American Airlines 2007 Annual Report Download - page 80

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77
12. Accumulated Other Comprehensive Income (Loss)
The components of Accumulated other comprehensive income (loss) are as follows (in millions):
Pension
Liability
Unrealized
Gain/(Loss)
on
Investments
Unrealized
Gain/(Loss)
on Derivative
Financial
Instruments
Income
Tax
Benefit
Total
Balance at January 1, 2005 $ (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)
Current year net change 748 - - - 748
Reclassification of derivative
financial instruments into
earnings
-
-
(88)
-
(88)
Change in fair value of
derivative financial
instruments
-
-
26
-
26
Adjustment resulting from
adoption of SFAS 158
(998)
-
-
-
(998)
Balance at December 31, 2006 $ (1,456) $ 3 $ 17 $ 145 $ (1,291)
Current year change 1,723 (6) - - 1,717
Amortization of actuarial loss and
prior service cost
21
21
Reclassification of derivative
financial instruments into
earnings
-
-
(158)
-
(158)
Change in fair value of
derivative financial
instruments
-
-
381
-
381
Balance at December 31, 2007 $ 288 $ (3) $ 240 $ 145 $ 670
As of December 31, 2007, the Company estimates during the next twelve months it will reclassify from
Accumulated other comprehensive income (loss) into net earnings (loss) approximately $213 million in net gains
related to its cash flow hedges.