Delta Airlines 2007 Annual Report Download - page 122

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Table of Contents
Index to Financial Statements
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Note 13. Comprehensive Income (Loss)
Comprehensive income (loss) primarily includes (1) our reported net income (loss), (2) changes in our unrecognized pension, postretirement, and
postemployment benefit liabilities, (3) changes in our deferred tax asset valuation allowance related to our unrecognized pension, postretirement, and
postemployment liabilities and (4) changes in the effective portion of our open fuel hedge contracts, which qualify for hedge accounting.
The following table shows the components of accumulated other comprehensive income (loss) for the eight months ended December 31, 2007, the four
months ended April 30, 2007 and the years ended December 31, 2006 and 2005:
(in millions)
Additional
Minimum
Pension
Liability
Unrecognized
Pension
Liability
Fuel
Derivative
Instruments
Marketable
Equity
Securities
Valuation
Allowance Total
Balance at January 1, 2005 (Predecessor) $ (2,329) $ — $ — $ — $ (29) $ (2,358)
Additional minimum pension liability adjustments (365) — — — — (365)
Unrealized gain — — — 1 — 1
Tax effect 141 — — — (141) —
Net of tax (224) — — 1 (141) (364)
Balance at December 31, 2005 (Predecessor) (2,553) — — 1 (170) (2,722)
Termination of Pilot Plan 2,264 — — — — 2,264
Additional minimum pension liability adjustments 257 — — — — 257
Unrealized (loss) gain — — (93) 1 — (92)
Realized loss — — 70 — — 70
Tax effect (958) — — — 239 (719)
Net of tax 1,563 — (23) 1 239 1,780
Adoption of SFAS 158 990 (727) — — 161 424
Balance at December 31, 2006 (Predecessor) — (727) (23) 2 230 (518)
Pension adjustment — 6 — — — 6
Unrealized gain — — 70 — — 70
Realized gain — — (1) — — (1)
Balance at April 30, 2007 (Predecessor) — (721) 46 2 230 (443)
Elimination of Predecessor other comprehensive loss — 721 (46) (2) (230) 443
Pension adjustment — 408 — — — 408
Unrealized gain — — 73 — — 73
Realized gain — — (46) — — (46)
Tax effect — (155) (11) — 166 —
Net of tax — 253 16 — 166 435
Balance at December 31, 2007 (Successor) $ — $ 253 $ 16 $ — $ 166 $ 435
For additional information related to our fuel hedge contracts and our additional minimum pension liability, see Notes 4 and 10, respectively.
F-62