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Derivatives and Risk Management (Tables)
 12 Months Ended
Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Price Risk Derivatives [Table Text Block]
The following table shows the impact of fuel hedge losses (gains) for both designated and undesignated contracts on aircraft fuel and related taxes:
 
Year Ended December 31,
(in millions)
2013
2012
2011
Airline segment
$
(444
)
$
81

$
(187
)
Refinery Segment
(49
)
—

—

Effective portion reclassified from AOCI to earnings
—

(15
)
(233
)
(Gains) losses recorded in aircraft fuel and related taxes
$
(493
)
$
66

$
(420
)
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

Hedge Position as of December 31, 2013
(in millions)
Notional Balance
Final Maturity Date
Prepaid Expenses and Other Assets
Other Noncurrent Assets
Other Accrued Liabilities
Other Noncurrent Liabilities
Hedge Derivatives, net
Designated as hedges
 
 
 
 
 
 
 
 
Interest rate contracts (cash flow hedges)
$
477

U.S. dollars
May 2019
$
—

$
—

$
(17
)
$
(26
)
$
(43
)
Interest rate contracts (fair value hedges)
$
445

U.S. dollars
August 2022
—

—

(2
)
(22
)
(24
)
Foreign currency exchange contracts
120,915

Japanese yen
August 2016
157

100

—

—

257

438

Canadian dollars
Not designated as hedges
 
 
 
 
 
 
 
 
Fuel hedge contracts
4,077

gallons - crude oil, diesel and jet fuel
March 2015
428

29

(127
)
(16
)
314

Total derivative contracts
 
 
$
585

$
129

$
(146
)
$
(64
)
$
504


Hedge Position as of December 31, 2012
(in millions)
Notional Balance
Final Maturity Date
Prepaid Expenses and Other Assets
Other Noncurrent Assets
Other Accrued Liabilities
Other Noncurrent Liabilities
Hedge Derivatives, net
Designated as hedges
 
 
 
 
 
 
 
 
Interest rate contracts (cash flow hedges)
$
740

U.S. dollars
May 2019
$
—

$
—

$
(22
)
$
(48
)
$
(70
)
Interest rate contracts (fair value hedges)
$
469

U.S. dollars
August 2022
—

6

(2
)
—

4

Foreign currency exchange contracts
119,277

Japanese yen
December 2015
62

63

(1
)
(1
)
123

430

Canadian dollars
 
 
 
 
Not designated as hedges
 
 
 
 
 
 
 
 
Fuel contracts
1,792

gallons - heating oil, crude oil and jet fuel
December 2013
511

—

(262
)
—

249

Total derivative contracts
 
 
$
573

$
69

$
(287
)
$
(49
)
$
306



Offsetting Assets and Liabilities

We have master netting arrangements with all of our counterparties giving us the right of setoff. We have elected not to offset the fair value positions recorded on our Consolidated Balance Sheets. The following table shows the potential net fair value positions had we elected to offset.
(in millions)
Prepaid Expenses and Other
Other Noncurrent Assets
Other Accrued Liabilities
Other Noncurrent Liabilities
Hedge Derivatives, Net
December 31, 2013
 
 
 
 
 
Net derivative contracts
$
456

$
116

$
(19
)
$
(49
)
$
504

December 31, 2012
 
 
 
 
 
Net derivative contracts
$
320

$
69

$
(34
)
$
(49
)
$
306
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
Gains (losses) related to our designated hedge contracts, including those previously designated as accounting hedges, are as follows:
 
Effective Portion Reclassified from AOCI to Earnings
 
Effective Portion Recognized in Other Comprehensive Income (Loss)
 
Year Ended December 31,
(in millions)
2013
2012
2011
 
2013
2012
2011
Fuel hedge contracts
$
—

$
15

$
233

 
$
—

$
(15
)
$
(166
)
Interest rate contracts
—

(5
)
—

 
28

14

(8
)
Foreign currency exchange contracts
135

(25
)
(61
)
 
133

212

7

Total designated
$
135

$
(15
)
$
172

 
$
161

$
211

$
(167
)