Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

Information regarding accumulated other comprehensive income (loss) for the three months ended March 31, 2023 and 2022 is as follows:

	Accumulated Other Comprehensive Income (Loss)
	PNM						Corporate and Other		PNMR Consolidated
	Unrealized Gains on Available-for-Sale Debt Securities		Pension Liability Adjustment				Fair Value Adjustment for Cash Flow Hedges
					Total				Total
	(In thousands)
Balance at December 31, 2022	$	7,422	$	(81,757)	$	(74,335)	$	8,287	$	(66,048)
Amounts reclassified from AOCI (pre-tax)	(702)		1,194		492		(2,224)		(1,732)
Income tax impact of amounts reclassified	178		(303)		(125)		565		440
Other OCI changes (pre-tax)	4,170		—		4,170		(168)		4,002
Income tax impact of other OCI changes	(1,059)		—		(1,059)		43		(1,016)
Net after-tax change	2,587		891		3,478		(1,784)		1,694
Balance at March 31, 2023	$	10,009	$	(80,866)	$	(70,857)	$	6,503	$	(64,354)

	Accumulated Other Comprehensive Income (Loss)
	PNM						Corporate and Other		PNMR Consolidated
	Unrealized Gains on Available-for-Sale Debt Securities		Pension Liability Adjustment				Fair Value Adjustment for Cash Flow Hedges
					Total				Total
	(In thousands)
Balance at December 31, 2021	$	11,715	$	(83,651)	$	(71,936)	$	—	$	(71,936)
Amounts reclassified from AOCI (pre-tax)	(1,477)		1,776		299		—		299
Income tax impact of amounts reclassified	375		(451)		(76)		—		(76)
Other OCI changes (pre-tax)	(6,524)		—		(6,524)		—		(6,524)
Income tax impact of other OCI changes	1,657		—		1,657		—		1,657
Net after-tax change	(5,969)		1,325		(4,644)		—		(4,644)
Balance at March 31, 2022	$	5,746	$	(82,326)	$	(76,580)	$	—	$	(76,580)

The Condensed Consolidated Statements of Earnings include pre-tax amounts reclassified from AOCI related to Unrealized Gains on Available-for-Sale Debt Securities in gains (losses) on investment securities, related to Pension Liability Adjustment in other (deductions), and related to Fair Value Adjustment for Cash Flow Hedges in interest charges. The income tax impacts of all amounts reclassified from AOCI are included in income taxes in the Condensed Consolidated Statements of Earnings.