Leases, Codification Topic 842 (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Schedule of Lease Assets

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

	December 31, 2022		December 31, 2021
Aircraft	$	701	$	782
CPA Aircraft	683		600
Airport and terminal facilities	21		16
Corporate real estate and other	66		55
Total Operating Lease Assets	$	1,471	$	1,453

Lease, Cost

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

	Classification	2022		2021		2020
Expense
Aircraft(a)	Aircraft rent	$	191	$	174	$	215
CPA Aircraft	Aircraft rent	100		80		80
Airport and terminal facilities	Landing fees and other rentals	384		379		288
Corporate real estate and other	Landing fees and other rentals	33		21		19
Total lease expense		$	708	$	654	$	602
Revenue
Lease income	Cargo and other revenue	(15)		(16)		(14)
Net lease impact		$	693	$	638	$	588

(a)Aircraft lease expense for the year ended December 31, 2022 does not include the portion of aircraft rent that was accelerated due to the fleet transition decision and recorded within the Special items - fleet transition and other line within the consolidated statement of operations. Refer to Note 2 to the consolidated financial statements for additional information.

Lessee, Operating Lease, Liability, Maturity

Future minimum lease payments under non-cancellable leases as of December 31, 2022 (in millions):

	Aircraft(a)		CPA Aircraft		Airport and Terminal Facilities		Corporate Real Estate and Other
2023	$	173	$	112	$	3	$	17
2024	118		112		3		7
2025	113		112		3		6
2026	110		112		3		6
2027	106		112		3		5
Thereafter	356		385		10		88
Total Lease Payments(b)	$	976	$	945	$	25	$	129
Less: Imputed interest	(156)		(238)		(4)		(61)
Total	$	820	$	707	$	21	$	68

(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, 2022.

	Weighted Average IBR		Weighted Average Remaining Lease term
Aircraft	4.4	%	7.9
CPA Aircraft	7.0	%	8.8
Airports and terminal facilities	4.4	%	7.9
Corporate real estate and other	4.7	%	27.5