Asset Retirement Obligations

12 Months Ended

Dec. 31, 2023

Asset Retirement Obligation [Abstract]

The Company has asset retirement obligations (“AROs”) related to environmental disposal obligations associated with cylinders used to supply customers with gas products, and certain restoration obligations associated with certain of its leased facilities.

Changes in the carrying amounts of the Company’s AROs for the years ended December 31, 2023 and 2022 are shown below:


(In thousands)	2023		2022
Balance at beginning of year	$	28,035	$	17,494
Liabilities assumed in acquisitions	—		12,531
Liabilities settled	(7,254)		(453)
Liabilities incurred	2,869		788
Accretion expense	139		213
Disposition	—		(2,815)
Revision of estimate	(2,074)		277
Balance at end of year	$	21,715	$	28,035

ARO liabilities expected to be settled within twelve months are included in the consolidated balance sheets in Other accrued liabilities, while all other ARO liabilities are included in Pension benefit obligations and other liabilities in the consolidated balance sheets.