2018 Q4 Form 10-Q Financial Statement
#000009238018000130 Filed on October 30, 2018
Income Statement
| Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
|---|---|---|---|
| Revenue | $5.704B | $5.575B | $5.303B |
| YoY Change | 8.48% | 5.13% | 3.19% |
| Cost Of Revenue | $1.554B | $1.583B | $1.412B |
| YoY Change | 12.36% | 12.11% | 8.28% |
| Gross Profit | $4.150B | $3.992B | $3.891B |
| YoY Change | 7.1% | 2.6% | 1.46% |
| Gross Profit Margin | 72.76% | 71.61% | 73.37% |
| Selling, General & Admin | $2.283B | $2.195B | $2.054B |
| YoY Change | 5.55% | 6.86% | -5.21% |
| % of Gross Profit | 55.01% | 54.98% | 52.79% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $331.0M | $301.0M | $302.0M |
| YoY Change | 18.64% | -0.33% | -4.13% |
| % of Gross Profit | 7.98% | 7.54% | 7.76% |
| Operating Expenses | $3.330B | $4.777B | $4.458B |
| YoY Change | 6.22% | 7.16% | 0.32% |
| Operating Profit | $820.0M | $798.0M | $845.0M |
| YoY Change | 10.66% | -5.56% | 21.58% |
| Interest Expense | -$1.000M | $33.00M | $28.00M |
| YoY Change | -80.0% | 17.86% | -9.68% |
| % of Operating Profit | -0.12% | 4.14% | 3.31% |
| Other Income/Expense, Net | -$2.000M | -$12.00M | -$13.00M |
| YoY Change | -7.69% | -83.12% | |
| Pretax Income | $817.0M | $786.0M | $832.0M |
| YoY Change | 11.01% | -5.53% | 34.63% |
| Income Tax | $163.0M | $171.0M | $304.0M |
| % Of Pretax Income | 19.95% | 21.76% | 36.54% |
| Net Earnings | $654.0M | $615.0M | $528.0M |
| YoY Change | -62.56% | 16.48% | 36.08% |
| Net Earnings / Revenue | 11.47% | 11.03% | 9.96% |
| Basic Earnings Per Share | $1.17 | $1.08 | $0.88 |
| Diluted Earnings Per Share | $1.17 | $1.08 | $0.88 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 562.3M shares | 569.0M shares | 597.0M shares |
| Diluted Shares Outstanding | 569.0M shares | 598.0M shares |
Balance Sheet
| Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $3.689B | $3.820B | $3.040B |
| YoY Change | 12.71% | 25.66% | -11.78% |
| Cash & Equivalents | $1.854B | $2.104B | $1.460B |
| Short-Term Investments | $1.835B | $1.716B | $1.580B |
| Other Short-Term Assets | $310.0M | $514.0M | $223.0M |
| YoY Change | -32.61% | 130.49% | 4.21% |
| Inventory | $461.0M | $483.0M | $438.0M |
| Prepaid Expenses | |||
| Receivables | $568.0M | $784.0M | $579.0M |
| Other Receivables | $63.00M | $0.00 | $0.00 |
| Total Short-Term Assets | $5.028B | $5.601B | $4.280B |
| YoY Change | 4.42% | 30.86% | -11.55% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $19.53B | $19.28B | $18.16B |
| YoY Change | 5.32% | 6.19% | 9.73% |
| Goodwill | $970.0M | $970.0M | $970.0M |
| YoY Change | 0.0% | 0.0% | 0.0% |
| Intangibles | $400.0M | $403.0M | $416.0M |
| YoY Change | -3.15% | -3.13% | -3.26% |
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $720.0M | $1.032B | $843.0M |
| YoY Change | -8.4% | 22.42% | 22.17% |
| Total Long-Term Assets | $21.22B | $21.28B | $19.97B |
| YoY Change | 4.53% | 6.57% | 9.68% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $5.028B | $5.601B | $4.280B |
| Total Long-Term Assets | $21.22B | $21.28B | $19.97B |
| Total Assets | $26.24B | $26.88B | $24.25B |
| YoY Change | 4.51% | 10.86% | 5.22% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.416B | $1.224B | $1.124B |
| YoY Change | 7.27% | 8.9% | 10.09% |
| Accrued Expenses | $1.749B | $1.517B | $1.593B |
| YoY Change | 2.88% | -4.77% | -25.77% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $606.0M | $346.0M | $316.0M |
| YoY Change | 74.14% | 9.49% | -67.49% |
| Total Short-Term Liabilities | $7.905B | $7.843B | $6.965B |
| YoY Change | 15.18% | 12.61% | -10.89% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $2.819B | $3.156B | $2.857B |
| YoY Change | -17.21% | 10.47% | 16.23% |
| Other Long-Term Liabilities | $650.0M | $748.0M | $713.0M |
| YoY Change | -8.06% | 4.91% | 7.87% |
| Total Long-Term Liabilities | $650.0M | $748.0M | $713.0M |
| YoY Change | -8.06% | 4.91% | 7.87% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $7.905B | $7.843B | $6.965B |
| Total Long-Term Liabilities | $650.0M | $748.0M | $713.0M |
| Total Liabilities | $8.555B | $8.591B | $7.678B |
| YoY Change | 13.01% | 11.89% | -9.43% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $15.97B | $15.40B | $12.81B |
| YoY Change | 15.44% | 20.27% | 16.88% |
| Common Stock | $2.318B | $2.293B | $2.244B |
| YoY Change | 2.61% | 2.18% | 1.54% |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $8.452B | $7.954B | $6.114B |
| YoY Change | 30.8% | 30.09% | 32.31% |
| Treasury Stock Shares | 255.0M shares | ||
| Shareholders Equity | $9.853B | $10.15B | $8.800B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $26.24B | $26.88B | $24.25B |
