Components of Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Components of Accumulated Other Comprehensive Income

NOTE 16. COMPONENTS OF 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, 2024 and 2023, net of tax.

(in thousands)	2024			2023
Pension and Other Postretirement Employee Benefits
Balance at beginning of period	$	(18,925	)	$	(28,494	)
Unrecognized gains (losses) arising in AOCI during the period:
Gross		(11,743	)		13,744
Tax effect		2,936			(3,436	)
Reclassifications from AOCI to earnings:
Other1		(1,225	)		(703	)
Tax effect		306			175
Net of tax amount		(9,726	)		9,780
Other reclassifications		—			(211	)
Balance at end of period		(28,651	)		(18,925	)
Cash Flow Hedges
Balance at beginning of period		121,957			126,146
Unrecognized gains arising in AOCI during the period:
Gross		42,316			14,225
Tax effect		369			446
Reclassifications from AOCI to earnings:
Gross2		(22,321	)		(19,354	)
Tax effect		471			449
Net of tax amount		20,835			(4,234	)
Other reclassifications		—			45
Balance at end of period		142,792			121,957
Accumulated other comprehensive income, end of period	$	114,141		$	103,032

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

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

See Note 10: Derivative Instruments and Note 15: Savings Plans, Pension and Other Postretirement Employee Benefits for additional information.