ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

3 Months Ended

Mar. 31, 2021

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, 2021	$	(377,446)	$	(157,635)	$	(16,368)	$	(551,449)
Other comprehensive income (loss) before reclassifications	32,998		(167)		7,372		40,203
Amounts reclassified to net income (c)	41,387		3,805		458		45,650
Other comprehensive income	74,385		3,638		7,830		85,853
March 31, 2021	$	(303,061)	$	(153,997)	$	(8,538)	$	(465,596)

(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 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, 2021, 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 33 months (b)	$	(42,201)
Settled interest-rate swaps to be recognized over the life of the long-term, fixed-rate debt (c)	(186,076)
Interest-rate swaps with future settlement dates expected to be amortized over the life of long-term debt	(74,784)
Accumulated other comprehensive loss at March 31, 2021	$	(303,061)

(a) - All amounts are presented net of tax.

(b) - Based on commodity prices on March 31, 2021, we expect $47.7 million in net losses, net of tax, over the next 12 months and $5.5 million in net gains, net of tax, thereafter.