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INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
Schedule of fair value investments ownership interest and carrying value
Equity investments ownership interest and carrying value
Accounting TreatmentOwnership InterestCarrying Value
(in millions)December 31, 2022December 31, 2021December 31, 2022December 31, 2021
Air France-KLMFair Value%%$97 $165 
China EasternFair Value%%189 177 
CLEARFair Value%%227 260 
Grupo AeroméxicoEquity Method20 %51 %412 — 
Hanjin-KAL
Fair Value(1)
15 %13 %296 455 
LATAMFair Value10 %20 %403 — 
Unifi Aviation
Equity Method(2)
49 %49 %165 159 
Wheels Up
Fair Value(3)
21 %21 %54 241 
Other investmentsVarious285 255 
Equity investments$2,128 $1,712 
(1)At December 31, 2022, we held 14.8% of the outstanding shares (including common and preferred), and 14.9% of the common shares, of Hanjin KAL.
(2)Results are included in contracted services in our income statement as this entity is integral to the operations of our business by providing services at many of our airport locations.
(3)We elected to account for our investment under the fair value option.
Schedule of equity method investments ownership interest and carrying value
Equity investments ownership interest and carrying value
Accounting TreatmentOwnership InterestCarrying Value
(in millions)December 31, 2022December 31, 2021December 31, 2022December 31, 2021
Air France-KLMFair Value%%$97 $165 
China EasternFair Value%%189 177 
CLEARFair Value%%227 260 
Grupo AeroméxicoEquity Method20 %51 %412 — 
Hanjin-KAL
Fair Value(1)
15 %13 %296 455 
LATAMFair Value10 %20 %403 — 
Unifi Aviation
Equity Method(2)
49 %49 %165 159 
Wheels Up
Fair Value(3)
21 %21 %54 241 
Other investmentsVarious285 255 
Equity investments$2,128 $1,712 
(1)At December 31, 2022, we held 14.8% of the outstanding shares (including common and preferred), and 14.9% of the common shares, of Hanjin KAL.
(2)Results are included in contracted services in our income statement as this entity is integral to the operations of our business by providing services at many of our airport locations.
(3)We elected to account for our investment under the fair value option.