XML 93 R70.htm IDEA: XBRL DOCUMENT v3.22.1
Business Segments - Segment Reporting, Reconciliation of Revenues, Operating Income and Assets (Detail) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Dec. 31, 2020
Segment Reporting Information [Line Items]        
Total revenues $ 1,219,128 $ 1,148,316    
Operating income 1,205,802 532,197    
General and administrative expenses 74,646 78,032    
Depreciation and amortization expenses 396,647 397,575    
Gains on dispositions of development properties and land, net 210,206 173,643    
Gains on other dispositions of investments in real estate, net 584,835 16,623    
Earnings from unconsolidated entities, net 76,962 67,049    
Interest expense (64,064) (71,281)    
Interest and other income, net 1,053 4,746    
Foreign currency and derivative gains, net 47,356 80,152    
Losses on early extinguishment of debt, net (18,165) (187,453)    
Earnings before income taxes 1,248,944 425,410    
Total assets 59,779,871   $ 58,486,220  
Investments in and advances to unconsolidated entities 8,679,011   8,610,958  
Assets held for sale or contribution 373,664   669,688  
Cash and cash equivalents 1,912,750 676,074 556,117 $ 598,086
Other assets 3,212,968   3,312,454  
Real Estate Operations [Member]        
Segment Reporting Information [Line Items]        
Total assets 48,228,492   48,088,165  
Operating Segments [Member]        
Segment Reporting Information [Line Items]        
Operating income 882,054 817,538    
Total assets 48,265,715   48,125,728  
Operating Segments [Member] | Real Estate Operations [Member]        
Segment Reporting Information [Line Items]        
Total revenues 1,085,203 1,028,355    
Operating income 799,940 747,027    
Operating Segments [Member] | Strategic Capital [Member]        
Segment Reporting Information [Line Items]        
Total revenues 133,925 119,961    
Operating income 82,114 70,511    
Total assets 37,223   37,563  
Operating Segments [Member] | U.S. [Member] | Real Estate Operations [Member]        
Segment Reporting Information [Line Items]        
Total revenues 1,038,991 975,083    
Operating income 771,210 709,303    
Total assets 44,170,370   44,136,140  
Operating Segments [Member] | U.S. [Member] | Strategic Capital [Member]        
Segment Reporting Information [Line Items]        
Total revenues 50,635 33,983    
Operating income 27,677 8,302    
Total assets 11,666   11,984  
Operating Segments [Member] | Other Americas [Member] | Real Estate Operations [Member]        
Segment Reporting Information [Line Items]        
Total revenues 22,191 23,893    
Operating income 16,107 17,595    
Total assets 1,212,592   1,148,371  
Operating Segments [Member] | Other Americas [Member] | Strategic Capital [Member]        
Segment Reporting Information [Line Items]        
Total revenues 11,653 10,663    
Operating income 7,374 7,906    
Operating Segments [Member] | Europe [Member] | Real Estate Operations [Member]        
Segment Reporting Information [Line Items]        
Total revenues 12,008 18,856    
Operating income 3,970 13,191    
Total assets 1,871,785   1,837,800  
Operating Segments [Member] | Europe [Member] | Strategic Capital [Member]        
Segment Reporting Information [Line Items]        
Total revenues 46,196 43,429    
Operating income 32,463 32,171    
Total assets 25,280   25,280  
Operating Segments [Member] | Asia [Member] | Real Estate Operations [Member]        
Segment Reporting Information [Line Items]        
Total revenues 12,013 10,523    
Operating income 8,653 6,938    
Total assets 973,745   965,854  
Operating Segments [Member] | Asia [Member] | Strategic Capital [Member]        
Segment Reporting Information [Line Items]        
Total revenues 25,441 31,886    
Operating income 14,600 22,132    
Total assets 277   299  
Reconciling Items [Member]        
Segment Reporting Information [Line Items]        
Operating income 1,205,802 532,197    
General and administrative expenses (74,646) (78,032)    
Depreciation and amortization expenses (396,647) (397,575)    
Gains on dispositions of development properties and land, net 210,206 173,643    
Gains on other dispositions of investments in real estate, net 584,835 16,623    
Earnings from unconsolidated entities, net 76,962 67,049    
Interest expense (64,064) (71,281)    
Interest and other income, net 1,053 4,746    
Foreign currency and derivative gains, net 47,356 80,152    
Losses on early extinguishment of debt, net (18,165) $ (187,453)    
Total assets 11,514,156   10,360,492  
Investments in and advances to unconsolidated entities 8,679,011   8,610,958  
Assets held for sale or contribution 373,664   669,688  
Cash and cash equivalents 1,912,750   556,117  
Other assets $ 548,731   $ 523,729