Chesapeake Energy 2015 Annual Report Download - page 113
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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
109
Accumulated Other Comprehensive Income (Loss)
For the years ended December 31, 2015 and 2014, changes in accumulated other comprehensive income (loss)
by component, net of tax, are detailed below.
Cash Flow
Hedges Investments Net Change
($ in millions)
Balance, December 31, 2014 ............................................. $ (143) $ — $ (143)
Other comprehensive income before reclassifications ... 20 — 20
Amounts reclassified from accumulated other
comprehensive income ............................................... 24 — 24
Net other comprehensive income .......................... 44 — 44
Balance, December 31, 2015 ............................................. $ (99) $ — $ (99)
Balance, December 31, 2013 ............................................. $ (167) $ 5 $ (162)
Other comprehensive income before reclassifications ... 1 — 1
Amounts reclassified from accumulated other
comprehensive income ............................................... 23 (5) 18
Net other comprehensive income .......................... 24 (5) 19
Balance, December 31, 2014 ............................................. $ (143) $ — $ (143)
For the years ended December 31, 2015 and 2014, amounts reclassified from accumulated other comprehensive
income (loss), net of tax, into the consolidated statements of operations are detailed below.
Details About Accumulated
Other Comprehensive
Income (Loss) Components
Affected Line Item
in the Statement
Where Net Income is Presented Amounts
Reclassified
($ in millions)
Year Ended December 31, 2015
Net losses on cash flow hedges:
Commodity contracts.................................... Oil, natural gas and NGL revenues $ 23
Foreign currency derivative .......................... Gain (loss) on purchases or exchanges
of debt 1
Total reclassifications for the period, net of tax......................................................... $ 24
Year Ended December 31, 2014
Net losses on cash flow hedges:
Commodity contracts.................................... Oil, natural gas and NGL revenues $ 23
Investments:
Sale of investment........................................ Net gain on sale of investment (5)
Total reclassifications for the period, net of tax......................................................... $ 18