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Other comprehensive (loss) income | 12 Months Ended
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Dec. 31, 2023
Disclosure Of Change In Accumulated Other Comprehensive Income Loss [Abstract] |
Other Comprehensive Income (Loss) | Note 22 – Other comprehensive income (loss) The following table presents changes in accumulated other comprehensive income (loss) by component for the years ended December 31, 2023 , 2022 and 2021. Changes in Accumulated Other Comprehensive (Loss) Income by Component [1] Years ended December 31, (In thousands) 2023 2022 2021 Foreign currency translation Beginning Balance $ (56,735) $ (67,307) $ (71,254) Other comprehensive (loss) income (7,793) 10,572 3,947 Net change (7,793) 10,572 3,947 Ending balance $ (64,528) $ (56,735) $ (67,307) Adjustment of pension and postretirement benefit plans Beginning Balance $ (144,335) $ (158,994) $ (195,056) Other comprehensive income (loss) before reclassifications 14,408 4,882 23,094 Amounts reclassified from accumulated other comprehensive loss for amortization of net losses 12,034 9,777 12,968 Net change 26,442 14,659 36,062 Ending balance $ (117,893) $ (144,335) $ (158,994) Unrealized net holding (losses) gains on debt securities Beginning Balance $ (2,323,903) $ (96,120) $ 460,900 Other comprehensive income (loss) before reclassifications 472,487 (2,261,097) (557,002) Amounts reclassified from accumulated other comprehensive (loss) income for gains on securities - - (18) Amounts reclassified from accumulated other comprehensive (loss) income for amortization of net unrealized losses of debt securities transferred from available-for-sale to held-to-maturity 138,306 33,314 - Net change 610,793 (2,227,783) (557,020) Ending balance $ (1,713,110) $ (2,323,903) $ (96,120) Unrealized net gains (losses) on cash flow hedges Beginning Balance $ 45 $ (2,648) $ (4,599) Other comprehensive (loss) income before reclassifications (19) 3,107 367 Amounts reclassified from accumulated other comprehensive income (loss) (26) (414) 1,584 Net change (45) 2,693 1,951 Ending balance $ - $ 45 $ (2,648) Total $ (1,895,531) $ (2,524,928) $ (325,069) [1] All amounts presented are net of tax. The following table presents the amounts reclassified out of each component of accumulated other comprehensive (loss) income for the years ended December 31, 2023, 2022, and 2021. Reclassifications Out of Accumulated Other Comprehensive (Loss) Income Affected Line Item in the Years ended December 31, (In thousands) Consolidated Statements of Operations 2023 2022 2021 Adjustment of pension and postretirement benefit plans Amortization of net losses Other operating expenses $ (19,253) $ (15,644) $ (20,749) Total before tax (19,253) (15,644) (20,749) Income tax benefit 7,219 5,867 7,781 Total net of tax $ (12,034) $ (9,777) $ (12,968) Unrealized net holding (losses) gains on debt securities Realized gain on sale of debt securities Net gain (loss) on sale of debt securities $ - $ - $ 23 Amortization of unrealized net losses of debt securities transferred to held-to-maturity Investment securities [1] (172,883) (41,642) - Total before tax (172,883) (41,642) 23 Income tax benefit (expense) 34,577 8,328 (5) Total net of tax $ (138,306) $ (33,314) $ 18 Unrealized net gains (losses) losses on cash flow hedges Forward contracts Mortgage banking activities $ 41 $ 1,458 $ (704) Interest rate swaps Other operating income - (498) (1,143) Total before tax 41 960 (1,847) Income tax (expense) benefit (15) (546) 263 Total net of tax $ 26 $ 414 $ (1,584) Total reclassification adjustments, net of tax $ (150,314) $ (42,677) $ (14,534) [1] In October 2022, the Corporation transferred U.S. Treasury securities with a fair value of $ 6.5 billion (par value of $ 7.4 billion) from its available-for- sale portfolio to its held-to-maturity portfolio. Refer to Note 6 to the Consolidated Financial Statements for additional information.

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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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