Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2016, were as follows (in millions):

	Cash Flow Hedges			Foreign Currency Items		Total
Three Months Ended June 30, 2016
Beginning balance, net of tax	$	18.7		$	—	$	18.7
Other comprehensive income (loss) before reclassifications:
Change in fair value of derivatives	(8.6		)	—		(8.6		)
Income tax effect	3.1			—		3.1
Net of tax	(5.5		)	—		(5.5		)
Amounts reclassified from accumulated other comprehensive income:
Operating revenue: oil/natural gas production	8.9			—		8.9
Income tax effect	(3.1		)	—		(3.1		)
Net of tax	5.8			—		5.8
Other comprehensive loss, net of tax	(11.3		)	—		(11.3		)
Ending balance, net of tax	$	7.4		$	—	$	7.4

	Cash Flow Hedges			Foreign Currency Items			Total
Six Months Ended June 30, 2016
Beginning balance, net of tax	$	24.0		$	(6.0	)	$	18.0
Other comprehensive income (loss) before reclassifications:
Change in fair value of derivatives	(4.0		)	—			(4.0		)
Income tax effect	1.4			—			1.4
Net of tax	(2.6		)	—			(2.6		)
Amounts reclassified from accumulated other comprehensive income:
Operating revenue: oil/natural gas production	21.7			—			21.7
Other operational expenses	—			(6.0		)	(6.0		)
Income tax effect	(7.7		)	—			(7.7		)
Net of tax	14.0			(6.0		)	8.0
Other comprehensive income (loss), net of tax	(16.6		)	6.0			(10.6		)
Ending balance, net of tax	$	7.4		$	—		$	7.4

Changes in accumulated other comprehensive income (loss) by component for the three and six months ended June 30, 2015, were as follows (in millions):

	Cash Flow Hedges			Foreign Currency Items			Total
Three Months Ended June 30, 2015
Beginning balance, net of tax	$	77.9		$	(7.1	)	$	70.8
Other comprehensive income (loss) before reclassifications:
Change in fair value of derivatives	(18.8		)	—			(18.8		)
Foreign currency translations	—			1.3			1.3
Income tax effect	6.9			—			6.9
Net of tax	(11.9		)	1.3			(10.6		)
Amounts reclassified from accumulated other comprehensive income:
Operating revenue: oil/natural gas production	30.4			—			30.4
Income tax effect	(10.9		)	—			(10.9		)
Net of tax	19.5			—			19.5
Other comprehensive income (loss), net of tax	(31.4		)	1.3			(30.1		)
Ending balance, net of tax	$	46.5		$	(5.8	)	$	40.7

	Cash Flow Hedges			Foreign Currency Items			Total
Six Months Ended June 30, 2015
Beginning balance, net of tax	$	86.8		$	(3.5	)	$	83.3
Other comprehensive income (loss) before reclassifications:
Change in fair value of derivatives	4.1			—			4.1
Foreign currency translations	—			(2.3		)	(2.3		)
Income tax effect	(1.3		)	—			(1.3		)
Net of tax	2.8			(2.3		)	0.5
Amounts reclassified from accumulated other comprehensive income:
Operating revenue: oil/natural gas production	67.2			—			67.2
Income tax effect	(24.1		)	—			(24.1		)
Net of tax	43.1			—			43.1
Other comprehensive loss, net of tax	(40.3		)	(2.3		)	(42.6		)
Ending balance, net of tax	$	46.5		$	(5.8	)	$	40.7

During the six months ended June 30, 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.