DELPHI 2011 Annual Report Download - page 58

Table of Contents
Successor
Other income, net during 2010 included $29 million of interest income, partially offset by a $9 million impairment of an investment in available-for-
sale securities and an $8 million loss on the early extinguishment of debt that was revalued to fair value as part of acquisition accounting. Additionally, other
income, net includes insurance and other recoveries and income from royalties.
During the Successor Period of 2009, other expense, net included $5 million of interest income, offset by $19 million of transactions costs related to the
Acquisition.
Predecessor
Other income, net for the Predecessor Period of 2009 included $10 million of interest income.
Reorganization Items, Net
Predecessor
Period from
January 1 to
October 6, 2009
(in millions)
Reorganization items, net $ 10,210
Predecessor
The following table details the components of bankruptcy-related reorganization items (refer to Note 1. General to the audited consolidated financial
statements included herein for additional information):
Predecessor
(Income)/expense
Period from
January 1 to
October 6, 2009
(in millions)
Sale / disposition of the Predecessor $ (794)
Extinguishment of liabilities subject to compromise (11,159)
PBGC termination of U.S. pension plans 2,818
Salaried OPEB settlement (1,168)
Professional fees directly related to reorganization 68
Other 25
Total reorganization items $ (10,210)
Income Taxes
Successor Predecessor
Year ended
December 31, 2010
Period from
August 19 to
December 31, 2009
Period from
January 1 to
October 6, 2009
(in millions) (in millions)
Income tax (expense) benefit $ (258) $ 27 $ 311
Our and the Predecessor's tax rate in all periods is affected by the tax rates in the U.S. and non-U.S. jurisdictions, the relative amount of income we earn
in such jurisdictions and the relative amount of losses for which no tax benefit was recognized due to a valuation allowance.
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