| YoY Change | 4.51% | 10.86% | 5.22% |
Cashflow Statement
| Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $654.0M | $615.0M | $528.0M |
| YoY Change | -62.56% | 16.48% | 36.08% |
| Depreciation, Depletion And Amortization | $331.0M | $301.0M | $302.0M |
| YoY Change | 18.64% | -0.33% | -4.13% |
| Cash From Operating Activities | $989.0M | $1.271B | $996.0M |
| YoY Change | 75.67% | 27.61% | 16.36% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$543.0M | -$463.0M | -$654.0M |
| YoY Change | 1.88% | -29.2% | 31.59% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$125.0M | -$5.000M | $0.00 |
| YoY Change | -38.12% | -100.0% | |
| Cash From Investing Activities | -$668.0M | -$604.0M | -$620.0M |
| YoY Change | -9.12% | -2.58% | 6.16% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | $91.00M | $75.00M | |
| YoY Change | 21.33% | 20.97% | |
| Common Stock Issuance & Retirement, Net | $500.0M | $300.0M | |
| YoY Change | 66.67% | 20.0% | |
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -571.0M | -$677.0M | -$453.0M |
| YoY Change | -375.85% | 49.45% | 30.92% |
| NET CHANGE | |||
| Cash From Operating Activities | 989.0M | $1.271B | $996.0M |
| Cash From Investing Activities | -668.0M | -$604.0M | -$620.0M |
| Cash From Financing Activities | -571.0M | -$677.0M | -$453.0M |
| Net Change In Cash | -250.0M | -$10.00M | -$77.00M |
| YoY Change | -814.29% | -87.01% | 4.05% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $989.0M | $1.271B | $996.0M |
| Capital Expenditures | -$543.0M | -$463.0M | -$654.0M |
| Free Cash Flow | $1.532B | $1.734B | $1.650B |
| YoY Change | 39.78% | 5.09% | 21.95% |
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CapitalLeaseObligationsIncurred
|
77000000 | USD |
| us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
180000000 | USD | |
| CY2018Q3 | us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
18000000 | USD |
| us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
32000000 | USD | |
| CY2017Q4 | us-gaap |
Capital Leases Future Minimum Payments Receivable
CapitalLeasesFutureMinimumPaymentsReceivable
|
76000000 | USD |
| CY2018Q3 | us-gaap |
Capital Leases Future Minimum Payments Receivable
CapitalLeasesFutureMinimumPaymentsReceivable
|
65000000 | USD |
| CY2016Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1680000000 | USD |
| CY2017Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1537000000 | USD |
| CY2017Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1460000000 | USD |
| CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1495000000 | USD |
| CY2018Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2114000000 | USD |
| CY2018Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2104000000 | USD |
| CY2017Q3 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-77000000 | USD |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-220000000 | USD | |
| CY2018Q3 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-10000000 | USD |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
609000000 | USD | |
| CY2017Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.125 | |
| us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.350 | ||
| CY2018Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.160 | |
| us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.445 | ||
| CY2017Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
808000000 | USD |
| CY2018Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
808000000 | USD |
| CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
655000000 | USD |
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
1797000000 | USD | |
| CY2018Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
729000000 | USD |
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
2229000000 | USD | |
| CY2017Q4 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
1543000000 | USD |
| CY2018Q3 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
1718000000 | USD |
| CY2017Q4 | us-gaap |
Contractual Obligation
ContractualObligation
|
1390000000 | USD |
| CY2018Q3 | us-gaap |
Contractual Obligation
ContractualObligation
|
1658000000 | USD |
| CY2017Q4 | us-gaap |
Deferred Air Traffic Revenue
DeferredAirTrafficRevenue
|
3495000000 | USD |
| CY2018Q3 | us-gaap |
Deferred Air Traffic Revenue
DeferredAirTrafficRevenue
|
4756000000 | USD |
| CY2017Q4 | us-gaap |
Deferred Compensation Cash Based Arrangements Liability Current
DeferredCompensationCashBasedArrangementsLiabilityCurrent
|
579000000 | USD |
| CY2018Q3 | us-gaap |
Deferred Compensation Cash Based Arrangements Liability Current
DeferredCompensationCashBasedArrangementsLiabilityCurrent
