Delta Airlines 2009 Annual Report Download - page 115
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Table of Contents
NOTE 17. VALUATION AND QUALIFYING ACCOUNTS
The following table shows our valuation and qualifying accounts for the four months ended April 30, 2007, the eight months ended December 31, 2007
and the years ended December 31, 2008 and 2009, and the associated activity for the years then ended:
Allowance for:
Obsolescence of
Expendable
Restructuring Uncollectible Parts &
and Other Accounts Supplies Valuation
(in millions) Charges(1) Receivable(2) Inventory Allowance
Balance at January 1, 2007 (Predecessor) $ 5 $ 21 $ 161 $ 5,169(3)
Additional costs and expenses 1 5 13 1,092
Payments and deductions (2) (5) (43) (1,201)
Balance at April 30, 2007 (Predecessor) 4 21 131 5,060(3)
Valuation adjustment — — (131) (230)
Additional costs and expenses — 15 11 669
Payments and deductions (1) (10) — (656)
Balance at December 31, 2007 (Successor) 3 26 11 4,843(4)
Liabilities assumed from Northwest — 6 — 3,389
Purchase accounting adjustments 94 — — 184
Additional costs and expenses 153 31 23 1,866
Payments and deductions (146) (21) (2) (452)
Balance at December 31, 2008 (Successor) 104 42 32 9,830(5)
Purchase accounting adjustments 19 — 14 —
Additional costs and expenses 126 23 34 343
Payments and deductions (106) (18) (5) (276)
Balance at December 31, 2009 (Successor) $ 143 $ 47 $ 75 $ 9,897(6)
(1) Primarily related to severance and related costs, restructuring of facility leases and other charges.
(2) The payments and deductions related to the allowance for uncollectible accounts receivable represent the write-off of accounts considered to be
uncollectible, less recoveries.
(3) $230 million of this amount is recorded in accumulated other comprehensive loss on our Consolidated Balance Sheet at January 1, 2007 and our Fresh
Start Consolidated Balance Sheet at April 30, 2007.
(4) $166 million of this amount is recorded in accumulated other comprehensive income on our Consolidated Balance Sheet at December 31, 2007. This
balance reflects a $230 million write-off recorded upon the adoption of fresh start reporting to eliminate the Predecessor's accumulated other
comprehensive loss.
(5) $1.5 billion of this amount is recorded in accumulated other comprehensive loss on our Consolidated Balance Sheet at December 31, 2008.
(6) $1.2 billion of this amount is recorded in accumulated other comprehensive loss on our Consolidated Balance Sheet at December 31, 2009.
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