XML 33 R20.htm IDEA: XBRL DOCUMENT v3.22.1

Comprehensive Income (Loss) (Tables)

3 Months Ended

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

X

- References

No definition available.

+ Details

Name:	us-gaap_ComprehensiveIncomeNetOfTaxAbstract
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:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=124509347&loc=d3e526-108580

+ Details

Name:	us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration