| OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS. The changes in each component of accumulated other comprehensive income (loss), including reclassification adjustments, for the three months ended June 30, 2026 and 2025 are presented in the table below.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended 6/30/2026 | | Three months ended 6/30/2025 | | | | | | (in millions) | Equity method investments | | Consolidated investment products - variable interest entities | | Total currency translation adjustments | | Equity method investments | | Consolidated investment products - variable interest entities | | Total currency translation adjustments | | Balances at beginning of period | $ | (57.9) | | | $ | 6.3 | | | $ | (51.6) | | | $ | (53.2) | | | $ | 1.3 | | | $ | (51.9) | | | Other comprehensive income (loss) before reclassifications | (7.8) | | | 0.1 | | | (7.7) | | | 0.8 | | | 11.9 | | | 12.7 | | | Reclassification adjustments recognized in non-operating income | — | | | — | | | — | | | — | | | (3.1) | | | (3.1) | | | Other comprehensive income (loss) before income taxes | (7.8) | | | 0.1 | | | (7.7) | | | 0.8 | | | 8.8 | | | 9.6 | | | Net deferred tax benefits (income taxes) | 1.1 | | | — | | | 1.1 | | | (0.1) | | | (2.2) | | | (2.3) | | | Other comprehensive income (loss) | (6.7) | | | 0.1 | | | (6.6) | | | 0.7 | | | 6.6 | | | 7.3 | | | Balances at end of period | $ | (64.6) | | | $ | 6.4 | | | $ | (58.2) | | | $ | (52.5) | | | $ | 7.9 | | | $ | (44.6) | |
The other comprehensive income (loss) in the table above excludes net losses of $0.9 million and net gains of $7.9 million for the three months ended June 30, 2026 and 2025, respectively, related to redeemable non-controlling interests held in our consolidated investment products. The changes in each component of accumulated other comprehensive income (loss), including reclassification adjustments, for the six months ended June 30, 2026 and 2025 are presented in the table below. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six months ended 6/30/2026 | | Six months ended 6/30/2025 | | | | | | | | (in millions) | Equity method investments | | Consolidated investment products - variable interest entities | | Total currency translation adjustments | | Equity method investments | | Consolidated investment products - variable interest entities | | Total currency translation adjustments | | | | | | | | Balances at beginning of period | $ | (57.4) | | | $ | 6.9 | | | $ | (50.5) | | | $ | (49.5) | | | $ | (2.2) | | | $ | (51.7) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other comprehensive income (loss) before reclassifications | (8.4) | | | (0.6) | | | (9.0) | | | (3.5) | | | 16.5 | | | 13.0 | | | | | | | | | Reclassification adjustments recognized in non-operating income | — | | | (0.2) | | | (0.2) | | | — | | | (3.1) | | | (3.1) | | | | | | | | | Other comprehensive income (loss) before income taxes | (8.4) | | | (0.8) | | | (9.2) | | | (3.5) | | | 13.4 | | | 9.9 | | | | | | | | | Net deferred tax benefits (income taxes) | 1.2 | | | 0.3 | | | 1.5 | | | 0.5 | | | (3.3) | | | (2.8) | | | | | | | | | Other comprehensive income (loss) | (7.2) | | | (0.5) | | | (7.7) | | | (3.0) | | | 10.1 | | | 7.1 | | | | | | | | | | | | | | | | | | | | | | | | | | | Balances at end of period | $ | (64.6) | | | $ | 6.4 | | | $ | (58.2) | | | $ | (52.5) | | | $ | 7.9 | | | $ | (44.6) | | | | | | | |
The other comprehensive income (loss) in the table above excludes net losses of $1.6 million and net gains of $11.0 million for the six months ended June 30, 2026 and 2025, respectively, related to redeemable non-controlling interests held in our consolidated investment products.
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