United Airlines 2011 Annual Report Download - page 127

Table of Contents

















 
Balance at December 31, 2008 $ (1,580) $(412) $ 236 $(1,756)
Derivative financial instruments:
Reclassification of losses into earnings — 375 — 375
Change in fair value of derivatives — 46 — 46
Unrealized gain on student loan-related auction rate securities — 3 — 3
Employee benefit plans:
Reclassification of unrecognized net actuarial loss into earnings 138 — — 138
Reclassification of prior service cost into earnings 31 — — 31
Current year actuarial gain 136 — — 136
Income tax expense on other comprehensive income (a) — — (158) (158)
Balance at December 31, 2009 (1,275) 12 78 (1,185)
Derivative financial instruments:
Reclassification of losses into earnings — 24 — 24
Change in fair value of derivatives — (13) — (13)
Employee benefit plans:
Reclassification of unrecognized net actuarial loss into earnings 62 — — 62
Reclassification of prior service cost into earnings 23 — — 23
Current year actuarial loss (3) — — (3)
Balance at September 30, 2010 $ (1,193) $23 $ 78 $ (1,092)

Elimination of accumulated other comprehensive income in connection with
the Merger $1,193 $(23) $(78) $1,092
Balance at October 1, 2010 — — — —
Derivative financial instruments:
Reclassification of gains into earnings — (16) — (16)
Change in fair value of derivatives — 67 — 67
Unrealized gain on student loan-related auction rate securities — 2 — 2
Current year actuarial gain 243 — — 243
Income tax expense on other comprehensive income (a) — — (6) (6)
Balance at December 31, 2010 243 53 (6) 290
Derivative financial instruments:
Reclassification of gains into earnings — (86) — (86)
Change in fair value of derivatives — (9) — (9)
Unrealized gain on student loan-related auction rate securities — 1 — 1
Employee benefit plans:
Reclassification of unrecognized net actuarial gains into earnings (22) — — (22)
Current year actuarial loss (471) — — (471)
Balance at December 31, 2011 $(250) $(41) $ (6) $ (297)
(a) Taxes on other comprehensive income did not impact Continental’s net deferred tax position due to an offsetting tax benefit on the loss from continuing operations as described in Note 8.
126