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Discontinued Operations and Disposal Groups (Tables) | 9 Months Ended
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Sep. 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:
| September 30, 2022 | December 31, 2022
Assets | (In Thousands)
Current assets: |  |
Cash and cash equivalents | $ | 16,761 |  | $ | 10,090 |
Receivables, net | 447,882 |  | 241,302 |
Inventories | 308,829 |  | 323,277 |
Prepayments and other current assets | 16,949 |  | 17,848 |
Total current assets of discontinued operations | 790,421 |  | 592,517 |
Noncurrent assets: |  |
Net property, plant and equipment | 1,275,649 |  | 1,315,213 |
Goodwill | 274,302 |  | 274,540 |
Other intangible assets, net | 14,097 |  | 13,430 |
Investments | 32,326 |  | 33,086 |
Operating lease right-of-use assets | 43,431 |  | 45,872 |
Other | 3,233 |  | 3,610 |
Total noncurrent assets of discontinued operations | 1,643,038 |  | 1,685,751 |
Total assets of discontinued operations | $ | 2,433,459 |  | $ | 2,278,268 |
Liabilities |  |
Current liabilities: |  |
Short-term borrowings | $ | 100,000 |  | $ | 208,000 |
Long-term debt due within one year | 128,133 |  | 30,211 |
Accounts payable | 178,320 |  | 131,608 |
Taxes payable | 12,874 |  | 8,502 |
Accrued compensation | 27,383 |  | 29,192 |
Operating lease liabilities due within one year | 13,000 |  | 13,210 |
Other accrued liabilities | 73,852 |  | 76,200 |
Total current liabilities of discontinued operations | 533,562 |  | 496,923 |
Noncurrent liabilities: |  |
Long-term debt | 581,588 |  | 445,546 |
Deferred income taxes | 175,529 |  | 175,804 |
Asset retirement obligations | 27,964 |  | 33,015 |
Operating lease liabilities | 30,431 |  | 32,663 |
Other | 87,159 |  | 78,876 |
Total noncurrent liabilities of discontinued operations | 902,671 |  | 765,904 |
Total liabilities of discontinued operations | $ | 1,436,233 |  | $ | 1,262,827 |
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 | Nine Months Ended
| September 30, | September 30,
| 2023 | 2022 | 2023 | 2022
| (In thousands)
Operating revenues | $ | — |  | $ | 974,774 |  | $ | 735,259 |  | $ | 1,995,500 |
Operating expenses | 1,447 |  | 825,874 |  | 769,407 |  | 1,828,602 |
Operating income (loss) | (1,447) |  | 148,900 |  | (34,148) |  | 166,898 |
Other income (expense) | — |  | (1,005) |  | 2,382 |  | (4,399) |
Interest expense | (66) |  | 11,173 |  | 37,545 |  | 26,466 |
Income (loss) from discontinued operations before income taxes | (1,381) |  | 136,722 |  | (69,311) |  | 136,033 |
Income taxes | 1,908 |  | 31,120 |  | (3,559) |  | 32,529 |
Discontinued operations, net of tax | $ | (3,289) |  | $ | 105,602 |  | $ | (65,752) |  | $ | 103,504 |

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