BOEING CO, 10-K filed on 1/27/2023
Annual Report
v3.22.4
Cover - USD ($)
$ in Billions
 12 Months Ended
Dec. 31, 2022
Jan. 20, 2023
Jun. 30, 2022
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Dec. 31, 2022    
Document Transition Report false    
Entity File Number 1-442    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 91-0425694    
Entity Address, Address Line One 929 Long Bridge Drive    
Entity Address, City or Town Arlington,    
Entity Address, State or Province VA    
Entity Address, Postal Zip Code 22202    
City Area Code (703)    
Local Phone Number 414-6338    
Title of 12(b) Security Common Stock, $5.00 Par Value    
Trading Symbol BA    
Security Exchange Name NYSE    
Entity Well-known Seasoned Issuer No    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Entity Shell Company false    
Entity Public Float     $ 81.1
Entity Common Stock, Shares Outstanding   598,239,585  
Documents Incorporated by Reference
DOCUMENTS INCORPORATED BY REFERENCE
Part III incorporates information by reference to the registrant’s definitive proxy statement, to be filed with the Securities and Exchange Commission within 120 days after the close of the fiscal year ended December 31, 2022.
    
Amendment Flag false    
Document Fiscal Year Focus 2022    
Document Fiscal Period Focus FY    
Entity Registrant Name BOEING CO    
Entity Central Index Key 0000012927    
Current Fiscal Year End Date --12-31    
v3.22.4
Audit Information
 12 Months Ended
Dec. 31, 2022
Auditor Information [Abstract]  
Auditor name Deloitte & Touche LLP
Auditor location Chicago, Illinois
Auditor firm ID 34
v3.22.4
Consolidated Statements of Operations - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Total revenues $ 66,608 $ 62,286 $ 58,158
Boeing Capital interest expense (28) (32) (43)
Total costs and expenses (63,106) (59,269) (63,843)
Gross profit 3,502 3,017 (5,685)
(Loss)/income from operating investments, net (16) 210 9
General and administrative expense (4,187) (4,157) (4,817)
Research and development expense, net (2,852) (2,249) (2,476)
Gain on dispositions, net 6 277 202
Loss from operations (3,547) (2,902) (12,767)
Other income, net 1,058 551 447
Interest and debt expense (2,533) (2,682) (2,156)
Loss before income taxes (5,022) (5,033) (14,476)
Income tax (expense)/benefit (31) 743 2,535
Net loss (5,053) (4,290) (11,941)
Less: net loss attributable to noncontrolling interest (118) (88) (68)
Net loss attributable to Boeing Shareholders $ (4,935) $ (4,202) $ (11,873)
Basic loss per share (in dollars per share) $ (8.30) $ (7.15) $ (20.88)
Diluted loss per share (in dollars per share) $ (8.30) $ (7.15) $ (20.88)
Sales of products      
Total revenues $ 55,893 $ 51,386 $ 47,142
Cost of goods and services sold (53,969) (49,954) (54,568)
Sales of services      
Total revenues 10,715 10,900 11,016
Cost of goods and services sold $ (9,109) $ (9,283) $ (9,232)
v3.22.4
Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement of Comprehensive Income [Abstract]      
Net loss $ (5,053) $ (4,290) $ (11,941)
Other comprehensive income/(loss), net of tax:      
Currency translation adjustments (62) (75) 98
Unrealized loss on certain investments, net of tax of $0, $0 and $0 (1)
Derivative instruments:      
Unrealized (loss)/gain arising during period, net of tax of $12, ($16) and ($4) (40) 55 14
Reclassification adjustment for loss/(gain) included in net earnings, net of tax of ($3), $2 and ($7) 10 (6) 27
Total unrealized (loss)/gain on derivative instruments, net of tax (30) 49 41
Defined benefit pension plans & other postretirement benefits:      
Net actuarial gain/(loss) arising during the period, net of tax of ($22), ($32) and $111 1,533 4,262 (1,956)
Amortization of actuarial loss included in net periodic pension cost, net of tax of ($11), ($8) and ($52) 791 1,155 917
Settlements included in net (loss)/income, net of tax of $0, ($2) and $0 (4) 191 5
Amortization of prior service credits included in net periodic pension cost, net of tax of $2, $1 and $6 (114) (114) (112)
Prior service (credit)/cost arising during the period, net of tax of $0, $0 and ($2) (1) 27
Pension and postretirement (cost)/benefit related to our equity method investments, net of tax of $0, ($2) and $0 (3) 6
Total defined benefit pension plans & other postretirement benefits, net of tax 2,202 5,500 (1,119)
Other comprehensive income/(loss), net of tax 2,109 5,474 (980)
Comprehensive (loss)/income, net of tax (2,944) 1,184 (12,921)
Comprehensive loss related to noncontrolling interests (118) (88) (68)
Comprehensive (loss)/income attributable to Boeing Shareholders, net of tax $ (2,826) $ 1,272 $ (12,853)
v3.22.4
Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement of Comprehensive Income [Abstract]      
Unrealized loss on certain investments, tax $ 0 $ 0 $ 0
Unrealized gain/(loss) arising during period, tax 12 (16) (4)
Reclassification adjustment for (gain)/loss included in net earnings, tax (3) 2 (7)
Net actuarial gain/(loss) arising during the period, tax (22) (32) 111
Amortization of actuarial loss included in net periodic pension cost, tax (11) (8) (52)
Settlements included in net (loss)/income, tax 0 (2) 0
Amortization of prior service credits included in net periodic pension cost, tax 2 1 6
Prior service cost/(credit) arising during the period, tax 0 0 (2)
Pension and postretirement (cost)/benefit related to our equity method investments, tax $ 0 $ (2) $ 0
v3.22.4
Consolidated Statements of Financial Position - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 14,614 $ 8,052
Short-term and other investments 2,606 8,192
Accounts receivable, net 2,517 2,641
Unbilled receivables, net 8,634 8,620
Current portion of customer financing, net 154 117
Inventories 78,151 78,823
Other current assets, net 2,847 2,221
Total current assets 109,523 108,666
Customer financing, net 1,450 1,695
Property, plant and equipment, net 10,550 10,918
Goodwill 8,057 8,068
Acquired intangible assets, net 2,311 2,562
Deferred income taxes 63 77
Investments 983 975
Other assets, net of accumulated amortization of $949 and $975 4,163 5,591
Total assets 137,100 138,552
Liabilities and equity    
Accounts payable 10,200 9,261
Accrued liabilities 21,581 18,455
Advances and progress billings 53,081 52,980
Short-term debt and current portion of long-term debt 5,190 1,296
Total current liabilities 90,052 81,992
Deferred income taxes 230 218
Accrued retiree health care 2,503 3,528
Accrued pension plan liability, net 6,141 9,104
Other long-term liabilities 2,211 1,750
Long-term debt 51,811 56,806
Total liabilities 152,948 153,398
Shareholders’ equity:    
Common stock, par value $5.00 – 1,200,000,000 shares authorized; 1,012,261,159 shares issued 5,061 5,061
Additional paid-in capital 9,947 9,052
Treasury stock, at cost (50,814) (51,861)
Retained earnings 29,473 34,408
Accumulated other comprehensive loss (9,550) (11,659)
Total shareholders’ deficit (15,883) (14,999)
Noncontrolling interests 35 153
Total equity (15,848) (14,846)
Total liabilities and equity $ 137,100 $ 138,552
v3.22.4
Consolidated Statements of Financial Position (Parenthetical) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Statement of Financial Position [Abstract]    
Other assets, net of accumulated amortization $ 949 $ 975
Common stock, par value (in dollars per share) $ 5.00 $ 5.00
Common stock, shares authorized (in shares) 1,200,000,000 1,200,000,000
Common stock, shares, issued (in shares) 1,012,261,159 1,012,261,159
v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows – operating activities:      
Net loss $ (5,053) $ (4,290) $ (11,941)
Non-cash items –      
Share-based plans expense 725 833 250
Treasury shares issued for 401(k) contribution 1,215 1,233 195
Depreciation and amortization 1,979 2,144 2,246
Investment/asset impairment charges, net 112 98 410
Customer financing valuation adjustments 37 12
Gain on dispositions, net (6) (277) (202)
787 and 777X reach-forward losses 3,460 6,493
Other charges and credits, net 364 360 1,462
Changes in assets and liabilities –      
Accounts receivable 142 (713) 909
Unbilled receivables 6 (586) 919
Advances and progress billings 108 2,505 (1,060)
Inventories 420 (1,127) (11,002)
Other current assets (591) 345 372
Accounts payable 838 (3,783) (5,363)
Accrued liabilities 2,956 (3,687) 1,074
Income taxes receivable, payable and deferred 1,347 733 (2,576)
Other long-term liabilities (158) (206) (222)
Pension and other postretirement plans (1,378) (972) (794)
Customer financing, net 142 210 173
Other 307 304 235
Net cash provided/(used) by operating activities 3,512 (3,416) (18,410)
Cash flows – investing activities:      
Payments to acquire property, plant and equipment (1,222) (980) (1,303)
Proceeds from disposals of property, plant and equipment 35 529 296
Acquisitions, net of cash acquired (6)
Contributions to investments (5,051) (35,713) (37,616)
Proceeds from investments 10,619 45,489 20,275
Other (11) 5 (18)
Net cash provided/(used) by investing activities 4,370 9,324 (18,366)
Cash flows – financing activities:      
New borrowings 34 9,795 47,248
Debt repayments (1,310) (15,371) (10,998)
Stock options exercised 50 42 36
Employee taxes on certain share-based payment arrangements (40) (66) (173)
Dividends paid (1,158)
Net cash (used)/provided by financing activities (1,266) (5,600) 34,955
Effect of exchange rate changes on cash and cash equivalents (73) (39) 85
Net increase/(decrease) in cash & cash equivalents, including restricted 6,543 269 (1,736)
Cash & cash equivalents, including restricted, at beginning of year 8,104 7,835 9,571
Cash & cash equivalents, including restricted, at end of year 14,647 8,104 7,835
Less restricted cash & cash equivalents, included in Investments 33 52 83
Cash and cash equivalents $ 14,614 $ 8,052 $ 7,752
v3.22.4
Consolidated Statements of Equity - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-In Capital
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Loss
Non- controlling Interests
Beginning balance at Dec. 31, 2019 $ (8,462) $ 5,061 $ 6,745 $ (54,914) $ 50,482 $ (16,153) $ 317
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (11,941)       (11,873)   (68)
Other comprehensive income (loss), net of tax (980)         (980)  
Share-based compensation 250   250        
Treasury shares issued for stock options exercised, net 37   (26) 63      
Treasury shares issued for other share-based plans, net (167)   (214) 47      
Treasury shares contributed to pension plans 3,000   952 2,048      
Treasury shares issued for 401(k) contribution 195   80 115      
Changes in noncontrolling interests (8)           (8)
Other 1       1    
Ending balance at Dec. 31, 2020 (18,075) 5,061 7,787 (52,641) 38,610 (17,133) 241
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (4,290)       (4,202)   (88)
Other comprehensive income (loss), net of tax 5,474         5,474  
Share-based compensation 833   833        
Treasury shares issued for stock options exercised, net 42   (28) 70      
Treasury shares issued for other share-based plans, net (63)   (98) 35      
Treasury shares issued for 401(k) contribution 1,233   558 675      
Ending balance at Dec. 31, 2021 (14,846) 5,061 9,052 (51,861) 34,408 (11,659) 153
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (5,053)       (4,935)   (118)
Other comprehensive income (loss), net of tax 2,109         2,109  
Share-based compensation 725   725        
Treasury shares issued for stock options exercised, net 50   (31) 81      
Treasury shares issued for other share-based plans, net (48)   (94) 46      
Treasury shares issued for 401(k) contribution 1,215   295 920      
Ending balance at Dec. 31, 2022 $ (15,848) $ 5,061 $ 9,947 $ (50,814) $ 29,473 $ (9,550) $ 35
v3.22.4
Consolidated Statements of Equity (Parenthetical) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement of Stockholders' Equity [Abstract]      
Other comprehensive income (loss), net of tax $ (22) $ (57) $ 52
v3.22.4
Summary of Business Segment Data
 12 Months Ended
Dec. 31, 2022
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Summary of Business Segment Data
The Boeing Company and Subsidiaries
Notes to the Consolidated Financial Statements
Summary of Business Segment Data
(Dollars in millions) 
Years ended December 31,
202220212020
Revenues:
Commercial Airplanes$25,867 $19,493 $16,162 
Defense, Space & Security23,162 26,540 26,257 
Global Services17,611 16,328 15,543 
Boeing Capital199 272 261 
Unallocated items, eliminations and other(231)(347)(65)
Total revenues$66,608 $62,286 $58,158 
(Loss)/earnings from operations:
Commercial Airplanes($2,370)($6,475)($13,847)
Defense, Space & Security(3,544)1,544 1,539 
Global Services2,727 2,017 450 
Boeing Capital29 106 63 
Segment operating loss(3,158)(2,808)(11,795)
Unallocated items, eliminations and other(1,532)(1,267)(2,355)
FAS/CAS service cost adjustment1,143 1,173 1,383 
Loss from operations(3,547)(2,902)(12,767)
Other income, net1,058 551 447 
Interest and debt expense(2,533)(2,682)(2,156)
Loss before income taxes(5,022)(5,033)(14,476)
Income tax (expense)/benefit(31)743 2,535 
Net loss(5,053)(4,290)(11,941)
Less: net loss attributable to noncontrolling interest(118)(88)(68)
Net loss attributable to Boeing Shareholders($4,935)($4,202)($11,873)
This information is an integral part of the Notes to the Consolidated Financial Statements. See Note 22 for further segment results.
v3.22.4
Summary of Significant Accounting Policies
 12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Principles of Consolidation and Basis of Presentation
The Consolidated Financial Statements included in this report have been prepared by management of The Boeing Company (herein referred to as “Boeing,” the “Company,” “we,” “us” or “our”). These statements include the accounts of all majority-owned subsidiaries and variable interest entities that are required to be consolidated. All significant intercompany accounts and transactions have been eliminated. As described in Note 22, we operate in four reportable segments: Commercial Airplanes (BCA), Defense, Space & Security (BDS), Global Services (BGS) and Boeing Capital (BCC).
Use of Estimates
The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Operating Cycle
For classification of certain current assets and liabilities, we use the duration of the related contract or program as our operating cycle, which is generally longer than one year.
Revenue and Related Cost Recognition
Commercial aircraft contracts The majority of our BCA segment revenue is derived from commercial aircraft contracts. For each contract, we determine the transaction price based on the consideration expected to be received. We allocate the transaction price to each commercial aircraft performance obligation based on relative standalone selling prices adjusted by an escalation formula as specified in the customer agreement. Revenue is recognized for each commercial aircraft performance obligation at the point in time when the aircraft is completed and accepted by the customer. We use program accounting to determine the amount reported as cost of sales.
Payments for commercial aircraft sales are received in accordance with the customer agreement, which generally includes a deposit upon order and additional payments in accordance with a payment schedule, with the balance being due immediately prior to or at aircraft delivery. Advances and progress billings (contract liabilities) are normal and customary for commercial aircraft contracts and not considered a significant financing component as they are intended to protect us from the other party failing to adequately complete some or all of its obligations under the contract.
Long-term contracts Substantially all contracts at BDS and certain contracts at BGS are long-term contracts with the U.S. government and other customers that generally extend over several years. Products sales under long-term contracts primarily include fighter jets, rotorcraft, cybersecurity products, surveillance suites, advanced weapons, missile defense, military derivative aircraft, satellite systems and modification of commercial passenger aircraft to cargo freighters. Sales of services under long-term contracts primarily include support and maintenance agreements associated with our commercial and defense products and space travel on Commercial Crew.
For each long-term contract, we determine the transaction price based on the consideration expected to be received. We allocate the transaction price to each distinct performance obligation to deliver a good or service, or a collection of goods and/or services, based on the relative standalone selling prices. A long-term contract will typically represent a single distinct performance obligation due to the highly interdependent and interrelated nature of the underlying goods and/or services and the significant service of integration that we provide. While the scope and price on certain long-term contracts may be modified over their life, the transaction price is based on current rights and obligations under the contract and does not include potential modifications until they are agreed upon with the customer. When applicable, a cumulative adjustment or separate recognition for the additional scope and price may result. Long-term contracts can be negotiated with a fixed price or a price in which we are reimbursed for costs incurred plus an agreed upon profit. The Federal Acquisition Regulations provide guidance on the types of cost that will be reimbursed in establishing the price for contracts with the U.S. government. Certain long-term contracts include in the transaction price variable consideration, such as incentive and award fees, if specified targets are achieved. The amount included in the transaction price represents the expected value, based on a weighted probability, or the most likely amount.
Long-term contract revenue is recognized over the contract term (over time) as the work progresses, either as products are produced or as services are rendered. We generally recognize revenue over time as we perform on long-term contracts because of continuous transfer of control to the customer. For U.S. government contracts, this continuous transfer of control to the customer is supported by clauses in the contract that allow the customer to unilaterally terminate the contract for convenience, pay us for costs incurred plus a reasonable profit and take control of any work in process. Similarly, for non-U.S. government contracts, the customer typically controls the work in process as evidenced either by contractual termination clauses or by our rights to payment of the transaction price associated with work performed to date on products or services that do not have an alternative use to the Company.
The accounting for long-term contracts involves a judgmental process of estimating total sales, costs and profit for each performance obligation. Cost of sales is recognized as incurred. The amount reported as revenues is determined by adding a proportionate amount of the estimated profit to the amount reported as cost of sales. Recognizing revenue as costs are incurred provides an objective measure of progress on the long-term contract and thereby best depicts the extent of transfer of control to the customer.
For long-term contracts for which revenue is recognized over time, changes in estimated revenues, cost of sales and the related effect on operating income are recognized using a cumulative catch-up adjustment which recognizes in the current period the cumulative effect of the changes on current and prior periods based on a long-term contract’s percentage-of-completion. When the current estimates of total revenues and costs at completion for a long-term contract indicate a loss, a provision for the entire reach-forward loss on the long-term contract is recognized.
The table below reflects the impact of net cumulative catch-up adjustments for changes in estimated revenues and costs at completion across all long-term contracts including the impact to Loss from operations from increases in estimated losses on unexercised options for the years ended December 31:
202220212020
Decrease to Revenue($2,335)($379)($359)
Increase to Loss from operations ($5,253)($880)($942)
Decrease to Diluted EPS($8.88)($1.28)($1.37)
Significant adjustments during the three years ended December 31, 2022 included losses on VC-25B, KC-46A Tanker, MQ-25, Commercial Crew and T-7A Red Hawk programs.
Due to the significance of judgment in the estimation process, changes in underlying assumptions/estimates, internal and supplier performance, inflationary trends, or other circumstances may adversely or positively affect financial performance in future periods.
Payments under long-term contracts may be received before or after revenue is recognized. The U.S. government customer typically withholds payment of a small portion of the contract price until contract completion. Therefore, long-term contracts typically generate Unbilled receivables (contract assets) but may generate Advances and progress billings (contract liabilities). Long-term contract Unbilled receivables and Advances and progress billings are not considered a significant financing component because they are intended to protect either the customer or the Company in the event that some or all of the obligations under the contract are not completed.
Commercial spare parts contracts Certain contracts at our BGS segment include sales of commercial spare parts. For each contract, we determine the transaction price based on the consideration expected to be received. The spare parts have discrete unit prices that represent fair value. We generally consider each spare part to be a separate performance obligation. Revenue is recognized for each commercial spare part performance obligation at the point in time of delivery to the customer. We may provide our customers with a right to return a commercial spare part where a customer may receive a full or partial refund, a credit applied to amounts owed, a different product in exchange, or any combination of these items. We consider the potential for customer returns in the estimated transaction price. The amount reported as cost of sales is recorded at average cost. Payments for commercial spare parts sales are typically received shortly after delivery.
Other service revenue contracts Certain contracts at our BGS segment are for sales of services to commercial customers including maintenance, training, data analytics and information-based services. We recognize revenue for these service performance obligations over time as the services are rendered. The method of measuring progress (such as straight-line or billable amount) varies depending upon which method best depicts the transfer of control to the customer based on the type of service performed. Cost of sales is recorded as incurred.
Concession sharing arrangements We account for sales concessions to our customers in consideration of their purchase of products and services as a reduction of the transaction price and the revenue that is recognized for the related performance obligations. The sales concessions incurred may be partially reimbursed by certain suppliers in accordance with concession sharing arrangements. We record these reimbursements, which are presumed to represent reductions in the price of the vendor’s products or services, as a reduction in Cost of products.
Unbilled receivables and advances and progress billings Unbilled receivables (contract assets) arise when the Company recognizes revenue for amounts which cannot yet be billed under terms of the contract with the customer. Advances and progress billings (contract liabilities) arise when the Company receives payments from customers in advance of recognizing revenue. The amount of Unbilled receivables or Advances and progress billings is determined for each contract.
Financial services revenue We record financial services revenue associated with sales-type/finance leases, operating leases and loans in Sales of services on the Consolidated Statements of Operations. For sales-type leases, we recognize selling profit or loss at lease inception if collection of the lease payments is probable. For sales-type and direct finance leases, we record customer financing receivables at lease inception. A customer financing receivable is recorded at the aggregate of future minimum lease payments, estimated residual value of the leased equipment, and any deferred incremental direct costs less unearned income. Income is recognized over the life of the lease to approximate a level rate of return on the net investment. For notes receivable, we record customer financing receivables net of any unamortized discounts and deferred incremental direct costs. Interest income and amortization of any discounts are recorded ratably over the related term of the note.
Income recognition is generally suspended for customer financing receivables that are uncollectible. We determine that a customer financing receivable is uncollectible when, based on current information and events, it is probable that we will be unable to collect amounts due according to the original contractual terms. We determine a customer financing receivable is past due when cash has not been received upon the due date specified in the contract.
We evaluate the collectability of customer financing receivables at commencement and on a recurring basis. If a customer financing receivable is determined to be uncollectible, the customer is categorized as non-accrual status. When a customer is in non-accrual status at commencement, sales-type lease revenue is deferred until substantially all cash has been received or the customer is removed from non-accrual status. If we have a direct finance lease and/or a note receivable with a customer that is in non-accrual status, or a sales-type lease with a customer that changes to non-accrual status after commencement, we recognize contractual interest income as payments are received to the extent there is sufficient collateral and payments exceed past due principal payments.

