Fair Value Measurements and Other Investments (Tables)
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12 Months Ended |
Dec. 31, 2017 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
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Summary of Assets Measured at Fair Value on Recurring Basis |
Assets measured at fair value on a recurring basis are summarized below (in millions): | | | | | | | | | | | | | | | | | | Fair Value Measurements as of December 31, 2017 | | Total | | Level 1 | | Level 2 | | Level 3 | Short-term investments (1) (2): | | | | | | | | Money market funds | $ | 188 |
| | $ | 188 |
| | $ | — |
| | $ | — |
| Corporate obligations | 1,620 |
| | — |
| | 1,620 |
| | — |
| Bank notes/certificates of deposit/time deposits | 2,663 |
| | — |
| | 2,663 |
| | — |
| Repurchase agreements | 300 |
| | — |
| | 300 |
| | — |
| | 4,771 |
| | 188 |
| | 4,583 |
| | — |
| Restricted cash and short-term investments (1) | 318 |
| | 108 |
| | 210 |
| | — |
| Total | $ | 5,089 |
| | $ | 296 |
| | $ | 4,793 |
| | $ | — |
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| | (1) | Unrealized gains or losses on short-term investments and restricted cash and short-term investments are recorded in accumulated other comprehensive income (loss) at each measurement date. |
| | (2) | All short-term investments are classified as available-for-sale and stated at fair value. Our short-term investments mature in one year or less except for $700 million of bank notes/certificates of deposit/time deposits and $341 million of corporate obligations. |
| | | | | | | | | | | | | | | | | | Fair Value Measurements as of December 31, 2016 | | Total | | Level 1 | | Level 2 | | Level 3 | Short-term investments (1) (2): | | | | | | | | Money market funds | $ | 589 |
| | $ | 589 |
| | $ | — |
| | $ | — |
| Corporate obligations | 2,550 |
| | — |
| | 2,550 |
| | — |
| Bank notes/certificates of deposit/time deposits | 2,898 |
| | — |
| | 2,898 |
| | — |
| | 6,037 |
| | 589 |
| | 5,448 |
| | — |
| Restricted cash and short-term investments (1) | 638 |
| | 638 |
| | — |
| | — |
| Total | $ | 6,675 |
| | $ | 1,227 |
| | $ | 5,448 |
| | $ | — |
|
| | (1) | Unrealized gains or losses on short-term investments and restricted cash and short-term investments are recorded in accumulated other comprehensive income (loss) at each measurement date. |
| | (2) | All short-term investments are classified as available-for-sale and stated at fair value. Our short-term investments mature in one year or less except for $385 million of bank notes/certificates of deposit/time deposits and $230 million of corporate obligations. |
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Schedule of Carrying Value and Estimated Fair Value of Long-Term Debt, Including Current Maturities |
The carrying value and estimated fair value of our long-term debt, including current maturities, were as follows (in millions): | | | | | | | | | | | | | | | | | | December 31, 2017 | | December 31, 2016 | | Carrying Value | | Fair Value | | Carrying Value | | Fair Value | Long-term debt, including current maturities | $ | 25,065 |
| | $ | 25,848 |
| | $ | 24,344 |
| | $ | 24,983 |
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American Airlines, Inc. [Member] |
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Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
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Summary of Assets Measured at Fair Value on Recurring Basis |
Assets measured at fair value on a recurring basis are summarized below (in millions): | | | | | | | | | | | | | | | | | | Fair Value Measurements as of December 31, 2017 | | Total | | Level 1 | | Level 2 | | Level 3 | Short-term investments (1) (2): | | | | | | | | Money market funds | $ | 186 |
| | $ | 186 |
| | $ | — |
| | $ | — |
| Corporate obligations | 1,620 |
| | — |
| | 1,620 |
| | — |
| Bank notes/certificates of deposit/time deposits | 2,662 |
| | — |
| | 2,662 |
| | — |
| Repurchase agreements | 300 |
| | — |
| | 300 |
| | — |
| | 4,768 |
| | 186 |
| | 4,582 |
| | — |
| Restricted cash and short-term investments (1) | 318 |
| | 108 |
| | 210 |
| | — |
| Total | $ | 5,086 |
| | $ | 294 |
| | $ | 4,792 |
| | $ | — |
|
| | (1) | Unrealized gains or losses on short-term investments and restricted cash and short-term investments are recorded in accumulated other comprehensive income (loss) at each measurement date. |
| | (2) | All short-term investments are classified as available-for-sale and stated at fair value. American’s short-term investments mature in one year or less except for $700 million of bank notes/certificates of deposit/time deposits and $341 million of corporate obligations. |
| | | | | | | | | | | | | | | | | | Fair Value Measurements as of December 31, 2016 | | Total | | Level 1 | | Level 2 | | Level 3 | Short-term investments (1) (2): | | | | | | | | Money market funds | $ | 587 |
| | $ | 587 |
| | $ | — |
| | $ | — |
| Corporate obligations | 2,550 |
| | — |
| | 2,550 |
| | — |
| Bank notes/certificates of deposit/time deposits | 2,897 |
| | — |
| | 2,897 |
| | — |
| | 6,034 |
| | 587 |
| | 5,447 |
| | — |
| Restricted cash and short-term investments (1) | 638 |
| | 638 |
| | — |
| | — |
| Total | $ | 6,672 |
| | $ | 1,225 |
| | $ | 5,447 |
| | $ | — |
|
| | (1) | Unrealized gains or losses on short-term investments and restricted cash and short-term investments are recorded in accumulated other comprehensive income (loss) at each measurement date. |
| | (2) | All short-term investments are classified as available-for-sale and stated at fair value. American’s short-term investments mature in one year or less except for $385 million of bank notes/certificates of deposit/time deposits and $230 million of corporate obligations. |
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Schedule of Carrying Value and Estimated Fair Value of Long-Term Debt, Including Current Maturities |
The carrying value and estimated fair value of American’s long-term debt, including current maturities, were as follows (in millions): | | | | | | | | | | | | | | | | | | December 31, 2017 | | December 31, 2016 | | Carrying Value | | Fair Value | | Carrying Value | | Fair Value | Long-term debt, including current maturities | $ | 23,294 |
| | $ | 24,029 |
| | $ | 22,577 |
| | $ | 23,181 |
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