Stockholder's Equity

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Stockholder's Equity

NOTE E – STOCKHOLDER’S EQUITY

Accumulated other comprehensive income (AOCI) of $11.0 and $18.4 at December 31, 2023 and 2022, respectively, is comprised of the unrealized net (loss) gain on derivative contracts, net of taxes. Changes in and reclassifications out of AOCI during 2023, 2022 and 2021 are as follows:

		2023			2022			2021
Balance at beginning of year	$	18.4		$	(1.9	)	$	(25.3	)
Amounts recorded in AOCI
Unrealized (loss) gain on derivative contracts		(5.2	)		(.9	)		18.7
Income tax effect		1.3			.2			(4.6	)
Amounts reclassified out of AOCI
Interest and other borrowing costs		(4.6	)		27.9			12.4
Income taxes		1.1			(6.9	)		(3.1	)
Net other comprehensive (loss) income		(7.4	)		20.3			23.4
Balance at end of year	$	11.0		$	18.4		$	(1.9	)