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Comprehensive Loss
 12 Months Ended
Dec. 31, 2018
Comprehensive Loss [Abstract]  
Comprehensive Loss

(15) Comprehensive Loss:

Comprehensive income (loss) consists of net income (loss) and other gains and losses affecting shareholders’ investment and pension/postretirement benefit (OPEB) liabilities that, under GAAP, are excluded from net income (loss).



The components of accumulated other comprehensive loss, net of tax at December 31, 2018, 2017 and 2016, and changes for the years then ended, are as follows:





 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



($ in millions)

 

Pension Costs

 

OPEB Costs

 

Total

 



Balance at December 31, 2015 (a)

 

$

 (363)

 

$

 10 

 

$

 (353)

 



Other comprehensive income (loss) before

 

 

 

 

 

 

 

 

 

 



reclassifications

 

 

 (65)

 

 

 11 

 

 

 (54)

 



 

 

 

 

 

 

 

 

 

 

 



Amounts reclassified from accumulated

 

 

 

 

 

 

 

 

 

 



other comprehensive income (loss)

 

 

 25 

 

 

 (5)

 

 

 20 

 



 

 

 

 

 

 

 

 

 

 

 



Net current-period other comprehensive income (loss)

 

 

 (40)

 

 

 6 

 

 

 (34)

 



 

 

 

 

 

 

 

 

 

 

 



Balance at December 31, 2016 (a)

 

 

 (403)

 

 

 16 

 

 

 (387)

 



 

 

 

 

 

 

 

 

 

 

 



Other comprehensive income (loss) before

 

 

 

 

 

 

 

 

 

 



reclassifications

 

 

 (12)

 

 

 (31)

 

 

 (43)

 



 

 

 

 

 

 

 

 

 

 

 



Amounts reclassified from accumulated

 

 

 

 

 

 

 

 

 

 



other comprehensive income (loss)

 

 

 70 

 

 

 (6)

 

 

 64 

 



 

 

 

 

 

 

 

 

 

 

 



Net current-period other comprehensive income (loss)

 

 

 58 

 

 

 (37)

 

 

 21 

 



 

 

 

 

 

 

 

 

 

 

 



Balance at December 31, 2017 (a)

 

 

 (345)

 

 

 (21)

 

 

 (366)

 



 

 

 

 

 

 

 

 

 

 

 



Other comprehensive income (loss) before

 

 

 

 

 

 

 

 

 

 



reclassifications

 

 

 (191)

 

 

 51 

 

 

 (140)

 



 

 

 

 

 

 

 

 

 

 

 



Amounts reclassified from accumulated

 

 

 

 

 

 

 

 

 

 



other comprehensive income (loss)

 

 

 47 

 

 

 (4)

 

 

 43 

 



 

 

 

 

 

 

 

 

 

 

 



Net current-period other comprehensive income (loss)

 

 

 (144)

 

 

 47 

 

 

 (97)

 



 

 

 

 

 

 

 

 

 

 

 



Balance at December 31, 2018 (a)

 

$

 (489)

 

$

 26 

 

$

 (463)

 



 

 

 

 

 

 

 

 

 

 

 



(a)

Pension and OPEB amounts are net of deferred tax balances of $250 million, $223 million, $231 million and $211 million as of December 31, 2018, 2017, 2016, and 2015, respectively.



As a result of the pension settlement accounting discussed in Note 18, Frontier recorded pension settlement charges totaling $41 million ($31 million net of tax) and $83 million ($51 million net of tax), which were reclassified from accumulated Other comprehensive income (loss) during 2018 and 2017, respectively.



As a result of the CTF Acquisition, the Frontier Communications Pension Plan (the Plan) was remeasured. This remeasurement resulted in a decrease in the discount rate from 4.50% at December 31, 2015 to 4.00% at the date of the CTF Acquisition. This change in the discount rate resulted in a remeasurement charge to Other comprehensive income (loss) of $105 million during 2016.



The significant items reclassified from each component of accumulated other comprehensive loss for the years ended December 31, 2018, 2017 and 2016 are as follows:









 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

Amount Reclassified from

 

 



($ in millions)

 

Accumulated Other Comprehensive Loss (a)

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

Affected Line Item in the

 



Details about Accumulated Other

 

 

 

 

 

 

 

 

 

 

Statement where

 



Comprehensive Loss Components

 

2018

 

2017

 

2016

 

Net loss is Presented

 



 

 

 

 

 

 

 

 

 

 

 

 

 



Amortization of Pension Cost Items (b)

 

 

 

 

 

 

 

 

 

 

 

 



Actuarial gains (losses)

 

$

 (24)

 

$

 (30)

 

$

 (40)

 

 

 



Pension settlement costs

 

 

 (41)

 

 

 (83)

 

 

 -

 

 

 



Reclassifications, pretax

 

 

 (65)

 

 

 (113)

 

 

 (40)

 

Loss before income taxes

 



Tax Impact

 

 

 18 

 

 

 43 

 

 

 15 

 

Income tax (expense) benefit

 



Reclassifications, net of tax

 

$

 (47)

 

$

 (70)

 

$

 (25)

 

Net loss

 



 

 

 

 

 

 

 

 

 

 

 

 

 



Amortization of OPEB Cost Items (b)

 

 

 

 

 

 

 

 

 

 

 

 



Prior-service credits (costs)

 

$

 9 

 

$

 9 

 

$

 9 

 

 

 



Actuarial gains (losses)

 

 

 (3)

 

 

 -

 

 

 (1)

 

 

 



Reclassifications, pretax

 

 

 6 

 

 

 9 

 

 

 8 

 

Loss before income taxes

 



Tax impact

 

 

 (2)

 

 

 (3)

 

 

 (3)

 

Income tax (expense) benefit

 



Reclassifications, net of tax

 

$

 4 

 

$

 6 

 

$

 5 

 

Net loss

 



 

 

 

 

 

 

 

 

 

 

 

 

 









(a) Amounts in parentheses indicate losses.

(b) These accumulated other comprehensive loss components are included in the computation of net periodic pension and OPEB costs (see Note 18 - Retirement Plans for additional details).