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Noncontrolling Interests
9 Months Ended
Sep. 30, 2016
Noncontrolling Interests  
Noncontrolling Interests

12.Noncontrolling Interests

 

Noncontrolling interests represent the minority shareholders’ proportionate share of the Company’s majority owned subsidiaries. The following table sets forth the changes in noncontrolling interests (in millions):

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

 

2016

 

2015

 

2016

 

2015

 

Balance at beginning of period

 

$

7.1

 

$

6.6

 

$

6.8

 

$

5.8

 

Net income

 

0.5

 

1.1

 

0.8

 

2.7

 

Foreign currency translation adjustments

 

0.1

 

 

0.1

 

(0.3

)

Cash payments to noncontrolling interests

 

(0.7

)

 

(0.7

)

(0.5

)

 

 

 

 

 

 

 

 

 

 

Balance at end of period

 

$

7.0

 

$

7.7

 

$

7.0

 

$

7.7