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ACCUMULATED OTHER COMPREHENSIVE LOSS
9 Months Ended
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.