Redeemable Noncontrolling Interests (Tables)

12 Months Ended

Dec. 31, 2020

The following is a summary of the activity related to our Redeemable noncontrolling interests (in millions):


	For the Year Ended December 31,
	2020		2019		2018
Balance at beginning of period	$	239.6	$	261.7	$	220.9

Net income attributable to noncontrolling interests	7.4		12.6		13.9
Distributions declared	(8.5)		(9.2)		(8.6)
Contribution to joint ventures	3.1		1.0		9.6
Reclassification to noncontrolling interests	—		(11.2)		—
Purchase of redeemable noncontrolling interests	(162.3)		(162.9)		(65.1)
Exchange transaction	(46.3)		—		—
Change in fair value	(1.4)		147.6		91.0
Balance at end of period	$	31.6	$	239.6	$	261.7

Reconciliation of Net Income Attributable to Noncontrolling Interests

The following table reconciles the net income attributable to nonredeemable Noncontrolling interests, as recorded in the shareholders’ equity section of the consolidated balance sheets, and the net income attributable to Redeemable noncontrolling interests, as recorded in the mezzanine section of the consolidated balance sheets, to the Net income attributable to noncontrolling interests presented in the consolidated statements of comprehensive income (in millions):


	For the Year Ended December 31,
	2020		2019		2018
Net income attributable to nonredeemable noncontrolling interests	$	77.2	$	74.5	$	69.2
Net income attributable to redeemable noncontrolling interests	7.4		12.6		13.9
Net income attributable to noncontrolling interests	$	84.6	$	87.1	$	83.1