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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income $ 741 $ 733 $ 1,128 $ 1,195
Adjustments to reconcile net income to cash provided by (used in) operating activities:        
Depreciation and amortization 302 292 598 569
Unrealized/realized gains on fuel derivative instruments 0 (4) 0 (11)
Deferred income taxes 36 131 50 203
Changes in certain assets and liabilities:        
Accounts and other receivables 18 (81) (204) (96)
Other assets 86 (35) 115 (213)
Accounts payable and accrued liabilities (89) 420 (346) (80)
Air traffic liability (30) 100 914 966
Other liabilities (54) 0 (123) 0
Cash collateral received from (provided to) derivative counterparties (15) 75 0 140
Other, net (29) 0 (61) (41)
Net cash provided by operating activities 966 1,631 2,071 2,632
CASH FLOWS FROM INVESTING ACTIVITIES:        
Capital expenditures (230) (521) (390) (929)
Assets constructed for others 0 (17) 0 (41)
Purchases of short-term investments (550) (730) (800) (930)
Proceeds from sales of short-term and other investments 528 574 1,103 1,134
Net cash used in investing activities (252) (694) (87) (766)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from Employee stock plans 10 9 20 17
Reimbursement for assets constructed for others 0 17 0 157
Payments of long-term debt and finance lease obligations (75) (75) (175) (157)
Payments of cash dividends (98) (93) (276) (240)
Repayment of construction obligation 0 (7) 0 (15)
Repurchase of common stock (450) (500) (950) (1,000)
Other, net 1 4 (11) (9)
Net cash used in financing activities (612) (645) (1,392) (1,247)
NET CHANGE IN CASH AND CASH EQUIVALENTS 102 292 592 619
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 2,344 1,822 1,854 1,495
CASH AND CASH EQUIVALENTS AT END OF PERIOD 2,446 2,114 2,446 2,114
CASH PAYMENTS FOR:        
Interest, net of amount capitalized 33 34 48 52
Income taxes 314 170 318 174
SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS        
Flight equipment under finance leases 0 0 0 14
Assets constructed for others $ 24 $ 40 $ 45 $ 80