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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 2,594 $ 1,166
Investment securities 1,414 401
Receivables, less allowance (2024 - $7; 2023 - $3) 282 336
Inventories, less allowance (2024 - $41; 2023 - $35) 140 109
Prepaid expenses and other 125 148
Total current assets 4,555 2,160
PROPERTY AND EQUIPMENT    
Flight equipment 13,816 12,796
Pre-delivery deposits for flight equipment 280 393
Total flight equipment and pre-delivery deposits, gross 14,096 13,189
Less accumulated depreciation 4,167 4,021
Total flight equipment and pre-delivery deposits, net 9,929 9,168
Other property and equipment, gross 1,323 1,310
Less accumulated depreciation 856 803
Total other property and equipment, net 467 507
Total property and equipment, net 10,396 9,675
OPERATING LEASE ASSETS 555 593
OTHER ASSETS    
Investment securities 94 163
Restricted cash and cash equivalents 207 151
Intangible assets, net of accumulated amortization (2024 - $570; 2023 - $518) 394 349
Other 426 762
Total other assets 1,121 1,425
TOTAL ASSETS 16,627 13,853
CURRENT LIABILITIES    
Accounts payable 612 641
Air traffic liability 1,503 1,463
Accrued salaries, wages and benefits 650 591
Other accrued liabilities 528 509
Current operating lease liabilities 99 117
Current maturities of long-term debt and finance lease obligations 363 307
Total current liabilities 3,755 3,628
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS 7,868 4,409
LONG-TERM OPERATING LEASE LIABILITIES 511 547
DEFERRED TAXES AND OTHER LIABILITIES    
Deferred income taxes 674 743
Air traffic liability - non-current 760 740
Other 415 449
Total deferred taxes and other liabilities 1,849 1,932
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, 507 and 499 shares issued and 347 and 339 shares outstanding at September 30, 2024 and December 31, 2023, respectively 5 5
Treasury stock, at cost; 160 and 159 shares at September 30, 2024 and December 31, 2023, respectively (2,004) (1,999)
Additional paid-in capital 3,283 3,221
Retained earnings 1,363 2,114
Accumulated other comprehensive loss (3) (4)
Total stockholders’ equity 2,644 3,337
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 16,627 $ 13,853