Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2014

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 September 30, 2014
Net unrealized loss on marketable securities	$	(165	)	$	(64	)	$	(101	)
Net unrealized loss on hedging instruments	(8,441		)	(3,527		)	(4,914		)
Net change in post-retirement benefit obligations	422			163			259
Other comprehensive loss	(8,184		)	(3,428		)	(4,756		)
Less other comprehensive income attributable to noncontrolling interest	673			—			673
Other comprehensive loss attributable to HollyFrontier stockholders	$	(8,857	)	$	(3,428	)	$	(5,429	)
Three Months Ended September 30, 2013
Net unrealized gain on marketable securities	$	34		$	13		$	21
Net unrealized gain on hedging instruments	4,215			1,933			2,282
Other comprehensive income	4,249			1,946			2,303
Less other comprehensive loss attributable to noncontrolling interest	(665		)	—			(665		)
Other comprehensive income attributable to HollyFrontier stockholders	$	4,914		$	1,946		$	2,968
Nine Months Ended September 30, 2014
Net unrealized loss on marketable securities	$	(129	)	$	(50	)	$	(79	)
Net unrealized gain on hedging instruments	112,957			43,616			69,341
Net change in post-retirement benefit obligations	333			128			205
Other comprehensive income	113,161			43,694			69,467
Less other comprehensive income attributable to noncontrolling interest	278			—			278
Other comprehensive income attributable to HollyFrontier stockholders	$	112,883		$	43,694		$	69,189
Nine Months Ended September 30, 2013
Net unrealized gain on marketable securities	$	5		$	2		$	3
Net unrealized gain on hedging instruments	44,371			16,473			27,898
Net change in pension and other post-retirement benefit obligations	30,712			11,946			18,766
Other comprehensive income	75,088			28,421			46,667
Less other comprehensive income attributable to noncontrolling interest	2,068			—			2,068
Other comprehensive income attributable to HollyFrontier stockholders	$	73,020		$	28,421		$	44,599

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 Component	Gain (Loss) Reclassified From AOCI						Income Statement Line Item
	(In thousands)
	Three Months Ended September 30,
	2014			2013
Marketable securities	$	12		$	10		Interest income
	5			4			Income tax expense
	7			6			Net of tax
Hedging instruments:
Commodity price swaps	(6,202		)	(10,138		)	Sales and other revenues
	20,776			32,874			Cost of products sold
	(444		)	(999		)	Operating expenses
Interest rate swaps	(556		)	(529		)	Interest expense
	13,574			21,208
	5,384			8,375			Income tax expense
	8,190			12,833			Net of tax
	337			321			Noncontrolling interest
	8,527			13,154			Net of tax and noncontrolling interest
Retirement restoration plan	(422		)	—			General and administrative expenses
	(163		)	—			Income tax benefit
	(259		)	—			Net of tax
Total reclassifications for the period	$	8,275		$	13,160
	Nine Months Ended September 30,
	2014			2013
Marketable securities	$	13		$	13		Interest income
	5			5			Income tax expense
	8			8			Net of tax
Hedging instruments:
Commodity price swaps	(80,475		)	(25,454		)	Sales and other revenues
	111,217			28,271			Cost of products sold
	1,805			(2,051		)	Operating expenses
Interest rate swaps	(1,647		)	(2,398		)	Interest expense
	30,900			(1,632		)
	12,345			(69		)	Income tax expense (benefit)
	18,555			(1,563		)	Net of tax
	998			1,453			Noncontrolling interest
	19,553			(110		)	Net of tax and noncontrolling interest
Pension and other post-retirement benefit obligations:
Pension obligation	—			(2,460		)	Cost of products sold
	—			(23,260		)	Operating expenses
	—			(3,266		)	General and administrative expenses
	—			(28,986		)
	—			(11,275		)	Income tax benefit
	—			(17,711		)	Net of tax
Post-retirement healthcare 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
Retirement restoration plan	(422		)	—			General and administrative expenses
	(163		)	—			Income tax benefit
	(259		)	—			Net of tax
Total reclassifications for the period	$	19,302		$	(18,868	)

Accumulated Other Comprehensive Loss In Equity

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

	September 30, 2014			December 31, 2013
	(In thousands)
Unrealized gain on post-retirement benefit obligations	$	27,896		$	27,691
Unrealized gain (loss) on marketable securities	(69		)	10
Unrealized gain (loss) on hedging instruments, net of noncontrolling interest	42,184			(26,879		)
Accumulated other comprehensive income	$	70,011		$	822