Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2023

Accumulated Other Comprehensive Income (Loss)

Comprehensive income (loss) includes changes in fair value of our aircraft fuel derivatives which qualify for hedge accounting and unrealized loss on available-for-sale securities. A roll forward of the amounts included in accumulated other comprehensive income (loss), net of deferred taxes for the three months ended March 31, 2023 and 2022 is as follows (in millions):


	Aircraft Fuel Derivatives		Available-for-sale securities		Total
Balance of accumulated income (loss), at December 31, 2022	$	1	$	(1)	$	—
Reclassifications into earnings, net of deferred taxes of $— (1)	(1)		—		(1)
Change in fair value, net of deferred taxes of $(1)	(4)		—		(4)
Balance of accumulated loss, at March 31, 2023	$	(4)	$	(1)	$	(5)

Balance of accumulated income (loss), at December 31, 2021	$	—	$	—	$	—
Reclassifications into earnings, net of deferred taxes $—	—		—		—
Change in fair value, net of deferred taxes of $(1)	—		(1)		(1)
Balance of accumulated loss, at March 31, 2022	$	—	$	(1)	$	(1)

(1) Reclassified to aircraft fuel expense.