Orbitz 2010 Annual Report Download - page 116

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March 31, 2009 in connection with the interim impairment test we performed on our goodwill and trademarks
and trade names in the first quarter of 2009 (see Note 3 — Impairment of Goodwill and Intangible Assets).
Balance at
March 31, 2009
Quoted
prices in
active markets
(Level 1)
Significant
other
observable
inputs
(Level 2)
Significant
unobservable
inputs
(Level 3)
Total
(Losses)
Fair Value Measurements Using
(in millions)
Goodwill ................................ $698 $— $— $698 $(250)
Trademarks and trade names ................. $150 $— $— $150 $ (82)
Fair Value of Financial Instruments
For certain of our financial instruments, including cash and cash equivalents, accounts receivable,
accounts payable, accrued merchant payable and accrued expenses, the carrying value approximates or equals
fair value due to their short-term nature.
The carrying value of the Term Loan was $577 million at December 31, 2009, compared with a fair value
of approximately $538 million. At December 31, 2008, the carrying value of the Term Loan was $593 million,
compared with a fair value of $261 million. The fair values were determined based on quoted market ask
prices.
20. Segment Information
We determine operating segments based on how our chief operating decision maker manages the business,
including making operating decisions and evaluating operating performance. We operate in one segment and
have one reportable segment.
We maintain operations in the U.S., U.K., Australia, Germany, Sweden, France, Finland, Ireland, the
Netherlands, Switzerland and other international territories. The table below presents net revenue by
geographic area: the U.S. and all other countries. We allocate net revenue based on where the booking
originated.
2009 2008 2007
Years Ended December 31,
(in millions)
Net revenue
UnitedStates ................................ $585 $686 $679
All other countries ............................ 153 184 180
Total..................................... $738 $870 $859
The table below presents property and equipment, net, by geographic area: the U.S. and all other
countries.
116
ORBITZ WORLDWIDE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)