XML 36 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
Investments in Affiliates (Tables)
12 Months Ended
Dec. 31, 2013
Investments in Affiliates [Abstract]  
Investments in and Advances to Affiliates
Investments in affiliates as of December 31, 2013 and 2012 were as follows (in millions):
 
2013
 
2012
Retail finance joint ventures
$
390.2

 
$
354.4

Manufacturing joint ventures
16.1

 
20.7

Other affiliates
9.8

 
15.2

 
$
416.1

 
$
390.3

Equity in Earnings of Affiliates
The Company’s equity in net earnings of affiliates for the years ended December 31, 2013, 2012 and 2011 were as follows (in millions):
 
2013
 
2012
 
2011
Retail finance joint ventures
$
48.8

 
$
48.6

 
$
43.6

Manufacturing and other joint ventures
(0.6
)
 
4.9

 
5.3

 
$
48.2

 
$
53.5

 
$
48.9

Schedule of Equity Method Investments
Summarized combined financial information of the Company’s retail finance joint ventures as of December 31, 2013 and 2012 and for the years ended December 31, 2013, 2012 and 2011 were as follows (in millions):
 
December 31,
 
2013
 
2012
Total assets
$
9,442.7

 
$
8,474.8

Total liabilities
8,646.3

 
7,751.6

Partners’ equity
796.4

 
723.2


 
For the Years Ended December 31,
 
2013
 
2012
 
2011
Revenues
$
389.2

 
$
377.8

 
$
364.2

Costs
239.4

 
226.5

 
220.5

Income before income taxes
$
149.8

 
$
151.3

 
$
143.7