Components of Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2025

Components of Accumulated Other Comprehensive Income

NOTE 12. COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table details changes in amounts included in our Accumulated Other Comprehensive Income (AOCI) by component on our Condensed Consolidated Balance Sheets, net of tax:


	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands)	2025			2024			2025			2024
Pension and Other Postretirement Employee Benefits
Balance at beginning of period	$	(28,946	)	$	(19,384	)	$	(28,651	)	$	(18,925	)
Reclassifications from AOCI to earnings:
Other1		(198	)		(307	)		(592	)		(918	)
Tax effect		50			77			149			229
Net of tax amount		(148	)		(230	)		(443	)		(689	)
Balance at end of period		(29,094	)		(19,614	)		(29,094	)		(19,614	)
Cash Flow Hedges
Balance at beginning of period		118,477			141,493			142,792			121,957
Unrecognized gains (losses) arising in AOCI during the period:
Gross		(90	)		(23,502	)		(15,464	)		7,695
Tax effect		380			372			490			(121	)
Reclassifications from AOCI to earnings:
Gross2		(4,935	)		(5,708	)		(14,152	)		(17,124	)
Tax effect		108			125			274			373
Net of tax amount		(4,537	)		(28,713	)		(28,852	)		(9,177	)
Other reclassifications3		(4,101	)		—			(4,101	)		—
Balance at end of period		109,839			112,780			109,839			112,780
Accumulated other comprehensive income, end of period	$	80,745		$	93,166		$	80,745		$	93,166

Included in the computation of net periodic pension costs.

Included in Interest expense, net on the Condensed Consolidated Statement of Operations.

Deferred tax impact of a forward-starting interest rate swap redesignated from our REIT to the TRS related to the August 2025 debt refinance.

See Note 11: Pension and Other Postretirement Employee Benefits and Note 6: Derivative Instruments for additional information.