Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2019

Significant Accounting Policies

Schedule of carrying amount of noncontrolling interests

	As of		As of
	March 31,		December 31,
	2019		2018
Limited partners’ interests in the Operating Partnership	$	479,989	$	492,877
Nonredeemable noncontrolling interests in properties, net		6,994		7,398
Total noncontrolling interests reflected in equity	$	486,983	$	500,275

Schedule of rollforward of noncontrolling interests

	For the Three Months Ended
	March 31,
	2019		2018
Noncontrolling interests, beginning of period	$	500,275	$	552,596
Net income attributable to noncontrolling interests after preferred distributions and income attributable to redeemable noncontrolling interests in consolidated properties		83,224		94,176
Distributions to noncontrolling interest holders		(96,562)		(92,012)
Other comprehensive (loss) income allocable to noncontrolling interests:
Unrealized gain (loss) on derivative hedge agreements		1,227		(804)
Net loss reclassified from accumulated other comprehensive loss into earnings		143		283
Currency translation adjustments		(614)		1,663
Changes in available-for-sale securities and other		19		(38)
		775		1,104
Adjustment to limited partners’ interest from change in ownership in the Operating Partnership		(4,167)		(36,221)
Units exchanged for common shares		(253)		(70)
Units redeemed		(8)		(474)
Long-term incentive performance units		3,701		8,307
Contributions by noncontrolling interests, net, and other		(2)		24
Noncontrolling interests, end of period	$	486,983	$	527,430

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

					Net unrealized
	Currency		Accumulated		(losses) gains
	translation		derivative		on marketable
	adjustments		gains, net		securities		Total
Beginning balance	$	(158,904)	$	32,933	$	(46)	$	(126,017)
Other comprehensive (loss) income before reclassifications		(4,130)		8,115		125		4,110
Amounts reclassified from accumulated other comprehensive income (loss)		—		945		—		945
Net current-period other comprehensive (loss) income		(4,130)		9,060		125		5,055
Ending balance	$	(163,034)	$	41,993	$	79	$	(120,962)

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

	2019		2018
	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	$	(1,088)	$	(2,153)	Interest expense
		143		282	Net income attributable to noncontrolling interests
	$	(945)	$	(1,871)

Schedule of Euro:USD forward contracts

We had the following Euro:USD forward contracts designated as net investment hedges at March 31, 2019 and December 31, 2018 (in millions):

			Asset (Liability) Value as of
			March 31,		December 31,
Notional Value		Maturity Date	2019		2018
€	50.0	May 15, 2019		—		(0.8)
€	50.0	May 15, 2020		0.2		(1.5)
€	50.0	May 14, 2021		(0.3)		(2.0)

Schedule of minimum fixed lease consideration under non-cancelable tenant operating leases

2019	$	3,612,041
2020		3,329,392
2021		2,971,303
2022		2,586,127
2023		2,116,053
Thereafter		5,623,425
	$	20,238,341

Simon Property Group, L.P.

Significant Accounting Policies

Schedule of rollforward of noncontrolling interests

	For the Three Months Ended
	March 31,
	2019		2018
Noncontrolling nonredeemable interests in properties, net — beginning of period	$	7,398	$	3,738
Net income attributable to noncontrolling nonredeemable interests		148		527
Distributions to noncontrolling nonredeemable interest holders		(552)		(489)
Contributions by noncontrolling nonredeemable interests, net, and other		—		24
Noncontrolling nonredeemable interests in properties, net — end of period	$	6,994	$	3,800

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

					Net unrealized
	Currency		Accumulated		(losses) gains
	translation		derivative		on marketable
	adjustments		gains, net		securities		Total
Beginning balance	$	(182,978)	$	37,916	$	(52)	$	(145,114)
Other comprehensive (loss) income before reclassifications		(4,744)		9,342		144		4,742
Amounts reclassified from accumulated other comprehensive income (loss)		—		1,088		—		1,088
Net current-period other comprehensive (loss) income		(4,744)		10,430		144		5,830
Ending balance	$	(187,722)	$	48,346	$	92	$	(139,284)

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

	2019		2018
	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	$	(1,088)	$	(2,153)	Interest expense