Components of Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2025

Equity [Abstract]

Components of Accumulated Other Comprehensive Income

NOTE 12. COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table details changes in amounts included in our Accumulated Other Comprehensive Income (AOCI) by component on our Condensed Consolidated Balance Sheets, net of tax:

	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands)	2025			2024			2025			2024
Pension and Other Postretirement Employee Benefits
Balance at beginning of period	$	(28,799	)	$	(19,154	)	$	(28,651	)	$	(18,925	)
Reclassifications from AOCI to earnings:
Other1		(197	)		(305	)		(394	)		(611	)
Tax effect		50			75			99			152
Net of tax amount		(147	)		(230	)		(295	)		(459	)
Balance at end of period		(28,946	)		(19,384	)		(28,946	)		(19,384	)
Cash Flow Hedges
Balance at beginning of period		126,183			137,882			142,792			121,957
Unrecognized gains (losses) arising in AOCI during the period:
Gross		(3,186	)		9,325			(15,374	)		31,197
Tax effect		26			(141	)		110			(493	)
Reclassifications from AOCI to earnings:
Gross2		(4,630	)		(5,697	)		(9,217	)		(11,416	)
Tax effect		84			124			166			248
Net of tax amount		(7,706	)		3,611			(24,315	)		19,536
Balance at end of period		118,477			141,493			118,477			141,493
Accumulated other comprehensive income, end of period	$	89,531		$	122,109		$	89,531		$	122,109

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

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

See Note 11: Pension and Other Postretirement Employee Benefits and Note 6: Derivative Instruments for additional information.