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ACQUISITION OF VIRGIN AMERICA, INC. (Tables) | 12 Months Ended
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Dec. 31, 2017
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | Fair values of the assets acquired and the liabilities assumed as of the acquisition date, December 14, 2016, at December 31, 2017 and December 31, 2016 were as follows (in millions):
| December 31, 2017 |  | December 31, 2016
Cash and cash equivalents | $ | 645 |  |  | $ | 645 |
Receivables | 53 |  |  | 44 |
Prepaid expenses and other current assets | 18 |  |  | 16 |
Property and equipment | 571 |  |  | 560 |
Intangible assets | 141 |  |  | 143 |
Goodwill | 1,943 |  |  | 1,934 |
Other assets | 89 |  |  | 84 |
Total assets | 3,460 |  |  | 3,426 |
Accounts payable | 22 |  |  | 22 |
Accrued wages, vacation and payroll taxes | 54 |  |  | 51 |
Air traffic liabilities | 172 |  |  | 172 |
Other accrued liabilities | 198 |  |  | 196 |
Current portion of long-term debt | 125 |  |  | 125 |
Long-term debt, net of current portion | 360 |  |  | 360 |
Deferred income taxes | (300 | ) |  | (304 | )
Deferred revenue | 126 |  |  | 126 |
Other liabilities | 107 |  |  | 82 |
Total liabilities | 864 |  |  | 830 |
Total purchase price | $ | 2,596 |  |  | $ | 2,596 |
Business Acquisition, Pro Forma Information | Accordingly, the unaudited pro forma financial information below is not necessarily indicative of either future results of operations or results that might have been achieved had the acquisition been consummated as of January 1, 2015.
(in millions, except per share amounts) | Years Ended December 31,
| 2016 |  | 2015
Revenue | $ | 7,511 |  |  | $ | 7,111 |
Net Income | 1,008 |  |  | 914 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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