Noncontrolling Interests

6 Months Ended

Jun. 29, 2018

Noncontrolling Interest [Abstract]

Noncontrolling Interests

Noncontrolling Interests

The following table reconciles shareholders’ equity attributable to noncontrolling interests (U.S. dollars in millions):

	Six months ended
	June 29, 2018			June 30, 2017
Noncontrolling interests, beginning	$	23.8		$	24.6
Net income (loss) attributable to noncontrolling interests	2.2			(0.2		)
Distributions (to) from noncontrolling interests	(0.4		)	0.4
Capital contributions from noncontrolling interests	0.8			—
Noncontrolling interests, ending	$	26.4		$	24.8

Redeemable Noncontrolling Interests

The following table reconciles redeemable noncontrolling interests (U.S. dollars in millions):

	Six months ended
	June 29, 2018
Redeemable noncontrolling interests, beginning	$	—
Initial measurement of redeemable noncontrolling interest due to Mann Packing acquisition	39.1
Net income attributable to redeemable noncontrolling interests	1.7
Redeemable noncontrolling interests, ending	$	40.8

The Mann Packing acquisition includes a put option exercisable by the 25% shareholder of one of the acquired subsidiaries, a redeemable noncontrolling interest. At each reporting period, the redeemable noncontrolling interest is recognized at the higher of 1) the accumulated earnings or 2) the contractually-defined redemption value as of the balance sheet date. Refer to Note 5, "Acquisitions" for further discussion on the acquisition of Mann Packing.