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Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2023
Significant Accounting Policies  
Schedule of carrying amount of noncontrolling interests

    

As of

    

As of

 

September 30, 

December 31, 

 

    

2023

    

2022

 

Limited partners’ interests in the Operating Partnership

$

436,693

$

448,076

Nonredeemable noncontrolling interests in properties, net

 

20,981

 

25,052

Total noncontrolling interests reflected in equity

$

457,674

$

473,128

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

For the Three Months Ended

For the Nine Months Ended

September 30, 

September 30, 

Affected line item where

    

2023

    

2022

    

2023

    

2022

    

net income is presented

Accumulated derivative gains, net

$

671

 

$

403

$

1,869

 

$

1,191

 

Interest expense

 

(93)

 

 

(51)

 

(244)

 

 

(150)

 

Net income attributable to noncontrolling interests

$

578

$

352

$

1,625

$

1,041

Schedule of Interest Rate Derivatives

As of September 30, 2023, we had the following outstanding interest rate derivatives related to managing our interest rate risk:

Number of

Notional

Interest Rate Derivative

    

Instruments

    

Amount

Interest Rate Swaps

 

4

$

538.0 million

Interest Rate Swaps

 

3

878.0 million

Interest Rate Caps

3

126.2 million

As of December 31, 2022, we had the following outstanding interest rate derivatives related to managing our interest rate risk:

Number of

Notional

Interest Rate Derivative

    

Instruments

    

Amount

 

Interest Rate Swaps

 

1

128.0 million

Interest Rate Caps

 

5

319.0 million

Schedule of Euro:USD forward contracts

We had the following Euro:USD forward contracts designated as net investment hedges at September 30, 2023 and December 31, 2022 (in millions):

    

    

Asset (Liability) Value as of

September 30, 

    

December 31, 

Notional Value

Maturity Date

2023

2022

50.0

January 13, 2023

(2.9)

15.0

March 15, 2023

0.7

15.0

March 15, 2023

0.7

45.0

April 12, 2023

(0.2)

44.0

September 15, 2023

(0.1)

50.0

December 15, 2023

(1.4)

(2.8)

50.0

January 17, 2024

1.7

30.0

March 15, 2024

2.2

1.3

51.0

March 15, 2024

(1.5)

(2.8)

20.0

April 12, 2024

0.7

25.0

July 17, 2024

1.7

37.0

December 13, 2024

0.6

37.0

December 13, 2024

0.6

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 Nine Months Ended

September 30, 

September 30, 

Affected line item where

    

2023

    

2022

    

2023

    

2022

    

net income is presented

Accumulated derivative gains, net

$

671

 

$

403

$

1,869

 

$

1,191

 

Interest expense