XML 62 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Other Comprehensive Income
 6 Months Ended
Jun. 30, 2014
Stockholders' Equity Note [Abstract]  
Other Comprehensive Income
Other Comprehensive Income

Changes in accumulated other comprehensive gain (loss), net of tax, for the three and six months ended June 30, 2014 and 2013 were as follows:
 
 
Three Months Ended June 30, 2014
(Thousands of Dollars)
 
Gains and Losses
on Cash Flow Hedges
 
Unrealized Gains and Losses
on Marketable Securities
 
Defined Benefit Pension and
Postretirement Items
 
Total
Accumulated other comprehensive gain (loss) at April 1
 
$
(59,200
)
 
$
115

 
$
(45,735
)
 
$
(104,820
)
Other comprehensive gain before reclassifications
 
16

 
—

 
—

 
16

Losses reclassified from net accumulated other comprehensive loss
 
574

 
—

 
864

 
1,438

Net current period other comprehensive income
 
590

 
—

 
864

 
1,454

Accumulated other comprehensive gain (loss) at June 30
 
$
(58,610
)
 
$
115

 
$
(44,871
)
 
$
(103,366
)
 
 
Three Months Ended June 30, 2013
(Thousands of Dollars)
 
Gains and Losses
on Cash Flow Hedges
 
Unrealized Gains and Losses
on Marketable Securities
 
Defined Benefit Pension and
Postretirement Items
 
Total
Accumulated other comprehensive loss at April 1
 
$
(61,533
)
 
$
(135
)
 
$
(51,952
)
 
$
(113,620
)
Other comprehensive loss before reclassifications
 
(44
)
 
—

 
—

 
(44
)
Losses reclassified from net accumulated other comprehensive loss
 
694

 
—

 
1,135

 
1,829

Net current period other comprehensive income
 
650

 
—

 
1,135

 
1,785

Accumulated other comprehensive loss at June 30
 
$
(60,883
)
 
$
(135
)
 
$
(50,817
)
 
$
(111,835
)
 
 
Six Months Ended June 30, 2014
(Thousands of Dollars)
 
Gains and Losses
on Cash Flow Hedges
 
Unrealized Gains and Losses
on Marketable Securities
 
Defined Benefit Pension and
Postretirement Items
 
Total
Accumulated other comprehensive gain (loss) at Jan. 1
 
$
(59,753
)
 
$
77

 
$
(46,599
)
 
$
(106,275
)
Other comprehensive gain before reclassifications
 
8

 
38

 
—

 
46

Losses reclassified from net accumulated other comprehensive loss
 
1,135

 
—

 
1,728

 
2,863

Net current period other comprehensive income
 
1,143

 
38

 
1,728

 
2,909

Accumulated other comprehensive gain (loss) at June 30
 
$
(58,610
)
 
$
115

 
$
(44,871
)
 
$
(103,366
)

 
 
Six Months Ended June 30, 2013
(Thousands of Dollars)
 
Gains and Losses
on Cash Flow Hedges
 
Unrealized Gains and Losses
on Marketable Securities
 
Defined Benefit Pension and
Postretirement Items
 
Total
Accumulated other comprehensive loss at Jan. 1
 
$
(61,241
)
 
$
(99
)
 
$
(51,313
)
 
$
(112,653
)
Other comprehensive loss before reclassifications
 
(31
)
 
(36
)
 
—

 
(67
)
Losses reclassified from net accumulated other comprehensive loss
 
389

 
—

 
496

 
885

Net current period other comprehensive income (loss)
 
358

 
(36
)
 
496

 
818

Accumulated other comprehensive loss at June 30
 
$
(60,883
)
 
$
(135
)
 
$
(50,817
)
 
$
(111,835
)


Reclassifications from accumulated other comprehensive loss for the three and six months ended June 30, 2014 and 2013 were as follows:
 
 
Amounts Reclassified from Accumulated 
Other Comprehensive Loss
 
(Thousands of Dollars)
 
Three Months Ended June 30, 2014
 
Three Months Ended June 30, 2013
 
(Gains) losses on cash flow hedges:
 
 
 
 
 
Interest rate derivatives
 
$
956

(a) 
$
1,162

(a) 
Vehicle fuel derivatives
 
(17
)
(b) 
(17
)
(b) 
Total, pre-tax
 
939

 
1,145

 
Tax benefit
 
(365
)
 
(451
)
 
Total, net of tax
 
574

 
694

 
Defined benefit pension and postretirement (gains) losses:
 
 
 
 
 
Amortization of net loss
 
1,500

(c) 
1,769

(c) 
Prior service (credit) cost
 
(86
)
(c) 
93

(c) 
Transition obligation
 
—

(c) 
2

(c) 
Total, pre-tax
 
1,414

 
1,864

 
Tax benefit
 
(550
)
 
(729
)
 
Total, net of tax
 
864

 
1,135

 
Total amounts reclassified, net of tax
 
$
1,438

 
$
1,829

 
 
 
Amounts Reclassified from Accumulated 
Other Comprehensive Loss
 
(Thousands of Dollars)
 
Six Months Ended June 30, 2014
 
Six Months Ended June 30, 2013
 
(Gains) losses on cash flow hedges:
 
 
 
 
 
Interest rate derivatives
 
$
1,902

(a) 
$
2,312

(a) 
Vehicle fuel derivatives
 
(45
)
(b) 
(42
)
(b) 
Total, pre-tax
 
1,857

 
2,270

 
Tax benefit
 
(722
)
 
(1,881
)
 
Total, net of tax
 
1,135

 
389

 
Defined benefit pension and postretirement (gains) losses:
 
 
 
 
 
Amortization of net loss
 
2,999

(c) 
3,538

(c) 
Prior service (credit) cost
 
(172
)
(c) 
186

(c) 
Transition obligation
 
—

(c) 
4

(c) 
Total, pre-tax
 
2,827

 
3,728

 
Tax benefit
 
(1,099
)
 
(3,232
)
 
Total, net of tax
 
1,728

 
496

 
Total amounts reclassified, net of tax
 
$
2,863

 
$
885

 
(a) 
Included in interest charges.
(b) 
Included in O&M expenses.
(c) 
Included in the computation of net periodic pension and postretirement benefit costs. See Note 12 for details regarding these benefit plans.