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Debt (Tables)
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Schedule of debt
The following table summarizes our debt:
MaturityInterest Rate(s) Per Annum atJune 30,December 31,
(in millions)DatesJune 30, 202020202019
Unsecured notes2020to20292.60%to7.38%$5,800  $5,550  
Unsecured CARES Act Payroll Support Program Loan20301.00%1,438  —  
Financing arrangements secured by slots, gates and/or routes:
2020 Senior Secured Notes20257.00%3,500  —  
2020 Term Loan(1)(2)
2020to20235.75%1,500  —  
2018 Revolving Credit Facility(1)
2021to20233.75%2,650  —  
2020 Secured Term Loan Facility(1)
20212.43%to2.44%2,950  —  
Financing arrangements secured by aircraft:
Certificates(2)
2021to20282.00%to8.02%2,731  1,669  
Notes(1)(2)
2020to20250.91%to5.75%1,146  1,193  
NYTDC Special Facilities Revenue Bonds, Series 2018(2)
2022to20364.00%to5.00%1,383  1,383  
Other financings(1)(2)(3)
2021to20301.16%to8.75%214  196  
Other revolving credit facilities(1)
20211.93%to3.36%270  —  
Total secured and unsecured debt23,582  9,991  
Unamortized (discount)/premium and debt issue cost, net and other(89) 115  
Total debt23,493  10,106  
Less: current maturities(4,954) (2,054) 
Total long-term debt$18,539  $8,052  
(1)Certain financings are comprised of variable rate debt. All variable rates are equal to LIBOR (generally subject to a floor) or another index rate, in each case plus a specified margin.
(2)Due in installments.
(3)Primarily includes unsecured bonds and debt secured by certain accounts receivable and real estate.
Schedule of pass through certificates The proceeds of this issuance were used to pay the unsecured notes that matured in the March 2020 quarter. In April 2020, we issued an additional $135 million of Class B certificates. The amounts of all 2020-1 EETC are included in Certificates in the table above. The details of the 2020-1 EETC, which is secured by 33 aircraft, are shown in the table below:
(in millions)Total PrincipalFixed Interest RateIssuance DateFinal Maturity Date
2020-1 Class AA Certificates$796  2.00%March 2020June 2028
2020-1 Class A Certificates204  2.50%March 2020June 2028
2020-1 Class B Certificates135  8.00%April 2020June 2027
Total$1,135  
Schedule of estimated fair value of debt instruments The fair value of debt, shown below, is principally based on reported market values, recently completed market transactions and estimates based on interest rates, maturities, credit risk and underlying collateral. Debt is primarily classified as Level 2 within the fair value hierarchy. 
(in millions)June 30,
2020		December 31,
2019
Net carrying amount$23,493  $10,106  
Fair value$22,900  $10,400