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Unconsolidated Affiliates
3 Months Ended
Mar. 31, 2020
Investments Debt And Equity Securities [Abstract]  
Unconsolidated Affiliates

Note 4—Unconsolidated Affiliates

 

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

 

 

 

 

 

 

Carrying Value

 

 

Excess carrying value of investment over proportionate share of net assets

 

 

 

Ownership Percentage

 

 

March 31, 2020

 

 

March 31, 2020

 

International Financial Data Services L.P.

 

50%

 

 

$

95.9

 

 

$

44.1

 

Pershing Road Development Company, LLC

 

50%

 

 

 

72.5

 

 

 

74.6

 

Broadway Square Partners, LLP

 

50%

 

 

 

51.2

 

 

 

29.8

 

Other unconsolidated affiliates

 

 

 

 

 

 

8.6

 

 

 

 

Total

 

 

 

 

 

$

228.2

 

 

$

148.5

 

 

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 (Loss) 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) income.  Amounts reclassified from Accumulated other comprehensive (loss) income to Net income are recorded in Equity in earnings of unconsolidated affiliates, net on the Condensed Consolidated Statement of Comprehensive (Loss) Income.

 

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

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

International Financial Data Services L.P.

 

$

0.7

 

 

$

0.7

 

Pershing Road Development Company, LLC

 

 

0.7

 

 

 

0.5

 

Broadway Square Partners, LLP

 

 

0.3

 

 

 

0.3

 

Other unconsolidated affiliates

 

 

(1.0

)

 

 

(1.5

)

Total

 

$

0.7

 

 

$