Financial Instruments And Risk Management (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

The impact of aircraft fuel derivative instruments (all cash flow hedges) on the Company’s condensed consolidated statements of operations is depicted below (in millions):



	Location in condensed consolidated statements of operations	Three Months Ended March 31,
	Location in condensed consolidated statements of operations	2014			2013
Amount of gain (loss) reclassified from accumulated OCI into income ⁽¹⁾	Aircraft fuel and related taxes	$	(7	)	$	1
Amount of gain (loss) recognized in income on derivative ⁽²⁾	Aircraft fuel and related taxes	5			7
Amount of gain (loss) recognized in condensed consolidated statements of operations ⁽³⁾	Aircraft fuel and related taxes	$	(2	)	$	8

⁽¹⁾ Includes the effective portion of hedge gain (loss)

⁽²⁾ Includes the ineffective portion of hedge gain (loss)

⁽³⁾ Includes the effective and ineffective portion of hedge gain (loss)

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The impact of aircraft fuel derivative instruments (all cash flow hedges) on the Company’s condensed consolidated statements of comprehensive income (loss) is depicted below (in millions):



	Location	Three Months Ended March 31,
	Location	2014			2013
Amount of (gain) loss reclassified from accumulated OCI into income ⁽¹⁾	Reclassification into earnings	$	7		$	(1	)
Amount of gain (loss) recognized in OCI on derivative ⁽¹⁾	Change in fair value	(57		)	(13		)
Amount of gain (loss) recognized in condensed consolidated statements of comprehensive income		$	(50	)	$	(14	)

⁽¹⁾ Includes the effective portion of hedge gain (loss)

Derivatives Offsetting Disclosures

The impact of aircraft fuel derivative instruments (all cash flow hedges) on the Company's condensed consolidated balance sheets, and the impact of offsetting aircraft fuel derivative instruments, is depicted below (in millions):



	March 31, 2014		December 31, 2013
Gross asset ⁽¹⁾	$	50	$	109
Gross liability ⁽²⁾	—		—
Net recognized asset (liability) in condensed consolidated balance sheet	50		109

Gross asset (liability) offset in condensed consolidated balance sheet:
Financial instruments	—		—
Cash collateral received (posted) ⁽³⁾	—		—
Net amount	$	50	$	109


⁽¹⁾	Fuel derivative assets are included in prepaid expenses and other on the accompanying condensed consolidated balance sheets.


⁽²⁾	Fuel derivative liabilities are included in accrued liabilities on the accompanying condensed consolidated balance sheets.


⁽³⁾	As of March 31, 2014, the Company had no posted cash collateral.

AA [Member]

Derivative [Line Items]

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

The impact of aircraft fuel derivative instruments (all cash flow hedges) on American's condensed consolidated statements of operations is depicted below (in millions):



	Location in condensed consolidated statements of operations	Three Months Ended March 31,
	Location in condensed consolidated statements of operations	2014			2013
Amount of gain (loss) reclassified from accumulated OCI into income ⁽¹⁾	Aircraft fuel and related taxes	$	(7	)	$	1
Amount of gain (loss) recognized in income on derivative⁽²⁾	Aircraft fuel and related taxes	5			7
Amount of gain (loss) recognized in condensed consolidated statements of operations ⁽³⁾	Aircraft fuel and related taxes	$	(2	)	$	8

⁽¹⁾ Includes the effective portion of hedge gain (loss)

⁽²⁾ Includes the ineffective portion of hedge gain (loss)

⁽³⁾ Includes the effective and ineffective portion of hedge gain (loss)

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The impact of aircraft fuel derivative instruments (all cash flow hedges) on American's condensed consolidated statements of comprehensive income is depicted below (in millions):



	Location	Three Months Ended March 31,
	Location	2014			2013
Amount of (gain) loss reclassified from accumulated OCI into income ⁽¹⁾	Reclassification into earnings	$	7		$	(1	)
Amount of gain (loss) recognized in OCI on derivative ⁽¹⁾	Change in fair value	(57		)	(13		)
Amount of gain (loss) recognized in condensed consolidated statements of comprehensive income		$	(50	)	$	(14	)

⁽¹⁾ Includes the effective portion of hedge gain (loss)

Derivatives Offsetting Disclosures

The impact of aircraft fuel derivative instruments (all cash flow hedges) on American's condensed consolidated balance sheets, and the impact of offsetting aircraft fuel derivative instruments, is depicted below (in millions):



	March 31, 2014		December 31, 2013
Gross asset ⁽¹⁾	$	50	$	109
Gross liability ⁽²⁾	—		—
Net recognized asset (liability) in condensed consolidated balance sheet	50		109

Gross asset (liability) offset in condensed consolidated balance sheet:
Financial instruments	—		—
Cash collateral received (posted) ⁽³⁾	—		—
Net amount	$	50	$	109


⁽¹⁾	Fuel derivative assets are included in prepaid expenses and other on the accompanying condensed consolidated balance sheets.


⁽²⁾	Fuel derivative liabilities are included in accrued liabilities on the accompanying condensed consolidated balance sheets.


⁽³⁾	As of March 31, 2014, American had no posted cash collateral.