Equity method investments

9 Months Ended

Sep. 30, 2013

3. Equity method investments

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

	Three months ended September 30,					Nine months ended September 30,

(in millions)	2013			2012		2013			2012
Project revenue
Chambers	$	13.4		$	12.2	$	40.0		$	40.1
Other		37.2			39.4		117.7			118.4

		50.6			51.6		157.7			158.5
Project expenses
Chambers		10.1			9.6		30.8			28.1
Other		29.3			38.5		97.5			110.8

		39.4			48.1		128.3			138.9
Project other income (expense)
Chambers		(0.7	)		0.2		(1.8	)		(1.4	)
Other		28.6			0.3		27.4			(5.8	)

		27.9			0.5		25.6			(7.2	)
Project income
Chambers		2.6			2.8		7.4			10.6
Other		36.5			1.2		47.6			1.8

		39.1			4.0		55.0			12.4

- 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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