Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2019

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, 2019
Net change in foreign currency translation adjustment	$	9,160		$	1,950		$	7,210
Net unrealized loss on hedging instruments	(6,014		)	(1,534		)	(4,480		)
Net change in pension and other post-retirement benefit obligations	74			—			74
Other comprehensive income attributable to HollyFrontier stockholders	$	3,220		$	416		$	2,804
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	)
Six Months Ended June 30, 2019
Net change in foreign currency translation adjustment	$	13,523		$	2,855		$	10,668
Net unrealized gain on hedging instruments	7,934			2,023			5,911
Other comprehensive income attributable to HollyFrontier stockholders	$	21,457		$	4,878		$	16,579
Six Months Ended June 30, 2018
Net change in foreign currency translation adjustment	$	(23,443	)	$	(4,886	)	$	(18,557	)
Net unrealized loss on hedging instruments	(3,995		)	(1,024		)	(2,971		)
Other comprehensive loss attributable to HollyFrontier stockholders	$	(27,438	)	$	(5,910	)	$	(21,528	)

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,
	2019			2018
Hedging instruments:
Commodity price swaps	$	—		$	(5,317	)	Sales and other revenues
	5,674			—			Cost of products sold
	(353		)	(281		)	Operating expenses
	5,321			(5,598		)
	1,357			(1,427		)	Income tax expense (benefit)
Total reclassifications for the period	$	3,964		$	(4,171	)	Net of tax
	Six Months Ended June 30,
	2019			2018
Hedging instruments:
Commodity price swaps	$	(1,799	)	$	(3,671	)	Sales and other revenues
	9,295			—			Cost of products sold
	(533		)	(736		)	Operating expenses
	6,963			(4,407		)
	1,776			(1,124		)	Income tax expense (benefit)
Total reclassifications for the period	$	5,187		$	(3,283	)	Net of tax

Accumulated Other Comprehensive Loss In Equity

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

	June 30, 2019			December 31, 2018
	(In thousands)
Foreign currency translation adjustment	$	(2,008	)	$	(12,676	)
Unrealized loss on pension obligation	(1,404		)	(1,404		)
Unrealized gain on post-retirement benefit obligations	20,358			20,358
Unrealized gain on hedging instruments	13,256			7,345
Accumulated other comprehensive income	$	30,202		$	13,623