XML 22 R8.htm IDEA: XBRL DOCUMENT
v3.5.0.2

COMPREHENSIVE INCOME | 6 Months Ended
--- | ---
Jun. 30, 2016
Equity [Abstract] |
COMPREHENSIVE INCOME | COMPREHENSIVE INCOME Comprehensive income includes changes in the fair value of certain financial derivative instruments that qualify for hedge accounting, unrealized gains and losses on certain investments, and actuarial gains/losses arising from the Company’s postretirement benefit obligation. The differences between Net income and Comprehensive income for the three and six months ended June 30, 2016 and 2015 were as follows:
| Three months ended June 30,
(in millions) | 2016 |  | 2015
NET INCOME | $ | 820 |  |  | $ | 608 |
Unrealized gain on fuel derivative instruments, net of deferred taxes of $155 and $44 | 265 |  |  | 74 |
Unrealized gain on interest rate derivative instruments, net of deferred taxes of $1 and $2 | 1 |  |  | 4 |
Total other comprehensive income | $ | 266 |  |  | $ | 78 |
COMPREHENSIVE INCOME | $ | 1,086 |  |  | $ | 686 |
| Six months ended June 30,
(in millions) | 2016 |  | 2015
NET INCOME | $ | 1,333 |  |  | $ | 1,061 |
Unrealized gain on fuel derivative instruments, net of deferred taxes of $249 and $43 | 424 |  |  | 71 |
Unrealized gain (loss) on interest rate derivative instruments, net of deferred taxes of ($1) and $2 | (1 | ) |  | 3 |
Total other comprehensive income | $ | 423 |  |  | $ | 74 |
COMPREHENSIVE INCOME | $ | 1,756 |  |  | $ | 1,135 |
A rollforward of the amounts included in AOCI, net of taxes, is shown below for the three and six months ended June 30, 2016:
(in millions) | Fuel derivatives |  | Interest rate derivatives |  | Defined benefit plan items |  | Other |  | Deferred tax |  | Accumulated other comprehensive income (loss)
Balance at March 31, 2016 | $ | (1,413 | ) |  | $ | (34 | ) |  | $ | 22 |  |  | $ | 6 |  |  | $ | 525 |  |  | $ | (894 | )
Changes in fair value | 184 |  |  | (2 | ) |  | — |  |  | — |  |  | (68 | ) |  | 114 |
Reclassification to earnings | 236 |  |  | 4 |  |  | — |  |  | — |  |  | (88 | ) |  | 152 |
Balance at June 30, 2016 | $ | (993 | ) |  | $ | (32 | ) |  | $ | 22 |  |  | $ | 6 |  |  | $ | 369 |  |  | $ | (628 | )
(in millions) | Fuel derivatives |  | Interest rate derivatives |  | Defined benefit plan items |  | Other |  | Deferred tax |  | Accumulated other comprehensive income (loss)
Balance at December 31, 2015 | $ | (1,666 | ) |  | $ | (30 | ) |  | $ | 22 |  |  | $ | 6 |  |  | $ | 617 |  |  | $ | (1,051 | )
Changes in fair value | 127 |  |  | (10 | ) |  | — |  |  | — |  |  | (43 | ) |  | 74 |
Reclassification to earnings | 546 |  |  | 8 |  |  | — |  |  | — |  |  | (205 | ) |  | 349 |
Balance at June 30, 2016 | $ | (993 | ) |  | $ | (32 | ) |  | $ | 22 |  |  | $ | 6 |  |  | $ | 369 |  |  | $ | (628 | )
The following tables illustrate the significant amounts reclassified out of each component of AOCI for the three and six months ended June 30, 2016:
Three months ended June 30, 2016
(in millions) |  | Amounts reclassified from AOCI |  | Affected line item in the unaudited Condensed Consolidated Statement of Comprehensive Income
AOCI components |  |
Unrealized loss on fuel derivative instruments |  | $ | 236 |  |  | Fuel and oil expense
|  | 87 |  |  | Less: Tax Expense
|  | $ | 149 |  |  | Net of tax
Unrealized loss on interest rate derivative instruments |  | $ | 4 |  |  | Interest expense
|  | 1 |  |  | Less: Tax Expense
|  | $ | 3 |  |  | Net of tax
Total reclassifications for the period |  | $ | 152 |  |  | Net of tax
Six months ended June 30, 2016
(in millions) |  | Amounts reclassified from AOCI |  | Affected line item in the unaudited Condensed Consolidated Statement of Comprehensive Income
AOCI components |  |
Unrealized loss on fuel derivative instruments |  | $ | 546 |  |  | Fuel and oil expense
|  | 202 |  |  | Less: Tax Expense
|  | $ | 344 |  |  | Net of tax
Unrealized loss on interest rate derivative instruments |  | $ | 8 |  |  | Interest expense
|  | 3 |  |  | Less: Tax Expense
|  | $ | 5 |  |  | Net of tax
Total reclassifications for the period |  | $ | 349 |  |  | Net of tax

X
- 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=36458714&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=36458714&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=36458714&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=36458714&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=36458714&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=36458714&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=36458714&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
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration