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Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2015
Fair Value Disclosures [Abstract]  
Items Measured at Fair Value on a Recurring Basis

The Company maintains interest rate swap agreements (included in Other Liabilities) and marketable equity securities (included in Other Assets), which include investments in the Company’s elective deferred compensation plan as of September 30, 2015 and December 31, 2014.  The following table presents information about the Company’s financial assets and liabilities and indicates the fair value hierarchy of the valuation techniques used by the Company to determine such fair value (in millions):

 

 

 

Fair Value Measurements

 

Assets (Liabilities):

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

September 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Financial Instruments

 

$

 

 

$

(3.3

)

 

$

 

 

$

(3.3

)

Marketable Securities

 

$

3.1

 

 

$

 

 

$

 

 

$

3.1

 

December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Financial Instruments

 

$

 

 

$

(4.3

)

 

$

 

 

$

(4.3

)

Marketable Securities

 

$

3.7

 

 

$

 

 

$

 

 

$

3.7

 

 

Debt Instruments with Carrying Values Different than Estimated Fair Values

Debt instruments at September 30, 2015 and December 31, 2014, with carrying values that are different than estimated fair values, are summarized as follows (in thousands):

 

 

September 30, 2015

 

 

December 31, 2014

 

 

Carrying

Amount

 

 

Fair

Value

 

 

Carrying

Amount

 

 

Fair

Value

 

Senior Notes

$

3,118,656

 

 

$

3,276,118

 

 

$

2,765,893

 

 

$

3,011,374

 

Revolving Credit Facilities and Term Loans

 

895,000

 

 

 

896,899

 

 

 

779,009

 

 

 

786,922

 

Mortgage Indebtedness

 

1,209,921

 

 

 

1,239,663

 

 

 

1,689,805

 

 

 

1,741,855

 

 

$

5,223,577

 

 

$

5,412,680

 

 

$

5,234,707

 

 

$

5,540,151