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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 2,453 $ 959
Investment securities 566 369
Receivables, less allowance (2020-$2; 2019-$1) 91 231
Inventory, Net 70 81
Prepaid expenses and other 275 146
Total current assets 3,455 1,786
PROPERTY AND EQUIPMENT    
Flight equipment 10,103 10,332
Predelivery deposits for flight equipment 441 433
Flight Equipment, gross plus deposits 10,544 10,765
Less accumulated depreciation 2,799 2,768
Flight Equipment, Net 7,745 7,997
Other property and equipment 1,210 1,145
Less accumulated depreciation 580 528
Property plant and equipment other net 630 617
Total property and equipment, net 8,375 8,614
Operating Lease, Right-of-Use Asset 833 912
OTHER ASSETS    
Investment securities 3 3
Restricted cash 52 59
Other 715 544
Total other assets 770 606
TOTAL ASSETS 13,433 11,918
CURRENT LIABILITIES    
Accounts payable 407 401
Air traffic liability 1,253 1,119
Accrued salaries, wages and benefits 391 376
Other accrued liabilities 244 295
Operating Lease, Liability, Current 113 128
Current maturities of long-term debt and finance lease obligations 400 344
Total current liabilities 2,808 2,663
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS 4,439 1,990
Operating Lease, Liability, Noncurrent 782 690
DEFERRED TAXES AND OTHER LIABILITIES    
Deferred income taxes 1,092 1,251
Air traffic liability - loyalty non-current 512 481
Other 83 44
Total deferred taxes and other liabilities 1,687 1,776
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.01 par value; 25 shares authorized, none issued 0 0
Common stock, $0.01 par value; 900 shares authorized, 430 and 427 shares issued and 272 and 282 shares outstanding at September 30, 2020 and December 31, 2019, respectively 4 4
Treasury stock, at cost; 158 and 145 shares at September 30, 2020 and December 31, 2019, respectively (1,981) (1,782)
Additional paid-in capital 2,355 2,253
Retained earnings 3,341 4,322
Accumulated other comprehensive (loss) income (2) 2
Total stockholders’ equity 3,717 4,799
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 13,433 $ 11,918