Noncontrolling Interests (Tables)

9 Months Ended

Sep. 30, 2013

Noncontrolling Interests

Schedule of noncontrolling interests in net income

Noncontrolling interests in net income consist of the following (in millions):

	Three months ended				Nine months ended
	September 30,				September 30,
	2013		2012		2013		2012
Nonredeemable noncontrolling interests in subsidiaries	$	0.3	$	0.5	$	0.8	$	1.4
Nonredeemable noncontrolling interests in consolidated seeded investment products	2.0		0.6		2.1		1.7
Redeemable noncontrolling interests in subsidiaries	0.7		1.5		2.8		4.9
Total noncontrolling interests in net income	$	3.0	$	2.6	$	5.7	$	8.0

Schedule of nonredeemable noncontrolling interests

Nonredeemable noncontrolling interests as of September 30, 2013, and December 31, 2012, are summarized as follows (in millions):

	September 30, 2013		December 31, 2012
Nonredeemable noncontrolling interests in consolidated seeded investment products	$	33.9	$	12.4
Nonredeemable noncontrolling interests in subsidiaries	4.2		4.8
Total nonredeemable noncontrolling interests	$	38.1	$	17.2

Schedule of rollforward of noncontrolling interests in consolidated seed investment products

The following table presents a rollforward of noncontrolling interests in consolidated seeded investment products (in millions):

	Three months ended					Nine months ended
	September 30,					September 30,
	2013		2012			2013		2012
Beginning of period balance	$	26.1	$	35.6		$	12.4	$	29.2
Change in market value	2.0		0.6			2.1		1.7
Change in ownership	5.8		(23.6		)	19.4		(18.3		)
End of period balance	$	33.9	$	12.6		$	33.9	$	12.6

Summary of redeemable noncontrolling interests

As of September 30, 2013, and December 31, 2012, redeemable noncontrolling interests are summarized as follows (in millions):

	September 30, 2013		December 31, 2012
Redeemable noncontrolling interest in subsidiaries	$	5.8	$	40.1
Undistributed earnings	1.3		2.8
Total redeemable noncontrolling interests	$	7.1	$	42.9