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Financial Instruments and Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2012
Financial Instruments and Fair Value Measurements [Abstract]  
Derivative activity
                                 
    2012     2011  
    Interest Rate
Swaps
    Interest Rate
Caps
    Interest Rate
Swaps
    Interest Rate
Caps
 

Notional amounts at January 1

  $ 1,496.5     $ —       $ 268.1     $ —    

New contracts

    444.2       —         —         —    

Acquired contracts

    71.0       —         1,337.3       25.7  

Matured or expired contracts

    (456.0     —         (9.6     —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Notional amounts at June 30

  $ 1,555.7     $ —       $ 1,595.8     $ 25.7  
   

 

 

   

 

 

   

 

 

   

 

 

 
Fair value of debt
                                 
    June 30, 2012     December 31, 2011  
    Carrying Value     Fair Value     Carrying Value     Fair Value  

Debt:

                               

Credit Facilities

  $ 1,138,414     $ 1,143,735     $ 936,796     $ 940,334  

Senior notes

    4,684,152       5,201,866       4,772,607       5,038,678  

Exchangeable senior notes

    877,776       994,694       1,315,448       1,431,805  

Secured mortgage debt

    3,115,437       3,248,920       1,699,363       1,832,931  

Secured mortgage debt of consolidated entities

    1,366,837       1,361,701       1,495,047       1,485,808  

Other debt of consolidated entities

    602,938       612,456       775,763       751,075  

Other debt

    648,031       650,729       387,384       389,804  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total debt

  $ 12,433,585     $ 13,214,101     $ 11,382,408     $ 11,870,435