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ASSET RETIREMENT OBLIGATION: (Tables)
3 Months Ended
Mar. 31, 2020
ASSET RETIREMENT OBLIGATION:  
Summary of asset retirement obligation activity

The following table summarizes the asset retirement obligation activity for the three months ended March 31, 2020 and 2019 (in millions):

    

2020

    

2019

Balance as of January 1

$

262.3

$

217.7

Changes in estimates

 

 

28.1

Closure payments

 

(0.6)

 

(0.2)

Accretion expense

 

3.8

 

3.0

Balance as of March 31, 

$

265.5

$

248.6