Redeemable Noncontrolling Interests (Tables)

6 Months Ended

Jun. 30, 2021

Redeemable Noncontrolling Interests Activity

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


	Six Months Ended June 30,
	2021		2020
Balance at beginning of period	$	31.6	$	239.6
Net income attributable to noncontrolling interests	5.1		3.5
Distributions declared	(4.4)		(4.2)
Contribution to joint venture	—		3.1

Purchase of redeemable noncontrolling interests	0.6		(162.3)
Exchange transaction	—		(46.3)


Balance at end of period	$	32.9	$	33.4

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 and comprehensive income attributable to noncontrolling interests presented in the condensed consolidated statements of comprehensive income (in millions):


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Net income attributable to nonredeemable noncontrolling interests	$	26.0	$	13.3	$	49.1	$	33.0
Net income attributable to redeemable noncontrolling interests	2.7		1.5		5.1		3.5
Net income attributable to noncontrolling interests	$	28.7	$	14.8	$	54.2	$	36.5