Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions | Mar. 31, 2019 | Dec. 31, 2018 |
Current assets: | | | |
Cash and cash equivalents | $ 1,848 | $ 1,694 | [1] |
Short-term investments | 2,219 | 2,256 | [1] |
Receivables, less allowance for doubtful accounts (2019 — $8; 2018 — $8) | 1,789 | 1,426 | [1] |
Aircraft fuel, spare parts and supplies, less obsolescence allowance (2019 — $421; 2018 — $412) | 972 | 985 | [1] |
Prepaid expenses and other | 780 | 733 | [1] |
Total current assets | 7,608 | 7,094 | [1] |
Operating property and equipment: | | | |
Flight equipment | 33,705 | 32,599 | [1] |
Other property and equipment | 7,165 | 6,889 | [1] |
Purchase deposits for flight equipment | 1,455 | 1,177 | [1] |
Total operating property and equipment, at cost | 42,325 | 40,665 | [1] |
Less — Accumulated depreciation and amortization | (13,739) | (13,266) | [1] |
Total operating property and equipment, net | 28,586 | 27,399 | [1] |
Operating lease right-of-use assets | 5,065 | 5,262 | [1] |
Other assets: | | | |
Goodwill | 4,523 | 4,523 | [1] |
Intangibles, less accumulated amortization (2019 — $1,395; 2018 — $1,380) | 3,144 | 3,159 | [1] |
Restricted cash | 103 | 105 | [1] |
Notes receivable, net | 512 | 516 | [1] |
Investments in affiliates and other, net | 1,098 | 966 | [1] |
Total other assets | 9,380 | 9,269 | [1] |
Total assets | 50,639 | 49,024 | [1] |
Current liabilities: | | | |
Advance ticket sales | 6,006 | 4,381 | [1] |
Accounts payable | 2,707 | 2,363 | [1] |
Frequent flyer deferred revenue | 2,388 | 2,286 | [1] |
Accrued salaries and benefits | 1,660 | 2,184 | [1] |
Current maturities of long-term debt | 1,201 | 1,230 | [1] |
Current maturities of finance leases | 133 | 123 | [1] |
Current maturities of operating leases | 639 | 719 | [1] |
Other | 601 | 553 | [1] |
Total current liabilities | 15,335 | 13,839 | [1] |
Long-term debt | 12,734 | 12,215 | [1] |
Long-term obligations under finance leases | 236 | 224 | [1] |
Long-term obligations under operating leases | 5,145 | 5,276 | [1] |
Other liabilities and deferred credits: | | | |
Frequent flyer deferred revenue | 2,750 | 2,719 | [1] |
Postretirement benefit liability | 1,287 | 1,295 | [1] |
Pension liability | 1,454 | 1,576 | [1] |
Deferred income taxes | 898 | 828 | [1] |
Other | 998 | 1,010 | [1] |
Total other liabilities and deferred credits | 7,387 | 7,428 | [1] |
Commitments and contingencies | | | [1] |
Stockholders' equity: | | | |
Preferred stock | 0 | 0 | [1] |
Common stock | 3 | 3 | [1] |
Additional capital invested | 6,080 | 6,120 | [1] |
Retained earnings | 6,999 | 6,715 | [1] |
Stock held in treasury, at cost | (2,487) | (1,993) | [1] |
Accumulated other comprehensive loss | (793) | (803) | [1] |
Total stockholders' equity | 9,802 | 10,042 | [1],[2] |
Total liabilities and stockholders' equity | 50,639 | 49,024 | [1] |
United Airlines, Inc. | | | |
Current assets: | | | |
Cash and cash equivalents | 1,842 | 1,688 | [3] |
Short-term investments | 2,219 | 2,256 | [3] |
Receivables, less allowance for doubtful accounts (2019 — $8; 2018 — $8) | 1,789 | 1,426 | [3] |
Aircraft fuel, spare parts and supplies, less obsolescence allowance (2019 — $421; 2018 — $412) | 972 | 985 | [3] |
Prepaid expenses and other | 780 | 733 | [3] |
Total current assets | 7,602 | 7,088 | [3] |
