HEDGING ACTIVITIES (Tables)

9 Months Ended

Sep. 30, 2013

The following tables present information about the financial statement classification of the Company’s derivatives (in millions):


Classification	Balance Sheet Location	September 30, 2013		December 31, 2012
Derivatives designated as cash flow hedges
Assets:
Fuel contracts due within one year	Receivables	$	23	$	7

Liabilities:
Fuel contracts due within one year	Current liabilities: Other	$	—	$	2
Fuel contracts with maturities greater than one year	Other liabilities and deferred credits: Other		1		—

Total liabilities		$	1	$	2

Derivatives not designated for hedge accounting
Assets:
Fuel contracts due within one year	Receivables	$	29	$	44
Fuel contracts with maturities greater than one year	Other assets: Other, net		2		—

Total assets		$	31	$	44

Liabilities:
Fuel contracts due within one year	Current liabilities: Other	$	—	$	2
Fuel contracts with maturities greater than one year	Other liabilities and deferred credits: Other		1		1

Total liabilities		$	1	$	3

Total derivatives
Assets:
Fuel contracts due within one year	Receivables	$	52	$	51
Fuel contracts with maturities greater than one year	Other assets: Other, net		2		—

Total assets		$	54	$	51

Liabilities:
Fuel contracts due within one year	Current liabilities: Other	$	—	$	4
Fuel contracts with maturities greater than one year	Other liabilities and deferred credits: Other		2		1

Total liabilities		$	2	$	5

Schedule of Gains (Losses) on Derivative Instruments

The following tables present the impact of derivative instruments and their location within the Company’s unaudited statements of consolidated operations (in millions):

Derivatives designated as cash flow hedges


	Amount of Gain Recognized in AOCI on Derivatives (Effective Portion)				Gain (Loss) Reclassified from AOCI into Fuel Expense					Amount of Gain Recognized in Nonoperating income (expense): Miscellaneous, net (Ineffective Portion)
	Three Months Ended September 30,				Three Months Ended September 30,					Three Months Ended September 30,
	2013		2012		2013		2012			2013		2012
Fuel contracts	$	44	$	133	$	14	$	(38	)	$	1	$	2

Derivatives designated as cash flow hedges


	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)					Loss Reclassified from AOCI into Fuel Expense						Amount of Loss Recognized in Nonoperating income (expense): Miscellaneous, net (Ineffective Portion)
	Nine Months Ended September 30,					Nine Months Ended September 30,						Nine Months Ended September 30,
	2013		2012			2013			2012			2013		2012
Fuel contracts	$	16	$	(36	)	$	(4	)	$	(107	)	$	—	$	(2	)

Schedule of Derivative Instruments not Designated as Hedges Gains (Losses)

Derivatives not designated for hedge accounting


Fuel contracts


	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Amount of gain recognized in Nonoperating income (expense): Miscellaneous, net	$	61	$	10	$	30	$	10

Schedule of Derivative Credit Risk and Fair Value

The following table presents information related to the Company’s derivative credit risk as of September 30, 2013 (in millions):


Net derivative asset with counterparties	$	52
Collateral held by the Company (classified as an other current liability)		—
Potential loss related to the failure of the Company’s counterparties to perform		52