Residual values, which are reviewed periodically, represent the estimated amount we expect to receive at lease termination from the disposition of the leased equipment. Actual residual values realized could differ from these estimates. Declines in estimated residual value that are deemed other-than-temporary are recognized in the period in which the declines occur.

For operating leases, revenue on leased aircraft and equipment is recorded on a straight-line basis over the term of the lease. Operating lease assets, included in Customer financing, net, are recorded at cost and depreciated to an estimated residual value using the straight-line method over the period that we project we will hold the asset. We periodically review our estimates of residual value and recognize forecasted changes by prospectively adjusting depreciation expense. We record assets held for sale at the lower of carrying value or fair value less costs to sell. We evaluate for impairment assets under operating leases when events or changes in circumstances indicate that the expected undiscounted cash flow from the asset may be less than the carrying value. When we determine that impairment is indicated for an asset, the amount of impairment expense recorded is the excess of the carrying value over the fair value of the asset.
Reinsurance revenue Our wholly-owned insurance subsidiary, Astro Ltd., participates in a reinsurance pool for workers’ compensation. The member agreements and practices of the reinsurance pool minimize any participating members’ individual risk. Reinsurance revenues were $129, $126 and $129 during 2022, 2021 and 2020, respectively. Reinsurance costs related to premiums and claims paid to the reinsurance pool were $134, $129 and $136 during 2022, 2021 and 2020, respectively. Revenues and costs are presented net in Cost of sales in the Consolidated Statements of Operations.
Research and Development
Research and development includes costs incurred for experimentation, design and testing, as well as bid and proposal efforts related to government products and services, which are expensed as incurred unless the costs are related to certain contractual arrangements with customers. Costs that are incurred pursuant to such contractual arrangements are recorded over the period that revenue is recognized, consistent with our long-term contract accounting policy. We have certain research and development arrangements that meet the requirement for best efforts research and development accounting. Accordingly, the amounts funded by the customer are recognized as an offset to our research and development expense rather than as contract revenues. Research and development expense included bid and proposal costs of $217, $213 and $224 in 2022, 2021 and 2020, respectively.
Share-Based Compensation
We provide various forms of share-based compensation to our employees. For awards settled in shares, we measure compensation expense based on the grant-date fair value net of estimated forfeitures. For awards settled in cash, or that may be settled in cash, we measure compensation expense based on the fair value at each reporting date net of estimated forfeitures. The expense is recognized over the requisite service period, which is generally the vesting period of the award.
Income Taxes
Provisions for U.S. federal, state and local, and non-U.S. income taxes are calculated on reported Loss before income taxes based on current tax law and also include, in the current period, the cumulative effect of any changes in tax rates from those used previously in determining deferred tax assets and liabilities. Such provisions differ from the amounts currently receivable or payable because certain items of income and expense are recognized in different time periods for financial reporting purposes than for income tax purposes. Significant judgment is required in determining income tax provisions and evaluating tax positions.
The accounting for uncertainty in income taxes requires a more-likely-than-not threshold for financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. We record a liability for the difference between the benefit recognized and measured for financial statement purposes and the tax position taken or expected to be taken on our tax return. To the extent that our assessment of such tax positions changes, the change in estimate is recorded in the period in which the determination is made. Tax-related interest and penalties are classified as a component of Income tax (expense)/benefit.
We also assess the likelihood that we will be able to recover our deferred tax assets against future sources of taxable income and reduce the carrying amounts of deferred tax assets by recording a valuation allowance if, based on the available evidence, it is more likely than not that all or a portion of such assets will not be realized. Changes in our estimates and judgments regarding realization of deferred tax assets may result in an increase or decrease to our tax expense and/or other comprehensive income, which would be recorded in the period in which the change occurs.
Postretirement Plans
Many of our employees have earned benefits under defined benefit pension plans. The majority of employees that had participated in defined benefit pension plans have transitioned to a company-funded defined contribution retirement savings plan. We also provide postretirement benefit plans other than pensions, consisting principally of health care coverage to eligible retirees and qualifying dependents. Benefits under the pension and other postretirement benefit plans are generally based on age at retirement and years of service and, for some pension plans, benefits are also based on the employee’s annual earnings. The net periodic cost of our pension and other postretirement plans is determined using the projected unit credit method and several actuarial assumptions, the most significant of which are the discount rate, the long-term rate of asset return and medical trend (rate of growth for medical costs). Actuarial gains and losses, which occur when actual experience differs from actuarial assumptions, are reflected in Shareholders’ equity (net of taxes). If actuarial gains and losses exceed ten percent of the greater of plan assets or plan liabilities, we amortize them over the average expected future lifetime of participants. The funded status of our pension and postretirement plans is reflected on the Consolidated Statements of Financial Position.
Postemployment Plans
We record a liability for postemployment benefits, such as severance or job training, when payment is probable, the amount is reasonably estimable, and the obligation relates to rights that have vested or accumulated.
Environmental Remediation
We are subject to federal and state requirements for protection of the environment, including those for discharge of hazardous materials and remediation of contaminated sites. We routinely assess, based on in-depth studies, expert analyses and legal reviews, our contingencies, obligations and commitments for remediation of contaminated sites, including assessments of ranges and probabilities of recoveries from other responsible parties and/or insurance carriers. Our policy is to accrue and charge to current expense identified exposures related to environmental remediation sites when it is probable that a liability has been incurred and the amount can be reasonably estimated. The amount of the liability is based on our best estimate or the low end of a range of reasonably possible exposure for investigation, cleanup and monitoring costs to be incurred. Estimated remediation costs are not discounted to present value as the timing of payments cannot be reasonably estimated. We may be able to recover a portion of the remediation costs from insurers or other third parties. Such recoveries are recorded when realization of the claim for recovery is deemed probable.
Cash and Cash Equivalents
Cash and cash equivalents consist of highly liquid instruments, such as commercial paper, time deposits, and other money market instruments, which have original maturities of three months or less. We aggregate our cash balances by bank where conditions for right of set-off are met, and reclassify any negative balances, consisting mainly of uncleared checks, to Accounts payable. Negative balances reclassified to Accounts payable were $102 and $47 at December 31, 2022 and 2021.
Inventories
Inventoried costs on commercial aircraft programs and long-term contracts include direct engineering, production and tooling and other non-recurring costs, and applicable overhead, which includes fringe benefits, production related indirect and plant management salaries and plant services, not in excess of estimated net realizable value. To the extent a material amount of such costs are related to an abnormal event or are fixed costs not appropriately attributable to our programs or contracts, they are expensed in the current period rather than inventoried. Inventoried costs include amounts relating to programs and contracts with long-term production cycles, a portion of which is not expected to be realized within one year. Included in inventory for federal government contracts is an allocation of allowable costs related to manufacturing process reengineering.
Commercial aircraft programs inventory includes deferred production costs and supplier advances. Deferred production costs represent actual costs incurred for production of early units that exceed the estimated average cost of all units in the program accounting quantity. Higher production costs are experienced at the beginning of a new or derivative aircraft program. Units produced early in a program require substantially more effort (labor and other resources) than units produced later in a program because of volume efficiencies and the effects of learning. We expect that these deferred costs will be fully recovered when all units included in the accounting quantity are delivered as the expected unit cost for later deliveries is below the estimated average cost of all units in the program. Supplier advances represent payments for parts we have contracted to receive from suppliers in the future. As parts are received, supplier advances are amortized to work in process.
The determination of net realizable value of long-term contract costs is based upon quarterly reviews that estimate costs to be incurred to complete all contract requirements. When actual contract costs and
the estimate to complete exceed total estimated contract revenues, a loss provision is recorded. The determination of net realizable value of commercial aircraft program costs is based upon quarterly program reviews that estimate revenue and cost to be incurred to complete the program accounting quantity. When estimated costs to complete exceed estimated program revenues to go, a program loss provision is recorded in the current period for the estimated loss on all undelivered units in the accounting quantity.
Used aircraft purchased by the Commercial Airplanes segment and general stock materials are stated at cost not in excess of net realizable value. Spare parts inventory is stated at lower of average unit cost or net realizable value. We review our commercial spare parts and general stock materials quarterly to identify impaired inventory, including excess or obsolete inventory, based on historical sales trends, expected production usage, and the size and age of the aircraft fleet using the part. Impaired inventories are charged to Cost of products in the period the impairment occurs.
Included in inventory for commercial aircraft programs are amounts paid or credited in cash, or other consideration to certain airline customers, that are referred to as early issue sales consideration. Early issue sales consideration is recognized as a reduction to revenue when the delivery of the aircraft under contract occurs. If an airline customer does not perform and take delivery of the contracted aircraft, we believe that we would have the ability to recover amounts paid. However, to the extent early issue sales consideration exceeds advances and is not considered to be otherwise recoverable, it would be written off in the current period.
Precontract Costs
We may, from time to time, incur costs in excess of the amounts required for existing contracts. If we determine the costs are probable of recovery from future orders, then we capitalize the precontract costs we incur, excluding start-up costs which are expensed as incurred. Capitalized precontract costs are included in Inventories in the accompanying Consolidated Statements of Financial Position. Should future orders not materialize or we determine the costs are no longer probable of recovery, the capitalized costs would be written off.
Property, Plant and Equipment
Property, plant and equipment are recorded at cost, including applicable construction-period interest, less accumulated depreciation and are depreciated principally over the following estimated useful lives: new buildings and land improvements, from 10 to 40 years; and new machinery and equipment, from 4 to 20 years. The principal methods of depreciation are as follows: buildings and land improvements, 150% declining balance; and machinery and equipment, sum-of-the-years’ digits. Capitalized internal use software is included in Other assets and amortized using the straight line method over 5 years. Capitalized software as a service is included in Other assets and amortized using the straight line method over the term of the hosting arrangement, which is typically no greater than 10 years. We periodically evaluate the appropriateness of remaining depreciable lives assigned to long-lived assets, including assets that may be subject to a management plan for disposition.
Long-lived assets held for sale are stated at the lower of cost or fair value less cost to sell. Long-lived assets held for use are subject to an impairment assessment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If the carrying value is no longer recoverable based upon the undiscounted future cash flows of the asset, the amount of the impairment is the difference between the carrying amount and the fair value of the asset.
Leases We determine if an arrangement is, or contains, a lease under which we are the lessee at the inception date. Operating lease assets are included in Other assets, with the related liabilities included in Accrued liabilities and Other long-term liabilities. Assets under finance leases, which primarily represent computer equipment, are included in Property, plant and equipment, net, with the related
liabilities included in Short-term debt and current portion of long-term debt and Long-term debt on the Consolidated Statements of Financial Position.
Operating lease assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. We use our estimated incremental borrowing rate in determining the present value of lease payments. Variable components of the lease payments such as fair market value adjustments, utilities and maintenance costs are expensed as incurred and not included in determining the present value. Our lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for operating leases is recognized on a straight-line basis over the lease term.
We have real property lease agreements with lease and non-lease components which are accounted for as a single lease component.
Asset Retirement Obligations
We record all known asset retirement obligations for which the liability’s fair value can be reasonably estimated, including certain asbestos removal, asset decommissioning and contractual lease restoration obligations. Recorded amounts are not material.
We also have known conditional asset retirement obligations, such as certain asbestos remediation and asset decommissioning activities to be performed in the future, that are not reasonably estimable due to insufficient information about the timing and method of settlement of the obligation. Accordingly, these obligations have not been recorded in the Consolidated Financial Statements. A liability for these obligations will be recorded in the period when sufficient information regarding timing and method of settlement becomes available to make a reasonable estimate of the liability’s fair value. In addition, there may be conditional asset retirement obligations that we have not yet discovered (e.g. asbestos may exist in certain buildings but we have not become aware of it through the normal course of business), and therefore, these obligations also have not been included in the Consolidated Financial Statements.
Goodwill and Other Acquired Intangibles
Goodwill and other acquired intangible assets with indefinite lives are not amortized, but are tested for impairment annually and when an event occurs or circumstances change such that it is more likely than not that an impairment may exist. Our annual testing date is April 1.
We test goodwill for impairment by performing a qualitative assessment or using a quantitative test. If we choose to perform a qualitative assessment and determine it is more likely than not that the carrying value of the net assets is more than the fair value of the related operations, the quantitative test is then performed; otherwise, no further testing is required. For operations where the quantitative test is used, we compare the carrying value of net assets to the estimated fair value of the related operations. If the fair value is determined to be less than carrying value, the shortfall up to the carrying value of the goodwill represents the amount of goodwill impairment.
Indefinite-lived intangibles consist of a brand and trade name and in-process research and development (IPR&D) acquired in business combinations. IPR&D is initially capitalized at fair value as an intangible asset with an indefinite life and assessed for impairment thereafter. IPR&D is reclassified to finite-lived acquired intangible assets when a project is completed and then amortized on a straight-line basis over the asset’s estimated useful life. We test these intangibles for impairment by comparing the carrying values to current projections of related discounted cash flows. Any excess carrying value over the amount of discounted cash flows represents the amount of the impairment.
Our finite-lived acquired intangible assets are amortized on a straight-line basis over their estimated useful lives as follows: developed technology, from 4 to 14 years; product know-how, from 6 to 30 years; customer base, from 3 to 17 years; distribution rights, from 3 to 27 years; and other, from 1 to 32 years. We evaluate the potential impairment of finite-lived acquired intangible assets whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If the carrying value is no longer recoverable based upon the undiscounted future cash flows of the asset, the amount of the impairment is the difference between the carrying amount and the fair value of the asset.
Investments
Time deposits are held-to-maturity investments that are carried at cost.
Available-for-sale debt securities include commercial paper, U.S. government agency securities and corporate debt securities. Available-for-sale debt securities are recorded at fair value, and unrealized gains and losses are recorded, net of tax, as a component of accumulated other comprehensive income. Realized gains and losses on available-for-sale debt securities are recognized based on the specific identification method. Available-for-sale debt securities are assessed for impairment quarterly.
The equity method of accounting is used to account for investments for which we have the ability to exercise significant influence, but not control, over an investee. Significant influence is generally deemed to exist if we have an ownership interest in the voting stock of an investee of between 20% and 50%. The cumulative earnings approach is used for cash flow classification of distributions received from equity method investments.
Other Equity investments are recorded at fair value, with gains and losses recorded through net earnings. Equity investments without readily determinable fair value are measured at cost, less impairments, plus or minus observable price changes. Equity investments without readily determinable fair value are assessed for impairment quarterly.
We classify investment income and loss on our Consolidated Statements of Operations based on whether the investment is operating or non-operating in nature. Operating investments align strategically and are integrated with our operations. Earnings from operating investments, including our share of income or loss from equity method investments, dividend income from other equity investments, and any impairments or gain/loss on the disposition of these investments, are recorded in (Loss)/Income from operating investments, net. Non-operating investments are those we hold for non-strategic purposes. Earnings from non-operating investments, including interest and dividends on marketable securities, and any impairments or gain/loss on the disposition of these investments are recorded in Other income, net.
Derivatives
All derivative instruments are recognized in the financial statements and measured at fair value regardless of the purpose or intent of holding them. We use derivative instruments to principally manage a variety of market risks. For our cash flow hedges, the derivative’s gain or loss is initially reported in comprehensive income and is subsequently reclassified into earnings in the same period(s) during which the hedged forecasted transaction affects earnings.
We have agreements to purchase and sell aluminum to address long-term strategic sourcing objectives and non-U.S. business requirements. We also hold certain other derivative instruments for economic purposes. These aluminum purchase and sale agreements and other derivative instruments are derivatives for accounting purposes but are not designated as hedges for accounting purposes. For these aluminum agreements and other derivative instruments not designated for hedge accounting treatment, the changes in their fair value are recorded in earnings immediately.
Allowances for Losses on Certain Financial Assets
We establish allowances for credit losses on accounts receivable, unbilled receivables, customer financing receivables and certain other financial assets. The adequacy of these allowances is assessed quarterly through consideration of factors such as customer credit ratings, bankruptcy filings, published or estimated credit default rates, age of the receivable, expected loss rates and collateral exposures. Collateral exposure is the excess of the carrying value of a financial asset over the fair value of the related collateral. We determine the creditworthiness of our customers by assigning internal credit ratings based upon publicly available information and information obtained directly from the customers. Our rating categories are comparable to those used by major credit rating agencies.
Customer financing receivables are collateralized by security in the related asset. We use a median calculated from published collateral values from multiple third-party aircraft value publications based on the type and age of the aircraft to determine the fair value of aircraft collateral. Under certain circumstances, we apply judgment based on the attributes of the specific aircraft or equipment, usually when the features or use of the aircraft vary significantly from the more generic aircraft attributes covered by outside publications.
We have entered into agreements with certain customers that would entitle us to look beyond the specific collateral underlying the receivable for purposes of determining the collateral exposure. Should the proceeds from the sale of the underlying collateral asset resulting from a default condition be insufficient to cover the carrying value of our receivable (creating a shortfall condition), these agreements would, for example, permit us to take the actions necessary to sell or retain certain other assets in which the customer has an equity interest and use the proceeds to cover the shortfall.
Commercial Aircraft Trade-in Commitments
In conjunction with signing a definitive agreement for the sale of new commercial aircraft (Sale Aircraft), we have entered into trade-in commitments with certain customers that give them the right to trade in used aircraft at a specified price.
Exposure related to trade-in commitments may take the form of:
(1)adjustments to revenue for the difference between the contractual trade-in price in the definitive agreement and our best estimate of the fair value of the trade-in aircraft as of the date of such agreement, which would be recognized upon delivery of the Sale Aircraft, and/or
(2)charges to cost of products for adverse changes in the fair value of trade-in aircraft that occur subsequent to signing of a definitive agreement for Sale Aircraft but prior to the purchase of the used trade-in aircraft. Estimates based on current aircraft values would be included in Accrued liabilities.
The fair value of trade-in aircraft is determined using aircraft-specific data such as model, age and condition, market conditions for specific aircraft and similar models, and multiple valuation sources. This process uses our assessment of the market for each trade-in aircraft, which in most instances begins years before the return of the aircraft. There are several possible markets in which we continually pursue opportunities to place used aircraft. These markets include, but are not limited to, the resale market, which could potentially include the cost of long-term storage; the leasing market, with the potential for refurbishment costs to meet the leasing customer’s requirements; or the scrap market. Trade-in aircraft valuation varies significantly depending on which market we determine is most likely for each aircraft. On a quarterly basis, we update our valuation analysis based on the actual activities associated with placing each aircraft into a market or using current published third-party aircraft valuations based on the type and age of the aircraft, adjusted for individual attributes and known conditions.
Warranties
In conjunction with certain product sales, we provide warranties that cover factors such as non-conformance to specifications and defects in material and design. The majority of our warranties are issued by our BCA segment. Generally, aircraft sales are accompanied by a 3 to 4-year standard warranty for systems, accessories, equipment, parts, and software manufactured by us or manufactured to certain standards under our authorization. These warranties are included in the programs’ estimate at completion. On occasion we have made commitments beyond the standard warranty obligation to correct fleet-wide major issues of a particular model, resulting in additional accrued warranty expense. Warranties issued by our BDS segment principally relate to sales of military aircraft and weapons systems. These sales are generally accompanied by a six month to two-year warranty period and cover systems, accessories, equipment, parts and software manufactured by us to certain contractual specifications. Estimated costs related to standard warranties are recorded in the period in which the related product delivery occurs. The warranty liability recorded at each balance sheet date reflects the estimated number of months of warranty coverage outstanding for products delivered times the average of historical monthly warranty payments, as well as additional amounts for certain major warranty issues that exceed a normal claims level. Estimated costs of these additional warranty issues are considered changes to the initial liability estimate.
We provide guarantees to certain commercial aircraft customers which include compensation provisions for failure to meet specified aircraft performance targets. We account for these performance guarantees as warranties. The estimated liability for these warranties is based on known and anticipated operational characteristics and forecasted customer operation of the aircraft relative to contractually specified performance targets, and anticipated settlements when contractual remedies are not specified. Estimated payments are recorded as a reduction of revenue at delivery of the related aircraft. We have agreements that require certain suppliers to compensate us for amounts paid to customers for failure of supplied equipment to meet specified performance targets. Claims against suppliers under these agreements are included in Inventories and recorded as a reduction in Cost of products at delivery of the related aircraft. These performance warranties and claims against suppliers are included in the programs’ estimate at completion.
Supplier Penalties
We record an accrual for supplier penalties when an event occurs that makes it probable we will incur a supplier penalty and the amount is reasonably estimable.
Guarantees
At the inception of a guarantee, we record a liability in Accrued liabilities for the fair value of the guarantee. For credit guarantees, the liability is equal to the present value of the expected loss. We determine the expected loss by multiplying the creditor’s default rate by the guarantee amount reduced by the expected recovery, if applicable. We also recognize a liability for the expected contingent loss at inception and adjust it each quarter.
v3.22.4
Goodwill and Acquired Intangibles
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Acquired Intangibles Goodwill and Acquired Intangibles
Changes in the carrying amount of goodwill for the years ended December 31, 2022 and 2021 were as follows:
Commercial
Airplanes		Defense, Space & SecurityGlobal ServicesOtherTotal
Balance at December 31, 2020$1,316 $3,224 $3,454 $87 $8,081 
Goodwill adjustments(11)(2)(13)
Balance at December 31, 2021$1,316 $3,224 $3,443 $85 $8,068 
Goodwill adjustments(11)(11)
Balance at December 31, 2022$1,316 $3,224 $3,432 $85 $8,057 
As of December 31, 2022 and 2021, we had indefinite-lived intangible assets with carrying amounts of $197 relating to trade names. As of December 31, 2022 and 2021, we had an indefinite-lived intangible asset with a carrying amount of $202 related to in process research and development for a next-generation air vehicle.
The gross carrying amounts and accumulated amortization of our acquired finite-lived intangible assets were as follows at December 31:
20222021
Gross
Carrying
Amount		Accumulated
Amortization		Gross
Carrying
Amount		Accumulated
Amortization
Distribution rights$2,546 $1,443 $2,554 $1,321 
Product know-how552 441 553 413 
Customer base1,356 777 1,360 721 
Developed technology621 545 626 526 
Other276 233 301 250 
Total$5,351 $3,439 $5,394 $3,231 
During 2020, we recorded impairments of $178 within Cost of Sales related to our distribution rights, primarily driven by airlines' decisions to retire certain aircraft. Amortization expense for acquired finite-lived intangible assets for the years ended December 31, 2022 and 2021 was $241 and $284. Estimated amortization expense for the five succeeding years is as follows:
20232024202520262027
Estimated amortization expense$234 $219 $194 $190 $172 
v3.22.4
Earnings Per Share
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per ShareBasic and diluted earnings per share are computed using the two-class method, which is an earnings allocation method that determines earnings per share for common shares and participating securities. The undistributed earnings are allocated between common shares and participating securities as if all earnings had been distributed during the period. Participating securities and common shares have equal rights to undistributed earnings.
