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Redeemable Noncontrolling Interests

12 Months Ended

Dec. 31, 2023

Noncontrolling Interest [Abstract]

Redeemable Noncontrolling Interests

Redeemable Noncontrolling Interests:

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

			For the Year Ended December 31,
			2023						2022						2021
Balance at beginning of period			$	35.6					$	42.2					$	31.6
Net income attributable to noncontrolling interests			8.3						7.2						9.0
Distributions declared			(1.1)						(5.3)						(8.0)
Change in fair value			(0.8)						(3.4)						4.5
Other			—						0.1						5.1
Spin off of Enhabit, Inc.			—						(5.2)						—
Balance at end of period			$	42.0					$	35.6					$	42.2

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,
			2023						2022						2021
Net income attributable to nonredeemable noncontrolling interests			$	102.7					$	87.7					$	96.0
Net income attributable to redeemable noncontrolling interests			8.3						7.2						9.0
Net income attributable to noncontrolling interests			$	111.0					$	94.9					$	105.0

X

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 810
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//810/tableOfContent

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X

- References

No definition available.

+ Details

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