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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 1,401 $ 2,018
Investment securities 692 824
Receivables, less allowance (2022-$3; 2021-$3) 298 207
Inventories, less allowance (2022-$27; 2021-$24) 79 74
Prepaid expenses and other 141 124
Total current assets 2,611 3,247
PROPERTY AND EQUIPMENT    
Flight equipment 11,579 11,161
Predelivery deposits for flight equipment 398 337
Total flight equipment and predelivery deposits, gross 11,977 11,498
Less accumulated depreciation 3,532 3,227
Total flight equipment and predelivery deposits, net 8,445 8,271
Other property and equipment 1,303 1,205
Less accumulated depreciation 711 662
Total other property and equipment, net 592 543
Total property and equipment, net 9,037 8,814
OPERATING LEASE ASSETS 713 729
OTHER ASSETS    
Investment securities 175 39
Restricted cash 83 59
Intangible assets, less accumulated amortization (2022-$443; 2021-$405) 258 284
Other 453 470
Total other assets 969 852
TOTAL ASSETS 13,330 13,642
CURRENT LIABILITIES    
Accounts payable 600 499
Air traffic liability 1,745 1,618
Accrued salaries, wages and benefits 510 480
Other accrued liabilities 421 359
Current operating lease liabilities 103 106
Current maturities of long-term debt and finance lease obligations 524 355
Total current liabilities 3,903 3,417
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS 3,235 3,651
LONG-TERM OPERATING LEASE LIABILITIES 686 690
DEFERRED TAXES AND OTHER LIABILITIES    
Deferred income taxes 790 843
Air traffic liability - non-current 702 640
Other 507 552
Total deferred taxes and other liabilities 1,999 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, 483 and 478 shares issued and 324 and 320 shares outstanding at September 30, 2022 and December 31, 2021, respectively 5 5
Treasury stock, at cost; 159 and 158 shares at September 30, 2022 and December 31, 2021, respectively (1,995) (1,989)
Additional paid-in capital 3,102 3,047
Retained earnings 2,400 2,786
Accumulated other comprehensive (loss) (5) 0
Total stockholders’ equity 3,507 3,849
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 13,330 $ 13,642