Basic earnings per share is calculated by taking net earnings, less earnings available to participating securities, divided by the basic weighted average common shares outstanding.
Diluted earnings per share is calculated by taking net earnings, less earnings available to participating securities, divided by the diluted weighted average common shares outstanding.
The elements used in the computation of basic and diluted earnings per share were as follows:
(In millions - except per share amounts)
Years ended December 31,202220212020
Net loss available to common shareholders($4,935)($4,202)($11,873)
Basic
Basic weighted average shares outstanding
595.2 588.0 569.0 
Less: participating securities(2)
0.3 0.4 0.4 
Basic weighted average common shares outstanding
594.9 587.6 568.6 
Diluted
Basic weighted average shares outstanding
595.2 588.0 569.0 
Dilutive potential common shares(1)
Diluted weighted average shares outstanding
595.2 588.0 569.0 
Less: participating securities(2)
0.3 0.4 0.4 
Diluted weighted average common shares outstanding
594.9 587.6 568.6 
Net loss per share:
Basic
($8.30)($7.15)($20.88)
Diluted
(8.30)(7.15)(20.88)
(1)Diluted loss per share includes any dilutive impact of stock options, restricted stock units, performance-based restricted stock units and performance awards.
(2)Participating securities include certain instruments in our deferred compensation plan.
As a result of incurring a net loss in 2022, 2021 and 2020, potential common shares of 3.5 million, 2.6 million and 1.6 million, respectively, were excluded from diluted loss per share because the effect would have been antidilutive. The following table represents all shares that were excluded from the calculation of diluted loss per share during the respective period but may be dilutive potential common shares in future periods. This includes potential common shares that were excluded because the effect was either antidilutive or the performance condition was not met.
(Shares in millions)
Years ended December 31,202220212020
Performance awards 2.9 5.7 
Performance-based restricted stock units0.4 0.8 1.3 
Restricted stock units1.0 0.4 1.0 
Stock options0.8 0.3 
v3.22.4
Income Taxes
 12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The components of Loss before income taxes were:
Years ended December 31,202220212020
U.S.($5,457)($5,475)($14,882)
Non-U.S.435 442 406 
Total($5,022)($5,033)($14,476)
Income tax (benefit)/expense consisted of the following:
Years ended December 31,202220212020
Current tax (benefit)/expense
U.S. federal($58)($89)($3,968)
Non-U.S.142 147 148 
U.S. state(42)42 21 
Total current42 100 (3,799)
Deferred tax (benefit)/expense
U.S. federal(62)(855)652 
Non-U.S.(3)(12) 
U.S. state54 24 612 
Total deferred(11)(843)1,264 
Total income tax expense/(benefit)$31 ($743)($2,535)
Net income tax (refunds)/payments were ($1,317), ($1,480) and $37 in 2022, 2021 and 2020, respectively.
The following is a reconciliation of the U.S. federal statutory tax to actual income tax (benefit)/expense:
Years ended December 31,202220212020
AmountRateAmountRateAmountRate
U.S. federal statutory tax($1,054)21.0 %($1,057)21.0 %($3,039)21.0 %
Valuation allowance1,199 (23.9)512 (10.2)2,603 (18.0)
Research and development credits(204)4.1 (189)3.8 (284)2.0 
State income tax provision, net of effects on U.S. federal tax(90)1.8 (94)1.9 (168)1.2 
Tax on non-U.S. activities64 (1.3)47 (0.9)7 (0.1)
Impact of CARES Act (1)
(5)0.1 3 (0.1)(1,175)8.1 
Other provision adjustments121 (2.4)35 (0.8)108 (0.8)
Audit settlements(2)
(587)4.1 
Income tax expense/(benefit)$31 (0.6)%($743)14.7 %($2,535)17.5 %
(1)    On March 27, 2020, the CARES Act was enacted, which includes a five year net operating loss (NOL) carryback provision which enabled us to benefit from the 2020 U.S. federal tax NOL at the former federal tax rate of 35%. In 2022, 2021, and 2020, we recorded tax benefits of $5, tax expense of $3, and tax benefits of $1,175 related to the NOL carryback provision.
(2)    In the fourth quarter of 2020, we recorded a tax benefit of $587 related to the settlement of the 2015-2017 federal tax audit.
Significant components of our deferred tax assets/(liabilities) at December 31 were as follows:
20222021
Inventory and long-term contract methods of income recognition($4,369)($3,827)
Federal net operating loss, credit, interest and other carryovers(1)
2,082 1,522 
Fixed assets, intangibles and goodwill(1,641)(1,657)
Research expenditures1,464 
Pension benefits1,146 1,739 
Other employee benefits1,095 991 
State net operating loss, credit, interest and other carryovers(2)
1,021 929 
Accrued expenses and reserves 933 763 
Other postretirement benefit obligations660 913 
737 MAX customer concessions and other considerations425 682 
Other179 227 
Gross deferred tax assets/(liabilities) before valuation allowance$2,995 $2,282 
Valuation allowance(3,162)(2,423)
Net deferred tax assets/(liabilities) after valuation allowance($167)($141)
(1)     Of the deferred tax asset for federal net operating loss, credit, interest and other carryovers, $742 expires on or before December 31, 2042 and $1,340 may be carried over indefinitely.
(2)     Of the deferred tax asset for state net operating loss, credit, interest and other carryovers, $514 expires on or before December 31, 2042 and $507 may be carried over indefinitely.
Net deferred tax assets/(liabilities) at December 31 were as follows:
20222021
Deferred tax assets$12,301 $11,258 
Deferred tax liabilities(9,306)(8,976)
Valuation allowance(3,162)(2,423)
Net deferred tax assets/(liabilities)($167)($141)
The Company’s deferred income tax assets of $12,301 can be used in future years to offset taxable income and reduce income taxes payable. The Company’s deferred income tax liabilities of $9,306 will partially offset deferred income tax assets and result in higher taxable income in future years and increase income taxes payable. Tax law determines whether future reversals of temporary differences will result in taxable and deductible amounts that offset each other in future years. The particular years in which temporary differences result in taxable or deductible amounts generally are determined by the timing of the recovery of the related asset or settlement of the related liability. The deferred income tax assets and liabilities relate primarily to U.S. federal and state tax jurisdictions. From a U.S. federal tax perspective, the Company generated a tax NOL in 2020 that was carried back to prior years when the tax rate was 35% due to the CARES Act benefit as described above. The Company generated tax NOL in 2021 and interest carryovers in 2021 and 2022 that can be carried forward indefinitely and federal research and development credits that can be carried forward 20 years.
In the fourth quarter of 2020 and throughout 2021 and 2022, the Company was in a three-year cumulative pre-tax loss position. We also normalized earnings and other comprehensive income (OCI) for certain non-recurring items and reached a normalized three-year cumulative loss position in 2021. Adjustments to normalize earnings included non-recurring items for certain 737 MAX expenses, an agreement with the Department of Justice, severance costs and remeasurement gains and losses from the annual remeasurement of pension and other postretirement benefit obligations. For purposes of assessing the recoverability of deferred tax assets, the Company determined that it could not include future projected earnings in the analysis due to recent history of losses.
As of December 31, 2022 and 2021, the Company has recorded valuation allowances of $3,162 and $2,423 primarily for certain federal deferred tax assets, as well as for certain federal and state net operating loss and tax credit carryforwards. To measure the valuation allowance, the Company estimated in what year each of its deferred tax assets and liabilities would reverse using systematic and logical methods to estimate the reversal patterns. Based on these methods, deferred tax liabilities are assumed to reverse and generate taxable income over the next 5 to 10 years while deferred tax assets related to pension and other postretirement benefit obligations are assumed to reverse and generate tax deductions over the next 15 to 20 years. The valuation allowance primarily results from not having sufficient income from deferred tax liability reversals in the appropriate future periods to support the realization of deferred tax assets.
The increase in the valuation allowance during 2022 is primarily due to tax credits and other carryforwards generated in 2022 that cannot be realized in 2022. During 2022, the Company increased the valuation allowance by $739. This reflects a tax expense of $1,199 recorded in continuing operations and an increase of $18 related to the associated federal benefit of state impacts. This was partially offset by a tax benefit of $478 included in OCI primarily due to the net actuarial gains that resulted from the annual remeasurement of pension assets and liabilities.
Until the Company generates sustained levels of profitability, additional valuation allowances may have to be recorded with corresponding adverse impacts on earnings and/or OCI.
The Tax Cuts and Jobs Act (TCJA) one-time repatriation tax and Global Intangible Low Tax Income liabilities effectively taxed the undistributed earnings previously deferred from U.S. income taxes. We have not provided for deferred income taxes on the undistributed earnings from certain non-U.S. subsidiaries because such earnings are considered to be indefinitely reinvested. If such earnings were to be distributed, any deferred income taxes would not be significant.
As of December 31, 2022 and 2021, the amounts accrued for the payment of income tax-related interest and penalties included in the Consolidated Statements of Financial Position were not significant. The amounts of interest included in the Consolidated Statements of Operations were not significant for 2022, 2021 and 2020.
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
202220212020
Unrecognized tax benefits – January 1$858 $966 $1,476 
Gross increases – tax positions in prior periods17 64 44 
Gross decreases – tax positions in prior periods(51)(245)(581)
Gross increases – current period tax positions91 73 136 
Gross decreases – current period tax positions
Settlements(109)
Unrecognized tax benefits – December 31$915 $858 $966 
As of December 31, 2022, 2021 and 2020, the total amount of unrecognized tax benefits include $878, $790 and $734, respectively, that would affect the effective tax rate, if recognized. As of December 31, 2022, these amounts are primarily associated with the amount of research tax credits claimed and various other matters.
Federal income tax audits have been settled for all years prior to 2018. The Internal Revenue Service (IRS) began the 2018-2019 federal tax audit in the first quarter of 2021 and added tax year 2020 to the audit in the fourth quarter of 2021. We are also subject to examination in major state and international jurisdictions for the 2008-2021 tax years. We believe appropriate provisions for all outstanding tax issues have been made for all jurisdictions and all open years.
v3.22.4
Accounts Receivable, net
 12 Months Ended
Dec. 31, 2022
Accounts Receivable, after Allowance for Credit Loss [Abstract]  
Accounts Receivable, net Accounts Receivable, net
Accounts receivable at December 31 consisted of the following:
20222021
U.S. government contracts(1)
$800 $1,180 
Commercial Airplanes293 279 
Global Services(2)
1,390 1,456 
Defense, Space, & Security(2)
145 111 
Other5 5 
Less valuation allowance(116)(390)
Total$2,517 $2,641 
(1)Includes foreign military sales through the U.S. government
(2)Excludes U.S. government contracts
v3.22.4
Allowance for Losses on Financial Assets
 12 Months Ended
Dec. 31, 2022
Credit Loss [Abstract]  
Allowances for Losses on Financial Assets Allowances for Losses on Financial Assets
The change in allowances for expected credit losses for the years ended December 31, 2022 and 2021 consisted of the following:
Accounts receivableUnbilled receivablesOther Current AssetsCustomer financingOther AssetsTotal
Balance at January 1, 2021($444)($129)($72)($17)($140)($802)
Changes in estimates(24)(11)6 (1)(59)(89)
Write-offs77 49 4 13 143 
Recoveries1 1 
Balance at December 31, 2021(390)(91)(62)(18)(186)(747)
Balance at January 1, 2022(390)(91)(62)(18)(186)(747)
Changes in estimates2 21 (27)(37)(35)(76)
Write-offs260 47 4 133 444 
Recoveries12 12 
Balance at December 31, 2022($116)($23)($85)($55)($88)($367)
v3.22.4
Inventories
 12 Months Ended
Dec. 31, 2022
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories at December 31 consisted of the following:
20222021
Long-term contracts in progress$582 $872 
Commercial aircraft programs67,702 68,106 
Capitalized precontract costs(1)
794 648 
Commercial spare parts, used aircraft, general stock materials and other9,073 9,197 
Total$78,151 $78,823 
(1)    Capitalized precontract costs at December 31, 2022 includes amounts related to KC-46A Tanker, Commercial Crew, and T-7 Production Options. See Note 13.
Commercial Aircraft Programs
The decrease in commercial aircraft programs inventory during 2022 reflects a decrease in 737 and 787 inventory, offset by growth in 777X inventory. Commercial aircraft programs inventory includes approximately 250 737 aircraft and 100 787 aircraft at December 31, 2022 as compared with 335 737 aircraft and 110 787 aircraft at December 31, 2021.
At December 31, 2022 and 2021, commercial aircraft programs inventory included the following amounts related to the 737 program: deferred production costs of $2,955 and $1,296 and unamortized tooling and other non-recurring costs of $626 and $617. At December 31, 2022, $3,555 of 737 deferred production costs, unamortized tooling and other non-recurring costs are expected to be recovered from units included in the program accounting quantity that have firm orders, and $26 is expected to be recovered from units included in the program accounting quantity that represent expected future orders.
At December 31, 2022 and 2021, commercial aircraft programs inventory included the following amounts related to the 777X program: $4,059 and $3,363 of work in process, $1,330 and $652 of
deferred production costs, and $3,774 and $3,521 of unamortized tooling and other non-recurring costs. In April 2022, we decided to pause production of the 777X-9 during 2022 and 2023. The production pause is resulting in abnormal production costs that are being expensed as incurred until 777X-9 production resumes. We expensed abnormal production costs of $325 during the year ended December 31, 2022. The 777X program has near break-even margins at December 31, 2022.
During the fourth quarter of 2021, we determined that estimated costs to complete the 787 program plus costs already included in 787 inventory exceed estimated revenues from the program. The resulting reach-forward loss of $3,460 was recorded as a reduction to deferred production costs. At December 31, 2022 and 2021, commercial aircraft programs inventory included the following amounts related to the 787 program: deferred production costs of $12,689 and $11,693, $1,831 and $1,907 of supplier advances, and $1,722 and $1,815 of unamortized tooling and other non-recurring costs. At December 31, 2022, $9,881 of 787 deferred production costs, unamortized tooling and other non-recurring costs are expected to be recovered from units included in the program accounting quantity that have firm orders, and $4,530 is expected to be recovered from units included in the program accounting quantity that represent expected future orders. We are currently producing at abnormally low rates resulting in abnormal production costs that are being expensed as incurred. We expensed abnormal production costs of $1,240 and $468 during the years ended December 31, 2022 and 2021.
Commercial aircraft programs inventory included amounts credited in cash or other consideration (early issue sales consideration) to airline customers totaling $3,586 and $3,290 at December 31, 2022 and 2021.
v3.22.4
Contracts with Customers
 12 Months Ended
Dec. 31, 2022
Contracts with Customers [Abstract]  
Contracts with Customers Contracts with Customers
Unbilled receivables increased from $8,620 at December 31, 2021 to $8,634 at December 31, 2022, primarily driven by revenue recognized in excess of billings at BGS, partially offset by billings in excess of revenue recognized at BDS.
Advances and progress billings increased from $52,980 at December 31, 2021 to $53,081 at December 31, 2022, primarily driven by advances on orders received at BCA, partially offset by revenue recognized at BDS and BGS.
Revenues recognized for the years ended December 31, 2022 and 2021 from amounts recorded as Advances and progress billings at the beginning of each year were $12,087 and $11,336.
The following table summarizes our contract assets under long-term contracts that were unbillable or related to outstanding claims as of December 31:
UnbilledClaims
2022202120222021
Current$6,478 $5,870 $4 
Expected to be collected after one year2,179 2,841 $16 $11 
Less valuation allowance(23)(91)
Total$8,634 $8,620 $16 $15 
Unbilled receivables related to commercial customer incentives expected to be collected after one year were $117 and $131 at December 31, 2022 and 2021. Unbilled receivables related to claims are items that we believe are earned, but are subject to uncertainty concerning their determination or ultimate realization.
v3.22.4
Customer Financing
 12 Months Ended
Dec. 31, 2022
Customer Financing [Abstract]  
Customer Financing Customer Financing
Customer financing primarily relates to our BCC segment. Financing arrangements typically range in terms from 1 to 12 years and may include options to extend or terminate the lease. Certain leases include provisions to allow the lessee to purchase the underlying aircraft at a specified price.
Customer financing consisted of the following at December 31:
20222021
Financing receivables:
Investment in sales-type/finance leases$804 $944 
Notes385 412 
Total financing receivables1,189 1,356 
Less allowance for losses on receivables55 18 
Financing receivables, net1,134 1,338 
Operating lease equipment, at cost, less accumulated depreciation of $76 and $58
470 474 
Total$1,604 $1,812 
The components of investment in sales-type/finance leases at December 31 were as follows:
20222021
Minimum lease payments receivable$924 $1,099 
Estimated residual value of leased assets86 110 
Unearned income(206)(265)
Total$804 $944 
At December 31, 2022 and 2021, $405 and $378 were determined to be uncollectible financing receivables and placed on non-accrual status. The increase in allowance for losses on receivables during the year ended December 31, 2022 was primarily due to impacts of the war in Ukraine. Customer financing interest income received for the years ended December 31, 2022 and 2021 was $13 and $18.
There were no past due customer financing receivables as of December 31, 2022.
Our financing receivable balances at December 31, 2022 by internal credit rating category and year of origination consisted of the following:
Rating categoriesCurrent2021202020192018PriorTotal
BBB$68 $68 
BB$35 $218 $112 $39 $12 63 479 
B35 218 253 
CCC19 370 389 
Total carrying value of financing receivables$35 $253 $112 $58 $12 $719 $1,189 
At December 31, 2022, our allowance for losses related to receivables with ratings of CCC, B, BB and BBB. We applied default rates that averaged 100.0%, 31.5%, 2.9% and 0.1%, respectively, to the exposure associated with those receivables.
Customer Financing Exposure
The majority of our customer financing portfolio is concentrated in the following aircraft models at December 31:
20222021
717 Aircraft ($45 and $62 accounted for as operating leases)
$563 $603 
747-8 Aircraft (Accounted for as sales-type/finance leases)394 435 
737 Aircraft ($174 and $145 accounted for as operating leases)
186 163 
777 Aircraft ($209 and $225 accounted for as operating leases)
209 233 
MD-80 Aircraft (Accounted for as sales-type/finance leases)96 142 
757 Aircraft (Accounted for as sales-type/finance leases)107 126 
747-400 Aircraft ($0 and $1 accounted for as operating leases)
46 50 
Operating lease equipment primarily includes large commercial jet aircraft.
Impairment charges related to customer financing operating lease assets for the years ended December 31 were as follows:
202220212020
Boeing Capital$2 $23 $32 
Other Boeing5 8 (8)
Total$7 $31 $24 
Lease income recorded in Revenue on the Consolidated Statements of Operations for the years ended December 31, 2022 and 2021 included $69 and $54 from sales-type/finance leases, and $65 and $68 from operating leases. Profit at the commencement of sales-type leases was recorded in revenue for the years ended December 31, 2022 and 2021 in the amount of $28 and $78.
As of December 31, 2022, undiscounted cash flows for notes receivable, sales-type/finance and operating leases over the next five years and thereafter are as follows:
Notes receivableSales-type/finance leasesOperating leases
Year 1$201 $239 $61 
Year 218 161 50 
Year 319 131 47 
Year 421 118 43 
Year 522 116 43 
Thereafter104 159 61 
Total financing receipts385 924 305 
Less imputed interest(206)
Estimated unguaranteed residual values86 
Total$385 $804 $305 
At December 31, 2022 and December 31, 2021, unguaranteed residual values were $86 and $110. Guaranteed residual values at December 31, 2022 were not significant.
v3.22.4
Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant and Equipment
Property, plant and equipment at December 31 consisted of the following:
20222021
Land$376 $377 
Buildings and land improvements14,404 14,152 
Machinery and equipment15,844 15,692 
Construction in progress1,368 1,235 
Gross property, plant and equipment31,992 31,456 
Less accumulated depreciation(21,442)(20,538)
Total$10,550 $10,918 
Depreciation expense was $1,396, $1,488 and $1,533 for 2022, 2021 and 2020, respectively. Interest capitalized in 2022, 2021 and 2020 totaled $89, $76 and $81, respectively.
During 2022 and 2021, we acquired $101 and $46 of property, plant and equipment through non-cash investing and financing transactions. Accounts payable related to purchases of property, plant and equipment were $396 and $295 for the years ended December 31, 2022 and 2021.
v3.22.4
Investments
 12 Months Ended
Dec. 31, 2022
Investments [Abstract]  
Investments Investments
Our investments, which are recorded in Short-term and other investments or Investments, consisted of the following at December 31:
2022 2021
Equity method investments (1)
$948 $930 
Time deposits2,093 7,676 
Available for sale debt instruments479 464 
Equity and other investments36 45 
Restricted cash & cash equivalents (2)
33 52 
Total$3,589 $9,167 
(1)Dividends received were $111 and $77 during 2022 and 2021. Retained earnings at December 31, 2022 include undistributed earnings from our equity method investments of $141. During the third quarter of 2021, Boeing and AE Industrial Partners announced a strategic partnership to establish a dedicated aerospace venture fund. This transaction resulted in the deconsolidation of HorizonX and generated a gain of $117 which is included in (Loss)/income from operating investments, net.
(2)Reflects amounts restricted in support of our property sales, workers’ compensation programs and insurance premiums.
Allowance for losses on available for sale debt instruments are assessed quarterly. All instruments are considered investment grade and we have not recognized an allowance for credit losses as of December 31, 2022.
Equity Method Investments
Our equity method investments consisted of the following at December 31:
SegmentOwnership PercentagesInvestment Balance
2022 2021
United Launch Alliance
BDS
50%$587 $617 
OtherBCA, BDS, BGS and Other 361 313 
Total equity method investments$948 $930 
v3.22.4
Leases
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Leases Leases
Our operating lease assets primarily represent manufacturing and research and development facilities, warehouses and offices. Total operating lease expense was $421 and $380 for the years ended December 31, 2022 and 2021, of which $75 and $73 was attributable to variable lease expenses.
