XML 29 R19.htm IDEA: XBRL DOCUMENT v3.23.2
Comprehensive income
6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
Comprehensive income

9. Comprehensive income

The following tables display the components of other comprehensive income (loss) and amounts reclassified from accumulated other comprehensive income (loss) to net income:

 

Investment

 

 

Defined Benefit

 

 

 

 

 

Total
Amount

 

 

 

Income

 

 

 

 

 

Securities

 

 

Plans

 

 

Other

 

 

Before Tax

 

 

 

Tax

 

 

Net

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance — January 1, 2023

$

(444,192

)

 

 

(272,856

)

 

 

(349,129

)

 

$

(1,066,177

)

 

 

 

276,147

 

 

$

(790,030

)

Other comprehensive income (loss) before reclassifications:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding gains, net

 

3,392

 

 

 

 

 

 

 

 

 

3,392

 

 

 

 

(2,062

)

 

 

1,330

 

Foreign currency translation adjustment

 

 

 

 

 

 

 

3,550

 

 

 

3,550

 

 

 

 

(1,040

)

 

 

2,510

 

Unrealized losses on cash flow hedges

 

 

 

 

 

 

 

(207,774

)

 

 

(207,774

)

 

 

 

51,363

 

 

 

(156,411

)

Total other comprehensive income (loss) before
   reclassifications

 

3,392

 

 

 

 

 

 

(204,224

)

 

 

(200,832

)

 

 

 

48,261

 

 

 

(152,571

)

Amounts reclassified from accumulated other comprehensive
   income (loss) that (increase) decrease net income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accretion of net gain on terminated cash flow hedges

 

 

 

 

 

 

 

(61

)

 

 

(61

)

(b)

 

 

16

 

 

 

(45

)

Net yield adjustment from cash flow hedges
   currently in effect

 

 

 

 

 

 

 

107,730

 

 

 

107,730

 

(a)

 

 

(26,631

)

 

 

81,099

 

Amortization of prior service credit

 

 

 

 

(927

)

 

 

 

 

 

(927

)

(c)

 

 

36

 

 

 

(891

)

Amortization of actuarial losses

 

 

 

 

(2,457

)

 

 

 

 

 

(2,457

)

(c)

 

 

95

 

 

 

(2,362

)

Total other comprehensive income (loss)

 

3,392

 

 

 

(3,384

)

 

 

(96,555

)

 

 

(96,547

)

 

 

 

21,777

 

 

 

(74,770

)

Balance — June 30, 2023

$

(440,800

)

 

 

(276,240

)

 

 

(445,684

)

 

$

(1,162,724

)

 

 

 

297,924

 

 

$

(864,800

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance — January 1, 2022

$

104,691

 

 

 

(360,276

)

 

 

83,531

 

 

$

(172,054

)

 

 

 

44,476

 

 

$

(127,578

)

Other comprehensive income (loss) before reclassifications:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding losses, net

 

(280,918

)

 

 

 

 

 

 

 

 

(280,918

)

 

 

 

72,691

 

 

 

(208,227

)

Foreign currency translation adjustment

 

 

 

 

 

 

 

(7,873

)

 

 

(7,873

)

 

 

 

1,961

 

 

 

(5,912

)

Unrealized losses on cash flow hedges

 

 

 

 

 

 

 

(174,371

)

 

 

(174,371

)

 

 

 

45,129

 

 

 

(129,242

)

Total other comprehensive income (loss) before
   reclassifications

 

(280,918

)

 

 

 

 

 

(182,244

)

 

 

(463,162

)

 

 

 

119,781

 

 

 

(343,381

)

Amounts reclassified from accumulated other comprehensive
   income (loss) that (increase) decrease net income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of unrealized holding losses on
   held-to-maturity securities

 

1,765

 

 

 

 

 

 

 

 

 

1,765

 

(a)

 

 

(456

)

 

 

1,309

 

Accretion of net gain on terminated cash flow hedges

 

 

 

 

 

 

 

(60

)

 

 

(60

)

(b)

 

 

17

 

 

 

(43

)

Net yield adjustment from cash flow hedges
   currently in effect

 

 

 

 

 

 

 

(57,966

)

 

 

(57,966

)

(a)

 

 

15,002

 

 

 

(42,964

)

Amortization of prior service credit

 

 

 

 

(1,128

)

 

 

 

 

 

(1,128

)

(c)

 

 

267

 

 

 

(861

)

Amortization of actuarial losses

 

 

 

 

9,206

 

 

 

 

 

 

9,206

 

(c)

 

 

(2,178

)

 

 

7,028

 

Total other comprehensive income (loss)

 

(279,153

)

 

 

8,078

 

 

 

(240,270

)

 

 

(511,345

)

 

 

 

132,433

 

 

 

(378,912

)

Balance — June 30, 2022

$

(174,462

)

 

 

(352,198

)

 

 

(156,739

)

 

$

(683,399

)

 

 

 

176,909

 

 

$

(506,490

)

 

(a)
Included in interest income.
(b)
Included in interest expense.
(c)
Included in other costs of operations.

Accumulated other comprehensive income (loss), net consisted of the following:

 

 

 

 

 

Defined

 

 

 

 

 

 

 

 

 

Investment

 

 

Benefit

 

 

 

 

 

 

 

 

 

Securities

 

 

Plans

 

 

Other

 

 

Total

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance — December 31, 2022

 

$

(329,168

)

 

$

(202,186

)

 

$

(258,676

)

 

$

(790,030

)

Net gain (loss) during period

 

 

1,330

 

 

 

(3,253

)

 

 

(72,847

)

 

 

(74,770

)

Balance — June 30, 2023

 

$

(327,838

)

 

$

(205,439

)

 

$

(331,523

)

 

$

(864,800

)