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Recently Issued Accounting Standards (Tables) | 6 Months Ended
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Jun. 30, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] |
Schedule of Adoption of Accounting Standards and Expected Impact on Financial Statements | The table below presents the impact of the adoption of the New Revenue Standard and the New Retirement Standard on select accounts and captions of the statement of consolidated operations for the three months ended June 30, 2017 (in millions, except per share amounts):
|  | Three Months Ended June 30, 2017
|  | As Previously Reported |  | New Revenue Standard Adjustments |  | New Retirement Standard Adjustments |  | As Adjusted
Passenger revenue |  | $ | 8,622 |  |  | $ | 529 |  |  | $ | — |  |  | $ | 9,151 |
Cargo |  | 254 |  |  | 19 |  |  | — |  |  | 273 |
Other operating revenue |  | 1,124 |  |  | (540 | ) |  | — |  |  | 584 |
Total operating revenue |  | 10,000 |  |  | 8 |  |  | — |  |  | 10,008 |
Salaries and related costs |  | 2,868 |  |  | — |  |  | (26 | ) |  | 2,842 |
Distribution expenses |  | 362 |  |  | 23 |  |  | — |  |  | 385 |
Other operating expenses |  | 1,408 |  |  | (27 | ) |  | — |  |  | 1,381 |
Total operating expenses |  | 8,601 |  |  | (4 | ) |  | (26 | ) |  | 8,571 |
Operating income |  | 1,399 |  |  | 12 |  |  | 26 |  |  | 1,437 |
Interest expense |  | (158 | ) |  | (9 | ) |  | — |  |  | (167 | )
Miscellaneous, net |  | (1 | ) |  | — |  |  | (26 | ) |  | (27 | )
Total nonoperating expense, net |  | (125 | ) |  | (9 | ) |  | (26 | ) |  | (160 | )
Income before income taxes |  | 1,274 |  |  | 3 |  |  | — |  |  | 1,277 |
Income tax expense |  | 456 |  |  | — |  |  | — |  |  | 456 |
Net income |  | 818 |  |  | 3 |  |  | — |  |  | 821 |
Earnings per share, basic |  | 2.67 |  |  | — |  |  | — |  |  | 2.67 |
Earnings per share, diluted |  | 2.66 |  |  | 0.01 |  |  | — |  |  | 2.67 |
The table below presents the impact of the adoption of the New Revenue Standard and the New Retirement Standard on select accounts and captions of the statement of consolidated operations for the six months ended June 30, 2017 (in millions, except per share amounts):
|  | Six Months Ended June 30, 2017
|  | As Previously Reported |  | New Revenue Standard Adjustments |  | New Retirement Standard Adjustments |  | As Adjusted
Passenger revenue |  | $ | 15,796 |  |  | $ | 1,008 |  |  | $ | — |  |  | $ | 16,804 |
Cargo |  | 474 |  |  | 37 |  |  | — |  |  | 511 |
Other operating revenue |  | 2,150 |  |  | (1,031 | ) |  | — |  |  | 1,119 |
Total operating revenue |  | 18,420 |  |  | 14 |  |  | — |  |  | 18,434 |
Salaries and related costs |  | 5,529 |  |  | — |  |  | (51 | ) |  | 5,478 |
Distribution expenses |  | 669 |  |  | 35 |  |  | — |  |  | 704 |
Other operating expenses |  | 2,740 |  |  | (50 | ) |  | — |  |  | 2,690 |
Total operating expenses |  | 16,743 |  |  | (15 | ) |  | (51 | ) |  | 16,677 |
Operating income |  | 1,677 |  |  | 29 |  |  | 51 |  |  | 1,757 |
Interest expense |  | (308 | ) |  | (21 | ) |  | — |  |  | (329 | )
Miscellaneous, net |  | (18 | ) |  | — |  |  | (51 | ) |  | (69 | )
Total nonoperating expense, net |  | (258 | ) |  | (21 | ) |  | (51 | ) |  | (330 | )
Income before income taxes |  | 1,419 |  |  | 8 |  |  | — |  |  | 1,427 |
Income tax expense |  | 505 |  |  | 2 |  |  | — |  |  | 507 |
Net income |  | 914 |  |  | 6 |  |  | — |  |  | 920 |
Earnings per share, basic |  | 2.95 |  |  | 0.01 |  |  | — |  |  | 2.96 |
Earnings per share, diluted |  | 2.94 |  |  | 0.02 |  |  | — |  |  | 2.96 |
The table below presents the impact of the adoption of the New Revenue Standard on UAL's balance sheet accounts and captions as of December 31, 2017 (in millions):
|  | At December 31, 2017
|  | As Previously Reported |  | New Revenue Standard Adjustments |  | As Adjusted
Prepaid expenses and other |  | $ | 1,051 |  |  | $ | 20 |  |  | $ | 1,071 |
Total current assets |  | 7,113 |  |  | 20 |  |  | 7,133 |
Total assets |  | 42,326 |  |  | 20 |  |  | 42,346 |
Advance ticket sales |  | 3,876 |  |  | 64 |  |  | 3,940 |
Frequent flyer deferred revenue |  | 2,176 |  |  | 16 |  |  | 2,192 |
Other |  | 569 |  |  | 7 |  |  | 576 |
Total current liabilities |  | 12,676 |  |  | 87 |  |  | 12,763 |
Frequent flyer deferred revenue - long-term |  | 2,565 |  |  | 26 |  |  | 2,591 |
Deferred income taxes |  | 225 |  |  | (21 | ) |  | 204 |
Total other liabilities and deferred credits |  | 8,145 |  |  | 5 |  |  | 8,150 |
Retained earnings |  | 4,621 |  |  | (72 | ) |  | 4,549 |
Total stockholders' equity |  | 8,806 |  |  | (72 | ) |  | 8,734 |
Total liabilities and stockholders' equity |  | 42,326 |  |  | 20 |  |  | 42,346 |

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- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22580-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22499-107794 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01.(b)(6)) -URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22583-107794 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305 + Details
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