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SUPPLEMENTAL FINANCIAL INFORMATION
 12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SUPPLEMENTAL FINANCIAL INFORMATION SUPPLEMENTAL FINANCIAL INFORMATION
 
(in millions)December 31, 2024December 31, 2023
Trade receivables$47 $104 
Credit card receivables143 200 
Business partners and other suppliers573 501 
Taxes receivable11 35 
Fuel hedging and receivables1 12 
Reinsurance receivable168 145 
Other167 157 
Accounts and other receivables$1,110 $1,154 

(in millions)December 31, 2024December 31, 2023
Derivative contracts$90 $102 
Intangible assets, net300 296 
Equity securities 367 280 
Prepaid maintenance 263 258 
Other61 28 
Other assets$1,081 $964 

(in millions)December 31, 2024December 31, 2023
Accounts payable trade$339 $265 
Salaries, withholdings and payroll taxes 536 400 
Ticket taxes and fees 318 302 
Aircraft maintenance payable33 140 
Fuel payable86 161 
Dividends payable107 107 
Third party services 176 269 
Other payable223 218 
Accounts payable$1,818 $1,862 
(in millions)December 31, 2024December 31, 2023
Voluntary Separation Program$48 $65 
Profitsharing and savings plans151 141 
Vacation pay657 516 
Health192 163 
Workers compensation178 133 
Property and income taxes53 63 
Interest23 34 
Bonus and incentive pay (a)208 2,022 
Reinsurance payable249 190 
Aircraft maintenance92 26 
Other355 253 
Accrued liabilities$2,206 $3,606 

(in millions)December 31, 2024December 31, 2023
Voluntary Separation Program$20 $61 
Postretirement obligation256 269 
Other deferred compensation412 358 
Other221 293 
Other noncurrent liabilities$909 $981 
(a) Balance as of December 31, 2023 primarily consists of contract labor ratification bonuses and/or accruals. Also includes non-contract incentive pay. Approximately $1.9 billion was paid in the year ended December 31, 2024 to Pilots, Flight Attendants, and Ramp, Operations, Provisioning, and Cargo Agents as bonuses upon the ratification of the labor contract agreements with the Southwest Airlines Pilots Association ("SWAPA"), Transport Workers of America Union Local 556 ("TWU 556"), and the Transport Workers Union Local 555 ("TWU 555"), respectively.

For further information on fuel derivative and interest rate derivative contracts, see Note 10.

Other Operating Expenses

Other operating expenses consist of aircraft rentals, distribution costs, advertising expenses, personnel expenses, professional fees, certain technology-related costs, and other operating costs, none of which individually exceed 10 percent of Total operating expenses.