Delta Airlines 2005 Annual Report Download - page 116
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Table of Contents
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Note 14. Comprehensive Loss
Comprehensive loss includes (1) reported net loss; (2) the additional minimum pension liability; (3) effective unrealized gains and
losses on fuel derivative instruments that qualify for hedge accounting; and (4) unrealized gains and losses on marketable equity
securities. The following table shows our comprehensive loss for the years ended December 31, 2005, 2004 and 2003:
(in millions) 2005 2004 2003
Net loss $ (3,818) $ (5,198) $ (773)
Other comprehensive loss (364) (20) (776)
Comprehensive loss $ (4,182) $ (5,218) $ (1,549)
The following table shows the components of accumulated other comprehensive loss at December 31, 2005, 2004 and 2003, and
the activity for the years then ended:
Additional
Minimum Fuel Marketable
Pension Derivative Equity Valuation
(in millions) Liability Instruments Securities Allowance Total
Balance at December 31, 2002 $ (1,586) $ 29 $ (5) $ — $ (1,562)
Additional minimum pension liability adjustments (1,268) — — — (1,268)
Unrealized gain — 159 6 — 165
Realized gain — (152) (5) — (157)
Impairment — — 8 — 8
Tax effect 482 (2) (4) — 476
Net of tax (786) 5 5 — (776)
Balance at December 31, 2003 (2,372) 34 — — (2,338)
Additional minimum pension liability adjustments 71 — — — 71
Unrealized gain — 50 — — 50
Realized gain — (105) — — (105)
Tax effect (28) 21 — (29) (36)
Net of tax 43 (34) — (29) (20)
Balance at December 31, 2004 (2,329) — — (29) (2,358)
Additional minimum pension liability adjustments (365) — — — (365)
Unrealized gain — — 1 — 1
Tax effect 141 — — (141) —
Net of tax (224) — 1 (141) (364)
Balance at December 31, 2005 $ (2,553) $ — $ 1 $ (170) $ (2,722)
We did not have any fuel hedge contracts at December 31, 2005 and 2004. See Notes 6 and 12 for additional information related to
our fuel hedge contracts and our additional minimum pension liability, respectively.
F-54