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Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2014
Other Comprehensive Income (Loss), before Tax [Abstract]  
Other Comprehensive Income (Loss)
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)
Year Ended December 31, 2014
 
 
 
 
 
 
Net unrealized loss on marketable securities
 
$
(157
)
 
$
(62
)
 
$
(95
)
Net unrealized gain on hedging instruments
 
55,812

 
21,583

 
34,229

Net change in pension and other post-retirement benefit obligations
 
(11,425
)
 
(4,423
)
 
(7,002
)
Other comprehensive income
 
44,230

 
17,098

 
27,132

Less other comprehensive income attributable to noncontrolling interest
 
60

 
—

 
60

Other comprehensive income attributable to HollyFrontier stockholders
 
$
44,170

 
$
17,098

 
$
27,072

 
 
 
 
 
 
 
Year Ended December 31, 2013
 
 
 
 
 
 
Net unrealized gain on marketable securities
 
$
34

 
$
17

 
$
17

Net unrealized loss on hedging instruments
 
(20,183
)
 
(8,669
)
 
(11,514
)
Net change in pension and other post-retirement benefit obligations
 
37,593

 
14,534

 
23,059

Other comprehensive income
 
17,444

 
5,882

 
11,562

Less other comprehensive income attributable to noncontrolling interest
 
2,315

 
—

 
2,315

Other comprehensive income attributable to HollyFrontier stockholders
 
$
15,129

 
$
5,882

 
$
9,247

 
 
 
 
 
 
 
Year Ended December 31, 2012
 
 
 
 
 
 
Net unrealized loss on marketable securities
 
$
(236
)
 
$
(95
)
 
$
(141
)
Net unrealized loss on hedging instruments
 
(191,039
)
 
(74,846
)
 
(116,193
)
Net change in pension and other post-retirement benefit obligations
 
51,391

 
19,991

 
31,400

Other comprehensive loss
 
(139,884
)
 
(54,950
)
 
(84,934
)
Less other comprehensive income attributable to noncontrolling interest
 
1,364

 
—

 
1,364

Other comprehensive loss attributable to HollyFrontier stockholders
 
$
(141,248
)
 
$
(54,950
)
 
$
(86,298
)


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
 
 
Years Ended December 31,
 
 
 
 
2014
 
2013
 
2012
 
 
 
 
(In thousands)
 
 
Marketable securities
 
$
4

 
$
39

 
$
59

 
Interest income
 
 
—

 
—

 
326

 
Gain on sale of marketable equity securities
 
 
4

 
39

 
385

 
 
 
 
2

 
15

 
150

 
Income tax expense
 
 
2

 
24

 
235

 
Net of tax
 
 
 
 
 
 
 
 
 
Hedging instruments:
 
 
 
 
 
 
 
 
Commodity price swaps
 
88,326

 
(20,060
)
 
(98,750
)
 
Sales and other revenues
 
 
(37,313
)
 
38,949

 
43,575

 
Cost of products sold
 
 
791

 
(3,379
)
 
—

 
Operating expenses
Interest rate swaps
 
(2,202
)
 
(2,941
)
 
(6,603
)
 
Interest expense
 
 
49,602

 
12,569

 
(61,778
)
 
 
 
 
19,712

 
5,554

 
(22,590
)
 
Income tax expense (benefit)
 
 
29,890

 
7,015

 
(39,188
)
 
Net of tax
 
 
1,335

 
1,783

 
3,753

 
Noncontrolling interest
 
 
31,225

 
8,798

 
(35,435
)
 
Net of tax and noncontrolling interest
 
 
 
 
 
 
 
 
 
Pension and other post-retirement benefit obligations:
 
 
 
 
 
 
 
 
Pension obligation
 
—

 
(3,226
)
 
(226
)
 
Cost of products sold
 
 
—

 
(30,127
)
 
(1,486
)
 
Operating expenses
 
 
—

 
(4,236
)
 
(244
)
 
General and administrative expenses
 
 
—

 
(37,589
)
 
(1,956
)
 
 
 
 
—

 
(14,547
)
 
(761
)
 
Income tax benefit
 
 
—

 
(23,042
)
 
(1,195
)
 
Net of tax
 
 
 
 
 
 
 
 
 
Post-retirement healthcare obligation
 
482

 
646

 
—

 
Cost of products sold
 
 
3,366

 
2,868

 
1,913

 
Operating expenses
 
 
448

 
526

 
39

 
General and administrative expenses
 
 
4,296

 
4,040

 
1,952

 
 
 
 
1,663

 
1,563

 
759

 
Income tax expense
 
 
2,633

 
2,477

 
1,193

 
Net of tax
 
 
 
 
 
 
 
 
 
Retirement restoration plan
 
(920
)
 
(111
)
 
(63
)
 
General and administrative expenses
 
 
(356
)
 
(43
)
 
(25
)
 
Income tax benefit
 
 
(564
)
 
(68
)
 
(38
)
 
Net of tax
 
 
 
 
 
 
 
 
 
Total reclassifications for the period
 
$
33,296

 
$
(11,811
)
 
$
(35,240
)
 
 


Accumulated other comprehensive income in the equity section of our consolidated balance sheets includes:
 
 
December 31,
 
 
2014
 
2013
 
 
(In thousands)
Unrealized gain on post-retirement benefit obligations
 
$
20,689

 
$
27,691

Unrealized gain (loss) on marketable securities
 
(85
)
 
10

Unrealized gain (loss) on hedging instruments, net of noncontrolling interest
 
7,290

 
(26,879
)
Accumulated other comprehensive income
 
$
27,894

 
$
822