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Investments in Real Estate Ventures (Tables)
 12 Months Ended
Dec. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]  
Balance Sheet Amounts Consolidated for Variable Interest Entity [Table Text Block] Summarized financial information for our consolidated VIEs is presented in the following tables.
December 31,
(in millions)20202019
Property and equipment, net$117.4 126.3 
Investments in real estate ventures9.0 13.2 
Other assets21.0 14.3 
Total assets$147.4 153.8 
Other current liabilities$1.9 3.2 
Mortgage indebtedness (included in Other liabilities)60.3 69.7 
Total liabilities62.2 72.9 
Members' equity (included in Noncontrolling interest)85.2 80.9 
Total liabilities and members' equity$147.4 153.8 
Comprehensive Income Amounts Consolidated for Variable Interest Entity [Table Text Block]
Year Ended December 31,
(in millions)202020192018
Revenue$13.9 7.6 5.8 
Operating and other expenses(15.6)(8.6)(5.1)
Net gains on sale of investments(1)
22.1 — 2.0 
Net income (loss)$20.4 (1.0)2.7 
(1) $12.3 million of the 2020 year-to-date gain is included in Equity earnings; the remaining $9.8 million is included in Other income. The 2018 year-to-date gain is included in Other income.
Summary of Combined Financial Information for Unconsolidated Ventures The following tables summarize the combined financial information for our unconsolidated real estate ventures accounted for under equity method or at fair value.
December 31,
(in millions)20202019
Balance Sheets:
Investments in real estate, net of depreciation$24,320.4 22,006.6 
Total assets28,129.3 24,784.8 
Mortgage indebtedness7,980.2 7,345.1 
Other borrowings1,332.9 1,118.2 
Total liabilities10,720.5 9,853.9 
Total equity17,408.8 14,930.9 
Year Ended December 31,
(in millions)202020192018
Statements of Operations:
Revenue$1,702.3 1,247.6 1,199.5 
Net income241.5 831.2 1,046.3 
Investments in real estate ventures The table below shows the movement in our investments in real estate ventures reported at fair value.
Year Ended December 31,
(in millions)202020192018
Fair value investments as of January 1,$328.6 247.3 242.3 
Investments51.7 144.9 55.2 
Distributions(46.8)(101.7)(63.8)
Change in fair value(1.0)35.3 13.9 
Foreign currency translation adjustments, net7.8 2.8 (0.3)
Fair value investments as of December 31,$340.3 328.6 247.3