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Equity | 6 Months Ended
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Jun. 30, 2024
Equity [Text Block] | EQUITY (Entergy Corporation and Entergy Louisiana) Common Stock Earnings per Share The following tables present Entergy’s basic and diluted earnings per share calculations for the three and six months ended June 30, 2024 and 2023, included on the consolidated income statements:
| For the Three Months Ended June 30,
| 2024 |  | 2023
| (Dollars In Thousands, Except Per Share Data; Shares in Millions)
|  |  | $/share |  |  |  | $/share
Consolidated net income | $51,732 |  |  |  |  | $392,014 |  |  |
Less: Preferred dividend requirements of subsidiaries and noncontrolling interests | 2,810 |  |  |  |  | 770 |  |  |
Net income attributable to Entergy Corporation | $48,922 |  |  |  |  | $391,244 |  |  |
Basic shares and earnings per average common share | 213.6 |  |  | $0.23 |  |  | 211.4 |  |  | $1.85 |
Average dilutive effect of: |  |  |  |  |  |  |
Stock options | 0.3 |  |  | — |  |  | 0.3 |  |  | — |
Other equity plans | 0.5 |  |  | — |  |  | 0.5 |  |  | (0.01) |
Diluted shares and earnings per average common shares | 214.4 |  |  | $0.23 |  |  | 212.2 |  |  | $1.84 |
| For the Six Months Ended June 30,
| 2024 |  | 2023
| (Dollars In Thousands, Except Per Share Data; Shares in Millions)
|  |  | $/share |  |  |  | $/share
Consolidated net income | $128,268 |  |  |  |  | $704,312 |  |  |
Less: Preferred dividend requirements of subsidiaries and noncontrolling interests | 4,065 |  |  |  |  | 2,133 |  |  |
Net income attributable to Entergy Corporation | $124,203 |  |  |  |  | $702,179 |  |  |
Basic shares and earnings per average common share | 213.4 |  |  | $0.58 |  |  | 211.4 |  |  | $3.32 |
Average dilutive effect of: |  |  |  |  |  |  |
Stock options | 0.3 |  |  | — |  |  | 0.3 |  |  | — |
Other equity plans | 0.5 |  |  | — |  |  | 0.5 |  |  | (0.01) |
Diluted shares and earnings per average common shares | 214.2 |  |  | $0.58 |  |  | 212.2 |  |  | $3.31 |
The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was 1,448,982 options for the three months ended June 30, 2024 and 1,315,567 options for the three months ended June 30, 2023. The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was 1,471,220 options for the six months ended June 30, 2024 and 1,248,743 options for the six months ended June 30, 2023. Entergy’s stock options and other equity compensation plans are discussed in Note 5 to the financial statements herein and in Note 12 to the financial statements in the Form 10-K. Dividends declared per common share were $1.13 for the three months ended June 30, 2024 and $1.07 for the three months ended June 30, 2023. Dividends declared per common share were $2.26 for the six months ended June 30, 2024 and $2.14 for the six months ended June 30, 2023. Equity Distribution Program See Note 7 to the financial statements in the Form 10-K for discussion of Entergy Corporation’s at the market equity distribution program. The following are updates to that discussion. In May 2024, Entergy Corporation entered into an amendment to the equity distribution sales agreement for its at the market equity distribution program wherein it increased by an additional $1 billion the aggregate gross sales price authorized under the at the market equity distribution program from $2 billion to $3 billion and added additional agents, forward purchasers, and forward sellers. The aggregate number of shares of common stock sold under this sales agreement and under any forward sale agreement may not exceed an aggregate gross sales price of $3 billion. As of June 30, 2024, an aggregate gross sales price of approximately $2 billion has been sold under the at the market equity distribution program. During the six months ended June 30, 2024 and 2023, there were no shares of common stock issued under the at the market equity distribution program. In March 2024, Entergy Corporation entered into two separate forward sale agreements for 284,922 shares and 1,160,415 shares of common stock, respectively. No amounts have been or will be recorded on Entergy’s balance sheet with respect to the equity offerings until settlements of the equity forward sale agreements occur. The forward sale agreements require Entergy Corporation to, at its election prior to May 30, 2025, either (i) physically settle the transactions by issuing the total of 284,922 shares and 1,160,415 shares, respectively, of its common