Matson Inc
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
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13. Accumulated Other Comprehensive Income (Loss)
Changes in accumulated other comprehensive income (loss) by component, net of tax, consist of the following for the years ended December 31, 2023 and 2022:
| | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · Non- · · · Accumulated | ||||||||||||||||
| · · · · · Post- · · Qualified · · · · · Other | ||||||||||||||||
| · · Pension · · Retirement · · Pension · · · · · Comprehensive | ||||||||||||||||
| (In millions) · · Benefits · · Benefits · · Benefits · · Other · · Income (Loss) | ||||||||||||||||
| Balance at December 31, 2021 | | $(39.1) | | $10.1 | | $(0.7) | | $(1.2) | | $(30.9) | | |||||
| Amortization of prior service cost | | (0.8) | | | (2.7) | | | — | | | — | | (3.5) | | ||
| Amortization of net gain (loss) | | | 14.1 | | | 11.3 | | | 0.8 | | | 1.1 | | 27.3 | | |
| Foreign currency exchange | | | — | | | — | | | — | | | (0.4) | | | (0.4) | |
| Other adjustments | | | — | | — | | — | | 0.6 | | 0.6 | | ||||
| Balance at December 31, 2022 | | (25.8) | | 18.7 | | 0.1 | | 0.1 | | (6.9) | | |||||
| Amortization of prior service cost | | — | | | (2.8) | | | — | | | — | | (2.8) | | ||
| Amortization of net gain (loss) | | 5.5 | | | (4.9) | | | (0.3) | | | — | | 0.3 | | ||
| Foreign currency exchange | | | — | | | — | | | — | | | (0.5) | | | (0.5) | |
| Other adjustments | | — | | | — | | | — | | | 1.7 | | 1.7 | | ||
| Balance at December 31, 2023 | | $(20.3) | | $11.0 | | $(0.2) | | $1.3 | | $(8.2) | | |||||
Other comprehensive income (loss) in the Consolidated Statements of Income and Comprehensive Income is shown net of tax benefit (expense) of $(1.2) million, $(9.3) million and $(8.1) million for the years ended December 2023, 2022 and 2021, respectively.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.