United Airlines 2008 Annual Report Download - page 123

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At December 31, 2008 and 2007, UAL’s and United’s net carrying values of mainline and United
Express segment assets were as follows:
(In millions) 2008 2007 2008 2007
UAL United
Mainline segment ............................ $19,415 $24,149 $19,586 $24,165
United Express segment ....................... 46 71 46 71
Total assets ............................... $19,461 $24,220 $19,632 $24,236
United Express assets include only those assets directly associated with its operations. The Company
does not allocate corporate assets to the United Express segment. The Company’s capital expenditures
are reported in the Company’s Statements of Consolidated Cash Flows and are related to its mainline
operations.
UAL and United’s operating revenue by principal geographic region (as defined by the U.S.
Department of Transportation) for the years ended December 31, 2008 and 2007, the eleven month
period ended December 31, 2006 and the one month period ended January 31, 2006 is presented in the
table below.
(In millions) 2008 2007
Period from
February 1 to
December 31,
2006
Period from
January 1 to
January 31,
2006
Year Ended
December 31,
Successor Predecessor
UAL
Domestic (U.S. and Canada)...................... $12,819 $14,006 $11,981 $ 953
Pacific ....................................... 3,712 3,262 3,214 283
Atlantic ...................................... 3,055 2,365 2,158 167
Latin America ................................. 608 510 529 55
TotalUAL .................................. $20,194 $20,143 $17,882 $1,458
Add (less): UAL other domestic ............... 43 (12) (2) (4)
TotalUnited................................. $20,237 $20,131 $17,880 $1,454
The Company attributes revenue among the geographic areas based upon the origin and destination
of each flight segment. United’s operations involve an insignificant level of dedicated revenue-producing
assets in geographic regions as the overwhelming majority of the Company’s revenue producing assets
(primarily U.S. registered aircraft) generally can be deployed in any of its geographic regions, as any
given aircraft may be used in multiple geographic regions on any given day.
(11) Accumulated Other Comprehensive Income (Loss)
The table below presents the components of the Company’s accumulated other comprehensive
income (loss), net of tax. See Note 9, “Retirement and Postretirement Plans” and Note 13, “Fair Value
Measurements and Financial Instruments,” for further information on these items.
(In millions) 2008 2007 2006
As of December 31,
Pension and other postretirement gains, net of tax .......................... $130 $141 $87
Financial instrument losses, net of tax. . . ................................. (37) — (5)
Accumulated other comprehensive income, net of tax ....................... $ 93 $141 $82
The 2006 pension-related amounts represent the adoption of Statement of Financial Accounting
Standards No. 158, Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans—an
amendment of FASB Statements No. 87, 88, 106 and 132(R) (“SFAS 158”). During the initial adoption of
SFAS 158, the Company recorded deferred taxes on the portion of other comprehensive income
associated with the Medicare Part D subsidiary. In 2007, the Company recomputed deferred taxes on the
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