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

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

    

2020

    

2019

Balance as of January 1

$

262.3

$

217.7

Changes in estimates

 

 

25.2

Closure payments

 

(1.0)

 

(0.8)

Accretion expense

 

11.1

 

9.5

Balance as of September 30, 

$

272.4

$

251.6