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Accounting Policies Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2018
Accounting Policies [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
In accordance with the ASU 2014-09 requirements, the disclosure of the impact of adoption on the Condensed Consolidated Statements of Income was as follows (in millions):
$ in millions
Three months ended March 31, 2018
Condensed Consolidated Statements of Income
As Reported
 
Adjustments Related to Adoption of
ASC 606
 
Balances Without Adoption of
ASC 606
Operating revenues:
 
 
 
 
 
Investment management fees
1,043.7

 
53.8

 
1,097.5

Service and distribution fees
246.1

 
(32.4
)
 
213.7

Performance fees
9.1

 
—

 
9.1

Other
56.9

 
(41.0
)
 
15.9

Total operating revenues
1,355.8

 
(19.6
)
 
1,336.2

 
 
 
 
 
 
Operating expenses:
 
 
 
 
 
Third-party distribution, service and advisory
419.1

 
(23.8
)
 
395.3

Employee compensation
390.4

 
—

 
390.4

Marketing
28.1

 
—

 
28.1

Property, office and technology
102.2

 
—

 
102.2

General and administrative
94.9

 
4.2

 
99.1

Total operating expenses
1,034.7

 
(19.6
)
 
1,015.1

Operating income
321.1

 
—

 
321.1