Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss) by component for the three months ended March 31, 2016 and 2015 were as follows (in millions):

	Cash Flow Hedges			Foreign Currency Items			Total
Three Months Ended March 31, 2016
Beginning balance, net of tax	$	24.0		$	(6.0	)	$	18.0
Other comprehensive income (loss) before reclassifications:
Change in fair value of derivatives	4.6			—			4.6
Income tax effect	(1.6		)	—			(1.6		)
Net of tax	3.0			—			3.0
Amounts reclassified from accumulated other comprehensive income:
Operating revenue: oil/natural gas production	12.8			—			12.8
Other operational expenses	—			(6.0		)	(6.0		)
Income tax effect	(4.5		)	—			(4.5		)
Net of tax	8.3			(6.0		)	2.3
Other comprehensive income (loss), net of tax	(5.3		)	6.0			0.7
Ending balance, net of tax	$	18.7		$	—		$	18.7

	Cash Flow Hedges			Foreign Currency Items			Total
Three Months Ended March 31, 2015
Beginning balance, net of tax	$	86.8		$	(3.5	)	$	83.3
Other comprehensive income (loss) before reclassifications:
Change in fair value of derivatives	22.9			—			22.9
Foreign currency translations	—			(3.6		)	(3.6		)
Income tax effect	(8.2		)	—			(8.2		)
Net of tax	14.7			(3.6		)	11.1
Amounts reclassified from accumulated other comprehensive income:
Operating revenue: oil/natural gas production	36.8			—			36.8
Income tax effect	(13.2		)	—			(13.2		)
Net of tax	23.6			—			23.6
Other comprehensive loss, net of tax	(8.9		)	(3.6		)	(12.5		)
Ending balance, net of tax	$	77.9		$	(7.1	)	$	70.8

During the three months ended March 31, 2016, we reclassified approximately $6.0 million of losses related to cumulative foreign currency translation adjustments, from accumulated other comprehensive income into other operational expenses, upon the substantial liquidation of our foreign subsidiary, Stone Energy Canada ULC.