v2.4.0.6

Business Segments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2011
Business Segments [Abstract] |
Segment reporting, reconciliation of revenues, operating income, and assets |
|  | Years Ended December 31, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Revenues (1): |  |  |  |  |  |  |  |  |  |  |  |
Real estate operations (2): |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 890,135 |  |  | $ | 587,911 |  |  | $ | 594,365 |
Europe |  |  | 344,249 |  |  |  | 91,458 |  |  |  | 62,477 |
Asia |  |  | 161,288 |  |  |  | 82,692 |  |  |  | 45,129 |
Total Real Estate Operations segment |  |  | 1,395,672 |  |  |  | 762,061 |  |  |  | 701,971 |
Private capital (3): |  |  |  |  |  |  |  |  |  |  |  |
Americas |  |  | 76,872 |  |  |  | 66,653 |  |  |  | 67,964 |
Europe |  |  | 46,087 |  |  |  | 54,835 |  |  |  | 50,814 |
Asia |  |  | 14,660 |  |  |  | 1,038 |  |  |  | 26,185 |
Total private capital segment |  |  | 137,619 |  |  |  | 122,526 |  |  |  | 144,963 |
CDFS business (4): |  |  |  |  |  |  |  |  |  |  |  |
Asia |  |  | - |  |  |  | - |  |  |  | 180,237 |
Total CDFS business segment |  |  | - |  |  |  | - |  |  |  | 180,237 |
Total revenues |  | $ | 1,533,291 |  |  | $ | 884,587 |  |  | $ | 1,027,171 |
Net operating income: |  |  |  |  |  |  |  |  |  |  |  |
Real estate operations (5): |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 614,560 |  |  | $ | 419,611 |  |  | $ | 415,923 |
Europe |  |  | 249,342 |  |  |  | 49,975 |  |  |  | 17,009 |
Asia |  |  | 123,087 |  |  |  | 60,912 |  |  |  | 30,913 |
Total Real Estate Operations segment |  |  | 986,989 |  |  |  | 530,498 |  |  |  | 463,845 |
Private capital (3)(6): |  |  |  |  |  |  |  |  |  |  |  |
Americas |  |  | 42,644 |  |  |  | 40,354 |  |  |  | 44,284 |
Europe |  |  | 30,708 |  |  |  | 41,200 |  |  |  | 34,508 |
Asia |  |  | 9,305 |  |  |  | 313 |  |  |  | 22,755 |
Total private capital segment |  |  | 82,657 |  |  |  | 81,867 |  |  |  | 101,547 |
CDFS business (4): |  |  |  |  |  |  |  |  |  |  |  |
Asia |  |  | - |  |  |  | - |  |  |  | 180,237 |
Total CDFS business segment |  |  | - |  |  |  | - |  |  |  | 180,237 |
Total segment net operating income |  |  | 1,069,646 |  |  |  | 612,365 |  |  |  | 745,629 |
Reconciling items: |  |  |  |  |  |  |  |  |  |  |  |
General and administrative expenses |  |  | (195,161) |  |  |  | (165,981) |  |  |  | (192,231) |
Merger, acquisition and other integration expenses |  |  | (140,495) |  |  |  | - |  |  |  | - |
Impairment of real estate properties |  |  | (21,237) |  |  |  | (736,612) |  |  |  | (331,592) |
Depreciation and amortization expense |  |  | (585,323) |  |  |  | (311,268) |  |  |  | (266,364) |
Earnings from unconsolidated investees, net |  |  | 59,935 |  |  |  | 23,678 |  |  |  | 28,059 |
Interest expense |  |  | (468,738) |  |  |  | (461,166) |  |  |  | (372,768) |
Impairment of goodwill and other assets |  |  | (126,432) |  |  |  | (412,745) |  |  |  | (163,644) |
Interest and other income (expense), net |  |  | 12,008 |  |  |  | 15,847 |  |  |  | (39,349) |
Gains on acquisitions and dispositions of investments in real estate, net |  |  | 111,684 |  |  |  | 28,488 |  |  |  | 35,262 |
Foreign currency exchange and derivative gains (losses), net |  |  | 41,172 |  |  |  | (11,081) |  |  |  | 35,626 |
Gain (loss) on early extinguishment of debt, net |  |  | 258 |  |  |  | (201,486) |  |  |  | 172,258 |