stock to the forward counterparty in exchange for net proceeds at the then-applicable forward sale price specified by the applicable agreement (initially approximately $101.92 and $101.74 per share, respectively) or (ii) net settle the applicable transaction in whole or in part through the delivery or receipt of cash or shares. Each forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the applicable agreement. In connection with the forward sale agreements, the forward seller, or its affiliates, borrowed from third parties and sold 284,922 shares and 1,160,415 shares, respectively, of Entergy Corporation’s common stock. The gross sales price of these shares totaled approximately $29.3 million and $119.2 million, respectively. In connection with the sales of these shares, Entergy Corporation paid the forward seller fees of approximately $0.3 million and $1.2 million, respectively, which have not been deducted from the gross sales price. Entergy Corporation did not receive any proceeds from such sales of borrowed shares. In May 2024, Entergy Corporation entered into two separate forward sale agreements for 1,278,416 shares and 1,233,235 shares of common stock, respectively. No amounts have been or will be recorded on Entergy’s balance sheet with respect to the equity offerings until settlements of the equity forward sale agreements occur. The forward sale agreements require Entergy Corporation to, at its election prior to July 31, 2025, either (i) physically settle the transactions by issuing the total of 1,278,416 shares and 1,233,235 shares, respectively, of its common stock to the forward counterparty in exchange for net proceeds at the then-applicable forward sale price specified by the applicable agreement (initially approximately $110.32 and $107.93 per share, respectively) or (ii) net settle the applicable transaction in whole or in part through the delivery or receipt of cash or shares. Each forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the applicable agreement. In connection with the forward sale agreements, the forward seller, or its affiliates, borrowed from third parties and sold 1,278,416 shares and 1,233,235 shares, respectively, of Entergy Corporation’s common stock. The gross sales price of these shares totaled approximately $142.4 million and $134.4 million, respectively. In connection with the sales of these shares, Entergy Corporation paid the forward seller fees of approximately $1.4 million and $1.3 million, respectively, which have not been deducted from the gross sales price. Entergy Corporation did not receive any proceeds from such sales of borrowed shares. In June 2024, Entergy Corporation entered into a forward sale agreement for 1,070,003 shares of common stock. No amounts have been or will be recorded on Entergy’s balance sheet with respect to the equity offering until settlement of the equity forward sale agreement occurs. The forward sale agreement requires Entergy Corporation to, at its election prior to July 31, 2025, either (i) physically settle the transaction by issuing the total of 1,070,003 shares of its common stock to the forward counterparty in exchange for net proceeds at the then-applicable forward sale price specified by the agreement (initially approximately $106.12 per share) or (ii) net settle the transaction in whole or in part through the delivery or receipt of cash or shares. The forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the agreement. In connection with the forward sale agreement, the forward seller, or its affiliates, borrowed from third parties and sold 1,070,003 shares of Entergy Corporation’s common stock. The gross sales price of these shares totaled approximately $114.5 million. In connection with the sale of these shares, Entergy Corporation paid the forward seller fees of approximately $1.1 million which have not been deducted from the gross sales price. Entergy Corporation did not receive any proceeds from such sales of borrowed shares. Until settlement of the forward sale agreements occurs, earnings per share dilution resulting from the agreements, if any, is determined under the treasury stock method. Share dilution occurs when the average market price of Entergy Corporation’s common stock is higher than the average forward sales price. For the three months ended June 30, 2024 and 2023, 1,094,239 shares and 156,101 shares, respectively, under current and then-outstanding forward sale agreements were not included in the calculation of