Comprehensive income includes changes in the fair value of certain financial derivative instruments that qualify for hedge accounting and actuarial gains/losses arising from the Company’s postretirement benefit obligation. The differences between Net income and Comprehensive income for the three and nine months ended September 30, 2024 and 2023 were as follows:


	Three months ended September 30,
(in millions)	2024		2023
NET INCOME	$	67	$	193
Unrealized gain (loss) on fuel derivative instruments, net of deferred taxes of ($14) and $41	(50)		135

Other, net of deferred taxes of $— and $2	2		8
Total other comprehensive income (loss)	$	(48)	$	143
COMPREHENSIVE INCOME	$	19	$	336


	Nine months ended September 30,
(in millions)	2024		2023
NET INCOME	$	204	$	717
Unrealized loss on fuel derivative instruments, net of deferred taxes of ($12) and ($45)	(42)		(150)

Other, net of deferred taxes of $1 and $6	5		7
Total other comprehensive loss	$	(37)	$	(143)
COMPREHENSIVE INCOME	$	167	$	574

A rollforward of the amounts included in AOCI, net of taxes, is shown below for the three and nine months ended September 30, 2024:


(in millions)	Fuel derivatives		Defined benefit plan items		Other		Deferred tax impact		Accumulated other comprehensive income (loss)
Balance at June 30, 2024	$	(125)	$	149	$	(11)	$	(2)	$	11
Changes in fair value	(79)		—		—		18		(61)
Reclassification to earnings	15		—		2		(4)		13
Balance at September 30, 2024	$	(189)	$	149	$	(9)	$	12	$	(37)


(in millions)	Fuel derivatives		Defined benefit plan items		Other		Deferred tax impact		Accumulated other comprehensive income (loss)
Balance at December 31, 2023	$	(135)	$	149	$	(15)	$	1	$	—

Changes in fair value	(108)		—		—		25		(83)
Reclassification to earnings	54		—		6		(14)		46
Balance at September 30, 2024	$	(189)	$	149	$	(9)	$	12	$	(37)

The following tables illustrate the significant amounts reclassified out of each component of AOCI for the three and nine months ended September 30, 2024:


Three months ended September 30, 2024

(in millions)	Amounts reclassified from AOCI		Affected line item in the unaudited Condensed Consolidated Statement of Comprehensive Income
AOCI components
Unrealized loss on fuel derivative instruments	$	15	Fuel and oil expense

	4		Less: Tax expense
	$	11	Net of tax
Other	$	2	Other operating expenses
	—		Less: Tax expense
	$	2	Net of tax







Total reclassifications for the period	$	13	Net of tax


Nine months ended September 30, 2024

(in millions)	Amounts reclassified from AOCI		Affected line item in the unaudited Condensed Consolidated Statement of Comprehensive Income
AOCI components
Unrealized loss on fuel derivative instruments	$	54	Fuel and oil expense

	13		Less: Tax expense
	$	41	Net of tax
Other	$	6	Other operating expenses
	1		Less: Tax expense
	$	5	Net of tax

Total reclassifications for the period	$	46	Net of tax