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Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2014
Fair Value Disclosures [Abstract] |
Items Measured at Fair Value on a Recurring Basis | The Company maintains interest rate swap agreements (included in Other Assets and Other Liabilities) and marketable equity securities (included in Other Assets), which include investments in the Company’s Elective Deferred Compensation Plan (Note 15) as of December 31, 2014 and 2013, and investments in securities measured at fair value on a recurring basis as of December 31, 2013. 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, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments |  | $ | — |  |  | $ | (4.3 | ) |  | $ | — |  |  | $ | (4.3 | )
Marketable equity securities |  | $ | 3.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 3.7 |
December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments |  | $ | — |  |  | $ | (3.2 | ) |  | $ | — |  |  | $ | (3.2 | )
Marketable equity securities |  | $ | 7.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 7.4 |
Debt Instruments with Carrying Values Different than Estimated Fair Values | Debt instruments at December 31, 2014 and 2013, with carrying values that are different than estimated fair values, are summarized as follows (in thousands):
| December 31, 2014 |  |  | December 31, 2013 |
| Carrying Amount |  |  | Fair Value |  |  | Carrying Amount |  |  | Fair Value |
Senior Notes | $ | 2,765,893 |  |  | $ | 3,011,374 |  |  | $ | 2,754,120 |  |  | $ | 2,991,698 |
Revolving Credit Facilities and Term Loans |  | 779,009 |  |  |  | 786,922 |  |  |  | 779,133 |  |  |  | 787,772 |
Mortgage indebtedness |  | 1,689,805 |  |  |  | 1,741,855 |  |  |  | 1,761,421 |  |  |  | 1,779,375 |
| $ | 5,234,707 |  |  | $ | 5,540,151 |  |  | $ | 5,294,674 |  |  | $ | 5,558,845 |
Information Regarding Swaps | As of December 31, 2014 and 2013, the notional amount of the Swaps was $530.0 million and $631.4 million, respectively. The following table discloses certain information regarding the Company’s Swaps (nine at December 31, 2014, not including the specified spreads), as well as their classification on the consolidated balance sheets, as of December 31, 2014 and 2013 (in millions):
|  | Aggregate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Notional |  |  | Counterparty |  | DDR Pays |  |  | Fair Value |
|  | Amount at |  |  | Pays Variable |  | Fixed |  |  | December 31, 2014 |  |  | December 31, 2013 |
Maturity Date |  | December 31, 2014 |  |  | Rate |  | Rate |  |  | Asset |  |  | Liability |  |  | Asset |  |  | Liability |
June 2014 |  | N/A |  |  | 1 Month LIBOR |  |  | 1.0% |  |  | N/A |  |  | N/A |  |  | $ | — |  |  | $ | (0.4 | )
June 2015 |  | $ | 50.0 |  |  | 1 Month LIBOR |  |  | 0.6% |  |  | $ | — |  |  | $ | (0.1 | ) |  |  | — |  |  |  | (0.2 | )
July 2015 |  |  | 100.0 |  |  | 1 Month LIBOR |  |  | 0.5% |  |  |  | — |  |  |  | (0.2 | ) |  |  | — |  |  |  | (0.4 | )
September 2017 |  |  | 80.0 |  |  | 1 Month LIBOR |  |  | 2.8% |  |  |  | — |  |  |  | (3.8 | ) |  |  | — |  |  |  | (5.0 | )
January 2018 |  |  | 100.0 |  |  | 1 Month LIBOR |  |  | 0.9% |  |  |  | 0.7 |  |  |  | — |  |  |  | 1.4 |  |  |  | — |
February 2019 |  |  | 100.0 |  |  | 1 Month LIBOR |  |  | 1.6% |  |  |  | — |  |  |  | (0.6 | ) |  |  | 0.5 |  |  |  | — |
February 2019 |  |  | 100.0 |  |  | 1 Month LIBOR |  |  | 1.5% |  |  |  | — |  |  |  | (0.3 | ) |  |  | 0.9 |  |  |  | — |
Other Assets |  |  |  |  |  |  |  |  |  |  |  | $ | 0.7 |  |  | N/A |  |  | $ | 2.8 |  |  | N/A |
Accounts Payable |  |  |  |  |  |  |  |  |  |  |  | N/A |  |  | $ | (5.0 | ) |  | N/A |  |  | $ | (6.0 | )
Effect of Company's Derivative Instruments on Net Income (Loss) and OCI | The effect of the Company’s cash flow hedges on net income (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
| For the Year Ended December 31, |  |  | (Effective
| 2014 |  |  | 2013 |  |  | 2012 |  |  | Portion)
Interest rate contracts | $ | (1.0 | ) |  | $ | 13.9 |  |  | $ | (8.3 | ) |  | Interest Expense

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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=36462937&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=35750535&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=35750535&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=35750535&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=35706170&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=35706170&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=36462937&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=35706170&loc=SL5579245-113959 + Details
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