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Noncontrolling Interest
12 Months Ended
Dec. 31, 2017
SOUTHERN POWER CO  
Noncontrolling Interest [Line Items]  
NONCONTROLLING INTEREST
NONCONTROLLING INTERESTS
In April 2017, approximately $114 million was reclassified from redeemable noncontrolling interests to non-redeemable noncontrolling interests due to the expiration of an option allowing SunPower Corporation to require the Company to purchase its redeemable noncontrolling interest at fair market value. In addition, Turner Renewable Energy, LLC owned a 10% redeemable noncontrolling interest in certain of the Company's solar facilities. These noncontrolling interests were redeemed in October 2017 at fair market value pursuant to the partnership agreement. As of December 31, 2017, there were no outstanding redeemable noncontrolling interests.
The following table presents the changes in redeemable noncontrolling interests for the years ended December 31:
 
2017
 
2016
 
2015
 
 
 
(in millions)
 
 
Beginning balance
$
164

 
$
43

 
$
39

Net income attributable to redeemable noncontrolling interests
2

 
4

 
2

Distributions to redeemable noncontrolling interests
(2
)
 
(1
)
 

Capital contributions from redeemable noncontrolling interests
2

 
118

 
2

Redemption of redeemable noncontrolling interests
(59
)
 

 

Reclassification to non-redeemable noncontrolling interests
(114
)
 

 

Change in fair value of redeemable noncontrolling interests
7

 

 

Ending balance
$

 
$
164

 
$
43


The following table presents the attribution of net income to the Company and the noncontrolling interests for the years ended December 31:
 
2017
 
2016
 
2015
 
(in millions)
Net income
$
1,117

 
$
374

 
$
229

Less: Net income attributable to noncontrolling interests
44

 
32

 
12

Less: Net income attributable to redeemable noncontrolling interests
2

 
4

 
2

Net income attributable to the Company
$
1,071

 
$
338

 
$
215