Leases, Codification Topic 842 (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Schedule of Lease Assets

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

	December 31, 2021		December 31, 2020
Aircraft	$	782	$	750
CPA Aircraft	600		579
Airport and terminal facilities	16		16
Corporate real estate and other	55		55
Total Operating lease assets	$	1,453	$	1,400

Lease, Cost

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

	Classification	2021		2020		2019
Expense
Aircraft	Aircraft rent	$	174	$	215	$	246
CPA Aircraft	Aircraft rent	80		80		79
Airport and terminal facilities	Landing fees and other rentals	379		288		324
Corporate real estate and other	Landing fees and other rentals	21		19		19
Total lease expense		$	654	$	602	$	668
Revenue
Lease income	Cargo and other revenues	(16)		(14)		(13)
Net lease impact		$	638	$	588	$	655

Lessee, Operating Lease, Liability, Maturity

Future minimum lease payments under non-cancellable leases as of December 31, 2021 (in millions):

	Aircraft(a)		CPA Aircraft		Airport and Terminal Facilities		Corporate Real Estate and Other
2022	$	221	$	84	$	3	$	11
2023	158		84		2		9
2024	101		84		2		7
2025	95		84		2		4
2026	89		84		2		4
Thereafter	311		291		8		75
Total Lease Payments	$	975	$	711	$	19	$	110
Less: Imputed interest	(127)		(91)		(3)		(52)
Total	$	848	$	620	$	16	$	58

(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, 2021.

	Weighted Average IBR		Weighted Average Remaining Lease term
Aircraft	3.9	%	7.2
CPA Aircraft	3.3	%	8.6
Airports and terminal facilities	4.1	%	8.6
Corporate real estate and other	4.1	%	29.6