Redeemable Non-Controlling Interests

6 Months Ended

Jun. 30, 2016

Affiliate equity interests provide holders with a ratable portion of ownership in one of the Company’s Affiliates. Affiliate equity holders generally have a conditional right to put their interests to the Company at certain intervals (between five and fifteen years from the date the equity interest is received or on an annual basis following an Affiliate equity holder’s departure). The current redemption value of the Company’s Affiliate equity interests is presented as Redeemable non-controlling interests on the Consolidated Balance Sheets. Changes in the current redemption value are recorded to Additional paid-in capital. The following table presents the changes in Redeemable non-controlling interests:



	Redeemable Non-controlling Interests
Balance, as of December 31, 2015	$	612.5
Increase attributable to consolidated products	81.4
Repurchases of redeemable Affiliate equity	(37.9		)
Transfers from Non-controlling interests	20.3
Changes in redemption value	68.7
Balance, as of June 30, 2016	$	745.0