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• the financial health of the significant multiemployer plans, including an indicationof the funded status, whether funding improvement plans are pending orimplemented, and whether any plan has imposed surcharges on thecontributions to the plan; and• the nature of the employer commitments to the plans, including when thecollective-bargaining agreements that require contributions to the significantplans are set to expire and whether those agreements require minimumcontributions be made to the plans.This update was effective for us December 31, 2011. We have no materialmultiemployer pension plans.2. INVESTMENTS IN UNCONSOLIDATED AFFILIATESOur investments in unconsolidated affiliates consisted of the following:December 31,(in thousands) 2011 2010 2009Medusa Spar LLC $ 49,480 $ 51,820 $ 57,388Other 127 — 1,348$ 49,607 $ 51,820 $ 58,736In 2003, we purchased a 50% equity interest in Medusa Spar LLC for $43.7 million.Medusa Spar LLC owns a 75% interest in a production spar platform in the U.S. Gulf ofMexico. Medusa Spar LLC's revenue is derived from processing oil and gas productionfor a fee based on the volumes processed through the platform (throughput).Medusa Spar LLC financed its acquisition of its 75% interest in the production sparplatform using approximately 50% debt and 50% equity from its equity holders. The debtwas repaid in 2008. We believe our maximum exposure to loss from our investment inMedusa Spar LLC is our $49.5 million investment. Medusa Spar LLC is a variableinterest entity. We are not the primary beneficiary of Medusa Spar LLC, since we do notown a controlling interest, nor do we manage the operations of the asset it owns. As weare not the primary beneficiary, we are accounting for our investment inMedusa Spar LLC under the equity method of accounting. Summarized 100% financialinformation relative to Medusa Spar LLC follows.2011 Annual Report 39