Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 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 (a)	Pension and Other Postretirement Liabilities		Fuel Derivative Contracts		Investments and Other		Pension and Other Postretirement Liabilities		Fuel Derivative Contracts			Total
Balance at June 30, 2016	$	(385)	$	(41)	$	3	$	(146)	$	(165)		$	(734)
Changes in value		(124)		(6)		(2)		45		2			(85)
Amounts reclassified to earnings		6		24		1		(2)		(8)			21
Net change		(118)		18		(1)		43		(6)			(64)
Balance at September 30, 2016	$	(503)	$	(23)	$	2	$	(103)	$	(171)	(b)	$	(798)
Balance at December 31, 2015	$	(363)	$	(215)	$	3	$	(154)	$	(102)		$	(831)
Changes in value		(157)		(5)		(2)		57		2			(105)
Amounts reclassified to earnings		17		197		1		(6)		(71)			138
Net change		(140)		192		(1)		51		(69)			33
Balance at September 30, 2016	$	(503)	$	(23)	$	2	$	(103)	$	(171)	(b)	$	(798)
							Deferred Taxes
UAL (a)	Pension and Other Postretirement Liabilities		Fuel Derivative Contracts		Investments and Other		Pension and Other Postretirement Liabilities		Fuel Derivative Contracts			Total
Balance at June 30, 2015	$	(442)	$	(266)	$	11	$	(115)	$	—	(c)	$	(812)
Changes in value		(10)		(181)		(6)		(1)		82			(116)
Amounts reclassified to earnings		8		150		—		(9)		(155)			(6)
Net change		(2)		(31)		(6)		(10)		(73)			(122)
Balance at September 30, 2015	$	(444)	$	(297)	$	5	$	(125)	$	(73)		$	(934)
Balance at December 31, 2014	$	(472)	$	(499)	$	7	$	(115)	$	—	(c)	$	(1,079)
Changes in value		3		(227)		(1)		(1)		82			(144)
Amounts reclassified to earnings		25		429		(1)		(9)		(155)			289
Net change		28		202		(2)		(10)		(73)			145
Balance at September 30, 2015	$	(444)	$	(297)	$	5	$	(125)	$	(73)		$	(934)

Details about AOCI Components	Amount Reclassified from AOCI to Income								Affected Line Item in the Statements of Consolidated  Operations
	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Fuel derivative contracts
Reclassifications of losses into earnings		$        24		$        150		$        197		$        429		Aircraft fuel
Pension and other postretirement liabilities
Amortization of unrecognized losses and prior service cost (credit) (d)		6		8		17		25		Salaries and related costs
Investments and other
Available-for-sale securities-reclassifications of gains into earnings		1		—		1		(1)		Miscellaneous, net

(a) UAL and United amounts are substantially the same except for an additional gain related to investments and other of $1 million at United for the nine months ended September 30, 2015.

(b) Includes deferred income tax expense of $180 million that will remain in AOCI until all fuel derivatives which are designated for hedge accounting are settled.

(c) Deferred tax balance was offset by the Company’s valuation allowance.

(d) 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).