Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2018

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 March 31, 2018
Net change in foreign currency translation adjustment	$	(11,940	)	$	(2,528	)	$	(9,412	)
Net unrealized loss on hedging instruments	(5,570		)	(1,240		)	(4,330		)
Net change in pension and other post-retirement benefit obligations	—			(3,734		)	3,734
Other comprehensive loss attributable to HollyFrontier stockholders	$	(17,510	)	$	(7,502	)	$	(10,008	)
Three Months Ended March 31, 2017
Net change in foreign currency translation adjustment	$	(6,713	)	$	(1,779	)	$	(4,934	)
Net unrealized loss on marketable securities	(4		)	(1		)	(3		)
Net unrealized gain on hedging instruments	4,044			1,545			2,499
Other comprehensive loss	(2,673		)	(235		)	(2,438		)
Less other comprehensive income attributable to noncontrolling interest	50			—			50
Other comprehensive loss attributable to HollyFrontier stockholders	$	(2,723	)	$	(235	)	$	(2,488	)

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 March 31,
	2018			2017
Hedging instruments:
Commodity price swaps	$	1,647		$	3,950		Sales and other revenues
	—			(299		)	Cost of products sold
	(456		)	(4,295		)	Operating expenses
Interest rate swaps	—			13			Interest expense
	1,191			(631		)
	304			(247		)	Income tax benefit
	887			(384		)	Net of tax
	—			(8		)	Noncontrolling interest
	887			(392		)	Net of tax and noncontrolling interest
Total reclassifications for the period	$	887		$	(392	)

Accumulated Other Comprehensive Loss In Equity

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

	March 31, 2018			December 31, 2017
	(In thousands)
Foreign currency translation adjustment	$	4,965		$	14,377
Unrealized loss on pension obligation	(692		)	(654		)
Unrealized gain on post-retirement benefit obligations	20,711			16,939
Unrealized loss on hedging instruments	(5,123		)	(793		)
Accumulated other comprehensive income	$	19,861		$	29,869