Employee Benefit Plans

6 Months Ended

Jun. 30, 2023

Defined Benefit Plan Disclosure [Line Items]

Employee Benefit Plans

Employee Benefit Plans

The following table provides the components of net periodic benefit cost (income) (in millions):

	Pension Benefits				Retiree Medical and Other Postretirement Benefits
Three Months Ended June 30,	2023		2022		2023		2022
Service cost	$	—	$	1	$	3	$	3
Interest cost	190		139		12		7
Expected return on assets	(229)		(285)		(3)		(3)
Amortization of:
Prior service cost (benefit)	7		7		(3)		(3)
Unrecognized net loss (gain)	27		38		(9)		(6)
Net periodic benefit income	$	(5)	$	(100)	$	—	$	(2)
	Pension Benefits				Retiree Medical and Other Postretirement Benefits
Six Months Ended June 30,	2023		2022		2023		2022
Service cost	$	1	$	2	$	6	$	7
Interest cost	380		277		24		15
Expected return on assets	(459)		(569)		(5)		(6)
Amortization of:
Prior service cost (benefit)	14		14		(6)		(7)
Unrecognized net loss (gain)	54		77		(18)		(12)
Net periodic benefit cost (income)	$	(10)	$	(199)	$	1	$	(3)

Effective November 1, 2012, substantially all of our defined benefit pension plans were frozen.

The service cost component of net periodic benefit cost (income) is included in operating expenses and the other components of net periodic benefit cost (income) are included in nonoperating other income (expense), net in the condensed consolidated statements of operations.

During the first six months of 2023, we made required contributions of $68 million to our defined benefit pension plans.

American Airlines, Inc.

Defined Benefit Plan Disclosure [Line Items]

Employee Benefit Plans

Employee Benefit Plans

The following table provides the components of net periodic benefit cost (income) (in millions):

	Pension Benefits				Retiree Medical and Other Postretirement Benefits
Three Months Ended June 30,	2023		2022		2023		2022
Service cost	$	—	$	1	$	3	$	3
Interest cost	189		138		12		7
Expected return on assets	(228)		(283)		(3)		(3)
Amortization of:
Prior service cost (benefit)	7		7		(3)		(3)
Unrecognized net loss (gain)	27		38		(9)		(6)
Net periodic benefit income	$	(5)	$	(99)	$	—	$	(2)
	Pension Benefits				Retiree Medical and Other Postretirement Benefits
Six Months Ended June 30,	2023		2022		2023		2022
Service cost	$	1	$	2	$	6	$	7
Interest cost	378		275		24		15
Expected return on assets	(457)		(567)		(5)		(6)
Amortization of:
Prior service cost (benefit)	14		14		(6)		(7)
Unrecognized net loss (gain)	54		77		(18)		(12)
Net periodic benefit cost (income)	$	(10)	$	(199)	$	1	$	(3)

Effective November 1, 2012, substantially all of American’s defined benefit pension plans were frozen.

The service cost component of net periodic benefit cost (income) is included in operating expenses and the other components of net periodic benefit cost (income) are included in nonoperating other income (expense), net in the condensed consolidated statements of operations.

During the first six months of 2023, American made required contributions of $67 million to its defined benefit pension plans.