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Equity Method Investments in Affiliates
 3 Months Ended
Mar. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Equity Investments in Affiliates
Equity Method Investments in Affiliates
The following table presents the change in Equity method investments in Affiliates:
 
Total
Balance, as of December 31, 2016
$
3,368.3

Equity method earnings
107.6

Equity method intangible amortization
(21.7
)
Distributions from equity method investments
(189.9
)
Investments
29.9

Foreign currency translation
2.6

Other
2.0

Balance, as of March 31, 2017
$
3,298.8


The intangible assets associated with the Company’s equity method investments in Affiliates consist of definite-lived and indefinite-lived acquired client relationships and goodwill. As of March 31, 2017, the definite-lived relationships were being amortized over a weighted average life of approximately 13 years. The Company recorded amortization expense in Income from equity method investments for these relationships of $14.2 million and $21.7 million for the three months ended March 31, 2016 and 2017, respectively. Based on relationships existing as of March 31, 2017, the Company estimates the annual amortization expense attributable to its current equity-method Affiliates to be approximately $80 million for each of the next five years.
The financial results of certain equity method Affiliates are recognized in the Consolidated Financial Statements one quarter in arrears.
For the three months ended March 31, 2016 and 2017, one of the Company’s equity method Affiliates recognized revenue of $206.1 million and $265.6 million, respectively, and net income of $111.6 million and $148.6 million, respectively.