Consolidation of a Real Estate Development Company (Tables)

6 Months Ended

Jun. 30, 2014

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Assets and Liabilities Recognized in the Partnership's Consolidated Balance Sheets Related to Urbplan

The assets and liabilities recognized in the Partnership’s condensed consolidated balance sheets as of June 30, 2014 and December 31, 2013 related to Urbplan were as follows:

	As of
	June 30, 2014		December 31, 2013
	(Dollars in millions)
Receivables and inventory of a consolidated real estate VIE:
Customer and other receivables	$	113.5	$	110.3
Inventory costs in excess of billings and advances		69.7		70.1
	$	183.2	$	180.4
Other assets of a consolidated real estate VIE:
Restricted investments	$	11.5	$	7.0
Fixed assets, net		2.3		2.2
Deferred tax assets		15.2		12.8
Other assets		42.2		38.1
	$	71.2	$	60.1
Loans payable of a consolidated real estate VIE, at fair value (principal amount of $295.4 and $305.3 as of June 30, 2014 and December 31, 2013, respectively)	$	147.7	$	122.1
Other liabilities of a consolidated real estate VIE:
Accounts payable	$	25.5	$	25.4
Other liabilities		66.1		72.3
	$	91.6	$	97.7

Revenues, Expenses and Net Losses Recognized in the Partnership's Condensed Consolidated Statements of Operations Related to Urbplan

The revenues and expenses recognized in the Partnership’s condensed consolidated statements of operations for the three and six months ended June 30, 2014 related to Urbplan were as follows:

	Three Months Ended		Six Months Ended
	June 30, 2014		June 30, 2014
	(Dollars in millions)
Revenue of a consolidated real estate VIE
Land development services	$	5.2	$	9.8
Investment income		2.8		4.2
	$	8.0	$	14.0
Interest and other expenses of a consolidated real estate VIE:
Costs of products sold and services rendered	$	2.8	$	16.5
Interest expense		10.5		21.7
Change in fair value of loans payable		16.1		26.3
Compensation and benefits		3.1		5.5
G&A and other expenses		9.5		21.2
	$	42.0	$	91.2

Outstanding Principal Amounts on Loans

Outstanding principal amounts on the loans based on current contractual terms are payable as follows (Dollars in millions):

2014	$	29.4
2015		34.8
2016		32.5
2017		26.8
2018		23.1
Thereafter		148.8
	$	295.4