Components of Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Changes in Accumulated Other Comprehensive Income

The following tables detail the changes in our Accumulated Other Comprehensive Income (AOCI) on our Consolidated Balance Sheets for the years ended December 31, 2023 and 2022, net of tax.

(in thousands)	2023			2022
Pension and Other Postretirement Employee Benefits
Balance at beginning of period	$	(28,494	)	$	(51,369	)
Unrecognized gains (losses) arising in AOCI during the period:
Gross		13,744			10,825
Tax effect		(3,436	)		(2,760	)
Reclassifications from AOCI to earnings:
Pension settlement1		—			14,165
Other1		(703	)		5,715
Tax effect		175			(5,070	)
Net of tax amount		9,780			22,875
Other reclassifications		(211	)		—
Balance at end of period		(18,925	)		(28,494	)
Cash Flow Hedges
Balance at beginning of period		126,146			8,131
Unrecognized gains arising in AOCI during the period:
Gross		14,225			117,761
Tax effect		446			(871	)
Reclassifications from AOCI to earnings:
Gross2		(19,354	)		1,241
Tax effect		449			(116	)
Net of tax amount		(4,234	)		118,015
Other reclassifications		45			—
Balance at end of period		121,957			126,146
Accumulated other comprehensive income, end of period	$	103,032		$	97,652

1.Included in the computation of net periodic pension costs.

2.Included in Interest expense, net on the Consolidated Statements of Operations.