Simon 2021 Annual Report

Simon Property Group, Inc. Simon Property Group, L.P. Notes to Consolidated Financial Statements (Dollars in thousands, except share, per share, unit and per unit amounts and where indicated as in millions or billions)

Accumulated Other Comprehensive Income (Loss) Simon The total accumulated other comprehensive income (loss) related to Simon’s currency translation adjustment was ($175.1) million, ($136.2) million and ($160.4) million as of December 31, 2021, 2020 and 2019, respectively. The reclassifications out of accumulated other comprehensive income (loss) consisted of the following as of December 31:

Affected line item where net income is presented Gain (loss) on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net Net income attributable to noncontrolling interests

2021

2020

2019

Currency translation adjustments . . . .

5,660 $

$

(1,739) $

—

(712)

219

— —

4,948 $

$

(1,520)

Accumulated derivative gains (losses), net . . . . . . . . . . . . . . . . . . . $

1,625 $

1,845 $ (2,782) Interest expense

Loss on extinguishment of debt Net income attributable to noncontrolling interests

—

—

(10,852)

(204)

(232)

1,802

1,421 $

$

1,613 $ (11,832)

The Operating Partnership The total accumulated other comprehensive income (loss) related to the Operating Partnership’s currency translation adjustment was ($200.2) million, ($155.8) million and ($184.8) million as of December 31, 2021, 2020 and 2019, respectively. The reclassifications out of accumulated other comprehensive income (loss) consisted of the following as of December 31:

Affected line item where net income is presented Gain (loss) on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net

2021

2020

2019

Currency translation adjustments . . . .

5,660 $

$

(1,739) $

—

Accumulated derivative gains (losses), net . . . . . . . . . . . . . . . . . . . $

1,625 $

1,845 $ (2,782) Interest expense

Loss on extinguishment of debt

—

—

(10,852)

1,625 $

$

1,845 $ (13,634)

107