Discontinued operations (Tables)

9 Months Ended

Sep. 30, 2025

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations, Including Balance Sheet and Income Statement

The carrying amounts of the major classes of assets and liabilities of discontinued operations included in the Company's Consolidated Balance Sheet at September 30, 2024 were as follows:

	September 30, 2024
Assets	(In Thousands)
Current assets:
Cash, cash equivalents and restricted cash	$	15,734
Receivables, net	806,233
Inventories	46,923
Prepayments and other current assets	19,955
Total current assets of discontinued operations	888,845
Noncurrent assets:
Net property, plant and equipment	129,361
Goodwill	143,224
Other intangible assets, net	466
Investments	17,648
Operating lease right-of-use assets	68,852
Other	33,209
Total noncurrent assets of discontinued operations	392,760
Total assets of discontinued operations	$	1,281,605
Liabilities
Current liabilities:
Long-term debt due within one year	$	132,000
Accounts payable	382,597
Taxes payable	14,006
Accrued compensation	66,960
Operating lease liabilities due within one year	26,110
Other accrued liabilities	56,745
Total current liabilities of discontinued operations	678,418
Noncurrent liabilities:
Deferred income taxes	642
Operating lease liabilities	43,247
Other	13,080
Total noncurrent liabilities of discontinued operations	56,969
Total liabilities of discontinued operations	$	735,387

The reconciliation of the major classes of income and expense constituting pretax loss from discontinued operations to the after-tax loss from discontinued operations on the Consolidated Statements of Income were as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2025		2024		2025		2024
	(In thousands)
Operating revenues	$	—	$	760,822	$	2	$	2,089,446
Operating expenses	52		705,135		1,195		1,944,457
Operating (loss) income	(52)		55,687		(1,193)		144,989
Other income	—		4,868		—		11,044
Interest expense	—		2,128		—		6,431
(Loss) income from discontinued operations before income taxes	(52)		58,427		(1,193)		149,602
Income tax (benefit) expense	(13)		9,415		(255)		34,232
Discontinued operations, net of tax	$	(39)	$	49,012	$	(938)	$	115,370