For the years ended December 31, 2022 and 2021, cash payments against operating lease liabilities totaled $294 and $301 and non-cash transactions totaled $245 and $443 to recognize operating assets and liabilities for new leases.
Supplemental Consolidated Statement of Financial Position information related to leases consisted of the following at December 31:
20222021
Operating leases:
Operating lease right-of-use assets$1,451$1,437
Current portion of lease liabilities276268
Non-current portion of lease liabilities1,3051,271
Total operating lease liabilities$1,581$1,539
Weighted average remaining lease term (years)
1213
Weighted average discount rate4.13%3.82%
Maturities of operating lease liabilities for the next five years are as follows:
Operating leases
2023$316 
2024259 
2025224 
2026191 
2027151 
Thereafter1,039 
Total lease payments2,180 
Less imputed interest(599)
Total$1,581 
As of December 31, 2022, we have entered into leases that have not yet commenced of $420, primarily for a maintenance, repair and overhaul hangar that will support military aircraft programs. These leases will commence in 2023 with lease terms of 3 years to 25 years.
v3.22.4
Liabilities, Commitments and Contingencies
 12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Liabilities, Commitments and Contingencies Liabilities, Commitments and Contingencies
Accrued Liabilities
Accrued liabilities at December 31 consisted of the following:
20222021
Accrued compensation and employee benefit costs$6,351 $6,037 
737 MAX grounding customer concessions and other considerations1,864 2,940 
Other customer concessions and considerations1,102 240 
Environmental752 605 
Product warranties2,275 1,900 
Forward loss recognition4,060 2,014 
Accrued interest payable599 641 
Current portion of lease liabilities276 268 
Current portion of retiree healthcare and pension liabilities494 536 
Other3,808 3,274 
Total$21,581 $18,455 
737 MAX Grounding
The following table summarizes changes in the 737 MAX customer concessions and other considerations liability during 2022 and 2021.
20222021
Beginning balance – January 1$2,940 $5,537 
Reductions for payments made(1,031)(2,535)
Reductions for concessions and other in-kind considerations(29)(48)
Changes in estimates(16)(14)
Ending balance – December 31$1,864 $2,940 
The liability balance of $1.9 billion at December 31, 2022 includes $1.6 billion of contracted customer concessions and other liabilities and $0.3 billion that remains subject to negotiation with customers. The contracted amount includes $0.8 billion expected to be liquidated by lower customer delivery payments, $0.7 billion expected to be paid in cash and $0.1 billion in other concessions. Of the cash payments to customers, we expect to pay $0.1 billion in 2023 and the remaining $0.6 billion in future years. The type of consideration to be provided for the remaining $0.3 billion will depend on the outcomes of negotiations with customers.
Environmental
The following table summarizes environmental remediation activity during the years ended December 31, 2022 and 2021.
20222021
Beginning balance – January 1$605 $565 
Reductions for payments made, net of recoveries(43)(59)
Changes in estimates190 99 
Ending balance – December 31$752 $605 
The liabilities recorded represent our best estimate or the low end of a range of reasonably possible costs expected to be incurred to remediate sites, including operation and maintenance over periods of up to 30 years. It is reasonably possible that we may incur charges that exceed these recorded amounts because of regulatory agency orders and directives, changes in laws and/or regulations, higher than expected costs and/or the discovery of new or additional contamination. As part of our estimating process, we develop a range of reasonably possible alternate scenarios that includes the high end of a range of reasonably possible cost estimates for all remediation sites for which we have sufficient information based on our experience and existing laws and regulations. There are some potential remediation obligations where the costs of remediation cannot be reasonably estimated. At December 31, 2022 and 2021, the high end of the estimated range of reasonably possible remediation costs exceeded our recorded liabilities by $1,058 and $1,094.
Product Warranties
The following table summarizes product warranty activity recorded during the years ended December 31, 2022 and 2021.
20222021
Beginning balance – January 1$1,900 $1,527 
Additions for current year deliveries202 116 
Reductions for payments made(403)(241)
Changes in estimates576 498 
Ending balance – December 31$2,275 $1,900 
Commercial Aircraft Trade-In Commitments
In conjunction with signing definitive agreements for the sale of new aircraft, we have entered into trade-in commitments with certain customers that give them the right to trade in used aircraft at a specified price. The probability that trade-in commitments will be exercised is determined by using both quantitative information from valuation sources and qualitative information from other sources. The probability of exercise is assessed quarterly, or as events trigger a change, and takes into consideration the current economic and airline industry environments. Trade-in commitments, which can be terminated by mutual consent with the customer, may be exercised only during the period specified in the agreement and require advance notice by the customer.
Trade-in commitment agreements at December 31, 2022 have expiration dates from 2023 through 2029. At December 31, 2022 and 2021, total contractual trade-in commitments were $1,117 and $612. As of December 31, 2022 and 2021, we estimated that it was probable we would be obligated to perform on certain of these commitments with net amounts payable to customers totaling $286 and $283, and the fair value of the related trade-in aircraft was $286 and $283.
Financing Commitments
Financing commitments related to aircraft on order, including options and those proposed in sales campaigns, and refinancing of delivered aircraft, totaled $16,105 and $12,905 as of December 31, 2022 and 2021. The estimated earliest potential funding dates for these commitments as of December 31, 2022 are as follows:
Total
2023$3,084 
20242,608 
20253,381 
20262,555 
20271,520 
Thereafter2,957 
$16,105 
As of December 31, 2022, all of these financing commitments relate to customers we believe have less than investment-grade credit. We have concluded that no reserve for future potential losses is required for these financing commitments based upon the terms, such as collateralization and interest rates, under which funding would be provided.
Other Financial Commitments
We have financial commitments to make additional capital contributions totaling $270 related to certain joint ventures over the next five years.
Standby Letters of Credit and Surety Bonds
We have entered into standby letters of credit and surety bonds with financial institutions primarily relating to the guarantee of our future performance on certain contracts and security agreements. Contingent liabilities on outstanding letters of credit agreements and surety bonds aggregated approximately $5,070 and $3,634 as of December 31, 2022 and 2021.
Company Owned Life Insurance
McDonnell Douglas Corporation insured its executives with Company Owned Life Insurance (COLI), which are life insurance policies with a cash surrender value. Although we do not use COLI currently, these obligations from the merger with McDonnell Douglas are still a commitment at this time. We have loans in place to cover costs paid or incurred to carry the underlying life insurance policies. As of December 31, 2022 and 2021, the cash surrender value was $376 and $374 and the total loans were $346 and $360. As we have the right to offset the loans against the cash surrender value of the policies, we present the net asset in Other assets on the Consolidated Statements of Financial Position as of December 31, 2022 and 2021.
Government Assistance
In 2022, we adopted Accounting Standards Update (ASU) 2021-10, Government Assistance (Topic 832), which requires certain disclosures for those government assistance transactions for which we have applied a grant accounting model. Certain states and localities in which we operate offer or have offered various business incentives related to investment and/or job creation.
Between 2010 and 2016, we received cash grants totaling $346 related to our investment in operations in South Carolina. The grants were recorded in Other liabilities and are being amortized, primarily to
inventory, over the useful life of the Property, plant and equipment extending through 2052. During 2022, we amortized $11 to Inventory, and recorded a benefit of $5 in Cost of Sales. At December, 31, 2022, inventory included a benefit of $64 and Accrued liabilities included a balance of $106.
We are eligible to claim tax refunds from the State of Missouri and City of Irving, Texas primarily related to job creation and retention through 2031. During 2022, we received $30 in cash and recorded a benefit of $21 in Cost of sales. At December 31, 2022, Other current assets includes receivables of $20. As of December 31, 2022, $56 of refunds, plus interest, is subject to clawback if we fail to meet certain conditions, including employment levels.
We are eligible to claim cash grants through 2032 of up to $62, related to operations in Queensland, Australia. During 2022, $7 cash was received and recorded as a benefit in Cost of Sales. At December 31, 2022, $4 is subject to clawback if we fail to meet certain conditions, including employment levels.
Industrial Revenue Bonds (IRB) issued by St. Louis County were used to finance the purchase and/or construction of real and personal property at our St. Louis site. Tax benefits associated with IRBs include a twelve-year property tax abatement and sales tax exemption from St. Louis County. We record these properties on our Consolidated Statements of Financial Position. We have also purchased the IRBs and therefore are the bondholders as well as the borrower/lessee of the properties purchased with the IRB proceeds. The liabilities and IRB assets are equal and are reported net in the Consolidated Statements of Financial Position. As of December 31, 2022 and 2021, the assets and liabilities associated with the IRBs were $271.
Recoverable Costs on Government Contracts
Our final incurred costs for each year are subject to audit and review for allowability by the U.S. government, which can result in payment demands related to costs they believe should be disallowed. We work with the U.S. government to assess the merits of claims and where appropriate reserve for amounts disputed. If we are unable to satisfactorily resolve disputed costs, we could be required to record an earnings charge and/or provide refunds to the U.S. government.
Fixed-Price Contracts
Substantially all contracts at BDS and the majority of contracts at BGS Government are long-term contracts. Long-term contracts that are contracted on a fixed-price basis could result in losses in future periods. Certain of the fixed-price contracts are for the development of new products, services and related technologies. This development work scope is inherently uncertain and subject to significant variability in estimates of the cost and time required to complete the work by us and our suppliers. The operational and technical complexities of fixed-price development contracts create financial risk, which could trigger additional earnings charges, termination provisions, order cancellations, or other financially significant exposure.
VC-25B Presidential Aircraft
The Company’s firm fixed-price contract for the Engineering, Manufacturing, and Development (EMD) effort on the U.S. Air Force’s (USAF) VC-25B Presidential Aircraft, commonly known as Air Force One, is a $4.3 billion program to develop and modify two 747-8 commercial aircraft. During the year ended December 31, 2022, we increased the reach-forward loss on the contract by $1,452 primarily driven by increases to cost estimates associated with factory modification labor and support engineering resources due to labor instability and inefficiencies that we now estimate will persist longer than previously anticipated, higher supplier cost estimates based on ongoing supplier negotiations and higher levels of engineering design changes due to technical requirements which are driving increased rework and schedule delays. Risk remains that we may record additional losses in future periods.
KC-46A Tanker
In 2011, we were awarded a contract from the USAF to design, develop, manufacture, and deliver four next generation aerial refueling tankers as well as priced options for 13 annual production lots totaling 179 aircraft. This EMD contract is a fixed-price incentive fee contract and involves highly complex designs and systems integration. Since 2016, the USAF has authorized eight low rate initial production (LRIP) lots for a total of 109 aircraft. The EMD contract and authorized LRIP lots total approximately $21 billion as of December 31, 2022. As of December 31, 2022, we had approximately $209 of capitalized precontract costs and $292 of potential termination liabilities to suppliers related to unexercised future lots.
During the year ended December 31, 2022, we increased the reach-forward loss on the KC-46A Tanker program by $1,374 primarily reflecting higher production and supply chain costs partially driven by labor instability and supply chain disruption, most of which was recorded during the third quarter of 2022. The increase in production costs was primarily driven by factory unit time performance expectations that assume continued production disruption due to labor instability and supply chain disruption. Factory unit time estimates also reflect reduced benefits from prior investments in productivity enablers and higher factory unit time to produce aircraft for the remaining life of the program. The current year losses also reflect increased estimated change incorporation costs for flight test aircraft as well as schedule delays to complete the Remote Vision System. Risk remains that we may record additional losses in future periods.
MQ-25
In the third quarter of 2018, we were awarded the MQ-25 EMD contract by the U.S. Navy. The contract is a fixed-price contract that now includes development and delivery of seven aircraft and test articles at a contract price of $890. In connection with winning the competition, we recognized a reach-forward loss of $291 in the third quarter of 2018. During the year ended December 31, 2022, we increased the MQ-25 reach-forward loss by $579 primarily driven by higher than anticipated costs to manufacture the EMD units reflecting recent performance which is resulting in additional factory resources and increased engineering costs to address design and supplier quality issues. We also increased costs associated with engineering design challenges, additional testing and certification activities, and flight test support. Risk remains that we may record additional losses in future periods.
T-7A Red Hawk EMD Contract & Production Options
In 2018, we were awarded the T-7A Red Hawk program. The EMD portion of the contract is a $860 fixed-price contract and includes five aircraft and seven simulators. During the year ended December 31, 2022, we recorded earnings charges of $203 related to the T-7A Red Hawk fixed-price EMD contract, which has a reach-forward loss at December 31, 2022. Current year losses were primarily due to supply chain and hardware qualification issues, as well as schedule delays in achieving Military Flight Release and additional cost growth to resolve technical issues and other engineering design changes identified during 2022. EMD aircraft flight testing is now estimated to start in 2023.
The production portion of the contract includes 11 production lots for aircraft and related services. In 2018, we recorded a loss of $400 associated with the 11 production lots and associated support options for 346 T-7A Red Hawk aircraft that we believe are probable of being exercised. The first production and support contract option is expected to be exercised in 2024. We increased the estimated reach-forward loss by $552 during the year ended December 31, 2022 primarily driven by ongoing supply chain negotiations (which are impacted by supply chain constraints and inflationary pressures), and design revisions, as well as an increase in the number of expected units in the initial production lots. Risk remains that we may record additional losses in future periods. At December 31, 2022, we had approximately $56 of capitalized precontract costs and $283 of potential termination liabilities to suppliers related to future production lots.
Commercial CrewNASA has contracted us to design and build the CST-100 Starliner spacecraft to transport crews to the International Space Station. During the second quarter of 2022 we successfully completed the uncrewed Orbital Flight Test. A crewed flight test is now expected to be completed in 2023. During the year ended December 31, 2022, we increased the reach-forward loss by $288 primarily reflecting increases to estimated costs related to completing the crewed flight tests and revised schedules for both the crewed flight test and three post certification missions. Most of this increase was recorded in the third quarter of 2022, primarily driven by timing of the three future post certification missions which are now assumed to be completed by 2026 based on NASA’s revised launch plans. We had previously assumed that the post certification missions would be completed by 2024. Risk remains that we may record additional losses in future periods. At December 31, 2022, we had approximately $180 of capitalized precontract costs and $159 of potential termination liabilities to suppliers related to unauthorized future missions.
v3.22.4
Arrangements with Off-Balance Sheet Risk
 12 Months Ended
Dec. 31, 2022
Guarantees [Abstract]  
Arrangements with Off-Balance Sheet Risk Arrangements with Off-Balance Sheet Risk
We enter into arrangements with off-balance sheet risk in the normal course of business, primarily in the form of guarantees.
The following table provides quantitative data regarding our third party guarantees. The maximum potential payments represent a “worst-case scenario” and do not necessarily reflect amounts that we expect to pay. The carrying amount of liabilities represents the amount included in Accrued liabilities.
Maximum
Potential
Payments		Estimated
Proceeds from
Collateral/
Recourse		Carrying
Amount of
Liabilities
December 31,202220212022202120222021
Contingent repurchase commitments$514 $548 $514 $548 
Credit guarantees45 90 28 $27 $24 
Contingent Repurchase Commitments In conjunction with signing a definitive agreement for the sale of commercial aircraft, we have entered into contingent repurchase commitments with certain customers wherein we agree to repurchase the sold aircraft at a specified price, generally 10 to 15 years after delivery. Our repurchase of the aircraft is contingent upon entering into a mutually acceptable agreement for the sale of additional new aircraft in the future. The commercial aircraft repurchase price specified in contingent repurchase commitments is generally lower than the expected fair value at the specified repurchase date. Estimated proceeds from collateral/recourse in the table above represent the lower of the contracted repurchase price or the expected fair value of each aircraft at the specified repurchase date.
If a future sale agreement is reached and a customer elects to exercise its right under a contingent repurchase commitment, the contingent repurchase commitment becomes a trade-in commitment. Our historical experience is that contingent repurchase commitments infrequently become trade-in commitments.
Credit Guarantees We have issued credit guarantees where we are obligated to make payments to a guaranteed party in the event that the original lessee or debtor does not make payments or perform certain specified services. Generally, these guarantees have been extended on behalf of guaranteed parties with less than investment-grade credit and are collateralized by certain assets. Current outstanding credit guarantees expire through 2036.
Other Indemnifications In conjunction with our sales of Electron Dynamic Devices, Inc. and Rocketdyne Propulsion and Power businesses and our BCA facilities in Wichita, Kansas and Tulsa and McAlester, Oklahoma, we agreed to indemnify, for an indefinite period, the buyers for costs relating to pre-closing environmental conditions and certain other items. We are unable to assess the potential number of future claims that may be asserted under these indemnifications, nor the amounts thereof (if any). As a result, we cannot estimate the maximum potential amount of future payments under these indemnities and therefore, no liability has been recorded. To the extent that claims have been made under these indemnities and/or are probable and reasonably estimable, liabilities associated with these indemnities are included in the environmental liability disclosure in Note 13.
v3.22.4
Debt
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Debt Debt
In the third quarter of 2022, we entered into a $5,800 364-day revolving credit agreement expiring in August 2023, a $3,000 three-year revolving credit agreement expiring in August 2025, and amended our $3,200 five-year revolving credit agreement, which expires in October 2024, primarily to incorporate a LIBOR successor rate. The 364-day credit facility has a one-year term out option which allows us to extend the maturity of any borrowings one year beyond the aforementioned expiration date. As of December 31, 2022, we had $12,000 currently available under credit line agreements. We continue to be in full compliance with all covenants contained in our debt or credit facility agreements.
Interest incurred, including amounts capitalized, was $2,650, $2,790 and $2,280 for the years ended December 31, 2022, 2021 and 2020, respectively. Interest expense recorded by BCC is reflected as Boeing Capital interest expense on our Consolidated Statements of Operations. Total Company interest payments were $2,572, $2,583 and $1,925 for the years ended December 31, 2022, 2021 and 2020, respectively.
Short-term debt and current portion of long-term debt at December 31 consisted of the following:
20222021
Unsecured debt$5,103 $1,155 
Finance lease obligations65 61 
Other notes22 80 
Total$5,190 $1,296 
Debt at December 31 consisted of the following:
20222021
Unsecured debt
1.17% - 2.50% due through 2026
$11,846 12,404 
2.60% - 3.20% due through 2030
6,412 7,001 
3.25% - 3.90% due through 2059
9,576 9,570 
3.95% - 5.15% due through 2059
14,035 13,993 
5.71% - 6.63% due through 2060
13,011 13,008 
6.88% - 8.75% due through 2043
1,854 1,853 
Other debt and notes
Finance lease obligations due through 2044
206 180 
Other notes61 93 
Total debt$57,001 $58,102 
Scheduled principal payments for debt and minimum finance lease obligations for the next five years are as follows:
20232024202520262027
Debt$5,128 $5,081 $4,306 $7,966 $3,300 
Minimum finance lease obligations$69 $52 $41 $22 $5 
v3.22.4
Postretirement Plans
 12 Months Ended
Dec. 31, 2022
Retirement Benefits, Description [Abstract]  
Postretirement Plans Postretirement Plans
Many of our employees have earned benefits under defined benefit pension plans. The majority of employees that had participated in defined benefit pension plans have transitioned to a company-funded defined contribution retirement savings plan.
We fund our major pension plans through trusts. Pension assets are placed in trust solely for the benefit of the plans’ participants and are structured to maintain liquidity that is sufficient to pay benefit obligations as well as to keep pace over the long-term with the growth of obligations for future benefit payments.
We also have other postretirement benefits (OPB) other than pensions which consist principally of health care coverage for eligible retirees and qualifying dependents, and to a lesser extent, life insurance to certain groups of retirees. Retiree health care is provided principally until age 65 for approximately three-fourths of those participants who are eligible for health care coverage. Certain employee groups, including employees covered by most United Auto Workers bargaining agreements, are provided lifetime health care coverage.
The funded status of the plans is measured as the difference between the plan assets at fair value and the projected benefit obligation (PBO). We have recognized the aggregate of all overfunded plans in Other assets and the aggregate of all underfunded plans in either Accrued retiree health care or Accrued pension plan liability, net. The portion of the amount by which the actuarial present value of benefits included in the PBO exceeds the fair value of plan assets, payable in the next 12 months, is reflected in Accrued liabilities.
The components of net periodic benefit (income)/cost were as follows:
PensionOther Postretirement Benefits
Years ended December 31,202220212020202220212020
Service cost$3 $3 $3 $72 $87 $89 
Interest cost2,080 1,988 2,455 98 97 130 
Expected return on plan assets(3,789)(3,848)(3,756)(10)(7)(9)
Amortization of prior service credits(81)(80)(80)(35)(35)(38)
Recognized net actuarial loss/(gain)913 1,219 1,032 (111)(56)(63)
Settlement/curtailment (gain)/loss(4)193 9 (4)
Net periodic benefit (income)/cost($878)($525)($337)$14 $86 $105 
Net periodic benefit cost included in Loss from operations$3 $3 $3 $79 $90 $91 
Net periodic benefit (income)/cost included in Other income, net(881)(528)(340)(58)(1)16 
Net periodic benefit (income)/cost included in Loss before income taxes
($878)($525)($337)$21 $89 $107 
The following tables show changes in the benefit obligation, plan assets and funded status of both pensions and OPB for the years ended December 31, 2022 and 2021. Benefit obligation balances presented below reflect the PBO for our pension plans and accumulated postretirement benefit obligations (APBO) for our OPB plans.
