US Airways 2007 Annual Report Download - page 108

Table of Contents
US Airways Group, Inc.
Notes to Consolidated Financial Statements — (Continued)
11. Other comprehensive income (loss)
The Company's other comprehensive income (loss) for the years ended December 31, 2007, 2006 and 2005 consist of the following
(in millions):
Year Ended December 31,
2007 2006 2005
Net income (loss) $ 427 $ 304 $ (537)
Unrealized losses on available for sale securities (48) — —
Adjustment to initially apply FASB Statement No. 158, net of tax — 3 —
Actuarial gains associated with pension and other postretirement benefits 55 — —
Total comprehensive income (loss) $ 434 $ 307 $ (537)
The components of accumulated other comprehensive income were as follows as of December 31, 2007 and 2006 (in millions):
December 31, December 31,
2007 2006
Accumulated net unrealized losses on available for sale securities $ (48) $ —
Adjustment to initially apply FASB Statement No. 158, net of tax 3 3
Actuarial gains associated with pension and other postretirement benefits 55 —
Accumulated other comprehensive income $ 10 $ 3
The accumulated other comprehensive income is not presented net of tax as any tax effects resulting from the items above have
been immediately offset by the recording of a valuation allowance through the same financial statement caption.
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