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Accumulated Other Comprehensive Income (Loss) | 9 Months Ended
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Sep. 30, 2016
Accumulated Other Comprehensive Income (Loss) | NOTE 3 - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The tables below present the components of the Company’s accumulated other comprehensive income (loss), net of tax (“AOCI”) (in millions):
|  |  |  |  |  |  |  |  |  |  | Deferred Taxes |  |  |  |
UAL (a) |  | Pension and Other Postretirement Liabilities |  |  | Fuel Derivative Contracts |  |  | Investments and Other |  |  | Pension and Other Postretirement Liabilities |  |  | Fuel Derivative Contracts |  |  | Total |
Balance at June 30, 2016 |  | $ | (385) |  |  | $ | (41) |  |  | $ | 3 |  |  | $ | (146) |  |  | $ | (165) |  |  | $ | (734) |
Changes in value |  |  | (124) |  |  |  | (6) |  |  |  | (2) |  |  |  | 45 |  |  |  | 2 |  |  |  | (85) |
Amounts reclassified to earnings |  |  | 6 |  |  |  | 24 |  |  |  | 1 |  |  |  | (2) |  |  |  | (8) |  |  |  | 21 |
Net change |  |  | (118) |  |  |  | 18 |  |  |  | (1) |  |  |  | 43 |  |  |  | (6) |  |  |  | (64) |
Balance at September 30, 2016 |  | $ | (503) |  |  | $ | (23) |  |  | $ | 2 |  |  | $ | (103) |  |  | $ | (171) | (b) |  | $ | (798) |
Balance at December 31, 2015 |  | $ | (363) |  |  | $ | (215) |  |  | $ | 3 |  |  | $ | (154) |  |  | $ | (102) |  |  | $ | (831) |
Changes in value |  |  | (157) |  |  |  | (5) |  |  |  | (2) |  |  |  | 57 |  |  |  | 2 |  |  |  | (105) |
Amounts reclassified to earnings |  |  | 17 |  |  |  | 197 |  |  |  | 1 |  |  |  | (6) |  |  |  | (71) |  |  |  | 138 |
Net change |  |  | (140) |  |  |  | 192 |  |  |  | (1) |  |  |  | 51 |  |  |  | (69) |  |  |  | 33 |
Balance at September 30, 2016 |  | $ | (503) |  |  | $ | (23) |  |  | $ | 2 |  |  | $ | (103) |  |  | $ | (171) | (b) |  | $ | (798) |
|  |  |  |  |  |  |  |  |  |  | Deferred Taxes |  |  |  |
UAL (a) |  | Pension and Other Postretirement Liabilities |  |  | Fuel Derivative Contracts |  |  | Investments and Other |  |  | Pension and Other Postretirement Liabilities |  |  | Fuel Derivative Contracts |  |  | Total |
Balance at June 30, 2015 |  | $ | (442) |  |  | $ | (266) |  |  | $ | 11 |  |  | $ | (115) |  |  | $ | — | (c) |  | $ | (812) |
Changes in value |  |  | (10) |  |  |  | (181) |  |  |  | (6) |  |  |  | (1) |  |  |  | 82 |  |  |  | (116) |
Amounts reclassified to earnings |  |  | 8 |  |  |  | 150 |  |  |  | — |  |  |  | (9) |  |  |  | (155) |  |  |  | (6) |
Net change |  |  | (2) |  |  |  | (31) |  |  |  | (6) |  |  |  | (10) |  |  |  | (73) |  |  |  | (122) |
Balance at September 30, 2015 |  | $ | (444) |  |  | $ | (297) |  |  | $ | 5 |  |  | $ | (125) |  |  | $ | (73) |  |  | $ | (934) |
Balance at December 31, 2014 |  | $ | (472) |  |  | $ | (499) |  |  | $ | 7 |  |  | $ | (115) |  |  | $ | — | (c) |  | $ | (1,079) |
Changes in value |  |  | 3 |  |  |  | (227) |  |  |  | (1) |  |  |  | (1) |  |  |  | 82 |  |  |  | (144) |
Amounts reclassified to earnings |  |  | 25 |  |  |  | 429 |  |  |  | (1) |  |  |  | (9) |  |  |  | (155) |  |  |  | 289 |
Net change |  |  | 28 |  |  |  | 202 |  |  |  | (2) |  |  |  | (10) |  |  |  | (73) |  |  |  | 145 |
Balance at September 30, 2015 |  | $ | (444) |  |  | $ | (297) |  |  | $ | 5 |  |  | $ | (125) |  |  | $ | (73) |  |  | $ | (934) |
Details about AOCI Components |  | Amount Reclassified from AOCI to Income |  |  | Affected Line Item in the Statements of Consolidated Operations |
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |  |  |  |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |  |  |  |
Fuel derivative contracts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Reclassifications of losses into earnings |  |  | $ 24 |  |  |  | $ 150 |  |  |  | $ 197 |  |  |  | $ 429 |  |  |  | Aircraft fuel |
Pension and other postretirement liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of unrecognized losses and prior service cost (credit) (d) |  |  | 6 |  |  |  | 8 |  |  |  | 17 |  |  |  | 25 |  |  |  | Salaries and related costs |
Investments and other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale securities-reclassifications of gains into earnings |  |  | 1 |  |  |  | — |  |  |  | 1 |  |  |  | (1) |  |  |  | Miscellaneous, net |
(a) UAL and United amounts are substantially the same except for an additional gain related to investments and other of $1 million at United for the nine months ended September 30, 2015. (b) Includes deferred income tax expense of $180 million that will remain in AOCI until all fuel derivatives which are designated for hedge accounting are settled. (c) Deferred tax balance was offset by the Company’s valuation allowance. (d) This AOCI component is included in the computation of net periodic pension and other postretirement costs (see Note 5 of this report for additional information). Prior to the release of the valuation allowance in the third quarter of 2015, the Company recorded $180 million of deferred income tax expense adjustments in AOCI related to losses on fuel hedges designated for hedge accounting. This deferred income tax expense of $180 million will remain in AOCI until all fuel derivatives which are designated for hedge accounting are settled. Currently, our fuel hedges that are designated for hedge accounting have settlement dates through December 2016. If we do not enter into and designate additional fuel derivative contracts for hedge accounting by the end of 2016, a non-cash income tax expense of $180 million will be recognized in the fourth quarter of 2016.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e689-108580 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=66004124&loc=SL7669619-108580 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e640-108580 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e716-108580 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e709-108580 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e637-108580 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e681-108580 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Reclassification Adjustments -URI http://asc.fasb.org/extlink&oid=6522872 + Details
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