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Financial Instruments And Risk Management (Tables)
 6 Months Ended
Jun. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Effect Of Cash Flow Hedges On Financial Statements
The impact of cash flow hedges on the Company’s Condensed Consolidated Financial Statements is depicted below (in millions):
Fair Value of Aircraft Fuel Derivative Instruments (all cash flow hedges)
Asset Derivatives as of
 
Liability Derivatives as of
June 30, 2013
 
December 31, 2012
 
June 30, 2013
 
December 31, 2012
Balance
Sheet
Location
 
Fair
Value
 
Balance
Sheet
Location
 
Fair
Value
 
Balance
Sheet
Location
 
Fair
Value
 
Balance
Sheet
Location
 
Fair Value
Fuel derivative contracts
 
$
21

 
Fuel derivative contracts
 
$
65

 
Accrued liabilities
 
$
16

 
Accrued liabilities
 
$
—
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 Derivative 1
as of June 30
 
Location of Gain
(Loss) Reclassified
from Accumulated
OCI into Income 1
 
Amount of Gain (Loss)
Reclassified from
Accumulated OCI into
Income 1 for the
six months ended
June 30,
 
Location of Gain
(Loss) Recognized in
Income on
Derivative 2
 
Amount of Gain
(Loss) Recognized in
Income on Derivative 2 for the six months ended
June 30,
2013
 
2012
 
 
 
2013
 
2012
 
 
 
2013
 
2012
$
(70
)
 
$
(56
)
 
Aircraft Fuel
 
$
(12
)
 
$
25

 
Aircraft Fuel
 
$
(11
)
 
$
(5
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amount of Gain
(Loss) Recognized in
OCI on Derivative 1
for the quarter ended
June 30,
 
Location of Gain
(Loss) Reclassified
from Accumulated
OCI into Income 1
 
Amount of Gain (Loss)
Reclassified from
Accumulated OCI into
Income 1 for the quarter
ended June 30,
 
Location of Gain
(Loss) Recognized in
Income on
Derivative 2
 
Amount of Gain
(Loss) Recognized in
Income on Derivative 2 for the quarter
ended June 30,
2013
 
2012
 
 
 
2013
 
2012
 
 
 
2013
 
2012
$
(56
)
 
$
(104
)
 
Aircraft Fuel
 
$
(13
)
 
$
(1
)
 
Aircraft Fuel
 
$
(18
)
 
$
(8
)

1. 
Effective portion of gain (loss)
2. 
Ineffective portion of gain (loss)
Derivatives Offsetting Disclosures
As of June 30, 2013:
 
 
 
 
Gross asset (liability) not offset in Balance Sheet
 
 
Gross asset (liability)
Gross asset (liability) offset in Balance Sheet
Net recognized asset (liability) in Balance Sheet
Financial Instruments
Cash Collateral Received (Posted)
Net Amount
Fuel derivatives
$
21

$
16

$
5

$
—

$
—

$
5

As of December 31, 2012:
 
 
 
 
Gross asset (liability) not offset in Balance Sheet
 
 
Gross asset (liability)
Gross asset (liability) offset in Balance Sheet
Net recognized asset (liability) in Balance Sheet
Financial Instruments
Cash Collateral Received (Posted)
Net Amount
Fuel derivatives
$
65

$
—

$
65

$
—

$
—

$
65