Redeemable Noncontrolling Interests (Tables)

3 Months Ended

Mar. 31, 2018

The following is a summary of the activity related to our Redeemable noncontrolling interests during the three months ended March 31, 2018 and 2017 (in millions):



	Three Months Ended March 31,
	2018			2017
Balance at beginning of period	$	220.9		$	138.3
Net income attributable to noncontrolling interests	2.8			3.1
Distributions declared	(2.2		)	(1.9		)
Purchase of redeemable noncontrolling interests	(65.1		)	—
Change in fair value	42.2			13.9
Balance at end of period	$	198.6		$	153.4

Reconciliation of Noncontrolling Interests

The following table reconciles the net income attributable to nonredeemable Noncontrolling interests, as recorded in the shareholders’ equity section of the condensed consolidated balance sheets, and the net income attributable to Redeemable noncontrolling interests, as recorded in the mezzanine section of the condensed consolidated balance sheets, to the Net income attributable to noncontrolling interests presented in the condensed consolidated statements of operations for the three months ended March 31, 2018 and 2017 (in millions):



	Three Months Ended March 31,
	2018		2017
Net income attributable to nonredeemable noncontrolling interests	$	18.6	$	14.5
Net income attributable to redeemable noncontrolling interests	2.8		3.1
Net income attributable to noncontrolling interests	$	21.4	$	17.6