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ACCUMULATED OTHER COMPREHENSIVE LOSS | 9 Months Ended
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Sep. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
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
|  | (Millions of dollars)
January 1, 2023 |  | $ | (58) |  |  | $ | (55) |  |  | $ | 5 |  |  | $ | (108) |
Other comprehensive income before reclassifications |  | 86 |  |  | — |  |  | — |  |  | 86 |
Amounts reclassified to net income (b) |  | (44) |  |  | 3 |  |  | (5) |  |  | (46) |
Other comprehensive income (loss) |  | 42 |  |  | 3 |  |  | (5) |  |  | 40 |
September 30, 2023 |  | $ | (16) |  |  | $ | (52) |  |  | $ | — |  |  | $ | (68) |
(a) - Includes amounts related to supplemental executive retirement plan. (b) - See Note E 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 September 30, 2023, representing unrealized gains (losses) related to risk-management assets and liabilities, net of tax:
|  | Risk- Management Assets/Liabilities
|  | (Millions of dollars)
Commodity derivative instruments expected to be realized within the next 27 months (a) |  | $ | 19 |
Settled interest-rate swaps and Treasury locks to be recognized over the life of the long-term, fixed-rate debt (b) |  | (35) |
Accumulated other comprehensive loss at September 30, 2023 |  | $ | (16) |
(a) - Based on commodity prices on September 30, 2023, we expect net gains of $19 million, net of tax, will be reclassified into earnings during the next 12 months. The remaining forecasted gains and losses have offsetting positions and are immaterial. (b) - We expect net losses of $15 million, net of tax, will be reclassified into earnings during the next 12 months. The remaining balance in accumulated other comprehensive loss relates 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.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//220/tableOfContent + Details
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