The following table details changes in amounts included in our Accumulated Other Comprehensive Income (Loss) (AOCI) by component on our Condensed Consolidated Balance Sheets, net of tax:
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
(in thousands) |
|
2023 |
|
|
2022 |
|
Pension and Other Postretirement Employee Benefits |
|
|
|
|
|
|
Balance at beginning of period |
|
$ |
(28,494 |
) |
|
$ |
(51,369 |
) |
Unrecognized (losses) gains arising in AOCI during the period: |
|
|
|
|
|
|
Gross |
|
|
— |
|
|
|
(6,157 |
) |
Tax effect |
|
|
— |
|
|
|
1,570 |
|
Reclassifications from AOCI to earnings: |
|
|
|
|
|
|
Pension settlement1 |
|
|
— |
|
|
|
14,165 |
|
Other1 |
|
|
(176 |
) |
|
|
2,033 |
|
Tax effect |
|
|
45 |
|
|
|
(4,131 |
) |
Net of tax amount |
|
|
(131 |
) |
|
|
7,480 |
|
Balance at end of period |
|
|
(28,625 |
) |
|
|
(43,889 |
) |
Cash Flow Hedges |
|
|
|
|
|
|
Balance at beginning of period |
|
|
126,146 |
|
|
|
8,131 |
|
Unrecognized (losses) gains arising in AOCI during the period: |
|
|
|
|
|
|
Gross |
|
|
(13,881 |
) |
|
|
43,492 |
|
Tax effect |
|
|
290 |
|
|
|
(2,162 |
) |
Reclassifications from AOCI to earnings: |
|
|
|
|
|
|
Gross2 |
|
|
(3,837 |
) |
|
|
2,033 |
|
Tax effect |
|
|
93 |
|
|
|
(87 |
) |
Net of tax amount |
|
|
(17,335 |
) |
|
|
43,276 |
|
Balance at end of period |
|
|
108,811 |
|
|
|
51,407 |
|
Accumulated other comprehensive income, end of period |
|
$ |
80,186 |
|
|
$ |
7,518 |
|
1 Included in the computation of net periodic pension costs. 2 Included in Interest expense, net on the Condensed Consolidated Statement of Operations.
|