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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 959 $ 474
Investment securities 369 413
Receivables, less allowance (2019 - $1; 2018-$1) 231 211
Inventories, less allowance (2019 - $22; 2018-$18) 81 78
Prepaid expenses and other 146 212
Total current assets 1,786 1,388
PROPERTY AND EQUIPMENT    
Flight equipment 10,332 9,525
Predelivery deposits for flight equipment 433 293
Flight equipment, gross plus deposits 10,765 9,818
Less accumulated depreciation 2,768 2,448
Flight equipment net 7,997 7,370
Other property and equipment 1,145 1,074
Less accumulated depreciation 528 461
Property plant and equipment other net 617 613
Total property and equipment, net 8,614 7,983
Operating Lease, Right-of-Use Asset 912 1,056
OTHER ASSETS    
Investment securities 3 3
Restricted cash 59 59
Other 544 470
Total other assets 606 532
TOTAL ASSETS 11,918 10,959
CURRENT LIABILITIES    
Accounts payable 401 437
Air traffic liability 1,119 1,035
Accrued salaries, wages and benefits 376 313
Other accrued liabilities 295 298
Operating Lease, Liability, Current 128 133
Current maturities of long-term debt and finance lease obligations 344 309
Total current liabilities 2,663 2,525
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS 1,990 1,361
Operating Lease, Liability, Noncurrent 690 798
DEFERRED TAXES AND OTHER LIABILITIES    
Deferred income taxes 1,251 1,112
Frequent Flier Liability, Noncurrent 481 447
Other 44 31
Total deferred taxes and other liabilities 1,776 1,590
COMMITMENTS AND CONTINGENCIES (Notes 11 & 12)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.01 par value; 25 shares authorized, none issued 0 0
Common stock, $0.01 par value; 900 shares authorized, 427 and 422 shares issued and 282 and 306 shares outstanding at 2019 and 2018, respectively 4 4
Treasury stock, at cost; 145 and 116 shares at 2019 and 2018, respectively (1,782) (1,272)
Additional paid-in capital 2,253 2,203
Retained earnings 4,322 3,753
Accumulated other comprehensive income (loss) 2 (3)
Total stockholders’ equity 4,799 4,685
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 11,918 $ 10,959