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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 1,462 $ 1,042
Investment securities 205 350
Receivables, less allowance (2023-$2; 2022-$4) 309 317
Inventories, less allowance (2023-$32; 2022-$29) 89 87
Prepaid expenses and other 165 120
Total current assets 2,230 1,916
PROPERTY AND EQUIPMENT    
Flight equipment 12,169 11,727
Predelivery deposits for flight equipment 385 415
Total flight equipment and predelivery deposits, gross 12,554 12,142
Less accumulated depreciation 3,798 3,578
Total flight equipment and predelivery deposits, net 8,756 8,564
Other property and equipment 1,303 1,314
Less accumulated depreciation 767 731
Total other property and equipment, net 536 583
Total property and equipment, net 9,292 9,147
OPERATING LEASE ASSETS 621 660
OTHER ASSETS    
Investment securities 169 172
Restricted cash 148 146
Intangible assets, less accumulated amortization (2023-$485; 2022-$455) 333 298
Other 688 706
Total other assets 1,338 1,322
TOTAL ASSETS 13,481 13,045
CURRENT LIABILITIES    
Accounts payable 699 532
Air traffic liability 1,751 1,581
Accrued salaries, wages and benefits 530 498
Other accrued liabilities 526 486
Current operating lease liabilities 113 97
Current maturities of long-term debt and finance lease obligations 271 554
Total current liabilities 3,890 3,748
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS 3,486 3,093
LONG-TERM OPERATING LEASE LIABILITIES 578 639
DEFERRED TAXES AND OTHER LIABILITIES    
Deferred income taxes 774 770
Air traffic liability - non-current 726 738
Other 473 494
Total deferred taxes and other liabilities 1,973 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, 492 and 486 shares issued and 333 and 327 shares outstanding at June 30, 2023 and December 31, 2022, respectively 5 5
Treasury stock, at cost; 159 shares at June 30, 2023 and December 31, 2022 (1,998) (1,995)
Additional paid-in capital 3,183 3,129
Retained earnings 2,370 2,424
Accumulated other comprehensive loss (6) 0
Total stockholders’ equity 3,554 3,563
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 13,481 $ 13,045