Equity method investments

6 Months Ended

Jun. 30, 2013

3. Equity method investments

The following summarizes the operating results for the three and six months ended June 30, 2013 and 2012, respectively, for earnings in our equity method investments:

	Three months ended June 30,						Six months ended June 30,

(in millions)	2013			2012			2013			2012
Project revenue
Chambers	$	13.4		$	14.7		$	26.6		$	28.0
Other		41.2			38.8			80.6			78.9

		54.6			53.5			107.2			106.9
Project expenses
Chambers		11.1			8.7			20.7			18.5
Other		34.5			36.6			68.1			72.3

		45.6			45.3			88.8			90.8
Project other expenses
Chambers		(0.6	)		(0.4	)		(1.2	)		(1.6	)
Other		0.3			(2.3	)		(1.3	)		(6.1	)

		(0.3	)		(2.7	)		(2.5	)		(7.7	)
Project income
Chambers		1.7			5.6			4.7			7.9
Other		7.0			(0.1	)		11.2			0.5

		8.7			5.5			15.9			8.4

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

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