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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 1,611 $ 2,018
Investment securities 873 824
Receivables, less allowance (2022-$3; 2021-$3) 291 207
Inventories, less allowance (2022-$26; 2021-$24) 73 74
Prepaid expenses and other 146 124
Total current assets 2,994 3,247
PROPERTY AND EQUIPMENT    
Flight equipment 11,390 11,161
Predelivery deposits for flight equipment 369 337
Total flight equipment and predelivery deposits, gross 11,759 11,498
Less accumulated depreciation 3,430 3,227
Total flight equipment and predelivery deposits, net 8,329 8,271
Other property and equipment 1,274 1,205
Less accumulated depreciation 699 662
Total other property and equipment, net 575 543
Total property and equipment, net 8,904 8,814
OPERATING LEASE ASSETS 739 729
OTHER ASSETS    
Investment securities 120 39
Restricted cash 79 59
Intangible assets, less accumulated amortization (2022-$430; 2021-$405) 269 284
Other 438 470
Total other assets 906 852
TOTAL ASSETS 13,543 13,642
CURRENT LIABILITIES    
Accounts payable 585 499
Air traffic liability 1,984 1,618
Accrued salaries, wages and benefits 489 480
Other accrued liabilities 465 359
Current operating lease liabilities 114 106
Current maturities of long-term debt and finance lease obligations 428 355
Total current liabilities 4,065 3,417
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS 3,394 3,651
LONG-TERM OPERATING LEASE LIABILITIES 699 690
DEFERRED TAXES AND OTHER LIABILITIES    
Deferred income taxes 742 843
Air traffic liability - non-current 667 640
Other 530 552
Total deferred taxes and other liabilities 1,939 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, 482 and 478 shares issued and 324 and 320 shares outstanding at June 30, 2022 and December 31, 2021, respectively 5 5
Treasury stock, at cost; 158 and 158 shares at June 30, 2022 and December 31, 2021, respectively (1,995) (1,989)
Additional paid-in capital 3,095 3,047
Retained earnings 2,343 2,786
Accumulated other comprehensive income (loss) (2) 0
Total stockholders’ equity 3,446 3,849
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 13,543 $ 13,642