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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 1,834 $ 2,018
Investment securities 950 824
Receivables, less allowance (2022-$3; 2021-$3) 248 207
Inventories, less allowance (2022-$25; 2021-$24) 68 74
Prepaid expenses and other 172 124
Total current assets 3,272 3,247
PROPERTY AND EQUIPMENT    
Flight equipment 11,265 11,161
Predelivery deposits for flight equipment 369 337
Total flight equipment and predelivery deposits, gross 11,634 11,498
Less accumulated depreciation 3,324 3,227
Total flight equipment and predelivery deposits, net 8,310 8,271
Other property and equipment 1,228 1,205
Less accumulated depreciation 681 662
Total other property and equipment, net 547 543
Total property and equipment, net 8,857 8,814
OPERATING LEASE ASSETS 767 729
OTHER ASSETS    
Investment securities 110 39
Restricted cash 67 59
Intangible assets, less accumulated amortization (2022-$417; 2021-$405) 274 284
Other 456 470
Total other assets 907 852
TOTAL ASSETS 13,803 13,642
CURRENT LIABILITIES    
Accounts payable 624 499
Air traffic liability 1,939 1,618
Accrued salaries, wages and benefits 478 480
Other accrued liabilities 496 359
Current operating lease liabilities 108 106
Current maturities of long-term debt and finance lease obligations 381 355
Total current liabilities 4,026 3,417
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS 3,545 3,651
LONG-TERM OPERATING LEASE LIABILITIES 726 690
DEFERRED TAXES AND OTHER LIABILITIES    
Deferred income taxes 702 843
Air traffic liability - non-current 655 640
Other 551 552
Total deferred taxes and other liabilities 1,908 2,035
COMMITMENTS AND CONTINGENCIES (Note 6)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.01 par value; 25 shares authorized, none issued 0 0
Common stock, $0.01 par value; 900 shares authorized, 479 and 478 shares issued and 321 and 320 shares outstanding at March 31, 2022 and December 31, 2021, respectively 5 5
Treasury stock, at cost; 158 and 158 shares at March 31, 2022 and December 31, 2021, respectively (1,995) (1,989)
Additional paid-in capital 3,058 3,047
Retained earnings 2,531 2,786
Accumulated other comprehensive (loss) (1) 0
Total stockholders’ equity 3,598 3,849
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 13,803 $ 13,642