APS 2015 Annual Report Download - page 160

Table of Contents
COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The fair value of fixed income securities, summarized by contractual maturities, at December 31, 2015 is as follows (dollars in
thousands):
Fair Value
Less than one year $ 14,001
1 year – 5 years 117,356
5 years – 10 years 114,769
Greater than 10 years 174,448
Total $ 420,574
20. Changes in Accumulated Other Comprehensive Loss
The following table shows the changes in Pinnacle West's consolidated accumulated other comprehensive loss, including
reclassification adjustments, net of tax, by component for the years ended December 31, 2015 and 2014 (dollars in thousands):
Year Ended December 31,
2015
2014
Balance at beginning of period $ (68,141)
$ (78,053)
Derivative Instruments
OCI (loss) before reclassifications (957)
(810)
Amounts reclassified from accumulated other comprehensive loss (a) 4,187
13,483
Net current period OCI (loss) 3,230
12,673
Pension and Other Postretirement Benefits
OCI (loss) before reclassifications 16,980
(5,419)
Amounts reclassified from accumulated other comprehensive loss (b) 3,183
2,658
Net current period OCI (loss) 20,163
(2,761)
Balance at end of period $ (44,748)
$ (68,141)
(a) These amounts represent realized gains and losses and are included in the computation of fuel and purchased power costs
and are subject to the PSA. See Note 16.
(b) These amounts primarily represent amortization of actuarial loss, and are included in the computation of net periodic
pension cost. See Note 7.
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