Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2014

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 9 – Accumulated Other Comprehensive Income (Loss)

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

	Cash Flow Hedges			Foreign Currency Items			Total
For the Three Months Ended September 30, 2014
Beginning balance, net of tax	($	17.8	)	($	0.4	)	($	18.2	)
Other comprehensive income (loss) before reclassifications:
Change in fair value of derivatives		47.1			—			47.1
Foreign currency translations		—			(1.6	)		(1.6	)
Income tax effect		(16.9	)		—			(16.9	)
Net of tax		30.2			(1.6	)		28.6
Amounts reclassified from accumulated other comprehensive income:
Operating revenue: oil/gas production		(1.3	)		—			(1.3	)
Income tax effect		0.5			—			0.5
Net of tax		(0.8	)		—			(0.8	)
Other comprehensive income (loss), net of tax		31.0			(1.6	)		29.4
Ending balance, net of tax	$	13.2		($	2.0	)	$	11.2

	Cash Flow Hedges			Foreign Currency Items			Total
For the Nine Months Ended September 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		3.7			—			3.7
Foreign currency translations		—			(1.3	)		(1.3	)
Income tax effect		(1.2	)		—			(1.2	)
Net of tax		2.5			(1.3	)		1.2
Amounts reclassified from accumulated other comprehensive income:
Operating revenue: oil/gas production		(17.6	)		—			(17.6	)
Derivative expense, net		(1.5	)		—			(1.5	)
Income tax effect		7.0			—			7.0
Net of tax		(12.1	)		—			(12.1	)
Other comprehensive income (loss), net of tax		14.6			(1.3	)		13.3
Ending balance, net of tax	$	13.2		($	2.0	)	$	11.2

Changes in accumulated other comprehensive income (loss) by component for the three and nine months ended September 30, 2013, were as follows (in millions):

	Cash Flow Hedges			Foreign Currency Items			Total
For the Three Months Ended September 30, 2013
Beginning balance, net of tax	$	25.0		($	0.5	)	$	24.5
Other comprehensive income (loss) before reclassifications:
Change in fair value of derivatives		(30.8	)		—			(30.8	)
Foreign currency translations		—			0.3			0.3
Income tax effect		11.1			—			11.1
Net of tax		(19.7	)		0.3			(19.4	)
Amounts reclassified from accumulated other comprehensive income:
Operating revenue: oil/gas production		(2.1	)		—			(2.1	)
Income tax effect		0.8			—			0.8
Net of tax		(1.3	)		—			(1.3	)
Other comprehensive income (loss), net of tax		(18.4	)		0.3			(18.1	)
Ending balance, net of tax	$	6.6		($	0.2	)	$	6.4

	Cash Flow Hedges			Foreign Currency Items			Total
For the Nine Months Ended September 30, 2013
Beginning balance, net of tax	$	28.8		$	—		$	28.8
Other comprehensive income (loss) before reclassifications:
Change in fair value of derivatives		(20.9	)		—			(20.9	)
Foreign currency translations		—			(0.2	)		(0.2	)
Income tax effect		7.6			—			7.6
Net of tax		(13.3	)		(0.2	)		(13.5	)
Amounts reclassified from accumulated other comprehensive income:
Operating revenue: oil/gas production		13.8			—			13.8
Income tax effect		(4.9	)		—			(4.9	)
Net of tax		8.9			—			8.9
Other comprehensive loss, net of tax		(22.2	)		(0.2	)		(22.4	)
Ending balance, net of tax	$	6.6		($	0.2	)	$	6.4