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Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2018
 
 
 
 
 
 
Net change in foreign currency translation adjustment
 
$
(11,503
)
 
$
(2,422
)
 
$
(9,081
)
Net unrealized gain on hedging instruments
 
1,521

 
388

 
1,133

Other comprehensive loss attributable to HollyFrontier stockholders
 
$
(9,982
)
 
$
(2,034
)
 
$
(7,948
)
 
 
 
 
 
 
 
Three Months Ended June 30, 2017
 
 
 
 
 
 
Net change in foreign currency translation adjustment
 
$
14,298

 
$
4,433

 
$
9,865

Net unrealized gain on hedging instruments
 
1,232

 
503

 
729

Other comprehensive income
 
15,530

 
4,936

 
10,594

Less other comprehensive loss attributable to noncontrolling interest
 
(67
)
 
—

 
(67
)
Other comprehensive income attributable to HollyFrontier stockholders
 
$
15,597

 
$
4,936

 
$
10,661

 
 
 
 
 
 
 
Six Months Ended June 30, 2018
 
 
 
 
 
 
Net change in foreign currency translation adjustment
 
$
(23,443
)
 
$
(4,950
)
 
$
(18,493
)
Net unrealized loss on hedging instruments
 
(4,049
)
 
(852
)
 
(3,197
)
Net change in pension and other post-retirement benefit obligations
 
—

 
(3,734
)
 
3,734

Other comprehensive loss attributable to HollyFrontier stockholders
 
$
(27,492
)
 
$
(9,536
)
 
$
(17,956
)
 
 
 
 
 
 
 
Six Months Ended June 30, 2017
 
 
 
 
 
 
Net change in foreign currency translation adjustment
 
$
7,585

 
$
2,654

 
$
4,931

Net unrealized loss on marketable securities
 
(4
)
 
(1
)
 
(3
)
Net unrealized gain on hedging instruments
 
5,276

 
2,048

 
3,228

Other comprehensive income
 
12,857

 
4,701

 
8,156

Less other comprehensive loss attributable to noncontrolling interest
 
(17
)
 
—

 
(17
)
Other comprehensive income attributable to HollyFrontier stockholders
 
$
12,874

 
$
4,701

 
$
8,173
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
June 30,
 
 
 
 
2018
 
2017
 
 
 
 
 
 
 
 
 
Hedging instruments:
 
 
 
 
 
 
Commodity price swaps
 
$
(5,317
)
 
$
4,476

 
Sales and other revenues
 
 
(281
)
 
(4,421
)
 
Operating expenses
Interest rate swaps
 
—

 
102

 
Interest expense
 
 
(5,598
)
 
157

 
 
 
 
(1,427
)
 
36

 
Income tax expense (benefit)
 
 
(4,171
)
 
121

 
Net of tax
 
 
—

 
(65
)
 
Noncontrolling interest
 
 
(4,171
)
 
56

 
Net of tax and noncontrolling interest
 
 
 
 
 
 
 
Total reclassifications for the period
 
$
(4,171
)
 
$
56

 
 
 
 
 
 
 
 
 
 
 
Six Months Ended
June 30,
 
 
 
 
2018
 
2017
 
 
 
 
 
 
 
 
 
Hedging instruments:
 
 
 
 
 
 
Commodity price swaps
 
(3,671
)
 
8,426

 
Sales and other revenues
 
 
—

 
(299
)
 
Cost of products sold
 
 
(736
)
 
(8,716
)
 
Operating expenses
Interest rate swaps
 
—

 
115

 
Interest expense
 
 
(4,407
)
 
(474
)
 
 
 
 
(1,124
)
 
(212
)
 
Income tax benefit
 
 
(3,283
)
 
(262
)
 
Net of tax
 
 
—

 
(73
)
 
Noncontrolling interest
 
 
(3,283
)
 
(335
)
 
Net of tax and noncontrolling interest
 
 
 
 
 
 
 
Total reclassifications for the period
 
$
(3,283
)
 
$
(335
)
 
 
Accumulated Other Comprehensive Loss In Equity
Accumulated other comprehensive income in the equity section of our consolidated balance sheets includes:
 
 
June 30,
2018
 
December 31,
2017
 
 
(In thousands)
Foreign currency translation adjustment
 
$
(4,116
)
 
$
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
 
(3,990
)
 
(793
)
Accumulated other comprehensive income
 
$
11,913

 
$
29,869