
)
 
$
(21.0
)
 
$
(119.7
)
 
$
(73.5
)
_______________________________________________________________________

(1) Realized (gains)/losses on available for sale securities are recognized in Other income, net.
(2) Reclassification to net earnings of derivatives qualifying as effective foreign currency cash flow hedges are recognized in Costs and expenses.
(3) Reclassification to net earnings of derivatives qualifying as effective interest rate cash flow hedges are recognized in Interest expense.
Schedule of ranges of assumptions and weighted-average assumptions used for grants made under the option plans and range of fair values and weighted-average fair value of options granted:
The following table provides the ranges of assumptions and weighted-average assumptions used for grants made under the option plans during 2012 and 2011, as well as the range of fair values and weighted-average fair value of options granted. There were no option grants made during 2013.
 
Year Ended December 31,
 
 
2012
 
2011
Weighted average risk free interest rate
 
0.89%
 
1.25%
Range of risk free interest rates
 
0.8% - 1.15%
 
1.25%
Weighted average expected life of option (years)
 
6.0
 
6.0
Range of expected life of option (years)
 
6.0
 
6.0
Weighted average expected stock volatility
 
26.63%
 
30.75%
Range of expected stock volatilities
 
25.11% - 30.75%
 
30.75%
Weighted average expected dividend yield
 
1.95%
 
2.21%
Range of expected dividend yields
 
1.87% - 1.99%
 
2.21%
Weighted average stock option fair value
 
$11.11
 
$11.38
Range of stock option fair values
 
$10.73 - $12.97
 
$11.38
Schedule of stock option activity
Summary stock option activity is presented in the table below (shares in millions):
 
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life
(in years)
 
Aggregate
Intrinsic
Value
(in millions)
Outstanding at December 31, 2010
5.1

 
$
41.39

 
 
 
 

Granted
0.8

 
47.51

 
 
 
 

Exercised
(1.5
)
 
41.15

 
 
 
$
13.2

Cancelled
(0.6
)
 
56.84

 
 
 
 

Outstanding at December 31, 2011
3.8

 
40.42

 
 
 
 

Granted
0.1

 
53.77

 
 
 
 

Exercised
(1.8
)
 
35.58

 
 
 
32.9

Cancelled
(0.4
)
 
44.68

 
 
 
 

Outstanding at December 31, 2012
1.7

 
45.08

 
 
 
 

Granted
—

 
—

 
 
 
 

Exercised
(0.7
)
 
43.56

 
 
 
20.7

Cancelled
—

 
—

 
 
 
 

Outstanding at December 31, 2013
1.0

 
46.03

 
7.0
 
 

Exercisable at December 31, 2013
0.7

 
45.32

 
6.8
 
 
Schedule of restricted stock activity
Summary restricted stock activity is presented in the table below (shares in millions):
 
Shares
 
Weighted
Average
Grant Date
Fair Value
Non-vested at December 31, 2010
0.6

 
$
53.17

Granted
0.6

 
47.94

Non-vested at December 31, 2011
1.2

 
50.62

Granted
0.1

 
44.39

Vested
(0.2
)
 
52.89

Forfeited
(0.1
)
 
47.09

Non-vested at December 31, 2012
1.0

 
48.52

Granted
0.4

 
67.65

Vested
(0.7
)
 
42.34

Forfeited
(0.1
)
 
71.16

Non-vested at December 31, 2013
0.6

 
$
62.19