Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 8 — Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss) by component for the three months ended March 31, 2014 were as follows (in millions):

For the Three Months Ended March 31, 2014	Cash Flow Hedges			Foreign Currency Items			Total
Beginning balance, net of tax	($	1.4	)	($	0.7	)	($	2.1	)
Other comprehensive income (loss) before reclassifications:
Change in fair value of derivatives		(17.4	)		—			(17.4	)
Foreign currency translations		—			(0.5	)		(0.5	)
Income tax effect		6.3			—			6.3
Net of tax		(11.1	)		(0.5	)		(11.6	)
Amounts reclassified from accumulated other comprehensive income:
Operating revenue: oil/gas production		(7.1	)		—			(7.1	)
Income tax effect		2.6			—			2.6
Net of tax		(4.5	)		—			(4.5	)
Other comprehensive loss, net of tax		(6.6	)		(0.5	)		(7.1	)
Ending balance, net of tax	($	8.0	)	($	1.2	)	($	9.2	)

For the three months ended March 31, 2013, the only component of accumulated other comprehensive income (loss) related to our cash flow hedges. Changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2013 were as follows (in millions):

For the Three Months Ended March 31, 2013	Cash Flow Hedges
Beginning balance, net of tax	$	28.8
Other comprehensive income (loss) before reclassifications:
Change in fair value of derivatives		(20.1	)
Income tax effect		7.3
Net of tax		(12.8	)
Amounts reclassified from accumulated other comprehensive income:
Operating revenue: oil/gas production		8.5
Income tax effect		(3.0	)
Net of tax		5.5
Other comprehensive loss, net of tax		(18.3	)
Ending balance, net of tax	$	10.5