Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2014

Components of Accumulated Other Comprehensive Income (Loss), Net of Tax

The tables below present the components of the Company’s accumulated other comprehensive income (loss) (“AOCI”), net of tax (in millions):

UAL (a)	Pension and Other Postretirement Unrecognized Actuarial Gains (Losses) and Prior Service Cost			Unrealized Gains  (Losses) on Derivatives		Investments and Other		Total
Balance at December 31, 2011	$	(312)		$	(100)	$	(5)	$	(417)
Other comprehensive loss before reclassifications		(747)	(b)		(51)		11		(787)
Amounts reclassified from accumulated other comprehensive income		17			141		—		158
Net current-period other comprehensive income (loss)		(730)			90		11		(629)
Balance at December 31, 2012	$	(1,042)		$	(10)	$	6	$	(1,046)
Other comprehensive income before reclassifications		1,584	(b)		39		7		1,630
Amounts reclassified from accumulated other comprehensive income		42			(18)		—		24
Net current-period other comprehensive income (loss)		1,626			21		7		1,654
Balance at December 31, 2013	$	584		$	11	$	13	$	608
Other comprehensive income before reclassifications		(1,106)	(b)		(599)		—		(1,705)
Amounts reclassified from accumulated other comprehensive income		(65)			89		(6)		18
Net current-period other comprehensive income (loss)		(1,171)			(510)		(6)		(1,687)
Balance at December 31, 2014	$	(587)		$	(499)	$	7	$	(1,079)

Details about AOCI Components	Amount Reclassified from AOCI to Income						Affected Line Item in the Statement Where Net Income is Presented
	Year Ended December 31,
	2014		2013		2012
Derivatives designated as cash flow hedges
Fuel contracts-reclassifications of (gains) losses into earnings (c)	$	89	$	(18)	$	141	Aircraft fuel
Amortization of pension and post-retirement items
Amortization of unrecognized (gains) losses and prior service cost and the effect of curtailments and settlements (c) (d)		(65)		42		17	Salaries and related costs
Investments and other
Available for sale securities—reclassifications of gains into earnings (c)		(6)		—		—	Miscellaneous, net

(a) UAL and United amounts are substantially the same except for an additional $6 million of income tax benefit at United in 2013. In addition, United had additional gains related to investments and other of $1 million in both 2012 and 2013.

(b) For 2014, prior service credits increased by $3 million and actuarial losses increased by approximately $1.1 billion. For 2013, prior service credits increased by $331 million and actuarial gains increased by approximately $1.3 billion. The amount for 2012 was not material.

(c) Income tax expense for these items was offset by the Company’s valuation allowance.

(d) This accumulated other comprehensive income component is included in the computation of net periodic pension and other postretirement costs (see Note 8 of this report for additional information).