Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2025

12. Accumulated Other Comprehensive Income

Following is a summary of the changes in the balances of accumulated other comprehensive income, which is presented net of tax:


	Unrealized
	Gain (Loss) on
	Cash Flow
	Hedges		Total
Accumulated other comprehensive income as of December 31, 2024	$	1,419	$	1,419
Other comprehensive loss before reclassifications		(176)		(176)
Amounts reclassified from accumulated other comprehensive income		(578)		(578)
Other comprehensive loss		(754)		(754)
Less: Other comprehensive loss attributable to non-controlling interest		261		261
Accumulated other comprehensive income as of June 30, 2025	$	926	$	926

Following is a summary of the tax effects allocated to other comprehensive (loss) income:


	Three Months Ended June 30, 2025
	Before-		Tax Benefit		Net-of-
	Tax Amount		(Expense)		Tax Amount
Interest rate swap	$	(5)	$	1	$	(4)
Interest rate swap - unconsolidated affiliate		8		(2)		6
Reclassification adjustment for net (gain) loss included in earnings		(355)		65		(290)
Net unrealized (loss) gain		(352)		64		(288)
Other comprehensive (loss) income	$	(352)	$	64	$	(288)


	Three Months Ended June 30, 2024
	Before-		Tax (Expense)		Net-of-
	Tax Amount		Benefit		Tax Amount
Interest rate swap	$	240	$	(43)	$	197
Interest rate swap - unconsolidated affiliate		27		(7)		20
Reclassification adjustment for net (gain) loss included in earnings		(480)		89		(391)
Net unrealized (loss) gain		(213)		39		(174)
Other comprehensive (loss) income	$	(213)	$	39	$	(174)


	Six Months Ended June 30, 2025
	Before-		Tax Benefit		Net-of-
	Tax Amount		(Expense)		Tax Amount
Interest rate swaps	$	(219)	$	39	$	(180)
Interest rate swap - unconsolidated joint venture		6		(2)		4
Reclassification adjustment for net (gain) loss included in earnings		(708)		130		(578)
Net unrealized (loss) gain		(921)		167		(754)
Other comprehensive (loss) income	$	(921)	$	167	$	(754)


	Six Months Ended June 30, 2024
	Before-		Tax (Expense)		Net-of-
	Tax Amount		Benefit		Tax Amount
Interest rate swaps	$	991	$	(176)	$	815
Interest rate swap - unconsolidated joint venture		120		(31)		89
Reclassification adjustment for net (gain) loss included in earnings		(964)		178		(786)
Net unrealized gain (loss)		147		(29)		118
Other comprehensive income (loss)	$	147	$	(29)	$	118

ST JOE Co 10-Q