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Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2013
Fair Value Disclosures [Abstract] |
Items Measured at Fair Value on a Recurring Basis | The following table presents information about the Company’s financial assets and liabilities, which consist of interest rate swap agreements (included in Other Liabilities) and marketable securities (included in Other Assets) from investments in the Company’s elective deferred compensation plan at June 30, 2013 and December 31, 2012, measured at fair value on a recurring basis as of June 30, 2013 and December 31, 2012, 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 |
June 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments |  | $ | — |  |  | $ | (4.4 | ) |  | $ | — |  |  | $ | (4.4 | )
Marketable securities |  | $ | 3.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 3.2 |
December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments |  | $ | — |  |  | $ | (17.1 | ) |  | $ | — |  |  | $ | (17.1 | )
Marketable securities |  | $ | 2.9 |  |  | $ | — |  |  | $ | — |  |  | $ | 2.9 |
Debt Instruments with Carrying Values Different than Estimated Fair Values | Debt instruments at June 30, 2013 and December 31, 2012, with carrying values that are different than estimated fair values, are summarized as follows (in thousands):
|  | June 30, 2013 |  |  | December 31, 2012 |
|  | Carrying Amount |  |  | Fair Value |  |  | Carrying Amount |  |  | Fair Value |
Senior notes |  | $ | 2,450,592 |  |  | $ | 2,692,996 |  |  | $ | 2,147,097 |  |  | $ | 2,503,127 |
Revolving Credit Facilities and term loans |  |  | 784,662 |  |  |  | 786,667 |  |  |  | 897,905 |  |  |  | 903,210 |
Mortgage indebtedness |  |  | 1,209,170 |  |  |  | 1,225,014 |  |  |  | 1,274,141 |  |  |  | 1,324,969 |
|  | $ | 4,444,424 |  |  | $ | 4,704,677 |  |  | $ | 4,319,143 |  |  | $ | 4,731,306 |
Information Regarding Swaps | The following table discloses certain information regarding the Company’s ten outstanding interest rate swaps (not including the specified spreads):
Aggregate Notional Amount (in millions) |  |  | LIBOR Fixed Rate |  |  | Maturity Date
$ | 100.0 |  |  |  | 1.0 | % |  | June 2014
$ | 50.0 |  |  |  | 0.6 | % |  | June 2015
$ | 100.0 |  |  |  | 0.5 | % |  | July 2015
$ | 82.1 |  |  |  | 2.8 | % |  | September 2017
$ | 100.0 |  |  |  | 0.9 | % |  | January 2018
$ | 100.0 |  |  |  | 1.6 | % |  | February 2019
$ | 100.0 |  |  |  | 1.5 | % |  | February 2019
Fair Value of Company's Swaps and their Classification | The table below presents the fair value of the Company’s Swaps as well as their classification on the condensed consolidated balance sheets as of June 30, 2013 and December 31, 2012, as follows (in millions):
|  | Liability Derivatives |
|  | June 30, 2013 |  |  | December 31, 2012 |
Derivatives Designated as Hedging Instruments |  | Balance Sheet Location |  | Fair Value |  |  | Balance Sheet Location |  | Fair Value |
Interest rate products |  | Other liabilities |  | $ | 4.4 |  |  | Other liabilities |  | $ | 17.1 |
Effect of Company's Derivative Instruments on Net Income (Loss) | The effect of the Company’s derivative instruments on net income (loss) is as follows (in millions):
Derivatives in Cash Flow Hedging |  | Amount of Gain (Loss) Recognized in OCI on Derivatives (Effective Portion) |  |  | Location of Gain (Loss) Reclassified from Accumulated OCI (Effective Portion) |  | Amount of Gain (Loss) Reclassified from Accumulated OCI (Effective Portion) |
| Three-Month Periods Ended June 30 |  |  | Six-Month Periods Ended June 30 |  |  |  | Three-Month Periods Ended June 30 |  |  | Six-Month Periods Ended June 30 |
| 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |  |  |  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Interest rate products |  | $ | 10.9 |  |  | $ | (7.6 | ) |  | $ | 12.6 |  |  | $ | (6.3 | ) |  | Interest expense |  | $ | (0.1 | ) |  | $ | (0.2 | ) |  | $ | (0.2 | ) |  | $ | (0.2 | )
Net Investment Hedge Derivative Instruments on OCI | The effect of the Company’s net investment hedge derivative instruments on OCI is as follows (in millions):
|  | Amount of Gain (Loss) Recognized in OCI on Derivatives (Effective Portion) |
|  | Three-Month Periods Ended June 30, |  |  | Six-Month Periods Ended June 30, |
Derivatives in Net Investment Hedging Relationships |  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Euro-denominated revolving credit facilities designated as a hedge of the Company’s net investment in its subsidiary |  | $ | (0.1 | ) |  | $ | 0.4 |  |  | $ | 0.1 |  |  | $ | 0.3 |
Canadian dollar-denominated revolving credit facilities designated as a hedge of the Company’s net investment in its subsidiaries |  | $ | 0.9 |  |  | $ | 1.7 |  |  | $ | 1.3 |  |  | $ | 0.4 |

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13433-108611 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13476-108611 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 + Details
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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19190-110258 + Details
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- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579245-113959 + Details
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