Debt (Tables)

9 Months Ended

Sep. 30, 2018

Long-term debt and capital lease obligations included in the condensed consolidated balance sheets consisted of (in millions):



	September 30, 2018		December 31, 2017
Secured
2013 Credit Facilities, variable interest rate of 3.98%, installments through 2025	$	1,825	$	1,825
2014 Credit Facilities, variable interest rate of 4.13%, installments through 2021	1,228		728
April 2016 Credit Facilities, variable interest rate of 4.24%, installments through 2023	980		990
December 2016 Credit Facilities, variable interest rate of 4.16%, installments through 2023	1,238		1,238
Aircraft enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 3.00% to 9.75%, averaging 4.24%, maturing from 2018 to 2029	11,884		11,881
Equipment loans and other notes payable, fixed and variable interest rates ranging from 2.18% to 8.48%, averaging 4.00%, maturing from 2018 to 2029	5,078		5,259
Special facility revenue bonds, fixed interest rates ranging from 5.00% to 8.00%, maturing from 2019 to 2035	815		857
Other secured obligations, fixed interest rates ranging from 3.81% to 12.24%, maturing from 2021 to 2028	711		773
	23,759		23,551
Unsecured
5.50% senior notes, interest only payments until due in 2019	750		750
4.625% senior notes, interest only payments until due in 2020	500		500
6.125% senior notes, interest only payments until due in 2018	—		500
	1,250		1,750
Total long-term debt and capital lease obligations	25,009		25,301
Less: Total unamortized debt discount, premium and issuance costs	242		236
Less: Current maturities	2,493		2,554
Long-term debt and capital lease obligations, net of current maturities	$	22,274	$	22,511

The table below shows the maximum availability under revolving credit facilities, all of which were undrawn, as of September 30, 2018 (in millions):

Certain information regarding the 2017-2 EETC equipment notes as of September 30, 2018 is set forth in the table below.



	2017-2 EETCs
	Series AA	Series A	Series B
Aggregate principal issued	$545 million	$252 million	$221 million
Fixed interest rate per annum	3.35%	3.60%	3.70%
Maturity date	October 2029	October 2029	October 2025

Certain information regarding the 2012-2 Class C(R) EETC equipment notes as of September 30, 2018 is set forth in the table below.



	2012-2C(R) EETCs
	Series C(R)
Aggregate principal issued	$100 million
Fixed interest rate per annum	4.70%
Maturity date	June 2021

Long-term debt and capital lease obligations included in the condensed consolidated balance sheets consisted of (in millions):



	September 30, 2018		December 31, 2017
Secured
2013 Credit Facilities, variable interest rate of 3.98%, installments through 2025	$	1,825	$	1,825
2014 Credit Facilities, variable interest rate of 4.13%, installments through 2021	1,228		728
April 2016 Credit Facilities, variable interest rate of 4.24%, installments through 2023	980		990
December 2016 Credit Facilities, variable interest rate of 4.16%, installments through 2023	1,238		1,238
Aircraft enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 3.00% to 9.75%, averaging 4.24%, maturing from 2018 to 2029	11,884		11,881
Equipment loans and other notes payable, fixed and variable interest rates ranging from 2.18% to 8.48%, averaging 4.00%, maturing from 2018 to 2029	5,078		5,259
Special facility revenue bonds, fixed interest rates ranging from 5.00% to 5.50%, maturing from 2019 to 2035	786		828
Other secured obligations, fixed interest rates ranging from 3.81% to 12.24%, maturing from 2021 to 2028	711		772
Total long-term debt and capital lease obligations	23,730		23,521
Less: Total unamortized debt discount, premium and issuance costs	238		227
Less: Current maturities	2,497		2,058
Long-term debt and capital lease obligations, net of current maturities	$	20,995	$	21,236

The table below shows the maximum availability under revolving credit facilities, all of which were undrawn, as of September 30, 2018 (in millions):

Certain information regarding the 2012-2 Class C(R) EETC equipment notes as of September 30, 2018 is set forth in the table below.



	2012-2C(R) EETCs
	Series C(R)
Aggregate principal issued	$100 million
Fixed interest rate per annum	4.70%
Maturity date	June 2021

Certain information regarding the 2017-2 EETC equipment notes as of September 30, 2018 is set forth in the table below.



	2017-2 EETCs
	Series AA	Series A	Series B
Aggregate principal issued	$545 million	$252 million	$221 million
Fixed interest rate per annum	3.35%	3.60%	3.70%
Maturity date	October 2029	October 2029	October 2025