Delta Airlines 2013 Annual Report Download - page 46

Contractual Obligations
The following table summarizes our contractual obligations at December 31, 2013 that we expect will be paid in cash. The table does not
include amounts that are contingent on events or other factors that are uncertain or unknown at this time, including legal contingencies, uncertain
tax positions and amounts payable under collective bargaining arrangements, among others. In addition, the table does not include expected
significant cash payments which are generally ordinary course of business obligations that do not include contractual commitments.
The amounts presented are based on various estimates, including estimates regarding the timing of payments, prevailing interest rates,
volumes purchased, the occurrence of certain events and other factors. Accordingly, the actual results may vary materially from the amounts
presented in the table.
Long-Term Debt, Principal Amount. Represents scheduled principal payments on long-term debt.
Long-Term Debt, Interest Payments. Represents estimated interest payments under our long-term debt based on the interest rates specified in
the applicable debt agreements. Interest payments on variable interest rate debt were calculated using LIBOR at December 31, 2013 .
Aircraft Purchase Commitments. Represents our commitments to purchase 88 B-737-900ER, 30 A321-200, 28 CRJ-900, 18 B-787-8 aircraft
and 10 A330-300 aircraft. Our purchase commitment for 18 B-787-8 aircraft provides for certain aircraft substitution rights.
Contract Carrier Obligations. Represents our estimated minimum fixed obligations under capacity purchase agreements with regional
carriers. The reported amounts are based on (1) the required minimum levels of flying by our contract carriers under the applicable agreements
and (2) assumptions regarding the costs associated with such minimum levels of flying.
Employee Benefit Obligations. Represents primarily (1) our estimated minimum required funding for our qualified defined benefit pension
plans based on actuarially determined estimates and (2) projected future benefit payments from our unfunded postretirement and
postemployment plans. For additional information about our employee benefit obligations, see “Critical Accounting Policies and Estimates.”
Other Obligations. Represents estimated purchase obligations under which we are required to make minimum payments for goods and
services, including but not limited to insurance, marketing, maintenance, technology, sponsorships and other third party services and products.
Additionally, other obligations includes estimates of lease payments on the remaining 75 B-717-200 aircraft still to be delivered in 2014 and
2015 from the agreements entered into in 2012 with Southwest Airlines and Boeing to lease 88 B-717-200 aircraft .
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Contractual Obligations by Year
(1)
(in millions) 2014 2015 2016 2017 2018 Thereafter Total
Long-term debt (see Note 8)
Principal amount
$
1,491
$
1,089
$
1,472
$
2,190
$
2,159
$
2,827
$
11,228
Interest payments
510
440
370
290
230
460
2,300
Capital lease obligations (see Note 9)
165
158
143
100
54
74
694
Operating lease payments (see Note 9)
1,429
1,356
1,186
1,026
831
5,666
11,494
Aircraft purchase commitments (see Note 10)
1,585
1,215
1,700
1,495
450
2,700
9,145
Contract carrier obligations (see Note 10)
2,110
2,040
1,780
1,560
1,320
1,930
10,740
Employee benefit obligations (see Note 11)
810
760
690
670
650
8,260
11,840
Other obligations
790
580
530
390
430
1,420
4,140
Total
$
8,890
$
7,638
$
7,871
$
7,721
$
6,124
$
23,337
$
61,581
(1)
For additional information, see the Notes to the Consolidated Financial Statements referenced in the table above.