Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2018

Components of Accumulated Other Comprehensive Income, 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	Pension and Other Postretirement Liabilities		Investments and Other		Income Taxes		Total
Balance at December 31, 2017	$	(1,102)	$	(6)	$	(39)	$	(1,147)
Changes in value		23		(4)		(6)		13
Amounts reclassified to earnings		16		—		(3)		13
Amounts reclassified to retained earnings (a)		—		7		—		7
Net change		39		3		(9)		33
Balance at March 31, 2018	$	(1,063)	$	(3)	$	(48)	$	(1,114)
Balance at December 31, 2016	$	(854)	$	(1)	$	26	$	(829)
Changes in value		(26)		—		10		(16)
Amounts reclassified to earnings		13		2		(6)		9
Net change		(13)		2		4		(7)
Balance at March 31, 2017	$	(867)	$	1	$	30	$	(836)

(a) This amount represents the unrealized loss on the Company’s investment in Azul, S.A. (“Azul”) which was previously classified as an available-for-sale security.