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Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2017
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 are as follows:
 
 
Before-Tax
 
Tax Expense
(Benefit)
 
After-Tax
 
 
(In thousands)
Three Months Ended September 30, 2017
 
 
 
 
 
 
Net change in foreign currency translation adjustment
 
$
16,702

 
$
5,851

 
$
10,851

Net unrealized gain on hedging instruments
 
3,291

 
1,289

 
2,002

Other comprehensive income
 
19,993

 
7,140

 
12,853

Less other comprehensive loss attributable to noncontrolling interest
 
(40
)
 
—

 
(40
)
Other comprehensive income attributable to HollyFrontier stockholders
 
$
20,033

 
$
7,140

 
$
12,893

 
 
 
 
 
 
 
Three Months Ended September 30, 2016
 
 
 
 
 
 
Net unrealized loss on marketable securities
 
$
(29
)
 
$
(12
)
 
$
(17
)
Net unrealized gain on hedging instruments
 
3,101

 
1,131

 
1,970

Other comprehensive income
 
3,072

 
1,119

 
1,953

Less other comprehensive income attributable to noncontrolling interest
 
179

 
—

 
179

Other comprehensive income attributable to HollyFrontier stockholders
 
$
2,893

 
$
1,119

 
$
1,774

 
 
 
 
 
 
 
Nine Months Ended September 30, 2017
 
 
 
 
 
 
Net change in foreign currency translation adjustment
 
$
24,287

 
$
8,505

 
$
15,782

Net unrealized loss on marketable securities
 
(4
)
 
(1
)
 
(3
)
Net unrealized gain on hedging instruments
 
8,567

 
3,337

 
5,230

Other comprehensive income
 
32,850

 
11,841

 
21,009

Less other comprehensive loss attributable to noncontrolling interest
 
(57
)
 
—

 
(57
)
Other comprehensive income attributable to HollyFrontier stockholders
 
$
32,907

 
$
11,841

 
$
21,066

 
 
 
 
 
 
 
Nine Months Ended September 30, 2016
 
 
 
 
 
 
Net unrealized gain on marketable securities
 
$
84

 
$
32

 
$
52

Net unrealized gain on hedging instruments
 
18,953

 
7,404

 
11,549

Other comprehensive income
 
19,037

 
7,436

 
11,601

Less other comprehensive loss attributable to noncontrolling interest
 
(181
)
 
—

 
(181
)
Other comprehensive income attributable to HollyFrontier stockholders
 
$
19,218

 
$
7,436

 
$
11,782
Reclassifications from Other Comprehensive Income to Income Statement
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,
 
 
 
 
2017
 
2016
 
 
 
 
 
 
 
 
 
Hedging instruments:
 
 
 
 
 
 
Commodity price swaps
 
$
(488
)
 
$
228

 
Sales and other revenues
 
 
(4,961
)
 
(4,544
)
 
Operating expenses
Interest rate swaps
 
64

 
(95
)
 
Interest expense
 
 
(5,385
)
 
(4,411
)
 
 
 
 
(2,100
)
 
(1,685
)
 
Income tax benefit
 
 
(3,285
)
 
(2,726
)
 
Net of tax
 
 
(41
)
 
58

 
Noncontrolling interest
 
 
(3,326
)
 
(2,668
)
 
Net of tax and noncontrolling interest
 
 
 
 
 
 
 
Total reclassifications for the period
 
$
(3,326
)
 
$
(2,668
)
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30,
 
 
 
 
2017
 
2016
 
 
 
 
 
 
 
 
 
Marketable securities
 
$
—

 
$
(23
)
 
Interest income
 
 
—

 
(9
)
 
Income tax benefit
 
 
—

 
(14
)
 
Net of tax
 
 
 
 
 
 
 
Hedging instruments:
 
 
 
 
 
 
Commodity price swaps
 
7,937

 
(20,425
)
 
Sales and other revenues
 
 
(299
)
 
—

 
Cost of products sold
 
 
(13,676
)
 
(17,397
)
 
Operating expenses
Interest rate swaps
 
179

 
(438
)
 
Interest expense
 
 
(5,859
)
 
(38,260
)
 
 
 
 
(2,312
)
 
(14,704
)
 
Income tax benefit
 
 
(3,547
)
 
(23,556
)
 
Net of tax
 
 
(114
)
 
267

 
Noncontrolling interest
 
 
(3,661
)
 
(23,289
)
 
Net of tax and noncontrolling interest
 
 
 
 
 
 
 
Total reclassifications for the period
 
$
(3,661
)
 
$
(23,303
)
 
 
Accumulated Other Comprehensive Loss In Equity
Accumulated other comprehensive income in the equity section of our consolidated balance sheets includes:
 
 
September 30,
2017
 
December 31,
2016
 
 
(In thousands)
Foreign currency translation adjustment
 
$
15,782

 
$
—

Unrealized gain on post-retirement benefit obligations
 
20,055

 
20,055

Unrealized gain on marketable securities
 
—

 
3

Unrealized loss on hedging instruments, net of noncontrolling interest
 
(4,397
)
 
(9,446
)
Accumulated other comprehensive income
 
$
31,440

 
$
10,612