Redeemable Noncontrolling Interests (Tables)

9 Months Ended

Sep. 30, 2017

Noncontrolling Interest [Abstract]

Redeemable Noncontrolling Interest

The following is a summary of the activity related to our Redeemable noncontrolling interests during the nine months ended September 30, 2017 and 2016 (in millions):

	Nine Months Ended September 30,
	2017			2016
Balance at beginning of period	$	138.3		$	121.1
Net income attributable to noncontrolling interests	9.9			11.2
Distributions declared	(3.3		)	(6.4		)
Contribution to joint venture	2.3			—
Change in fair value	74.1			(16.5		)
Balance at end of period	$	221.3		$	109.4

Reconciliation of Noncontrolling Interests

The following table reconciles the net income attributable to nonredeemable Noncontrolling interests, as recorded in the shareholders’ equity section of the condensed consolidated balance sheets, and the net income attributable to Redeemable noncontrolling interests, as recorded in the mezzanine section of the condensed consolidated balance sheets, to the Net income attributable to noncontrolling interests presented in the condensed consolidated statements of operations for the three and nine months ended September 30, 2017 and 2016 (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Net income attributable to nonredeemable noncontrolling interests	$	15.0	$	12.7	$	43.3	$	42.5
Net income attributable to redeemable noncontrolling interests	4.2		3.7		9.9		11.2
Net income attributable to noncontrolling interests	$	19.2	$	16.4	$	53.2	$	53.7