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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2023
Fair Value Disclosures [Abstract] |
Schedule of fair value by balance sheet groupings | The following table reflects the carrying amounts and estimated fair values of our financial instruments (in millions):
| June 30, 2023 |  | December 31, 2022
| Carrying value |  | Fair value |  | Carrying value |  | Fair value
Mortgages payable (1) | $ | 836.3 |  | $ | 812.5 |  |  | $ | 842.3 |  | $ | 810.4 |
Notes and bonds payable (2) | $ | 16,383.2 |  | $ | 14,553.6 |  |  | $ | 14,114.2 |  | $ | 12,522.8 |
(1)Excludes non-cash net premiums recorded on the mortgages payable. The unamortized balance of these net premiums was $6.0 million at June 30, 2023, and $12.4 million at December 31, 2022. Also excludes deferred financing costs of $0.7 million at June 30, 2023, and $0.8 million at December 31, 2022. (2)Excludes non-cash net premiums recorded on notes payable. The unamortized balance of the net premiums was $168.8 million at June 30, 2023, and $224.6 million at December 31, 2022. Also excludes deferred financing costs of $71.8 million and basis adjustment on interest rate swaps designated as fair value hedges of $4.6 million at June 30, 2023, and $60.7 million of deferred financing costs at December 31, 2022.
Schedule of provisions for impairment | The following table summarizes our provisions for impairment on real estate investments during the periods indicated below (in millions):
|  |  | Three months ended June 30, |  | Six months ended June 30,
|  |  |  |  | 2023 |  | 2022 |  | 2023 |  | 2022
Carrying value prior to impairment |  |  |  |  | $ | 97.0 |  |  | $ | 64.5 |  |  | $ | 125.5 |  |  | $ | 98.2 |
Less: total provisions for impairment |  |  |  |  | (29.8) |  |  | (7.7) |  |  | (43.0) |  |  | (14.7) |
Carrying value after impairment |  |  |  |  | $ | 67.2 |  |  | $ | 56.8 |  |  | $ | 82.5 |  |  | $ | 83.5 |

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- Definition Tabular disclosure for impairment of long-lived assets held and used by an entity which includes a description of the impaired long-lived asset and facts and circumstances leading to the impairment, aggregate amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired long-lived asset is reported. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.CC) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480091/360-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-2 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-11 + Details
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