Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 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 September 30, 2019
Net change in foreign currency translation adjustment	$	(9,311	)	$	(1,959	)	$	(7,352	)
Net unrealized loss on hedging instruments	(7,562		)	(1,929		)	(5,633		)
Other comprehensive loss attributable to HollyFrontier stockholders	$	(16,873	)	$	(3,888	)	$	(12,985	)
Three Months Ended September 30, 2018
Net change in foreign currency translation adjustment	$	8,325		$	1,756		$	6,569
Net unrealized gain on hedging instruments	5,792			1,478			4,314
Other comprehensive income attributable to HollyFrontier stockholders	$	14,117		$	3,234		$	10,883
Nine Months Ended September 30, 2019
Net change in foreign currency translation adjustment	$	4,212		$	896		$	3,316
Net unrealized gain on hedging instruments	372			94			278
Other comprehensive income attributable to HollyFrontier stockholders	$	4,584		$	990		$	3,594
Nine Months Ended September 30, 2018
Net change in foreign currency translation adjustment	$	(15,118	)	$	(3,130	)	$	(11,988	)
Net unrealized gain on hedging instruments	1,796			453			1,343
Other comprehensive loss attributable to HollyFrontier stockholders	$	(13,322	)	$	(2,677	)	$	(10,645	)

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,
	2019			2018
Hedging instruments:
Commodity price swaps	$	—		$	(1,422	)	Sales and other revenues
	6,027			—			Cost of products sold
	(454		)	(209		)	Operating expenses
	5,573			(1,631		)
	1,421			(416		)	Income tax expense (benefit)
Total reclassifications for the period	$	4,152		$	(1,215	)	Net of tax
	Nine Months Ended September 30,
	2019			2018
Hedging instruments:
Commodity price swaps	$	(1,799	)	$	(5,093	)	Sales and other revenues
	15,323			—			Cost of products sold
	(987		)	(945		)	Operating expenses
	12,537			(6,038		)
	3,197			(1,540		)	Income tax expense (benefit)
Total reclassifications for the period	$	9,340		$	(4,498	)	Net of tax

Accumulated Other Comprehensive Loss In Equity

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

	September 30, 2019			December 31, 2018
	(In thousands)
Foreign currency translation adjustment	$	(9,360	)	$	(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	7,623			7,345
Accumulated other comprehensive income	$	17,217		$	13,623