United Airlines 2012 Annual Report Download - page 152

Table of Contents
UAL’s quarterly financial data is subject to seasonal fluctuations and historically its second and third quarter financial results, which reflect higher travel
demand, are better than its first and fourth quarter financial results. UAL’s quarterly results were impacted by the following significant items (in millions):
 
   

Special charges (income):
Integration-related costs $134 $137 $ 60 $408
Labor agreement costs — — 454 21
Voluntary severance and benefits 49 76 — —
Intangible asset impairments 6 — — 24
Gains on sale of assets and other special charges, net (25) (7) — (14)
Total special items 164 206 514 439
Income tax benefit (2) — — (9)
Total special items, net of tax $ 162 $ 206 $ 514 $430

Special charges (income):
Revenue - Co-brand Agreement modification (Note 2(c)) $ — $(107) $ — $ —
Integration-related costs 79 145 123 170
Termination of maintenance service contract — — — 58
Aircraft-related charges (gains), net (2) 1 (3) (2)
Intangible asset impairment — — — 4
Other special items — — — 19
Total special items 77 39 120 249
Income tax benefit — — — (2)
Total special items, net of tax $ 77 $ 39 $120 $247
See Note 21 for further discussion of these items.
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