Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 31, 2016

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):

							Deferred Taxes
UAL	Pension and Other Postretirement Liabilities		Derivative Contracts		Investments and Other		Pension and Other Postretirement Liabilities		Derivative Contracts			Total
Balance at December 31, 2015	$	(363)	$	(215)	$	3	$	(154)	$	(102)		$	(831)
Changes in value		(43)		(16)		—		16		6			(37)
Amounts reclassified to earnings		5		138		—		(2)		(50)			91
Net change		(38)		122		—		14		(44)			54
Balance at March 31, 2016	$	(401)	$	(93)	$	3	$	(140)	$	(146)		$	(777)
Balance at December 31, 2014	$	(472)	$	(499)	$	7	$	(115)	$	—	(b)	$	(1,079)
Changes in value (a)		(8)		(75)		15		—		—			(68)
Amounts reclassified to earnings (a)		10		161		(1)		—		—			170
Net change		2		86		14		—		—			102
Balance at March 31, 2015	$	(470)	$	(413)	$	21	$	(115)	$	—		$	(977)

Details about AOCI Components	Amount Reclassified from AOCI to Income				Affected Line Item in the Statements of Consolidated Operations
	Three Months Ended March 31,
	2016		2015
Derivatives designated as cash flow hedges
Fuel contracts-reclassifications of losses into earnings	$	138	$	161	Aircraft fuel
Amortization of pension and post-retirement items
Amortization of unrecognized losses and prior service cost (credit) (c)		5		10	Salaries and related costs
Investments and other
Available-for-sale securities-reclassifications of gains into earnings		—		(1)	Miscellaneous, net

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

(b) Deferred tax balance 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).