diluted earnings per share because their effect would have been antidilutive. For the six months ended June 30, 2024 and 2023, 1,502,247 and 78,050 shares, respectively, under current and then-outstanding forward sale agreements were not included in the calculation of diluted earnings per share because their effect would have been antidilutive. Treasury Stock During the six months ended June 30, 2024, Entergy Corporation reissued 10,757 shares of its previously repurchased common stock to satisfy stock option exercises, vesting of shares of restricted stock, and other stock-based awards. Entergy Corporation did not repurchase any of its common stock during the six months ended June 30, 2024. Retained Earnings On July 26, 2024, Entergy Corporation’s Board of Directors declared a common stock dividend of $1.13 per share, payable on September 3, 2024 to holders of record as of August 13, 2024. Comprehensive Income Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended June 30, 2024 and 2023:
| Pension and Other Postretirement Benefit Plans
| 2024 |  | 2023
| (In Thousands)
Beginning balance, April 1, | ($166,128) |  |  | ($189,727) |
Amounts reclassified from accumulated other comprehensive income (loss) | 246,489 |  |  | (3,292) |
Net other comprehensive income (loss) for the period | 246,489 |  |  | (3,292) |
Ending balance, June 30, | $80,361 |  |  | ($193,019) |
The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the six months ended June 30, 2024 and 2023:
| Pension and Other Postretirement Benefit Plans
| 2024 |  | 2023
| (In Thousands)
Beginning balance, January 1, | ($162,460) |  |  | ($191,754) |
Amounts reclassified from accumulated other comprehensive income (loss) | 242,821 |  |  | (1,265) |
Net other comprehensive income (loss) for the period | 242,821 |  |  | (1,265) |
Ending balance, June 30, | $80,361 |  |  | ($193,019) |
The following table presents changes in accumulated other comprehensive income for Entergy Louisiana for the three months ended June 30, 2024 and 2023:
| Pension and Other Postretirement Benefit Plans
| 2024 |  | 2023
| (In Thousands)
Beginning balance, April 1, | $52,774 |  |  | $54,584 |
Amounts reclassified from accumulated other comprehensive income | (2,023) |  |  | (1,773) |
Net other comprehensive loss for the period | (2,023) |  |  | (1,773) |
Ending balance, June 30, | $50,751 |  |  | $52,811 |
The following table presents changes in accumulated other comprehensive income for Entergy Louisiana for the six months ended June 30, 2024 and 2023:
| Pension and Other Postretirement Benefit Plans
| 2024 |  | 2023
| (In Thousands)
Beginning balance, January 1, | $54,798 |  |  | $55,370 |
Amounts reclassified from accumulated other comprehensive income | (4,047) |  |  | (2,559) |
Net other comprehensive loss for the period | (4,047) |  |  | (2,559) |
Ending balance, June 30, | $50,751 |  |  | $52,811 |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the three months ended June 30, 2024 and 2023 are as follows:
| Amounts reclassified from AOCI |  | Income Statement Location
| 2024 |  | 2023 |  |
| (In Thousands) |  |
Pension and other postretirement benefit plans |  |  |  |  |
Amortization of prior service credit | $3,473 |  |  | $3,398 |  |  | (a)
Amortization of net gain | 1,641 |  |  | 1,633 |  |  | (a)
Settlement loss | (316,974) |  |  | (674) |  |  | (a)
Total amortization and settlement loss | (311,860) |  |  | 4,357 |  |  |
Income taxes | 65,371 |  |  | (1,065) |  |  | Income taxes
Total amortization and settlement loss (net of tax) | ($246,489) |  |  | $3,292 |  |  |
Total reclassifications for the period (net of tax) | ($246,489) |  |  | $3,292 |  |  |
(a)These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 6 to the financial statements herein for additional details. Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the six months ended June 30, 2024 and 2023 are as follows:
| Amounts reclassified from AOCI |  | Income Statement Location
| 2024 |  | 2023 |  |
| (In Thousands) |  |
Pension and other postretirement benefit plans |  |  |  |  |
Amortization of prior service credit | $6,946 |  |  | $6,795 |  |  | (a)
Amortization of net gain | 3,037 |  |  | 3,295 |  |  | (a)
Settlement loss | (316,974) |  |  | (8,490) |  |  | (a)
Total amortization and settlement loss | (306,991) |  |  | 1,600 |  |  |
Income taxes | 64,170 |  |  | (335) |  |  | Income taxes
Total amortization and settlement loss (net of tax) | ($242,821) |  |  | $1,265 |  |  |
