LEASES (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Schedule of lease asset and liability balance sheet position by category

The table below presents the lease-related assets and liabilities recorded on the balance sheet.

Lease asset and liability balance sheet position by category
		December 31,
(in millions)	Classification on the Balance Sheet	2022			2021
Assets
Operating lease assets	Operating lease right-of-use assets	$	7,036		$	7,237
Finance lease assets	Property and equipment, net	1,487			1,596
Total lease assets		$	8,523		$	8,833
Liabilities
Current
Operating	Current maturities of operating leases	$	714		$	703
Finance	Current maturities of debt and finance leases	304			280
Noncurrent
Operating	Noncurrent operating leases	6,866			7,056
Finance	Debt and finance leases	1,345			1,556
Total lease liabilities		$	9,229		$	9,595
Weighted-average remaining lease term
Operating leases		13 years			13 years
Finance leases		5 years			6 years
Weighted-average discount rate
Operating leases		4.30		%	3.81		%
Finance leases		3.05		%	3.36		%

Schedule of lease cost by category

The table below presents certain information related to the lease costs for finance and operating leases.

Lease cost by category
	Year Ended December 31,
(in millions)	2022		2021		2020
Finance lease cost
Amortization of leased assets	$	120	$	131	$	131
Interest of lease liabilities	45		55		32
Operating lease cost(1)	949		863		1,019
Short-term lease cost(1)	281		245		264
Variable lease cost(1)	1,859		1,599		1,406
Total lease cost	$	3,254	$	2,893	$	2,852

(1)Expenses are primarily classified within aircraft rent, landing fees and other rents and regional carrier expense on our income statement.

Schedule supplemental lease-related cash flow information

The table below presents supplemental cash flow information related to leases.

Supplemental lease-related cash flow information
	Year Ended December 31,
(in millions)	2022		2021		2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	809	$	999	$	1,053
Operating cash flows for finance leases	49		46		32
Financing cash flows for finance leases	363		336		255

Schedule of future cash flows and reconciliation to the balance sheet, operating leases

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the finance lease liabilities and operating lease liabilities recorded on the balance sheet.

Future lease cash flows and reconciliation to the balance sheet
(in millions)	Operating Leases		Finance Leases
2023	$	976	$	343
2024	946		375
2025	923		237
2026	836		174
2027	805		192
Thereafter	5,323		470
Total minimum lease payments	9,809		1,791
Less: amount of lease payments representing interest	(2,229)		(142)
Present value of future minimum lease payments	7,580		1,649
Less: current obligations under leases	(714)		(304)
Long-term lease obligations	$	6,866	$	1,345

Schedule of future cash flows and reconciliation to the balance sheet, finance leases

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the finance lease liabilities and operating lease liabilities recorded on the balance sheet.

Future lease cash flows and reconciliation to the balance sheet
(in millions)	Operating Leases		Finance Leases
2023	$	976	$	343
2024	946		375
2025	923		237
2026	836		174
2027	805		192
Thereafter	5,323		470
Total minimum lease payments	9,809		1,791
Less: amount of lease payments representing interest	(2,229)		(142)
Present value of future minimum lease payments	7,580		1,649
Less: current obligations under leases	(714)		(304)
Long-term lease obligations	$	6,866	$	1,345