| Other Comprehensive Income (Loss) The components and allocated tax effects of Other comprehensive income (loss) are as follows: | | | | | | | | | | | | | | | | | | | | | | | Before-Tax | | Tax Expense (Benefit) | | After-Tax | | | | | | | | | | | (In millions) | | Three Months Ended June 30, 2026 | | | | | | | | Net change in foreign currency translation adjustment | | $ | (12) | | | $ | (2) | | | $ | (10) | | | Net unrealized loss on hedging instruments | | (2) | | | — | | | (2) | | | Net change in pension and other post-retirement benefit obligations | | (1) | | | (1) | | | — | | | Other comprehensive loss attributable to HF Sinclair stockholders | | $ | (15) | | | $ | (3) | | | $ | (12) | | | | | | | | | | Three Months Ended June 30, 2025 | | | | | | | | Net change in foreign currency translation adjustment | | $ | 31 | | | $ | 6 | | | $ | 25 | | | Net change in pension and other post-retirement benefit obligations | | (1) | | | — | | | (1) | | | Other comprehensive income attributable to HF Sinclair stockholders | | $ | 30 | | | $ | 6 | | | $ | 24 | | | | | | | | | | Six Months Ended June 30, 2026 | | | | | | | | Net change in foreign currency translation adjustment | | $ | (21) | | | $ | (4) | | | $ | (17) | | | Net unrealized loss on hedging instruments | | (2) | | | — | | | (2) | | | Net change in pension and other post-retirement benefit obligations | | (2) | | | (1) | | | (1) | | | Other comprehensive loss attributable to HF Sinclair stockholders | | $ | (25) | | | $ | (5) | | | $ | (20) | | | | | | | | | | Six Months Ended June 30, 2025 | | | | | | | | Net change in foreign currency translation adjustment | | $ | 36 | | | $ | 6 | | | $ | 30 | | | Net change in pension and other post-retirement benefit obligations | | (2) | | | 1 | | | (3) | | | Other comprehensive income attributable to HF Sinclair stockholders | | $ | 34 | | | $ | 7 | | | $ | 27 | |
The following table presents the line item effects for reclassifications out of accumulated other comprehensive income (“AOCI”) and into the consolidated statements of operations:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | | | | 2026 | | 2025 | | | | | | | | | | | AOCI Component | | Gain (Loss) Reclassified from AOCI | | Statements of Operations Line Item | | | | | | | | (In millions) | | | | Hedging instruments: | | | | | | | | Commodity price swaps | | $ | (1) | | | $ | — | | | Sales and other revenues | | | (1) | | | — | | | Income tax benefit | | | — | | | — | | | Net of tax | | | | | | | | | Post-retirement healthcare obligations | | 1 | | | 1 | | | Other income (expense), net | | | 1 | | | — | | | Income tax expense | | | — | | | 1 | | | Net of tax | | | | | | | | | Total reclassifications for the period | | $ | — | | | $ | 1 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, | | | | | 2026 | | 2025 | | | | | | | | | | | AOCI Component | | Gain (Loss) Reclassified from AOCI | | Statements of Operations Line Item | | | | | | | | (In millions) | | | | Hedging instruments: | | | | | | | | Commodity price swaps | | $ | (1) | | | $ | — | | | Sales and other revenues | | | (1) | | | — | | | Income tax benefit | | | — | | | — | | | Net of tax | | | | | | | | | Post-retirement healthcare obligations | | 2 | | | 2 | | | Other income (expense), net | | | 1 | | | 1 | | | Income tax expense | | | 1 | | | 1 | | | Net of tax | | | | | | | | | Total reclassifications for the period | | $ | 1 | | | $ | 1 | | | |
Accumulated other comprehensive loss in the equity section of our consolidated balance sheets includes: | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | | | | | | | | (In millions) | | Foreign currency translation adjustment | | $ | (47) | | | $ | (30) | | Unrealized loss on hedging activities | | (2) | | | — | | | Unrealized gain on post-retirement benefit obligations | | 3 | | | 4 | | | Accumulated other comprehensive loss | | $ | (46) | | | $ | (26) | |
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