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Noncontrolling Interests
3 Months Ended
Mar. 31, 2013
Noncontrolling Interests  
Noncontrolling Interests

(12)           The company applies the provisions of ASC 810-10-45, which establishes accounting and reporting standards for ownership interests in subsidiaries held by parties other than the parent, the amount of consolidated net earnings attributable to the parent and to the noncontrolling interest, changes in a parent’s ownership interest and the valuation of retained noncontrolling equity investments when a subsidiary is deconsolidated.

 

As required by ASC 810-10-45, the company has separately disclosed on the face of the Condensed Consolidated Statement of Earnings for all periods presented the amount of net earnings attributable to the company and the amount of net earnings attributable to noncontrolling interests. For the three months ended March 31, 2013 and 2012, earnings attributable to noncontrolling interests were $48.2 million and $22.6 million, respectively, and the related tax effect was $1.4 million and $0.3 million, respectively. Distributions paid to noncontrolling interests were $17.9 million and $19.8 million for the three months ended March 31, 2013 and 2012, respectively. Capital contributions by noncontrolling interests were $0.2 million and $1.4 million for the three months ended March 31, 2013 and 2012, respectively.