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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments The carrying amounts and estimated fair values of the Company’s debt are as follows (in millions):
December 31, 2022December 31, 2021
Carrying
Value
Estimated
Fair Value
Carrying
Value
Estimated
Fair Value
Secured debt:
Pre-delivery credit facility$277 $277 $174 $175 
Floating rate building note17 17 18 19 
Treasury Loan — — 150 156 
Unsecured debt:
Affinity card advance purchase of mileage credits71 66 15 14 
PSP Promissory Note66 52 66 58 
Total debt$431 $412 $423 $422 
Schedule of Fair Value of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The tables below present disclosures about the fair value of assets and liabilities measured at fair value on a recurring basis in the Company’s consolidated financial statements (in millions):
Fair Value Measurements as of December 31, 2022
DescriptionBalance Sheet ClassificationTotalLevel 1Level 2Level 3
Cash and cash equivalentsCash and cash equivalents$761 $761 $— $— 
Interest rate derivative contractsOther current assets$24 $— $24 $— 
Fair Value Measurements as of December 31, 2021
DescriptionBalance Sheet ClassificationTotalLevel 1Level 2Level 3
Cash and cash equivalentsCash and cash equivalents$918 $918 $— $—