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Equity Method Investments in Affiliates (Tables)
 12 Months Ended
Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Aggregate Purchase Price Allocation for Investments
The purchase price allocation for the 2016 investments was as follows:
 
 
Total
Definite-lived acquired client relationships(1)
 
$
560.8

Indefinite-lived acquired client relationships
 
36.9

Tangible assets
 
2.0

Deferred tax liability
 
(91.8
)
Goodwill
 
854.4

Consideration paid
 
$
1,362.3

__________________________
(1)  
The expected period of economic benefit utilized in the purchase price allocation for these definite-lived acquired client relationships was 15 years.
Schedule of Changes in Equity Method Investments in Affiliates
The following table presents the change in Equity method investments in Affiliates:
 
2016
 
2017
Balance, January 1,
$
1,937.1

 
3,368.3

Equity method earnings
388.0

 
501.4

Equity method intangible amortization and impairments
(59.2
)
 
(199.2
)
Distributions of earnings from equity method investments
(346.4
)
 
(429.8
)
Investments
1,361.3

 
29.8

Foreign currency translation
8.0

 
62.3

Other(1)
79.5

 
(28.1
)
Balance, December 31,
$
3,368.3

 
$
3,304.7

__________________________
(1) 
Primarily reflects deferred income taxes recorded on new investments.
The following table presents summarized financial information for Affiliates accounted for under the equity method:
 
 
For the Years Ended December 31,
 
 
2015(2)
 
2016(2)
 
2017
Revenue(1)
 
$
2,217.1

 
$
2,200.9

 
$
3,126.3

Net income(1)
 
431.5

 
1,068.9

 
2,182.7

 
 
December 31,
 
 
2016
 
2017
Assets
 
$
1,915.3

 
$
3,324.9

Liabilities and Non-controlling interests
 
862.4

 
1,405.5

__________________________

(1) 
Revenue and the associated Net income include asset and performance based fees and the impact of consolidated investment products.

(2) 
Revenue and Net income reflect investments in new Affiliates for the full-year, regardless of the date of the Company’s investment.
Schedule of Financial Information for Affiliates Accounted for Under the Equity Method
The following table presents the change in Equity method investments in Affiliates:
 
2016
 
2017
Balance, January 1,
$
1,937.1

 
3,368.3

Equity method earnings
388.0

 
501.4

Equity method intangible amortization and impairments
(59.2
)
 
(199.2
)
Distributions of earnings from equity method investments
(346.4
)
 
(429.8
)
Investments
1,361.3

 
29.8

Foreign currency translation
8.0

 
62.3

Other(1)
79.5

 
(28.1
)
Balance, December 31,
$
3,368.3

 
$
3,304.7

__________________________
(1) 
Primarily reflects deferred income taxes recorded on new investments.
The following table presents summarized financial information for Affiliates accounted for under the equity method:
 
 
For the Years Ended December 31,
 
 
2015(2)
 
2016(2)
 
2017
Revenue(1)
 
$
2,217.1

 
$
2,200.9

 
$
3,126.3

Net income(1)
 
431.5

 
1,068.9

 
2,182.7

 
 
December 31,
 
 
2016
 
2017
Assets
 
$
1,915.3

 
$
3,324.9

Liabilities and Non-controlling interests
 
862.4

 
1,405.5

__________________________

(1) 
Revenue and the associated Net income include asset and performance based fees and the impact of consolidated investment products.

(2) 
Revenue and Net income reflect investments in new Affiliates for the full-year, regardless of the date of the Company’s investment.