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

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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):

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​

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​

    

Asset (Liability) Value as of

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​

​

​

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

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June 15, 2022

​

​

(0.2)

​

 

—

€

25.0

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June 15, 2022

​

​

(0.2)

​

 

—

€

8.7

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June 15, 2022

​

​

(0.1)

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​

—

€

62.0

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September 15, 2022

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​

4.7

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​

2.8

€

44.5

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September 15, 2022

​

​

1.0

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​

(0.3)

€

44.5

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September 15, 2022

​

​

1.0

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​

(0.4)

€

89.0

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December 16, 2022

​

​

1.6

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​

(0.8)

€

15.0

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March 15, 2023

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​

(0.2)

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​

—

€

15.0

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March 15, 2023

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​

(0.2)

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​

—

€

30.0

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March 15, 2024

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(0.4)

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​

—

Schedule of carrying amount of noncontrolling interests

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​

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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)

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​

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For the Three Months Ended

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​

​

​

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

​

​

​

​

—

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(712)

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Net income attributable to noncontrolling interests

​

​

​

$

—

​

$

4,948

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​

​

​

​

​

​

​

​

​

​

​

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Accumulated derivative gains, net

​

$

387

 

$

483

 

Interest expense

​

​

​

 

(49)

 

 

(61)

 

Net income attributable to noncontrolling interests

​

​

​

$

338

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$

422

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​

​

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

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​

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​

​

​

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​

​

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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

​

​

​

​

​

​

​

​

​

​

​