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Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2014
Equity [Abstract]  
Components of Comprehensive Income
The differences between Net income and Comprehensive income for the three and six months ended June 30, 2014 and 2013 were as follows:

 
Three months ended June 30,
(in millions)
2014
 
2013
NET INCOME
$
465

 
$
224

Unrealized gain (loss) on fuel derivative instruments, net of
  deferred taxes of $72 and ($90)
121

 
(152
)
Unrealized gain on interest rate derivative instruments, net of
  deferred taxes of $- and $9
—

 
15

Other, net of deferred taxes of $1 and $-
2

 
—

Total other comprehensive income (loss)
$
123

 
$
(137
)
COMPREHENSIVE INCOME
$
588

 
$
87


 
Six months ended June 30,
(in millions)
2014
 
2013
NET INCOME
$
617

 
$
283

Unrealized gain (loss) on fuel derivative instruments, net of
  deferred taxes of $64 and ($91)
109

 
(155
)
Unrealized gain on interest rate derivative instruments, net of
  deferred taxes of $1 and $15
2

 
23

Other, net of deferred taxes of $3 and $2
3

 
3

Total other comprehensive income (loss)
$
114

 
$
(129
)
COMPREHENSIVE INCOME
$
731


$
154
Rollforward of the Amounts Included in AOCI, Net of Taxes
A rollforward of the amounts included in AOCI, net of taxes, is shown below for the three and six months ended June 30, 2014:

(in millions)
Fuel derivatives
 
Interest rate derivatives
 
Defined benefit plan items
 
Other
 
Deferred tax
 
Accumulated other
comprehensive income (loss)
Balance at March 31, 2014
$
(40
)
 
$
(55
)
 
$
65

 
$
11

 
$
7

 
$
(12
)
Changes in fair value
195

 
(5
)
 
—

 
3

 
(72
)
 
121

Reclassification to earnings
(2
)
 
5

 
—

 
—

 
(1
)
 
2

Balance at June 30, 2014
$
153

 
$
(55
)
 
$
65

 
$
14

 
$
(66
)
 
$
111



(in millions)
Fuel derivatives
 
Interest rate derivatives
 
Defined benefit plan items
 
Other
 
Deferred tax
 
Accumulated other
comprehensive income (loss)
Balance at December 31, 2013
$
(20
)
 
$
(58
)
 
$
65

 
$
8

 
$
2

 
$
(3
)
Changes in fair value
175

 
(8
)
 
—

 
6

 
(65
)
 
108

Reclassification to earnings
(2
)
 
11

 
—

 
—

 
(3
)
 
6

Balance at June 30, 2014
$
153

 
$
(55
)
 
$
65

 
$
14

 
$
(66
)
 
$
111
Reclassification out of Accumulated Other Comprehensive Income
The following tables illustrate the significant amounts reclassified out of each component of AOCI for the three and six months ended June 30, 2014:

Three months ended June 30, 2014
(in millions)
 
Amounts reclassified from AOCI
 
Affected line item in the unaudited Condensed Consolidated Statement of Comprehensive Income
AOCI components
 
 
Unrealized gain on fuel derivative instruments
 
$
(2
)
 
Fuel and oil expense
 
 
(1
)
 
Less: Tax Expense
 
 
$
(1
)
 
Net of tax
Unrealized gain on interest rate derivative instruments
 
$
5

 
Interest expense
 
 
2

 
Less: Tax Expense
 
 
$
3

 
Net of tax
 
 
 
 
 
Total reclassifications for the period
 
$
2

 
Net of tax

Six months ended June 30, 2014
(in millions)
 
Amounts reclassified from AOCI
 
Affected line item in the unaudited Condensed Consolidated Statement of Comprehensive Income
AOCI components
 
 
Unrealized gain on fuel derivative instruments
 
$
(2
)
 
Fuel and oil expense
 
 
(1
)
 
Less: Tax Expense
 
 
$
(1
)
 
Net of tax
Unrealized gain on interest rate derivative instruments
 
$
11

 
Interest expense
 
 
4

 
Less: Tax Expense
 
 
$
7

 
Net of tax
 
 
 
 
 
Total reclassifications for the period
 
$
6

 
Net of tax