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Investments in Affiliated Companies | 9 Months Ended
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Sep. 30, 2020
Investments in Affiliated Companies [Abstract] |
Equity Method Investments and Joint Ventures Disclosure | Investments in Affiliated Companies Investments in affiliated companies represent our investment in non-consolidated domestic and foreign entities. These entities are in businesses similar to ours, such as credit reporting, credit-scoring and credit-monitoring services. We use the equity method to account for investments in affiliates where we are able to exercise significant influence. For these investments, we adjust the carrying value for our proportionate share of the affiliates’ earnings, losses and distributions, as well as for purchases and sales of our ownership interest. We account for nonmarketable investments in equity securities in which we are not able to exercise significant influence, our “Cost Method Investments”, at our initial cost, minus any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. For these investments, we adjust the carrying value for any purchases or sales of our ownership interests. We record any dividends received from these investments as other income in non-operating income and expense. For nine months ended September 30, 2020, we recorded a $4.8 million impairment loss of a Cost Method investment, partially offset by a $2.5 million gain on a Cost Method investment resulting from an observable price change for a similar investment of the same issuer. For the nine months ended September 30, 2019, we recorded a $31.2 million gain on a Cost Method investment resulting from an observable price change for a similar investment of the same issuer, partially offset by a $8.6 million impairment loss of other Cost Method investments. These gains and losses are included in other income and expense in the consolidated statements of income. Investments in affiliated companies consisted of the following:
(in millions) |  | September 30, 2020 |  | December 31, 2019
Equity Method investments |  | $ | 40.3 |  |  | $ | 49.0 |
Cost Method investments |  | 89.7 |  |  | 84.7 |
Total investments in affiliated companies (Note 4) |  | $ | 130.0 |  |  | $ | 133.7 |
These balances are included in other assets in the consolidated balance sheets. The increase in Cost Method investments is due to two new Cost Method investments we made during 2020, partially offset by the net loss on Cost Method investments discussed above, recorded in our U.S. Markets segment. Earnings from equity method investments, which are included in other non-operating income and expense, and dividends received from equity method investments consisted of the following:
|  |  |  |  |  | Three Months Ended September 30, |  |  |  | Nine Months Ended September 30, |  |
(in millions) |  |  |  |  |  | 2020 |  | 2019 |  | 2020 |  | 2019
Earnings from equity method investments (Note 13) |  |  |  |  |  | $ | 2.1 |  |  | $ | 3.1 |  |  | $ | 6.7 |  |  | $ | 10.2 |
Dividends received from equity method investments |  |  |  |  |  | $ | 1.3 |  |  | $ | 0.5 |  |  | $ | 7.6 |  |  | $ | 9.0 |

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- Definition Investments in Affiliated Companies [Abstract] + References No definition available. + Details
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- 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. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SX 210.3A-04) -URI http://asc.fasb.org/extlink&oid=116822174&loc=d3e355119-122828 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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