American Airlines 2005 Annual Report Download - page 80

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77
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
Income
Tax
Benefit
Total
Balance at January 1, 2003 $ (1,293) $ 4 $ 68 $ 145 $ (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 (956) 1 25 145 (785)
Current year net change 129 (4) - - 125
Reclassification of derivative
financial instruments into
earnings
-
-
(89)
-
(89)
Change in fair value of
derivative financial
instruments
-
-
85
-
85
Balance at December 31, 2004 (827) (3) 21 145 (664)
Current year net change (379) 6 - - (373)
Reclassification of derivative
financial instruments into
earnings
-
-
(50)
-
(50)
Change in fair value of
derivative financial
instruments
-
-
108
-
108
Balance at December 31, 2005 $ (1,206) $ 3 $ 79 $ 145 $ (979)
As of December 31, 2005, the Company estimates during the next twelve months it will reclassify from
Accumulated other comprehensive loss into net earnings (loss) approximately $64 million in net gains related to
its cash flow hedges.