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Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2018
Accumulated Other Comprehensive Income (Loss)

NOTE 4 - 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):

 

UAL   Pension and
Other
Postretirement
Liabilities		     Investments and
Other		     Income Taxes     Total  

Balance at December 31, 2017

    $ (1,102)      $ (6)      $ (39)      $ (1,147)  

Changes in value

     23        (4)       (6)       13   

Amounts reclassified to earnings

     16        —        (3)       13   

Amounts reclassified to retained earnings (a)

     —        7        —        7   
 

 

 

    

 

 

    

 

 

    

 

 

  

Net change

     39        3        (9)       33   
 

 

 

    

 

 

    

 

 

    

 

 

  

Balance at March 31, 2018

    $ (1,063)      $ (3)      $ (48)      $ (1,114)  
 

 

 

    

 

 

    

 

 

    

 

 

  
Balance at December 31, 2016    $ (854)      $ (1)      $ 26       $ (829)  

Changes in value

     (26)       —        10        (16)  

Amounts reclassified to earnings

     13        2        (6)       9   
 

 

 

    

 

 

    

 

 

    

 

 

  

Net change

     (13)       2        4        (7)  
 

 

 

    

 

 

    

 

 

    

 

 

  
Balance at March 31, 2017    $ (867)      $ 1       $ 30       $ (836)  

 

  

 

 

    

 

 

    

 

 

    

 

 

  

(a) This amount represents the unrealized loss on the Company’s investment in Azul, S.A. (“Azul”) which was previously classified as an available-for-sale security.

 

Details for AOCI Components Reclassified to Income

    Three Months Ended
March 31,		      Affected Line Item
in  the Statements of
Consolidated Operations		  
     2018      2017         

Pension and other postretirement liabilities

         

Amortization of unrecognized losses and prior service cost (a)

     $ 16        $ 13         Miscellaneous, net  

Investments and Other

         

Reclassifications of losses into earnings related to fuel derivative contracts

      —         2         Aircraft fuel  

(a) This AOCI component is included in the computation of net periodic pension and other postretirement costs (see Note 5 to the financial statements included in this Part I, Item 1 for additional information).