Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2013

Other Comprehensive Income (Loss) [Abstract]

Components And Allocated Tax Effects Of Other Comprehensive Income (Loss)

The components and allocated tax effects of other comprehensive income (loss) are as follows:

	Before-Tax			Tax Expense (Benefit)			After-Tax
	(In thousands)
Three Months Ended March 31, 2013
Unrealized gain, net of reclassifications from sale or maturity, on available-for-sale securities	$	16		$	8		$	8
Unrealized gain on hedging activities	18,297			6,809			11,488
Actuarial loss on post-retirement healthcare plan reclassified to net income upon partial plan settlement	1,726			671			1,055
Other comprehensive income	20,039			7,488			12,551
Less other comprehensive income attributable to noncontrolling interest	792			—			792
Other comprehensive income attributable to HollyFrontier stockholders	$	19,247		$	7,488		$	11,759
Three Months Ended March 31, 2012
Unrealized gain, net of reclassifications from sale or maturity, on available-for-sale securities	$	188		$	74		$	114
Unrealized loss on hedging activities	(155,615		)	(60,744		)	(94,871		)
Other comprehensive loss	(155,427		)	(60,670		)	(94,757		)
Less other comprehensive income attributable to noncontrolling interest	537			—			537
Other comprehensive loss attributable to HollyFrontier stockholders	$	(155,964	)	$	(60,670	)	$	(95,294	)

Reclassifications from Other Comprehensive Income to Income Statement [Table Text Block]

The following table presents the income statement line item effects for reclassifications out of accumulated other comprehensive income (“AOCI”):

AOCI Components	Gain (Loss) Reclassified From AOCI			Income Statement Line Item
	(In thousands)
Three Months Ended March 31, 2013
Securities available-for-sale	$	3		Interest income
	1			Income tax expense
	$	2		Net of tax
Hedging instruments:
Commodity price swaps	$	(19,185	)	Sales and other revenues
	(6,532		)	Cost of products sold
	(1,573		)	Operating expenses
Interest rate swaps	(1,353		)	Interest expense
	(28,643		)
	(10,823		)	Income tax benefit
	(17,820		)	Net of tax
	820			Noncontrolling interest
	$	(17,000	)	Net of tax and noncontrolling interest
Retiree medical obligation	$	(84	)	Cost of products sold
	(1,549		)	Operating expenses
	(93		)	General and administrative expenses
	(1,726		)
	(671		)	Income tax benefit
	$	(1,055	)	Net of tax
Total reclassifications for the period	$	(18,053	)
Three Months Ended March 31, 2012
Securities available-for-sale	$	117		Interest income
	46			Income tax expense
	$	71		Net of tax
Hedging instruments
Commodity price swaps	$	(34,125	)	Sales and other revenues
	50,541			Cost of products sold
Interest rate swaps	(1,498		)	Interest expense
	14,918
	6,143			Income tax expense
	8,775			Net of tax
	873			Noncontrolling interest
	$	9,648		Net of tax and noncontrolling interest
Total reclassifications for the period	$	9,719

Accumulated Other Comprehensive Loss In Equity

Accumulated other comprehensive income (loss) in the equity section of our consolidated balance sheets includes:

	March 31, 2013			December 31, 2012
	(In thousands)
Pension obligation	$	(23,973	)	$	(23,973	)
Retiree medical obligation	29,660			28,605
Unrealized gain (loss) on available-for-sale securities	1			(7		)
Unrealized (loss) on hedging activities, net of noncontrolling interest	(2,354		)	(13,050		)
Accumulated other comprehensive income (loss)	$	3,334		$	(8,425	)