v3.25.2
Redeemable Noncontrolling Interests
 6 Months Ended
Jun. 30, 2025
Noncontrolling Interest [Abstract]  
Redeemable Noncontrolling Interests Redeemable Noncontrolling Interests
The following is a summary of the activity related to our Redeemable noncontrolling interests (in millions):
Six Months Ended June 30,
20252024
Balance at beginning of period$56.5 $42.0 
Net income attributable to noncontrolling interests4.4 3.0 
Distributions declared(5.8)(4.9)
Contribution to joint venture— 8.5 
Balance at end of period$55.1 $48.6 
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 (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Net income attributable to nonredeemable noncontrolling interests$40.8 $30.9 $83.4 $55.7 
Net income attributable to redeemable noncontrolling interests2.0 1.5 4.4 3.0 
Net income attributable to noncontrolling interests$42.8 $32.4 $87.8 $58.7 
See also Note 7, Fair Value Measurements.