American Airlines 2003 Annual Report Download - page 77

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75
12. Accumulated Other Comprehensive Loss
The components of Accumulated other comprehensive loss are as follows (in millions):
Minimum
Pension
Liability
Unrealized
Gain/(Loss)
on
Investments
Unrealized
Gain/(Loss)
on Derivative
Financial
Instruments Total
Balance at December 31, 2000 $ (6) $ 4 $ - $ (2)
Current year net change (161) 5 - (156)
Cumulative effect of adoption of
SFAS 133 as of January 1, 2001 - - 102 102
Reclassification of derivative
financial instruments into
earnings - - (99) (99)
Change in fair value of derivative
financial instruments - - (78) (78)
Income tax effect 60 (2) 29 87
Balance at December 31, 2001 (107) 7 (46) (146)
Current year net change (1,122) (6) - (1,128)
Reclassification of derivative
financial instruments into
earnings - - 5 5
Change in fair value of derivative
financial instruments - - 138 138
Income tax effect 109 2 (56) 55
Balance at December 31, 2002 (1,120) 3 41 (1,076)
Current year net change 337 (3) - 334
Reclassification of derivative
financial instruments into
earnings - - (146) (146)
Change in fair value of derivative
financial instruments - - 103 103
Balance at December 31, 2003 $ (783) $ - $ (2) $ (785)
Total Accumulated other comprehensive loss is net of tax of $145 million.