OTHER LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2021

Other Liabilities Disclosure [Abstract]

Schedule of Other Liabilities

The table below details the components of other liabilities:

	As of
$ in millions	December 31, 2021	December 31, 2020
Compensation and benefits	121.2	148.2
Accrued bonus and deferred compensation	941.1	825.5
Accrued compensation and benefits	1,062.3	973.7
Accruals and other liabilities (1)	382.4	384.2
OppenheimerFunds acquisition-related matter (See Note 20)	—	387.8
Forward contract collateral (See Note 10)	—	104.1
Forward contract payable (See Note 10)	—	309.0
Lease liability (See Note 15)	289.8	319.2
Accounts payable	312.5	348.9
Income taxes payable	80.6	67.2
Accounts payable and accrued expenses	1,065.3	1,920.4

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(1)    Included in the Accruals and Other liabilities is deferred carried interest. The opening and closing balance of deferred carried interest liabilities for the year ended December 31, 2021 was $58.0 million and $5.5 million, respectively. The decrease in deferred carried interest primarily represents recognition of gains from certain private equity funds that are in liquidation. Separately, during the year ended December 31, 2021, $0.9 million performance fee revenue was recognized that had been included in the deferred carried interest liability balance at the beginning of the period.