Financial Instruments And Risk Management (Tables)

12 Months Ended

Dec. 31, 2012

Debt Instrument [Line Items]

Effect Of Cash Flow Hedges On Financial Statements

The impact of cash flow hedges on the Company’s consolidated financial statements for the years ending December 31, 2012 and 2011, respectively, is depicted below (in millions):

Fair Value of Aircraft Fuel Derivative Instruments (all cash flow hedges)
Asset Derivatives as of December 31,						Liability Derivatives as of December 31,
2012			2011			2012			2011
Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Fuel derivative contracts	$	65	Fuel derivative contracts	$	97	Accrued liabilities	$	—	Accrued liabilities	$	2

Effect Of Derivative Instruments On Statements Of Operations

Effect of Aircraft Fuel Derivative Instruments on Statements of Operations (all cash flow hedges)

Amount of Gain (Loss) Recognized in OCI on Derivative1				Location of Gain (Loss) Reclassified from Accumulated OCI into Income 1	Amount of Gain (Loss) Reclassified from Accumulated OCI into Income  1					Location of Gain (Loss) Recognized in Income on Derivative 2	Amount of Gain (Loss) Recognized in Income on Derivative 2
2012		2011			2012			2011			2012			2011
$	12	$	190	Aircraft Fuel	$	(3	)	$	313	Aircraft Fuel	$	(1	)	$	28

¹ Effective portion of gain (loss)

² Ineffective portion of gain (loss)

Summary Of Carrying Value And Estimated Fair Values Of Long-Term Debt

The carrying value and estimated fair values of the Company’s long-term debt, including current maturities, not classified as subject to compromise, were (in millions):

	December 31, 2012				December 31, 2011
	Carrying Value		Fair Value		Carrying Value		Fair Value
Secured variable and fixed rate indebtedness	$	3,297	$	3,143	$	2,952	$	2,647
Enhanced equipment trust certificates	1,741		1,811		1,942		1,927
6.0% - 8.5% special facility revenue bonds	1,313		1,308		1,436		1,230
7.50% senior secured notes	1,000		1,074		1,000		711
AAdvantage Miles advance purchase	772		779		890		902
6.25% senior convertible notes	—		—		—		—
9.0% - 10.20% debentures	—		—		—		—
7.88% - 10.55% notes	—		—		—		—
	$	8,123	$	8,115	$	8,220	$	7,417

The carrying value and estimated fair value of the Company’s long-term debt, including current maturities, classified as subject to compromise, were (in millions):

	December 31, 2012				December 31, 2011
	Carrying Value		Fair Value		Carrying Value		Fair Value
Secured variable and fixed rate indebtedness	$	172	$	154	$	1,456	$	1,123
Enhanced equipment trust certificates	—		—		—		—
6.0% - 8.5% special facility revenue bonds	186		186		186		37
7.50% senior secured notes	—		—		—		—
AAdvantage Miles advance purchase	—		—		—		—
6.25% senior convertible notes	460		400		460		101
9.0% - 10.20% debentures	214		112		214		46
7.88% - 10.55% notes	166		33		166		34
	$	1,198	$	885	$	2,482	$	1,341