Equity Accounted Investees (Tables)

12 Months Ended

Dec. 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

Summary of financial information for Affiliates and Funds accounted for under the equity method

The following tables present summarized financial information for Affiliates and Funds accounted for under the equity method (in millions):

	For the year ended December 31,
Statements of Income	2019		2018		2017
Net revenues(1)	$	13.5	$	12.9	$	318.9
Operating income	4.7		4.5		94.1
Other income, net	—		—		197.4
Income before income taxes	4.7		4.5		291.5
Less income tax expense	—		—		5.5
Exclude: non-controlling interests income	1.9		1.8		247.6
Net income attributable to controlling interests	$	2.8	$	2.7	$	38.4
BSIG equity in net income of equity method investees(2)	$	2.8	$	2.7	$	16.3

	As of December 31,
Balance Sheets	2019		2018
Total assets	$	4.2	$	3.8
Total liabilities	1.9		1.7
Non-controlling interests in subsidiaries	0.3		0.2
Members’ equity	$	2.0	$	1.9
BSIG equity investment and undistributed earnings of affiliated companies, before consolidating and reconciling adjustments	$	2.0	$	1.9
BSIG investment in equity method investees	$	2.0	$	1.9

(1) Net revenues include advisory fees for asset management services and investment income, including interest and dividends from consolidated investment partnerships.

(2)

ICM, an equity-accounted Affiliate, uses a revenue share model.