Investment in CyrusOne (Tables)

9 Months Ended

Sep. 30, 2015

Schedule of Condensed Income Statement, Equity Method Investee

Wireless financial results for the three and nine months ended September 30, 2015 and 2014 reported as Income (loss) from discontinued operations, net of tax on the Condensed Consolidated Statements of Operations are as follows:



	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(dollars in millions)	2015			2014			2015			2014
Revenue	$	—		$	30.1		$	4.4		$	116.0
Costs and expenses
Cost of products and services	—			13.7			12.0			53.2
Selling, general and administrative	—			4.9			2.2			16.3
Depreciation and amortization expense	—			29.1			28.6			74.2
Restructuring (reversals) charges	(2.1		)	10.3			4.3			15.5
Asset impairment	—			7.5			—			7.5
Transaction costs	—			2.8			—			2.8
Amortization of deferred gain	—			(6.4		)	(6.5		)	(16.5		)
Total operating costs and expenses	(2.1		)	61.9			40.6			153.0
Operating income (loss)	2.1			(31.8		)	(36.2		)	(37.0		)
Interest expense (income)	—			1.1			(1.7		)	3.8
Other (income) expense	(0.1		)	(0.2		)	(0.2		)	1.7
Gain on transfer of tower lease obligations and other assets	—			—			15.9			—
Gain on sale of wireless spectrum licenses	—			—			112.6			—
Income (loss) before income taxes	2.2			(32.7		)	94.2			(42.5		)
Income tax expense (benefit)	1.2			(12.9		)	33.4			(14.3		)
Income (loss) from discontinued operations	$	1.0		$	(19.8	)	$	60.8		$	(28.2	)

Summarized financial information for CyrusOne is as follows:



	Three Months Ended					Nine Months Ended
	September 30,					September 30,
(dollars in millions)	2015			2014		2015			2014
Revenue	$	111.2		$	84.8	$	286.0		$	244.0
Operating income	7.5			9.6		11.7			28.8
Net income (loss)	(5.3		)	0.2		(19.0		)	(2.7		)

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



	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(dollars in millions)	2015			2014			2015			2014
Revenue:
Services provided to CyrusOne	$	0.3		$	0.4		$	1.0		$	1.3

Operating costs and expenses:
Charges for services provided by CyrusOne	2.6			2.2			7.6			6.8
Administrative services provided to CyrusOne	(0.1		)	(0.1		)	(0.3		)	(0.3		)
Total operating costs and expenses	$	2.5		$	2.1		$	7.3		$	6.5

At September 30, 2015 and December 31, 2014, amounts receivable from and payable to CyrusOne were as follows:



	September 30,		December 31,
(dollars in millions)	2015		2014
Accounts receivable	$	0.7	$	1.7
Dividends receivable	2.7		6.0
Receivable from CyrusOne	$	3.4	$	7.7

Accounts payable	$	1.6	$	0.4
Payable to CyrusOne	$	1.6	$	0.4