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Fair Value Measurements and Other Investments (Tables)
 12 Months Ended
Dec. 31, 2021
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 December 31, 2021
 Total    Level 1    Level 2    Level 3    
Short-term investments (1), (2):
Money market funds$108 $108 $— $— 
Corporate obligations8,665 — 8,665 — 
Bank notes/certificates of deposit/time deposits2,195 — 2,195 — 
Repurchase agreements1,190 — 1,190 — 
12,158 108 12,050 — 
Restricted cash and short-term investments (1), (3)
990 654 336 — 
Long-term investments (4)
239 239 — — 
Total$13,387 $1,001 $12,386 $— 
 Fair Value Measurements as of December 31, 2020
 Total    Level 1    Level 2    Level 3    
Short-term investments (1):
Money market funds$247 $247 $— $— 
Corporate obligations3,449 — 3,449 — 
Bank notes/certificates of deposit/time deposits2,168 — 2,168 — 
Repurchase agreements755 — 755 — 
6,619 247 6,372 — 
Restricted cash and short-term investments (1), (3)
609 448 161 — 
Long-term investments (4)
161 161 — — 
Total$7,389 $856 $6,533 $— 
(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 as of December 31, 2021 mature in one year or less.
(3)Restricted cash and short-term investments primarily include collateral held to support workers' compensation obligations and money market funds to be used to finance a substantial portion of the cost of the renovation and expansion of the Terminal at JFK, and as of December 31, 2021, also include collateral associated with the payment of interest for the AAdvantage Financing.
(4)Long-term investments primarily include our equity investment in China Southern Airlines and as of December 31, 2021, our long-term investments also include Vertical. These investments are reflected in other assets on our consolidated balance sheets. See “Other Investments” below for further information on our equity investments.
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):
 December 31, 2021December 31, 2020
 Carrying
Value		Fair
Value		Carrying
Value		Fair
Value
Long-term debt, including current maturities$37,323 $38,567 $32,021 $30,454 
American Airlines, Inc.  
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 December 31, 2021
 TotalLevel 1Level 2Level 3
Short-term investments (1), (2):
Money market funds$106 $106 $— $— 
Corporate obligations8,665 — 8,665 — 
Bank notes/certificates of deposit/time deposits2,194 — 2,194 — 
Repurchase agreements1,190 — 1,190 — 
12,155 106 12,049 — 
Restricted cash and short-term investments (1), (3)
990 654 336 — 
Long-term investments (4)
239 239 — — 
Total$13,384 $999 $12,385 $— 
 Fair Value Measurements as of December 31, 2020
 TotalLevel 1Level 2Level 3
Short-term investments (1):
Money market funds$245 $245 $— $— 
Corporate obligations3,449 — 3,449 — 
Bank notes/certificates of deposit/time deposits2,168 — 2,168 — 
Repurchase agreements755 — 755 — 
6,617 245 6,372 — 
Restricted cash and short-term investments (1), (3)
609 448 161 — 
Long-term investments (4)
161 161 — — 
Total$7,387 $854 $6,533 $— 
(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 as of December 31, 2021 mature in one year or less.
(3)Restricted cash and short-term investments primarily include collateral held to support workers' compensation obligations and money market funds to be used to finance a substantial portion of the cost of the renovation and expansion of the Terminal at JFK, and as of December 31, 2021, also include collateral associated with the payment of interest for the AAdvantage Financing.
(4)Long-term investments primarily include American's equity investment in China Southern Airlines and as of December 31, 2021, American’s long-term investments also include Vertical. These investments are reflected in other assets on American’s consolidated balance sheets. See “Other Investments” below for further information on American’s equity investments.
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):
 December 31, 2021December 31, 2020
 Carrying
Value		Fair
Value		Carrying
Value		Fair
Value
Long-term debt, including current maturities$31,357 $32,999 $28,410 $27,193