Other comprehensive (loss) income

9 Months Ended

Sep. 30, 2022

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

Other Comprehensive Income (Loss)

Note 19 – Other comprehensive loss

The following table presents changes in accumulated other comprehensive loss by component for the quarters and nine months ended September 30, 2022 and 2021.

		Changes in Accumulated Other Comprehensive Loss by Component [1]
			Quarters ended				Nine months ended
			September 30,				September 30,
(In thousands)				2022		2021		2022		2021
Foreign currency translation		Beginning Balance	$	(64,167)	$	(67,959)	$	(67,307)	$	(71,254)
		Other comprehensive income		7,206		(1,265)		10,346		2,030
		Net change		7,206		(1,265)		10,346		2,030
		Ending balance	$	(56,961)	$	(69,224)	$	(56,961)	$	(69,224)
Adjustment of pension and postretirement benefit plans		Beginning Balance	$	(152,837)	$	(188,572)	$	(158,994)	$	(195,056)
		Other comprehensive income before reclassifications		-		-		1,269		-
		Amounts reclassified from accumulated other comprehensive loss for amortization of net losses		2,444		3,242		7,332		9,726
		Net change		2,444		3,242		8,601		9,726
		Ending balance	$	(150,393)	$	(185,330)	$	(150,393)	$	(185,330)
Unrealized net holding (losses) gains on debt securities		Beginning Balance	$	(1,735,370)	$	163,982	$	(96,120)	$	460,900
		Other comprehensive loss		(781,898)		(46,956)		(2,421,148)		(343,874)
		Amounts reclassified from accumulated other comprehensive (loss) income for gains on securities		-		(18)		-		(18)
		Net change		(781,898)		(46,974)		(2,421,148)		(343,892)
		Ending balance	$	(2,517,268)	$	117,008	$	(2,517,268)	$	117,008
Unrealized net gains (losses) on cash flow hedges		Beginning Balance	$	(642)	$	(3,142)	$	(2,648)	$	(4,599)
		Other comprehensive income (loss) before reclassifications		415		(465)		3,222		662
		Amounts reclassified from accumulated other comprehensive income (loss)		518		1,058		(283)		1,388
		Net change		933		593		2,939		2,050
		Ending balance	$	291	$	(2,549)	$	291	$	(2,549)
		Total	$	(2,724,331)	$	(140,095)	$	(2,724,331)	$	(140,095)
[1]	All amounts presented are net of tax.

The following table presents the amounts reclassified out of each component of accumulated other comprehensive loss during the quarters and nine months ended September 30, 2022 and 2021.

		Reclassifications Out of Accumulated Other Comprehensive Loss
			Quarters ended				Nine months ended
		Affected Line Item in the	September 30,				September 30,
(In thousands)		Consolidated Statements of Operations		2022		2021		2022		2021
Adjustment of pension and postretirement benefit plans
	Amortization of net losses	Other operating expenses	$	(3,911)	$	(5,187)	$	(11,733)	$	(15,566)
		Total before tax		(3,911)		(5,187)		(11,733)		(15,566)
		Income tax benefit		1,467		1,945		4,401		5,840
		Total net of tax	$	(2,444)	$	(3,242)	$	(7,332)	$	(9,726)
	Realized gain on sale of debt securities	Net gain on sale of debt securities		-		23		-		23
		Total before tax		-		23		-		23
		Income tax expense		-		(5)		-		(5)
		Total net of tax	$	-	$	18	$	-	$	18
Unrealized net gains (losses) on cash flow hedges
	Forward contracts	Mortgage banking activities	$	(828)	$	(1,229)	$	1,249	$	(854)
	Interest rate swaps	Other operating income		-		(289)		(498)		(853)
		Total before tax		(828)		(1,518)		751		(1,707)
		Income tax benefit		310		460		(468)		319
		Total net of tax	$	(518)	$	(1,058)	$	283	$	(1,388)
		Total reclassification adjustments, net of tax	$	(2,962)	$	(4,282)	$	(7,049)	$	(11,096)