Total reconciling items |  |  | (1,312,329) |  |  |  | (2,232,326) |  |  |  | (1,094,743) |
Loss before income taxes |  | $ | (242,683) |  |  | $ | (1,619,961) |  |  | $ | (349,114) |
|  | December 31, |
|  | 2011 |  |  | 2010 |
Assets: |  |  |  |  |  |  |  |
Real estate operations (7): |  |  |  |  |  |  |  |
Americas |  | $ | 13,305,147 |  |  | $ | 7,299,644 |
Europe |  |  | 6,823,814 |  |  |  | 2,619,455 |
Asia |  |  | 3,502,033 |  |  |  | 1,889,879 |
Total Real Estate Operations segment |  |  | 23,630,994 |  |  |  | 11,808,978 |
Private capital (8): |  |  |  |  |  |  |  |
Americas |  |  | 43,394 |  |  |  | 14,300 |
Europe |  |  | 61,946 |  |  |  | 28,424 |
Asia |  |  | 9,368 |  |  |  | - |
Total private capital segment |  |  | 114,708 |  |  |  | 42,724 |
Total segment assets |  |  | 23,745,702 |  |  |  | 11,851,702 |
Reconciling items: |  |  |  |  |  |  |  |
Investments in and advances to other unconsolidated investees |  |  | 2,857,755 |  |  |  | 2,024,661 |
Notes receivable backed by real estate |  |  | 322,834 |  |  |  | 302,144 |
Assets held for sale (9) |  |  | 444,850 |  |  |  | 574,791 |
Cash and cash equivalents |  |  | 176,072 |  |  |  | 37,634 |
Other assets |  |  | 176,699 |  |  |  | 111,735 |
Total reconciling items |  |  | 3,978,210 |  |  |  | 3,050,965 |
Total assets |  | $ | 27,723,912 |  |  | $ | 14,902,667 |
(1) | Includes revenues attributable to the United States for the years ended December 31, 2011, 2010 and 2009 of $891.1 million, $611.4 million and $588.3 million, respectively.
(2) | Includes rental income of our industrial properties and land subject to ground leases, as well as development management and other income.
(3) | Includes revenues earned from managing our unconsolidated entities.
(4) | In 2009, includes the recognition of gains previously deferred from CDFS contributions to the Japan property funds due to our sale of these investments in February 2009.
(5) | Includes rental income less rental expenses of our industrial properties and land subject to ground leases, as well as development management and other income less related expenses.
(6) | Amounts are reduced by the direct costs we incur to manage the unconsolidated investees and certain third parties that are presented as Private Capital Expenses in our Consolidated Statements of Operations.
(7) | Includes long-lived assets attributable to the United States as of December 31, 2011 and 2010 of $11.8 billion and $8.6 billion, respectively.
(8) | Represents management contracts recorded in connection with business combinations and goodwill associated with the Private Capital segment.
(9) | Of the amounts, net of impairments, that were reclassified to Assets Held for Sale at December 31, 2011, $444.9 million was reclassified from the Real Estate Operations segment (Americas - $79.1 million, Europe - $332.5 million and Asia - $33.3 million). Of the amounts, net of impairments, that were reclassified to Assets Held for Sale at December 31, 2010, $554.2 million was reclassified from the Real Estate Operations segment (Americas - $470.5 million, Europe - $18.2 million and Asia - $65.5 million) and $20.6 million, all in the Americas, was not allocated to a segment.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 27, 28 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6905597&loc=d3e13816-109267 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration