Retirement Benefits (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Changes in Projected Benefit Obligations

The following table provides a reconciliation of the changes in the pension and retiree medical and other postretirement benefit obligations and fair value of assets for the years ended December 31, 2015 and 2014, and a statement of funded status as of December 31, 2015 and 2014 (in millions):

	Pension Benefits						Retiree Medical and Other Postretirement Benefits
	2015			2014			2015			2014
Reconciliation of benefit obligation:
Obligation at January 1	$	17,594		$	14,899		$	1,325		$	1,385
Service cost		2			3			3			1
Interest cost		737			746			50			61
Actuarial (gain) loss		(1,159	)		2,573			(177	)		(39	)
Plan amendments		—			—			—			33
Settlements		(3	)		(20	)		—			—
Benefit payments		(776	)		(607	)		(94	)		(112	)
Other		—			—			24			(4	)
Obligation at December 31	$	16,395		$	17,594		$	1,131		$	1,325

Schedule of Changes in Fair Value of Plan Assets

Reconciliation of fair value of plan assets:
Fair value of plan assets at January 1	$	10,986		$	10,057		$	244		$	239
Actual return on plan assets		(506	)		746			(10	)		11
Employer contributions		6			810			89			106
Settlements		(3	)		(20	)		—			—
Benefit payments		(776	)		(607	)		(94	)		(112	)
Other (1)		—			—			24			—
Fair value of plan assets at December 31		9,707			10,986			253			244
Funded status at December 31	$	(6,688	)	$	(6,608	)	$	(878	)	$	(1,081	)

Schedule of Amounts Recognized in Consolidated Balance Sheets

Amounts recognized in the consolidated balance sheets:
Current liability	$	7	$	10	$	109	$	117
Noncurrent liability (2)		6,681		6,598		769		964
	$	6,688	$	6,608	$	878	$	1,081

(1) At December 31, 2015, certain trust assets totaling approximately $24 million, were added to the retiree medical plan asset values that were previously offset against the benefit obligation.

(2) The 2015 noncurrent liability does not include $17 million of other postretirement benefits or $1 million of prior service costs. The 2014 noncurrent liability does not include $18 million of other postretirement benefits or $2 million of prior service costs.

Schedule of Amounts Recognized in Other Comprehensive Income

Amounts recognized in other comprehensive income:
Net actuarial loss (gain)	$	5,047	$	4,961	$	(339	)	$	(199	)
Prior service cost (benefit) (2)		216		245		(1,084	)		(1,326	)
	$	5,263	$	5,206	$	(1,423	)	$	(1,525	)

(1) At December 31, 2015, certain trust assets totaling approximately $24 million, were added to the retiree medical plan asset values that were previously offset against the benefit obligation.

(2) The 2015 noncurrent liability does not include $17 million of other postretirement benefits or $1 million of prior service costs. The 2014 noncurrent liability does not include $18 million of other postretirement benefits or $2 million of prior service costs.

Schedule of Accumulated Benefit Obligations Exceeding Fair Value of Plan Assets

	Pension Benefits				Retiree Medical and Other Postretirement Benefits
	2015		2014		2015		2014
For plans with accumulated benefit obligations exceeding the fair value of plan assets:
Projected benefit obligation (PBO)	$	16,369	$	17,560	$	—	$	—
Accumulated benefit obligation (ABO)		16,357		17,548		—		—
Accumulated postretirement benefit obligation (APBO)		—		—		1,129		1,324
Fair value of plan assets		9,677		10,950		253		244
ABO less fair value of plan assets		6,680		6,598		—		—

Components of Net Periodic Benefit Cost

The following tables provide the components of net periodic benefit cost (income) for the years ended December 31, 2015, 2014 and 2013 (in millions):

	Pension Benefits									Retiree Medical and Other Postretirement Benefits
	2015			2014			2013			2015			2014			2013
Defined benefit plans:
Service cost	$	2		$	3		$	3		$	3		$	1		$	—
Interest cost		737			746			654			50			61			50
Expected return on assets		(851	)		(786	)		(720	)		(19	)		(19	)		(16	)
Curtailments		—			—			2			—			—			—
Settlements		1			4			(1	)		—			—			—
Amortization of:
Prior service cost (benefit) (1)		28			28			28			(243	)		(244	)		(251	)
Unrecognized net loss (gain)		112			43			90			(9	)		(8	)		(9	)
Net periodic benefit cost (income) for defined benefit plans		29			38			56			(218	)		(209	)		(226	)
Defined contribution plans		662			546			328			N/A			N/A			N/A
	$	691		$	584		$	384		$	(218	)	$	(209	)	$	(226	)

⁽¹⁾ The 2015 prior service cost does not include amortization of $3 million related to other postretirement benefits. The 2014 prior service cost does not include amortization of $14 million related to other postretirement benefits.

Schedule of Assumption Used to Determine Benefit Obligations

	Pension Benefits						Retiree Medical and Other Postretirement Benefits
	2015			2014			2015			2014
Weighted-average assumptions used to determine benefit obligations as of December 31:
Discount rate		4.70	%		4.30	%		4.42	%		4.00	%
Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31:
Discount rate 1/1 – 12/31		4.30	%		5.10	%		4.00	%		4.74	%
Expected return on plan assets		8.00	%		8.00	%		8.00	%		8.00	%

Schedule of Allocation of Plan Assets

The current strategic target asset allocation is as follows:

Asset Class/Sub-Class	Allowed Range
Equity		62% - 72%
Public:
U.S. Value		20% - 35%
International Value		14% - 24%
Emerging Markets		5% - 11%
Alternative Investments		0% - 18%
Fixed Income		28% - 38%
U.S. Long Duration		26% - 36%
Emerging Markets		0% - 4%
Other		0% - 5%
Cash Equivalents		0% - 5%

Changes in Fair Value Measurements of Level 3 Investments

Changes in fair value measurements of Level 3 investments during the year ended December 31, 2015, were as follows (in millions):

	Private Equity Partnerships			Insurance Group Annuity Contracts
Beginning balance at December 31, 2014	$	818		$	2
Actual return on plan assets:
Relating to assets still held at the reporting date		(105	)		—
Relating to assets sold during the period		115			—
Purchases		145			—
Sales		(251	)		—
Ending balance at December 31, 2015	$	722		$	2

Changes in fair value measurements of Level 3 investments during the year ended December 31, 2014, were as follows (in millions):

	Private Equity Partnerships			Insurance Group Annuity Contracts
Beginning balance at December 31, 2013	$	848		$	2
Actual return on plan assets:
Relating to assets still held at the reporting date		(38	)		—
Relating to assets sold during the period		158			—
Purchases		148			—
Sales		(298	)		—
Ending balance at December 31, 2014	$	818		$	2

Schedule of Health Care Cost Trend Rates

	2015			2014
Assumed health care trend rates at December 31
Health care cost trend rate assumed for next year		5.21	%		5.25	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)		4.56	%		4.55	%
Year that the rate reaches the ultimate trend rate		2024			2023

Schedule of One Percentage Point Change in Assumed Health Care Cost Trend Rates

A one percentage point change in the assumed health care cost trend rates would have the following effects (in millions):

	1% Increase		1% Decrease
Impact on 2015 service and interest cost	$	3	$	(3	)
Impact on other postretirement benefits obligation as of December 31, 2015		61		(60	)

Schedule of Expected Future Service Benefit Payments

The following benefit payments, which reflect expected future service as appropriate, are expected to be paid (in millions):

	2016		2017		2018		2019		2020		2021-2025
Pension	$	662	$	690	$	725	$	764	$	805	$	4,642
Retiree medical and other postretirement benefits		109		104		99		90		84		353

Pension Benefits [Member]

Schedule of Allocation of Plan Assets

The fair value of the Company’s pension plan assets at December 31, 2015 and 2014, by asset category, are as follows (in millions):

	Fair Value Measurements as of December 31, 2015
	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Asset Category
Cash and cash equivalents	$	287		$	—	$	—	$	287
Equity securities:
International markets (a), (b)		2,873			—		—		2,873
Large-cap companies (b)		1,999			—		—		1,999
Mid-cap companies (b)		361			—		—		361
Small-cap companies (b)		18			—		—		18
Mutual funds (c)		47			—		—		47
Fixed income:
Corporate bonds (d)		—			2,204		—		2,204
Government Securities (e)		—			917		—		917
U.S. municipal securities		—			48		—		48
Alternative instruments:
Private equity partnerships (f)		—			—		722		722
Common/collective trusts and 103-12 Investment Trust (g)		—			219		—		219
Insurance group annuity contracts		—			—		2		2
Dividend and interest receivable		50			—		—		50
Due to/from brokers for sale of securities – net		23			—		—		23
Other assets – net		8			—		—		8
Other liabilities – net		(71	)		—		—		(71	)
Total	$	5,595		$	3,388	$	724	$	9,707

^a)  Holdings are diversified as follows: 16% United Kingdom, 12% Japan, 10% France, 7% Switzerland, 7% Netherlands, 6% Republic of Korea, 11% of other emerging markets and the remaining 31% with no concentration greater than 5% in any one country.

^b)  There are no significant concentrations of holdings by company or industry.

^c)  Investment includes mutual funds invested 40% in equity securities of large-cap, mid-cap and small-cap U.S. companies, 35% in U.S. treasuries and corporate bonds and 25% in equity securities of international companies.

^d) Includes approximately 74% investments in corporate debt with a Standard and Poor’s (S&P) rating lower than A and 26% investments in corporate debt with an S&P rating A or higher. Holdings include 82% U.S. companies, 16% international companies and 2% emerging market companies.

^e)  Includes approximately 75% investments in U.S. domestic government securities and 25% in emerging market government securities. There are no significant foreign currency risks within this classification.

^f)  Includes limited partnerships that invest primarily in U.S. (89%) and European (11%) buyout opportunities of a range of privately held companies. The pension plan’s master trust does not have the right to redeem its limited partnership investment at its net asset value, but rather receives distributions as the underlying assets are liquidated. It is estimated that the underlying assets of these funds will be gradually liquidated over the next one to ten years. Additionally, the pension plan’s master trust has future funding commitments of approximately $428 million over the next ten years.

^g)  Investment includes 73% in an emerging market 103-12 Investment Trust with investments in emerging country equity securities, 14% in Canadian segregated balanced value, income growth and diversified pooled funds and 13% in a common/collective trust investing in securities of smaller companies located outside the U.S., including developing markets. Requests for withdrawals must meet specific requirements with advance notice of redemption preferred.

	Fair Value Measurements as of December 31, 2014
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Asset Category
Cash and cash equivalents	$	332	$	—	$	—	$	332
Equity securities:
International markets (a), (b)		2,943		—		—		2,943
Large-cap companies (b)		2,488		—		—		2,488
Mid-cap companies (b)		362		—		—		362
Small-cap companies (b)		21		—		—		21
Mutual funds (c)		51		—		—		51
Fixed income:
Corporate bonds (d)		—		2,384		—		2,384
Government Securities (e)		—		1,184		—		1,184
U.S. municipal securities		—		65		—		65
Alternative instruments:
Private equity partnerships (f)		—		—		818		818
Common/collective trusts and 103-12 Investment Trust (g)		—		240		—		240
Insurance group annuity contracts		—		—		2		2
Dividend and interest receivable		52		—		—		52
Due to/from brokers for sale of securities – net		39		—		—		39
Other assets – net		5		—		—		5
Total	$	6,293	$	3,873	$	820	$	10,986

^a)  Holdings are diversified as follows: 18% United Kingdom, 11% Japan, 10% France, 7% Switzerland, 7% Netherlands, 6% Republic of Korea, 13% of other emerging markets and the remaining 28% with no concentration greater than 5% in any one country.

