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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Fair value and carrying values for notes and bonds payable, mortgage notes receivable, and notes receivable
The table below details the fair values and carrying values for notes and bonds payable at June 30, 2020 and December 31, 2019.
 
JUNE 30, 2020
DECEMBER 31, 2019
Dollars in millions
CARRYING VALUE

FAIR VALUE

CARRYING VALUE

FAIR VALUE

Notes and bonds payable 1
$
1,554.9

$
1,622.8

$
1,414.1

$
1,425.8


1
Level 2 – model-derived valuations in which significant inputs and significant value drivers are observable in active markets.