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ASSET RETIREMENT OBLIGATION: (Tables)
12 Months Ended
Dec. 31, 2019
ASSET RETIREMENT OBLIGATION:  
Summary of asset retirement obligation activity

The following table summarizes the asset retirement obligation activity for years ended December 31, 2019 and 2018 (in millions):

    

2019

    

2018

Balance as of January 1

$

217.7

$

222.5

Changes in estimates

 

36.4

 

(15.6)

Closure payments

 

(5.3)

 

(0.6)

Accretion expense

 

13.5

 

11.4

Balance as of December 31, 

$

262.3

$

217.7