Delta Airlines 2005 Annual Report Download - page 123

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Table of Contents
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
• During 2004, primarily in the June 2004 quarter, we recorded a valuation allowance against substantially all of our net
deferred tax assets. See Note 11 for additional information about this charge.
• In December 2004, we recorded impairment charges related to goodwill and indefinite-lived intangible assets. See
Note 7 for additional information about these charges.
• In December 2004, we recognized a gain of $123 million upon the sale of our investment in Orbitz. See Note 18 for
additional information about this sale. F-61