United Airlines 2012 Annual Report Download - page 121

Table of Contents


















 
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 losses (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
Change in fair value of other financial instruments — 2 — 2
Current year actuarial gains 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)
Change in fair value of other financial instruments — 1 — 1
Employee benefit plans:
Reclassification of unrecognized net actuarial gains into earnings (22) — — (22)
Current year actuarial losses (471) — — (471)
Balance at December 31, 2011 (250) (41) (6) (297)
Derivative financial instruments:
Reclassification of losses into earnings — 65 — 65
Change in fair value of derivatives — (28) — (28)
Change in fair value of other financial instruments — 5 — 5
Employee benefit plans:
Reclassification of unrecognized net actuarial losses into earnings 22 — — 22
Current year actuarial losses (588) — — (588)
Balance at December 31, 2012 $ (816) $ 1 $ (6) $ (821)
(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.
120