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Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2013
Fair Value Disclosures [Abstract] |
Items Measured at Fair Value on a Recurring Basis | The Company maintains interest rate swap agreements (included in Other Liabilities) and marketable securities (included in Other Assets), which include investments in the Company’s Elective Deferred Compensation Plan (Note 15) and investments in securities measured at fair value on a recurring basis as of December 31, 2013 and 2012. The following table presents information about the Company’s financial assets and liabilities 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 |
December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative Financial Instruments |  | $ | — |  |  | $ | (3.2 | ) |  | $ | — |  |  | $ | (3.2 | )
Marketable Securities |  | $ | 7.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 7.4 |
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 December 31, 2013 and 2012, with carrying values that are different than estimated fair values, are summarized as follows (in thousands):
|  | December 31, 2013 |  |  | December 31, 2012 |
|  | Carrying Amount |  |  | Fair Value |  |  | Carrying Amount |  |  | Fair Value |
Senior notes |  | $ | 2,754,120 |  |  | $ | 2,991,698 |  |  | $ | 2,147,097 |  |  | $ | 2,503,127 |
Revolving Credit Facilities and Term Loans |  |  | 779,133 |  |  |  | 787,772 |  |  |  | 897,905 |  |  |  | 903,210 |
Mortgage indebtedness |  |  | 1,761,421 |  |  |  | 1,779,375 |  |  |  | 1,274,141 |  |  |  | 1,324,969 |
|  | $ | 5,294,674 |  |  | $ | 5,558,845 |  |  | $ | 4,319,143 |  |  | $ | 4,731,306 |
Information Regarding Swaps | The following table discloses certain information regarding the Company’s 10 outstanding interest rate swaps (not including the specified spreads), as well as their classification on the consolidated balance sheets, as of December 31, 2013 and December 31, 2012 (in millions):
|  | Aggregate Notional Amount |  |  | Counterparty Pays Variable Rate |  | DDR Pays Fixed Rate |  |  | Fair Value at December 31, |
Maturity Date |  |  |  |  | 2013 |  |  | 2012 |
|  |  |  |  |  |  |  |  |  | Asset |  |  | Liability |  |  | Asset |  |  | Liability |
June 2014 |  | $ | 100.0 |  |  | 1 Month LIBOR |  |  | 1.0 | % |  | $ | — |  |  | $ | (0.4 | ) |  | $ | — |  |  | $ | (1.2 | )
June 2015 |  | $ | 50.0 |  |  | 1 Month LIBOR |  |  | 0.6 | % |  |  | — |  |  |  | (0.2 | ) |  |  | — |  |  |  | (0.3 | )
July 2015 |  | $ | 100.0 |  |  | 1 Month LIBOR |  |  | 0.5 | % |  |  | — |  |  |  | (0.4 | ) |  |  | — |  |  |  | (0.5 | )
September 2017 |  | $ | 81.4 |  |  | 1 Month LIBOR |  |  | 2.8 | % |  |  | — |  |  |  | (5.0 | ) |  |  | — |  |  |  | (7.8 | )
January 2018 |  | $ | 100.0 |  |  | 1 Month LIBOR |  |  | 0.9 | % |  |  | 1.4 |  |  |  | — |  |  |  | — |  |  |  | (0.7 | )
February 2019 |  | $ | 100.0 |  |  | 1 Month LIBOR |  |  | 1.6 | % |  |  | 0.5 |  |  |  | — |  |  |  | — |  |  |  | (3.5 | )
February 2019 |  | $ | 100.0 |  |  | 1 Month LIBOR |  |  | 1.5 | % |  |  | 0.9 |  |  |  | — |  |  |  | — |  |  |  | (3.1 | )
Other Assets |  |  |  |  |  |  |  |  |  |  |  | $ | 2.8 |  |  |  | N/A |  |  | $ | — |  |  |  | N/A |
Accounts Payable |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |  | $ | (6.0 | ) |  |  | N/A |  |  | $ | (17.1 | )
Effect of Company's Derivative Instruments on Net Income (Loss) | The effect of the Company’s cash flow hedges and net investment hedge instruments on net loss and OCI is as follows (in millions):
|  | Amount of Gain (Loss) Recognized in OCI (Effective Portion) |  |  | Location of Gain (Loss) Reclassified from Accumulated OCI (Effective Portion) |  | Amount of Gain (Loss) Reclassified from Accumulated OCI (Effective Portion) |
|  | Year Ended December 31, |  |  |  | Year Ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |  |  |  | 2013 |  |  | 2012 |  |  | 2011 |
Cash flow hedges |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | $ | (13.9 | ) |  | $ | (8.3 | ) |  | $ | (3.6 | ) |  | Interest Expense |  | $ | (0.4 | ) |  | $ | (0.9 | ) |  | $ | (0.1 | )
Net Investment Hedge Derivative Instruments on OCI |
|  | Amount of Gain (Loss) Recognized in OCI (Effective Portion) |  |  | Location of Gain (Loss) Reclassified from Accumulated OCI (Effective Portion) |  |  | Amount of Gain (Loss) Reclassified from Accumulated OCI (Effective Portion) |
|  | Year Ended December 31, |  |  |  | Year Ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |  |  |  | 2013 |  |  | 2012 |  |  | 2011 |
Net investment hedges |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Euro-denominated |  | $ | (0.2 | ) |  | $ | — |  |  | $ | (0.2 | ) |  |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Canadian dollar-denominated |  |  | 1.7 |  |  |  | — |  |  |  | (0.4 | ) |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |
Total: |  | $ | 1.5 |  |  | $ | — |  |  | $ | (0.6 | ) |  |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |

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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 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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