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Special Charges | 6 Months Ended
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Jun. 30, 2023
Other Income and Expenses [Abstract] |
SPECIAL CHARGES | SPECIAL CHARGES For the three and six months ended June 30, operating and nonoperating special charges and unrealized (gains) losses on investments in the statements of consolidated operations consisted of the following (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Labor contract ratification bonuses | $ | 813 |  |  | $ | — |  |  | $ | 813 |  |  | $ | — |
(Gains) losses on sale of assets and other special charges | 46 |  |  | 112 |  |  | 60 |  |  | 104 |
Total operating special charges | 859 |  |  | 112 |  |  | 873 |  |  | 104 |
Nonoperating unrealized (gains) losses on investments, net | (84) |  |  | 40 |  |  | (108) |  |  | 40 |
Nonoperating debt extinguishment and modification fees | 11 |  |  | — |  |  | 11 |  |  | 7 |
Total nonoperating special charges and unrealized (gains) losses on investments, net | (73) |  |  | 40 |  |  | (97) |  |  | 47 |
Total operating and nonoperating special charges and unrealized (gains) losses on investments, net | 786 |  |  | 152 |  |  | 776 |  |  | 151 |
Income tax benefit, net of valuation allowance | (194) |  |  | (10) |  |  | (197) |  |  | (10) |
Total operating and nonoperating special charges and unrealized (gains) losses on investments, net of income taxes | $ | 592 |  |  | $ | 142 |  |  | $ | 579 |  |  | $ | 141 |
2023 Labor contract ratification bonuses. During the three and six months ended June 30, 2023, the Company recorded $813 million of expense associated with the recently completed AIP with ALPA and ratified contracts with IAM. See Note 7 for additional information. (Gains) losses on sale of assets and other special charges. During the three and six months ended June 30, 2023, the Company recorded $46 million and $60 million, respectively, of net charges primarily comprised of reserves for various legal matters, accelerated depreciation related to certain of the Company's assets that will be retired early and other gains and losses on the sale of assets. Nonoperating unrealized (gains) losses on investments, net. During the three and six months ended June 30, 2023, the Company recorded gains of $84 million and $108 million, respectively, primarily for the change in the market value of its investments in equity securities. Nonoperating debt extinguishment and modification fees. During the three and six months ended June 30, 2023, the Company recorded $11 million of charges primarily related to the prepayment of $1.0 billion of the outstanding principal amount under a 2021 term loan facility. 2022 (Gains) losses on sale of assets and other special charges. During the three and six months ended June 30, 2022, the Company recorded $112 million and $104 million, respectively, of net charges primarily comprised of $94 million for various legal matters. Nonoperating unrealized (gains) losses on investments, net. During the three and six months ended June 30, 2022, the Company recorded losses of $40 million, primarily related to the change in the market value of its investments in equity securities. Nonoperating debt extinguishment and modification fees. During the six months ended June 30, 2022, the Company recorded $7 million of charges primarily related to the early redemption of $400 million of the outstanding principal amount of its 4.25% senior notes due 2022.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//420/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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