PensionOther Postretirement Benefits
2022202120222021
Change in benefit obligation
Beginning balance$75,635 $82,415 $4,092 $4,693 
Service cost3 3 72 87 
Interest cost2,080 1,988 98 97 
Amendments1  
Actuarial (gain)/loss(17,605)(3,249)(914)(401)
Settlement/other (870)
Gross benefits paid(4,971)(4,653)(406)(411)
Subsidies 39 26 
Exchange rate adjustment(26)1 (3)1 
Ending balance$55,117 $75,635 $2,978 $4,092 
Change in plan assets
Beginning balance at fair value$67,813 $68,696 $172 $160 
Actual return on plan assets(13,141)4,477 (27)21 
Company contribution2 11 
Plan participants’ contributions 6 6 
Settlement payments
 (870)
Benefits paid(4,824)(4,502)(11)(15)
Exchange rate adjustment(25)1 
Ending balance at fair value$49,825 $67,813 $140 $172 
Amounts recognized in statement of financial position at December 31 consist of:
Other assets$987 $1,426 $21 
Accrued liabilities(138)(144)(356)($392)
Accrued retiree health care(2,503)(3,528)
Accrued pension plan liability, net(6,141)(9,104)
Net amount recognized($5,292)($7,822)($2,838)($3,920)
Amounts recognized in Accumulated other comprehensive loss at December 31 were as follows:
PensionOther Postretirement Benefits
2022202120222021
Net actuarial loss/(gain)$17,448 $19,031 ($1,862)($1,092)
Prior service credits(1,224)(1,306)(41)(76)
Total recognized in Accumulated other comprehensive loss$16,224 $17,725 ($1,903)($1,168)
The accumulated benefit obligation (ABO) for all pension plans was $54,481 and $74,199 at December 31, 2022 and 2021. Key information for our plans with ABO and PBO in excess of plan assets as of December 31 was as follows:
20222021
Accumulated benefit obligation$48,134 $66,406 
Fair value of plan assets42,491 58,593 
20222021
Projected benefit obligation$48,770 $67,841 
Fair value of plan assets42,491 58,593 
Assumptions
The following assumptions, which are the weighted average for all plans, are used to calculate the benefit obligation at December 31 of each year and the net periodic benefit cost for the subsequent year.
December 31,202220212020
Discount rate:
Pension5.40 %2.80 %2.50 %
Other postretirement benefits5.30 %2.50 %2.00 %
Expected return on plan assets6.00 %6.30 %6.50 %
Rate of compensation increase4.30 %4.30 %4.30 %
Interest crediting rates for cash balance plans5.00 %5.00 %5.00 %
The discount rate for each plan is determined based on the plans’ expected future benefit payments using a yield curve developed from high quality bonds that are rated as Aa or better by at least half of the four rating agencies utilized as of the measurement date. The yield curve is fitted to yields developed from bonds at various maturity points. Bonds with the ten percent highest and the ten percent lowest yields are omitted. The present value of each plan’s benefits is calculated by applying the discount rates to projected benefit cash flows.
The pension fund’s expected return on plan assets assumption is derived from a review of actual historical returns achieved by the pension trust and anticipated future long-term performance of individual asset classes. While consideration is given to historical returns, the assumption represents a long-term, prospective return. The expected return on plan assets component of the net periodic benefit cost for the upcoming plan year is determined based on the expected return on plan assets assumption and the market-related value of plan assets (MRVA). Since our adoption of the accounting standard for pensions in 1987, we have determined the MRVA based on a five-year moving average of plan assets. As of December 31, 2022, the MRVA was approximately $10,131 more than the fair market value of assets.
Assumed health care cost trend rates were as follows:
December 31,202220212020
Health care cost trend rate assumed next year5.50 %4.50 %4.50 %
Ultimate trend rate4.50 %4.50 %4.50 %
Year that trend reaches ultimate rate202820212021
Plan Assets
Investment Strategy The overall objective of our pension assets is to earn a rate of return over time to satisfy the benefit obligations of the pension plans and to maintain sufficient liquidity to pay benefits and address other cash requirements of the pension fund. Specific investment objectives for our long-term investment strategy include reducing the volatility of pension assets relative to pension liabilities, achieving a competitive total investment return, achieving diversification between and within asset classes and managing other risks. Investment objectives for each asset class are determined based on specific risks and investment opportunities identified.
We periodically update our long-term, strategic asset allocations. We use various analytics to determine the optimal asset mix and consider plan liability characteristics, liquidity characteristics, funding requirements, expected rates of return and the distribution of returns. A key element of our strategy is to de-risk the plan as the funded status of the plan increases. During 2022, the funded status of the plans increased as compared to 2021, and additional assets were reallocated to fixed income. The changes in the asset allocation are reflected in the table below. We identify investment benchmarks to evaluate performance for the asset classes in the strategic asset allocation that are market-based and investable where possible. Actual allocations to each asset class vary from target allocations due to periodic investment strategy changes, market value fluctuations, the length of time it takes to fully implement investment allocation positions, and the timing of benefit payments and contributions. Short-term investments and exchange-traded derivatives are used to rebalance the actual asset allocation to the target asset allocation. The asset allocation is monitored and rebalanced frequently. The actual and target allocations by asset class for the pension assets at December 31 were as follows:
Actual AllocationsTarget Allocations
Asset Class2022202120222021
Fixed income63 %61 %63 %63 %
Global equity14 16 20 20 
Private equity8 8 4 4 
Real estate and real assets8 8 7 7 
Hedge funds7 7 6 6 
Total100 %100 %100 %100 %
Fixed income securities are invested primarily in a diversified portfolio of long duration instruments as well as Emerging Market, Structured, High Yield and Private Debt. Global equity securities are invested in a diversified portfolio of U.S. and non-U.S. companies, across various industries and market capitalizations.
Private equity investment vehicles are primarily limited partnerships (LPs) that mainly invest in U.S. and non-U.S. leveraged buyout, venture capital, growth and special situation strategies. Real estate and real assets include global private investments that may be held through investments in LPs or other fund structures. Real estate includes, but is not limited to, investments in office, retail, apartment and industrial properties. Real assets include, but are not limited to, investments in natural resources (such as energy, farmland and timber), commodities and infrastructure.
Hedge fund investments seek to capitalize on inefficiencies identified across and within different asset classes or markets. Hedge fund strategy types include, but are not limited to, directional, event driven, relative value and long-short.
Investment managers are retained for explicit investment roles specified by contractual investment guidelines. Certain investment managers are authorized to use derivatives, such as equity or bond futures, swaps, options and currency futures or forwards. Derivatives are used to achieve the desired
market exposure of a security or an index, transfer value-added performance between asset classes, achieve the desired currency exposure, adjust portfolio duration or rebalance the total portfolio to the target asset allocation.
As a percentage of total pension assets, derivative net notional amounts were 37.1% and 33.4% for fixed income, including to-be-announced mortgage-backed securities and treasury forwards, and (5.6%) and (5.4%) for global equity and commodities at December 31, 2022 and 2021.
In November 2020, the Company elected to contribute $3,000 of our common stock to the pension fund. An independent fiduciary was retained to manage and liquidate the stock over time at its discretion. Plan assets included $1,782 and $1,883 of our common stock as of December 31, 2022 and 2021.
Risk Management In managing the pension assets, we review and manage risk associated with funded status risk, interest rate risk, market risk, counterparty risk, liquidity risk and operational risk. Liability matching and asset class diversification are central to our risk management approach and are integral to the overall investment strategy. Further, asset classes are constructed to achieve diversification by investment strategy, by investment manager, by industry or sector and by holding. Investment manager guidelines for publicly traded assets are specified and are monitored regularly through the custodian. Credit parameters for counterparties have been established for managers permitted to trade over-the-counter derivatives. Valuation is governed through several types of procedures, including reviews of manager valuation policies, custodian valuation processes, pricing vendor practices, pricing reconciliation and periodic, security-specific valuation testing.
Fair Value Measurements The following table presents our plan assets using the fair value hierarchy as of December 31, 2022 and 2021. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value. Level 1 refers to fair values determined based on quoted prices in active markets for identical assets. Level 2 refers to fair values estimated using significant other observable inputs and Level 3 includes fair values estimated using significant unobservable inputs.
December 31, 2022December 31, 2021
TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Fixed income securities:
Corporate$15,095 $15,025 $70 $20,573 $20,520 $53 
U.S. government and agencies
7,827 7,827 11,285 11,285 
Mortgage backed and asset backed
664 502 162 777 675 102 
Municipal843 811 32 1,064 1,035 29 
Sovereign706 706 1,135 1,126 9 
Other 8 $8 3 $3 
Derivatives:
Assets36 36 62 62 
Liabilities(87)(87)(48)(48)
Cash equivalents and other short-term investments
571 571 448 448 
Equity securities:
U.S. common and preferred stock
2,931 2,931 4,463 4,463 
Non-U.S. common and preferred stock
2,023 2,023 3,345 3,340 5 
Boeing company stock1,782 1,782 1,883 1,883 
Derivatives:
Assets1 1 
Liabilities(1)(1)(1)(1)
Private equity
Real estate and real assets:
Real estate413 413 
Real assets362 310 47 5 784 749 35 
Derivatives:
Assets1 1 8 8 
Liabilities(8)(7)(1)(2)(2)
Total$32,753 $7,054 $25,431 $268 $46,193 $10,851 $35,144 $198 
Fixed income common/collective/pooled funds$1,511 $1,712 
Fixed income other832 747 
Equity common/collective/ pooled funds2,757 4,561 
Private equity4,239 5,100 
Real estate and real assets3,525 3,952 
Hedge funds3,391 4,717 
Total investments measured at NAV as a practical expedient$16,255 $20,789 
Cash$409 $520 
Receivables541 454 
Payables(133)(143)   
Total$49,825 $67,813 
Fixed income securities are primarily valued upon a market approach, using matrix pricing and considering a security’s relationship to other securities for which quoted prices in an active market may be available, or an income approach, converting future cash flows to a single present value amount.
Inputs used in developing fair value estimates include reported trades, broker quotes, benchmark yields and base spreads.
Common/collective/pooled funds are typically common or collective trusts valued at their net asset values (NAVs) that are calculated by the investment manager or sponsor of the fund and have daily or monthly liquidity.
Derivatives included in the table above are over-the-counter and are primarily valued using an income approach with inputs that include benchmark yields, swap curves, cash flow analysis, rating agency data and interdealer broker rates. Exchange-traded derivative positions are reported in accordance with changes in daily variation margin which is settled daily and therefore reflected in the payables and receivables portion of the table.
Cash equivalents and other short-term investments (which are used to pay benefits) are held in a separate account which consists of a commingled fund (with daily liquidity) and separately held short-term securities and cash equivalents. All of the investments in this cash vehicle are valued daily using a market approach with inputs that include quoted market prices for similar instruments. In the event a market price is not available for instruments with an original maturity of one year or less, amortized cost is used as a proxy for fair value. Common and preferred stock equity securities are primarily valued using a market approach based on the quoted market prices of identical instruments.
Private equity and private debt NAV valuations are based on the valuation of the underlying investments, which include inputs such as cost, operating results, discounted future cash flows and market based comparable data. For those investments reported on a one-quarter lagged basis (primarily LPs) we use NAVs, adjusted for subsequent cash flows and significant events.
Real estate and real asset NAVs are based on the valuation of the underlying investments, which include inputs such as cost, discounted future cash flows, independent appraisals and market based comparable data. For those investments reported on a one-quarter lagged basis (primarily LPs), NAVs are adjusted for subsequent cash flows and significant events. Publicly traded infrastructure stocks are valued using a market approach based on quoted market prices of identical instruments. Exchange-traded commodities futures positions are reported in accordance with changes in daily variation margin which is settled daily and therefore reflected in the payables and receivables portion of the table.
Hedge fund NAVs are generally based on the valuation of the underlying investments. This is primarily done by applying a market or income valuation methodology depending on the specific type of security or instrument held.
Investments in private equity, private debt, real estate, real assets and hedge funds are primarily calculated and reported by the General Partner, fund manager or third-party administrator. Additionally, some investments in fixed income and equity are made via commingled vehicles and are valued in a similar fashion. Pension assets invested in commingled and LP structures rely on the NAV of these investments as the practical expedient for the valuations.
The following tables summarizes the changes of Level 3 assets, reconciled by asset class, held during the years ended December 31, 2022 and 2021. Transfers into and out of Level 3 are reported at the beginning-of-year values.
January 1
2022 Balance		Net Realized and Unrealized Gains/(Losses)Net Purchases, Issuances and SettlementsNet Transfers Into/(Out of) Level 3December 31
2022 Balance
Fixed income securities:
Corporate
$53 ($19)$3 $33 $70 
Mortgage backed and
   asset backed
102 (11)16 55 162 
Municipal29 (14)9 8 32 
Sovereign9 (9) 
Equity securities:
Non-U.S. common and
   preferred stock		5 (45)(2)42 
Real assets (1)5 4 
Total$198 ($90)$31 $129 $268 
January 1
2021 Balance		Net Realized and Unrealized Gains/(Losses)Net Purchases, Issuances and SettlementsNet Transfers Into/(Out of) Level 3December 31
2021 Balance
Fixed income securities:
  Corporate
$40 ($1)$5 $9 $53 
U.S. government and agencies
2 (2)
Mortgage backed and asset backed
120 (17)(1)102 
Municipal72 7 (50)29 
Sovereign2 (8)15 9 
Equity securities:
Non-U.S. common and preferred stock
2 2 (3)4 5 
Real assets2 (2)
Total$240 ($7)$5 ($40)$198 
For the year ended December 31, 2022, the changes in unrealized gains/(losses) for Level 3 assets still held at December 31, 2022 were ($16) for corporate fixed income securities, ($11) for mortgage backed and asset backed fixed income securities, ($14) for municipal fixed income securities, and ($1) for real asset securities. For the year ended December 31, 2021, the changes in unrealized gains/(losses) for Level 3 assets still held at December 31, 2021 were ($1) for mortgage backed and asset backed fixed income securities and ($8) for sovereign.
OPB Plan Assets The majority of OPB plan assets are invested in a balanced index fund which is comprised of approximately 60% equities and 40% debt securities. The index fund is valued using a
market approach based on the quoted market price of an identical instrument (Level 1). The expected rate of return on these assets does not have a material effect on the net periodic benefit cost.
Cash Flows
Contributions Required pension contributions under the Employee Retirement Income Security Act (ERISA), as well as rules governing funding of our non-US pension plans, are not expected to be significant in 2023. During the fourth quarter of 2020, we contributed $3,000 in common stock to the pension fund. We do not expect to make discretionary contributions to our pension plans in 2023.
Estimated Future Benefit Payments The table below reflects the total pension benefits expected to be paid from the plans or from our assets, including both our share of the benefit cost and the participants’ share of the cost, which is funded by participant contributions. OPB payments reflect our portion only.
Year(s)202320242025202620272028-2032
Pensions$5,348 $4,473 $4,404 $4,325 $4,221 $19,560 
Other postretirement benefits:
Gross benefits paid381 371 353 334 310 1,176 
Subsidies
(11)(11)(11)(12)(12)(63)
Net other postretirement benefits$370 $360 $342 $322 $298 $1,113 
Termination Provisions
Certain of the pension plans provide that, in the event there is a change in control of the Company which is not approved by the Board of Directors and the plans are terminated within five years thereafter, the assets in the plan first will be used to provide the level of retirement benefits required by ERISA, and then any surplus will be used to fund a trust to continue present and future payments under the postretirement medical and life insurance benefits in our group insurance benefit programs.
Should we terminate certain pension plans under conditions in which the plan’s assets exceed that plan’s obligations, the U.S. government will be entitled to a fair allocation of any of the plan’s assets based on plan contributions that were reimbursed under U.S. government contracts.
Defined Contribution Plans
We provide certain defined contribution plans to all eligible employees. The principal plans are the Company-sponsored 401(k) plans. The expense for these defined contribution plans was $1,260, $1,268 and $1,351 in 2022, 2021 and 2020, respectively.
v3.22.4
Share-Based Compensation and Other Compensation Arrangements
 12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation and Other Compensation Arrangements Share-Based Compensation and Other Compensation Arrangements
Share-Based Compensation
Our 2003 Incentive Stock Plan, as amended and restated, permits awards of incentive and non-qualified stock options, stock appreciation rights, restricted stock or units, performance shares, performance restricted stock or units, performance units and other stock and cash-based awards to our employees, officers, directors, consultants, and independent contractors. The aggregate number of shares of our stock authorized for issuance under the plan is 87,000,000.
Shares issued as a result of stock option exercises or conversion of stock unit awards will be funded out of treasury shares, except to the extent there are insufficient treasury shares, in which case new shares will be issued. We believe we currently have adequate treasury shares to satisfy these issuances during 2023.
Share-based plans expense is primarily included in Total costs and expenses and General and administrative expense, as well as a portion allocated to production as inventoried costs. The share-based plans expense and related income tax benefit were as follows:
Years ended December 31,202220212020
Restricted stock units and other awards$726 $840 $243 
Income tax benefit (before consideration of valuation allowance)$178$148 $53 
Stock Options
Options have been granted to our executive officers that are scheduled to vest and become exercisable three years after the grant date and expire ten years after the grant date. If an executive terminates employment because of retirement, layoff, disability, or death, the executive (or beneficiary) may receive some or all of their stock options depending on certain age and service conditions. The fair values of the stock options granted were estimated using a Monte-Carlo simulation model using the assumptions presented below. The model includes no expected dividend yield.
On February 16, 2022, we granted 348,769 premium-priced stock options to our executive officers as part of our long-term incentive program. These stock options have an exercise price equal to 120% of the fair market value of our stock on the date of grant. If certain performance measures are met, the exercise price is reduced to 110% of the grant date fair market value of our stock.
On February 17, 2021, we granted 342,986 premium-priced stock options to our executive officers as part of our long-term incentive program. These stock options have an exercise price equal to 120% of the fair market value of our stock on the date of grant. During 2021, we also granted 148,322 stock options to certain executives to encourage retention or to award various achievements, of which 40,322 had an exercise price equal to 120% of the fair market value of our stock on the date of grant, and the remaining 108,000 had an exercise price equal to the fair market value on the date of grant. The grant date fair market values of these awards were not significant.
Grant YearGrant DateExpected LifeExpected VolatilityRisk Free Interest RateGrant Date Fair Value Per Option
20222/16/20226.8 years36.6 %2.0 %$83.04 
20212/17/20216.6 years37.8 %1.3 %$74.63 
Options granted through January 2014 had an exercise price equal to the fair market value of our stock on the date of grant and expire 10 years after the date of grant. These stock options vested over a period of three years and were fully vested as of December 31, 2017.
Stock option activity for the year ended December 31, 2022 was as follows:
SharesWeighted Average Exercise Price Per OptionWeighted Average Remaining Contractual Life (Years)Aggregate Intrinsic Value
Number of shares under option:
Outstanding at beginning of year1,709,379$121.83 
Granted362,450259.77 
Exercised(663,348)75.85 
Expired(664)130.72 
Forfeited(17,048)246.21 
Outstanding at end of year1,390,769$178.18 5.0$68 
Exercisable at end of year598,983$77.22 0.2$68 
The total intrinsic value of options exercised during the years ended December 31, 2022, 2021 and 2020 was $75, $84 and $90, with a related tax benefit of $17, $19 and $32, respectively. At December 31, 2022, there was $23 of total unrecognized compensation cost related to options which is expected to be recognized over a weighted average period of 1.9 years. No options vested during the years ended December 31, 2022, 2021 and 2020.
Restricted Stock Units
In February 2022, 2021 and 2020, we granted to our executives 1,804,541, 980,077 and 325,108 restricted stock units (RSUs) as part of our long-term incentive program with grant date fair values of $217.48, $215.70 and 319.04 per unit, respectively. On July 29, 2022, we also granted 2,568,112 RSUs with a grant date fair value of $157.69 per unit as part of our long-term incentive program, accelerating awards planned for 2023 to retain executives. The RSUs granted under this program will generally vest and settle in common stock (on a one-for-one basis) on the third anniversary of the grant date. If an executive terminates employment because of retirement, layoff, disability, or death, the executive (or beneficiary) may receive some or all of their stock units depending on certain age and service conditions. In all other cases, the RSUs will not vest and all rights to the stock units will terminate. These RSUs are labeled executive long-term incentive program in the table below.
In December 2020, we granted to our employees (excluding executives and certain union-represented employees), a one-time grant of 5,163,425 RSUs with a grant date fair value of $233.00 per unit. The RSUs granted under this program will vest and settle in common stock (on a one-for-one basis) on the third anniversary of the grant date. If an employee terminates employment because of retirement, layoff, disability or death, the employee (or beneficiary) may receive a proration of stock units based on active employment during the three-year service period. In all other cases, the RSUs will not vest and all rights to the stock units will terminate. These RSUs are labeled employee long-term incentive program in the table below.
In addition to RSUs awarded under our long-term incentive programs, we granted RSUs to certain executives and employees to encourage retention or to reward various achievements. These RSUs are labeled other RSUs in the table below.
The fair values of all RSUs are estimated using the average of the high and low stock prices on the date of grant.
RSU activity for the year ended December 31, 2022 was as follows:
Executive Long-Term Incentive Program Employee Long-Term Incentive ProgramOther
Number of units:
Outstanding at beginning of year2,049,695 4,780,724 698,866 
Granted4,527,189 595,122 
Forfeited(282,488)(269,380)(67,441)
Distributed(176,496)(137,537)(267,853)
Outstanding at end of year6,117,900 4,373,807 958,694 
Undistributed vested units426,652 1,454,414 18,914 
Unrecognized compensation cost$683 $240 $87 
Weighted average remaining amortization period (years)
2.11.02.1
Performance-Based Restricted Stock Units
Performance-Based Restricted Stock Units (PBRSUs) are stock units that pay out based on the Company’s total shareholder return (TSR) as compared to a group of peer companies over a three-year period. The award payout can range from 0% to 200% of the initial PBRSU grant. The PBRSUs granted under this program will vest at the payout amount and settle in common stock (on a one-for-one basis) on the third anniversary of the grant date. If an executive terminates employment because of retirement, layoff, disability or death, the employee (or beneficiary) remains eligible under the award and, if the award is earned, will receive a proration of stock units based on active employment during the three-year service period. In all other cases, the PBRSUs will not vest and all rights to the stock units will terminate.
In February 2020, we granted to our executives 290,202 PBRSUs as part of our long-term incentive program. Compensation expense for the award is recognized over the three-year performance period based upon the grant date fair value. The grant date fair values were estimated using a Monte-Carlo simulation model with the assumptions presented below. The model includes no expected dividend yield.
Grant YearGrant DatePerformance PeriodExpected VolatilityRisk Free Interest RateGrant Date Fair Value Per Unit
20202/24/20203 years27.0 %1.2 %$357.38 
PBRSU activity for the year ended December 31, 2022 was as follows:
Executive Long-Term Incentive Program
Number of units:
Outstanding at beginning of year383,401 
Performance based adjustment(1)
(162,548)
Forfeited(10,647)
Outstanding at end of year210,206 
Unrecognized compensation cost$4 
Weighted average remaining amortization period (years)
0.2
(1)    Represents adjustment to 0% payout for units granted in 2019.