|
432000000 | USD |
| CY2017Q4 | us-gaap |
Deferred Gain Loss On Discontinuation Of Interest Rate Fair Value Hedge
DeferredGainLossOnDiscontinuationOfInterestRateFairValueHedge
|
21000000 | USD |
| CY2018Q3 | us-gaap |
Deferred Gain Loss On Discontinuation Of Interest Rate Fair Value Hedge
DeferredGainLossOnDiscontinuationOfInterestRateFairValueHedge
|
20000000 | USD |
| CY2016Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
2485000000 | USD |
| CY2017Q2 | us-gaap |
Deferred Revenue
DeferredRevenue
|
2586000000 | USD |
| CY2017Q3 | us-gaap |
Deferred Revenue
DeferredRevenue
|
2582000000 | USD |
| CY2017Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
2667000000 | USD |
| CY2018Q2 | us-gaap |
Deferred Revenue
DeferredRevenue
|
2919000000 | USD |
| CY2018Q3 | us-gaap |
Deferred Revenue
DeferredRevenue
|
2948000000 | USD |
| CY2017Q4 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
2119000000 | USD |
| CY2018Q3 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
2553000000 | USD |
| CY2017Q4 | us-gaap |
Deposits On Flight Equipment
DepositsOnFlightEquipment
|
919000000 | USD |
| CY2018Q3 | us-gaap |
Deposits On Flight Equipment
DepositsOnFlightEquipment
|
820000000 | USD |
| CY2017Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
302000000 | USD |
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
939000000 | USD | |
| CY2018Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
301000000 | USD |
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
870000000 | USD | |
| CY2017Q3 | us-gaap |
Derivative Cost Of Hedge
DerivativeCostOfHedge
|
34000000 | USD |
| us-gaap |
Derivative Cost Of Hedge
DerivativeCostOfHedge
|
102000000 | USD | |
| CY2018Q3 | us-gaap |
Derivative Cost Of Hedge
DerivativeCostOfHedge
|
34000000 | USD |
| us-gaap |
Derivative Cost Of Hedge
DerivativeCostOfHedge
|
101000000 | USD | |
| CY2017Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
283000000 | USD |
| CY2018Q3 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
698000000 | USD |
| CY2017Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
57000000 | USD |
| CY2018Q3 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
22000000 | USD |
| CY2017Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.88 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.66 | ||
| CY2018Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.08 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.13 | ||
| CY2017Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.88 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.66 | ||
| CY2018Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.08 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
3.13 | ||
| CY2018Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisGainLossIncludedInOtherComprehensiveIncomeLoss
|
158000000 | USD |
| us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisGainLossIncludedInOtherComprehensiveIncomeLoss
|
558000000 | USD | |
| CY2017Q4 | us-gaap |
Flight Equipment Gross
FlightEquipmentGross
|
21368000000 | USD |
| CY2018Q3 | us-gaap |
Flight Equipment Gross
FlightEquipmentGross
|
21409000000 | USD |
| CY2017Q4 | us-gaap |
Frequent Flier Liability Noncurrent
FrequentFlierLiabilityNoncurrent
|
1070000000 | USD |
| CY2018Q3 | us-gaap |
Frequent Flier Liability Noncurrent
FrequentFlierLiabilityNoncurrent
|
827000000 | USD |
| CY2017Q3 | us-gaap |
Fuel Costs
FuelCosts
|
1037000000 | USD |
| us-gaap |
Fuel Costs
FuelCosts
|
3016000000 | USD | |
| CY2018Q3 | us-gaap |
Fuel Costs
FuelCosts
|
1205000000 | USD |
| us-gaap |
Fuel Costs
FuelCosts
|
3425000000 | USD | |
| CY2017Q4 | us-gaap |
Goodwill
Goodwill
|
970000000 | USD |
| CY2018Q3 | us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
9000000 | USD |
| us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
29000000 | USD | |
| CY2017Q3 | us-gaap |
Interest Expense
InterestExpense
|
28000000 | USD |
| CY2018Q3 | us-gaap |
Goodwill
Goodwill
|
970000000 | USD |
| CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
832000000 | USD |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
2530000000 | USD | |
| CY2018Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
786000000 | USD |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
2347000000 | USD | |
| CY2017Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
304000000 | USD |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
920000000 | USD | |
| CY2018Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
171000000 | USD |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
536000000 | USD | |
| CY2017Q3 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
