United Airlines 2010 Annual Report Download - page 163
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NOTE 21—MERGER-RELATED COSTS AND SPECIAL CHARGES
For the years ended December 31, merger-related costs and special charges consisted of the following (in
millions):
2010 UAL United
Continental
Successor
Continental
Predecessor
Merger costs:
Merger-related costs ................................. $ 144 $ 114 $ 30 $ 10
Salary and severance related ........................... 249 111 138 —
Integration-related costs .............................. 171 138 33 19
564 363 201 29
Aircraft impairments ..................................... 136 136 — 6
Intangible asset impairment ............................... 29 29 — —
Other ................................................. 4 4 — 12
733 532 201 47
Goodwill impairment credit ............................... (64) (64) — —
Total ................................................. $ 669 $ 468 $201 $ 47
2009
Intangible asset impairments .............................. $ 150 $ 150 $ 12
Aircraft impairments ..................................... 93 93 89
Pension settlement charges (Note 9) ......................... — — 29
Municipal bond litigation ................................. 27 27 —
Lease termination and other ............................... 104 104 15
Total ................................................. $ 374 $ 374 $145
2008
Goodwill impairment .................................... $2,277 $2,277 $—
Intangible asset impairments .............................. 64 64 —
Pre-delivery advance deposits including related capitalized
interest .............................................. 105 105 —
Aircraft, spare engines and parts, and other impairments ........ 145 145 40
Other impairments ...................................... 314 314 40
Pension settlement charges (Note 9) ......................... — — 52
Severance ............................................. — — 34
Route impairment ....................................... — — 18
Lease termination and other ............................... 25 25 37
Total other impairments and other charges ................... 339 339 181
Total ................................................. $2,616 $2,616 $181
UAL, United and Continental
Merger-related costs
Merger-related costs include charges related to the planning and execution of the Merger, including costs for
items such as financial advisor, legal and other advisory fees. Salary and severance related costs are primarily
associated with administrative headcount reductions and compensation costs related to the Merger. Integration-
related costs include costs to terminate certain service contracts that will not be used by the combined company,
costs to write-off system assets that are no longer used or planned to be used by the combined company, and
payments to third-party consultants to assist with integration planning and organization design. See Note 1 for
additional information related to merger-related costs.
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