Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions | Sep. 30, 2019 | Dec. 31, 2018 |
Current assets: | | | |
Cash and cash equivalents | $ 2,959 | $ 1,694 | [1] |
Short-term investments | 2,167 | 2,256 | [1] |
Receivables, less allowance for doubtful accounts (2019 — $11; 2018 — $8) | 1,617 | 1,426 | [1] |
Aircraft fuel, spare parts and supplies, less obsolescence allowance (2019 — $403; 2018 — $412) | 1,065 | 985 | [1] |
Prepaid expenses and other | 725 | 733 | [1] |
Total current assets | 8,533 | 7,094 | [1] |
Operating property and equipment: | | | |
Flight equipment | 34,413 | 32,599 | [1] |
Other property and equipment | 7,626 | 6,889 | [1] |
Purchase deposits for flight equipment | 1,446 | 1,177 | [1] |
Total operating property and equipment, at cost | 43,485 | 40,665 | [1] |
Less — Accumulated depreciation and amortization | (14,153) | (13,266) | [1] |
Total operating property and equipment, net | 29,332 | 27,399 | [1] |
Operating lease right-of-use assets | 4,937 | 5,262 | [1] |
Other assets: | | | |
Goodwill | 4,523 | 4,523 | [1] |
Intangibles, less accumulated amortization (2019 — $1,425; 2018 — $1,380) | 3,114 | 3,159 | [1] |
Restricted cash | 100 | 105 | [1] |
Notes receivable, net | 529 | 516 | [1] |
Investments in affiliates and other, net | 1,131 | 966 | [1] |
Total other assets | 9,397 | 9,269 | [1] |
Total assets | 52,199 | 49,024 | [1] |
Current liabilities: | | | |
Accounts payable | 2,848 | 2,363 | [1] |
Accrued salaries and benefits | 2,104 | 2,184 | [1] |
Current maturities of long-term debt | 1,243 | 1,230 | [1] |
Current maturities of finance leases | 92 | 123 | [1] |
Current maturities of operating leases | 778 | 719 | [1] |
Other | 574 | 553 | [1] |
Total current liabilities | 15,691 | 13,839 | [1] |
Long-term debt | 12,900 | 12,215 | [1] |
Long-term obligations under finance leases | 186 | 224 | [1] |
Long-term obligations under operating leases | 4,941 | 5,276 | [1] |
Other liabilities and deferred credits: | | | |
Postretirement benefit liability | 836 | 1,295 | [1] |
Pension liability | 1,087 | 1,576 | [1] |
Deferred income taxes | 1,594 | 828 | [1] |
Other | 981 | 1,010 | [1] |
Total other liabilities and deferred credits | 7,180 | 7,428 | [1] |
Commitments and contingencies | | | [1] |
Stockholders' equity: | | | |
Preferred stock | 0 | 0 | [1] |
Common stock at par, $0.01 par value; authorized 1,000,000,000 shares; outstanding 253,624,406 and 269,914,769 shares at September 30, 2019 and December 31, 2018, respectively | 3 | 3 | [1] |
Additional capital invested | 6,111 | 6,120 | [1] |
Retained earnings | 9,075 | 6,715 | [1] |
Stock held in treasury, at cost | (3,384) | (1,993) | [1] |
Accumulated other comprehensive loss | (504) | (803) | [1] |
Total stockholders' equity | 11,301 | 10,042 | [1],[2] |
Total liabilities and stockholders' equity | 52,199 | 49,024 | [1] |
United Airlines, Inc. | | | |
Current assets: | | | |
Cash and cash equivalents | 2,953 | 1,688 | [3] |
Short-term investments | 2,167 | 2,256 | [3] |
Receivables, less allowance for doubtful accounts (2019 — $11; 2018 — $8) | 1,617 | 1,426 | [3] |
Aircraft fuel, spare parts and supplies, less obsolescence allowance (2019 — $403; 2018 — $412) | 1,065 | 985 | [3] |
Prepaid expenses and other | 725 | 733 | [3] |
Total current assets | 8,527 | 7,088 | [3] |
Operating property and equipment: | | | |
Flight equipment | 34,413 | 32,599 | [3] |
Other property and equipment | 7,626 | 6,889 | [3] |
Purchase deposits for flight equipment | 1,446 | 1,177 | [3] |
Total operating property and equipment, at cost | 43,485 | 40,665 | [3] |
Less — Accumulated depreciation and amortization | (14,153) | (13,266) | [3] |
Total operating property and equipment, net | 29,332 | 27,399 | [3] |
Operating lease right-of-use assets | 4,937 | 5,262 | [3] |
Other assets: | | | |
Goodwill | 4,523 | 4,523 | [3] |
Intangibles, less accumulated amortization (2019 — $1,425; 2018 — $1,380) | 3,114 | 3,159 | [3] |
Restricted cash | 100 | 105 | [3] |
Notes receivable, net | 529 | 516 | [3] |
Investments in affiliates and other, net | 1,131 | 966 | [3] |
Total other assets | 9,397 | 9,269 | [3] |
Total assets | 52,193 | 49,018 | [3] |
Current liabilities: | | | |
Accounts payable | 2,848 | 2,363 | [3] |
Accrued salaries and benefits | 2,104 | 2,184 | [3] |
Current maturities of long-term debt | 1,243 | 1,230 | [3] |
Current maturities of finance leases | 92 | 123 | [3] |
Current maturities of operating leases | 778 | 719 | [3] |
Other | 579 | 558 | [3] |
Total current liabilities | 15,696 | 13,844 | [3] |
Long-term debt | 12,900 | 12,215 | [3] |
Long-term obligations under finance leases | 186 | 224 | [3] |
Long-term obligations under operating leases | 4,941 | 5,276 | [3] |
Other liabilities and deferred credits: | | | |
Postretirement benefit liability | 836 | 1,295 | [3] |
Pension liability | 1,087 | 1,576 | [3] |
Deferred income taxes | 1,622 | 855 | [3] |
Other | 980 | 1,010 | [3] |
Total other liabilities and deferred credits | 7,207 | 7,455 | [3] |
Commitments and contingencies | | | [3] |
Stockholders' equity: | | | |
Common stock at par, $0.01 par value; authorized 1,000,000,000 shares; outstanding 253,624,406 and 269,914,769 shares at September 30, 2019 and December 31, 2018, respectively | 0 | 0 | [3] |
Additional capital invested | 0 | 598 | [3] |
Retained earnings | 11,909 | 10,319 | [3] |
Accumulated other comprehensive loss | (504) | (803) | [3] |
Receivable from related parties | (142) | (110) | [3] |
Total stockholders' equity | 11,263 | 10,004 | [3],[4] |
Total liabilities and stockholders' equity | 52,193 | 49,018 | [3] |
Advance ticket sales | | | |
Current liabilities: | | | |
Deferred revenue | 5,515 | 4,381 | [1] |
Advance ticket sales | United Airlines, Inc. | | | |
Current liabilities: | | | |
Deferred revenue | 5,515 | 4,381 | [3] |
Frequent flyer deferred revenue | | | |
Current liabilities: | | | |
Deferred revenue | 2,537 | 2,286 | [1] |
Other liabilities and deferred credits: | | | |
Deferred revenue | 2,682 | 2,719 | [1] |
Frequent flyer deferred revenue | United Airlines, Inc. | | | |
Current liabilities: | | | |
Deferred revenue | 2,537 | 2,286 | [3] |
Other liabilities and deferred credits: | | | |
Deferred revenue | $ 2,682 | $ 2,719 | [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. |