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LONG-TERM DEBT (Tables) | 6 Months Ended
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Jun. 30, 2021
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | Long-term debt obligations on the condensed consolidated balance sheet (in millions):
| June 30, 2021 |  | December 31, 2020
Fixed-rate notes payable due through 2029 | $ | 180 |  |  | $ | 198 |
Fixed-rate PSP notes payable due through 2031 | 600 |  |  | 290 |
Fixed-rate EETC payable due through 2025 & 2027 | 1,116 |  |  | 1,174 |
Variable-rate notes payable due through 2029 | 1,315 |  |  | 1,866 |
Less debt issuance costs and unamortized debt discount | (23) |  |  | (33) |
Total debt | 3,188 |  |  | 3,495 |
Less current portion | 869 |  |  | 1,138 |
Long-term debt, less current portion | $ | 2,319 |  |  | $ | 2,357 |
Weighted-average fixed-interest rate | 3.7 | % |  | 4.3 | %
Weighted-average variable-interest rate | 1.6 | % |  | 1.9 | %
Schedule of Maturities of Long-term Debt | At June 30, 2021 long-term debt principal payments for the next five years and thereafter are as follows (in millions):
| Total
Remainder of 2021 | $ | 227 |
2022 | 796 |
2023 | 334 |
2024 | 240 |
2025 | 261 |
Thereafter | 1,353 |
Total | $ | 3,211 |

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