229000000 | USD |
| us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
611000000 | USD | |
| CY2018Q3 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
38000000 | USD |
| us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
212000000 | USD | |
| CY2017Q3 | us-gaap |
Increase Decrease Cash Collateral From Counterparties
IncreaseDecreaseCashCollateralFromCounterparties
|
151000000 | USD |
| us-gaap |
Increase Decrease Cash Collateral From Counterparties
IncreaseDecreaseCashCollateralFromCounterparties
|
286000000 | USD | |
| CY2018Q3 | us-gaap |
Increase Decrease Cash Collateral From Counterparties
IncreaseDecreaseCashCollateralFromCounterparties
|
10000000 | USD |
| us-gaap |
Increase Decrease Cash Collateral From Counterparties
IncreaseDecreaseCashCollateralFromCounterparties
|
150000000 | USD | |
| CY2017Q3 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
0 | USD |
| us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
23000000 | USD | |
| CY2018Q3 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
13000000 | USD |
| us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
109000000 | USD | |
| CY2017Q3 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
87000000 | USD |
| us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-157000000 | USD | |
| CY2018Q3 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
161000000 | USD |
| us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
80000000 | USD | |
| CY2017Q3 | us-gaap |
Increase Decrease In Deferred Air Traffic Revenue
IncreaseDecreaseInDeferredAirTrafficRevenue
|
-119000000 | USD |
| us-gaap |
Increase Decrease In Deferred Air Traffic Revenue
IncreaseDecreaseInDeferredAirTrafficRevenue
|
802000000 | USD | |
| CY2018Q3 | us-gaap |
Increase Decrease In Deferred Air Traffic Revenue
IncreaseDecreaseInDeferredAirTrafficRevenue
|
52000000 | USD |
| us-gaap |
Increase Decrease In Deferred Air Traffic Revenue
IncreaseDecreaseInDeferredAirTrafficRevenue
|
1018000000 | USD | |
| CY2017Q3 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
98000000 | USD |
| us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
219000000 | USD | |
| CY2018Q3 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
104000000 | USD |
| us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
308000000 | USD | |
| CY2017Q3 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
64000000 | USD |
| us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
264000000 | USD | |
| CY2018Q3 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
30000000 | USD |
| us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
243000000 | USD | |
| CY2017Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1000000 | shares |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1000000 | shares | |
| CY2018Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1000000 | shares | |
| CY2017Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
413000000 | USD |
| CY2018Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
403000000 | USD |
| CY2017Q3 | us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
15000000 | USD |
| us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
38000000 | USD | |
| CY2017Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
3320000000 | USD |
| CY2018Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
3100000000 | USD |
| CY2017Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
348000000 | USD |
| CY2018Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
346000000 | USD |
| us-gaap |
Interest Expense
InterestExpense
|
84000000 | USD | |
| CY2018Q3 | us-gaap |
Interest Expense
InterestExpense
|
33000000 | USD |
| us-gaap |
Interest Expense
InterestExpense
|
99000000 | USD | |
| CY2017Q3 | us-gaap |
Interest Paid Net
InterestPaidNet
|
16000000 | USD |
| us-gaap |
Interest Paid Net
InterestPaidNet
|
61000000 | USD | |
| CY2018Q3 | us-gaap |
Interest Paid Net
InterestPaidNet
|
18000000 | USD |
| us-gaap |
Interest Paid Net
InterestPaidNet
|
70000000 | USD | |
| CY2017Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
9000000 | USD |
| us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
24000000 | USD | |
| CY2018Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
20000000 | USD |
| us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
47000000 | USD | |
| CY2017Q3 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
1791000000 | USD |
| us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
5385000000 | USD | |
| CY2018Q3 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
1912000000 | USD |
| us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
5659000000 | USD | |
