Windstream 2015 Annual Report Download - page 213
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
____
F-83
11. Accumulated Other Comprehensive (Loss) Income:
Accumulated other comprehensive (loss) income balances, net of tax, were as follows for the years ended December 31:
(Millions) 2015 2014 2013
Pension and postretirement plans $ 2.8 $ 14.5 $ 26.4
Unrealized holding loss on available-for-sale securities (286.5) — —
Unrealized holding (losses) gains on interest rate swaps
Designated portion (0.6) 3.1 17.4
De-designated portion (0.1)(5.5)(15.3)
Accumulated other comprehensive (loss) income $ (284.4) $ 12.1 $ 28.5
Changes in accumulated other comprehensive (loss) income balances, net of tax, were as follows:
(Millions)
Unrealized
Holding Loss on
Available-for-Sale
Securities
Net Losses
on Interest
Rate Swaps
Pension and
Postretirement
Plans Total
Balance at December 31, 2014 $ — $ (2.4) $ 14.5 $ 12.1
Other comprehensive (loss) income before
reclassifications (286.5)(5.4) 1.2 (290.7)
Amounts reclassified from other accumulated
comprehensive income (loss) (a) — 7.1 (12.9)(5.8)
Balance at December 31, 2015 $ (286.5) $ (0.7) $ 2.8 $ (284.4)
(a) See separate table below for details about these reclassifications.
Reclassifications out of accumulated other comprehensive (loss) income were as follows for the years ended December 31:
Details about Accumulated Other
Comprehensive (Loss) Income
Components
(Millions)
Amount Reclassified from
Accumulated Other
Comprehensive (Loss) Income Affected Line Item in the
Consolidated Statements
of Operations2015 2014 2013
Losses on interest rate swaps:
Amortization of unrealized losses on
de-designated interest rate swaps $ 11.6 $ 15.8 $ 35.9 Interest expense
11.6 15.8 35.9
Income (loss) from continuing
operations before income taxes
(4.5) (6.0)(13.7) Income tax expense (benefit)
7.1 9.8 22.2 Net income (loss)
Pension and postretirement plans:
Plan curtailment (18.0) (10.0)(31.8) (a)
Amortization of net actuarial loss 1.0 0.1 1.7 (a)
Amortization of prior service credits (3.9) (5.9)(8.7) (a)
(20.9) (15.8)(38.8)
Income (loss) from continuing
operations before income taxes
8.0 6.1 14.7 Income tax expense (benefit)
(12.9) (9.7)(24.1) Net income (loss)
Total reclassifications for the period,
net of tax $ (5.8) $ 0.1 $ (1.9) Net income (loss)
(a) These accumulated other comprehensive (loss) income components are included in the computation of net periodic
benefit (income) expense (See Note 8).