Leases, Codification Topic 842 (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Schedule of Lease Assets

Operating lease assets balance by asset class was as follows (in millions):

	December 31, 2020		December 31, 2019
Aircraft	$	750	$	1,049
CPA Aircraft	579		596
Airport and terminal facilities	16		18
Corporate real estate and other	55		48
Total Operating lease assets	$	1,400	$	1,711

Lease, Cost

The impact of leases, including variable lease cost, was as follows (in millions):

	Classification	2020		2019
Expense
Aircraft	Aircraft rent	$	215	$	246
CPA Aircraft	Aircraft rent	80		79
Airport and terminal facilities	Landing fees and other rentals	288		324
Corporate real estate and other	Landing fees and other rentals	19		19
Total lease expense		$	602	$	668
Revenue
Lease income	Cargo and other revenues	(14)		(13)
Net lease impact		$	588	$	655

Lessee, Operating Lease, Liability, Maturity

Future minimum lease payments under non-cancellable leases as of December 31, 2020 (in millions):

	Aircraft(a)		CPA Aircraft		Airport and Terminal Facilities		Corporate Real Estate and Other
2021	$	244	$	84	$	2	$	8
2022	195		84		2		7
2023	135		84		2		7
2024	83		84		2		6
2025	76		84		2		4
Thereafter	257		261		9		78
Total Lease Payments	$	990	$	681	$	19	$	110
Less: Imputed interest	(114)		(71)		(3)		(54)
Total	$	876	$	610	$	16	$	56

(a)

Weighted Average Lease Assumptions

The weighted average IBR and weighted average remaining lease term (in years) for all asset classes were as follows at December 31, 2020.

	Weighted Average IBR		Weighted Average Remaining Lease term
Aircraft	3.9	%	6.4
CPA Aircraft	2.7	%	8.2
Airports and terminal facilities	4.1	%	9.3
Corporate real estate and other	4.1	%	31.6