| CY2017Q3 | us-gaap |
Landing Fees And Other Rentals
LandingFeesAndOtherRentals
|
324000000 | USD |
| us-gaap |
Landing Fees And Other Rentals
LandingFeesAndOtherRentals
|
969000000 | USD | |
| CY2018Q3 | us-gaap |
Landing Fees And Other Rentals
LandingFeesAndOtherRentals
|
337000000 | USD |
| us-gaap |
Landing Fees And Other Rentals
LandingFeesAndOtherRentals
|
1011000000 | USD | |
| CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
25110000000 | USD |
| CY2018Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
26882000000 | USD |
| CY2017Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
6863000000 | USD |
| CY2018Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
7843000000 | USD |
| CY2017Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-453000000 | USD |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1913000000 | USD | |
| CY2018Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-677000000 | USD |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1925000000 | USD | |
| CY2017Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-620000000 | USD |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1673000000 | USD | |
| CY2018Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-604000000 | USD |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1370000000 | USD | |
| CY2017Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
996000000 | USD |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
3366000000 | USD | |
| CY2018Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1271000000 | USD |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
3904000000 | USD | |
| CY2017Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
528000000 | USD |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
1610000000 | USD | |
| CY2018Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
615000000 | USD |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
1811000000 | USD | |
| CY2017Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-13000000 | USD |
| us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-137000000 | USD | |
| CY2018Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-12000000 | USD |
| us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-39000000 | USD | |
| CY2017Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
4458000000 | USD |
| us-gaap |
Operating Expenses
OperatingExpenses
|
13221000000 | USD | |
| CY2018Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
4777000000 | USD |
| us-gaap |
Operating Expenses
OperatingExpenses
|
13875000000 | USD | |
| CY2017Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
845000000 | USD |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
2667000000 | USD | |
| CY2018Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
798000000 | USD |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
2386000000 | USD | |
| CY2017Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
353000000 | USD |
| CY2018Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
332000000 | USD |
| CY2017Q4 | us-gaap |
Other Assets
OtherAssets
|
786000000 | USD |
| CY2018Q3 | us-gaap |
Other Assets
OtherAssets
|
1032000000 | USD |
| CY2017Q4 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
156000000 | USD |
| CY2018Q3 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
174000000 | USD |
| CY2017Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
786000000 | USD |
| CY2018Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1032000000 | USD |
| CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
127000000 | USD |
| us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
187000000 | USD | |
| CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
114000000 | USD |
| us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
418000000 | USD | |
| CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
2000000 | USD |
| us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
4000000 | USD | |
| CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
6000000 | USD |
| us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
9000000 | USD | |
| CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
2000000 | USD |
| us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
2000000 | USD | |
| CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
1000000 | USD |
| us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
1000000 | USD | |
| CY2017Q3 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
741000000 | USD |
| us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
2154000000 | USD | |
| CY2018Q3 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
739000000 | USD |
| us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
2096000000 | USD | |
| CY2017Q4 | us-gaap |
Other Deferred Compensation Arrangements Liability Classified Noncurrent
OtherDeferredCompensationArrangementsLiabilityClassifiedNoncurrent
|
237000000 | USD |
| CY2018Q3 | us-gaap |
Other Deferred Compensation Arrangements Liability Classified Noncurrent
OtherDeferredCompensationArrangementsLiabilityClassifiedNoncurrent
|
260000000 | USD |
| CY2017Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
707000000 | USD |
| CY2018Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
748000000 | USD |
| CY2017Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-9000000 | USD |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-115000000 | USD | |
| CY2018Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-8000000 | USD |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-16000000 | USD | |
| CY2017Q3 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
-8000000 | USD |
| us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
-89000000 | USD | |
| CY2018Q3 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
73000000 | USD |
| us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
32000000 | USD | |
| CY2017Q4 | us-gaap |
Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
|
76000000 | USD |
| CY2018Q3 | us-gaap |
Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
|
116000000 | USD |
| CY2017Q3 | us-gaap |
Payments For Construction In Process
PaymentsForConstructionInProcess
|
17000000 | USD |
| us-gaap |
Payments For Construction In Process
PaymentsForConstructionInProcess
|
113000000 | USD | |
| CY2018Q3 | us-gaap |
Payments For Construction In Process
PaymentsForConstructionInProcess
|
8000000 | USD |
| us-gaap |
Payments For Construction In Process
PaymentsForConstructionInProcess
|
49000000 | USD | |
| CY2017Q3 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
0 | USD |
| us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
0 | USD | |
| CY2018Q3 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-5000000 | USD |
| us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-5000000 | USD | |
| CY2017Q3 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
300000000 | USD |
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
1250000000 | USD | |
| CY2018Q3 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
500000000 | USD |
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
1500000000 | USD | |
| CY2017Q3 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
75000000 | USD |
| us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
274000000 | USD | |
| CY2018Q3 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
91000000 | USD |
| us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
332000000 | USD | |
| CY2017Q3 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
638000000 | USD |
| us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
1603000000 | USD | |
| CY2018Q3 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
454000000 | USD |
| us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
1384000000 | USD | |
| CY2017Q3 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
531000000 | USD |
| us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
1653000000 | USD | |
| CY2018Q3 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
678000000 | USD |
| us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
1607000000 | USD | |
| CY2017Q4 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
275000000 | USD |
| CY2018Q3 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
294000000 | USD |
| CY2017Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
460000000 | USD |
| CY2018Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
514000000 | USD |
| CY2017Q4 | us-gaap |
Prepaid Expense Other Noncurrent
PrepaidExpenseOtherNoncurrent
|
5000000 | USD |
| CY2018Q3 | us-gaap |
Prepaid Expense Other Noncurrent
PrepaidExpenseOtherNoncurrent
|
57000000 | USD |
| CY2018Q3 | us-gaap |
Price Risk Cash Flow Hedge Unrealized Gain Loss To Be Reclassified During Next12 Months
PriceRiskCashFlowHedgeUnrealizedGainLossToBeReclassifiedDuringNext12Months
|
198000000 | USD |
| CY2017Q3 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
6000000 | USD |
| us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
17000000 | USD | |
| CY2018Q3 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
3000000 | USD |
| us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-7000000 | USD | |
| CY2017Q3 | us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
566000000 | USD |
| us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
1696000000 | USD | |
