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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 2,621 $ 1,482 [1]
Short-term investments 2,314 2,316 [1]
Receivables, less allowance for doubtful accounts (2018 — $6; 2017 — $7) 1,752 1,340 [1]
Aircraft fuel, spare parts and supplies, less obsolescence allowance (2018 — $396; 2017 — $354) 1,011 924 [1]
Prepaid expenses and other 973 1,071 [1]
Total current assets 8,671 7,133 [1]
Owned—    
Flight equipment 30,516 28,692 [1]
Other property and equipment 7,765 6,946 [1]
Total owned property and equipment 38,281 35,638 [1]
Less — Accumulated depreciation and amortization (12,487) (11,159) [1]
Total owned property and equipment, net 25,794 24,479 [1]
Purchase deposits for flight equipment 1,101 1,344 [1]
Capital leases—    
Flight equipment 1,221 1,151 [1]
Other property and equipment 23 11 [1]
Total capital leases 1,244 1,162 [1]
Less — Accumulated amortization (831) (777) [1]
Total capital leases, net 413 385 [1]
Total operating property and equipment, net 27,308 26,208 [1]
Other assets:    
Goodwill 4,523 4,523 [1]
Intangibles, less accumulated amortization (2018 — $1,363; 2017 — $1,313) 3,382 3,539 [1]
Restricted cash 105 91 [1]
Investments in affiliates and other, net 848 852 [1]
Total other assets 8,858 9,005 [1]
Total assets 44,837 42,346 [1]
Current liabilities:    
Advance ticket sales 5,193 3,940 [1]
Accounts payable 2,581 2,196 [1]
Frequent flyer deferred revenue 2,275 2,192 [1]
Accrued salaries and benefits 2,004 2,166 [1]
Current maturities of long-term debt 910 1,565 [1]
Current maturities of capital leases 136 128 [1]
Other 585 576 [1]
Total current liabilities 13,684 12,763 [1]
Long-term debt 12,218 11,703 [1]
Long-term obligations under capital leases 1,116 996 [1]
Other liabilities and deferred credits:    
Frequent flyer deferred revenue 2,712 2,591 [1]
Postretirement benefit liability 1,577 1,602 [1]
Pension liability 1,611 1,921 [1]
Deferred income taxes 639 204 [1]
Lease fair value adjustment, net 82 198 [1]
Other 1,729 1,634 [1]
Total other liabilities and deferred credits 8,350 8,150 [1]
Commitments and contingencies
Stockholders' equity:    
Preferred stock 0 0 [1]
Common stock 3 3 [1]
Additional capital invested 6,105 6,098 [1]
Retained earnings 6,203 4,549 [1]
Stock held in treasury, at cost (1,753) (769) [1]
Accumulated other comprehensive loss (1,089) (1,147) [1]
Total stockholders' equity 9,469 8,734 [1]
Total liabilities and stockholders' equity 44,837 42,346 [1]
United Airlines, Inc.    
Current assets:    
Cash and cash equivalents 2,615 1,476 [2]
Short-term investments 2,314 2,316 [2]
Receivables, less allowance for doubtful accounts (2018 — $6; 2017 — $7) 1,752 1,340 [2]
Aircraft fuel, spare parts and supplies, less obsolescence allowance (2018 — $396; 2017 — $354) 1,011 924 [2]
Prepaid expenses and other 973 1,071 [2]
Total current assets 8,665 7,127 [2]
Owned—    
Flight equipment 30,516 28,692 [2]
Other property and equipment 7,765 6,946 [2]
Total owned property and equipment 38,281 35,638 [2]
Less — Accumulated depreciation and amortization (12,487) (11,159) [2]
Total owned property and equipment, net 25,794 24,479 [2]
Purchase deposits for flight equipment 1,101 1,344 [2]
Capital leases—    
Flight equipment 1,221 1,151 [2]
Other property and equipment 23 11 [2]
Total capital leases 1,244 1,162 [2]
Less — Accumulated amortization (831) (777) [2]
Total capital leases, net 413 385 [2]
Total operating property and equipment, net 27,308 26,208 [2]
Other assets:    
Goodwill 4,523 4,523 [2]
Intangibles, less accumulated amortization (2018 — $1,363; 2017 — $1,313) 3,382 3,539 [2]
Restricted cash 105 91 [2]
Investments in affiliates and other, net 849 852 [2]
Total other assets 8,859 9,005 [2]
Total assets 44,832 42,340 [2]
Current liabilities:    
Advance ticket sales 5,193 3,940 [2]
Accounts payable 2,581 2,196 [2]
Frequent flyer deferred revenue 2,275 2,192 [2]
Accrued salaries and benefits 2,004 2,166 [2]
Current maturities of long-term debt 910 1,565 [2]
Current maturities of capital leases 136 128 [2]
Other 590 581 [2]
Total current liabilities 13,689 12,768 [2]
Long-term debt 12,218 11,703 [2]
Long-term obligations under capital leases 1,116 996 [2]
Other liabilities and deferred credits:    
Frequent flyer deferred revenue 2,712 2,591 [2]
Postretirement benefit liability 1,577 1,602 [2]
Pension liability 1,611 1,921 [2]
Deferred income taxes 666 231 [2]
Lease fair value adjustment, net 82 198 [2]
Other 1,729 1,634 [2]
Total other liabilities and deferred credits 8,377 8,177 [2]
Commitments and contingencies
Stockholders' equity:    
Common stock 0 0 [2]
Additional capital invested 822 1,787 [2]
Retained earnings 9,807 8,146 [2]
Accumulated other comprehensive loss (1,089) (1,147) [2]
Receivable from related parties (108) (90) [2]
Total stockholders' equity 9,432 8,696 [2]
Total liabilities and stockholders' equity $ 44,832 $ 42,340 [2]
[1] Amounts adjusted due to the adoption of Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606). See Note 1 to the financial statements contained in Part I, Item 1 of this report for additional information.
[2] Amounts adjusted due to the adoption of Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606). See Note 1 to the financial statements contained in Part I, Item 1 of this report for additional information.