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Derivative Instruments and Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative instruments on Consolidated Statements of Income and Accumulated Other Comprehensive Income
The following table presents the pre-tax effects of the derivative instruments designated as a fair value hedge (including the hedged item) and cash flow hedges on the Consolidated Statements of Income as well as the pre-tax effects of the derivative instruments designated as cash flow hedges on OCI:
 
Financial Statement
Year Ended December 31,
Instrument and Activity
Location of Gain (Loss)
2012
 
2011
 
2010
 
 
(in millions)
Fair Value Hedge
 
 
 
 
 
 
Questar Corporation
 
 
 
 
 
 
Interest rate derivative instrument
 
 
 
 
 
 
Realized and unrealized gain
Interest expense
$

 
$
9.8

 
$

2.75% Notes due 2016
 
 
 
 
 
 
Unrealized loss
Interest expense

 
(9.8
)
 

 
 
 
 
 
 
 
Cash Flow Hedges
 
 
 
 
 
 
Questar Pipeline
 
 
 
 
 
 
Interest rate derivative instruments
 
 
 
 
 
 
Deferrals of effective portions
OCI

 
(37.3
)
 

Losses reclassified from AOCI into earnings for effective portions
Interest expense
(0.4
)
 
(0.1
)
 

Derivative instruments in Condensed Consolidated Balance Sheets
The following table discloses the Level 2 fair value of the derivative instrument designated as a fair value hedge in the Consolidated Balance Sheets:
 
 
December 31,
Instrument
Balance Sheet Location
2012
 
2011
 
 
(in millions)
Assets
 
 
 
 
Questar Corporation
 
 
 
 
Interest rate derivative instrument
Prepaid expenses and other
$

 
$
1.1

Interest rate derivative instrument
Other noncurrent assets

 
7.8

Consolidated total - derivative assets
 
$

 
$
8.9