| CY2018Q3 | us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
531000000 | USD |
| us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
1665000000 | USD | |
| CY2017Q3 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
7000000 | USD |
| us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
22000000 | USD | |
| CY2018Q3 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
9000000 | USD |
| us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
26000000 | USD | |
| CY2017Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
28229000000 | USD |
| CY2018Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
28716000000 | USD |
| CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
18539000000 | USD |
| CY2018Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
19279000000 | USD |
| CY2017Q4 | us-gaap |
Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
|
4399000000 | USD |
| CY2018Q3 | us-gaap |
Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
|
4769000000 | USD |
| CY2018Q3 | us-gaap |
Property Subject To Or Available For Operating Lease Number Of Units
PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits
|
51 | aircraft |
| CY2017Q3 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
106000000 | USD |
| us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
534000000 | USD | |
| CY2018Q3 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
98000000 | USD |
| us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
255000000 | USD | |
| CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
13832000000 | USD |
| CY2018Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
15402000000 | USD |
| CY2017Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
5303000000 | USD |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
15888000000 | USD | |
| CY2018Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
5575000000 | USD |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
16261000000 | USD | |
| CY2017Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
1778000000 | USD |
| CY2018Q3 | us-gaap |
Short Term Investments
ShortTermInvestments
|
1716000000 | USD |
| CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9641000000 | USD |
| CY2018Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
10153000000 | USD |
| CY2017Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
203000000 | USD |
| CY2018Q3 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
196000000 | USD |
| CY2017Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
6462000000 | USD |
| CY2018Q3 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
7954000000 | USD |
| CY2017Q3 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
42000000 | USD |
| us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
20000000 | USD | |
| CY2018Q3 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
2000000 | USD |
| us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
13000000 | USD | |
| CY2017Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
598000000 | shares |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
606000000 | shares | |
| CY2018Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
569000000 | shares |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
579000000 | shares | |
| CY2017Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
597000000 | shares |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
605000000 | shares | |
| CY2018Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
569000000 | shares |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
578000000 | shares | |
| CY2017Q4 | us-gaap |
Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
|
172000000 | USD |
| CY2018Q3 | us-gaap |
Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
|
166000000 | USD |
| us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">BASIS OF PRESENTATION</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Southwest Airlines Co. (the "Company" or "Southwest") operates Southwest Airlines, a major passenger airline that provides scheduled air transportation in the United States and near-international markets. The unaudited Condensed Consolidated Financial Statements include accounts of the Company and its wholly owned subsidiaries. </font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The accompanying unaudited Condensed Consolidated Financial Statements of the Company and its subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles in the United States ("GAAP") for complete financial statements. The unaudited Condensed Consolidated Financial Statements for the interim periods ended </font><font style="font-family:Times New