Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2017

Significant Accounting Policies

Schedule of carrying amount of noncontrolling interests

	As of		As of
	March 31,		December 31,
	2017		2016
Limited partners’ interests in the Operating Partnership	$	617,091	$	644,348
Nonredeemable noncontrolling interests in properties, net		4,647		5,116
Total noncontrolling interests reflected in equity	$	621,738	$	649,464

Schedule of rollforward of nonredeemable noncontrolling interests

	For the Three Months Ended
	Ended March 31,
	2017		2016
Noncontrolling interests, beginning of period	$	649,464	$	744,905
Net income attributable to noncontrolling interests after preferred distributions and income attributable to redeemable noncontrolling interests in consolidated properties		72,945		81,459
Distributions to noncontrolling interest holders		(84,221)		(83,728)
Other comprehensive income (loss) allocable to noncontrolling interests:
Unrealized gain on derivative hedge agreements		(143)		(2,103)
Net loss reclassified from accumulated other comprehensive loss into earnings		345		20,146
Currency translation adjustments		1,618		2,696
Changes in available-for-sale securities and other		101		1,680
		1,921		22,419
Adjustment to limited partners’ interest from change in ownership in the Operating Partnership		(33,235)		(5,143)
Units exchanged for common shares		(12)		(16)
Long-term incentive performance units		14,705		12,061
Contributions by noncontrolling interests, net, and other		171		—
Noncontrolling interests, end of period	$	621,738	$	771,957

Schedule of changes in components of accumulated other comprehensive income (loss) net of noncontrolling interest

The changes in components of Simon’s accumulated other comprehensive income (loss) consisted of the following net of noncontrolling interest as of March 31, 2017:

					Net unrealized
	Currency		Accumulated		gains on
	translation		derivative		marketable
	adjustments		gains, net		securities		Total
Beginning balance	$	(157,864)	$	30,374	$	13,364	$	(114,126)
Other comprehensive income (loss) before reclassifications		11,530		(1,110)		588		11,008
Amounts reclassified from accumulated other comprehensive income		—		2,275		—		2,275
Net current-period other comprehensive income		11,530		1,165		588		13,283
Ending balance	$	(146,334)	$	31,539	$	13,952	$	(100,843)

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

	2017		2016
	Amount reclassified		Amount reclassified
Details about accumulated other	from accumulated		from accumulated
comprehensive income (loss)	other comprehensive		other comprehensive		Affected line item where
components:	income (loss)		income (loss)		net income is presented
Currency translation adjustments	$	—	$	(136,806)	Gain upon acquisition of controlling interests and sale or disposal of assets and interests in unconsolidated entities, net
		—		19,779	Net income attributable to noncontrolling interests
	$	—	$	(117,027)
Accumulated derivative gains, net	$	(2,620)	$	(2,905)	Interest expense
		—		372	Gain upon acquisition of controlling interests and sale or disposal of assets and interests in unconsolidated entities, net
		345		366	Net income attributable to noncontrolling interests
	$	(2,275)	$	(2,167)

Schedule of outstanding interest rate derivatives

As of March 31, 2017 and December 31, 2016, we had the following outstanding interest rate derivative:

	Number of	Notional
Interest Rate Derivative	Instruments	Amount
Interest Rate Swap	1	$	250.0 million

Schedule of Euro:USD forward contracts

We had the following Euro:USD forward contracts at March 31, 2017 and December 31, 2016 (in millions): 

			Asset Value as of
			March 31,		December 31,
Notional Value		Maturity Date	2017		2016
€	50.0	August 11, 2017	$	15.1	$	15.5
€	50.0	May 15, 2019		3.6		3.9
€	50.0	May 15, 2019		1.2		1.5
€	50.0	May 15, 2020		0.9		1.1
€	50.0	May 14, 2021		0.4		0.6

Simon Property Group L.P.

Significant Accounting Policies

Schedule of rollforward of nonredeemable noncontrolling interests

	For the Three Months Ended
	March 31,
	2017		2016
Noncontrolling nonredeemable interests in properties, net — beginning of period	$	5,116	$	3,456
Net income attributable to noncontrolling nonredeemable interests		675		657
Distributions to noncontrolling nonredeemable interestholders		(1,315)		(654)
Contributions by noncontrolling interests, net, and other		171		—
Noncontrolling nonredeemable interests in properties, net — end of period	$	4,647	$	3,459

Schedule of changes in components of accumulated other comprehensive income (loss) net of noncontrolling interest

The changes in accumulated other comprehensive income (loss) by component consisted of the following as of March 31, 2017:

					Net unrealized
	Currency		Accumulated		gains on
	translation		derivative		marketable
	adjustments		gains, net		securities		Total
Beginning balance	$	(181,706)	$	34,956	$	15,383	$	(131,367)
Other comprehensive income (loss) before reclassifications		13,148		(1,253)		689		12,584
Amounts reclassified from accumulated other comprehensive income		—		2,620		—		2,620
Net current-period other comprehensive income		13,148		1,367		689		15,204
Ending balance	$	(168,558)	$	36,323	$	16,072	$	(116,163)

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

	2017		2016
	Amount reclassified		Amount reclassified
Details about accumulated other	from accumulated		from accumulated
comprehensive income (loss)	other comprehensive		other comprehensive		Affected line item where
components:	income (loss)		income (loss)		net income is presented
Currency translation adjustments	$	—	$	(136,806)	Gain upon acquisition of controlling interests and sale or disposal of assets and interests in unconsolidated entities, net
	$	—	$	(136,806)
Accumulated derivative gains, net	$	(2,620)	$	(2,905)	Interest expense
		—		372	Gain upon acquisition of controlling interests and sale or disposal of assets and interests in unconsolidated entities, net
	$	(2,620)	$	(2,533)