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Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 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 September 30, 2018
 
 
 
 
 
 
Net change in foreign currency translation adjustment
 
$
8,325

 
$
(1,354
)
 
$
9,679

Net unrealized gain on hedging instruments
 
5,792

 
1,478

 
4,314

Other comprehensive income attributable to HollyFrontier stockholders
 
$
14,117

 
$
124

 
$
13,993

 
 
 
 
 
 
 
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

 
 
 
 
 
 
 
Nine Months Ended September 30, 2018
 
 
 
 
 
 
Net change in foreign currency translation adjustment
 
$
(15,118
)
 
$
(6,304
)
 
$
(8,814
)
Net unrealized gain on hedging instruments
 
1,742

 
625

 
1,117

Net change in pension and other post-retirement benefit obligations
 
—

 
(3,734
)
 
3,734

Other comprehensive loss attributable to HollyFrontier stockholders
 
$
(13,376
)
 
$
(9,413
)
 
$
(3,963
)
 
 
 
 
 
 
 
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
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,
 
 
 
 
2018
 
2017
 
 
 
 
 
 
 
 
 
Hedging instruments:
 
 
 
 
 
 
Commodity price swaps
 
$
(1,422
)
 
$
(488
)
 
Sales and other revenues
 
 
(209
)
 
(4,961
)
 
Operating expenses
Interest rate swaps
 
—

 
64

 
Interest expense
 
 
(1,631
)
 
(5,385
)
 
 
 
 
(416
)
 
(2,100
)
 
Income tax benefit
 
 
(1,215
)
 
(3,285
)
 
Net of tax
 
 
—

 
(41
)
 
Noncontrolling interest
Total reclassifications for the period
 
$
(1,215
)
 
$
(3,326
)
 
Net of tax and noncontrolling interest
 
 
 
 
 
 
 
 
 
Nine Months Ended
September 30,
 
 
 
 
2018
 
2017
 
 
 
 
 
 
 
 
 
Hedging instruments:
 
 
 
 
 
 
Commodity price swaps
 
$
(5,093
)
 
$
7,937

 
Sales and other revenues
 
 
—

 
(299
)
 
Cost of products sold
 
 
(945
)
 
(13,676
)
 
Operating expenses
Interest rate swaps
 
—

 
179

 
Interest expense
 
 
(6,038
)
 
(5,859
)
 
 
 
 
(1,540
)
 
(2,312
)
 
Income tax benefit
 
 
(4,498
)
 
(3,547
)
 
Net of tax
 
 
—

 
(114
)
 
Noncontrolling interest
Total reclassifications for the period
 
$
(4,498
)
 
$
(3,661
)
 
Net of tax and noncontrolling interest
Accumulated Other Comprehensive Loss In Equity
Accumulated other comprehensive income in the equity section of our consolidated balance sheets includes:
 
 
September 30,
2018
 
December 31,
2017
 
 
(In thousands)
Foreign currency translation adjustment
 
$
5,563

 
$
14,377

Unrealized loss on pension obligation
 
(692
)
 
(654
)
Unrealized gain on post-retirement benefit obligations
 
20,711

 
16,939

Unrealized gain (loss) on hedging instruments
 
324

 
(793
)
Accumulated other comprehensive income
 
$
25,906

 
$
29,869