^b)  There are no significant concentrations of holdings by company or industry.

^c)  Investment includes mutual funds invested 46% in equity securities of large-cap, mid-cap and small-cap U.S. companies, 35% in U.S. treasuries and corporate bonds and 18% in equity securities of international companies.

^d)  Includes approximately 74% investments in corporate debt with an S&P rating lower than A and 26% investments in corporate debt with an S&P rating A or higher. Holdings include 81% U.S. companies, 16% international companies and 3% emerging market companies.

^e)  Includes approximately 73% investments in U.S. domestic government securities and 27% in emerging market government securities. There are no significant foreign currency risks within this classification.

^f)  Includes limited partnerships that invest primarily in U.S. (91%) and European (9%) buyout opportunities of a range of privately held companies. The pension plan’s master trust does not have the right to redeem its limited partnership investment at its net asset value, but rather receives distributions as the underlying assets are liquidated. It is estimated that the underlying assets of these funds will be gradually liquidated over the next one to ten years. Additionally, the pension plan’s master trust has future funding commitments of approximately $403 million over the next ten years.

^g)  Investment includes 74% in an emerging market 103-12 Investment Trust with investments in emerging country equity securities, 14% in Canadian segregated balanced value, income growth and diversified pooled funds and 12% in a common/collective trust investing in securities of smaller companies located outside the U.S., including developing markets. Requests for withdrawals must meet specific requirements with advance notice of redemption preferred.

Other Postretirement Benefit Plans [Member]

Schedule of Allocation of Plan Assets

The fair value of the Company’s other postretirement benefit plan assets at December 31, 2015 by asset category, were as follows (in millions):

	Fair Value Measurements as of December 31, 2015
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Asset Category
Money market fund	$	4	$	—	$	—	$	4
Mutual funds – Institutional Class		19		—	$	—	$	19
Mutual funds – AMR Class		—		230		—		230
Total	$	23	$	230	$	—	$	253

The fair value of the Company’s other postretirement benefit plan assets at December 31, 2014 by asset category, were as follows (in millions):

	Fair Value Measurements as of December 31, 2014
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Asset Category
Money market fund	$	2	$	—	$	—	$	2
Mutual funds – AMR Class		—		242		—		242
Total	$	2	$	242	$	—	$	244

American Airlines, Inc. [Member]

Schedule of Changes in Projected Benefit Obligations

The following table provides a reconciliation of the changes in the pension and retiree medical and other postretirement benefit obligations and fair value of assets for the years ended December 31, 2015 and 2014, and a statement of funded status as of December 31, 2015 and 2014 (in millions):

	Pension Benefits						Retiree Medical and Other Postretirement Benefits
	2015			2014			2015			2014
Reconciliation of benefit obligation:
Obligation at January 1	$	17,504		$	14,826		$	1,324		$	1,383
Service cost		2			2			3			1
Interest cost		733			742			50			61
Actuarial (gain) loss		(1,153	)		2,559			(178	)		(39	)
Plan amendments		—			—			—			33
Settlements		(3	)		(20	)		—			—
Benefit payments		(773	)		(605	)		(94	)		(111	)
Other		—			—			24			(4	)
Obligation at December 31	$	16,310		$	17,504		$	1,129		$	1,324

Schedule of Changes in Fair Value of Plan Assets

Reconciliation of fair value of plan assets:
Fair value of plan assets at January 1	$	10,935		$	10,009		$	244		$	239
Actual return on plan assets		(505	)		742			(10	)		11
Employer contributions		6			809			89			105
Settlements		(3	)		(20	)		—			—
Benefit payments		(773	)		(605	)		(94	)		(111	)
Other (1)		—			—			24			—
Fair value of plan assets at December 31		9,660			10,935			253			244
Funded status at December 31	$	(6,650	)	$	(6,569	)	$	(876	)	$	(1,080	)

⁽¹⁾ At December 31, 2015, certain trust assets totaling approximately $24 million, were added to the retiree medical plan asset values that were previously offset against the benefit obligation.

