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Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2015
Equity [Abstract]  
Components of Comprehensive Income
The differences between Net income and Comprehensive income for the three and six months ended June 30, 2015 and 2014, were as follows:

 
Three months ended June 30,
(in millions)
2015
 
2014
NET INCOME
$
608

 
$
465

Unrealized gain on fuel derivative instruments, net of
  deferred taxes of $44 and $72
74

 
121

Unrealized gain on interest rate derivative instruments, net of
  deferred taxes of $2 and $-
4

 
—

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

 
2

Total other comprehensive income
$
78

 
$
123

COMPREHENSIVE INCOME
$
686

 
$
588


 
Six months ended June 30,
(in millions)
2015
 
2014
NET INCOME
$
1,061

 
$
617

Unrealized gain on fuel derivative instruments, net of
  deferred taxes of $43 and $64
71

 
109

Unrealized gain on interest rate derivative instruments, net of
  deferred taxes of $2 and $1
3

 
2

Other, net of deferred taxes of $- and $3
—

 
3

Total other comprehensive income
$
74

 
$
114

COMPREHENSIVE INCOME
$
1,135

 
$
731
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, 2015:
(in millions)
Fuel derivatives
 
Interest rate derivatives
 
Defined benefit plan items
 
Other
 
Deferred tax
 
Accumulated other
comprehensive income (loss)
Balance at March 31, 2015
$
(1,181
)
 
$
(46
)
 
$
41

 
$
8

 
$
436

 
$
(742
)
Changes in fair value
53

 
1

 
—

 
—

 
(20
)
 
34

Reclassification to earnings
65

 
5

 
—

 
—

 
(26
)
 
44

Balance at June 30, 2015
$
(1,063
)
 
$
(40
)
 
$
41

 
$
8

 
$
390

 
$
(664
)

(in millions)
Fuel derivatives
 
Interest rate derivatives
 
Defined benefit plan items
 
Other
 
Deferred tax
 
Accumulated other
comprehensive income (loss)
Balance at December 31, 2014
$
(1,177
)
 
$
(45
)
 
$
41

 
$
8

 
$
435

 
$
(738
)
Changes in fair value
(24
)
 
(5
)
 
—

 
—

 
10

 
(19
)
Reclassification to earnings
138

 
10

 
—

 
—

 
(55
)
 
93

Balance at June 30, 2015
$
(1,063
)
 
$
(40
)
 
$
41

 
$
8

 
$
390

 
$
(664
)
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, 2015:

Three months ended June 30, 2015
(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
 
$
65

 
Fuel and oil expense
 
 
24

 
Less: Tax Expense
 
 
$
41

 
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
 
$
44

 
Net of tax

Six months ended June 30, 2015
(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
 
$
138

 
Fuel and oil expense
 
 
51

 
Less: Tax Expense
 
 
$
87

 
Net of tax
Unrealized gain on interest rate derivative instruments
 
$
10

 
Interest expense
 
 
4

 
Less: Tax Expense
 
 
$
6

 
Net of tax
 
 
 
 
 
Total reclassifications for the period
 
$
93

 
Net of tax