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Special Charges
 9 Months Ended
Sep. 30, 2023
Other Income and Expenses [Abstract]  
SPECIAL CHARGES SPECIAL CHARGES
For the three and nine months ended September 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
September 30,		Nine Months Ended
September 30,
2023202220232022
Labor contract ratification bonuses$1 $— $814 $— 
(Gains) losses on sale of assets and other special charges28 20 88 124 
Total operating special charges29 20 902 124 
Nonoperating unrealized (gains) losses on investments, net54 (28)(54)12 
Nonoperating debt extinguishment and modification fees— — 11 7 
Total nonoperating special charges and unrealized (gains) losses on investments, net54 (28)(43)19 
Total operating and nonoperating special charges and unrealized (gains) losses on investments, net83 (8)859 143 
Income tax benefit, net of valuation allowance (7)(7)(204)(17)
Total operating and nonoperating special charges and unrealized (gains) losses on investments, net of income taxes$76 $(15)$655 $126 
2023
Labor contract ratification bonuses. During the nine months ended September 30, 2023, the Company recorded $814 million of expense associated with the agreements with ALPA, IAM and other work groups. See Note 7 for additional information.
(Gains) losses on sale of assets and other special charges. During the three and nine months ended September 30, 2023, the Company recorded $28 million and $88 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, an impairment of flight training equipment that is being sold and other gains and losses on the sale of assets.
Nonoperating unrealized (gains) losses on investments, net. During the three and nine months ended September 30, 2023, the Company recorded losses of $54 million and gains of $54 million, respectively, primarily for the change in the market value of its investments in equity securities.
Nonoperating debt extinguishment and modification fees. During the nine months ended September 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 nine months ended September 30, 2022, the Company recorded $20 million and $124 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 nine months ended September 30, 2022, the Company recorded gains of $28 million and losses of $12 million, respectively, primarily related to the change in the market value of its investments in equity securities.
Nonoperating debt extinguishment and modification fees. During the nine months ended September 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.