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Derivative Activities (Tables)
12 Months Ended
Dec. 31, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The table below contains a summary of all derivative positions reported in the Consolidated Financial Statements, presented gross of any master netting arrangements (in millions):
Fair Value of Derivative Instruments
Asset Derivatives
 
 
Successor
 
 
 
 
December 31,
2012
 
December 31,
2011
 
Balance Sheet
Location
Asset derivatives designated as hedging instruments under ASC 815-20
 
 
 
 
 
 
Fuel Contracts
 
$

 
$
24

 
Other current assets
Total asset derivatives designated as hedging instruments under ASC 815-20
 
$

 
$
24

 
 
Total asset derivatives
 
$

 
$
24

 
 
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The Effects of Derivative Instruments Gains and Losses for the Year Ended December 31, 2012 (Successor),
the Year Ended December 31, 2011 (Successor), the Period February 13 – December 31, 2010 (Successor)
and the Period January 1 – February 12, 2010 (Predecessor)
Derivatives in ASC 815-20 Cash Flow Hedging Relationships
 
 
Amount of Gain or (Loss) Recognized in OCI
on Derivatives (Effective Portion)
 
 
Successor
 
Predecessor
 
 
Year Ended
 
Year Ended
 
February 13 - December 31, 2010
 
January 1 - February 12, 2010
 
 
December 31,
2012
 
December 31,
2011
 
 
Fuel Contracts
 
$
7

 
$
50

 
$
93

 
$
(79
)
      Total derivatives
 
$
7

 
$
50

 
$
93

 
$
(79
)

 
 
 
 
Amount of Gain or (Loss) Recognized from
AOCL into Income (Effective Portion)
 
 
 
 
Successor
 
Predecessor
 
 
Location of Gain or
(Loss) Recognized from
AOCL into Income
 
Year Ended
 
Year Ended
 
February 13 - December 31, 2010
 
January 1 - February 12, 2010
 
 
 
December 31,
2012
 
December 31,
2011
 
 
Fuel Contracts
 
Fuel expense
 
$
25

 
$
98

 
$
26

 
$
(6
)
      Total derivatives
 
$
25

 
$
98

 
$
26

 
$
(6
)

 
 
 
 
Amount of Gain or (Loss) Recognized in
Income on Derivatives (Ineffective Portion and
Amount Excluded from Effectiveness Testing)a
 
 
 
 
Successor
 
Predecessor
 
 
Location of Gain or
(Loss) Recognized in
Income on Derivatives
 
Year Ended
 
Year Ended
 
February 13 - December 31, 2010
 
January 1 - February 12, 2010
 
 
 
December 31,
2012
 
December 31,
2011
 
 
Fuel Contracts
 
Fuel expense
 
$
(3
)
 
$
(16
)
 
$
10

 
$
(7
)
      Total derivatives
 
$
(3
)
 
$
(16
)
 
$
10

 
$
(7
)
 No portion of the gain or (loss) was excluded from the assessment of hedge effectiveness for the periods then ended.

The gain or loss on the fair value hedges as well as the offsetting loss or gain on the hedged items (fixed-rate debt) attributable to the hedged risk were recorded in current earnings. The Company included the gain or loss on the fixed-rate debt in the same line item (interest expense) as the offsetting loss or gain on the related interest rate swaps as follows (in millions):
 
 
Gain on Interest Rate Swaps
 
 
Successor
 
Predecessor
 
 
Year Ended
 
Year Ended
 
February 13 - December 31, 2010
 
January 1 - February 12, 2010
Income Statement Classification
 
December 31,
2012
 
December 31,
2011
 
 
Interest expense
 
$

 
$

 
$
14

 
$
6


 
 
Loss on Fixed-rate Debt
 
 
Successor
 
Predecessor
 
 
Year Ended
 
Year Ended
 
February 13 - December 31, 2010
 
January 1 - February 12, 2010
Income Statement Classification
 
December 31,
2012
 
December 31,
2011
 
 
Interest expense
 
$

 
$

 
$
(13
)
 
$
(6
)