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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of assets (liabilities) measured at fair value on a recurring basis
December 31, 2020Valuation
Technique
(in millions)TotalLevel 1Level 2Level 3
Cash equivalents$5,755 $5,755 $— $— (a)
Restricted cash equivalents1,747 1,747 — — (a)
Short-term investments
U.S. Government securities5,789 3,919 1,870 — (a)
Long-term investments1,417 948 38 431 (a)(b)
Hedge derivatives, net
Fuel hedge contracts(9)— (9)— (a)(b)
Interest rate contracts23 — 23 — (a)
Foreign currency exchange contracts(13)— (13)— (a)

December 31, 2019Valuation
Technique
(in millions)TotalLevel 1Level 2Level 3
Cash equivalents$586 $586 $— $— (a)
Restricted cash equivalents847 847 — — (a)
Long-term investments1,099 881 33 185 (a)(b)
Hedge derivatives, net
Fuel hedge contracts(1)— (a)(b)
Interest rate contracts61 — 61 — (a)
Foreign currency exchange contracts— — (a)

(1)See Note 11, "Employee Benefit Plans," for fair value of benefit plan assets.