Unconsolidated Affiliates

6 Months Ended

Jun. 30, 2023

Investments, Debt and Equity Securities [Abstract]

Unconsolidated Affiliates

Note 4—Unconsolidated Affiliates

Investments in unconsolidated affiliates are as follows (in millions):

		June 30, 2023				December 31, 2022
	Ownership Percentage	Carrying Value		Excess carrying value of investment over proportionate share of net assets		Carrying Value		Excess carrying value of investment over proportionate share of net assets
Orbit Private Investments L.P.	9.8%	$	127.7	$	—	$	115.3	$	—
International Financial Data Services L.P.	50.0%		72.2		33.9		85.1		34.8
Pershing Road Development Company, LLC	50.0%		9.7		56.6		10.6		57.9
Broadway Square Partners, LLP	50.0%		53.8		29.9		53.8		30.3
Other unconsolidated affiliates			2.0		—		2.1		—
Total		$	265.4	$	120.4	$	266.9	$	123.0

Investments in unconsolidated affiliates are accounted for under the equity method of accounting. We record our proportionate share of the results of the unconsolidated affiliates and amortization expense related to basis differences in Equity in earnings of unconsolidated affiliates, net on the Condensed Consolidated Statements of Comprehensive Income (Loss).

Equity in earnings of unconsolidated affiliates, net are as follows (in millions):

	Three Months Ended June 30,						Six Months Ended June 30,
	2023			2022			2023			2022
Orbit Private Investments L.P.	$	7.6		$	—		$	12.4		$	—
International Financial Data Services L.P.		1.4			0.6			2.5			1.1
Pershing Road Development Company, LLC		(0.7	)		(0.2	)		(0.9	)		0.1
Broadway Square Partners, LLP		(0.1	)		0.7			—			1.2
Other unconsolidated affiliates		1.2			—			1.1			—
Total	$	9.4		$	1.1		$	15.1		$	2.4