Schedule of Amounts Recognized in Consolidated Balance Sheets

Amounts recognized in the consolidated balance sheets:
Current liability	$	7	$	10	$	109	$	117
Noncurrent liability (2)		6,643		6,559		767		963
	$	6,650	$	6,569	$	876	$	1,080

⁽²⁾ The 2015 noncurrent liability does not include $17 million of other postretirement benefits or $1 million of prior service costs. The 2014 noncurrent liability does not include $18 million of other postretirement benefits or $2 million of prior service costs.

Schedule of Amounts Recognized in Other Comprehensive Income

Amounts recognized in other comprehensive income:
Net actuarial loss (gain)	$	5,036	$	4,949	$	(339	)	$	(199	)
Prior service cost (benefit) (2)		216		245		(1,084	)		(1,326	)
	$	5,252	$	5,194	$	(1,423	)	$	(1,525	)

⁽²⁾ The 2015 noncurrent liability does not include $17 million of other postretirement benefits or $1 million of prior service costs. The 2014 noncurrent liability does not include $18 million of other postretirement benefits or $2 million of prior service costs.

Schedule of Accumulated Benefit Obligations Exceeding Fair Value of Plan Assets

	Pension Benefits				Retiree Medical and Other Postretirement Benefits
	2015		2014		2015		2014
For plans with accumulated benefit obligations exceeding the fair value of plan assets:
Projected benefit obligation (PBO)	$	16,283	$	17,471	$	—	$	—
Accumulated benefit obligation (ABO)		16,272		17,461		—		—
Accumulated postretirement benefit obligation (APBO)		—		—		1,129		1,324
Fair value of plan assets		9,630		10,899		253		244
ABO less fair value of plan assets		6,642		6,562		—		—

Components of Net Periodic Benefit Cost

The following tables provide the components of net periodic benefit cost (income) for the years ended December 31, 2015, 2014 and 2013 (in millions):

	Pension Benefits									Retiree Medical and Other Postretirement Benefits
	2015			2014			2013			2015			2014			2013
Defined benefit plans:
Service cost	$	1		$	2		$	3		$	3		$	1		$	—
Interest cost		733			742			654			50			61			50
Expected return on assets		(848	)		(783	)		(720	)		(19	)		(19	)		(16	)
Curtailments		—			—			2			—			—			—
Settlements		1			4			(1	)		—			—			—
Amortization of:
Prior service cost (benefit) (1)		28			28			28			(243	)		(244	)		(251	)
Unrecognized net loss (gain)		111			43			90			(9	)		(8	)		(9	)
Net periodic benefit cost (income) for defined benefit plans		26			36			56			(218	)		(209	)		(226	)
Defined contribution plans		657			527			311			N/A			N/A			N/A
	$	683		$	563		$	367		$	(218	)	$	(209	)	$	(226	)

⁽¹⁾ The 2015 prior service cost does not include amortization of $3 million related to other postretirement benefits. The 2014 prior service cost does not include amortization of $14 million related to other postretirement benefits.

Schedule of Assumption Used to Determine Benefit Obligations

	Pension Benefits						Retiree Medical and Other Postretirement Benefits
	2015			2014			2015			2014
Weighted-average assumptions used to determine benefit obligations as of December 31:
Discount rate		4.70	%		4.30	%		4.42	%		4.00	%
Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31:
Discount rate 1/1 – 12/31		4.30	%		5.10	%		4.00	%		4.74	%
Expected return on plan assets		8.00	%		8.00	%		8.00	%		8.00	%

Schedule of Allocation of Plan Assets

The current strategic target asset allocation is as follows:

Asset Class/Sub-Class	Allowed Range
Equity		62% - 72%
Public:
U.S. Value		20% - 35%
International Value		14% - 24%
Emerging Markets		5% - 11%
Alternative Investments		0% - 18%
Fixed Income		28% - 38%
U.S. Long Duration		26% - 36%
Emerging Markets		0% - 4%
Other		0% - 5%
Cash Equivalents		0% - 5%

