Accumulated Other Comprehensive Income (Loss) (Notes)

6 Months Ended

Jun. 30, 2020

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Comprehensive Income (Loss) Note [Text Block]

Accumulated Other Comprehensive Income (Loss)

Comprehensive income (loss) includes changes in fair value of our aircraft fuel derivatives which qualify for hedge accounting. A rollforward of the amounts included in accumulated other comprehensive income (loss), net of taxes for the three months ended June 30, 2020 and 2019 is as follows (in millions):



	Aircraft Fuel Derivatives⁽¹⁾⁽²⁾			Total
Balance of accumulated (loss), at March 31, 2020	$	(6	)	$	(6	)
Reclassifications into earnings, net of deferred taxes of $(1)	3			3
Change in fair value, net of deferred taxes of $0	—			—
Balance of accumulated (loss), at June 30, 2020	$	(3	)	$	(3	)

Balance of accumulated (loss), at March 31, 2019	$	(1	)	$	(1	)
Reclassifications into earnings, net of deferred taxes of $(1)	1			1
Change in fair value, net of deferred taxes of $0	1			1
Balance of accumulated income, at June 30, 2019	$	1		$	1

A rollforward of the amounts included in accumulated other comprehensive income (loss), net of taxes for the six months ended June 30, 2020 and 2019 is as follows (in millions):



	Aircraft Fuel Derivatives⁽¹⁾⁽²⁾			Total
Balance of accumulated income, at December 31, 2019	$	2		$	2
Reclassifications into earnings, net of deferred taxes of $(2)	6			6
Change in fair value, net of deferred taxes of $5	(11		)	(11		)
Balance of accumulated (loss), at June 30, 2020	$	(3	)	$	(3	)

Balance of accumulated (loss), at December 31, 2018	$	(3	)	$	(3	)
Reclassifications into earnings, net of deferred taxes $(1)	3			3
Change in fair value, net of deferred taxes of $0	1			1
Balance of accumulated income, at June 30, 2019	$	1		$	1

(1) Reclassified to aircraft fuel expense.

(2) We made several capacity reductions in response to the COVID-19 pandemic. These capacity reductions led to the discontinuance of hedge accounting on a number of our aircraft fuel derivatives as the forecasted consumption of aircraft fuel was no longer probable. Losses of $2 million and $4 million that were previously deferred in other comprehensive loss were reclassified to interest income and other during the three and six months ended June 30, 2020, respectively.