v3.26.1
Other comprehensive income
 6 Months Ended
Jun. 30, 2026
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Other comprehensive income - Other comprehensive income
The following table presents changes in accumulated other comprehensive income by component for the quarters and six months ended
June 30, 2026 and 2025.
Changes in Accumulated Other Comprehensive Income (Loss) by Component [1]
Quarters ended
Six months ended
June 30,
June 30,
(In thousands)
2026
2025
2026
2025
Foreign currency translation
Beginning Balance
$(85,538)
$(78,011)
$(85,282)
$(71,365)
Other comprehensive income
22,428
7,499
22,172
854
Net change
22,428
7,499
22,172
854
Ending balance
$(63,110)
$(70,512)
$(63,110)
$(70,511)
Adjustment of pension and
postretirement benefit plans
Beginning Balance
$(89,744)
$(93,271)
$(91,155)
$(94,692)
Amounts reclassified from accumulated other
comprehensive loss for amortization of net losses
1,411
1,420
2,822
2,841
Net change
1,411
1,420
2,822
2,841
Ending balance
$(88,333)
$(91,851)
$(88,333)
$(91,851)
Unrealized net holding
losses on debt securities
Beginning Balance
$(993,406)
$(1,318,705)
$(1,005,650)
$(1,495,183)
Other comprehensive (loss) income before
reclassifications
(49,647)
48,417
(74,904)
188,646
Amounts reclassified from accumulated other
comprehensive loss for amortization of net unrealized
losses of debt securities transferred from available-for-
sale to held-to-maturity
35,110
36,994
72,611
73,242
Net change
(14,537)
85,411
(2,293)
261,888
Ending balance
$(1,007,943)
$(1,233,294)
$(1,007,943)
$(1,233,295)
Total accumulated other comprehensive loss
$(1,159,386)
$(1,395,657)
$(1,159,386)
$(1,395,657)
[1]All amounts presented are net of tax.
The following table presents the amounts reclassified out of each component of accumulated other comprehensive income during the
quarters and six months ended June 30, 2026 and 2025.
Reclassifications Out of Accumulated Other Comprehensive Loss
Quarters ended
Six months ended
Affected Line Item in the
June 30,
June 30,
(In thousands)
Consolidated Statements of Operations
2026
2025
2026
2025
Adjustment of pension and
postretirement benefit plans
Amortization of net losses
Other operating expenses
$(2,258)
$(2,272)
$(4,516)
$(4,545)
Total before tax
(2,258)
(2,272)
(4,516)
(4,545)
Income tax benefit
847
852
1,694
1,704
Total net of tax
$(1,411)
$(1,420)
$(2,822)
$(2,841)
Unrealized net holding losses on debt
securities
Amortization of unrealized net
losses of debt securities
transferred to held-to-maturity
Interest income from investment securities
$(43,886)
$(46,242)
$(90,762)
$(91,552)
Total before tax
(43,886)
(46,242)
(90,762)
(91,552)
Income tax benefit
8,776
9,248
18,151
18,310
Total net of tax
$(35,110)
$(36,994)
$(72,611)
$(73,242)
Total reclassification adjustments, net of tax
$(36,521)
$(38,414)
$(75,433)
$(76,083)