Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2015

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), net of tax (“AOCI”) (in millions):

UAL (a)	Pension and Other Postretirement Liabilities		Derivative Contracts		Investments and Other		Total
Balance at March 31, 2015	$	(585)	$	(413)	$	21	$	(977)
Changes in value		20		29		(10)		39
Amounts reclassified to earnings		8		118		—		126
Net change		28		147		(10)		165
Balance at June 30, 2015	$	(557)	$	(266)	$	11	$	(812)
Balance at December 31, 2014	$	(587)	$	(499)	$	7	$	(1,079)
Changes in value		12		(46)		5		(29)
Amounts reclassified to earnings		18		279		(1)		296
Net change		30		233		4		267
Balance at June 30, 2015	$	(557)	$	(266)	$	11	$	(812)
UAL (a)	Pension and Other Postretirement Liabilities		Derivative Contracts		Investments and Other		Total
Balance at March 31, 2014	$	563	$	4	$	13	$	580
Changes in value		—		31		1		32
Amounts reclassified to earnings		(18)		1		(6)		(23)
Net change		(18)		32		(5)		9
Balance at June 30, 2014	$	545	$	36	$	8	$	589
Balance at December 31, 2013	$	584	$	11	$	13	$	608
Changes in value		(5)		21		1		17
Amounts reclassified to earnings		(34)		4		(6)		(36)
Net change		(39)		25		(5)		(19)
Balance at June 30, 2014	$	545	$	36	$	8	$	589

Details about AOCI Components	Amount Reclassified from AOCI to Income								Affected Line Item in the  Statements of Consolidated Operations
	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Derivatives designated as cash flow hedges
Fuel contracts-reclassifications of (gains) losses into earnings (b)	$	118	$	1	$	279	$	4	Aircraft fuel
Amortization of pension and post-retirement items
Amortization of unrecognized (gains) losses and prior service cost (credit) (b) (c)	$	8	$	(18)	$	18	$	(34)	Salaries and related costs
Investments and other
Available for sale securities-reclassifications of gains into earnings (b)	$	—	$	(6)	$	(1)	$	(6)	Miscellaneous, net

(a) UAL and United amounts are substantially the same except for additional gains (losses) related to investments and other of $1 million at United for the three and six months ended June 30, 2015 and $(1) million at United for the three months ended June 30, 2014.

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

(c) This AOCI component is included in the computation of net periodic pension and other postretirement costs (see Note 5 of this report for additional information).