Unconsolidated Affiliates

9 Months Ended

Sep. 30, 2017

Equity Method Investments and Joint Ventures [Abstract]

Unconsolidated Affiliates

Unconsolidated Affiliates

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

		Carrying Value
	Ownership Percentage (1)	September 30, 2017		December 31, 2016
International Financial Data Services U.K.	—	$	—	$	133.3
International Financial Data Services L.P.	50%	43.1		73.2
Boston Financial Data Services, Inc.	—	—		91.2
Unconsolidated real estate and other affiliates		37.6		33.5
Total		$	80.7	$	331.2

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(1) DST’s ownership percentage in IFDS U.K. and BFDS was 50% prior to the respective acquisitions in March 2017, at which time the businesses became wholly-owned subsidiaries.

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

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2017		2016		2017		2016
International Financial Data Services U.K.	$	—	$	3.4	$	0.9	$	8.2
International Financial Data Services L.P.	2.4		0.9		15.8		3.9
Boston Financial Data Services, Inc.	—		1.2		3.6		5.5
Unconsolidated real estate and other affiliates	1.8		1.5		7.0		6.3
Total	$	4.2	$	7.0	$	27.3	$	23.9

In connection with the acquisitions of the remaining interests in BFDS and IFDS U.K., as well as the receipt of IFDS L.P.’s distributions of real estate and its investment in IFDS Percana during March 2017, the corresponding investments in unconsolidated affiliates balances were reduced. Additionally, in connection with the acquisitions, DST also effectively settled IFDS U.K.’s note payables to State Street by acquiring State Street’s outstanding note receivables due from IFDS U.K., which is considered part of the total cash paid to acquire State Street’s equity interests in IFDS U.K. See Note 2, Significant Business Transactions, for further details.