Knife River Corp
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
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13. Accumulated Other Comprehensive Loss
Note 13 –Accumulated other comprehensive loss
The after-tax changes in the components of accumulated other comprehensive loss were as follows:
| Net UnrealizedLoss onDerivativeInstrumentsQualifying asHedges | PostretirementLiabilityAdjustment | TotalAccumulatedOtherComprehensiveLoss | |
|---|---|---|---|
| (In thousands) | |||
| At December 31, 2022 | $(90) | $(12,262) | $(12,352) |
| Other comprehensive income before reclassifications | — | 751 | 751 |
| Amounts reclassified from accumulated other comprehensive loss | 90 | 192 | 282 |
| Net current-period other comprehensive income | 90 | 943 | 1,033 |
| At December 31, 2023 | — | (11,319) | (11,319) |
| Other comprehensive income before reclassifications | — | 1,709 | 1,709 |
| Amounts reclassified from accumulated other comprehensive loss | — | 308 | 308 |
| Net current-period other comprehensive income | — | 2,017 | 2,017 |
| At December 31, 2024 | $— | $(9,302) | $(9,302) |
Index
The following amounts were reclassified out of accumulated other comprehensive loss into net income. The amounts presented in parentheses indicate a decrease to net income on the Consolidated Statements of Operations. The reclassifications for the years ended December 31 were as follows:
| 2024 | 2023 | 2022 | Location onConsolidatedStatements ofOperations | |
|---|---|---|---|---|
| (In thousands) | ||||
| Reclassification adjustment for loss on derivative instruments included in net income | $— | $(118) | $(435) | Interest expense |
| — | 28 | 107 | Income taxes | |
| — | (90) | (328) | ||
| Amortization of postretirement liability losses included in net periodic benefit cost | (411) | (256) | (1,167) | Other income |
| 103 | 64 | 292 | Income taxes | |
| (308) | (192) | (875) | ||
| Total reclassifications | $(308) | $(282) | $(1,203) | |
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