We show that, in an Artin-Tits group of spherical type, the intersection of two parabolic subgroups is a parabolic subgroup. Moreover, we show that the set of parabolic subgroups forms a lattice with respect to inclusion. This extends to all Artin-Tits groups of spherical type a result that was previously known for braid groups. To obtain the above results, we show that every element in an Artin-Tits group of spherical type admits a unique minimal parabolic subgroup containing it. Also, the subgroup associated to an element coincides with the subgroup associated to any of its powers or roots. As a consequence, if an element belongs to a parabolic subgroup, all its roots belong to the same parabolic subgroup.