Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2017

Accumulated Other Comprehensive Income (Loss)

NOTE 3 - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The tables below present the components of the Company’s accumulated other comprehensive income (loss), net of tax (“AOCI”) (in millions):

							Deferred Taxes
UAL	Pension and Other Postretirement Liabilities		Fuel Derivative Contracts		Investments and Other		Pension and Other Postretirement Liabilities		Fuel Derivative Contracts		Total
Balance at December 31, 2016	$	(854)	$	(2)	$	2	$	24	$	1	$	(829)
Changes in value		(26)		—		—		10		—		(16)
Amounts reclassified to earnings		13		2		—		(5)		(1)		9
Net change		(13)		2		—		5		(1)		(7)
Balance at March 31, 2017	$	(867)	$	—	$	2	$	29	$	—	$	(836)
Balance at December 31, 2015	$	(363)	$	(215)	$	3	$	(154)	$	(102)	$	(831)
Changes in value		(43)		(16)		—		16		6		(37)
Amounts reclassified to earnings		5		138		—		(2)		(50)		91
Net change		(38)		122		—		14		(44)		54
Balance at March 31, 2016	$	(401)	$	(93)	$	3	$	(140)	$	(146)	$	(777)

Details about AOCI Components	Amount Reclassified from AOCI to Income				Affected Line Item in the Statements of Consolidated Operations
	Three Months Ended March 31,
	2017		2016
Fuel derivative contracts
Reclassifications of losses into earnings		$            2		$            138		Aircraft fuel
Pension and other postretirement liabilities
Amortization of unrecognized losses and prior service cost (credit) (a)		13		5		Salaries and related costs

(a) This AOCI component is included in the computation of net periodic pension and other postretirement costs (see Note 5 of this report for additional information).