Redeemable Noncontrolling Interests (Tables)

9 Months Ended

Sep. 30, 2020

Redeemable Noncontrolling Interests Activity

The following is a summary of the activity related to our Redeemable noncontrolling interests during the nine months ended September 30, 2020 and 2019 (in millions):


	Nine Months Ended September 30,
	2020		2019
Balance at beginning of period	$	239.6	$	261.7
Net income attributable to noncontrolling interests	5.7		10.1
Distributions declared	(5.8)		(7.6)
Contribution to joint venture	3.1		1.0
Reclassification to noncontrolling interests	—		(11.2)
Purchase of redeemable noncontrolling interests	(162.3)		(162.9)
Exchange transaction	(46.3)		—
Change in fair value	—		118.9

Balance at end of period	$	34.0	$	210.0

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 and comprehensive income attributable to noncontrolling interests presented in the condensed consolidated statements of comprehensive income for the three and nine months ended September 30, 2020 and 2019 (in millions):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Net income attributable to nonredeemable noncontrolling interests	$	20.2	$	18.2	$	53.2	$	54.4
Net income attributable to redeemable noncontrolling interests	2.2		3.7		5.7		10.1
Net income attributable to noncontrolling interests	$	22.4	$	21.9	$	58.9	$	64.5