United Airlines 2010 Annual Report Download - page 133

NOTE 11—ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The UAL and United accumulated other comprehensive income (loss) as of December 31, 2010 is net of
deferred income tax expense of approximately $116 million. The tables below present the components of the
Company’s accumulated other comprehensive income (loss), net of tax (in millions).
UAL
Pension and
Other
Postretirement
Benefits
Unrecognized
Actuarial
Gains (Losses)
Unrealized
Gain (Loss)
on Derivatives
and other
Financial
Instruments Total
Balance at December 31, 2007 ........................................... $141 $— $141
Change in fair value of financial instruments ................................ — (37) (37)
Employee benefit plans:
Reclassification unrecognized net actuarial gains into earnings .............. (19) — (19)
Current year actuarial gain ........................................... 8 — 8
Balance at December 31, 2008 ........................................... 130 (37) 93
Change in fair value of financial instruments ................................ — 15 15
Employee benefit plans:
Reclassification unrecognized net actuarial gains into earnings .............. (9) — (9)
Current year actuarial loss ........................................... (64) — (64)
Balance at December 31, 2009 ........................................... 57 (22) 35
Derivative financial instruments:
Reclassification of losses into earnings ................................. — 68 68
Change in fair value of derivatives .................................... — 168 168
Change in fair value of other financial instruments ............................ — 21 21
Employee benefit plans:
Reclassification unrecognized net actuarial gains into earnings .............. (12) — (12)
Current year actuarial gain ........................................... 107 — 107
Balance at December 31, 2010 ........................................... $152 $235 $387
United
Pension and
Other
Postretirement
Benefits
Unrecognized
Actuarial
Gains (Losses)
Unrealized
Gain (Loss)
on Derivative
Instruments
and Other Total
Balance at December 31, 2007 ........................................... $141 $— $141
Change in fair value of financial instruments ................................ — (37) (37)
Employee benefit plans:
Reclassification of unrecognized net actuarial gains into earnings ............ (19) — (19)
Current year actuarial gain ........................................... 8 — 8
Balance at December 31, 2008 ........................................... 130 (37) 93
Change in fair value of financial instruments ................................ — 15 15
Employee benefit plans:
Reclassification of unrecognized net actuarial gains into earnings ............ (9) — (9)
Current year actuarial loss ........................................... (64) — (64)
Balance at December 31, 2009 ........................................... 57 (22) 35
Derivative financial instruments:
Reclassification of losses into earnings ................................. — 84 84
Change in fair value of derivatives .................................... — 101 101
Change in fair value of other financial instruments ............................ — 19 19
Employee benefit plans:
Reclassification of unrecognized net actuarial gains into earnings ............ (12) — (12)
Current year actuarial loss ........................................... (136) — (136)
Balance at December 31, 2010 ........................................... $ (91) $182 $ 91
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