Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2021

Other Comprehensive Income (Loss), before Tax [Abstract]

Schedule of Components and Allocated Tax Effects of OCI

The components and allocated tax effects of other comprehensive income are as follows:

	Before-Tax		Tax Expense (Benefit)		After-Tax
	(In thousands)
Year Ended December 31, 2021
Net change in foreign currency translation adjustment	$	(13,336)	$	(2,793)	$	(10,543)
Net unrealized gain on hedging instruments	31		8		23
Net change in pension and other post-retirement benefit obligations	(457)		(186)		(271)
Other comprehensive loss attributable to HollyFrontier stockholders	$	(13,762)	$	(2,971)	$	(10,791)
Year Ended December 31, 2020
Net change in foreign currency translation adjustment	$	6,226	$	1,357	$	4,869
Net unrealized loss on hedging instruments	(4,871)		(1,228)		(3,643)
Net change in pension and other post-retirement benefit obligations	(3,461)		(923)		(2,538)
Other comprehensive loss attributable to HollyFrontier stockholders	$	(2,106)	$	(794)	$	(1,312)
Year Ended December 31, 2019
Net change in foreign currency translation adjustment	$	13,337	$	2,848	$	10,489
Net unrealized loss on hedging instruments	(5,349)		(1,365)		(3,984)
Net change in pension and other post-retirement benefit obligations	(7,207)		(1,853)		(5,354)
Other comprehensive income attributable to HollyFrontier stockholders	$	781	$	(370)	$	1,151

Schedule of Income Statement Line Items Effects Out of AOCI

The following table presents the statement of operations line item effects for reclassifications out of accumulated other comprehensive income (“AOCI”):

AOCI Component	Gain (Loss) Reclassified From AOCI						Statement of Operations Line Item
	Years Ended December 31,
	2021		2020		2019
	(In thousands)
Hedging instruments:
Commodity price swaps	$	(19,239)	$	(5,168)	$	(1,799)	Sales and other revenues
	—		4,281		22,876		Cost of products sold
	1,660		(1,717)		(1,364)		Operating expenses
	(17,579)		(2,604)		19,713
	(4,430)		(664)		5,027		Income tax expense (benefit)
	(13,149)		(1,940)		14,686		Net of tax
Other post-retirement benefit obligations:
Pension obligations	407		422		—		Other, net
	103		108		—		Income tax expense
	304		314		—		Net of tax
Post-retirement healthcare obligations	3,328		3,564		3,587		Other, net
	839		909		915		Income tax expense
	2,489		2,655		2,672		Net of tax
Retirement restoration plan	(39)		(22)		(6)		Other, net
	(10)		(6)		(2)		Income tax benefit
	(29)		(16)		(4)		Net of tax
Total reclassifications for the period	$	(10,385)	$	1,013	$	17,354

Schedule of AOCI in Equity

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

	Years Ended December 31,
	2021		2020
	(In thousands)
Foreign currency translation adjustment	$	(7,861)	$	2,682
Unrealized loss on pension obligations	1,449		(248)
Unrealized gain on post-retirement benefit obligations	9,342		11,310
Unrealized loss on hedging instruments	(259)		(282)
Accumulated other comprehensive income	$	2,671	$	13,462