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Components of Accumulated Other Comprehensive Loss
6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Components of Accumulated Other Comprehensive Loss

NOTE 15. COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE LOSS

During 2020, changes in amounts included in our accumulated other comprehensive loss (AOCL) by component on our Condensed Consolidated Balance Sheets, net of tax, are:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in thousands)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Pension Plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

101,524

 

 

$

126,678

 

 

$

117,028

 

 

$

129,253

 

Net loss arising during the period

 

 

 

 

 

 

 

 

19,402

 

 

 

 

Effect of pension settlement

 

 

 

 

 

 

 

 

(31,811

)

 

 

 

Amounts reclassified from AOCL to earnings

 

 

(2,654

)

 

 

(2,497

)

 

 

(5,749

)

 

 

(5,072

)

Balance at end of period

 

$

98,870

 

 

$

124,181

 

 

$

98,870

 

 

$

124,181

 

Other Postretirement Benefit Plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

10,257

 

 

$

27

 

 

$

10,331

 

 

$

(1,382

)

Amounts reclassified from AOCL to earnings

 

 

(73

)

 

 

1,489

 

 

 

(147

)

 

 

2,898

 

Balance at end of period

 

$

10,184

 

 

$

1,516

 

 

$

10,184

 

 

$

1,516

 

Cash Flow Hedges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

58,525

 

 

$

10,073

 

 

$

20,000

 

 

$

1,560

 

Net loss arising during the period

 

 

3,669

 

 

 

10,598

 

 

 

43,032

 

 

 

19,192

 

Amounts reclassified from AOCL to earnings

 

 

(1,822

)

 

 

(181

)

 

 

(2,660

)

 

 

(262

)

Balance at end of period

 

$

60,372

 

 

$

20,490

 

 

$

60,372

 

 

$

20,490

 

Accumulated other comprehensive loss, end of period

 

$

169,426

 

 

$

146,187

 

 

$

169,426

 

 

$

146,187

 

See Note 14: Pension and Other Postretirement Employee Benefits and Note 9: Derivative Instruments for additional information.