Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2022

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

Accumulated Other Comprehensive Income (Loss)

Comprehensive income (loss) includes changes in fair value of our available-for-sale securities and our aircraft fuel derivatives which qualify for hedge accounting. A roll forward of the amounts included in accumulated other comprehensive income (loss), net of taxes for the three months ended September 30, 2022 and 2021 is as follows (in millions):


	Available-for-sale securities(1)		Aircraft Fuel Derivatives(2)		Total
Balance of accumulated income (loss), at June 30, 2022	$	(2)	$	—	$	(2)
Reclassifications into earnings, net of taxes of $0	—		—		—
Change in fair value, net of taxes of $2	—		(3)		(3)
Balance of accumulated income (loss), at September 30, 2022	$	(2)	$	(3)	$	(5)

Balance of accumulated income (loss), at June 30, 2021	$	—	$	—	$	—
Reclassifications into earnings, net of taxes $0	—		—		—
Change in fair value, net of taxes of $0	—		—		—
Balance of accumulated income (loss), at September 30, 2021	$	—	$	—	$	—

A roll forward of the amounts included in accumulated other comprehensive income (loss), net of taxes for the nine months ended September 30, 2022 and 2021 is as follows (in millions):


	Available-for-sale securities(1)		Aircraft Fuel Derivatives(2)		Total
Balance of accumulated income (loss), at December 31, 2021	$	—	$	—	$	—
Reclassifications into earnings, net of taxes of $0	—		—		—
Change in fair value, net of taxes of $2	(2)		(3)		(5)
Balance of accumulated income (loss), at September 30, 2022	$	(2)	$	(3)	$	(5)

Balance of accumulated income (loss), at December 31, 2020	$	—	$	—	$	—
Reclassifications into earnings, net of taxes $0	—		—		—
Change in fair value, net of taxes of $0	—		—		—
Balance of accumulated income (loss), at September 30, 2021	$	—	$	—	$	—

(1) Reclassified to interest income.

(2) Reclassified to aircraft fuel expense.