Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Disclosures [Abstract]

Items Measured at Fair Value on a Recurring Basis

The Company maintains interest rate swap agreements (included in Other Assets and Other Liabilities) and marketable equity securities (included in Other Assets), which include investments in the Company’s Elective Deferred Compensation Plan (Note 15) as of December 31, 2014 and 2013, and investments in securities measured at fair value on a recurring basis as of December 31, 2013.  The following table presents information about the Company’s financial assets and liabilities and indicates the fair value hierarchy of the valuation techniques used by the Company to determine such fair value (in millions):

	Fair Value Measurements
Assets (Liabilities):	Level 1		Level 2			Level 3		Total
December 31, 2014
Derivative financial instruments	$	—	$	(4.3	)	$	—	$	(4.3	)
Marketable equity securities	$	3.7	$	—		$	—	$	3.7
December 31, 2013
Derivative financial instruments	$	—	$	(3.2	)	$	—	$	(3.2	)
Marketable equity securities	$	7.4	$	—		$	—	$	7.4

Debt Instruments with Carrying Values Different than Estimated Fair Values

Debt instruments at December 31, 2014 and 2013, with carrying values that are different than estimated fair values, are summarized as follows (in thousands):

	December 31, 2014				December 31, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Senior Notes	$	2,765,893	$	3,011,374	$	2,754,120	$	2,991,698
Revolving Credit Facilities and Term Loans		779,009		786,922		779,133		787,772
Mortgage indebtedness		1,689,805		1,741,855		1,761,421		1,779,375
	$	5,234,707	$	5,540,151	$	5,294,674	$	5,558,845

Information Regarding Swaps

As of December 31, 2014 and 2013, the notional amount of the Swaps was $530.0 million and $631.4 million, respectively.  The following table discloses certain information regarding the Company’s Swaps (nine at December 31, 2014, not including the specified spreads), as well as their classification on the consolidated balance sheets, as of December 31, 2014 and 2013 (in millions):

	Aggregate
	Notional		Counterparty	DDR Pays		Fair Value
	Amount at		Pays Variable	Fixed		December 31, 2014					December 31, 2013
Maturity Date	December 31, 2014		Rate	Rate		Asset		Liability			Asset		Liability
June 2014	N/A		1 Month LIBOR		1.0%	N/A		N/A			$	—	$	(0.4	)
June 2015	$	50.0	1 Month LIBOR		0.6%	$	—	$	(0.1	)		—		(0.2	)
July 2015		100.0	1 Month LIBOR		0.5%		—		(0.2	)		—		(0.4	)
September 2017		80.0	1 Month LIBOR		2.8%		—		(3.8	)		—		(5.0	)
January 2018		100.0	1 Month LIBOR		0.9%		0.7		—			1.4		—
February 2019		100.0	1 Month LIBOR		1.6%		—		(0.6	)		0.5		—
February 2019		100.0	1 Month LIBOR		1.5%		—		(0.3	)		0.9		—
Other Assets						$	0.7	N/A			$	2.8	N/A
Accounts Payable						N/A		$	(5.0	)	N/A		$	(6.0	)

Effect of Company's Derivative Instruments on Net Income (Loss) and OCI

The effect of the Company’s cash flow hedges on net income (loss) and OCI is as follows (in millions):

	Amount of Gain (Loss) Recognized in OCI (Effective Portion)								Location of Gain (Loss) Reclassified from Accumulated OCI
	For the Year Ended December 31,								(Effective
	2014			2013		2012			Portion)
Interest rate contracts	$	(1.0	)	$	13.9	$	(8.3	)	Interest Expense