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Derivatives (Tables)
 3 Months Ended
Mar. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
Hedge Position as of March 31, 2014
(in millions)
Notional Balance
Final Maturity Date
Prepaid Expenses and Other
Other Noncurrent Assets
Other Accrued Liabilities
Other Noncurrent Liabilities
Hedge Derivatives, Net
Designated as hedges
 
 
 
 
 
 
 
 
Interest rate contracts (cash flow hedges)
$
462

U.S. dollars
May 2019
$
—

$
—

$
(17
)
$
(25
)
$
(42
)
Interest rate contracts (fair value hedges)
$
430

U.S. dollars
August 2022
5

—

—

(23
)
(18
)
Foreign currency exchange contracts
126,333

Japanese yen
December 2016
136

71

—

(1
)
206

425

Canadian dollars
 
 
 
 
 
Not designated as hedges
 
 
 
 
 
 
 
 
Fuel hedge contracts
5,578

gallons - crude oil, diesel and jet fuel
June 2015
296

4

(36
)
(3
)
261

Total derivative contracts
 
 
$
437

$
75

$
(53
)
$
(52
)
$
407


Hedge Position as of December 31, 2013
(in millions)
Notional Balance
Final Maturity Date
Prepaid Expenses and Other
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
5,318

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

29

(127
)
(16
)
314

Total derivative contracts
 
 
$
585

$
129

$
(146
)
$
(64
)
$
504



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
March 31, 2014
 
 
 
 
 
Net derivative contracts
$
401

$
74

$
(17
)
$
(51
)
$
407

December 31, 2013
 
 
 
 
 
Net derivative contracts
$
456

$
116

$
(19
)
$
(49
)
$
504
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
Designated Hedge Gains (Losses)
Gains (losses) related to our designated hedge contracts are as follows:
 
Effective Portion Reclassified from AOCI to Earnings
 
Effective Portion Recognized in Other Comprehensive Income
(in millions)
2014
2013
 
2014
2013
Three Months Ended March 31,
 
 
 
 
 
Foreign currency exchange contracts
$
43

$
21

 
$
(51
)
$
87