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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 12 Months Ended
Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss)

The following table sets forth the balance in accumulated other comprehensive loss for the periods indicated:
 
 
Risk-
Management
Assets/Liabilities (a)
 
Retirement and Other
Postretirement
Benefit Plan
Obligations (a) (b)
 
Risk-
Management
Assets/Liabilities of
Unconsolidated
Affiliates (a)
 
Accumulated
Other
Comprehensive
Loss (a)
 
 
(Thousands of dollars)
January 1, 2018
 
$
(81,915
)
 
$
(105,411
)
 
$
(1,204
)
 
$
(188,530
)
Beginning balance adjustments (c)
 
3,078

 
(805
)
 
(2,273
)
 
—

Other comprehensive income (loss) before reclassifications
 
(5,673
)
 
(8,116
)
 
2,396

 
(11,393
)
Amounts reclassified to net income
 
36,870

 
12,887

 
28

 
49,785

Other comprehensive income (loss) attributable to ONEOK
 
31,197

 
4,771

 
2,424

 
38,392

Impact of adoption of ASU 2018-02 (d)
 
(17,020
)
 
(20,340
)
 
(741
)
 
(38,101
)
December 31, 2018
 
(64,660
)
 
(121,785
)
 
(1,794
)
 
(188,239
)
Other comprehensive loss before reclassifications
 
(147,803
)
 
(19,490
)
 
(7,275
)
 
(174,568
)
Amounts reclassified to net income
 
(21,057
)
 
9,794

 
70

 
(11,193
)
Other comprehensive income (loss)
 
(168,860
)
 
(9,696
)
 
(7,205
)
 
(185,761
)
December 31, 2019
 
$
(233,520
)
 
$
(131,481
)
 
$
(8,999
)
 
$
(374,000
)
(a) All amounts are presented net of tax.
(b) Includes amounts related to supplemental executive retirement plan.
(c) Reclassifications were made between categories to conform to current presentation.
(d) We elected to adopt this guidance in the first quarter 2018, which allows a reclassification from accumulated other comprehensive income/loss to retained earnings for the stranded tax effects resulting from the Tax Cuts and Jobs Act. After adopting and applying this guidance, our accumulated other comprehensive loss balance does not include stranded taxes resulting from the Tax Cuts and Jobs Act.
Reclassification out of Accumulated Other Comprehensive Income (Loss)
The following table sets forth the effect of reclassifications from accumulated other comprehensive loss to net income for the periods indicated:
Details about Accumulated Other
Comprehensive Loss Components
 
Years Ended December 31,
 
Affected Line Item in the
Consolidated Statements of Income
2019
 
2018
 
2017
 
 
(Thousands of dollars)
 
 
Risk-management assets/liabilities
 
 
 
 
 
 
 
 
Commodity contracts
 
$
50,345

 
$
(29,596
)
 
$
(69,561
)
 
Commodity sales revenues/ cost of sales and fuel
Interest-rate contracts
 
(23,230
)
 
(18,287
)
 
(21,025
)
 
Interest expense
 
 
27,115

 
(47,883
)
 
(90,586
)
 
Income before income taxes
 
 
(6,058
)
 
11,013

 
26,899

 
Income taxes
 
 
21,057

 
(36,870
)
 
(63,687
)
 
Net income
Noncontrolling interests
 
—

 
—

 
(18,146
)
 
Less: Net income attributable noncontrolling interests
 
 
$
21,057

 
$
(36,870
)
 
$
(45,541
)
 
Net income attributable to ONEOK
 
 
 
 
 
 
 
 
 
Retirement and other postretirement benefit plan obligations (a)
 
 
 
 
 
 
 
 
Amortization of net loss
 
$
(12,946
)
 
$
(18,398
)
 
$
(15,265
)
 
Other income (expense)
Amortization of unrecognized prior service credit
 
227

 
1,662

 
1,662

 
Other income (expense)
 
 
(12,719
)
 
(16,736
)
 
(13,603
)
 
Income before income taxes
 
 
2,925

 
3,849

 
5,441

 
Income taxes
 
 
$
(9,794
)
 
$
(12,887
)
 
$
(8,162
)
 
Net income attributable to ONEOK
 
 
 
 
 
 
 
 
 
Risk-management assets/liabilities of unconsolidated affiliates
 
 
 


 


 
 
Interest-rate contracts
 
$
(91
)
 
$
(36
)
 
$
(367
)
 
Equity in net earnings from investments
 
 
21

 
8

 
97

 
Income taxes
 
 
(70
)
 
(28
)
 
(270
)
 
Net income
Noncontrolling interests
 
—

 
—

 
(106
)
 
Less: Net income attributable to noncontrolling interests
 
 
$
(70
)
 
$
(28
)
 
$
(164
)
 
Net income attributable to ONEOK
 
 
 
 
 
 
 
 
 
Total reclassifications for the period attributable to ONEOK
 
$
11,193

 
$
(49,785
)
 
$
(53,867
)
 
Net income attributable to ONEOK

(a) - These components of accumulated other comprehensive loss are included in the computation of net periodic benefit cost. See Note K for additional detail of our net periodic benefit cost.
Schedule of Accumulated Other Comprehensive Income (Loss) for Risk-Management Assets/Liabilities [Table Text Block]
The following table sets forth information about the balance of accumulated other comprehensive loss at December 31, 2019, representing unrealized gains (losses) related to risk-management assets and liabilities:
 
 
Risk-
Management
Assets/Liabilities (a)
 
 
(Thousands of dollars)
Commodity derivative instruments expected to be realized within the next 24 months (b)
 
$
28,119

Settled interest-rate swaps to be recognized over the life of the long-term, fixed-rate debt (c)
 
(106,592
)
Interest-rate swaps with future settlement dates expected to be amortized over the life of long-term debt
 
(155,047
)
Accumulated other comprehensive loss at December 31, 2019
 
$
(233,520
)
(a) - All amounts are presented net of tax.
(b) - Based on December 31, 2019, commodity prices, we will realize $28.9 million in net gains, net of tax, over the next 12 months and $0.8 million in net loss, net of tax, thereafter.
(c) - Losses of $20.3 million, net of tax, will be reclassified into earnings during the next 12 months as the hedged items affect earnings.