Investments in Affiliated Companies

6 Months Ended

Jun. 30, 2021

Investments in and Advances to Affiliates [Abstract]

Investments in and Advances to Affiliates, Schedule of Investments [Text Block]

Investments in Affiliated Companies Our affiliate investments primarily include interests in each of the RRPF affiliates, a group of 50% owned domestic and foreign joint ventures with Rolls-Royce plc, a leading manufacturer of commercial aircraft jet engines.

In accordance with Regulation S-X, we must assess if any of our investments in affiliated companies is a “significant subsidiary”. Although we determined that Alpha Partners Leasing Limited, which is part of the RRPF affiliates, did not trigger any of the significance tests as of June 30, 2021, we determined that at least one of the significance tests was triggered as of June 30, 2020. As a result, and in accordance with Rule 10-01(b) of Regulation S-X, the following table shows summarized unaudited financial information for Alpha Partners Leasing Limited (in millions):

	Three Months Ended June 30				Six Months Ended June 30
	2021		2020		2021		2020
Total revenue	$	92.4	$	102.0	$	186.2	$	206.0
Total expenses	(88.2)		(88.7)		(175.5)		(175.1)
Other income, including net gains on sales of assets	19.5		15.9		28.5		38.2
Net income (1)	19.1		23.6		31.7		55.9

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(1) Net income for the three months and six months ended June 30, 2021 excludes the impact from the change in the enacted corporate income tax rate increase in the United Kingdom in 2021.