Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2017

Accumulated Other Comprehensive Income (Loss)

NOTE 3 - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

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		Fuel Derivative Contracts		Investments and Other		Pension and Other Postretirement Liabilities		Fuel Derivative Contracts		Investments and Other		Total
Balance at June 30, 2017	$	(860)	$	—	$	(16)	$	26	$	—	$	6	$	(844)
Changes in value		(9)		—		26		3		—		(9)		11
Amounts reclassified to earnings		14		—		—		(5)		—		—		9
Net change		5		—		26		(2)		—		(9)		20
Balance at September 30, 2017	$	(855)	$	—	$	10	$	24	$	—	$	(3)	$	(824)
Balance at December 31, 2016	$	(854)	$	(2)	$	1	$	24	$	1	$	1	$	(829)
Changes in value		(42)		—		9		15		—		(3)		(21)
Amounts reclassified to earnings		41		2		—		(15)		(1)		(1)		26
Net change		(1)		2		9		—		(1)		(4)		5
Balance at September 30, 2017	$	(855)	$	—	$	10	$	24	$	—	$	(3)	$	(824)
							Deferred Taxes
UAL	Pension and Other Postretirement Liabilities		Fuel Derivative Contracts		Investments and Other		Pension and Other Postretirement Liabilities		Fuel Derivative Contracts		Investments and Other		Total
Balance at June 30, 2016	$	(385)	$	(41)	$	3	$	(146)	$	(165)	$	—	$	(734)
Changes in value		(124)		(6)		1		45		2		(1)		(83)
Amounts reclassified to earnings		6		24		(2)		(2)		(8)		1		19
Net change		(118)		18		(1)		43		(6)		—		(64)
Balance at September 30, 2016	$	(503)	$	(23)	$	2	$	(103)	$	(171)	$	—	$	(798)
Balance at December 31, 2015	$	(363)	$	(215)	$	3	$	(154)	$	(102)	$	—	$	(831)
Changes in value		(157)		(5)		1		57		2		(1)		(103)
Amounts reclassified to earnings		17		197		(2)		(6)		(71)		1		136
Net change		(140)		192		(1)		51		(69)		—		33
Balance at September 30, 2016	$	(503)	$	(23)	$	2	$	(103)	$	(171)	$	—	$	(798)

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,
	2017		2016		2017		2016
Pension and other postretirement liabilities
Amortization of unrecognized losses and prior service cost (a)		$            14		$            6		$            41		$            17		Salaries and related costs
Fuel derivative contracts
Reclassifications of losses into earnings		—		24		2		197		Aircraft fuel
Investments and other
Reclassifications of gains into earnings		—		(2)		—		(2)		Miscellaneous, net

(a) 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).