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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued) 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 Balance, December 31, 2014 ............................................. Other comprehensive income before reclassifications ... Amounts reclassified from accumulated other comprehensive income ............................................... Net other comprehensive income .......................... Balance, December 31, 2015 .............................................

$

Balance, December 31, 2013 ............................................. Other comprehensive income before reclassifications ... Amounts reclassified from accumulated other comprehensive income ............................................... Net other comprehensive income .......................... Balance, December 31, 2014 .............................................

$

$

$

(143) 20

Investments ($ in millions) $ — —

24 44 (99)

— — —

(167) 1 23 24 (143)

$ $

$

Net Change $

$

5 —

$

(5) (5) —

$

(143) 20 24 44 (99) (162) 1 18 19 (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

Year Ended December 31, 2015 Net losses on cash flow hedges: Commodity contracts ....................................

Oil, natural gas and NGL revenues Gain (loss) on purchases or exchanges Foreign currency derivative .......................... of debt Total reclassifications for the period, net of tax .........................................................

Year Ended December 31, 2014 Net losses on cash flow hedges: Commodity contracts .................................... Oil, natural gas and NGL revenues Investments: Sale of investment ........................................ Net gain on sale of investment Total reclassifications for the period, net of tax .........................................................

109

Amounts Reclassified ($ in millions)

$

23

$

1 24

$

23

$

(5) 18

Profile for Chesapeake Energy

2015 Annual Report  

2015 Annual Report