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Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2022
Significant Accounting Policies  
Schedule of Interest Rate Derivatives

Number of

Notional

Interest Rate Derivative

    

Instruments

    

Amount

 

Interest Rate Swaps

 

2

$

375.0 million

Schedule of Euro:USD forward contracts

We had the following Euro:USD forward contracts designated as net investment hedges at March 31, 2022 and December 31, 2021 (in millions):

    

    

Asset (Liability) Value as of

March 31, 

    

December 31, 

Notional Value

Maturity Date

2022

2021

60.0

March 15, 2022

 

2.8

25.0

June 15, 2022

(0.2)

 

25.0

June 15, 2022

(0.2)

 

25.0

June 15, 2022

(0.2)

 

25.0

June 15, 2022

(0.2)

 

8.7

June 15, 2022

(0.1)

62.0

September 15, 2022

4.7

2.8

44.5

September 15, 2022

1.0

(0.3)

44.5

September 15, 2022

1.0

(0.4)

89.0

December 16, 2022

1.6

(0.8)

15.0

March 15, 2023

(0.2)

15.0

March 15, 2023

(0.2)

30.0

March 15, 2024

(0.4)

Schedule of carrying amount of noncontrolling interests

    

As of

    

As of

March 31,

    

December 31,

2022

2021

Limited partners’ interests in the Operating Partnership

$

462,726

$

477,292

Nonredeemable noncontrolling interests in properties, net

 

14,194

 

14,241

Total noncontrolling interests reflected in equity

$

476,920

$

491,533

Schedule of reclassifications out of accumulated other comprehensive income (loss)

    

For the Three Months Ended

March 31, 

2022

2021

Affected line item where net income is presented

Currency translation adjustments

$

$

5,660

Gain on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net

(712)

Net income attributable to noncontrolling interests

$

$

4,948

Accumulated derivative gains, net

$

387

 

$

483

 

Interest expense

 

(49)

 

 

(61)

 

Net income attributable to noncontrolling interests

$

338

$

422

Simon Property Group, L.P.  
Significant Accounting Policies  
Schedule of reclassifications out of accumulated other comprehensive income (loss)

    

For the Three Months Ended

March 31, 

2022

2021

Affected line item where net income is presented

Currency translation adjustments

$

 

$

5,660

 

Gain on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net

Accumulated derivative gains, net

$

387

 

$

483

 

Interest expense