Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Significant Accounting Policies

Schedule of investment properties

	2021		2020
Land	$	3,639,353	$	3,700,023
Buildings and improvements		33,857,863		33,908,615
Total land, buildings and improvements		37,497,216		37,608,638
Furniture, fixtures and equipment		435,150		441,558
Investment properties at cost		37,932,366		38,050,196
Less — accumulated depreciation		15,621,127		14,891,937
Investment properties at cost, net	$	22,311,239	$	23,158,259
Construction in progress included above	$	797,519	$	773,061

Schedule of interest capitalized

	For the Year Ended
	December 31,
	2021		2020		2019
Capitalized interest	$	31,204	$	22,917	$	33,342

Schedule of deferred costs and other assets

	2021		2020
Deferred lease costs, net	$	109,155	$	169,651
In-place lease intangibles, net		14,107		3,905
Acquired above market lease intangibles, net		19,171		31,053
Marketable securities of our captive insurance companies		60,855		40,496
Goodwill		20,098		20,098
Other marketable and non-marketable securities		359,459		351,176
Prepaids, notes receivable and other assets, net		538,166		465,789
	$	1,121,011	$	1,082,168

Schedule of deferred lease costs

	2021		2020
Deferred lease costs	$	358,287	$	407,288
Accumulated amortization		(249,132)		(237,637)
Deferred lease costs, net	$	109,155	$	169,651

Schedule of amortization of deferred leasing costs

	For the Year Ended December 31,
	2021		2020		2019
Amortization of deferred leasing costs	$	43,028	$	51,349	$	57,201

Schedule of intangible assets

	2021		2020
In-place lease intangibles	$	115,550	$	173,094
Accumulated amortization		(101,443)		(169,189)
In-place lease intangibles, net	$	14,107	$	3,905
	2021		2020
Acquired above market lease intangibles	$	133,224	$	186,620
Accumulated amortization		(114,053)		(155,567)
Acquired above market lease intangibles, net	$	19,171	$	31,053

Schedule of estimated future amortization and the increasing (decreasing) effect on lease income for above and below market leases

	Below		Above		Impact to
	Market		Market		Lease
	Leases		Leases		Income, Net
2022	$	5,957	$	(7,877)	$	(1,920)
2023		4,470		(5,511)		(1,041)
2024		3,510		(3,733)		(223)
2025		2,374		(1,564)		810
2026		1,581		(459)		1,122
Thereafter		3,721		(27)		3,694
	$	21,613	$	(19,171)	$	2,442

Schedule of Interest Rate Derivatives

	Number of	Notional
Interest Rate Derivative	Instruments	Amount
Interest Rate Swaps	2	$	375.0 million

Schedule of Euro:USD forward contracts

			Asset (Liability) Value as of
			December 31,		December 31,
Notional Value		Maturity Date	2021		2020
€	100.0	March 24, 2021		—		(3.9)
€	100.0	March 24, 2021		—		(3.8)
€	50.0	March 24, 2021		—		(2.3)
€	50.0	March 24, 2021		—		(2.2)
€	50.0	May 14, 2021		—		(2.2)
€	50.0	May 14, 2021		—		(2.2)
€	41.0	May 14, 2021		—		(1.9)
€	20.0	May 14, 2021		—		(1.7)
€	50.0	May 14, 2021		—		(2.1)
€	50.0	May 14, 2021		—		(6.4)
€	30.0	May 14, 2021		—		(2.6)
€	60.0	December 20, 2021		—		(4.2)
€	60.0	December 20, 2021		—		(4.1)
€	30.0	December 20, 2021		—		(2.2)
€	50.0	July 15, 2021		—		(0.1)
€	50.0	July 15, 2021		—		(0.1)
€	50.0	July 15, 2021		—		(0.1)
€	61.0	September 17, 2021		—		(1.3)
€	61.0	September 17, 2021		—		(1.2)
€	60.0	March 15, 2022		2.8		—
€	62.0	September 15, 2022		2.8		—
€	44.5	September 15, 2022		(0.3)		—
€	44.5	September 15, 2022		(0.4)		—
€	89.0	December 16, 2022		(0.8)		—

Schedule of carrying amount of noncontrolling interests

	2021		2020
Limited partners’ interests in the Operating Partnership	$	477,292	$	431,784
Nonredeemable noncontrolling interests in properties, net		14,241		1,090
Total noncontrolling interests reflected in equity	$	491,533	$	432,874

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

	2021		2020		2019		Affected line item where net income is presented
Currency translation adjustments	$	5,660	$	(1,739)	$	—	Gain (loss) on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net
		(712)		219		—	Net income attributable to noncontrolling interests
	$	4,948	$	(1,520)		—
Accumulated derivative gains (losses), net	$	1,625	$	1,845	$	(2,782)	Interest expense
		—		—		(10,852)	Loss on extinguishment of debt
		(204)		(232)		1,802	Net income attributable to noncontrolling interests
	$	1,421	$	1,613	$	(11,832)

Schedule of cash paid for taxes

	For the Year Ended December 31,
	2021		2020		2019
Cash paid for taxes	$	102,454	$	20,046	$	21,626

Simon Property Group, L.P.

Significant Accounting Policies

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

	2021		2020		2019		Affected line item where net income is presented
Currency translation adjustments	$	5,660	$	(1,739)	$	—	Gain (loss) on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net
Accumulated derivative gains (losses), net	$	1,625	$	1,845	$	(2,782)	Interest expense
		—		—		(10,852)	Loss on extinguishment of debt
	$	1,625	$	1,845	$	(13,634)