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SEGMENTS (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
Financial information by segment
(in millions)AirlineRefineryIntersegment Sales/OtherConsolidated
Three Months Ended June 30, 2024
Operating revenue$15,407 $2,051 $(800)
(1)
$16,658 
Depreciation and amortization620 30 (30)
(2)
620 
Operating income
2,207 60 
(2)
— 2,267 
Interest expense, net188 6 (6)188 
Total assets, end of period72,938 2,337 (78)75,197 
Capital expenditures1,292 16 — 1,308 
Three Months Ended June 30, 2023
Operating revenue$14,613 $2,037 $(1,072)
(1)
$15,578 
Depreciation and amortization573 23 (23)
(2)
573 
Operating income
2,447 44 
(2)
— 2,491 
Interest expense, net203 3 (3)203 
Total assets, end of period70,265 3,309 (77)73,497 
Capital expenditures1,422 30 — 1,452 
(in millions)AirlineRefineryIntersegment Sales/OtherConsolidated
Six Months Ended June 30, 2024
Operating revenue$27,970 $4,100 $(1,664)
(1)
$30,406 
Depreciation and amortization1,235 57 (57)
(2)
1,235 
Operating income2,773 108 
(2)
— 2,881 
Interest expense, net394 11 (11)394 
Capital expenditures2,472 30 — 2,502 
Six Months Ended June 30, 2023
Operating revenue$26,455 $4,388 $(2,506)
(1)
$28,337 
Depreciation and amortization1,137 46 (46)
(2)
1,137 
Operating income1,949 266 
(2)
— 2,215 
Interest expense, net430 8 (8)430 
Capital expenditures2,393 59 — 2,452 
(1)See table below for detail of the intersegment operating revenue amounts.
(2)Refinery segment operating results, including depreciation and amortization, are included within aircraft fuel and related taxes in our income statement.
Operating revenue intersegment sales/other
Three Months Ended June 30,
Six Months Ended June 30,
(in millions)2024202320242023
Sales to airline segment(1)
$(393)$(365)$(780)$(961)
Exchanged products(2)
(361)(618)(798)(1,330)
Sales of refined products
(46)(89)(86)(215)
Total operating revenue intersegment sales/other$(800)$(1,072)$(1,664)$(2,506)
(1)Represents transfers, valued on a market price basis, from the refinery to the airline segment for use in airline operations. We determine market price for jet fuel from the refinery by reference to the market index for the primary delivery location, which is New York Harbor.
(2)Represents value of products delivered under our exchange agreements, as discussed above, determined on a market price basis.