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ASSET RETIREMENT OBLIGATION: (Tables)
3 Months Ended
Mar. 31, 2018
ASSET RETIREMENT OBLIGATION:  
Summary of asset retirement obligation activity

 

The following table summarizes the asset retirement obligation activity for the three months ended March 31, 2018 and 2017 (in millions):

 

 

 

2018

 

2017

 

Balance as of January 1

 

$

222.5

 

$

216.5

 

Changes in estimates

 

(5.2

)

 

Payments

 

 

(0.3

)

Accretion expense

 

3.2

 

6.1

 

 

 

 

 

 

 

Balance as of March 31,

 

$

220.5

 

$

222.3