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REDEEMABLE NONCONTROLLING INTEREST
9 Months Ended
Sep. 30, 2019
REDEEMABLE NONCONTROLLING INTEREST  
REDEEMABLE NONCONTROLLING INTEREST

14.  REDEEMABLE NONCONTROLLING INTEREST

Redeemable noncontrolling interest is reported on the condensed 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 adjusts 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 formerly majority-owned subsidiary Vest. See Note 5 (“Investments”) for more information on the deconsolidation of Vest.

For the nine months ended September 30, 2019, the following reflects changes in our redeemable noncontrolling interest (in millions):

    

Redeemable
Noncontrolling
Interest

Balance as of December 31, 2018

$

9.4

Net loss attributable to redeemable noncontrolling interest

 

(4.1)

Redemption value adjustment of redeemable noncontrolling interest

 

0.5

Deconsolidation of former subsidiary with noncontrolling interest

(5.8)

Balance as of September 30, 2019

$