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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 2,762 $ 1,694 [1]
Short-term investments 2,182 2,256 [1]
Receivables, less allowance for doubtful accounts (2019—$9; 2018—$8) 1,364 1,426 [1]
Aircraft fuel, spare parts and supplies, less obsolescence allowance (2019—$425; 2018—$412) 1,072 985 [1]
Prepaid expenses and other 814 733 [1]
Total current assets 8,194 7,094 [1]
Operating property and equipment:    
Flight equipment 35,421 32,599 [1]
Other property and equipment 7,926 6,889 [1]
Purchase deposits for flight equipment 1,360 1,177 [1]
Total operating property and equipment 44,707 40,665 [1]
Less—Accumulated depreciation and amortization (14,537) (13,266) [1]
Total operating property and equipment, net 30,170 27,399 [1]
Operating lease right-of-use assets 4,758 5,262 [1]
Other assets:    
Goodwill 4,523 4,523 [1]
Intangibles, less accumulated amortization (2019—$1,440; 2018—$1,380) 3,009 3,159 [1]
Restricted cash 106 105 [1]
Notes receivable, net 671 516 [1]
Investments in affiliates and other, net 1,180 966 [1]
Total other assets 9,489 9,269 [1]
Total assets 52,611 49,024 [1]
Current liabilities:    
Advance ticket sales 4,819 4,381 [1]
Accounts payable 2,703 2,363 [1]
Frequent flyer deferred revenue 2,440 2,286 [1]
Accrued salaries and benefits 2,271 2,184 [1]
Current maturities of long-term debt 1,407 1,230 [1]
Current maturities of finance leases 46 123 [1]
Current maturities of operating leases 686 719 [1]
Other 566 553 [1]
Total current liabilities 14,938 13,839 [1]
Long-term debt 13,145 12,215 [1]
Long-term obligations under finance leases 220 224 [1]
Long-term obligations under operating leases 4,946 5,276 [1]
Other liabilities and deferred credits:    
Frequent flyer deferred revenue 2,836 2,719 [1]
Postretirement benefit liability 789 1,295 [1]
Pension liability 1,446 1,576 [1]
Deferred income taxes 1,736 828 [1]
Other 1,024 1,010 [1]
Total other liabilities and deferred credits 7,831 7,428 [1]
Commitments and contingencies [1]
Stockholders' equity:    
Preferred stock 0 0 [1]
Common stock 3 3 [1]
Additional capital invested 6,129 6,120 [1]
Stock held in treasury, at cost (3,599) (1,993) [1]
Retained earnings 9,716 6,715 [1]
Accumulated other comprehensive loss (718) (803) [1]
Total stockholders' equity 11,531 10,042 [1]
Total liabilities and stockholders' equity 52,611 49,024 [1]
United Airlines, Inc.    
Current assets:    
Cash and cash equivalents 2,756 1,688 [2]
Short-term investments 2,182 2,256 [2]
Receivables, less allowance for doubtful accounts (2019—$9; 2018—$8) 1,364 1,426 [2]
Aircraft fuel, spare parts and supplies, less obsolescence allowance (2019—$425; 2018—$412) 1,072 985 [2]
Prepaid expenses and other 814 733 [2]
Total current assets 8,188 7,088 [2]
Operating property and equipment:    
Flight equipment 35,421 32,599 [2]
Other property and equipment 7,926 6,889 [2]
Purchase deposits for flight equipment 1,360 1,177 [2]
Total operating property and equipment 44,707 40,665 [1]
Less—Accumulated depreciation and amortization (14,537) (13,266) [1]
Total operating property and equipment, net 30,170 27,399 [1]
Operating lease right-of-use assets 4,758 5,262 [2]
Other assets:    
Goodwill 4,523 4,523 [2]
Intangibles, less accumulated amortization (2019—$1,440; 2018—$1,380) 3,009 3,159 [2]
Restricted cash 106 105 [2]
Notes receivable, net 671 516 [2]
Investments in affiliates and other, net 1,180 966 [2]
Total other assets 9,489 9,269 [2]
Total assets 52,605 49,018 [2]
Current liabilities:    
Advance ticket sales 4,819 4,381 [2]
Accounts payable 2,703 2,363 [2]
Frequent flyer deferred revenue 2,440 2,286 [2]
Accrued salaries and benefits 2,271 2,184 [2]
Current maturities of long-term debt 1,407 1,230 [2]
Current maturities of finance leases 46 123 [2]
Current maturities of operating leases 686 719 [2]
Other 571 558 [2]
Total current liabilities 14,943 13,844 [2]
Long-term debt 13,145 12,215 [2]
Long-term obligations under finance leases 220 224 [2]
Long-term obligations under operating leases 4,946 5,276 [2]
Other liabilities and deferred credits:    
Frequent flyer deferred revenue 2,836 2,719 [2]
Postretirement benefit liability 789 1,295 [2]
Pension liability 1,446 1,576 [2]
Deferred income taxes 1,763 855 [2]
Other 1,025 1,010 [2]
Total other liabilities and deferred credits 7,859 7,455 [2]
Commitments and contingencies [2]
Stockholders' equity:    
Common stock 0 0 [2]
Additional capital invested 0 598 [2]
Retained earnings 12,353 10,319 [2]
Accumulated other comprehensive loss (718) (803) [2]
Receivable from related parties (143) (110) [2]
Total stockholders' equity 11,492 10,004 [2]
Total liabilities and stockholders' equity $ 52,605 $ 49,018 [2]
[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 II, Item 8 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 II, Item 8 of this report for additional information.