Other comprehensive (loss) income (Tables)

3 Months Ended

Mar. 31, 2021

Accumulated Other Comprehensive Income (Loss)

Schedule of accumulated other comprehensive income

	Changes in Accumulated Other Comprehensive (Loss) Income by Component [1]
		Quarters ended March 31,
(In thousands)		2021		2020
Foreign currency translation	Beginning Balance	$	(71,254)	$	(56,783)
	Other comprehensive income (loss)		569		(1,818)
	Net change		569		(1,818)
	Ending balance	$	(70,685)	$	(58,601)
Adjustment of pension and postretirement benefit plans	Beginning Balance	$	(195,056)	$	(202,816)
	Amounts reclassified from accumulated other comprehensive loss for amortization of net losses		3,242		3,351
	Net change		3,242		3,351
	Ending balance	$	(191,814)	$	(199,465)
Unrealized net holding gains on debt securities	Beginning Balance	$	460,900	$	92,155
	Other comprehensive (loss) income		(369,945)		381,776
	Net change		(369,945)		381,776
	Ending balance	$	90,955	$	473,931
Unrealized net losses on cash flow hedges	Beginning Balance	$	(4,599)	$	(2,494)
	Other comprehensive income (loss) before reclassifications		1,357		(3,589)
	Amounts reclassified from accumulated other comprehensive loss		48		841
	Net change		1,405		(2,748)
	Ending balance	$	(3,194)	$	(5,242)
	Total	$	(174,738)	$	210,623
[1] All amounts presented are net of tax.

Reclassification out of accumulated other comprehensive income

The following table presents the amounts reclassified out of each component of accumulated other comprehensive (loss) income during the quarters ended March 31, 2021 and 2020.

		Reclassifications Out of Accumulated Other Comprehensive (Loss) Income
		Affected Line Item in the	Quarters ended March 31,
(In thousands)		Consolidated Statements of Operations	2021		2020
Adjustment of pension and postretirement benefit plans
	Amortization of net losses	Other operating expenses	$	(5,190)	$	(5,362)
		Total before tax		(5,190)		(5,362)
		Income tax benefit		1,948		2,011
		Total net of tax	$	(3,242)	$	(3,351)
Unrealized net losses on cash flow hedges
	Forward contracts	Mortgage banking activities	$	370	$	(1,296)
	Interest rate swaps	Other operating income	$	(279)	$	(31)
		Total before tax		91		(1,327)
		Income tax (expense) benefit		(139)		486
		Total net of tax	$	(48)	$	(841)
		Total reclassification adjustments, net of tax	$	(3,290)	$	(4,192)