XML 134 R55.htm IDEA: XBRL DOCUMENT v3.25.0.1
FINANCING ACTIVITIES - Narrative (Details)
3 Months Ended 12 Months Ended
Dec. 31, 2024
USD ($)
May 01, 2020
USD ($)
$ / shares
Feb. 28, 1997
USD ($)
Jun. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Jan. 01, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Jul. 31, 2020
USD ($)
Jun. 08, 2020
USD ($)
May 04, 2020
USD ($)
Feb. 29, 2020
USD ($)
Nov. 30, 2017
USD ($)
Nov. 30, 2016
USD ($)
Debt Instrument [Line Items]                                
Stockholders' equity attributable to parent $ 10,350,000,000       $ 10,350,000,000 $ 10,515,000,000 $ 10,687,000,000   $ 10,414,000,000              
Long-term debt 6,697,000,000       6,697,000,000                      
Payments for repurchased common stock warrants       $ 6,000,000 6,000,000 0 0                  
Minimum level of liquidity required 1,500,000,000       1,500,000,000                      
Outstanding letters of credit 377,000,000       377,000,000                      
Net book value of assets pledged as collateral for the Company's secured borrowings, primarily aircraft and engines 0       0                      
Revolving Credit Facility                                
Debt Instrument [Line Items]                                
Credit outstanding 0       0 0                    
Capital in excess of par value                                
Debt Instrument [Line Items]                                
Stockholders' equity attributable to parent $ 4,199,000,000       $ 4,199,000,000 4,153,000,000 4,037,000,000   4,224,000,000              
Cumulative Effect, Period of Adoption, Adjustment                                
Debt Instrument [Line Items]                                
Stockholders' equity attributable to parent                 (245,000,000)              
Cumulative Effect, Period of Adoption, Adjustment | Capital in excess of par value                                
Debt Instrument [Line Items]                                
Stockholders' equity attributable to parent                 $ (300,000,000)              
Convertible Notes                                
Debt Instrument [Line Items]                                
Term (in years)         5 years                      
Effective interest rate (as a percent) 1.90%       1.90%                      
Convertible Notes | Accounting Standards Update 2020-06                                
Debt Instrument [Line Items]                                
Long-term debt               $ 300,000,000                
Convertible Notes | Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2020-06 | Capital in excess of par value                                
Debt Instrument [Line Items]                                
Stockholders' equity attributable to parent               $ 300,000,000                
Line of Credit                                
Debt Instrument [Line Items]                                
Maximum borrowing capacity $ 1,000,000,000       $ 1,000,000,000                      
Total 5.125 Notes due 2027 | Unsecured Debt                                
Debt Instrument [Line Items]                                
Long term debt                   $ 2,000,000,000            
5.125 Unsecured Notes due 2027                                
Debt Instrument [Line Items]                                
Face amount of debt                       $ 1,300,000,000        
5.125% Notes | Unsecured Debt                                
Debt Instrument [Line Items]                                
Long term debt $ 1,727,000,000       $ 1,727,000,000 1,727,000,000         $ 700,000,000          
Interest rate stated in the debt agreement (as a percent) 5.125%       5.125%         5.125%            
Early prepayments made on debt             272,000,000                  
5.25% Notes due 2025                                
Debt Instrument [Line Items]                                
Face amount of debt                   $ 1,550,000,000     $ 1,250,000,000      
5.25% Notes due 2025 | Unsecured Debt                                
Debt Instrument [Line Items]                                
Long term debt $ 0       $ 0 1,302,000,000         $ 300,000,000          
Interest rate stated in the debt agreement (as a percent) 5.25%       5.25%         5.25%            
Early prepayments made on debt             $ 248,000,000                  
2.625% Notes                                
Debt Instrument [Line Items]                                
Face amount of debt                           $ 500,000,000    
Interest rate stated in the debt agreement (as a percent)                           2.625%    
2.625% Notes | Unsecured Debt                                
Debt Instrument [Line Items]                                
Long term debt $ 500,000,000       $ 500,000,000 500,000,000                    
Interest rate stated in the debt agreement (as a percent) 2.625%       2.625%                      
Unsecured Senior Notes Due 2027 - 3.45%                                
Debt Instrument [Line Items]                                
Face amount of debt                             $ 300,000,000  
Interest rate stated in the debt agreement (as a percent)                             3.45%  
Unsecured Senior Notes Due 2027 - 3.45% | Treasury Rate                                
Debt Instrument [Line Items]                                
Spread on variable rate (as a percent)     0.20%                          
3.00% Notes                                
Debt Instrument [Line Items]                                
Face amount of debt                               $ 300,000,000
Interest rate stated in the debt agreement (as a percent)                               3.00%
3.00% Notes | Unsecured Debt                                
Debt Instrument [Line Items]                                
Long term debt $ 300,000,000       $ 300,000,000 300,000,000                    
Interest rate stated in the debt agreement (as a percent) 3.00%       3.00%                      
7.375% Debentures                                
Debt Instrument [Line Items]                                
Face amount of debt     $ 100,000,000                          
Interest rate stated in the debt agreement (as a percent)     7.375%                          
7.375% Debentures | Unsecured Debt                                
Debt Instrument [Line Items]                                
Long term debt $ 107,000,000       $ 107,000,000 111,000,000                    
Interest rate stated in the debt agreement (as a percent) 7.375%       7.375%                      
1.25% Convertible Notes                                
Debt Instrument [Line Items]                                
Conversion ratio (in shares) 0.0273384 0.0259909                            
Initial conversion price (in USD per share) | $ / shares   $ 38.48                            
If-converted value exceeded principal amount         $ 130,000,000                      
1.25% Convertible Notes | Convertible Notes                                
Debt Instrument [Line Items]                                
Long term debt $ 1,611,000,000       $ 1,611,000,000 $ 1,611,000,000                    
Face amount of debt   $ 2,300,000,000                            
Interest rate stated in the debt agreement (as a percent) 1.25% 1.25%     1.25%                      
Amended 364-Day Term Loan Credit Facility                                
Debt Instrument [Line Items]                                
Interest rate stated in the debt agreement (as a percent) 1.00%       1.00%                      
Amended 364-Day Term Loan Credit Facility | Minimum                                
Debt Instrument [Line Items]                                
Interest rate stated in the debt agreement (as a percent) 1.00%       1.00%                      
Amended 364-Day Term Loan Credit Facility | Secured Overnight Financing Rate (SOFR)                                
Debt Instrument [Line Items]                                
Interest rate stated in the debt agreement (as a percent) 0.10%       0.10%                      
Amended 364-Day Term Loan Credit Facility | New York Fed Bank Rate                                
Debt Instrument [Line Items]                                
Interest rate stated in the debt agreement (as a percent) 0.50%       0.50%                      
Amended 364-Day Term Loan Credit Facility | Base Rate | Minimum                                
Debt Instrument [Line Items]                                
Interest rate stated in the debt agreement (as a percent) 1.00%       1.00%