Chapter 11 Reorganization (Tables)

3 Months Ended

Mar. 31, 2012

Chapter 11 Reorganization [Abstract]

Schedule Of Liabilities Subject To Compromise

		00000000
(in millions)

Long-term debt	$	2,238
Aircraft lease and facility bond related obligations		2,830
Pension and postretirement benefits		9,430
Accounts payable and other accrued liabilities		511
Other		(8	)

Total liabilities subject to compromise	$	15,001

Components Of Long-Term Debt

		00000000
Secured variable and fixed rate indebtedness due through 2023 (effective rates from 1.00% - 13.00% at March 31, 2012)	$	1,212
6.00%—8.50% special facility revenue bonds due through 2036		186
6.25% senior convertible notes due 2014		460
9.0%—10.20% debentures due through 2021		214
7.88%—10.55% notes due through 2039		166

	$	2,238

Schedule Of Reorganization Items


(in millions)

Aircraft financing renegotiations and rejections ⁽¹⁾ ⁽²⁾	$	1,017
Rejection of facility bond related obligations⁽²⁾		339
Professional fees		45

Total reorganization items, net	$	1,401

⁽¹⁾

The Debtors record an estimated claim associated with the rejection of an executory contract or unexpired lease when a motion is filed with the Bankruptcy Court to reject such contract or lease and the Debtors believe that it is probable the motion will be approved and there is sufficient information to estimate the claim. The Debtors record an estimated claim associated with the renegotiation of an executory contract or unexpired lease when the renegotiated terms of such contract or lease are not opposed or are otherwise approved by the Bankruptcy Court and there is sufficient information to estimate the claim.

⁽²⁾

Estimated allowed claims from (i) rejecting 16 leases of seven Boeing 757-200 aircraft, one McDonnell Douglas MD-80 aircraft, and eight spare engines, (ii) relinquishing one Airbus A300-600R aircraft that was subject to a mortgage, (iii) filing a motion to reject facility agreements supporting special facility revenue bonds at Dallas/Fort Worth International Airport and Fort Worth Alliance Airport, and (iv) filing motions to modify the leases of 158 aircraft, including 39 Super ATR aircraft, six Boeing 737-800 aircraft, 33 Boeing 757-200 aircraft, 11 Boeing 767-200ER aircraft, 10 Boeing 767-300ER aircraft, and 59 McDonnell Douglas MD-80 aircraft. The rejections of the leases of such aircraft and spare engines and the modification of the leases relating to such aircraft have been approved by the Bankruptcy Court. See above, "Special Protection Applicable to Leases and Secured Financing of Aircraft and Aircraft Equipment," for further information.