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Comprehensive Income (Loss) (Tables) | 3 Months Ended
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Mar. 31, 2022
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] |
Components of Comprehensive Income (Loss) | The differences between Net income (loss) and Comprehensive income (loss) for the three months ended March 31, 2022 and 2021 were as follows:
| Three months ended March 31,
(in millions) | 2022 |  | 2021
NET INCOME (LOSS) | $ | (278) |  |  | $ | 116 |
Unrealized gain on fuel derivative instruments, net of deferred taxes of $151 and $30 | 498 |  |  | 101 |
Unrealized gain on interest rate derivative instruments, net of deferred taxes of $2 and $3 | 5 |  |  | 10 |
Other, net of deferred taxes of $— and ($13) | — |  |  | (47) |
Total other comprehensive income | $ | 503 |  |  | $ | 64 |
COMPREHENSIVE INCOME | $ | 225 |  |  | $ | 180 |
Rollforward of the Amounts Included in AOCI, Net of Taxes | A rollforward of the amounts included in AOCI, net of taxes, is shown below for the three months ended March 31, 2022:
(in millions) | Fuel derivatives |  | Interest rate derivatives |  | Defined benefit plan items |  |  |  | Deferred tax |  | Accumulated other comprehensive income
Balance at December 31, 2021 | $ | 492 |  |  | $ | (57) |  |  | $ | 66 |  |  |  |  | $ | (113) |  |  | $ | 388 |
Changes in fair value | 852 |  |  | 5 |  |  | — |  |  |  |  | (199) |  |  | 658 |
Reclassification to earnings | (203) |  |  | 2 |  |  | — |  |  |  |  | 46 |  |  | (155) |
Balance at March 31, 2022 | $ | 1,141 |  |  | $ | (50) |  |  | $ | 66 |  |  |  |  | $ | (266) |  |  | $ | 891 |
Reclassification out of Accumulated Other Comprehensive Income (Loss) | The following table illustrates the significant amounts reclassified out of each component of AOCI for the three months ended March 31, 2022:
Three months ended March 31, 2022
(in millions) |  | Amounts reclassified from AOCI |  | Affected line item in the unaudited Condensed Consolidated Statement of Comprehensive Income (Loss)
AOCI components |  |
Unrealized gain on fuel derivative instruments |  | $ | (203) |  |  | Fuel and oil expense
|  | (47) |  |  | Less: Tax expense
|  | $ | (156) |  |  | Net of tax
Unrealized loss on interest rate derivative instruments |  | $ | 2 |  |  | Interest expense
|  | 1 |  |  | Less: Tax expense
|  | $ | 1 |  |  | Net of tax
Total reclassifications for the period |  | $ | (155) |  |  | Net of tax

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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: 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=124509347&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
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- 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=124509347&loc=d3e526-108580 + Details
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