Delta Airlines 2007 Annual Report Download - page 91
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Table of Contents
Index to Financial Statements
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Note 5. Goodwill and Other Intangible Assets
The following tables present information about our intangible assets, including goodwill, at December 31, 2007 and 2006:
Indefinite-Lived Intangible Assets
Successor Predecessor
December 31,
2007
December 31,
2006
(in millions)
Gross
Carrying
Amount
Gross
Carrying
Amount
Goodwill $ 12,104 $ 227
Trade name 880 1
Takeoff and arrival slots 635 71
SkyTeam alliance 480 —
Other 2 —
Total $ 14,101 $ 299
At October 1, 2007 and December 31, 2006, we performed the required annual impairment test of our goodwill and indefinite-lived intangible assets.
These tests resulted in no impairment. For additional information about our accounting policy for goodwill and other intangible assets, see Note 2.
Definite-Lived Intangible Assets
Successor Predecessor
December 31, 2007 December 31, 2006
(in millions)
Estimated
Life in
Year(s)
Gross
Carrying
Amount
Accumulated
Amortization
Estimated
Life in
Years
Gross
Carrying
Amount
Accumulated
Amortization
Marketing agreements 4 $ 710 $ (129) — $ — $ —
Contracts 17 to 34 205 (10) — — —
Customer relationships 4 40 (7) — — —
Operating rights — — — 9 to 19 121 (104)
Other 1 1 (1) 3 to 5 3 (3)
Total $ 956 $ (147) $ 124 $ (107)
Total amortization expense recognized for the eight months ended December 31, 2007, the four months ended April 30, 2007 and the years ended
December 31, 2006 and 2005 was $147 million, $1 million, $1 million and $5 million, respectively. The following table summarizes the expected
amortization expense for our definite-lived intangible assets:
Years Ending December 31,
(in millions)
2008 $217
2009 217
2010 217
2011 18
2012 12
After 2012 128
Total $809
F-31