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Noncontrolling Interests
9 Months Ended
Sep. 30, 2018
Noncontrolling Interests  
Noncontrolling Interests

15.  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 (dollars in millions):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

    

2018

    

2017

    

2018

    

2017

Balance at beginning of period

 

$

8.7

 

$

7.4

 

$

8.1

 

$

6.7

Net income

 

 

0.8

 

 

0.6

 

 

1.5

 

 

1.3

Foreign currency translation adjustments

 

 

(0.3)

 

 

0.1

 

 

(0.6)

 

 

0.6

Cash payments to noncontrolling interests

 

 

(0.9)

 

 

 —

 

 

(0.9)

 

 

(0.5)

Impact of ASC 606 adoption

 

 

 —

 

 

 —

 

 

0.2

 

 

 —

Balance at end of period

 

$

8.3

 

$

8.1

 

$

8.3

 

$

8.1