US Airways 2008 Annual Report Download - page 118

Table of Contents
US Airways Group, Inc.
Notes to Consolidated Financial Statements — (Continued)
10. Other comprehensive income (loss)
The Company's other comprehensive income (loss) consisted of the following (in millions):
Year Ended December 31,
2008 2007 2006
Net income (loss) $ (2,210) $ 427 $ 304
Unrealized losses on available for sale securities — (48) —
Recognition of previous unrealized losses now deemed other than temporary 48 — —
Adjustment to initially apply the recognition provisions of SFAS No. 158 — — 3
Actuarial gains associated with pension and other postretirement benefits, net of current period amortization 7 55 —
Total comprehensive income (loss) $ (2,155) $ 434 $ 307
The components of accumulated other comprehensive income (loss) were as follows (in millions):
December 31, December 31,
2008 2007
Accumulated net unrealized losses on available for sale securities $ — $ (48)
Adjustment to initially apply the recognition provisions of SFAS No. 158 3 3
Actuarial gains associated with pension and other postretirement benefits, net of amortization 62 55
Accumulated other comprehensive income $ 65 $ 10
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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