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OTHER ASSETS
6 Months Ended
Jun. 30, 2011
Other Assets [Abstract]  
Other Assets Disclosure [Text Block]
OTHER ASSETS


Other assets consisted of the following (in millions):
 
 
June 30, 2011
 
December 31, 2010
Restricted deposits (primarily restricted investments)
$
83.6


 
$
83.6


Long-term receivable related to Terminal 6 at LAX airport
75.9


 
31.3


Deferred costs and other(a)
63.8


 
52.7


 
$
223.3


 
$
167.6


(a)    Deferred costs and other includes deferred financing costs, long-term prepaid rent, lease deposits and other items.


In 2009, the Company announced plans to move from Terminal 3 to Terminal 6 at Los Angeles International Airport (LAX). As part of this move, the Company agreed to manage and fund up to $175 million of the project during the design and construction phase. The total project is estimated to cost approximately $250 million and is expected to be completed in 2012. On April 19, 2011, the Company signed a funding agreement with the City of Los Angeles and Los Angeles World Airports, which would reimburse the Company for the majority of the construction costs either during the course of, or upon the completion of, construction. The Company anticipates that its proprietary non-reimbursable share of the total cost of the project will be approximately $25 million. As of June 30, 2011, the Company recorded $75.9 million associated with this project in other assets, which represents total reimbursable project costs to date. In addition, the Company recorded $5.2 million for the proprietary share of this project in property and equipment as of June 30, 2011.


At June 30, 2011, the Company's restricted deposits were primarily restricted investments used to guarantee various letters of credit and workers compensation self-insurance programs. The restricted investments consist of highly liquid securities with original maturities of three months or less. They are carried at cost, which approximates fair value.