Redeemable Noncontrolling Interests

9 Months Ended

Sep. 30, 2022

The following is a summary of the activity related to our Redeemable noncontrolling interests (in millions):


	Nine Months Ended September 30,
	2022		2021
Balance at beginning of period	$	42.2	$	31.6
Net income attributable to noncontrolling interests	5.0		7.3
Distributions declared	(4.3)		(7.0)


Purchase of redeemable noncontrolling interests	—		0.6
Spin off of Enhabit, Inc.	(5.1)		—


Balance at end of period	$	37.8	$	32.5

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 and comprehensive income attributable to noncontrolling interests presented in the condensed consolidated statements of comprehensive income (in millions):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net income attributable to nonredeemable noncontrolling interests	$	20.0	$	24.5	$	61.8	$	73.6
Net income attributable to redeemable noncontrolling interests	1.6		2.2		5.0		7.3
Net income attributable to noncontrolling interests	$	21.6	$	26.7	$	66.8	$	80.9

See also Note 7, Fair Value Measurements.