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Other comprehensive (loss) income | 6 Months Ended
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Jun. 30, 2023
Disclosure Of Change In Accumulated Other Comprehensive Income Loss [Abstract] |
Other Comprehensive Income (Loss) | Note 19 – Other comprehensive loss The following table presents changes in accumulated other comprehensive loss by component for the quarters and six months ended June 30, 2023 and 2022. Changes in Accumulated Other Comprehensive Loss by Component [1] Quarters ended Six months ended June 30, June 30, (In thousands) 2023 2022 2023 2022 Foreign currency translation Beginning Balance $ (61,980) $ (70,165) $ (56,735) $ (67,307) Other comprehensive income 6,001 5,998 756 3,140 Net change 6,001 5,998 756 3,140 Ending balance $ (55,979) $ (64,167) $ (55,979) $ (64,167) Adjustment of pension and postretirement benefit plans Beginning Balance $ (141,327) $ (155,281) $ (144,335) $ (158,994) Other comprehensive income before reclassifications - - - 1,269 Amounts reclassified from accumulated other comprehensive loss for amortization of net losses 3,008 2,444 6,016 4,888 Net change 3,008 2,444 6,016 6,157 Ending balance $ (138,319) $ (152,837) $ (138,319) $ (152,837) Unrealized net holding (losses) gains on debt securities Beginning Balance $ (2,098,518) $ (1,171,950) $ (2,323,903) $ (96,120) Other comprehensive (loss) income (69,941) (563,420) 121,811 (1,639,250) Amounts reclassified from accumulated other comprehensive loss for amortization of net unrealized losses of debt securities transferred from available-for- sale to held-to-maturity 34,322 - 67,955 - Net change (35,619) (563,420) 189,766 (1,639,250) Ending balance $ (2,134,137) $ (1,735,370) $ (2,134,137) $ (1,735,370) Unrealized net losses on cash flow hedges Beginning Balance $ - $ 158 $ 45 $ (2,648) Other comprehensive (loss) income before reclassifications - (332) (19) 2,807 Amounts reclassified from accumulated other comprehensive income (loss) - (468) (26) (801) Net change - (800) (45) 2,006 Ending balance $ - $ (642) $ - $ (642) Total $ (2,328,435) $ (1,953,016) $ (2,328,435) $ (1,953,016) [1] All amounts presented are net of tax. The following table presents the amounts reclassified out of each component of accumulated other comprehensive loss during the quarters and six months ended June 30, 2023 and 2022. Reclassifications Out of Accumulated Other Comprehensive Loss Quarters ended Six months ended Affected Line Item in the June 30, June 30, (In thousands) Consolidated Statements of Operations 2023 2022 2023 2022 Adjustment of pension and postretirement benefit plans Amortization of net losses Other operating expenses $ (4,813) $ (3,911) $ (9,626) $ (7,822) Total before tax (4,813) (3,911) (9,626) (7,822) Income tax benefit 1,805 1,467 3,610 2,934 Total net of tax $ (3,008) $ (2,444) $ (6,016) $ (4,888) Unrealized net holding losses on debt securities Amortization of unrealized net losses of debt securities transferred to held-to-maturity Interest income from investment securities $ (42,903) $ - $ (84,943) $ - Total before tax (42,903) - (84,943) - Income tax expense 8,581 - 16,988 - Total net of tax $ (34,322) $ - $ (67,955) $ - Unrealized net gains (losses) on cash flow hedges Forward contracts Mortgage banking activities $ - $ 1,099 $ 41 $ 2,077 Interest rate swaps Other operating income - (219) - (498) Total before tax - 880 41 1,579 Income tax benefit - (412) (15) (778) Total net of tax $ - $ 468 $ 26 $ 801 Total reclassification adjustments, net of tax $ (37,330) $ (1,976) $ (73,945) $ (4,087)

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI https://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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