Performance Awards
During 2020, we granted Performance Awards to our executives, which are cash units that pay out based on the achievement of long-term financial goals at the end of a three-year period. Each unit had an initial value of $100 dollars. The Compensation Committee has the discretion to pay these awards in cash, stock or a combination of both after the three-year performance period. As of December 31, 2022 these performance awards have expired with a payout of $0.
Deferred Compensation
The Company has deferred compensation plans which permit certain employees and executives to defer a portion of their salary, bonus, certain other incentive awards and retirement contributions. Participants can diversify these amounts among 23 investment funds including a Boeing stock unit account.
Total (income)/expense related to deferred compensation was ($117), $126 and $93 in 2022, 2021 and 2020, respectively. As of December 31, 2022 and 2021, the deferred compensation liability which is being marked to market was $1,499 and $1,703.
v3.22.4
Shareholders' Equity
 12 Months Ended
Dec. 31, 2022
Stockholders' Equity Note [Abstract]  
Shareholders' Equity Shareholders’ Equity
On December 17, 2018, the Board approved a repurchase plan for up to $20,000 of common stock. In March 2020, the Board of Directors terminated its prior authorization to repurchase shares under this plan.
As of December 31, 2022 and 2021, there were 1,200,000,000 shares of common stock and 20,000,000 shares of preferred stock authorized. No preferred stock has been issued.
Changes in Share Balances
The following table shows changes in each class of shares:
Common
Stock		Treasury
Stock
Balance at January 1, 20201,012,261,159 449,352,405 
Issued(19,986,868)
Acquired575,484 
Balance at December 31, 20201,012,261,159 429,941,021 
Issued(6,904,556)
Acquired307,242 
Balance at December 31, 20211,012,261,159 423,343,707 
Issued(8,877,047)
Acquired204,723 
Balance at December 31, 20221,012,261,159 414,671,383 
Accumulated Other Comprehensive Loss
Changes in Accumulated other comprehensive loss (AOCI) by component for the years ended December 31, 2022, 2021 and 2020 were as follows:
Currency Translation AdjustmentsUnrealized Gains and Losses on Certain InvestmentsUnrealized Gains and Losses on Derivative InstrumentsDefined Benefit Pension Plans & Other Postretirement Benefits
Total (1)
Balance at January 1, 2020($128)$1 ($84)($15,942)($16,153)
Other comprehensive income/(loss) before reclassifications98 14 (1,929)
(2)
(1,817)
Amounts reclassified from AOCI
27 810 
(3)
837 
Net current period Other comprehensive income/(loss)98 41 (1,119)(980)
Balance at December 31, 2020($30)$1 ($43)($17,061)($17,133)
Other comprehensive (loss)/income before reclassifications(75)55 4,268 
(2)
4,248 
Amounts reclassified from AOCI(6)1,232 
(3)
1,226 
Net current period Other comprehensive (loss)/income(75)49 5,500 5,474 
Balance at December 31, 2021($105)$1 $6 ($11,561)($11,659)
Other comprehensive (loss)/income before reclassifications
(62)(1)(40)1,529 
(2)
1,426 
Amounts reclassified from AOCI
10 
(4)
673 
(3)
683 
Net current period Other comprehensive (loss)/income
(62)(1)(30)2,202 2,109 
Balance at December 31, 2022($167) ($24)($9,359)($9,550)
(1)    Net of tax.
(2)    Primarily related to remeasurement of assets and benefit obligations related to the Company's pension and other postretirement benefit plans resulting in an actuarial gain/(loss) of $1,533, $4,262 and ($1,956) (net of tax of ($22), ($32) and $111) for the years ended December 31, 2022, 2021 and 2020. See Note 16.
(3)    Primarily related to amortization of actuarial losses for the years ended December 31, 2022, 2021 and 2020 totaling $791, $1,155 and $917 (net of tax of ($11), ($8) and ($52)), respectively. These are included in the net periodic pension cost. See Note 16.
(4)    Included losses of $39 (net of tax of ($11)) from cash flow hedges reclassified to Other income, net because the forecasted transactions are probable of not occurring.
v3.22.4
Derivative Financial Instruments
 12 Months Ended
Dec. 31, 2022
Summary of Derivative Instruments [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
Cash Flow Hedges
Our cash flow hedges include foreign currency forward contracts, commodity swaps and commodity purchase contracts. We use foreign currency forward contracts to manage currency risk associated with certain transactions, specifically forecasted sales and purchases made in foreign currencies. Our foreign currency contracts hedge forecasted transactions through 2031. We use commodity derivatives, such as fixed-price purchase commitments and swaps to hedge against potentially unfavorable price changes for commodities used in production. Our commodity contracts hedge forecasted transactions through 2029.
Derivative Instruments Not Receiving Hedge Accounting Treatment
We have entered into agreements to purchase and sell aluminum to address long-term strategic sourcing objectives and non-U.S. business requirements. These agreements are derivative instruments for accounting purposes. The quantities of aluminum in these agreements offset and are priced at prevailing market prices. We also hold certain foreign currency forward contracts and commodity swaps which do not qualify for hedge accounting treatment.
Notional Amounts and Fair Values
The notional amounts and fair values of derivative instruments in the Consolidated Statements of Financial Position as of December 31 were as follows:
Notional
 amounts(1)
Other assetsAccrued
liabilities
202220212022202120222021
Derivatives designated as hedging instruments:
Foreign exchange contracts$2,815 $2,630 $23 $30 ($122)($52)
Commodity contracts602 500 115 88 (9)(18)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts462 361 5 2 (42)(3)
Commodity contracts412 760 28 (1)(7)
Total derivatives$4,291 $4,251 145 128 (174)(80)
Netting arrangements(33)(30)33 30 
Net recorded balance$112 $98 ($141)($50)
(1)Notional amounts represent the gross contract/notional amount of the derivatives outstanding.
Gains/(losses) associated with our hedging transactions and forward points recognized in Other comprehensive income are presented in the following table:
Years ended December 31, 20222021
Recognized in Other comprehensive income, net of taxes:
Foreign exchange contracts($118)($47)
Commodity contracts78 102 
Gains/(losses) associated with our hedging transactions and forward points reclassified from AOCI to earnings are presented in the following table:
Years ended December 31,20222021
Foreign exchange contracts
Revenues$1 
Costs and expenses7 $13 
General and administrative(12)8 
Commodity contracts
Costs and expenses$31 ($18)
General and administrative expense10 5 
Losses from cash flow hedges reclassified from AOCI to Other income, net because it is probable the forecasted transactions will not occur were $50 and $0 for the years ended December 31, 2022 and 2021. Gains/(losses) related to undesignated derivatives on foreign exchange and commodity cash flow hedging transactions recognized in Other income, net were insignificant for the years ended December 31, 2022 and 2021.
Based on our portfolio of cash flow hedges, we expect to reclassify gains of $14 (pre-tax) out of Accumulated other comprehensive loss into earnings during the next 12 months.
We have derivative instruments with credit-risk-related contingent features. If we default on our five-year credit facility, our derivative counterparties could require settlement for foreign exchange and certain commodity contracts with original maturities of at least five years. The fair value of those contracts in a net liability position at December 31, 2022 was $33. For other particular commodity contracts, our counterparties could require collateral posted in an amount determined by our credit ratings. At December 31, 2022, there was no collateral posted related to our derivatives.
v3.22.4
Fair Value Measurements
 12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value. Level 1 refers to fair values determined based on quoted prices in active markets for identical assets. Level 2 refers to fair values estimated using significant other observable inputs, and Level 3 includes fair values estimated using significant unobservable inputs. The following table presents our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy.
December 31, 2022December 31, 2021
TotalLevel 1Level 2TotalLevel 1Level 2
Assets
Money market funds$1,797 $1,797 $1,370 $1,370 
Available-for-sale debt investments:
Commercial paper256 $256 225 $225 
Corporate notes195 195 262 262 
U.S. government agencies47 47 1 1 
Other equity investments10 10 20 20 
Derivatives112 112 98 98 
Total assets$2,417 $1,807 $610 $1,976 $1,390 $586 
Liabilities
Derivatives($141)($141)($50)($50)
Total liabilities($141)($141)($50)($50)
Money market funds, available-for-sale debt investments and equity securities are valued using a market approach based on the quoted market prices or broker/dealer quotes of identical or comparable instruments.
Derivatives include foreign currency and commodity contracts. Our foreign currency forward contracts are valued using an income approach based on the present value of the forward rate less the contract rate multiplied by the notional amount. Commodity derivatives are valued using an income approach based on the present value of the commodity index prices less the contract rate multiplied by the notional amount.
Certain assets have been measured at fair value on a nonrecurring basis. The following table presents the nonrecurring losses recognized for the years ended December 31 due to long-lived asset impairment, and the fair value and asset classification of the related assets as of the impairment date:
20222021
TotalLevel 2Level 3Total LossesTotalLevel 2Level 3Total Losses
Investments ($31) ($8)
Customer financing assets
$47 $47 (7)$110 $110 (31)
Property, plant and equipment (19)9 9 (50)
Other Assets and Acquired intangible assets15 15 (55)1 1 (9)
Total$62  $62 ($112)$120  $120 ($98)
Level 3 Investments, Property, plant and equipment, Other assets and Acquired intangible assets were primarily valued using an income approach based on the discounted cash flows associated with the underlying assets. Level 2 Property, plant and equipment were valued based on a third party valuation using a combination of income and market approaches that considered estimates of net operating income, capitalization rates and adjusted for as-is condition. The fair value of the impaired customer financing assets includes operating lease equipment and investments in sales type-leases/finance leases and is derived by calculating a median collateral value from a consistent group of third party aircraft value publications. The values provided by the third party aircraft publications are derived from their knowledge of market trades and other market factors. Management reviews the publications quarterly to assess the continued appropriateness and consistency with market trends. Under certain circumstances, we adjust values based on the attributes and condition of the specific aircraft or equipment, usually when the features or use of the aircraft vary significantly from the more generic aircraft attributes covered by third party publications, or on the expected net sales price for the aircraft.
For Level 3 assets that were measured at fair value on a nonrecurring basis during the year ended December 31, 2022, the following table presents the fair value of those assets as of the measurement date, valuation techniques and related unobservable inputs of those assets.
Fair
Value		Valuation
Technique(s)		Unobservable InputRange
Median or Average
Customer financing assets$47Market approachAircraft value publications
$40 - $51(1)
Median $46
Aircraft condition adjustments
($4) - $5(2)
Net $1
(1)The range represents the sum of the highest and lowest values for all aircraft subject to fair value measurement, according to the third party aircraft valuation publications that we use in our valuation process.
(2)The negative amount represents the sum, for all aircraft subject to fair value measurement, of all downward adjustments based on consideration of individual aircraft attributes and condition. The positive amount represents the sum of all such upward adjustments.
Fair Value Disclosures
The fair values and related carrying values of financial instruments that are not required to be remeasured at fair value on the Consolidated Statements of Financial Position at December 31 were as follows:
December 31, 2022
Carrying AmountTotal Fair ValueLevel 1Level 2Level 3
Assets
Notes receivable, net$385 $403 $403 
Liabilities
Debt, excluding finance lease obligations(56,794)(52,856)(52,856)
December 31, 2021
Carrying AmountTotal Fair ValueLevel 1Level 2Level 3
Assets
Notes receivable, net$412 $485 $485 
Liabilities
Debt, excluding finance lease obligations(57,921)(65,724)(65,724)
The fair values of notes receivable are estimated with discounted cash flow analysis using interest rates currently offered on loans with similar terms to borrowers of similar credit quality. The fair value of our debt that is traded in the secondary market is classified as Level 2 and is based on current market yields. For our debt that is not traded in the secondary market, the fair value is classified as Level 2 and is based on our indicative borrowing cost derived from dealer quotes or discounted cash flows. The fair values of our debt classified as Level 3 are based on discounted cash flow models using the implied yield from similar securities. With regard to other financial instruments with off-balance sheet risk, it is not practicable to estimate the fair value of our indemnifications and financing commitments because the amount and timing of those arrangements are uncertain. Items not included in the above disclosures include cash, restricted cash, time deposits and other deposits, commercial paper, money market funds, Accounts receivable, Unbilled receivables, Other current assets, Accounts payable and long-term payables. The carrying values of those items, as reflected in the Consolidated Statements of Financial Position, approximate their fair value at December 31, 2022 and 2021. The fair value of assets and liabilities whose carrying value approximates fair value is determined using Level 2 inputs, with the exception of cash (Level 1).
v3.22.4
Legal Proceedings
 12 Months Ended
Dec. 31, 2022
Loss Contingency, Information about Litigation Matters [Abstract]  
Legal Proceedings Legal Proceedings
Various legal proceedings, claims and investigations related to products, contracts, employment and other matters are pending against us.
In addition, we are subject to various U.S. government inquiries and investigations from which civil, criminal or administrative proceedings could result or have resulted in the past. Such proceedings involve or could involve claims by the government for fines, penalties, compensatory and treble damages, restitution and/or forfeitures. Under government regulations, a company, or one or more of its operating divisions or subdivisions, can also be suspended or debarred from government contracts, or lose its export privileges, based on the results of investigations. Except as described below, we believe,
based upon current information, that the outcome of any such legal proceeding, claim, or government dispute and investigation will not have a material effect on our financial position, results of operations or cash flows. Where it is reasonably possible that we will incur losses in excess of recorded amounts in connection with any of the matters set forth below, we will disclose either the amount or range of reasonably possible losses in excess of such amounts or, where no such amount or range can be reasonably estimated, the reasons why no such estimate can be made.
Multiple legal actions have been filed against us as a result of the October 29, 2018 accident of Lion Air Flight 610 and the March 10, 2019 accident of Ethiopian Airlines Flight 302. During 2021, we entered into (i) a Deferred Prosecution Agreement with the U.S. Department of Justice that resolved the Department of Justice’s previously disclosed investigation into us regarding the evaluation of the 737 MAX by the Federal Aviation Administration (FAA) as well as (ii) a proposed settlement with plaintiffs in a shareholder derivative lawsuit that resulted in the Company receiving $219 in the second quarter of 2022. In September 2022, we settled a previously disclosed investigation by the Securities and Exchange Commission related to the 737 MAX accidents and consented to a civil penalty, which resulted in an earnings charge of $200 that was paid in October 2022. We cannot reasonably estimate a range of loss, if any, not covered by available insurance that we may incur as a result of any remaining pending lawsuits or other matters related to the accidents and the 737 MAX.
During 2019, we entered into agreements with Embraer S.A. (Embraer) to establish joint ventures that included the commercial aircraft and services operations of Embraer, of which we were expected to acquire an 80 percent ownership stake for $4,200, as well as a joint venture to promote and develop new markets for the C-390 Millennium. In 2020, we exercised our contractual right to terminate these agreements based on Embraer’s failure to meet certain required closing conditions. Embraer has disputed our right to terminate the agreements, and the dispute is currently in arbitration. We cannot reasonably estimate a range of loss, if any, that may result from the arbitration, which we currently expect to be completed in late 2023 or early 2024.
v3.22.4
Segment and Revenue Information
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment and Revenue Information Segment and Revenue Information
Our primary profitability measurements to review a segment’s operating results are Earnings/(loss) from operations and operating margins. We operate in four reportable segments: BCA, BDS, BGS and BCC. All other activities fall within Unallocated items, eliminations and other. See page 58 for the Summary of Business Segment Data, which is an integral part of this note.
BCA develops, produces and markets commercial jet aircraft principally to the commercial airline industry worldwide. Revenue on commercial aircraft contracts is recognized at the point in time when an aircraft is completed and accepted by the customer.
BDS engages in the research, development, production and modification of the following products and related services: manned and unmanned military aircraft and weapons systems, surveillance and engagement, strategic defense and intelligence systems, satellite systems and space exploration. BDS revenue is generally recognized over the contract term (over time) as costs are incurred.
BGS provides parts, maintenance, modifications, logistics support, training, data analytics and information-based services to commercial and government customers worldwide. BGS segment revenue and costs include certain products and services provided to other segments. Revenue on commercial spare parts contracts is recognized at the point in time when a spare part is delivered to the customer. Revenue on other contracts is generally recognized over the contract term (over time) as costs are incurred.
BCC facilitates, arranges, structures and provides selective financing solutions for our customers.
While our principal operations are in the United States, Canada and Australia, some key suppliers and subcontractors are located in Europe and Japan. Revenues, including foreign military sales, are reported by customer location and consisted of the following:
Years ended December 31,202220212020
Asia$8,393 $5,845 $5,931 
Europe7,916 8,967 7,961 
Middle East5,047 4,653 5,308 
Canada1,612 969 1,302 
Oceania1,576 1,147 832 
Africa418 239 114 
Latin America, Caribbean and other2,412 1,376 229 
Total non-U.S. revenues27,374 23,196 21,677 
United States39,218 39,076 36,979 
Estimated potential concessions and other considerations to 737 MAX customers16 14 (498)
Total revenues$66,608 $62,286 $58,158 
Revenues from the U.S. government (including foreign military sales through the U.S. government), primarily recorded at BDS and BGS, represented 40%, 49% and 51% of consolidated revenues for 2022, 2021 and 2020, respectively. Approximately 4% of operating assets were located outside the United States as of December 31, 2022 and 2021.
The following tables present BCA, BDS and BGS revenues from contracts with customers disaggregated in a number of ways, such as geographic location, contract type and the method of revenue recognition. We believe these best depict how the nature, amount, timing and uncertainty of our revenues and cash flows are affected by economic factors.
BCA revenues by customer location consisted of the following:
Years ended December 31,
202220212020
Revenue from contracts with customers:
Asia$4,484 $2,792 $2,679 
Europe4,038 4,334 3,872 
Middle East2,003 1,098 1,647 
Other non-U.S.3,042 1,681 513 
Total non-U.S. revenues13,567 9,905 8,711 
United States12,167 9,472 7,899 
Estimated potential concessions and other considerations to 737 MAX customers16 14 (498)
Total revenues from contracts with customers25,750 19,391 16,112 
Intersegment revenues, eliminated on consolidation117 102 50 
Total segment revenues$25,867 $19,493 $16,162 
Revenue recognized on fixed-price contracts100 %100 %100 %
Revenue recognized at a point in time100 %100 %100 %
BDS revenues on contracts with customers, based on the customer's location, consisted of the following:
Years ended December 31,
202220212020
Revenue from contracts with customers:
U.S. customers$17,144 $19,869 $19,662 
Non-U.S. customers(1)
6,018 6,671 6,595 
Total segment revenue from contracts with customers$23,162 $26,540 $26,257 
Revenue recognized over time99 %99 %98 %
Revenue recognized on fixed-price contracts60 %68 %69 %
Revenue from the U.S. government(1)
89 %89 %89 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
BGS revenues consisted of the following:
Years ended December 31, 202220212020
Revenue from contracts with customers:
Commercial$9,560 $7,527 $6,936 
Government7,681 8,553 8,368 
Total revenues from contracts with customers17,241 16,080 15,304 
Intersegment revenues eliminated on consolidation370 248 239 
Total segment revenues$17,611 $16,328 $15,543 
Revenue recognized at a point in time50 %45 %47 %
Revenue recognized on fixed-price contracts88 %86 %87 %
Revenue from the U.S. government(1)
33 %40 %41 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
Earnings in Equity Method Investments
For the year ended December 31, 2022, our share of income from equity method investments was $56, primarily driven by investments held in Unallocated items, eliminations and other. For the years ended December 31, 2021 and 2020, our share of income from equity method investments was $40 and $86, primarily in our BDS segment.
Backlog
Our total backlog includes contracts that we and our customers are committed to perform. The value in backlog represents the estimated transaction prices on performance obligations to our customers for which work remains to be performed. Backlog is converted into revenue, primarily based on the cost incurred or at delivery and acceptance of products, depending on the applicable revenue recognition model.
Our backlog at December 31, 2022 was $404,381. We expect approximately 17% to be converted to revenue through 2023 and approximately 71% through 2026, with the remainder thereafter. There is significant uncertainty regarding the timing of when backlog will convert into revenue due to timing of 787 deliveries from inventory, timing of 737 MAX delivery resumption in China, timing of entry into service of the 777X, 737-7 and/or 737-10, and the lingering effects of the COVID-19 pandemic.
Unallocated Items, Eliminations and other
Unallocated items, eliminations and other include common internal services that support Boeing’s global business operations, intercompany guarantees provided to BCC and eliminations of certain sales between segments. Such sales include aircraft sold to our BCC segment that are leased by BCC to customers and considered transferred to the BCC segment. We generally allocate costs to business segments based on the U.S. federal cost accounting standards. Components of Unallocated items, eliminations and other (expense)/income are shown in the following table.
Years ended December 31,202220212020
Share-based plans($114)($174)($120)
Deferred compensation117 (126)(93)
Amortization of previously capitalized interest(95)(107)(95)
Research and development expense, net(278)(184)(240)
Eliminations and other unallocated items(1,162)(676)(1,807)
Unallocated items, eliminations and other($1,532)($1,267)($2,355)
Pension FAS/CAS service cost adjustment$849 $882 $1,024 
Postretirement FAS/CAS service cost adjustment294 291 359 
FAS/CAS service cost adjustment$1,143 $1,173 $1,383 
Pension and Other Postretirement Benefit Expense
Pension costs, comprising GAAP service and prior service costs, are allocated to BCA and the commercial operations at BGS. Pension costs are allocated to BDS and BGS businesses supporting government customers using U.S. Government Cost Accounting Standards (CAS), which employ different actuarial assumptions and accounting conventions than GAAP. These costs are allocable to government contracts. Other postretirement benefit costs are allocated to business segments based on CAS, which is generally based on benefits paid. FAS/CAS service cost adjustment represents the difference between the Financial Accounting Standards (FAS) pension and postretirement service costs calculated under GAAP and costs allocated to the business segments. Non-operating pension and postretirement expenses represent the components of net periodic benefit costs other than service cost. These expenses are included in Other income, net.
Assets
Segment assets are summarized in the table below.
December 31,20222021
Commercial Airplanes$75,212 $75,863 
Defense, Space & Security14,426 14,974 
Global Services16,149 16,397 
Boeing Capital1,510 1,735 
Unallocated items, eliminations and other29,803 29,583 
Total$137,100 $138,552 
Assets included in Unallocated items, eliminations and other primarily consist of Cash and cash equivalents, Short-term and other investments, tax assets, capitalized interest, and assets managed centrally on behalf of the four principal business segments and intercompany eliminations.
