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Interest Rate Swaps (Tables)
 12 Months Ended
Dec. 31, 2011
Interest Rate Derivatives [Abstract]  
Schedule of Interest Rate Swaps Gain (Loss) in Statement of Financial Performance
The following table shows the effect of interest rate swaps on the consolidated statement of operations and comprehensive income (loss). The estimated net amount, pre-tax, loss that is expected to be reclassified into earnings from accumulated other comprehensive income (loss) is approximately $65 million for the year ended December 31, 2012. See also note 8. 

Interest Rate Swaps Designated as
Hedging Instruments(a)
 
Years Ended December 31,
 
Classification
 
2011
 
2010
 
2009
 
Gain (loss) recognized in other comprehensive income ("OCI") (effective portion)
 
$
(973
)
  
$
(125,850
)
  
$
140,056

 
OCI
Gain (loss) reclassified from accumulated OCI into income (effective portion)
 
(71,707
)
 
(54,169
)
 
(19,158
)
 
Interest expense and amortization of deferred financing costs
Amount of gain (loss) recognized in income (ineffective portion and excluded from effectiveness testing)
 
—

 
—

 
(3,920
)
 
Net gain (loss) on interest rate swaps
Interest Rate Swaps Not Designated as
Hedging Instruments(a)
 
Years Ended December 31,
 
Classification
 
2011
 
2010
 
2009
 
Gain (loss) recognized in income
 
$
—

 
$
(286,435
)
(b)
$
(89,046
)
(c)
Net gain (loss) on interest rate swaps
____________________
(a)
Exclusive of benefit (provision) for income taxes.
(b)
Inclusive of $3.4 million related to the discontinuation of amortization into interest expense of an interest rate swap that previously qualified for hedge accounting as a result of early repayment of debt in 2010 and the remainder is related to losses due to the decrease in fair value of interest rate swaps not designated as hedging instruments.
(c)
Inclusive of losses of $132.9 million related to the hedged forecasted transaction not occurring with respect to the refinancing of 2006 Mortgage Loan, partially offset by gains related to the increase in the fair value of interest rate swaps not designated as hedging instruments.