Total reclassifications for the period (net of tax) | ($242,821) |  |  | $1,265 |  |  |
(a)These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 6 to the financial statements herein for additional details. Total reclassifications out of accumulated other comprehensive income (AOCI) for Entergy Louisiana for the three months ended June 30, 2024 and 2023 are as follows:
|  | Amounts reclassified from AOCI |  | Income Statement Location
|  | 2024 |  | 2023 |  |
|  | (In Thousands) |  |
Pension and other postretirement benefit plans |  |  |  |  |  |
Amortization of prior service credit |  | $1,136 |  |  | $951 |  |  | (a)
Amortization of net gain |  | 1,632 |  |  | 1,564 |  |  | (a)
Settlement loss |  | — |  |  | (89) |  |  | (a)
Total amortization and settlement loss |  | 2,768 |  |  | 2,426 |  |  |
Income taxes |  | (745) |  |  | (653) |  |  | Income taxes
Total amortization and settlement loss (net of tax) |  | 2,023 |  |  | 1,773 |  |  |
Total reclassifications for the period (net of tax) |  | $2,023 |  |  | $1,773 |  |  |
(a)These accumulated other comprehensive income components are included in the computation of net periodic pension and other postretirement cost. See Note 6 to the financial statements herein for additional details. Total reclassifications out of accumulated other comprehensive income (AOCI) for Entergy Louisiana for the six months ended June 30, 2024 and 2023 are as follows:
|  | Amounts reclassified from AOCI |  | Income Statement Location
|  | 2024 |  | 2023 |  |
|  | (In Thousands) |  |
Pension and other postretirement benefit plans |  |  |  |  |  |
Amortization of prior service credit |  | $2,272 |  |  | $1,902 |  |  | (a)
Amortization of net gain |  | 3,266 |  |  | 3,129 |  |  | (a)
Settlement loss |  | — |  |  | (1,529) |  |  | (a)
Total amortization and settlement loss |  | 5,538 |  |  | 3,502 |  |  |
Income taxes |  | (1,491) |  |  | (943) |  |  | Income taxes
Total amortization and settlement loss (net of tax) |  | 4,047 |  |  | 2,559 |  |  |
Total reclassifications for the period (net of tax) |  | $4,047 |  |  | $2,559 |  |  |
(a)These accumulated other comprehensive income components are included in the computation of net periodic pension and other postretirement cost. See Note 6 to the financial statements herein for additional details.
Entergy Louisiana [Member] |
Equity [Text Block] | EQUITY (Entergy Corporation and Entergy Louisiana) Common Stock Earnings per Share The following tables present Entergy’s basic and diluted earnings per share calculations for the three and six months ended June 30, 2024 and 2023, included on the consolidated income statements:
| For the Three Months Ended June 30,
| 2024 |  | 2023
| (Dollars In Thousands, Except Per Share Data; Shares in Millions)
|  |  | $/share |  |  |  | $/share
Consolidated net income | $51,732 |  |  |  |  | $392,014 |  |  |
Less: Preferred dividend requirements of subsidiaries and noncontrolling interests | 2,810 |  |  |  |  | 770 |  |  |
Net income attributable to Entergy Corporation | $48,922 |  |  |  |  | $391,244 |  |  |
Basic shares and earnings per average common share | 213.6 |  |  | $0.23 |  |  | 211.4 |  |  | $1.85 |
Average dilutive effect of: |  |  |  |  |  |  |
Stock options | 0.3 |  |  | — |  |  | 0.3 |  |  | — |
Other equity plans | 0.5 |  |  | — |  |  | 0.5 |  |  | (0.01) |
Diluted shares and earnings per average common shares | 214.4 |  |  | $0.23 |  |  | 212.2 |  |  | $1.84 |
| For the Six Months Ended June 30,
| 2024 |  | 2023
| (Dollars In Thousands, Except Per Share Data; Shares in Millions)
|  |  | $/share |  |  |  | $/share
Consolidated net income | $128,268 |  |  |  |  | $704,312 |  |  |
Less: Preferred dividend requirements of subsidiaries and noncontrolling interests | 4,065 |  |  |  |  | 2,133 |  |  |
Net income attributable to Entergy Corporation | $124,203 |  |  |  |  | $702,179 |  |  |
Basic shares and earnings per average common share | 213.4 |  |  | $0.58 |  |  | 211.4 |  |  | $3.32 |
Average dilutive effect of: |  |  |  |  |  |  |
Stock options | 0.3 |  |  | — |  |  | 0.3 |  |  | — |
Other equity plans | 0.5 |  |  | — |  |  | 0.5 |  |  | (0.01) |
Diluted shares and earnings per average common shares | 214.2 |  |  | $0.58 |  |  | 212.2 |  |  | $3.31 |
