Unconsolidated Affiliates

6 Months Ended

Jun. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Note 4—Unconsolidated Affiliates

Investments in unconsolidated affiliates are as follows (in millions):


		June 30, 2022				December 31, 2021
	Ownership Percentage	Carrying Value		Excess carrying value of investment over proportionate share of net assets		Carrying Value		Excess carrying value of investment over proportionate share of net assets
International Financial Data Services L.P.	50.0%	$	86.7	$	36.5	$	87.8	$	38.2
Orbit Private Investments L.P.	9.8%		86.0		—		86.0		—
Pershing Road Development Company, LLC	50.0%		76.1		64.1		74.0		65.9
Broadway Square Partners, LLP	50.0%		55.5		30.4		54.3		29.8
Other unconsolidated affiliates			3.9		—		4.0		—
Total		$	308.2	$	131.0	$	306.1	$	133.9

Investments in unconsolidated affiliates are accounted for under the equity method of accounting. We record our proportionate share of the results of the unconsolidated affiliates and amortization expense related to basis differences in Equity in earnings of unconsolidated affiliates, net on the Condensed Consolidated Statement of Comprehensive Income. One of the unconsolidated affiliates is a party to an interest rate swap agreement. We record our proportionate share of the change in value of the interest rate swap agreement in Accumulated other comprehensive loss. Amounts reclassified from Accumulated other comprehensive loss to Net income are recorded in Equity in earnings of unconsolidated affiliates, net on the Condensed Consolidated Statement of Comprehensive Income.

Equity in earnings of unconsolidated affiliates, net are as follows (in millions):


	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022		2021
International Financial Data Services L.P.	$	0.6		$	0.5		$	1.1	$	2.1
Pershing Road Development Company, LLC		(0.2	)		0.3			0.1		1.2
Broadway Square Partners, LLP		0.7			0.4			1.2		0.8
Other unconsolidated affiliates		—			(1.6	)		—		(4.2	)
Total	$	1.1		$	(0.4	)	$	2.4	$	(0.1	)