Delta Airlines 2011 Annual Report Download - page 88
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Benefit Payments
Benefit payments in the table below are based on the same assumptions used to measure the related benefit obligations and are paid from both funded
benefit plan trusts and current assets. Actual benefit payments may vary significantly from these estimates. Benefits earned under our pension plans and
certain postemployment benefit plans are expected to be paid from funded benefit plan trusts, while our other postretirement benefits are funded from current
assets.
The following table summarizes, the benefit payments that are scheduled to be paid in the years ending December 31:
(in millions) Pension Benefits Other Postretirement and Postemployment Benefits
2012 $ 1,060 $ 264
2013 1,070 263
2014 1,080 261
2015 1,097 261
2016 1,116 264
2017-2021 5,925 1,394
Other
We also sponsor defined benefit pension plans for eligible employees in certain foreign countries. These plans did not have a material impact on our
Consolidated Financial Statements in any period presented.
Profit Sharing Program
Our broad based employee profit sharing program provides that, for each year in which we have an annual pre-tax profit, as defined, we will pay a
specified portion of that profit to employees. Based on our pre-tax earnings for the years ended December 31, 2011 and 2010, we accrued $264 million and
$313 million under the profit sharing program, respectively. We did not record an accrual under the profit sharing program in 2009.
NOTE 11. INCOME TAXES
Income Tax (Provision) Benefit
Our income tax (provision) benefit consisted of
Year Ended December 31,
(in millions) 2011 2010 2009
Current tax (provision) benefit $ 83 $ (7) 15
Deferred tax (provision) benefit (349) (265) 850
Decrease (increase) in valuation allowance 351 257 (521)
Income tax (provision) benefit $ 85 $ (15) $ 344
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