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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 1,854 $ 1,495
Short-term investments 1,835 1,778
Accounts and other receivables 568 662
Inventories of parts and supplies, at cost 461 420
Prepaid expenses and other current assets 310 460
Total current assets 5,028 4,815
Property and equipment, at cost:    
Flight equipment 21,753 21,368
Ground property and equipment 4,960 4,399
Deposits on flight equipment purchase contracts 775 919
Assets constructed for others 1,768 1,543
Property and equipment, at cost 29,256 28,229
Less allowance for depreciation and amortization 9,731 9,690
Property and equipment, net 19,525 18,539
Goodwill 970 970
Other assets 720 786
Total assets 26,243 25,110
Current liabilities:    
Accounts payable 1,416 1,320
Accrued liabilities 1,749 1,700
Air traffic liability 4,134 3,495
Current maturities of long-term debt 606 348
Total current liabilities 7,905 6,863
Long-term debt less current maturities 2,771 3,320
Air traffic liablity - noncurrent 936 1,070
Deferred income taxes 2,427 2,119
Construction obligation [1] 1,701 1,390
Other noncurrent liabilities 650 707
Stockholders' equity:    
Common stock, $1.00 par value: 2,000,000,000 shares authorized; 807,611,634 shares issued in 2018 and 2017 808 808
Capital in excess of par value 1,510 1,451
Retained earnings 15,967 13,832
Accumulated Other Comprehensive Income, Net of Tax 20 12
Treasury stock, at cost: 255,008,275 and 219,060,856 shares in 2018 and 2017 respectively (8,452) (6,462)
Total stockholders' equity 9,853 9,641
Total liabilities and stockholders' equity $ 26,243 $ 25,110
[1] Construction obligation will be reduced through future facility rent payments. These future payments are not fixed per the lease agreement, but are variable and fluctuate based on various market and other factors outside the control of the Company.