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Investments in Affiliates (Tables)

12 Months Ended

Dec. 31, 2020

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

Investments in and Advances to Affiliates

Investments in affiliates as of December 31, 2020 and 2019 were as follows (in millions):

			2020						2019
Finance joint ventures			$	395.3					$	339.0
Manufacturing joint ventures			31.8						26.8
Other affiliates			15.6						14.4
			$	442.7					$	380.2

Schedule of Equity Method Investments

The Company’s equity in net earnings of affiliates for the years ended December 31, 2020, 2019 and 2018 were as follows (in millions):

			2020						2019						2018
Finance joint ventures			$	45.0					$	41.5					$	34.7
Manufacturing and other joint ventures			0.5						1.0						(0.4)
			$	45.5					$	42.5					$	34.3

Summarized combined financial information of the Company’s finance joint ventures as of December 31, 2020 and 2019 and for the years ended December 31, 2020, 2019 and 2018 were as follows (in millions):

			As of December 31,
			2020						2019
Total assets			$	8,033.4					$	7,773.7
Total liabilities			7,226.7						7,081.9
Partners’ equity			806.7						691.8

			For the Years Ended December 31,
			2020						2019						2018
Revenues			$	402.2					$	417.6					$	390.8
Costs			274.0						299.9						286.7
Income before income taxes			$	128.2					$	117.7					$	104.1

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- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

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- References

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X

- Definition

Tabular disclosure of investments in and advances to affiliates. Does not include the tabular disclosure of the disaggregation of investments in and advances to affiliates across legal entities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14)
-URI http://asc.fasb.org/extlink&oid=120401592&loc=d3e611322-123010

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