Operating property and equipment: | | | |
Flight equipment | 33,705 | 32,599 | [3] |
Other property and equipment | 7,165 | 6,889 | [3] |
Purchase deposits for flight equipment | 1,455 | 1,177 | [3] |
Total operating property and equipment, at cost | 42,325 | 40,665 | [3] |
Less — Accumulated depreciation and amortization | (13,739) | (13,266) | [3] |
Total operating property and equipment, net | 28,586 | 27,399 | [3] |
Operating lease right-of-use assets | 5,065 | 5,262 | [3] |
Other assets: | | | |
Goodwill | 4,523 | 4,523 | [3] |
Intangibles, less accumulated amortization (2019 — $1,395; 2018 — $1,380) | 3,144 | 3,159 | [3] |
Restricted cash | 103 | 105 | [3] |
Notes receivable, net | 512 | 516 | [3] |
Investments in affiliates and other, net | 1,098 | 966 | [3] |
Total other assets | 9,380 | 9,269 | [3] |
Total assets | 50,633 | 49,018 | [3] |
Current liabilities: | | | |
Advance ticket sales | 6,006 | 4,381 | [3] |
Accounts payable | 2,707 | 2,363 | [3] |
Frequent flyer deferred revenue | 2,388 | 2,286 | [3] |
Accrued salaries and benefits | 1,660 | 2,184 | [3] |
Current maturities of long-term debt | 1,201 | 1,230 | [3] |
Current maturities of finance leases | 133 | 123 | [3] |
Current maturities of operating leases | 639 | 719 | [3] |
Other | 606 | 558 | [3] |
Total current liabilities | 15,340 | 13,844 | [3] |
Long-term debt | 12,734 | 12,215 | [3] |
Long-term obligations under finance leases | 236 | 224 | [3] |
Long-term obligations under operating leases | 5,145 | 5,276 | [3] |
Other liabilities and deferred credits: | | | |
Frequent flyer deferred revenue | 2,750 | 2,719 | [3] |
Postretirement benefit liability | 1,287 | 1,295 | [3] |
Pension liability | 1,454 | 1,576 | [3] |
Deferred income taxes | 925 | 855 | [3] |
Other | 999 | 1,010 | [3] |
Total other liabilities and deferred credits | 7,415 | 7,455 | [3] |
Commitments and contingencies | | | [3] |
Stockholders' equity: | | | |
Common stock | 0 | 0 | [3] |
Additional capital invested | 84 | 598 | [3] |
Retained earnings | 10,612 | 10,319 | [3] |
Accumulated other comprehensive loss | (793) | (803) | [3] |
Receivable from related parties | (140) | (110) | [3] |
Total stockholders' equity | 9,763 | 10,004 | [3],[4] |
Total liabilities and stockholders' equity | $ 50,633 | $ 49,018 | [3] |
|
[1] | Amounts adjusted due to the adoption of Accounting Standards Update No. 2016-02, Leases (Topic 842). See Note 1 to the financial statements contained in Part I, Item 1 of this report for additional information. |
[2] | Amounts adjusted due to the adoption of Accounting Standards Update No. 2016-02, Leases (Topic 842). See Note 1 to the financial statements contained in Part I, Item 1 of this report for additional information. |
[3] | Amounts adjusted due to the adoption of Accounting Standards Update No. 2016-02, Leases (Topic 842). See Note 1 to the financial statements contained in Part I, Item 1 of this report for additional information. |
[4] | Amounts adjusted due to the adoption of Accounting Standards Update No. 2016-02, Leases (Topic 842). See Note 1 to the financial statements contained in Part I, Item 1 of this report for additional information.The accompanying Combined Notes to Condensed Consolidated Financial Statements are an integral part of these statements. |