American Airlines 2001 Annual Report Download - page 37
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35
A one percentage point change in the assumed health care cost trend rates would have the following effects (in millions):
One Percent
Increase
One Percent
Decrease
Impact on 2001 service and interest cost $ 26 $ (24)
Impact on postretirement benefit obligation
as of December 31, 2001 $ 206 $ (196)
12. Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss are as follows (in millions):
Minimum
Pension
Liability
Unrealized
Gain/(Loss)
on
Investments
Unrealized
Gain/(Loss)
on
Derivative
Financial
Instruments Total
Balance at December 31, 1998 $ (4) $ - $ - $ (4)
Current year net change 3 (1) - 2
Balance at December 31, 1999 (1) (1) - (2)
Current year net change (5) 5 - -
Balance at December 31, 2000 (6) 4 - (2)
Current year net change (101) 3 - (98)
Cumulative effect of adoption of
SFAS 133 as of January 1, 2001,
net of tax of $38 - - 64 64
Reclassification of derivative financial
instruments into earnings, net of tax
of $37 - - (62) (62)
Change in fair value of derivative
financial instruments, net of tax
of $30 - - (48) (48)
Balance at December 31, 2001 $ (107) $ 7 $ (46) $ (146)
As of December 31, 2001, the Company estimates during the next twelve months it will reclassify from accumulated other
comprehensive loss into net earnings approximately $33 million relating to its derivative financial instruments.