EMPLOYEE BENEFIT PLANS (Tables)

6 Months Ended

Jun. 30, 2012

Components Of Net Periodic Benefit Cost

The Company’s net periodic benefit cost includes the following components (in millions):

	Pension Benefits						Other Postretirement Benefits
	Three Months Ended June 30,						Three Months Ended June 30,
	2012			2011			2012			2011
UAL
Service cost	$	25		$	23		$	13		$	12
Interest cost		46			45			32			32
Expected return on plan assets		(35	)		(35	)		(1	)		—
Amortization of unrecognized (gain) loss and prior service cost		6			(7	)		(1	)		(1	)
Net periodic benefit costs	$	42		$	26		$	43		$	43
United
Service cost	$	2		$	2		$	9		$	8
Interest cost		2			3			28			28
Expected return on plan assets		(3	)		(3	)		(1	)		—
Amortization of unrecognized gain and prior service cost		—			(1	)		(1	)		—
Net periodic benefit costs	$	1		$	1		$	35		$	36
Continental
Service cost	$	23		$	21		$	4		$	4
Interest cost		44			42			4			4
Expected return on plan assets		(32	)		(32	)		—			—
Amortization of unrecognized (gain) loss and prior service cost		6			(6	)		—			(1	)
Net periodic benefit costs	$	41		$	25		$	8		$	7

	Pension Benefits						Other Postretirement Benefits
	Six Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
UAL
Service cost	$	50		$	44		$	26		$	24
Interest cost		92			89			63			63
Expected return on plan assets		(70	)		(69	)		(2	)		(1	)
Amortization of unrecognized (gain) loss and prior service cost		11			(12	)		(2	)		(1	)
Net periodic benefit costs	$	83		$	52		$	85		$	85
United
Service cost	$	4		$	3		$	18		$	17
Interest cost		4			5			55			56
Expected return on plan assets		(6	)		(5	)		(2	)		(1	)
Amortization of unrecognized gain and prior service cost		—			(1	)		(2	)		—
Net periodic benefit costs	$	2		$	2		$	69		$	72
Continental
Service cost	$	46		$	41		$	8		$	7
Interest cost		88			84			8			7
Expected return on plan assets		(64	)		(64	)		—			—
Amortization of unrecognized (gain) loss and prior service cost		11			(11	)		—			(1	)
Net periodic benefit costs	$	81		$	50		$	16		$	13

Share-Based Compensation Expense

The table below presents information related to share-based compensation (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Share-based compensation expense (a)	$	11	$	14	$	26	$	27

	June 30, 2012		December 31, 2011
Unrecognized share-based compensation expense	$	47	$	43

(a) Includes $3 million and $7 million of expense recognized in integration-related costs for the three and six months ended June 30, 2012, respectively. Includes $6 million and $9 million of expense recognized in integration-related costs for the three and six months ended June 30, 2011, respectively.