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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 3 Months Ended
Mar. 31, 2020
Accumulated Other Comprehensive Loss

The following table sets forth the balance in accumulated other comprehensive loss for the period 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, 2020
 
$
(233,520
)
 
$
(131,481
)
 
$
(8,999
)
 
$
(374,000
)
Other comprehensive income (loss) before reclassifications
 
(106,141
)
 
20

 
(7,777
)
 
(113,898
)
Amounts reclassified to net income (loss) (c)
 
(15,164
)
 
3,542

 
134

 
(11,488
)
Other comprehensive income (loss)
 
(121,305
)
 
3,562

 
(7,643
)
 
(125,386
)
March 31, 2020
 
$
(354,825
)
 
$
(127,919
)
 
$
(16,642
)
 
$
(499,386
)
(a) - All amounts are presented net of tax.
(b) - Includes amounts related to supplemental executive retirement plan.
(c) - See Note C for details of amounts reclassified to net income (loss) for risk-management assets/liabilities and Note H for retirement and other postretirement benefit plan obligations.
Schedule of Accumulated Other Comprehensive Loss for Risk-Management Assets/Liabilities [Table Text Block]
The following table sets forth information about the balance of accumulated other comprehensive loss at March 31, 2020, 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 21 months (b)
 
$
72,180

Settled interest-rate swaps to be recognized over the life of the long-term, fixed-rate debt (c)
 
(218,877
)
Interest-rate swaps with future settlement dates expected to be amortized over the life of long-term debt
 
(208,128
)
Accumulated other comprehensive loss at March 31, 2020
 
$
(354,825
)
(a) - All amounts are presented net of tax.
(b) - Based on March 31, 2020, commodity prices, we expect to realize $73.0 million in net gains, net of tax, over the next 12 months and $0.8 million in net losses, net of tax, thereafter.
(c) - We expect losses of $29.4 million, net of tax, will be reclassified into earnings during the next 12 months as the hedged items affect earnings.