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ASSET RETIREMENT OBLIGATION: (Tables)
6 Months Ended
Jun. 30, 2020
ASSET RETIREMENT OBLIGATION:  
Summary of asset retirement obligation activity

The following table summarizes the asset retirement obligation activity for the six months ended June 30, 2020 and 2019 (in millions):

    

2020

    

2019

Balance as of January 1

$

262.3

$

217.7

Changes in estimates

 

 

25.2

Closure payments

 

(0.8)

 

(0.4)

Accretion expense

 

7.4

 

6.2

Balance as of June 30, 

$

268.9

$

248.7