Investments in Unconsolidated Subsidiaries |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity Method Investments and Joint Ventures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments in Unconsolidated Subsidiaries | 9. Investments in Unconsolidated Subsidiaries Investments in unconsolidated subsidiaries are accounted for under the equity method of accounting. Our investment ownership percentages in equity method investments vary, generally ranging from 1% to 50%. The following table represents the composition of investments in unconsolidated subsidiaries under the equity method of accounting and fair value option (dollars in millions):
Combined condensed financial information for the entities accounted for using the equity method is as follows (dollars in millions):
________________________________________________________________________________________________________________________________________ (1)Included in Net income are realized and unrealized earnings and losses in investments in unconsolidated investment funds and realized earnings and losses from sales of real estate projects in investments in unconsolidated subsidiaries. These realized and unrealized earnings and losses are not included in Revenue and Operating income. During the three and nine months ended September 30, 2026, we recognized other-than-temporary losses related to equity method investments of $7 million and $20 million, respectively. We also recognized non-cash asset impairment charges on real estate assets of $57 million and $62 million, respectively. During the nine months ended September 30, 2025, we recorded other-than-temporary losses related to equity method investments of $20 million. There were no asset impairment charges or other significant non-recurring fair value measurement adjustments recorded during the three months ended September 30, 2025.
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