Orbitz 2009 Annual Report Download - page 118
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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, 2008 .... $330 $ 27 $ (37) (a) $ — $320
Year Ended December 31, 2007 .... 415 46 (117) (b) (14) (c) 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)(d) — 673
(a) Represents current year foreign currency translation adjustments to the valuation allowance.
(b) Represents adjustments made to reflect the decreases in the valuation allowance related to the tax sharing
agreement with the Founding Airlines.
(c) Represents the expiration of a U.S. federal income tax capital loss carryforward.
(d) Represents reductions related to a corresponding reduction in deferred tax assets not recorded through our
consolidated statements of operations.
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