Oil Refinery (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Segment results are prepared based on our internal accounting methods described below, with reconciliations to consolidated amounts in accordance with accounting principles generally accepted in the United States:



	Year Ended December 31, 2012
(in millions)	Airline		Refinery			Intersegment Sales/ Other				Consolidated
Operating revenue:	$	36,670	$	1,347						$	36,670
Sales to airline segment						$	(213	)	⁽¹⁾
Exchanged products						(1,121		)	⁽²⁾
Sales of by-products to third parties						(13		)	⁽³⁾
Operating income (loss)	2,238		(63		)	—				2,175
Interest expense, net	812		—			—				812
Depreciation and amortization expense	1,561		4			—				1,565
Total assets, end of period	43,386		1,164			—				44,550
Capital expenditures	1,637		331			—				1,968


⁽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 for jet fuel from the refinery, which is New York harbor.


⁽²⁾	Represents value of products exchanged under our buy/sell agreements, as discussed above, determined on a market price basis.


⁽³⁾	Represents sales of refinery by-products to third parties. Such products are generally sold at or near cost; accordingly, margin on such sales is de minimis. By-products are produced as a result of the refining of crude oil into gasoline, diesel and jet fuel.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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