The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was 1,448,982 options for the three months ended June 30, 2024 and 1,315,567 options for the three months ended June 30, 2023. The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was 1,471,220 options for the six months ended June 30, 2024 and 1,248,743 options for the six months ended June 30, 2023. Entergy’s stock options and other equity compensation plans are discussed in Note 5 to the financial statements herein and in Note 12 to the financial statements in the Form 10-K. Dividends declared per common share were $1.13 for the three months ended June 30, 2024 and $1.07 for the three months ended June 30, 2023. Dividends declared per common share were $2.26 for the six months ended June 30, 2024 and $2.14 for the six months ended June 30, 2023. Equity Distribution Program See Note 7 to the financial statements in the Form 10-K for discussion of Entergy Corporation’s at the market equity distribution program. The following are updates to that discussion. In May 2024, Entergy Corporation entered into an amendment to the equity distribution sales agreement for its at the market equity distribution program wherein it increased by an additional $1 billion the aggregate gross sales price authorized under the at the market equity distribution program from $2 billion to $3 billion and added additional agents, forward purchasers, and forward sellers. The aggregate number of shares of common stock sold under this sales agreement and under any forward sale agreement may not exceed an aggregate gross sales price of $3 billion. As of June 30, 2024, an aggregate gross sales price of approximately $2 billion has been sold under the at the market equity distribution program. During the six months ended June 30, 2024 and 2023, there were no shares of common stock issued under the at the market equity distribution program. In March 2024, Entergy Corporation entered into two separate forward sale agreements for 284,922 shares and 1,160,415 shares of common stock, respectively. No amounts have been or will be recorded on Entergy’s balance sheet with respect to the equity offerings until settlements of the equity forward sale agreements occur. The forward sale agreements require Entergy Corporation to, at its election prior to May 30, 2025, either (i) physically settle the transactions by issuing the total of 284,922 shares and 1,160,415 shares, respectively, of its common stock to the forward counterparty in exchange for net proceeds at the then-applicable forward sale price specified by the applicable agreement (initially approximately $101.92 and $101.74 per share, respectively) or (ii) net settle the applicable transaction in whole or in part through the delivery or receipt of cash or shares. Each forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the applicable agreement. In connection with the forward sale agreements, the forward seller, or its affiliates, borrowed from third parties and sold 284,922 shares and 1,160,415 shares, respectively, of Entergy Corporation’s common stock. The gross sales price of these shares totaled approximately $29.3 million and $119.2 million, respectively. In connection with the sales of these shares, Entergy Corporation paid the forward seller fees of approximately $0.3 million and $1.2 million, respectively, which have not been deducted from the gross sales price. Entergy Corporation did not receive any proceeds from such sales of borrowed shares. In May 2024, Entergy Corporation entered into two separate forward sale agreements for 1,278,416 shares and 1,233,235 shares of common stock, respectively. No amounts have been or will be recorded on Entergy’s balance sheet with respect to the equity offerings until settlements of the equity forward sale agreements occur. The forward sale agreements require Entergy Corporation to, at its election prior to July 31, 2025, either (i) physically settle the transactions by issuing the total of 1,278,416 shares and 1,233,235 shares, respectively, of its common stock to the forward counterparty in exchange for net proceeds at the then-applicable forward sale price specified by the applicable agreement (initially approximately $110.32 and $107.93 per share, respectively) or (ii) net settle the applicable transaction in whole or in part through the delivery or receipt of cash or shares. Each forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the applicable agreement. In connection with the forward sale agreements, the forward seller, or its affiliates, borrowed from third parties and sold 1,278,416 shares and 1,233,235 shares, respectively, of Entergy Corporation’s common stock. The gross sales price of these shares totaled approximately $142.4 million and $134.4 million, respectively. In