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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Schedule of Assets (Liabilities) Measured at Fair Value on a Recurring Basis
Assets (Liabilities) Measured at Fair Value on a Recurring Basis(1) 
 
December 31, 2015
Valuation
Technique
(in millions)
Total
Level 1
Level 2
Cash equivalents
$
1,543

$
1,543

$

(a)
Short-term investments
 
 


U.S. government and agency securities
151

74

77

(a)
Asset- and mortgage-backed securities
380


380

(a)
Corporate obligations
896


896

(a)
Other fixed income securities
38


38

(a)
Restricted cash equivalents and investments
49

49


(a)
Long-term investments
155

130

25

(a)
Hedge derivatives, net
 
 
 
 
Fuel hedge contracts
(672
)
65

(737
)
(a)(b)
Interest rate contract
(3
)

(3
)
(a)(b)
Foreign currency exchange contracts
94


94

(a)
 
December 31, 2014
Valuation
Technique
(in millions)
Total
Level 1
Level 2
Cash equivalents
$
1,612

$
1,612

$

(a)
Short-term investments


 



U.S. government securities
59


59

(a)
Asset- and mortgage-backed securities
392


392

(a)
Corporate obligations
749


749

(a)
Other fixed income securities
17


17

(a)
Restricted cash equivalents and investments
37

37


(a)
Long-term investments
118

90

28

(a)
Hedge derivatives, net
 
 
 
 
Fuel hedge contracts
(1,848
)
(167
)
(1,681
)
(a)(b)
Interest rate contract
(7
)

(7
)
(a)(b)
Foreign currency exchange contracts
73


73

(a)

(1) 
See Note 9, “Employee Benefit Plans,” for fair value of benefit plan assets.