Roman;font-size:11pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">September 30, 2018</font><font style="font-family:inherit;font-size:11pt;"> and </font><font style="font-family:Times New Roman;font-size:11pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">2017</font><font style="font-family:inherit;font-size:11pt;"> include all adjustments which are, in the opinion of management, necessary for a fair presentation of the results for the interim periods. This includes all normal and recurring adjustments and elimination of significant intercompany transactions. Financial results for the Company and airlines in general can be seasonal in nature. In many years, the Company's revenues, as well as its Operating income and Net income, have been better in its second and third fiscal quarters than in its first and fourth fiscal quarters. Air travel is also significantly impacted by general economic conditions, the amount of disposable income available to consumers, unemployment levels, corporate travel budgets, natural disasters, and other factors beyond the Company's control. These and other factors, such as the price of jet fuel in some periods, the nature of the Company's fuel hedging program, and the periodic volatility of commodities used by the Company for hedging jet fuel, have created, and may continue to create, significant volatility in the Company's financial results. See</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:11pt;color:#000000;text-decoration:none;">Note 3</font><font style="font-family:inherit;font-size:11pt;"> for further information on fuel and the Company's hedging program. Operating results for the </font><font style="font-family:inherit;font-size:11pt;">three and nine months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:11pt;color:#000000;text-decoration:none;">September 30, 2018</font><font style="font-family:inherit;font-size:11pt;">, are not necessarily indicative of the results that may be expected for future quarters or for the year ended </font><font style="font-family:inherit;font-size:11pt;color:#000000;text-decoration:none;">December 31, 2018</font><font style="font-family:inherit;font-size:11pt;">. For further information, refer to the Consolidated Financial Statements and footnotes thereto included in the Southwest Airlines Co. Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:11pt;">December 31, 2017</font><font style="font-family:inherit;font-size:11pt;">.</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Effective as of January 1, 2018, the Company adopted Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers, ASU No. 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, and ASU No. 2017-12, Targeted Improvements to Accounting for Hedging Activities. All amounts and disclosures set forth in this Form 10-Q reflect the adoption of these ASUs. See Note </font><font style="font-family:inherit;font-size:11pt;">2</font><font style="font-family:inherit;font-size:11pt;"> for further information. </font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The Company reclassified </font><font style="font-family:inherit;font-size:11pt;">$51 million</font><font style="font-family:inherit;font-size:11pt;"> and </font><font style="font-family:inherit;font-size:11pt;">$158 million</font><font style="font-family:inherit;font-size:11pt;"> from Aircraft rentals to Other operating expenses in the unaudited Condensed Consolidated Statement of Comprehensive Income for the </font><font style="font-family:inherit;font-size:11pt;">three and nine months ended</font><font style="font-family:inherit;font-size:11pt;"> </font><font style="font-family:inherit;font-size:11pt;">September 30, 2017</font><font style="font-family:inherit;font-size:11pt;">, respectively, to be comparative with the current period's presentation. Aircraft rentals expense included in Other operating expenses for the </font><font style="font-family:inherit;font-size:11pt;">three and nine months ended</font><font style="font-family:inherit;font-size:11pt;"> </font><font style="font-family:inherit;font-size:11pt;">September 30, 2018</font><font style="font-family:inherit;font-size:11pt;">, was </font><font style="font-family:inherit;font-size:11pt;">$41 million</font><font style="font-family:inherit;font-size:11pt;"> and </font><font style="font-family:inherit;font-size:11pt;">$121 million</font><font style="font-family:inherit;font-size:11pt;">, respectively. This reclassification had no impact on Operating income, Net income, the unaudited Condensed Consolidated Balance Sheet, or the unaudited Condensed Consolidated Statement of Cash Flows.</font></div></div> |
