REDEEMABLE NONCONTROLLING INTEREST

6 Months Ended

Jun. 30, 2018

14. REDEEMABLE NONCONTROLLING INTEREST

Redeemable noncontrolling interest are reported on the consolidated balance sheets in mezzanine equity in Redeemable Noncontrolling Interest. The Company recognizes changes to the redemption value of redeemable noncontrolling interest as they occur and adjust the carrying value to equal the redemption value at the end of each reporting period. The resulting increases or decreases in the estimated redemption amount are affected by corresponding charges or credits against retained earnings, or in the absence of retained earnings, additional paid in capital. The redemption amounts have been estimated based on the fair value of the majority-owned subsidiary, determined based on a weighting of the discounted cash flow and other economic factors.

For the six months ended June 30, 2018, the following reflects changes in our redeemable noncontrolling interest (in millions):


	Redeemable Noncontrolling Interest
Balance as of December 31, 2017	$	9.4
Net loss attributable to redeemable noncontrolling interest		(0.6)
Redemption value adjustment of redeemable noncontrolling interest		0.6
Balance as of June 30, 2018	$	9.4