Delta Airlines 2010 Annual Report Download - page 71

Table of Contents
Definite-Lived Intangible Assets
December 31, 2010 December 31, 2009
Estimated Gross Gross
Life in Carrying Accumulated Carrying Accumulated
(in millions) Year(s) Amount Amortization Amount Amortization
Marketing agreements 1 to 18 $ 730 $ (428) $ 730 $ (370)
Contracts 17 to 34 193 (49) 193 (36)
Other 1 to 4 53 (53) 53 (45)
Total $ 976 $ (530) $ 976 $ (451)
Total amortization expense for the years ended December 31, 2010, 2009 and 2008 was $79 million, $97 million and $207 million, respectively. The
following table summarizes the expected amortization expense for our definite-lived intangible assets:
Years Ending December 31,
(in millions)
2011 $ 70
2012 69
2013 68
2014 67
2015 67
Thereafter 105
Total $ 446
NOTE 5. DEBT
The following table summarizes our debt:
December 31,
(in millions) 2010 2009
Senior Secured Exit Financing Facilities due 2012 and 2014 $ 1,450 $ 2,444
Senior Secured Credit Facilities due 2013 247 249
Senior Secured Notes due 2014 675 750
Senior Second Lien Notes due 2015 397 600
Bank Revolving Credit Facilities due 2011 and 2012 — —
Other Financing Arrangements
Certificates due in installments from 2011 to 2023 5,310 5,709
Aircraft financings due in installments from 2011 to 2025 5,170 6,005
Other secured financings due in installments from 2011 to 2031 810 911
Total secured debt 14,059 16,668
American Express Agreement 1,000 1,000
Clayton County Bonds, Series 2009 due in installments from 2014 to 2035 150 150
Other unsecured debt due in installments from 2011 to 2030 233 250
Total unsecured debt 1,383 1,400
Total secured and unsecured debt 15,442 18,068
Unamortized discount, net (935) (1,403)
Total debt 14,507 16,665
Less: current maturities (1,954) (1,445)
Total long-term debt $ 12,553 $ 15,220
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