XML 84 R30.htm IDEA: XBRL DOCUMENT

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Summary of Assets Measured at Fair Value on Recurring Basis

Assets measured at fair value on a recurring basis are summarized below (in millions):



	Fair Value Measurements as of March 31, 2020
	Total		Level 1		Level 2		Level 3
Short-term investments ^{(1), (2)}:
Money market funds	$	239	$	239	$	—	$	—
Bank notes/certificates of deposit/time deposits	2,048		—		2,048		—
Corporate obligations	815		—		815		—
	3,102		239		2,863		—
Restricted cash and short-term investments ⁽¹⁾	157		12		145		—
Long-term investments ⁽³⁾	122		122		—		—
Total	$	3,381	$	373	$	3,008	$	—


⁽¹⁾	All short-term investments are classified as available-for-sale and stated at fair value. Unrealized gains and losses are recorded in accumulated other comprehensive loss at each reporting period. There were no credit losses.


⁽²⁾	Our short-term investments mature in one year or less except for $823 million of bank notes/certificates of deposit/time deposits and $115 million of corporate obligations.

⁽³⁾

Long-term investments primarily include our equity investment in China Southern Airlines, in which we presently own a 2.2% equity interest, and are classified in other assets on the condensed consolidated balance sheet.

Schedule of Carrying Value and Estimated Fair Value of Long-Term Debt, Including Current Maturities

The carrying value and estimated fair value of our long-term debt, including current maturities, were as follows (in millions):



	March 31, 2020				December 31, 2019
	Carrying Value		Fair Value		Carrying Value		Fair Value
Long-term debt, including current maturities	$	24,448	$	21,377	$	23,645	$	24,508

American Airlines, Inc. [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Summary of Assets Measured at Fair Value on Recurring Basis

Assets measured at fair value on a recurring basis are summarized below (in millions):



	Fair Value Measurements as of March 31, 2020
	Total		Level 1		Level 2		Level 3
Short-term investments ^(1), (2):
Money market funds	$	237	$	237	$	—	$	—
Bank notes/certificates of deposit/time deposits	2,048		—		2,048		—
Corporate obligations	815		—		815		—
	3,100		237		2,863		—
Restricted cash and short-term investments ⁽¹⁾	157		12		145		—
Long-term investments ⁽³⁾	122		122		—		—
Total	$	3,379	$	371	$	3,008	$	—


⁽¹⁾	All short-term investments are classified as available-for-sale and stated at fair value. Unrealized gains and losses are recorded in accumulated other comprehensive loss at each reporting period. There were no credit losses.


⁽²⁾	American’s short-term investments mature in one year or less except for $823 million of bank notes/certificates of deposit/time deposits and $115 million of corporate obligations.

⁽³⁾

Long-term investments primarily include American's equity investment in China Southern Airlines, in which American presently owns a 2.2% equity interest, and are classified in other assets on the condensed consolidated balance sheet.

Schedule of Carrying Value and Estimated Fair Value of Long-Term Debt, Including Current Maturities

The carrying value and estimated fair value of American’s long-term debt, including current maturities, were as follows (in millions):



	March 31, 2020				December 31, 2019
	Carrying Value		Fair Value		Carrying Value		Fair Value
Long-term debt, including current maturities	$	23,181	$	20,398	$	22,372	$	23,196