Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2015

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 and six months ended June 30, 2015 were as follows (in millions):

	Cash Flow Hedges			Foreign Currency Items			Total
For the 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/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
For the 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/gas production		67.2			—			67.2
Income tax effect		(24.1	)		—			(24.1	)
Net of tax		43.1			—			43.1
Other comprehensive income (loss), net of tax		(40.3	)		(2.3	)		(42.6	)
Ending balance, net of tax	$	46.5		($	5.8	)	$	40.7

Changes in accumulated other comprehensive income (loss) by component for the three and six months ended June 30, 2014, were as follows (in millions):

	Cash Flow Hedges			Foreign Currency Items			Total
For the Three Months Ended June 30, 2014
Beginning balance, net of tax	($	8.0	)	($	1.2	)	($	9.2	)
Other comprehensive income (loss) before reclassifications:
Change in fair value of derivatives		(26.0	)		—			(26.0	)
Foreign currency translations		—			0.8			0.8
Income tax effect		9.4			—			9.4
Net of tax		(16.6	)		0.8			(15.8	)
Amounts reclassified from accumulated other comprehensive income:
Operating revenue: oil/gas production		(9.2	)		—			(9.2	)
Derivative expense, net		(1.5	)		—			(1.5	)
Income tax effect		3.9			—			3.9
Net of tax		(6.8	)		—			(6.8	)
Other comprehensive income (loss), net of tax		(9.8	)		0.8			(9.0	)
Ending balance, net of tax	($	17.8	)	($	0.4	)	($	18.2	)

	Cash Flow Hedges			Foreign Currency Items			Total
For the Six Months Ended June 30, 2014
Beginning balance, net of tax	($	1.4	)	($	0.7	)	($	2.1	)
Other comprehensive income (loss) before reclassifications:
Change in fair value of derivatives		(43.4	)		—			(43.4	)
Foreign currency translations		—			0.3			0.3
Income tax effect		15.7			—			15.7
Net of tax		(27.7	)		0.3			(27.4	)
Amounts reclassified from accumulated other comprehensive income:
Operating revenue: oil/gas production		(16.3	)		—			(16.3	)
Derivative expense, net		(1.5	)		—			(1.5	)
Income tax effect		6.5			—			6.5
Net of tax		(11.3	)		—			(11.3	)
Other comprehensive income (loss), net of tax		(16.4	)		0.3			(16.1	)
Ending balance, net of tax	($	17.8	)	($	0.4	)	($	18.2	)