United Airlines 2015 Annual Report Download - page 78
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The tables below present the components of the Company’s accumulated other comprehensive income (loss) (“AOCI”), net of tax (in millions):
Balance at December 31, 2012 $ (927) $ (10) $ 6 $ (115) $ — (d) $ (1,046)
Other comprehensive income before
reclassifications (b) 1,584 (c) 39 7 — — 1,630
Amounts reclassified from accumulated other
comprehensive income (b) 42 (18) — — — 24
Net current-period other comprehensive income
(loss) 1,626 21 7 — — 1,654
Balance at December 31, 2013 $ 699 $ 11 $ 13 $ (115) $ — (d) $ 608
Other comprehensive loss before
reclassifications (b) (1,106)(c) (599) — — — (1,705)
Amounts reclassified from accumulated other
comprehensive income (b) (65) 89 (6) — — 18
Net current-period other comprehensive income
(loss) (1,171) (510) (6) — — (1,687)
Balance at December 31, 2014 $ (472) $ (499) $ 7 $ (115) $ — (d) $ (1,079)
Other comprehensive income (loss) before
reclassifications 78 (c) (320) (4) (28) 115 (159)
Amounts reclassified from accumulated other
comprehensive income 31 604 — (11) (217) 407
Net current-period other comprehensive income
(loss) 109 284 (4) (39) (102) 248
Balance at December 31, 2015 $ (363) $ (215) $ 3 $ (154) $ (102) $ (831)
Derivatives designated as cash flow hedges
Fuel contracts-reclassifications of (gains) losses into earnings $ 604 $ 89 $ (18) Aircraft fuel
Amortization of pension and postretirement items
Amortization of unrecognized (gains) losses and prior
service cost and the effect of curtailments and settlements (e) 31 (65) 42 Salaries and related costs
Investments and other
Available-for-sale securities—reclassifications of gains into
earnings — (6) — Miscellaneous, net
(a) UAL and United amounts are substantially the same except for an additional $1 million and $6 million of additional gains related to investments and other and an income tax benefit, respectively, at United
in 2013.
(b) Income tax expense for these items was offset by the Company’s valuation allowance.
(c) Prior service credits increased by $0 million, $3 million and $331 million and actuarial gains (losses) increased by approximately $78 million, $(1.1) billion and $1.3 billion for 2015, 2014 and 2013,
respectively.
(d) Deferred tax balance was offset by the Company’s valuation allowance.
(e) This accumulated other comprehensive income component is included in the computation of net periodic pension and other postretirement costs (see Note 8 of this report for additional information).
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Source: United Continental Holdings, Inc., 10-K, February 18, 2016 Powered by Morningstar® Document Research℠
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