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Recently Issued Accounting Standards (Tables)
 9 Months Ended
Sep. 30, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]  
Impact of the Adoption of the New Lease Standard
The table below presents the impact of the adoption of the New Lease Standard on UAL's balance sheet accounts and captions (in millions):
 
December 31, 2018
 
As Reported
 
New Lease Standard Adjustments
 
As Adjusted
Receivables, less allowance for doubtful accounts
$
1,346

 
$
80

 
$
1,426

Prepaid expenses and other
913

 
(180
)
 
733

Flight equipment, owned and finance leases (a)
32,636

 
(37
)
 
32,599

Other property and equipment, owned and finance leases (a)
7,930

 
(1,041
)
 
6,889

Accumulated depreciation and amortization, owned and finance leases (a)
(13,414
)
 
148

 
(13,266
)
Operating lease right-of-use assets
—

 
5,262

 
5,262

Current maturities of finance leases (a)
149

 
(26
)
 
123

Current maturities of operating leases
—

 
719

 
719

Other current liabilities
619

 
(66
)
 
553

Long-term obligations under finance leases (a)
1,134

 
(910
)
 
224

Long-term obligations under operating leases
—

 
5,276

 
5,276

Deferred income taxes
814

 
14

 
828

Other long-term liabilities
1,832

 
(822
)
 
1,010

Retained earnings
6,668

 
47

 
6,715

(a) Finance leases, under the New Lease Standard, are the equivalent of capital leases under Topic 840.

The table below presents the impact of the adoption of the New Lease Standard on select line items of UAL's statement of consolidated cash flows (in millions):
 
Nine Months Ended September 30, 2018
 
As Reported
 
New Lease Standard Adjustments
 
As Adjusted
Cash Flows from Operating Activities:
 
 
 
 
 
Net cash provided by operating activities
$
5,080

 
$
(45
)
 
$
5,035

 
 
 


 
 
Cash Flows from Investing Activities:
 
 

 
 
Capital expenditures
(2,592
)
 
96

 
(2,496
)
 
 
 
 
 
 
Cash Flows from Financing Activities:
 
 
 
 
 
Proceeds from issuance of long-term debt
1,332

 
(91
)
 
1,241

Principal payments under finance leases
(98
)
 
41

 
(57
)

The table below presents the impact of the adoption of the New Lease Standard on select accounts and captions of UAL's statement of consolidated operations (in millions, except per share amounts):
 
Three Months Ended September 30, 2018
 
Nine Months Ended September 30, 2018
 
As Reported
 
New Lease Standard Adjustments
 
As Adjusted
 
As Reported
 
New Lease Standard Adjustments
 
As Adjusted
Regional capacity purchase
$
663

 
$
13

 
$
676

 
$
1,963

 
$
36

 
$
1,999

Landing fees and other rent
596

 
22

 
618

 
1,757

 
65

 
1,822

Depreciation and amortization
564

 
(19
)
 
545

 
1,662

 
(55
)
 
1,607

Interest expense
(187
)
 
15

 
(172
)
 
(540
)
 
43

 
(497
)
Interest capitalized
18

 
(2
)
 
16

 
51

 
(5
)
 
46

Net income
836

 
(3
)
 
833

 
1,667

 
(6
)
 
1,661

Earnings per share, basic
3.07

 
(0.01
)
 
3.06

 
6.02

 
(0.02
)
 
6.00

Earnings per share, diluted
3.06

 
(0.01
)
 
3.05

 
5.99

 
(0.01
)
 
5.98