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Discontinued Operations and Disposal Groups (Tables) | 6 Months Ended
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Jun. 30, 2023
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of discontinued operations, including balance sheet and income statement | The carrying amounts of the major classes of assets and liabilities of discontinued operations included in the Company’s Consolidated Balance Sheets were as follows:
| June 30, 2022 | December 31, 2022
Assets | (In Thousands)
Current assets: |  |
Cash and cash equivalents | $ | 1,569 |  | $ | 790 |
Receivables, net | 423,420 |  | 241,302 |
Inventories | 350,457 |  | 323,277 |
Prepayments and other current assets | 23,219 |  | 17,849 |
Total current assets of discontinued operations | 798,665 |  | 583,218 |
Noncurrent assets: |  |
Net property, plant and equipment | 1,264,604 |  | 1,315,213 |
Goodwill | 274,302 |  | 274,540 |
Other intangible assets, net | 14,827 |  | 13,430 |
Investments | 33,400 |  | 33,086 |
Operating lease right-of-use assets | 45,932 |  | 45,872 |
Other | 2,962 |  | 3,610 |
Total noncurrent assets of discontinued operations | 1,636,027 |  | 1,685,751 |
Total assets of discontinued operations | $ | 2,434,692 |  | $ | 2,268,969 |
Liabilities |  |
Current liabilities: |  |
Short-term borrowings | $ | 100,000 |  | $ | 208,000 |
Long-term debt due within one year | 128,134 |  | 30,211 |
Accounts payable | 174,585 |  | 122,309 |
Taxes payable | (12,500) |  | 8,502 |
Accrued compensation | 28,621 |  | 29,192 |
Operating lease liabilities due within one year | 13,666 |  | 13,210 |
Other accrued liabilities | 69,811 |  | 76,200 |
Total current liabilities of discontinued operations | 502,317 |  | 487,624 |
Noncurrent liabilities: |  |
Long-term debt | 709,632 |  | 445,546 |
Deferred income taxes | 169,484 |  | 175,804 |
Asset retirement obligations | 27,779 |  | 33,015 |
Operating lease liabilities | 32,266 |  | 32,663 |
Other | 88,284 |  | 78,876 |
Total noncurrent liabilities of discontinued operations | 1,027,445 |  | 765,904 |
Total liabilities of discontinued operations | $ | 1,529,762 |  | $ | 1,253,528 |
The reconciliation of the major classes of income and expense constituting pretax income (loss) from discontinued operations to the after-tax income (loss) from discontinued operations on the Consolidated Statements of Income were as follows:
| Three Months Ended | Six Months Ended
| June 30, | June 30,
| 2023 | 2022 | 2023 | 2022
| (In thousands)
Operating revenues | $ | 428,020 |  | $ | 711,227 |  | $ | 735,259 |  | $ | 1,020,726 |
Operating expenses | 416,686 |  | 653,116 |  | 767,960 |  | 1,002,728 |
Operating income (loss) | 11,334 |  | 58,111 |  | (32,701) |  | 17,998 |
Other income (expense) | 1,889 |  | (2,037) |  | 2,381 |  | (3,394) |
Interest expense | 23,544 |  | 8,926 |  | 37,611 |  | 15,293 |
Income (loss) from discontinued operations before income taxes | (10,321) |  | 47,148 |  | (67,931) |  | (689) |
Income taxes | 6,620 |  | 12,243 |  | (5,467) |  | 1,409 |
Income (loss) from discontinued operations | $ | (16,941) |  | $ | 34,905 |  | $ | (62,464) |  | $ | (2,098) |

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