ACQUISITION OF VIRGIN AMERICA INC. (Tables)

9 Months Ended

Sep. 30, 2017

Business Acquisition [Line Items]

Fair Value of Assets Acquired and Liabilities Assumed

Fair values of the assets acquired and the liabilities assumed as of the acquisition date of December 14, 2016, at September 30, 2017 and December 31, 2016 were as follows (in millions):

	September 30, 2017			December 31, 2016
Cash and cash equivalents	$	645		$	645
Receivables	54			44
Prepaid expenses and other current assets	18			16
Property and equipment—provisional	561			560
Intangible assets—provisional	141			143
Goodwill—provisional	1,934			1,934
Other assets	89			84
Total assets	3,442			3,426
Accounts payable	22			22
Accrued wages, vacation and payroll taxes	54			51
Air traffic liabilities	172			172
Other accrued liabilities—provisional	197			196
Current portion of long-term debt	125			125
Long-term debt, net of current portion	360			360
Deferred income taxes—provisional	(307		)	(304		)
Deferred revenue	126			126
Other liabilities—provisional	97			82
Total liabilities	846			830
Total purchase price	$	2,596		$	2,596