Changes in Fair Value Measurements of Level 3 Investments

Changes in fair value measurements of Level 3 investments during the year ended December 31, 2015, were as follows (in millions):

	Private Equity Partnerships			Insurance Group Annuity Contracts
Beginning balance at December 31, 2014	$	818		$	2
Actual return on plan assets:
Relating to assets still held at the reporting date		(105	)		—
Relating to assets sold during the period		115			—
Purchases		145			—
Sales		(251	)		—
Ending balance at December 31, 2015	$	722		$	2

Changes in fair value measurements of Level 3 investments during the year ended December 31, 2014, were as follows (in millions):

	Private Equity Partnerships			Insurance Group Annuity Contracts
Beginning balance at December 31, 2013	$	848		$	2
Actual return on plan assets:
Relating to assets still held at the reporting date		(38	)		—
Relating to assets sold during the period		158			—
Purchases		148			—
Sales		(298	)		—
Ending balance at December 31, 2014	$	818		$	2

Schedule of Health Care Cost Trend Rates

	2015			2014
Assumed health care trend rates at December 31
Health care cost trend rate assumed for next year		5.21	%		5.25	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)		4.56	%		4.55	%
Year that the rate reaches the ultimate trend rate		2024			2023

Schedule of One Percentage Point Change in Assumed Health Care Cost Trend Rates

A one percentage point change in the assumed health care cost trend rates would have the following effects (in millions):

	1% Increase		1% Decrease
Impact on 2015 service and interest cost	$	3	$	(3	)
Impact on other postretirement benefits obligation as of December 31, 2015		61		(60	)

Schedule of Expected Future Service Benefit Payments

The following benefit payments, which reflect expected future service as appropriate, are expected to be paid (in millions):

	2016		2017		2018		2019		2020		2021-2025
Pension	$	660	$	687	$	722	$	761	$	802	$	4,621
Retiree medical and other postretirement benefits		109		104		98		90		84		353

American Airlines, Inc. [Member] | Pension Benefits [Member]

Schedule of Allocation of Plan Assets

The fair value of American’s pension plan assets at December 31, 2015 and 2014, by asset category are as follows (in millions):

	Fair Value Measurements as of December 31, 2015
	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Asset Category
Cash and cash equivalents	$	287		$	—	$	—	$	287
Equity securities:
International markets (a), (b)		2,873			—		—		2,873
Large-cap companies (b)		1,999			—		—		1,999
Mid-cap companies (b)		361			—		—		361
Small-cap companies (b)		18			—		—		18
Fixed income:
Corporate bonds (c)		—			2,204		—		2,204
Government Securities (d)		—			917		—		917
U.S. municipal securities		—			48		—		48
Alternative instruments:
Private equity partnerships (e)		—			—		722		722
Common/collective trusts and 103-12 Investment Trust (f)		—			219		—		219
Insurance group annuity contracts		—			—		2		2
Dividend and interest receivable		50			—		—		50
Due to/from brokers for sale of securities – net		23			—		—		23
Other assets – net		8			—		—		8
Other liabilities – net		(71	)		—		—		(71	)
Total	$	5,548		$	3,388	$	724	$	9,660

^a)  Holdings are diversified as follows: 16% United Kingdom, 12% Japan, 10% France, 7% Switzerland, 7% Netherlands, 6% Republic of Korea, 11% of other emerging markets and the remaining 31% with no concentration greater than 5% in any one country.

^b)  There are no significant concentrations of holdings by company or industry.

^c)  Includes approximately 74% investments in corporate debt with a Standard and Poor’s (S&P) rating lower than A and 26% investments in corporate debt with an S&P rating A or higher. Holdings include 82% U.S. companies, 16% international companies and 2% emerging market companies.

^d)  Includes approximately 75% investments in U.S. domestic government securities and 25% in emerging market government securities. There are no significant foreign currency risks within this classification.

