XML 38 R21.htm IDEA: XBRL DOCUMENT
v3.20.2

Comprehensive Income (Loss) (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Equity [Abstract] |
Components of Comprehensive Income (Loss) | The differences between Net income (loss) and Comprehensive income (loss) for the three and six months ended June 30, 2020 and 2019 were as follows:
| Three months ended June 30, |  |
(in millions) | 2020 |  | 2019
NET INCOME (LOSS) | $ | (915) |  |  | $ | 741 |
Unrealized gain (loss) on fuel derivative instruments, net of deferred taxes of $9 and ($17) | 30 |  |  | (56) |
Unrealized gain (loss) on interest rate derivative instruments, net of deferred taxes of $- and ($4) | 1 |  |  | (15) |
Other, net of deferred taxes of $8 and $1 | 25 |  |  | 5 |
Total other comprehensive income (loss) | $ | 56 |  |  | $ | (66) |
COMPREHENSIVE INCOME (LOSS) | $ | (859) |  |  | $ | 675 |
| Six months ended June 30, |  |
(in millions) | 2020 |  | 2019
NET INCOME (LOSS) | $ | (1,009) |  |  | $ | 1,128 |
Unrealized gain (loss) on fuel derivative instruments, net of deferred taxes of ($10) and $6 | (35) |  |  | 19 |
Unrealized loss on interest rate derivative instruments, net of deferred taxes of ($10) and ($8) | (31) |  |  | (25) |
Other, net of deferred taxes of ($1) and $4 | (3) |  |  | 16 |
Total other comprehensive income (loss) | $ | (69) |  |  | $ | 10 |
COMPREHENSIVE INCOME (LOSS) | $ | (1,078) |  |  | $ | 1,138 |
Rollforward of the Amounts Included in AOCI, Net of Taxes | A rollforward of the amounts included in AOCI is shown below for the three and six months ended June 30, 2020:
(in millions) | Fuel derivatives |  | Interest rate derivatives |  | Defined benefit plan items |  | Other |  | Deferred tax |  | Accumulated other comprehensive income (loss)
Balance at March 31, 2020 | $ | (209) |  |  | $ | (75) |  |  | $ | 20 |  |  | $ | 22 |  |  | $ | 56 |  |  | $ | (186) |
Changes in fair value | 11 |  |  | — |  |  | — |  |  | 33 |  |  | (10) |  |  | 34 |
Reclassification to earnings | 28 |  |  | 1 |  |  | — |  |  | — |  |  | (7) |  |  | 22 |
Balance at June 30, 2020 | $ | (170) |  |  | $ | (74) |  |  | $ | 20 |  |  | $ | 55 |  |  | $ | 39 |  |  | $ | (130) |
(in millions) | Fuel derivatives |  | Interest rate derivatives |  | Defined benefit plan items |  | Other |  | Deferred tax |  | Accumulated other comprehensive income (loss)
Balance at December 31, 2019 | $ | (125) |  |  | $ | (33) |  |  | $ | 20 |  |  | $ | 59 |  |  | $ | 18 |  |  | $ | (61) |
Changes in fair value | (97) |  |  | (42) |  |  | — |  |  | (4) |  |  | 33 |  |  | (110) |
Reclassification to earnings | 52 |  |  | 1 |  |  | — |  |  | — |  |  | (12) |  |  | 41 |
Balance at June 30, 2020 | $ | (170) |  |  | $ | (74) |  |  | $ | 20 |  |  | $ | 55 |  |  | $ | 39 |  |  | $ | (130) |
Reclassification out of Accumulated Other Comprehensive Income (Loss) | The following tables illustrate the significant amounts reclassified out of each component of AOCI for the three and six months ended June 30, 2020:
Three months ended June 30, 2020 |  |  |  |
(in millions) |  | Amounts reclassified from AOCI |  | Affected line item in the unaudited Condensed Consolidated Statement of Comprehensive Income (Loss)
AOCI components |  |  |  |
Unrealized loss on fuel derivative instruments |  | $ | 14 |  |  | Fuel and oil expense
|  | 14 |  |  | Other (gains) losses, net
|  | 7 |  |  | Less: Tax expense
|  | $ | 21 |  |  | Net of tax
Unrealized loss on interest rate derivative instruments |  | $ | 1 |  |  | Interest expense
|  | — |  |  | Less: Tax expense
|  | $ | 1 |  |  | Net of tax
Total reclassifications for the period |  | $ | 22 |  |  | Net of tax
Six months ended June 30, 2020 |  |  |  |
(in millions) |  | Amounts reclassified from AOCI |  | Affected line item in the unaudited Condensed Consolidated Statement of Comprehensive Income (Loss)
AOCI components |  |  |  |
Unrealized loss on fuel derivative instruments |  | $ | 36 |  |  | Fuel and oil expense
|  | 16 |  |  | Other (gains) losses, net
|  | 12 |  |  | Less: Tax Expense
|  | $ | 40 |  |  | Net of tax
Unrealized loss on interest rate derivative instruments |  | $ | 1 |  |  | Interest expense
|  | — |  |  | Less: Tax Expense
|  | $ | 1 |  |  | Net of tax
Total reclassifications for the period |  | $ | 41 |  |  | Net of tax

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

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118930883&loc=d3e526-108580 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration