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Financial Instruments (Tables)

12 Months Ended

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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Effects of net investment hedges on OCI.

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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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.

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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).

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Tabular disclosure of the notional amounts of outstanding derivative positions.

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