^e)  Includes limited partnerships that invest primarily in U.S. (89%) and European (11%) buyout opportunities of a range of privately held companies. The pension plan’s master trust does not have the right to redeem its limited partnership investment at its net asset value, but rather receives distributions as the underlying assets are liquidated. It is estimated that the underlying assets of these funds will be gradually liquidated over the next one to ten years. Additionally, the pension plan’s master trust has future funding commitments of approximately $428 million over the next ten years.

^f)  Investment includes 73% in an emerging market 103-12 Investment Trust with investments in emerging country equity securities, 14% in Canadian segregated balanced value, income growth and diversified pooled funds and 13% in a common/collective trust investing in securities of smaller companies located outside the U.S., including developing markets. Requests for withdrawals must meet specific requirements with advance notice of redemption preferred.

	Fair Value Measurements as of December 31, 2014
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Asset Category
Cash and cash equivalents	$	332	$	—	$	—	$	332
Equity securities:
International markets (a), (b)		2,943		—		—		2,943
Large-cap companies (b)		2,488		—		—		2,488
Mid-cap companies (b)		362		—		—		362
Small-cap companies (b)		21		—		—		21
Fixed income:
Corporate bonds (c)		—		2,384		—		2,384
Government Securities (d)		—		1,184		—		1,184
U.S. municipal securities		—		65		—		65
Alternative instruments:
Private equity partnerships (e)		—		—		818		818
Common/collective trusts and 103-12 Investment Trust (f)		—		240		—		240
Insurance group annuity contracts		—		—		2		2
Dividend and interest receivable		52		—		—		52
Due to/from brokers for sale of securities – net		39		—		—		39
Other assets – net		5		—		—		5
Total	$	6,242	$	3,873	$	820	$	10,935

^a)  Holdings are diversified as follows: 18% United Kingdom, 11% Japan, 10% France, 7% Switzerland, 7% Netherlands, 6% Republic of Korea, 13% of other emerging markets and the remaining 28% with no concentration greater than 5% in any one country.

^b)  There are no significant concentrations of holdings by company or industry.

^c)  Includes approximately 74% investments in corporate debt with an S&P rating lower than A and 26% investments in corporate debt with an S&P rating A or higher. Holdings include 81% U.S. companies, 16% international companies and 3% emerging market companies.

^d)  Includes approximately 73% investments in U.S. domestic government securities and 27% in emerging market government securities. There are no significant foreign currency risks within this classification.

^e)  Includes limited partnerships that invest primarily in U.S. (91%) and European (9%) buyout opportunities of a range of privately held companies. The pension plan’s master trust does not have the right to redeem its limited partnership investment at its net asset value, but rather receives distributions as the underlying assets are liquidated. It is estimated that the underlying assets of these funds will be gradually liquidated over the next one to ten years. Additionally, the pension plan’s master trust has future funding commitments of approximately $403 million over the next ten years.

^f)  Investment includes 74% in an emerging market 103-12 Investment Trust with investments in emerging country equity securities, 14% in Canadian segregated balanced value, income growth and diversified pooled funds and 12% in a common/collective trust investing in securities of smaller companies located outside the U.S., including developing markets. Requests for withdrawals must meet specific requirements with advance notice of redemption preferred.

American Airlines, Inc. [Member] | Other Postretirement Benefit Plans [Member]

Schedule of Allocation of Plan Assets

The fair value of American’s other postretirement benefit plan assets at December 31, 2015 by asset category, were as follows (in millions):

	Fair Value Measurements as of December 31, 2015
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Asset Category
Money market fund	$	4	$	—	$	—	$	4
Mutual funds – Institutional Class		19		—		—		19
Mutual funds – AMR Class		—		230		—		230
Total	$	23	$	230	$	—	$	253

The fair value of American’s other postretirement benefit plan assets at December 31, 2014 by asset category, were as follows (in millions):

	Fair Value Measurements as of December 31, 2014
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Asset Category
Money market fund	$	2	$	—	$	—	$	2
Mutual funds – AMR Class		—		242		—		242
Total	$	2	$	242	$	—	$	244