Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2018

Significant Accounting Policies

Schedule of carrying amount of noncontrolling interests

	As of		As of
	March 31,		December 31,
	2018		2017
Limited partners’ interests in the Operating Partnership	$	523,630	$	548,858
Nonredeemable noncontrolling interests in properties, net		3,800		3,738
Total noncontrolling interests reflected in equity	$	527,430	$	552,596

Schedule of rollforward of nonredeemable noncontrolling interests

	For the Three Months Ended
	March 31,
	2018		2017
Noncontrolling interests, beginning of period	$	552,596	$	649,464
Net income attributable to noncontrolling interests after preferred distributions and income attributable to redeemable noncontrolling interests in consolidated properties		94,176		72,945
Distributions to noncontrolling interest holders		(92,012)		(84,221)
Other comprehensive (loss) income allocable to noncontrolling interests:
Unrealized loss on derivative hedge agreements		(804)		(143)
Net loss reclassified from accumulated other comprehensive loss into earnings		283		345
Currency translation adjustments		1,663		1,618
Changes in available-for-sale securities and other		(38)		101
		1,104		1,921
Adjustment to limited partners’ interest from change in ownership in the Operating Partnership		(36,221)		(33,235)
Units exchanged for common shares		(70)		(12)
Units redeemed		(474)		—
Long-term incentive performance units		8,307		14,705
Contributions by noncontrolling interests, net, and other		24		171
Noncontrolling interests, end of period	$	527,430	$	621,738

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

					Net unrealized
	Currency		Accumulated		losses on
	translation		derivative		marketable
	adjustments		gains, net		securities		Total
Beginning balance	$	(118,138)	$	8,055	$	(370)	$	(110,453)
Other comprehensive income (loss) before reclassifications		11,429		(5,343)		(251)		5,835
Amounts reclassified from accumulated other comprehensive income (loss)		—		1,871		—		1,871
Net current-period other comprehensive income (loss)		11,429		(3,472)		(251)		7,706
Ending balance	$	(106,709)	$	4,583	$	(621)	$	(102,747)

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

	2018		2017
	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
Accumulated derivative losses, net	$	(2,153)	$	(2,620)	Interest expense
		282		345	Net income attributable to noncontrolling interests
	$	(1,871)	$	(2,275)

Schedule of Euro:USD forward contracts

We had the following Euro:USD forward contracts at March 31, 2018 and December 31, 2017 (in millions):

			Asset (Liability) Value as of
			March 31,		December 31,
Notional Value		Maturity Date	2018		2017
€	65.0	May 15, 2018		0.9		—
€	50.0	May 15, 2019		(3.9)		(2.4)
€	50.0	May 15, 2019		(6.4)		(4.9)
€	50.0	May 15, 2020		(7.0)		(5.2)
€	50.0	May 14, 2021		(7.4)		(5.5)

Simon Property Group, L.P.

Significant Accounting Policies

Schedule of rollforward of nonredeemable noncontrolling interests

	For the Three Months Ended
	March 31,
	2018		2017
Noncontrolling nonredeemable interests in properties, net — beginning of period	$	3,738	$	5,116
Net income attributable to noncontrolling nonredeemable interests		527		675
Distributions to noncontrolling nonredeemable interestholders		(489)		(1,315)
Contributions by noncontrolling nonredeemable interests, net, and other		24		171
Noncontrolling nonredeemable interests in properties, net — end of period	$	3,800	$	4,647

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

					Net unrealized
	Currency		Accumulated		losses on
	translation		derivative		marketable
	adjustments		gains, net		securities		Total
Beginning balance	$	(135,940)	$	9,263	$	(425)	$	(127,102)
Other comprehensive income (loss) before reclassifications		13,092		(6,146)		(289)		6,657
Amounts reclassified from accumulated other comprehensive income (loss)		—		2,153		—		2,153
Net current-period other comprehensive income (loss)		13,092		(3,993)		(289)		8,810
Ending balance	$	(122,848)	$	5,270	$	(714)	$	(118,292)

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

	2018		2017
	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
Accumulated derivative losses, net	$	(2,153)	$	(2,620)	Interest expense