Other Comprehensive Income

6 Months Ended

Jun. 30, 2016

Stockholders' Equity [Abstract]

Other Comprehensive Income Disclosure

16. OTHER COMPREHENSIVE INCOME

The following tables present information about items reclassified out of accumulated other comprehensive income (loss) by component for the three and six months ended June 30, 2016 and 2015 (in millions, net of tax):

					Change in
	Change in Fair		Change in Fair		Unrecognized		Accumulated Other
	Value of Interest		Value of Available		Pension Cost		Comprehensive
	Rate Swaps		for Sale Securities		Components		Income (Loss)
Balance as of March 31, 2016	$	(67)	$	3	$	(25)	$	(89)
Other comprehensive income
(loss) before reclassifications		(12)		(3)		-		(15)
Amounts reclassified from
accumulated other
comprehensive income (loss)		10		-		2		12
Net current-period other
comprehensive (loss) income		(2)		(3)		2		(3)
AOCI distributed to QHC in spin-off		-		-		2		2
Balance as of June 30, 2016	$	(69)	$	-	$	(21)	$	(90)

					Change in
	Change in Fair		Change in Fair		Unrecognized		Accumulated Other
	Value of Interest		Value of Available		Pension Cost		Comprehensive
	Rate Swaps		for Sale Securities		Components		Income (Loss)
Balance as of December 31, 2015	$	(48)	$	1	$	(26)	$	(73)
Other comprehensive loss
before reclassifications		(40)		(1)		-		(41)
Amounts reclassified from
accumulated other
comprehensive income		19		-		3		22
Net current-period other
comprehensive (loss) income		(21)		(1)		3		(19)
AOCI distributed to QHC in spin-off		-		-		2		2
Balance as of June 30, 2016	$	(69)	$	-	$	(21)	$	(90)

					Change in
	Change in Fair		Change in Fair		Unrecognized		Accumulated Other
	Value of Interest		Value of Available		Pension Cost		Comprehensive
	Rate Swaps		for Sale Securities		Components		Income (Loss)
Balance as of March 31, 2015	$	(52)	$	8	$	(26)	$	(70)
Other comprehensive income
(loss) before reclassifications		2		(2)		-		-
Amounts reclassified from
accumulated other
comprehensive income		6		-		-		6
Net current-period other
comprehensive income (loss)		8		(2)		-		6
Balance as of June 30, 2015	$	(44)	$	6	$	(26)	$	(64)

					Change in
	Change in Fair		Change in Fair		Unrecognized		Accumulated Other
	Value of Interest		Value of Available		Pension Cost		Comprehensive
	Rate Swaps		for Sale Securities		Components		Income (Loss)
Balance as of December 31, 2014	$	(43)	$	7	$	(27)	$	(63)
Other comprehensive loss
before reclassifications		(13)		(1)		-		(14)
Amounts reclassified from
accumulated other
comprehensive income		12		-		1		13
Net current-period other
comprehensive (loss) income		(1)		(1)		1		(1)
Balance as of June 30, 2015	$	(44)	$	6	$	(26)	$	(64)

The following tables present a subtotal for each significant reclassification to net income out of AOCL and the line item affected in the accompanying condensed consolidated statement of income for the three and six months ended June 30, 2016 and 2015 (in millions):

	Amount reclassified from AOCL				Affected line item in the
Details about accumulated other	Three Months Ended		Six Months Ended		statement where net
comprehensive income (loss) components	June 30, 2016		June 30, 2016		income is presented
Gains and losses on cash flow hedges
Interest rate swaps	$	(16)	$	(30)	Interest expense, net
		6		11	Tax benefit
	$	(10)	$	(19)	Net of tax
Amortization of defined benefit pension items
Prior service costs	$	-	$	(1)	Salaries and benefits
Actuarial losses		(2)		(3)	Salaries and benefits
		(2)		(4)	Total before tax
		-		1	Tax benefit
	$	(2)	$	(3)	Net of tax

	Amount reclassified from AOCL				Affected line item in the
Details about accumulated other	Three Months Ended		Six Months Ended		statement where net
comprehensive income (loss) components	June 30, 2015		June 30, 2015		income is presented
Gains and losses on cash flow hedges
Interest rate swaps	$	(9)	$	(18)	Interest expense, net
		3		6	Tax benefit
	$	(6)	$	(12)	Net of tax
Amortization of defined benefit pension items
Prior service costs	$	-	$	(1)	Salaries and benefits
Actuarial losses		(1)		(1)	Salaries and benefits
		(1)		(2)	Total before tax
		1		1	Tax benefit
	$	-	$	(1)	Net of tax