XML 58 R40.htm IDEA: XBRL DOCUMENT v3.22.4
Derivatives (Tables)
 12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments, Offsetting Assets The following tables present the fair value of the Company’s derivative instruments on a gross and net basis as of the periods shown below:
(Thousands of Dollars)
Derivatives
designated as
hedging
instruments		Derivatives
not
designated as
hedging
instruments		Gross Amounts
of Recognized
Assets and
Liabilities
Gross
Amounts
Offset in the
Balance
Sheet(1)
Net Amounts
Presented in
the Balance
Sheet(2)
As of December 31, 2022:
Other current asset
$3,870$—$3,870$—$3,870
Other noncurrent asset
2,816—2,816—2,816
As of December 31, 2021:
Other current liability
$(2,787)$—$(2,787)$—$(2,787)
Other noncurrent liability
(3,747)—(3,747)—(3,747)
(1)    Agreements are in place that allow for the financial right of offset for derivative assets and derivative liabilities at settlement or in the event of a default under the agreements.
(2)    There are no amounts subject to an enforceable master netting arrangement that are not netted in these amounts. There are no amounts of related financial collateral received or pledged.
Schedule of Derivative Instruments, Offsetting Liabilities The following tables present the fair value of the Company’s derivative instruments on a gross and net basis as of the periods shown below:
(Thousands of Dollars)
Derivatives
designated as
hedging
instruments		Derivatives
not
designated as
hedging
instruments		Gross Amounts
of Recognized
Assets and
Liabilities
Gross
Amounts
Offset in the
Balance
Sheet(1)
Net Amounts
Presented in
the Balance
Sheet(2)
As of December 31, 2022:
Other current asset
$3,870$—$3,870$—$3,870
Other noncurrent asset
2,816—2,816—2,816
As of December 31, 2021:
Other current liability
$(2,787)$—$(2,787)$—$(2,787)
Other noncurrent liability
(3,747)—(3,747)—(3,747)
(1)    Agreements are in place that allow for the financial right of offset for derivative assets and derivative liabilities at settlement or in the event of a default under the agreements.
(2)    There are no amounts subject to an enforceable master netting arrangement that are not netted in these amounts. There are no amounts of related financial collateral received or pledged.
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income
The following table presents gains and losses for the Company’s interest rate derivatives designated as cash flow hedges (in thousands of dollars):
Year Ended December 31,
202220212020Location
Amount of gain (loss) recognized in other comprehensive income (loss) on derivative$12,067 $1,703 $(6,422)OCI
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into earnings(1,356)(2,741)(2,334)Interest Expense