Capital Expenditures
Years ended December 31,202220212020
Commercial Airplanes$218 $177 $322 
Defense, Space & Security202 199 172 
Global Services130 94 127 
Unallocated items, eliminations and other672 510 682 
Total$1,222 $980 $1,303 
Capital expenditures for Unallocated items, eliminations and other relate primarily to assets managed centrally on behalf of the four principal business segments.
Depreciation and Amortization
Years ended December 31,202220212020
Commercial Airplanes$508 $535 $559 
Defense, Space & Security
238 233 251 
Global Services346 414 408 
Boeing Capital Corporation46 59 66 
Centrally Managed Assets (1)
841 903 962 
Total$1,979 $2,144 $2,246 
(1)Amounts shown in the table represent depreciation and amortization expense recorded by the individual business segments. Depreciation and amortization for centrally managed assets are included in segment operating earnings based on usage and occupancy. In 2022, $643 was included in the primary business segments, of which $360, $230 and $53 was included in BCA, BDS and BGS, respectively. In 2021, $668 was included in the primary business segments, of which $386, $222 and $60 was included in BCA, BDS and BGS, respectively. In 2020, $689 was included in the primary business segments, of which $397, $236 and $56 was included in BCA, BDS and BGS, respectively.
v3.22.4
Summary of Significant Accounting Policies (Policy)
 12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Principles of Consolidation and Basis of Presentation
Principles of Consolidation and Basis of Presentation
The Consolidated Financial Statements included in this report have been prepared by management of The Boeing Company (herein referred to as “Boeing,” the “Company,” “we,” “us” or “our”). These statements include the accounts of all majority-owned subsidiaries and variable interest entities that are required to be consolidated. All significant intercompany accounts and transactions have been eliminated. As described in Note 22, we operate in four reportable segments: Commercial Airplanes (BCA), Defense, Space & Security (BDS), Global Services (BGS) and Boeing Capital (BCC).
Use of Estimates
Use of Estimates
The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Operating Cycle
Operating Cycle
For classification of certain current assets and liabilities, we use the duration of the related contract or program as our operating cycle, which is generally longer than one year.
Revenue and Related Cost Recognition
Revenue and Related Cost Recognition
Commercial aircraft contracts The majority of our BCA segment revenue is derived from commercial aircraft contracts. For each contract, we determine the transaction price based on the consideration expected to be received. We allocate the transaction price to each commercial aircraft performance obligation based on relative standalone selling prices adjusted by an escalation formula as specified in the customer agreement. Revenue is recognized for each commercial aircraft performance obligation at the point in time when the aircraft is completed and accepted by the customer. We use program accounting to determine the amount reported as cost of sales.
Payments for commercial aircraft sales are received in accordance with the customer agreement, which generally includes a deposit upon order and additional payments in accordance with a payment schedule, with the balance being due immediately prior to or at aircraft delivery. Advances and progress billings (contract liabilities) are normal and customary for commercial aircraft contracts and not considered a significant financing component as they are intended to protect us from the other party failing to adequately complete some or all of its obligations under the contract.
Long-term contracts Substantially all contracts at BDS and certain contracts at BGS are long-term contracts with the U.S. government and other customers that generally extend over several years. Products sales under long-term contracts primarily include fighter jets, rotorcraft, cybersecurity products, surveillance suites, advanced weapons, missile defense, military derivative aircraft, satellite systems and modification of commercial passenger aircraft to cargo freighters. Sales of services under long-term contracts primarily include support and maintenance agreements associated with our commercial and defense products and space travel on Commercial Crew.
For each long-term contract, we determine the transaction price based on the consideration expected to be received. We allocate the transaction price to each distinct performance obligation to deliver a good or service, or a collection of goods and/or services, based on the relative standalone selling prices. A long-term contract will typically represent a single distinct performance obligation due to the highly interdependent and interrelated nature of the underlying goods and/or services and the significant service of integration that we provide. While the scope and price on certain long-term contracts may be modified over their life, the transaction price is based on current rights and obligations under the contract and does not include potential modifications until they are agreed upon with the customer. When applicable, a cumulative adjustment or separate recognition for the additional scope and price may result. Long-term contracts can be negotiated with a fixed price or a price in which we are reimbursed for costs incurred plus an agreed upon profit. The Federal Acquisition Regulations provide guidance on the types of cost that will be reimbursed in establishing the price for contracts with the U.S. government. Certain long-term contracts include in the transaction price variable consideration, such as incentive and award fees, if specified targets are achieved. The amount included in the transaction price represents the expected value, based on a weighted probability, or the most likely amount.
Long-term contract revenue is recognized over the contract term (over time) as the work progresses, either as products are produced or as services are rendered. We generally recognize revenue over time as we perform on long-term contracts because of continuous transfer of control to the customer. For U.S. government contracts, this continuous transfer of control to the customer is supported by clauses in the contract that allow the customer to unilaterally terminate the contract for convenience, pay us for costs incurred plus a reasonable profit and take control of any work in process. Similarly, for non-U.S. government contracts, the customer typically controls the work in process as evidenced either by contractual termination clauses or by our rights to payment of the transaction price associated with work performed to date on products or services that do not have an alternative use to the Company.
The accounting for long-term contracts involves a judgmental process of estimating total sales, costs and profit for each performance obligation. Cost of sales is recognized as incurred. The amount reported as revenues is determined by adding a proportionate amount of the estimated profit to the amount reported as cost of sales. Recognizing revenue as costs are incurred provides an objective measure of progress on the long-term contract and thereby best depicts the extent of transfer of control to the customer.
For long-term contracts for which revenue is recognized over time, changes in estimated revenues, cost of sales and the related effect on operating income are recognized using a cumulative catch-up adjustment which recognizes in the current period the cumulative effect of the changes on current and prior periods based on a long-term contract’s percentage-of-completion. When the current estimates of total revenues and costs at completion for a long-term contract indicate a loss, a provision for the entire reach-forward loss on the long-term contract is recognized.
The table below reflects the impact of net cumulative catch-up adjustments for changes in estimated revenues and costs at completion across all long-term contracts including the impact to Loss from operations from increases in estimated losses on unexercised options for the years ended December 31:
202220212020
Decrease to Revenue($2,335)($379)($359)
Increase to Loss from operations ($5,253)($880)($942)
Decrease to Diluted EPS($8.88)($1.28)($1.37)
Significant adjustments during the three years ended December 31, 2022 included losses on VC-25B, KC-46A Tanker, MQ-25, Commercial Crew and T-7A Red Hawk programs.
Due to the significance of judgment in the estimation process, changes in underlying assumptions/estimates, internal and supplier performance, inflationary trends, or other circumstances may adversely or positively affect financial performance in future periods.
Payments under long-term contracts may be received before or after revenue is recognized. The U.S. government customer typically withholds payment of a small portion of the contract price until contract completion. Therefore, long-term contracts typically generate Unbilled receivables (contract assets) but may generate Advances and progress billings (contract liabilities). Long-term contract Unbilled receivables and Advances and progress billings are not considered a significant financing component because they are intended to protect either the customer or the Company in the event that some or all of the obligations under the contract are not completed.
Commercial spare parts contracts Certain contracts at our BGS segment include sales of commercial spare parts. For each contract, we determine the transaction price based on the consideration expected to be received. The spare parts have discrete unit prices that represent fair value. We generally consider each spare part to be a separate performance obligation. Revenue is recognized for each commercial spare part performance obligation at the point in time of delivery to the customer. We may provide our customers with a right to return a commercial spare part where a customer may receive a full or partial refund, a credit applied to amounts owed, a different product in exchange, or any combination of these items. We consider the potential for customer returns in the estimated transaction price. The amount reported as cost of sales is recorded at average cost. Payments for commercial spare parts sales are typically received shortly after delivery.
Other service revenue contracts Certain contracts at our BGS segment are for sales of services to commercial customers including maintenance, training, data analytics and information-based services. We recognize revenue for these service performance obligations over time as the services are rendered. The method of measuring progress (such as straight-line or billable amount) varies depending upon which method best depicts the transfer of control to the customer based on the type of service performed. Cost of sales is recorded as incurred.
Concession sharing arrangements We account for sales concessions to our customers in consideration of their purchase of products and services as a reduction of the transaction price and the revenue that is recognized for the related performance obligations. The sales concessions incurred may be partially reimbursed by certain suppliers in accordance with concession sharing arrangements. We record these reimbursements, which are presumed to represent reductions in the price of the vendor’s products or services, as a reduction in Cost of products.
Unbilled receivables and advances and progress billings Unbilled receivables (contract assets) arise when the Company recognizes revenue for amounts which cannot yet be billed under terms of the contract with the customer. Advances and progress billings (contract liabilities) arise when the Company receives payments from customers in advance of recognizing revenue. The amount of Unbilled receivables or Advances and progress billings is determined for each contract.
Financial services revenue We record financial services revenue associated with sales-type/finance leases, operating leases and loans in Sales of services on the Consolidated Statements of Operations. For sales-type leases, we recognize selling profit or loss at lease inception if collection of the lease payments is probable. For sales-type and direct finance leases, we record customer financing receivables at lease inception. A customer financing receivable is recorded at the aggregate of future minimum lease payments, estimated residual value of the leased equipment, and any deferred incremental direct costs less unearned income. Income is recognized over the life of the lease to approximate a level rate of return on the net investment. For notes receivable, we record customer financing receivables net of any unamortized discounts and deferred incremental direct costs. Interest income and amortization of any discounts are recorded ratably over the related term of the note.
Income recognition is generally suspended for customer financing receivables that are uncollectible. We determine that a customer financing receivable is uncollectible when, based on current information and events, it is probable that we will be unable to collect amounts due according to the original contractual terms. We determine a customer financing receivable is past due when cash has not been received upon the due date specified in the contract.
We evaluate the collectability of customer financing receivables at commencement and on a recurring basis. If a customer financing receivable is determined to be uncollectible, the customer is categorized as non-accrual status. When a customer is in non-accrual status at commencement, sales-type lease revenue is deferred until substantially all cash has been received or the customer is removed from non-accrual status. If we have a direct finance lease and/or a note receivable with a customer that is in non-accrual status, or a sales-type lease with a customer that changes to non-accrual status after commencement, we recognize contractual interest income as payments are received to the extent there is sufficient collateral and payments exceed past due principal payments.

Residual values, which are reviewed periodically, represent the estimated amount we expect to receive at lease termination from the disposition of the leased equipment. Actual residual values realized could differ from these estimates. Declines in estimated residual value that are deemed other-than-temporary are recognized in the period in which the declines occur.

For operating leases, revenue on leased aircraft and equipment is recorded on a straight-line basis over the term of the lease. Operating lease assets, included in Customer financing, net, are recorded at cost and depreciated to an estimated residual value using the straight-line method over the period that we project we will hold the asset. We periodically review our estimates of residual value and recognize forecasted changes by prospectively adjusting depreciation expense. We record assets held for sale at the lower of carrying value or fair value less costs to sell. We evaluate for impairment assets under operating leases when events or changes in circumstances indicate that the expected undiscounted cash flow from the asset may be less than the carrying value. When we determine that impairment is indicated for an asset, the amount of impairment expense recorded is the excess of the carrying value over the fair value of the asset.
Reinsurance revenue Our wholly-owned insurance subsidiary, Astro Ltd., participates in a reinsurance pool for workers’ compensation. The member agreements and practices of the reinsurance pool minimize any participating members’ individual risk. Reinsurance revenues were $129, $126 and $129 during 2022, 2021 and 2020, respectively. Reinsurance costs related to premiums and claims paid to the reinsurance pool were $134, $129 and $136 during 2022, 2021 and 2020, respectively. Revenues and costs are presented net in Cost of sales in the Consolidated Statements of Operations.
Research and Development
Research and Development
Research and development includes costs incurred for experimentation, design and testing, as well as bid and proposal efforts related to government products and services, which are expensed as incurred unless the costs are related to certain contractual arrangements with customers. Costs that are incurred pursuant to such contractual arrangements are recorded over the period that revenue is recognized, consistent with our long-term contract accounting policy. We have certain research and development arrangements that meet the requirement for best efforts research and development accounting. Accordingly, the amounts funded by the customer are recognized as an offset to our research and development expense rather than as contract revenues. Research and development expense included bid and proposal costs of $217, $213 and $224 in 2022, 2021 and 2020, respectively.
Share-Based Compensation
Share-Based Compensation
We provide various forms of share-based compensation to our employees. For awards settled in shares, we measure compensation expense based on the grant-date fair value net of estimated forfeitures. For awards settled in cash, or that may be settled in cash, we measure compensation expense based on the fair value at each reporting date net of estimated forfeitures. The expense is recognized over the requisite service period, which is generally the vesting period of the award.
Income Taxes
Income Taxes
Provisions for U.S. federal, state and local, and non-U.S. income taxes are calculated on reported Loss before income taxes based on current tax law and also include, in the current period, the cumulative effect of any changes in tax rates from those used previously in determining deferred tax assets and liabilities. Such provisions differ from the amounts currently receivable or payable because certain items of income and expense are recognized in different time periods for financial reporting purposes than for income tax purposes. Significant judgment is required in determining income tax provisions and evaluating tax positions.
The accounting for uncertainty in income taxes requires a more-likely-than-not threshold for financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. We record a liability for the difference between the benefit recognized and measured for financial statement purposes and the tax position taken or expected to be taken on our tax return. To the extent that our assessment of such tax positions changes, the change in estimate is recorded in the period in which the determination is made. Tax-related interest and penalties are classified as a component of Income tax (expense)/benefit.
We also assess the likelihood that we will be able to recover our deferred tax assets against future sources of taxable income and reduce the carrying amounts of deferred tax assets by recording a valuation allowance if, based on the available evidence, it is more likely than not that all or a portion of such assets will not be realized. Changes in our estimates and judgments regarding realization of deferred tax assets may result in an increase or decrease to our tax expense and/or other comprehensive income, which would be recorded in the period in which the change occurs.
Postretirement Plans
Postretirement Plans
Many of our employees have earned benefits under defined benefit pension plans. The majority of employees that had participated in defined benefit pension plans have transitioned to a company-funded defined contribution retirement savings plan. We also provide postretirement benefit plans other than pensions, consisting principally of health care coverage to eligible retirees and qualifying dependents. Benefits under the pension and other postretirement benefit plans are generally based on age at retirement and years of service and, for some pension plans, benefits are also based on the employee’s annual earnings. The net periodic cost of our pension and other postretirement plans is determined using the projected unit credit method and several actuarial assumptions, the most significant of which are the discount rate, the long-term rate of asset return and medical trend (rate of growth for medical costs). Actuarial gains and losses, which occur when actual experience differs from actuarial assumptions, are reflected in Shareholders’ equity (net of taxes). If actuarial gains and losses exceed ten percent of the greater of plan assets or plan liabilities, we amortize them over the average expected future lifetime of participants. The funded status of our pension and postretirement plans is reflected on the Consolidated Statements of Financial Position.
Postemployment Plans
Postemployment Plans
We record a liability for postemployment benefits, such as severance or job training, when payment is probable, the amount is reasonably estimable, and the obligation relates to rights that have vested or accumulated.
Environmental Remediation
Environmental Remediation
We are subject to federal and state requirements for protection of the environment, including those for discharge of hazardous materials and remediation of contaminated sites. We routinely assess, based on in-depth studies, expert analyses and legal reviews, our contingencies, obligations and commitments for remediation of contaminated sites, including assessments of ranges and probabilities of recoveries from other responsible parties and/or insurance carriers. Our policy is to accrue and charge to current expense identified exposures related to environmental remediation sites when it is probable that a liability has been incurred and the amount can be reasonably estimated. The amount of the liability is based on our best estimate or the low end of a range of reasonably possible exposure for investigation, cleanup and monitoring costs to be incurred. Estimated remediation costs are not discounted to present value as the timing of payments cannot be reasonably estimated. We may be able to recover a portion of the remediation costs from insurers or other third parties. Such recoveries are recorded when realization of the claim for recovery is deemed probable.
Cash and Cash Equivalents
Cash and Cash Equivalents
Cash and cash equivalents consist of highly liquid instruments, such as commercial paper, time deposits, and other money market instruments, which have original maturities of three months or less. We aggregate our cash balances by bank where conditions for right of set-off are met, and reclassify any negative balances, consisting mainly of uncleared checks, to Accounts payable. Negative balances reclassified to Accounts payable were $102 and $47 at December 31, 2022 and 2021.
Inventories
Inventories
Inventoried costs on commercial aircraft programs and long-term contracts include direct engineering, production and tooling and other non-recurring costs, and applicable overhead, which includes fringe benefits, production related indirect and plant management salaries and plant services, not in excess of estimated net realizable value. To the extent a material amount of such costs are related to an abnormal event or are fixed costs not appropriately attributable to our programs or contracts, they are expensed in the current period rather than inventoried. Inventoried costs include amounts relating to programs and contracts with long-term production cycles, a portion of which is not expected to be realized within one year. Included in inventory for federal government contracts is an allocation of allowable costs related to manufacturing process reengineering.
Commercial aircraft programs inventory includes deferred production costs and supplier advances. Deferred production costs represent actual costs incurred for production of early units that exceed the estimated average cost of all units in the program accounting quantity. Higher production costs are experienced at the beginning of a new or derivative aircraft program. Units produced early in a program require substantially more effort (labor and other resources) than units produced later in a program because of volume efficiencies and the effects of learning. We expect that these deferred costs will be fully recovered when all units included in the accounting quantity are delivered as the expected unit cost for later deliveries is below the estimated average cost of all units in the program. Supplier advances represent payments for parts we have contracted to receive from suppliers in the future. As parts are received, supplier advances are amortized to work in process.
The determination of net realizable value of long-term contract costs is based upon quarterly reviews that estimate costs to be incurred to complete all contract requirements. When actual contract costs and
the estimate to complete exceed total estimated contract revenues, a loss provision is recorded. The determination of net realizable value of commercial aircraft program costs is based upon quarterly program reviews that estimate revenue and cost to be incurred to complete the program accounting quantity. When estimated costs to complete exceed estimated program revenues to go, a program loss provision is recorded in the current period for the estimated loss on all undelivered units in the accounting quantity.
Used aircraft purchased by the Commercial Airplanes segment and general stock materials are stated at cost not in excess of net realizable value. Spare parts inventory is stated at lower of average unit cost or net realizable value. We review our commercial spare parts and general stock materials quarterly to identify impaired inventory, including excess or obsolete inventory, based on historical sales trends, expected production usage, and the size and age of the aircraft fleet using the part. Impaired inventories are charged to Cost of products in the period the impairment occurs.
Included in inventory for commercial aircraft programs are amounts paid or credited in cash, or other consideration to certain airline customers, that are referred to as early issue sales consideration. Early issue sales consideration is recognized as a reduction to revenue when the delivery of the aircraft under contract occurs. If an airline customer does not perform and take delivery of the contracted aircraft, we believe that we would have the ability to recover amounts paid. However, to the extent early issue sales consideration exceeds advances and is not considered to be otherwise recoverable, it would be written off in the current period.
Precontract Costs
Precontract Costs
We may, from time to time, incur costs in excess of the amounts required for existing contracts. If we determine the costs are probable of recovery from future orders, then we capitalize the precontract costs we incur, excluding start-up costs which are expensed as incurred. Capitalized precontract costs are included in Inventories in the accompanying Consolidated Statements of Financial Position. Should future orders not materialize or we determine the costs are no longer probable of recovery, the capitalized costs would be written off.
Property, Plant and Equipment
Property, Plant and Equipment
Property, plant and equipment are recorded at cost, including applicable construction-period interest, less accumulated depreciation and are depreciated principally over the following estimated useful lives: new buildings and land improvements, from 10 to 40 years; and new machinery and equipment, from 4 to 20 years. The principal methods of depreciation are as follows: buildings and land improvements, 150% declining balance; and machinery and equipment, sum-of-the-years’ digits. Capitalized internal use software is included in Other assets and amortized using the straight line method over 5 years. Capitalized software as a service is included in Other assets and amortized using the straight line method over the term of the hosting arrangement, which is typically no greater than 10 years. We periodically evaluate the appropriateness of remaining depreciable lives assigned to long-lived assets, including assets that may be subject to a management plan for disposition.
Long-lived assets held for sale are stated at the lower of cost or fair value less cost to sell. Long-lived assets held for use are subject to an impairment assessment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If the carrying value is no longer recoverable based upon the undiscounted future cash flows of the asset, the amount of the impairment is the difference between the carrying amount and the fair value of the asset.
Leases Leases We determine if an arrangement is, or contains, a lease under which we are the lessee at the inception date. Operating lease assets are included in Other assets, with the related liabilities included in Accrued liabilities and Other long-term liabilities. Assets under finance leases, which primarily represent computer equipment, are included in Property, plant and equipment, net, with the related
liabilities included in Short-term debt and current portion of long-term debt and Long-term debt on the Consolidated Statements of Financial Position.
Operating lease assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. We use our estimated incremental borrowing rate in determining the present value of lease payments. Variable components of the lease payments such as fair market value adjustments, utilities and maintenance costs are expensed as incurred and not included in determining the present value. Our lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for operating leases is recognized on a straight-line basis over the lease term.
We have real property lease agreements with lease and non-lease components which are accounted for as a single lease component.
Asset Retirement Obligations
Asset Retirement Obligations
We record all known asset retirement obligations for which the liability’s fair value can be reasonably estimated, including certain asbestos removal, asset decommissioning and contractual lease restoration obligations. Recorded amounts are not material.
We also have known conditional asset retirement obligations, such as certain asbestos remediation and asset decommissioning activities to be performed in the future, that are not reasonably estimable due to insufficient information about the timing and method of settlement of the obligation. Accordingly, these obligations have not been recorded in the Consolidated Financial Statements. A liability for these obligations will be recorded in the period when sufficient information regarding timing and method of settlement becomes available to make a reasonable estimate of the liability’s fair value. In addition, there may be conditional asset retirement obligations that we have not yet discovered (e.g. asbestos may exist in certain buildings but we have not become aware of it through the normal course of business), and therefore, these obligations also have not been included in the Consolidated Financial Statements.
Goodwill and Other Acquired Intangibles
Goodwill and Other Acquired Intangibles
Goodwill and other acquired intangible assets with indefinite lives are not amortized, but are tested for impairment annually and when an event occurs or circumstances change such that it is more likely than not that an impairment may exist. Our annual testing date is April 1.
