v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 4,310 $ 3,069
Accounts receivable, net of an allowance for uncollectible accounts of $13 and $18 2,850 3,224
Fuel, expendable parts and supplies inventories, net of an allowance for obsolescence of $124 and $120 1,601 1,428
Prepaid expenses and other 2,207 2,123
Total current assets 10,968 9,844
Noncurrent Assets:    
Property and equipment, net of accumulated depreciation and amortization of $24,719 and $23,228 39,743 37,595
Operating lease right-of-use assets 6,244 6,644
Goodwill 9,753 9,753
Identifiable intangibles, net of accumulated amortization of $928 and $919 5,966 5,975
Equity investments 4,222 2,846
Other noncurrent assets 4,421 2,715
Total noncurrent assets 70,349 65,528
Total assets 81,317 75,372
Current Liabilities:    
Current maturities of debt and finance leases 1,605 2,175
Current maturities of operating leases 809 763
Accounts payable 5,226 4,650
Accrued salaries and related benefits 4,906 4,762
Fuel card obligation 1,100 1,100
Other accrued liabilities 1,945 1,812
Total current liabilities 27,624 26,670
Noncurrent Liabilities:    
Debt and finance leases 12,507 14,019
Noncurrent operating leases 5,353 5,814
Pension, postretirement and related benefits 3,156 3,144
Deferred income taxes, net 3,444 2,176
Other noncurrent liabilities 3,994 3,744
Total noncurrent liabilities 32,840 33,409
Commitments and Contingencies
Stockholders' Equity:    
Common stock at $0.0001 par value; 1,500,000,000 shares authorized, 659,669,346 and 654,571,606 shares issued 0 0
Additional paid-in capital 11,883 11,740
Retained earnings 13,343 8,783
Accumulated other comprehensive loss (4,135) (4,979)
Treasury stock, at cost, 6,498,109 and 8,098,971 shares (238) (251)
Total stockholders' equity 20,853 15,293
Total liabilities and stockholders' equity 81,317 75,372
Air traffic liability    
Current Liabilities:    
Deferred revenue liability, current 7,157 7,094
Loyalty program deferred revenue    
Current Liabilities:    
Deferred revenue liability, current 4,876 4,314
Noncurrent Liabilities:    
Loyalty program deferred revenue $ 4,386 $ 4,512