Delta Airlines 2015 Annual Report Download - page 43

TableofContents
ContractualObligations
ThefollowingtablesummarizesourcontractualobligationsatDecember31,2015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representingobligationsthat
ariseintheordinarycourseofbusiness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.

ContractualObligationsbyYear(1)
(inmillions) 2016 2017 2018 2019 2020 Thereafter Total
Long-termdebt(seeNote6)







Principalamount $ 1,442 $ 869 $ 2,061 $ 1,189 $ 456 $ 2,081 $ 8,098
Interestpayments 339 294 253 166 110 294 1,456
Capitalleaseobligations(seeNote7)







Principalamount 148 94 44 35 26 36 383
Interestpayments 35 20 12 6 3 3 79
Operatingleasepayments(seeNote7) 1,583 1,440 1,307 1,158 1,053 6,220 12,761
Aircraftpurchasecommitments(seeNote10) 2,140 2,500 2,510 1,500 1,900 3,010 13,560
Contractcarrierobligations(seeNote10) 2,160 2,270 2,110 1,960 1,650 2,170 12,320
Employeebenefitobligations(seeNote9) 692 632 674 899 755 8,301 11,953
Otherobligations 680 330 280 160 70 500 2,020
Total $ 9,219 $ 8,449 $ 9,251 $ 7,073 $ 6,023 $ 22,615 $ 62,630

(1) Foradditionalinformation,seetheNotestotheConsolidatedFinancialStatementsreferencedinthetableabove.
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Londoninterbankofferedrates("LIBOR")atDecember31,2015.
OperatingLeasePayments.Representsourminimumrentalcommitmentsundernoncancelableoperatingleases(includingcertainaircraftflownbyregional
carriers).
AircraftPurchaseCommitments.Representsourcommitmentstopurchase70B-737-900ER,45A321-200,25A330-900neo,25A350-900,19E190-100,18
B-787-8andsixA330-300aircraft.Ourpurchasecommitmentforthe18B-787-8aircraftprovidesforcertainaircraftsubstitutionrights,includingforourcurrent
ordersofB-737-900ERaircraft.
ContractCarrierObligations.Representsourestimatedminimumfixedobligationsundercapacitypurchaseagreementswiththird-party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.
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