Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Components Of Income Tax Provision (Benefit)

The significant components of the income tax provision (benefit) were (in millions):



	Year Ended December 31,
	2012			2011			2010
Current	$	—		$	(25	)	$	(5	)
Deferred	(569		)	25			(30		)
Income tax benefit	$	(569	)	$	—		$	(35	)

Computation Of Income Tax Expense (Benefit)

The income tax expense (benefit) differed from amounts computed at the statutory federal income tax rate as follows (in millions):



	Year Ended December 31,
	2012			2011			2010
Statutory income tax provision expense/(benefit)	$	(873	)	$	(686	)	$	(177	)
State income tax expense/(benefit), net of federal tax effect	(35		)	(32		)	(2		)
Meal expense	6			6			6
Bankruptcy administration expenses	26			—			—
Change in valuation allowance	858			697			127
Tax benefit resulting from OCI allocation	(569		)	—			—
Other, net	18			15			11
Income tax benefit	$	(569	)	$	—		$	(35	)

Deferred Tax Assets And Liabilities

The components of the Company's deferred tax assets and liabilities were (in millions):



	December 31,
	2012			2011
Deferred tax assets:
Postretirement benefits other than pensions	$	442		$	1,075
Rent expense	60			257
Alternative minimum tax credit carryforwards	493			493
Operating loss carryforwards	2,296			2,271
Pensions	2,455			2,337
Frequent flyer obligation	657			680
Gains from lease transactions	5			26
Reorganization items	863			—
Other	963			885
Total deferred tax assets	8,234			8,024
Valuation allowance	(5,084		)	(4,802		)
Net deferred tax assets	3,150			3,222
Deferred tax liabilities:
Accelerated depreciation and amortization	(2,960		)	(3,045		)
Other	(190		)	(177		)
Total deferred tax liabilities	(3,150		)	(3,222		)
Net deferred tax asset	$	—		$	—

Reconciliation Of Unrecognized Tax Benefit

The reconciliation of the beginning and ending amounts of unrecognized tax benefit are (in millions):



	2012		2011
Unrecognized Tax Benefit at January 1	$	5	$	5
No Activity	—		—
Unrecognized Tax Benefit at December 31	$	5	$	5

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References+ Details