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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Notes)
6 Months Ended
Jun. 30, 2022
ACCUMULATED OTHER COMPREHENSIVE LOSS ACCUMULATED OTHER COMPREHENSIVE LOSS
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 (49,542)149 10,956 (38,437)
Amounts reclassified to net income (b)136,458 5,803 772 143,033 
Other comprehensive income86,916 5,952 11,728 104,596 
June 30, 2022$(265,399)$(101,707)$351 $(366,755)
(a) - Includes amounts related to supplemental executive retirement plan.
(b) - See Note C for details of amounts reclassified to net income for risk-management assets/liabilities.
The following table sets forth information about the balance of accumulated other comprehensive loss at June 30, 2022, representing unrealized losses related to risk-management assets and liabilities, net of tax:
Risk-
Management
Assets/Liabilities
(Thousands of dollars)
Commodity derivative instruments expected to be realized within the next 30 months (a)$(115,725)
Settled interest-rate swaps to be recognized over the life of the long-term, fixed-rate debt (b)(148,726)
Interest-rate swaps with future settlement dates expected to be amortized over the life of long-term debt
(948)
Accumulated other comprehensive loss at June 30, 2022$(265,399)
(a) - Based on commodity prices on June 30, 2022, we expect net losses of $104.1 million, net of tax, will be reclassified into earnings during the next 12 months.
(b) - We expect net losses of $21.7 million, net of tax, will be reclassified into earnings during the next 12 months.

The remaining amounts in accumulated other comprehensive loss relate primarily to our retirement and other postretirement benefit plan obligations, which are expected to be amortized over the average remaining service period of employees participating in these plans.