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Segments (Tables)
 9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Schedule of segment reporting information, by segment Segment results are prepared based on our internal accounting methods described below, with reconciliations to consolidated amounts in accordance with GAAP. Our segments are not designed to measure operating income or loss directly related to the products and services included in each segment on a stand-alone basis.
(in millions)
Airline
Refinery
 
Intersegment Sales/Other
 
Consolidated
Three Months Ended September 30, 2016
 
 
 
 
 
 
Operating revenue:
$
10,473

$
971

 
 
 
$
10,483

Sales to airline segment
 
 
 
$
(173
)
(1) 
 
Exchanged products
 
 
 
(734
)
(2) 
 
Sales of refined products to third parties
 
 
 
(54
)
(3) 
 
Operating income (loss)(4)
2,014

(45
)
 
—

 
1,969

Interest expense, net
94

1

 
—

 
95

Depreciation and amortization
464

10

 
—

 
474

Total assets, end of period
49,748

1,200

 
—

 
50,948

Capital expenditures
652

28

 
—

 
680

 
 
 
 
 
 
 
Three Months Ended September 30, 2015
 
 
 
 
 
 
Operating revenue:
$
10,994

$
1,258

 
 
 
$
11,107

Sales to airline segment
 
 
 
$
(267
)
(1) 
 
Exchanged products
 
 
 
(761
)
(2) 
 
Sales of refined products to third parties
 
 
 
(117
)
(3) 
 
Operating income(4)
2,107

106

 
—

 
2,213

Interest expense, net
121

—

 
—

 
121

Depreciation and amortization
458

8

 
—

 
466

Total assets, end of period
52,287

1,258

 
—

 
53,545

Capital expenditures
536

26

 
—

 
562

 
(1) 
Represents transfers, valued on a market price basis, from the refinery to the airline segment for use in airline operations. We determine market price by reference to the market index for the primary delivery location, which is New York Harbor, for jet fuel from the refinery.
(2) 
Represents value of products delivered under our exchange agreements, as discussed above, determined on a market price basis.
(3) 
Represents sales of refined products to third parties. These sales were at or near cost; accordingly, the margin on these sales is de minimis.
(4) 
Includes the impact of pricing arrangements between the airline and refinery segments with respect to the refinery's inventory price risk.
(in millions)
Airline
Refinery
 
Intersegment Sales/Other
 
Consolidated
Nine Months Ended September 30, 2016
 
 
 
 
 
 
Operating revenue:
$
30,043

$
2,763

 
 
 
$
30,181

Sales to airline segment
 
 
 
$
(495
)
(1) 
 
Exchanged products
 
 
 
(2,005
)
(2) 
 
Sales of refined products to third parties
 
 
 
(125
)
(3) 
 
Operating income (loss)(4)
6,015

(83
)
 
—

 
5,932

Interest expense, net
293

2

 
—

 
295

Depreciation and amortization
1,402

28

 
—

 
1,430

Capital expenditures
2,536

61

 
—

 
2,597

 
 
 
 
 
 
 
Nine Months Ended September 30, 2015
 
 
 
 
 
 
Operating revenue:
$
30,900

$
3,755

 
 
 
$
31,202

Sales to airline segment
 
 
 
$
(792
)
(1) 
 
Exchanged products
 
 
 
(2,401
)
(2) 
 
Sales of refined products to third parties
 
 
 
(260
)
(3) 
 
Operating income(4)
5,803

282

 
—

 
6,085

Interest expense, net
379

—

 
—

 
379

Depreciation and amortization
1,361

23

 
—

 
1,384

Capital expenditures
2,021

46

 
—

 
2,067

(1) 
Represents transfers, valued on a market price basis, from the refinery to the airline segment for use in airline operations. We determine market price by reference to the market index for the primary delivery location, which is New York Harbor, for jet fuel from the refinery.
(2) 
Represents value of products delivered under our exchange agreements, as discussed above, determined on a market price basis.
(3) 
Represents sales of refined products to third parties. These sales were at or near cost; accordingly, the margin on these sales is de minimis.
(4) 
Includes the impact of pricing arrangements between the airline and refinery segments with respect to the refinery's inventory price risk.