Leases and Capacity Purchase Agreements (Tables)

12 Months Ended

Dec. 31, 2013

Future Minimum Lease Payments for Capital and Operating Leases

At December 31, 2013, United’s scheduled future minimum lease payments under operating leases having initial or remaining noncancelable lease terms of more than one year, aircraft leases, including aircraft rent under CPAs and capital leases (substantially all of which are for aircraft) were as follows (in millions):

	Capital Leases (a)		Facility and Other Operating Leases		Aircraft Operating Leases (b)
2014	$	206	$	1,192	$	1,601
2015		183		987		1,381
2016		168		864		1,150
2017		123		831		1,053
2018		106		710		786
After 2018		678		6,002		1,819
Minimum lease payments	$	1,464	$	10,586	$	7,790
Imputed interest		(594)
Present value of minimum lease payments		870
Current portion		(117)
Long-term obligations under capital leases	$	753

(a) As of December 31, 2013, United’s aircraft capital lease minimum payments relate to leases of 47 mainline and 38 regional aircraft as well as to leases of nonaircraft assets. Imputed interest rate ranges are 4.8% to 18.5%.

(b) The operating lease payments presented above include future payments of $103 million related to 25 nonoperating aircraft as of December 31, 2013.

Future Lease Payment Under Terms of Capacity Purchase Agreement

Based on these assumptions as of December 31, 2013, our future payments through the end of the terms of our CPAs are presented in the table below (in millions):

2014	$	1,936
2015		1,747
2016		1,532
2017		1,449
2018		1,340
After 2018		3,410
	$	11,414