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Leases and Capacity Purchase Agreements (Tables)
12 Months Ended
Dec. 31, 2014
Future Minimum Lease Payments for Capital and Operating Leases

At December 31, 2014, United’s scheduled future minimum lease payments under operating leases having initial or remaining noncancelable lease terms of more than one year, aircraft leases, including aircraft rent under CPAs and capital leases (substantially all of which are for aircraft) were as follows (in millions):

 

     Capital Leases (a)      Facility and Other
Operating Leases (b)
     Aircraft Operating
Leases (c)
 

  2015

    $ 168         $ 1,283         $ 1,446    

  2016

     154          1,123          1,247    

  2017

     115          1,089          1,147    

  2018

     104          842          908    

  2019

     38          766          682    

  After 2019

     495          7,919          1,910    
  

 

 

    

 

 

    

 

 

 

  Minimum lease payments

    $ 1,074         $ 13,022         $ 7,340    
  

 

 

    

 

 

    

 

 

 

Imputed interest

     (393)         
  

 

 

       

Present value of minimum lease payments

     681          

Current portion

     (110)         
  

 

 

       

Long-term obligations under capital leases

    $ 571          
    

 

 

       
Future Lease Payment Under Terms of Capacity Purchase Agreement

Based on these assumptions as of December 31, 2014, our future payments through the end of the terms of our CPAs are presented in the table below (in millions):

 

2015

    $ 1,893    

2016

     1,760    

2017

     1,653    

2018

     1,301    

2019

     973    

After 2019

     3,497    
  

 

 

 
    $         11,077