American Airlines 2002 Annual Report Download - page 83

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81
13. 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, 1999 $ (1) $ (1) $ - $ (2)
Current year net change (8) 7 - (1)
Income tax effect 3 (2) - 1
Balance at December 31, 2000 (6) 4 - (2)
Current year net change (161) 5 - (156)
Cumulative effect of adoption of
SFAS 133 as of January 1, 2001 - - 102 102
Reclassification of derivative
financial instruments into
earnings - - (99) (99)
Change in fair value of derivative
financial instruments - - (78) (78)
Income tax effect 60 (2) 29 87
Balance at December 31, 2001 (107) 7 (46) (146)
Current year net change (1,122) (6) - (1,128)
Reclassification of derivative
financial instruments into
earnings - - 5 5
Change in fair value of derivative
financial instruments - - 138 138
Income tax effect 109 2 (56) 55
Balance at December 31, 2002 $ (1,120) $ 3 $ 41 $ (1,076)
As of December 31, 2002, the Company estimates during the next twelve months it will reclassify from
accumulated other comprehensive loss into net earnings approximately $86 million, with no related tax impact,
relating to its derivative financial instruments.