Delta Airlines 2008 Annual Report Download - page 100
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Table of Contents
Index to Financial Statements
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Definite-Lived Intangible Assets
(in millions)
Weighted-
Average Life
in Years
Gross
Carrying
Amount
December 31,
2007 Impairment
Acquired
in
Northwest
Merger
Gross
Carrying
Amount
December 31,
2008
Accumulated
Amortization
Marketing agreements(1) 9 $ 710 $ — $ 27 $ 737 $ (312)
Contracts 34 205 (12) — 193 (24)
Northwest tradename 1 — — 40 40 (7)
Customer relationships 4 40 (31) — 9 (9)
Domestic routes and slots 1 — — 4 4 (1)
Other 1 1 — — 1 (1)
Total 14 $ 956 $ (43) $ 71 $ 984 $ (354)
(1) In December 2008, we announced a multi-year extension of our Co-brand Credit Card relationship with American Express (the "American Express Agreement"). Accordingly, we
extended the useful life of the American Express Agreement intangible asset to the date the contract expires.
Weighted-
Average Life in
Years
Gross
Carrying
Amount
December 31,
2007
Accumulated
Amortization
Marketing agreements 4 $ 710 $ (129)
Contracts 34 205 (10)
Customer relationships 4 40 (7)
Other 1 1 (1)
Total 10 $ 956 $ (147)
Total amortization expense recognized for the year ended December 31, 2008, the eight months ended December 31, 2007, the four months ended
April 30, 2007 and the year ended December 31, 2006 was $207 million, $147 million, $1 million, and $1 million, respectively. The following table
summarizes the expected amortization expense for our definite-lived intangible assets:
Years Ending December 31,
(in millions)
2009 $105
2010 79
2011 70
2012 69
2013 68
After 2013 239
Total $630
F-30