ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

3 Months Ended

Mar. 31, 2022

The following table sets forth the balance in accumulated other comprehensive loss for the period indicated, net of tax:


	Risk- Management Assets/Liabilities		Retirement and Other Postretirement Benefit Plan Obligations (a)		Risk- Management Assets/Liabilities of Unconsolidated Affiliates		Accumulated Other Comprehensive Loss
	(Thousands of dollars)
January 1, 2022	$	(352,315)	$	(107,659)	$	(11,377)	$	(471,351)
Other comprehensive income (loss) before reclassifications	(71,768)		129		5,937		(65,702)
Amounts reclassified to net income (b)	66,032		2,901		448		69,381
Other comprehensive income (loss)	(5,736)		3,030		6,385		3,679
March 31, 2022	$	(358,051)	$	(104,629)	$	(4,992)	$	(467,672)

(a) - Includes amounts related to supplemental executive retirement plan.

(b) - See Note C for details of amounts reclassified to net income for risk-management assets/liabilities.

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, 2022, representing unrealized losses related to risk-management assets and liabilities, net of tax:


	Risk- Management Assets/Liabilities
	(Thousands of dollars)
Commodity derivative instruments expected to be realized within the next 33 months (a)	$	(152,351)
Settled interest-rate swaps to be recognized over the life of the long-term, fixed-rate debt (b)	(156,136)
Interest-rate swaps with future settlement dates expected to be amortized over the life of long-term debt	(49,564)
Accumulated other comprehensive loss at March 31, 2022	$	(358,051)

(a) - Based on commodity prices on March 31, 2022, we expect net losses of $147.6 million, net of tax, will be reclassified into earnings during the next 12 months.

(b) - We expect net losses of $24.5 million, net of tax, will be reclassified into earnings during the next 12 months.