Orbitz 2008 Annual Report Download - page 125

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Schedule II—Valuation and Qualifying Accounts
Balance at
Beginning of
Period
Charged to
Costs and
Expenses
Charged to
Other Accounts
Deductions
Balance at
End of Period
(in millions)
Tax Valuation Allowance
Successor
Year Ended December 31, 2007 $ 415 $ 46 $ (117)(a) $ (14)(b) $ 330
Period from August 23, 2006 to
December 31, 2006 408 7 — — 415
Predecessor
Period from January 1, 2006 to
August 22, 2006 577 114 (18)(c) — 673
Year Ended December 31, 2005 518 14 45 (d) — 577
(a)
Represents adjustments made to reflect the decreases in the valuation allowance related to the tax sharing agreement with the Founding Airlines.
(b)
Represents the expiration of a U.S. federal income tax capital loss carryforward.
(c)
Represents reductions related to a corresponding reduction in deferred tax assets not recorded through the consolidated statements of operations.
(d)
Represents the additional valuation allowance required for ebookers Limited upon acquisition by Cendant.
118
Source: Orbitz Worldwide, In, 10-K/A, August 28, 2008