Hawkeye Company’s balance sheet reported, under the equity method, its long-term investment in Raven Company for comparative years as follows:

In addition, the Year 2 Hawkeye Company income statement disclosed equity earnings in the Raven Company investment as $25 million. Hawkeye Company neither purchased nor sold Raven Company stock during 20Y6. The fair value of the Raven Company stock investment on December 31, 20Y6, was $310 million. Explain the change in Investment in Raven Company Stock from December 31, 20Y5, to December 31, 20Y6.

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Dec. 31, 20Y6 Dec. 31, 20Y5 Investment in Raven Company stock (in millions) $281 $264