Investment in CyrusOne (Tables)

9 Months Ended

Sep. 30, 2014

Assets and Liabilities Deconsolidated [Table Text Block]

On January 24, 2013, we completed the initial public offering of CyrusOne, our former Data Center Colocation segment. As of this date, we no longer control CyrusOne's operations, and we removed the following assets and liabilities of CyrusOne from our consolidated financial statements:



(dollars in millions)
Cash	$	12.2
Receivables	41.5
Other current assets	13.4
Property, plant and equipment	736.2
Goodwill and intangibles	377.7
Other noncurrent assets	44.0
Total assets	1,225.0

Current portion of long-term debt	6.3
Accounts payable	29.4
Unearned revenue and customer deposits	24.1
Other current liabilities	12.9
Long-term debt	550.3
Other noncurrent liabilities	92.3
Total liabilities	715.3

Net assets	$	509.7

Condensed Income Statement, Equity Method Investee

Summarized financial information for CyrusOne is as follows:



	Three Months Ended					Nine Months Ended September 30, 2014			January 24, 2013 to September 30, 2013
	September 30,
(dollars in millions)	2014		2013
Revenue	$	84.8	$	67.5		$	244.0		$	176.1
Operating income	9.6		8.5			28.8			19.9
Net income (loss)	0.2		(2.2		)	(2.7		)	(11.8		)

Related Party Revenues and Expenses [Member]

Revenues and operating costs and expenses from transactions with CyrusOne were as follows:



	Three Months Ended						Nine Months Ended September 30, 2014			January 24, 2013 to September 30, 2013
	September 30,
(dollars in millions)	2014			2013
Revenue:
Services provided to CyrusOne	$	0.4		$	0.5		$	1.3		$	1.6

Operating costs and expenses:
Transaction-related compensation to CyrusOne employees	$	—		$	—		$	—		$	20.0
Charges for services provided by CyrusOne	2.2			2.4			6.8			6.5
Administrative services provided to CyrusOne	(0.1		)	(0.1		)	(0.3		)	(0.4		)
Total operating costs and expenses	$	2.1		$	2.3		$	6.5		$	26.1

Related Party Receivables and Payables [Member]

At September 30, 2014 and December 31, 2013, amounts receivable from and payable to CyrusOne were as follows:



(dollars in millions)	September 30, 2014		December 31, 2013
Accounts receivable	$	2.0	$	2.1
Dividends receivable	6.0		7.1
Receivable from CyrusOne	$	8.0	$	9.2

Accounts payable	$	1.3	$	0.5
Payable to CyrusOne	$	1.3	$	0.5