Investments in Unconsolidated Entities (Tables)

12 Months Ended

Dec. 31, 2019

Investments in Unconsolidated Entities [Abstract]

Schedule of Equity Method And Cost Method Investments

Our investments in unconsolidated entities consist primarily of the following:

 

	As of December 31
(in millions)	2019		2018
Investment in MJKK	$	24.0	$	23.9
Investment in Sustainalytics	25.3		25.7
Other-equity method investments	6.6		10.3
Investments accounted for using the cost method	3.7		3.2
Total investments in unconsolidated entities	$	59.6	$	63.1

Schedule of Equity Method Investments

The following table summarizes our ownership percentage in MJKK and the market value of this investment based on MJKK’s publicly quoted share price:

	As of December 31
	2019			2018
Morningstar’s approximate ownership of MJKK	30.4		%	30.4		%
Approximate market value of Morningstar’s ownership in MJKK:
Japanese yen (¥ in millions)	¥	10,319.0		¥	7,525.4
Equivalent U.S. dollars ($ in millions)	$	95.0		$	68.4