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Other comprehensive income (loss) | 6 Months Ended
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Jun. 30, 2024
Disclosure Of Change In Accumulated Other Comprehensive Income Loss [Abstract] |
Other Comprehensive Income (Loss) | Note 18 – Other comprehensive income (loss) The following table presents changes in accumulated other comprehensive income (loss) by component for the quarters ended June 30, 2024 and, 2023. Changes in Accumulated Other Comprehensive Loss by Component [1] Quarters ended Six months ended June 30, June 30, (In thousands) 2024 2023 2024 2023 Foreign currency translation Beginning Balance $ (68,548) $ (61,980) $ (64,528) $ (56,735) Other comprehensive income (loss) 165 6,001 (3,855) 756 Net change 165 6,001 (3,855) 756 Ending balance $ (68,383) $ (55,979) $ (68,383) $ (55,979) Adjustment of pension and postretirement benefit plans Beginning Balance $ (115,632) $ (141,327) $ (117,894) $ (144,335) Amounts reclassified from accumulated other comprehensive loss for amortization of net losses 2,261 3,008 4,522 6,016 Net change 2,261 3,008 4,522 6,016 Ending balance $ (113,371) $ (138,319) $ (113,372) $ (138,319) Unrealized net holding losses on debt securities Beginning Balance $ (1,749,006) $ (2,098,518) $ (1,713,109) $ (2,323,903) Other comprehensive income (loss) 16,941 (69,941) (54,163) 121,811 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 35,537 34,322 70,745 67,955 Net change 52,478 (35,619) 16,582 189,766 Ending balance $ (1,696,528) $ (2,134,137) $ (1,696,527) $ (2,134,137) Unrealized net (losses) gains on cash flow hedges Beginning Balance $ - $ - $ - $ 45 Other comprehensive (loss) income before reclassifications - - - (19) Amounts reclassified from accumulated other comprehensive income (loss) - - - (26) Net change - - - (45) Total $ (1,878,282) $ (2,328,435) $ (1,878,282) $ (2,328,435) [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, 2024 and 2023. 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 2024 2023 2024 2023 Adjustment of pension and postretirement benefit plans Amortization of net losses Other operating expenses $ (3,618) $ (4,813) $ (7,236) $ (9,626) Total before tax (3,618) (4,813) (7,236) (9,626) Income tax benefit 1,357 1,805 2,714 3,610 Total net of tax $ (2,261) $ (3,008) $ (4,522) $ (6,016) 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 $ (44,421) $ (42,903) $ (88,430) $ (84,943) Total before tax (44,421) (42,903) (88,430) (84,943) Income tax expense 8,884 8,581 17,685 16,988 Total net of tax $ (35,537) $ (34,322) $ (70,745) $ (67,955) Unrealized net (losses) gains on cash flow hedges Forward contracts Mortgage banking activities $ - $ - $ - $ 41 Total before tax - - - 41 Income tax benefit - - - (15) Total net of tax $ - $ - $ - $ 26 Total reclassification adjustments, net of tax $ (37,798) $ (37,330) $ (75,267) $ (73,945)

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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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