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INVESTMENTS (Tables) | 12 Months Ended
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Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract] |
Schedule of fair value investments ownership interest and carrying value |
Equity investments ownership interest and carrying value
| Accounting Treatment |  | Ownership Interest |  | Carrying Value
(in millions) |  |  | December 31, 2022 | December 31, 2021 |  | December 31, 2022 | December 31, 2021
Air France-KLM | Fair Value |  | 3 | % | 6 | % |  | $ | 97 |  | $ | 165 |
China Eastern | Fair Value |  | 2 | % | 2 | % |  | 189 |  | 177 |
CLEAR | Fair Value |  | 5 | % | 6 | % |  | 227 |  | 260 |
Grupo Aeroméxico | Equity Method |  | 20 | % | 51 | % |  | 412 |  | — |
Hanjin-KAL | Fair Value(1) |  | 15 | % | 13 | % |  | 296 |  | 455 |
LATAM | Fair Value |  | 10 | % | 20 | % |  | 403 |  | — |
Unifi Aviation | Equity Method(2) |  | 49 | % | 49 | % |  | 165 |  | 159 |
Wheels Up | Fair Value(3) |  | 21 | % | 21 | % |  | 54 |  | 241 |
Other investments | Various |  |  |  |  | 285 |  | 255 |
Equity investments |  |  |  |  |  | $ | 2,128 |  | $ | 1,712 |
(1)At December 31, 2022, we held 14.8% of the outstanding shares (including common and preferred), and 14.9% of the common shares, of Hanjin KAL. (2)Results are included in contracted services in our income statement as this entity is integral to the operations of our business by providing services at many of our airport locations. (3)We elected to account for our investment under the fair value option.
Schedule of equity method investments ownership interest and carrying value |
Equity investments ownership interest and carrying value
| Accounting Treatment |  | Ownership Interest |  | Carrying Value
(in millions) |  |  | December 31, 2022 | December 31, 2021 |  | December 31, 2022 | December 31, 2021
Air France-KLM | Fair Value |  | 3 | % | 6 | % |  | $ | 97 |  | $ | 165 |
China Eastern | Fair Value |  | 2 | % | 2 | % |  | 189 |  | 177 |
CLEAR | Fair Value |  | 5 | % | 6 | % |  | 227 |  | 260 |
Grupo Aeroméxico | Equity Method |  | 20 | % | 51 | % |  | 412 |  | — |
Hanjin-KAL | Fair Value(1) |  | 15 | % | 13 | % |  | 296 |  | 455 |
LATAM | Fair Value |  | 10 | % | 20 | % |  | 403 |  | — |
Unifi Aviation | Equity Method(2) |  | 49 | % | 49 | % |  | 165 |  | 159 |
Wheels Up | Fair Value(3) |  | 21 | % | 21 | % |  | 54 |  | 241 |
Other investments | Various |  |  |  |  | 285 |  | 255 |
Equity investments |  |  |  |  |  | $ | 2,128 |  | $ | 1,712 |
(1)At December 31, 2022, we held 14.8% of the outstanding shares (including common and preferred), and 14.9% of the common shares, of Hanjin KAL. (2)Results are included in contracted services in our income statement as this entity is integral to the operations of our business by providing services at many of our airport locations. (3)We elected to account for our investment under the fair value option.

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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- References No definition available. + Details
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- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References No definition available. + Details
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