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OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME
 12 Months Ended
Dec. 31, 2024
Stockholders' Equity Note [Abstract]  
OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME.
The following table presents the impact of the components of other comprehensive income or loss on deferred tax benefits (income taxes).
 
(in millions)202420232022
Net deferred tax benefits (income taxes) on:
Currency translation adjustments$3.7 $(2.0)$4.2 
Reclassification adjustment recognized in the provision for income taxes upon deconsolidation of investment products— 0.1 0.8 
Total net deferred tax benefits$3.7 $(1.9)$5.0 
The changes in each component of accumulated other comprehensive income (loss), including reclassification are presented below.
(in millions)Equity method investmentsConsolidated investment products - variable interest entitiesTotal currency translation adjustments
Balances at December 31, 2021$(36.7)$10.2 $(26.5)
Other comprehensive income (loss) before reclassifications and income taxes(14.6)(13.9)(28.5)
Reclassification adjustments recognized in non-operating income— (3.0)(3.0)
(14.6)(16.9)(31.5)
Net deferred tax benefits (income taxes)0.8 4.2 5.0 
Other comprehensive income (loss)(13.8)(12.7)(26.5)
Balances at December 31, 2022(50.5)(2.5)(53.0)
Other comprehensive income (loss) before reclassifications and income taxes(1.6)9.0 7.4 
Net deferred tax benefits (income taxes)0.2 (2.1)(1.9)
Other comprehensive income (loss)(1.4)6.9 5.5 
Balances at December 31, 2023(51.9)4.4 (47.5)
Other comprehensive income (loss) before reclassifications and income taxes0.7 (9.0)(8.3)
Reclassification adjustments recognized in non-operating income— 0.4 0.4 
0.7 (8.6)(7.9)
Net deferred tax benefits (income taxes)1.7 2.0 3.7 
Other comprehensive income (loss)2.4 (6.6)(4.2)
Balances at December 31, 2024
$(49.5)$(2.2)$(51.7)
The other comprehensive income (loss) in the table above excludes $(5.0) million in 2024, $12.7 million in 2023, and $(21.0) million in 2022 of other comprehensive income (loss) related to redeemable non-controlling interests held in our consolidated investment products.