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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 1,333 $ 1,042
Investment securities 204 350
Receivables, less allowance (2023-$3; 2022-$4) 331 317
Inventories, less allowance (2023-$30; 2022-$29) 76 87
Prepaid expenses and other 154 120
Total current assets 2,098 1,916
PROPERTY AND EQUIPMENT    
Flight equipment 11,889 11,727
Predelivery deposits for flight equipment 398 415
Total flight equipment and predelivery deposits, gross 12,287 12,142
Less accumulated depreciation 3,689 3,578
Total flight equipment and predelivery deposits, net 8,598 8,564
Other property and equipment 1,309 1,314
Less accumulated depreciation 749 731
Total other property and equipment, net 560 583
Total property and equipment, net 9,158 9,147
OPERATING LEASE ASSETS 637 660
OTHER ASSETS    
Investment securities 153 172
Restricted cash 146 146
Intangible assets, less accumulated amortization (2023-$469; 2022-$455) 310 298
Other 725 706
Total other assets 1,334 1,322
TOTAL ASSETS 13,227 13,045
CURRENT LIABILITIES    
Accounts payable 626 532
Air traffic liability 1,926 1,581
Accrued salaries, wages and benefits 543 498
Other accrued liabilities 554 486
Current operating lease liabilities 98 97
Current maturities of long-term debt and finance lease obligations 263 554
Total current liabilities 4,010 3,748
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS 3,316 3,093
LONG-TERM OPERATING LEASE LIABILITIES 616 639
DEFERRED TAXES AND OTHER LIABILITIES    
Deferred income taxes 692 770
Air traffic liability - non-current 731 738
Other 489 494
Total deferred taxes and other liabilities 1,912 2,002
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, 487 and 486 shares issued and 328 and 327 shares outstanding at March 31, 2023 and December 31, 2022, respectively 5 5
Treasury stock, at cost; 159 shares at March 31, 2023 and December 31, 2022 (1,998) (1,995)
Additional paid-in capital 3,139 3,129
Retained earnings 2,232 2,424
Accumulated other comprehensive loss (5) 0
Total stockholders’ equity 3,373 3,563
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 13,227 $ 13,045