Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2021

Significant Accounting Policies

Schedule of carrying amount of noncontrolling interests

	As of		As of
	June 30,		December 31,
	2021		2020
Limited partners’ interests in the Operating Partnership	$	458,776	$	431,784
Nonredeemable noncontrolling interests in properties, net		16,865		1,090
Total noncontrolling interests reflected in equity	$	475,641	$	432,874

Schedule of reclassifications out of accumulated other comprehensive income (loss)

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020		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
		—		—		(712)		—	Net income attributable to noncontrolling interests
	$	—	$	—	$	4,948	$	—
Accumulated derivative gains	$	475	$	478	$	958	$	958	Interest expense
		(59)		(63)		(120)		(126)	Net income attributable to noncontrolling interests
	$	416	$	415	$	838	$	832

Schedule of Euro:USD forward contracts

We had the following Euro:USD forward contracts designated as net investment hedges at June 30, 2021 and December 31, 2020 (in millions):

			Asset (Liability) Value as of
			June 30,		December 31,
Notional Value		Maturity Date	2021		2020
€	100.0	March 24, 2021		—		(3.9)
€	100.0	March 24, 2021		—		(3.8)
€	50.0	March 24, 2021		—		(2.3)
€	50.0	March 24, 2021		—		(2.2)
€	50.0	May 14, 2021		—		(2.2)
€	50.0	May 14, 2021		—		(2.2)
€	41.0	May 14, 2021		—		(1.9)
€	20.0	May 14, 2021		—		(1.7)
€	50.0	May 14, 2021		—		(2.1)
€	50.0	May 14, 2021		—		(6.4)
€	30.0	May 14, 2021		—		(2.6)
€	60.0	December 20, 2021		(1.8)		(4.2)
€	60.0	December 20, 2021		(1.7)		(4.1)
€	30.0	December 20, 2021		(1.0)		(2.2)
€	50.0	July 15, 2021		2.0		(0.1)
€	41.0	July 15, 2021		—		(0.1)
€	50.0	July 15, 2021		—		(0.1)
€	61.0	September 17, 2021		1.2		(1.3)
€	61.0	September 17, 2021		1.2		(1.2)

Simon Property Group, L.P.

Significant Accounting Policies

Schedule of reclassifications out of accumulated other comprehensive income (loss)

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020		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	$	475	$	478	$	958	$	958	Interest expense