ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

6 Months Ended

Jun. 30, 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	(49,542)		149		10,956		(38,437)
Amounts reclassified to net income (b)	136,458		5,803		772		143,033
Other comprehensive income	86,916		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.

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 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.