connection with the sales of these shares, Entergy Corporation paid the forward seller fees of approximately $1.4 million and $1.3 million, respectively, which have not been deducted from the gross sales price. Entergy Corporation did not receive any proceeds from such sales of borrowed shares. In June 2024, Entergy Corporation entered into a forward sale agreement for 1,070,003 shares of common stock. No amounts have been or will be recorded on Entergy’s balance sheet with respect to the equity offering until settlement of the equity forward sale agreement occurs. The forward sale agreement requires Entergy Corporation to, at its election prior to July 31, 2025, either (i) physically settle the transaction by issuing the total of 1,070,003 shares of its common stock to the forward counterparty in exchange for net proceeds at the then-applicable forward sale price specified by the agreement (initially approximately $106.12 per share) or (ii) net settle the transaction in whole or in part through the delivery or receipt of cash or shares. The forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the agreement. In connection with the forward sale agreement, the forward seller, or its affiliates, borrowed from third parties and sold 1,070,003 shares of Entergy Corporation’s common stock. The gross sales price of these shares totaled approximately $114.5 million. In connection with the sale of these shares, Entergy Corporation paid the forward seller fees of approximately $1.1 million which have not been deducted from the gross sales price. Entergy Corporation did not receive any proceeds from such sales of borrowed shares. Until settlement of the forward sale agreements occurs, earnings per share dilution resulting from the agreements, if any, is determined under the treasury stock method. Share dilution occurs when the average market price of Entergy Corporation’s common stock is higher than the average forward sales price. For the three months ended June 30, 2024 and 2023, 1,094,239 shares and 156,101 shares, respectively, under current and then-outstanding forward sale agreements were not included in the calculation of diluted earnings per share because their effect would have been antidilutive. For the six months ended June 30, 2024 and 2023, 1,502,247 and 78,050 shares, respectively, under current and then-outstanding forward sale agreements were not included in the calculation of diluted earnings per share because their effect would have been antidilutive. Treasury Stock During the six months ended June 30, 2024, Entergy Corporation reissued 10,757 shares of its previously repurchased common stock to satisfy stock option exercises, vesting of shares of restricted stock, and other stock-based awards. Entergy Corporation did not repurchase any of its common stock during the six months ended June 30, 2024. Retained Earnings On July 26, 2024, Entergy Corporation’s Board of Directors declared a common stock dividend of $1.13 per share, payable on September 3, 2024 to holders of record as of August 13, 2024. Comprehensive Income Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended June 30, 2024 and 2023:
| Pension and Other Postretirement Benefit Plans
| 2024 |  | 2023
| (In Thousands)
Beginning balance, April 1, | ($166,128) |  |  | ($189,727) |
Amounts reclassified from accumulated other comprehensive income (loss) | 246,489 |  |  | (3,292) |
Net other comprehensive income (loss) for the period | 246,489 |  |  | (3,292) |
Ending balance, June 30, | $80,361 |  |  | ($193,019) |
The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the six months ended June 30, 2024 and 2023:
| Pension and Other Postretirement Benefit Plans
| 2024 |  | 2023
| (In Thousands)
Beginning balance, January 1, | ($162,460) |  |  | ($191,754) |
Amounts reclassified from accumulated other comprehensive income (loss) | 242,821 |  |  | (1,265) |
Net other comprehensive income (loss) for the period | 242,821 |  |  | (1,265) |
Ending balance, June 30, | $80,361 |  |  | ($193,019) |
The following table presents changes in accumulated other comprehensive income for Entergy Louisiana for the three months ended June 30, 2024 and 2023:
| Pension and Other Postretirement Benefit Plans
| 2024 |  | 2023
| (In Thousands)
Beginning balance, April 1, | $52,774 |  |  | $54,584 |
Amounts reclassified from accumulated other comprehensive income | (2,023) |  |  | (1,773) |
Net other comprehensive loss for the period | (2,023) |  |  | (1,773) |
