Other comprehensive (loss) income

9 Months Ended

Sep. 30, 2021

Disclosure Of Change In Accumulated Other Comprehensive Income Loss [Abstract]

Other Comprehensive Income (Loss)

Note 18 – Other comprehensive (loss) income

The following table presents changes in accumulated other comprehensive (loss) income by component for the quarters and nine months ended September 30, 2021 and 2020.

		Changes in Accumulated Other Comprehensive (Loss) Income by Component [1]
			Quarters ended				Nine months ended
			September 30,				September 30,
(In thousands)				2021		2020		2021		2020
Foreign currency translation		Beginning Balance	$	(67,959)	$	(69,458)	$	(71,254)	$	(56,783)
		Other comprehensive (loss) income		(1,265)		(2,035)		2,030		(14,710)
		Net change		(1,265)		(2,035)		2,030		(14,710)
		Ending balance	$	(69,224)	$	(71,493)	$	(69,224)	$	(71,493)
Adjustment of pension and postretirement benefit plans		Beginning Balance	$	(188,572)	$	(196,114)	$	(195,056)	$	(202,816)
		Amounts reclassified from accumulated other comprehensive loss for amortization of net losses		3,242		3,351		9,726		10,053
		Net change		3,242		3,351		9,726		10,053
		Ending balance	$	(185,330)	$	(192,763)	$	(185,330)	$	(192,763)
Unrealized net holding gains on debt securities		Beginning Balance	$	163,982	$	489,105	$	460,900	$	92,155
		Other comprehensive (loss) income		(46,956)		(5,243)		(343,874)		391,707
		Amounts reclassified from accumulated other comprehensive income for gains on securities		(18)		(35)		(18)		(35)
		Net change		(46,974)		(5,278)		(343,892)		391,672
		Ending balance	$	117,008	$	483,827	$	117,008	$	483,827
Unrealized net losses on cash flow hedges		Beginning Balance	$	(3,142)	$	(4,184)	$	(4,599)	$	(2,494)
		Other comprehensive (loss) income before reclassifications		(465)		(1,085)		662		(5,067)
		Amounts reclassified from accumulated other comprehensive loss		1,058		1,114		1,388		3,406
		Net change		593		29		2,050		(1,661)
		Ending balance	$	(2,549)	$	(4,155)	$	(2,549)	$	(4,155)
		Total	$	(140,095)	$	215,416	$	(140,095)	$	215,416
[1]	All amounts presented are net of tax.

The following table presents the amounts reclassified out of each component of accumulated other comprehensive (loss) income during the quarters and nine months ended September 30, 2021 and 2020.

		Reclassifications Out of Accumulated Other Comprehensive (Loss) Income
			Quarters ended				Nine months ended
		Affected Line Item in the	September 30,				September 30,
(In thousands)		Consolidated Statements of Operations		2021		2020		2021		2020
Adjustment of pension and postretirement benefit plans
	Amortization of net losses	Other operating expenses	$	(5,187)	$	(5,362)	$	(15,566)	$	(16,086)
		Total before tax		(5,187)		(5,362)		(15,566)		(16,086)
		Income tax benefit		1,945		2,011		5,840		6,033
		Total net of tax	$	(3,242)	$	(3,351)	$	(9,726)	$	(10,053)
Unrealized holding gains on debt securities
	Realized gain on sale of debt securities	Net gain on sale of debt securities		23		41		23		41
		Total before tax		23		41		23		41
		Income tax expense		(5)		(6)		(5)		(6)
		Total net of tax	$	18	$	35	$	18	$	35
Unrealized net losses on cash flow hedges
	Forward contracts	Mortgage banking activities	$	(1,229)	$	(1,331)	$	(854)	$	(4,590)
	Interest rate swaps	Other operating income		(289)		(282)		(853)		(537)
		Total before tax		(1,518)		(1,613)		(1,707)		(5,127)
		Income tax benefit		460		499		319		1,721
		Total net of tax	$	(1,058)	$	(1,114)	$	(1,388)	$	(3,406)
		Total reclassification adjustments, net of tax	$	(4,282)	$	(4,430)	$	(11,096)	$	(13,424)