Ending balance, June 30, | $50,751 |  |  | $52,811 |
The following table presents changes in accumulated other comprehensive income for Entergy Louisiana for the six months ended June 30, 2024 and 2023:
| Pension and Other Postretirement Benefit Plans
| 2024 |  | 2023
| (In Thousands)
Beginning balance, January 1, | $54,798 |  |  | $55,370 |
Amounts reclassified from accumulated other comprehensive income | (4,047) |  |  | (2,559) |
Net other comprehensive loss for the period | (4,047) |  |  | (2,559) |
Ending balance, June 30, | $50,751 |  |  | $52,811 |
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the three months ended June 30, 2024 and 2023 are as follows:
| Amounts reclassified from AOCI |  | Income Statement Location
| 2024 |  | 2023 |  |
| (In Thousands) |  |
Pension and other postretirement benefit plans |  |  |  |  |
Amortization of prior service credit | $3,473 |  |  | $3,398 |  |  | (a)
Amortization of net gain | 1,641 |  |  | 1,633 |  |  | (a)
Settlement loss | (316,974) |  |  | (674) |  |  | (a)
Total amortization and settlement loss | (311,860) |  |  | 4,357 |  |  |
Income taxes | 65,371 |  |  | (1,065) |  |  | Income taxes
Total amortization and settlement loss (net of tax) | ($246,489) |  |  | $3,292 |  |  |
Total reclassifications for the period (net of tax) | ($246,489) |  |  | $3,292 |  |  |
(a)These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 6 to the financial statements herein for additional details. Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the six months ended June 30, 2024 and 2023 are as follows:
| Amounts reclassified from AOCI |  | Income Statement Location
| 2024 |  | 2023 |  |
| (In Thousands) |  |
Pension and other postretirement benefit plans |  |  |  |  |
Amortization of prior service credit | $6,946 |  |  | $6,795 |  |  | (a)
Amortization of net gain | 3,037 |  |  | 3,295 |  |  | (a)
Settlement loss | (316,974) |  |  | (8,490) |  |  | (a)
Total amortization and settlement loss | (306,991) |  |  | 1,600 |  |  |
Income taxes | 64,170 |  |  | (335) |  |  | Income taxes
Total amortization and settlement loss (net of tax) | ($242,821) |  |  | $1,265 |  |  |
Total reclassifications for the period (net of tax) | ($242,821) |  |  | $1,265 |  |  |
(a)These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 6 to the financial statements herein for additional details. Total reclassifications out of accumulated other comprehensive income (AOCI) for Entergy Louisiana for the three months ended June 30, 2024 and 2023 are as follows:
|  | Amounts reclassified from AOCI |  | Income Statement Location
|  | 2024 |  | 2023 |  |
|  | (In Thousands) |  |
Pension and other postretirement benefit plans |  |  |  |  |  |
Amortization of prior service credit |  | $1,136 |  |  | $951 |  |  | (a)
Amortization of net gain |  | 1,632 |  |  | 1,564 |  |  | (a)
Settlement loss |  | — |  |  | (89) |  |  | (a)
Total amortization and settlement loss |  | 2,768 |  |  | 2,426 |  |  |
Income taxes |  | (745) |  |  | (653) |  |  | Income taxes
Total amortization and settlement loss (net of tax) |  | 2,023 |  |  | 1,773 |  |  |
Total reclassifications for the period (net of tax) |  | $2,023 |  |  | $1,773 |  |  |
(a)These accumulated other comprehensive income components are included in the computation of net periodic pension and other postretirement cost. See Note 6 to the financial statements herein for additional details. Total reclassifications out of accumulated other comprehensive income (AOCI) for Entergy Louisiana for the six months ended June 30, 2024 and 2023 are as follows:
|  | Amounts reclassified from AOCI |  | Income Statement Location
|  | 2024 |  | 2023 |  |
|  | (In Thousands) |  |
Pension and other postretirement benefit plans |  |  |  |  |  |
Amortization of prior service credit |  | $2,272 |  |  | $1,902 |  |  | (a)
Amortization of net gain |  | 3,266 |  |  | 3,129 |  |  | (a)
Settlement loss |  | — |  |  | (1,529) |  |  | (a)
Total amortization and settlement loss |  | 5,538 |  |  | 3,502 |  |  |
Income taxes |  | (1,491) |  |  | (943) |  |  | Income taxes
Total amortization and settlement loss (net of tax) |  | 4,047 |  |  | 2,559 |  |  |
Total reclassifications for the period (net of tax) |  | $4,047 |  |  | $2,559 |  |  |
(a)These accumulated other comprehensive income components are included in the computation of net periodic pension and other postretirement cost. See Note 6 to the financial statements herein for additional details.

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