We test goodwill for impairment by performing a qualitative assessment or using a quantitative test. If we choose to perform a qualitative assessment and determine it is more likely than not that the carrying value of the net assets is more than the fair value of the related operations, the quantitative test is then performed; otherwise, no further testing is required. For operations where the quantitative test is used, we compare the carrying value of net assets to the estimated fair value of the related operations. If the fair value is determined to be less than carrying value, the shortfall up to the carrying value of the goodwill represents the amount of goodwill impairment.
Indefinite-lived intangibles consist of a brand and trade name and in-process research and development (IPR&D) acquired in business combinations. IPR&D is initially capitalized at fair value as an intangible asset with an indefinite life and assessed for impairment thereafter. IPR&D is reclassified to finite-lived acquired intangible assets when a project is completed and then amortized on a straight-line basis over the asset’s estimated useful life. We test these intangibles for impairment by comparing the carrying values to current projections of related discounted cash flows. Any excess carrying value over the amount of discounted cash flows represents the amount of the impairment.
Our finite-lived acquired intangible assets are amortized on a straight-line basis over their estimated useful lives as follows: developed technology, from 4 to 14 years; product know-how, from 6 to 30 years; customer base, from 3 to 17 years; distribution rights, from 3 to 27 years; and other, from 1 to 32 years. We evaluate the potential impairment of finite-lived acquired intangible assets whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If the carrying value is no longer recoverable based upon the undiscounted future cash flows of the asset, the amount of the impairment is the difference between the carrying amount and the fair value of the asset.
Investments
Investments
Time deposits are held-to-maturity investments that are carried at cost.
Available-for-sale debt securities include commercial paper, U.S. government agency securities and corporate debt securities. Available-for-sale debt securities are recorded at fair value, and unrealized gains and losses are recorded, net of tax, as a component of accumulated other comprehensive income. Realized gains and losses on available-for-sale debt securities are recognized based on the specific identification method. Available-for-sale debt securities are assessed for impairment quarterly.
The equity method of accounting is used to account for investments for which we have the ability to exercise significant influence, but not control, over an investee. Significant influence is generally deemed to exist if we have an ownership interest in the voting stock of an investee of between 20% and 50%. The cumulative earnings approach is used for cash flow classification of distributions received from equity method investments.
Other Equity investments are recorded at fair value, with gains and losses recorded through net earnings. Equity investments without readily determinable fair value are measured at cost, less impairments, plus or minus observable price changes. Equity investments without readily determinable fair value are assessed for impairment quarterly.
We classify investment income and loss on our Consolidated Statements of Operations based on whether the investment is operating or non-operating in nature. Operating investments align strategically and are integrated with our operations. Earnings from operating investments, including our share of income or loss from equity method investments, dividend income from other equity investments, and any impairments or gain/loss on the disposition of these investments, are recorded in (Loss)/Income from operating investments, net. Non-operating investments are those we hold for non-strategic purposes. Earnings from non-operating investments, including interest and dividends on marketable securities, and any impairments or gain/loss on the disposition of these investments are recorded in Other income, net.
Derivatives
Derivatives
All derivative instruments are recognized in the financial statements and measured at fair value regardless of the purpose or intent of holding them. We use derivative instruments to principally manage a variety of market risks. For our cash flow hedges, the derivative’s gain or loss is initially reported in comprehensive income and is subsequently reclassified into earnings in the same period(s) during which the hedged forecasted transaction affects earnings.
We have agreements to purchase and sell aluminum to address long-term strategic sourcing objectives and non-U.S. business requirements. We also hold certain other derivative instruments for economic purposes. These aluminum purchase and sale agreements and other derivative instruments are derivatives for accounting purposes but are not designated as hedges for accounting purposes. For these aluminum agreements and other derivative instruments not designated for hedge accounting treatment, the changes in their fair value are recorded in earnings immediately.
Allowances for Losses on Certain Financial Assets
Allowances for Losses on Certain Financial Assets
We establish allowances for credit losses on accounts receivable, unbilled receivables, customer financing receivables and certain other financial assets. The adequacy of these allowances is assessed quarterly through consideration of factors such as customer credit ratings, bankruptcy filings, published or estimated credit default rates, age of the receivable, expected loss rates and collateral exposures. Collateral exposure is the excess of the carrying value of a financial asset over the fair value of the related collateral. We determine the creditworthiness of our customers by assigning internal credit ratings based upon publicly available information and information obtained directly from the customers. Our rating categories are comparable to those used by major credit rating agencies.
Customer financing receivables are collateralized by security in the related asset. We use a median calculated from published collateral values from multiple third-party aircraft value publications based on the type and age of the aircraft to determine the fair value of aircraft collateral. Under certain circumstances, we apply judgment based on the attributes of the specific aircraft or equipment, usually when the features or use of the aircraft vary significantly from the more generic aircraft attributes covered by outside publications.
We have entered into agreements with certain customers that would entitle us to look beyond the specific collateral underlying the receivable for purposes of determining the collateral exposure. Should the proceeds from the sale of the underlying collateral asset resulting from a default condition be insufficient to cover the carrying value of our receivable (creating a shortfall condition), these agreements would, for example, permit us to take the actions necessary to sell or retain certain other assets in which the customer has an equity interest and use the proceeds to cover the shortfall.
Commercial Aircraft Trade-in Commitments
Commercial Aircraft Trade-in Commitments
In conjunction with signing a definitive agreement for the sale of new commercial aircraft (Sale Aircraft), we have entered into trade-in commitments with certain customers that give them the right to trade in used aircraft at a specified price.
Exposure related to trade-in commitments may take the form of:
(1)adjustments to revenue for the difference between the contractual trade-in price in the definitive agreement and our best estimate of the fair value of the trade-in aircraft as of the date of such agreement, which would be recognized upon delivery of the Sale Aircraft, and/or
(2)charges to cost of products for adverse changes in the fair value of trade-in aircraft that occur subsequent to signing of a definitive agreement for Sale Aircraft but prior to the purchase of the used trade-in aircraft. Estimates based on current aircraft values would be included in Accrued liabilities.
The fair value of trade-in aircraft is determined using aircraft-specific data such as model, age and condition, market conditions for specific aircraft and similar models, and multiple valuation sources. This process uses our assessment of the market for each trade-in aircraft, which in most instances begins years before the return of the aircraft. There are several possible markets in which we continually pursue opportunities to place used aircraft. These markets include, but are not limited to, the resale market, which could potentially include the cost of long-term storage; the leasing market, with the potential for refurbishment costs to meet the leasing customer’s requirements; or the scrap market. Trade-in aircraft valuation varies significantly depending on which market we determine is most likely for each aircraft. On a quarterly basis, we update our valuation analysis based on the actual activities associated with placing each aircraft into a market or using current published third-party aircraft valuations based on the type and age of the aircraft, adjusted for individual attributes and known conditions.
Warranties
Warranties
In conjunction with certain product sales, we provide warranties that cover factors such as non-conformance to specifications and defects in material and design. The majority of our warranties are issued by our BCA segment. Generally, aircraft sales are accompanied by a 3 to 4-year standard warranty for systems, accessories, equipment, parts, and software manufactured by us or manufactured to certain standards under our authorization. These warranties are included in the programs’ estimate at completion. On occasion we have made commitments beyond the standard warranty obligation to correct fleet-wide major issues of a particular model, resulting in additional accrued warranty expense. Warranties issued by our BDS segment principally relate to sales of military aircraft and weapons systems. These sales are generally accompanied by a six month to two-year warranty period and cover systems, accessories, equipment, parts and software manufactured by us to certain contractual specifications. Estimated costs related to standard warranties are recorded in the period in which the related product delivery occurs. The warranty liability recorded at each balance sheet date reflects the estimated number of months of warranty coverage outstanding for products delivered times the average of historical monthly warranty payments, as well as additional amounts for certain major warranty issues that exceed a normal claims level. Estimated costs of these additional warranty issues are considered changes to the initial liability estimate.
We provide guarantees to certain commercial aircraft customers which include compensation provisions for failure to meet specified aircraft performance targets. We account for these performance guarantees as warranties. The estimated liability for these warranties is based on known and anticipated operational characteristics and forecasted customer operation of the aircraft relative to contractually specified performance targets, and anticipated settlements when contractual remedies are not specified. Estimated payments are recorded as a reduction of revenue at delivery of the related aircraft. We have agreements that require certain suppliers to compensate us for amounts paid to customers for failure of supplied equipment to meet specified performance targets. Claims against suppliers under these agreements are included in Inventories and recorded as a reduction in Cost of products at delivery of the related aircraft. These performance warranties and claims against suppliers are included in the programs’ estimate at completion.
Supplier Penalties Supplier PenaltiesWe record an accrual for supplier penalties when an event occurs that makes it probable we will incur a supplier penalty and the amount is reasonably estimable.
Guarantees
Guarantees
At the inception of a guarantee, we record a liability in Accrued liabilities for the fair value of the guarantee. For credit guarantees, the liability is equal to the present value of the expected loss. We determine the expected loss by multiplying the creditor’s default rate by the guarantee amount reduced by the expected recovery, if applicable. We also recognize a liability for the expected contingent loss at inception and adjust it each quarter.
Earnings Per Share Basic and diluted earnings per share are computed using the two-class method, which is an earnings allocation method that determines earnings per share for common shares and participating securities. The undistributed earnings are allocated between common shares and participating securities as if all earnings had been distributed during the period. Participating securities and common shares have equal rights to undistributed earnings.Basic earnings per share is calculated by taking net earnings, less earnings available to participating securities, divided by the basic weighted average common shares outstanding.Diluted earnings per share is calculated by taking net earnings, less earnings available to participating securities, divided by the diluted weighted average common shares outstanding.
Backlog Our total backlog includes contracts that we and our customers are committed to perform. The value in backlog represents the estimated transaction prices on performance obligations to our customers for which work remains to be performed. Backlog is converted into revenue, primarily based on the cost incurred or at delivery and acceptance of products, depending on the applicable revenue recognition model.
v3.22.4
Summary of Business Segment Data (Tables)
 12 Months Ended
Dec. 31, 2022
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Schedule of Segment Reporting Information, by Segment
(Dollars in millions) 
Years ended December 31,
202220212020
Revenues:
Commercial Airplanes$25,867 $19,493 $16,162 
Defense, Space & Security23,162 26,540 26,257 
Global Services17,611 16,328 15,543 
Boeing Capital199 272 261 
Unallocated items, eliminations and other(231)(347)(65)
Total revenues$66,608 $62,286 $58,158 
(Loss)/earnings from operations:
Commercial Airplanes($2,370)($6,475)($13,847)
Defense, Space & Security(3,544)1,544 1,539 
Global Services2,727 2,017 450 
Boeing Capital29 106 63 
Segment operating loss(3,158)(2,808)(11,795)
Unallocated items, eliminations and other(1,532)(1,267)(2,355)
FAS/CAS service cost adjustment1,143 1,173 1,383 
Loss from operations(3,547)(2,902)(12,767)
Other income, net1,058 551 447 
Interest and debt expense(2,533)(2,682)(2,156)
Loss before income taxes(5,022)(5,033)(14,476)
Income tax (expense)/benefit(31)743 2,535 
Net loss(5,053)(4,290)(11,941)
Less: net loss attributable to noncontrolling interest(118)(88)(68)
Net loss attributable to Boeing Shareholders($4,935)($4,202)($11,873)
v3.22.4
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Schedule of Change in Accounting Estimate
The table below reflects the impact of net cumulative catch-up adjustments for changes in estimated revenues and costs at completion across all long-term contracts including the impact to Loss from operations from increases in estimated losses on unexercised options for the years ended December 31:
202220212020
Decrease to Revenue($2,335)($379)($359)
Increase to Loss from operations ($5,253)($880)($942)
Decrease to Diluted EPS($8.88)($1.28)($1.37)
v3.22.4
Goodwill and Acquired Intangibles (Tables)
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Reportable Segment
Changes in the carrying amount of goodwill for the years ended December 31, 2022 and 2021 were as follows:
Commercial
Airplanes		Defense, Space & SecurityGlobal ServicesOtherTotal
Balance at December 31, 2020$1,316 $3,224 $3,454 $87 $8,081 
Goodwill adjustments(11)(2)(13)
Balance at December 31, 2021$1,316 $3,224 $3,443 $85 $8,068 
Goodwill adjustments(11)(11)
Balance at December 31, 2022$1,316 $3,224 $3,432 $85 $8,057 
Schedule of Finite-Lived Intangible Assets
The gross carrying amounts and accumulated amortization of our acquired finite-lived intangible assets were as follows at December 31:
20222021
Gross
Carrying
Amount		Accumulated
Amortization		Gross
Carrying
Amount		Accumulated
Amortization
Distribution rights$2,546 $1,443 $2,554 $1,321 
Product know-how552 441 553 413 
Customer base1,356 777 1,360 721 
Developed technology621 545 626 526 
Other276 233 301 250 
Total$5,351 $3,439 $5,394 $3,231 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense Estimated amortization expense for the five succeeding years is as follows:
20232024202520262027
Estimated amortization expense$234 $219 $194 $190 $172 
v3.22.4
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Weighted Average Number of Shares
The elements used in the computation of basic and diluted earnings per share were as follows:
(In millions - except per share amounts)
Years ended December 31,202220212020
Net loss available to common shareholders($4,935)($4,202)($11,873)
Basic
Basic weighted average shares outstanding
595.2 588.0 569.0 
Less: participating securities(2)
0.3 0.4 0.4 
Basic weighted average common shares outstanding
594.9 587.6 568.6 
Diluted
Basic weighted average shares outstanding
595.2 588.0 569.0 
Dilutive potential common shares(1)
Diluted weighted average shares outstanding
595.2 588.0 569.0 
Less: participating securities(2)
0.3 0.4 0.4 
Diluted weighted average common shares outstanding
594.9 587.6 568.6 
Net loss per share:
Basic
($8.30)($7.15)($20.88)
Diluted
(8.30)(7.15)(20.88)
(1)Diluted loss per share includes any dilutive impact of stock options, restricted stock units, performance-based restricted stock units and performance awards.
(2)Participating securities include certain instruments in our deferred compensation plan.
Schedule of Weighted Average Number of Shares Outstanding Excluded from the Computation of Diluted Earnings Per Share The following table represents all shares that were excluded from the calculation of diluted loss per share during the respective period but may be dilutive potential common shares in future periods. This includes potential common shares that were excluded because the effect was either antidilutive or the performance condition was not met.
(Shares in millions)
Years ended December 31,202220212020
Performance awards 2.9 5.7 
Performance-based restricted stock units0.4 0.8 1.3 
Restricted stock units1.0 0.4 1.0 
Stock options0.8 0.3 
v3.22.4
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Components of Earnings Before Income Taxes Between Domestic and Foreign Jurisdictions
The components of Loss before income taxes were:
Years ended December 31,202220212020
U.S.($5,457)($5,475)($14,882)
Non-U.S.435 442 406 
Total($5,022)($5,033)($14,476)
Schedule of Income Tax Expense/(Benefit)
Income tax (benefit)/expense consisted of the following:
Years ended December 31,202220212020
Current tax (benefit)/expense
U.S. federal($58)($89)($3,968)
Non-U.S.142 147 148 
U.S. state(42)42 21 
Total current42 100 (3,799)
Deferred tax (benefit)/expense
U.S. federal(62)(855)652 
Non-U.S.(3)(12) 
U.S. state54 24 612 
Total deferred(11)(843)1,264 
Total income tax expense/(benefit)$31 ($743)($2,535)
Schedule of Effective Income Tax Rate Reconciliation
The following is a reconciliation of the U.S. federal statutory tax to actual income tax (benefit)/expense:
Years ended December 31,202220212020
AmountRateAmountRateAmountRate
U.S. federal statutory tax($1,054)21.0 %($1,057)21.0 %($3,039)21.0 %
Valuation allowance1,199 (23.9)512 (10.2)2,603 (18.0)
Research and development credits(204)4.1 (189)3.8 (284)2.0 
State income tax provision, net of effects on U.S. federal tax(90)1.8 (94)1.9 (168)1.2 
Tax on non-U.S. activities64 (1.3)47 (0.9)7 (0.1)
Impact of CARES Act (1)
(5)0.1 3 (0.1)(1,175)8.1 
Other provision adjustments121 (2.4)35 (0.8)108 (0.8)
Audit settlements(2)
(587)4.1 
Income tax expense/(benefit)$31 (0.6)%($743)14.7 %($2,535)17.5 %
(1)    On March 27, 2020, the CARES Act was enacted, which includes a five year net operating loss (NOL) carryback provision which enabled us to benefit from the 2020 U.S. federal tax NOL at the former federal tax rate of 35%. In 2022, 2021, and 2020, we recorded tax benefits of $5, tax expense of $3, and tax benefits of $1,175 related to the NOL carryback provision.
(2)    In the fourth quarter of 2020, we recorded a tax benefit of $587 related to the settlement of the 2015-2017 federal tax audit.
Significant Components of Deferred Tax Assets Net of Deferred Tax Liabilities
Significant components of our deferred tax assets/(liabilities) at December 31 were as follows:
20222021
Inventory and long-term contract methods of income recognition($4,369)($3,827)
Federal net operating loss, credit, interest and other carryovers(1)
2,082 1,522 
Fixed assets, intangibles and goodwill(1,641)(1,657)
Research expenditures1,464 
Pension benefits1,146 1,739 
Other employee benefits1,095 991 
State net operating loss, credit, interest and other carryovers(2)
1,021 929 
Accrued expenses and reserves 933 763 
Other postretirement benefit obligations660 913 
737 MAX customer concessions and other considerations425 682 
Other179 227 
Gross deferred tax assets/(liabilities) before valuation allowance$2,995 $2,282 
Valuation allowance(3,162)(2,423)
Net deferred tax assets/(liabilities) after valuation allowance($167)($141)
(1)     Of the deferred tax asset for federal net operating loss, credit, interest and other carryovers, $742 expires on or before December 31, 2042 and $1,340 may be carried over indefinitely.
(2)     Of the deferred tax asset for state net operating loss, credit, interest and other carryovers, $514 expires on or before December 31, 2042 and $507 may be carried over indefinitely.
Net Deferred Tax Assets and Liabilities
Net deferred tax assets/(liabilities) at December 31 were as follows:
20222021
Deferred tax assets$12,301 $11,258 
Deferred tax liabilities(9,306)(8,976)
Valuation allowance(3,162)(2,423)
Net deferred tax assets/(liabilities)($167)($141)
Schedule of Unrecognized Tax Benefits Roll Forward
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
202220212020
Unrecognized tax benefits – January 1$858 $966 $1,476 
Gross increases – tax positions in prior periods17 64 44 
Gross decreases – tax positions in prior periods(51)(245)(581)
Gross increases – current period tax positions91 73 136 
Gross decreases – current period tax positions
Settlements(109)
Unrecognized tax benefits – December 31$915 $858 $966 
v3.22.4
Accounts Receivable, net (Tables)
 12 Months Ended
Dec. 31, 2022
Accounts Receivable, after Allowance for Credit Loss [Abstract]  
Schedule of Accounts Receivable
Accounts receivable at December 31 consisted of the following:
20222021
U.S. government contracts(1)
$800 $1,180 
Commercial Airplanes293 279 
Global Services(2)
1,390 1,456 
Defense, Space, & Security(2)
145 111 
Other5 5 
Less valuation allowance(116)(390)
Total$2,517 $2,641 
(1)Includes foreign military sales through the U.S. government
(2)Excludes U.S. government contracts
v3.22.4
Allowance for Losses on Financial Assets (Tables)
 12 Months Ended
Dec. 31, 2022
Credit Loss [Abstract]  
Schedule of Financial Assets, Allowance for Credit Loss
The change in allowances for expected credit losses for the years ended December 31, 2022 and 2021 consisted of the following:
Accounts receivableUnbilled receivablesOther Current AssetsCustomer financingOther AssetsTotal
Balance at January 1, 2021($444)($129)($72)($17)($140)($802)
Changes in estimates(24)(11)6 (1)(59)(89)
Write-offs77 49 4 13 143 
Recoveries1 1 
Balance at December 31, 2021(390)(91)(62)(18)(186)(747)
Balance at January 1, 2022(390)(91)(62)(18)(186)(747)
Changes in estimates2 21 (27)(37)(35)(76)
Write-offs260 47 4 133 444 
Recoveries12 12 
Balance at December 31, 2022($116)($23)($85)($55)($88)($367)
v3.22.4
Inventories (Tables)
 12 Months Ended
Dec. 31, 2022
Inventory Disclosure [Abstract]  
Schedule of Inventory, Current
Inventories at December 31 consisted of the following:
20222021
Long-term contracts in progress$582 $872 
Commercial aircraft programs67,702 68,106 
Capitalized precontract costs(1)
794 648 
Commercial spare parts, used aircraft, general stock materials and other9,073 9,197 
Total$78,151 $78,823 
(1)    Capitalized precontract costs at December 31, 2022 includes amounts related to KC-46A Tanker, Commercial Crew, and T-7 Production Options. See Note 13.
v3.22.4
Contracts with Customers (Tables)
 12 Months Ended
Dec. 31, 2022
Contracts with Customers [Abstract]  
Schedule of Unbilled Receivables and Claims
The following table summarizes our contract assets under long-term contracts that were unbillable or related to outstanding claims as of December 31:
UnbilledClaims
2022202120222021
Current$6,478 $5,870 $4 
Expected to be collected after one year2,179 2,841 $16 $11 
Less valuation allowance(23)(91)
Total$8,634 $8,620 $16 $15 
v3.22.4
Customer Financing (Tables)
 12 Months Ended
Dec. 31, 2022
Customer Financing [Abstract]  
Schedule of Customer Financing
Customer financing consisted of the following at December 31:
20222021
Financing receivables:
Investment in sales-type/finance leases$804 $944 
Notes385 412 
Total financing receivables1,189 1,356 
Less allowance for losses on receivables55 18 
Financing receivables, net1,134 1,338 
Operating lease equipment, at cost, less accumulated depreciation of $76 and $58
470 474 
Total$1,604 $1,812 
Components of Investment in Sales Type or Finance Leases
The components of investment in sales-type/finance leases at December 31 were as follows:
20222021
Minimum lease payments receivable$924 $1,099 
Estimated residual value of leased assets86 110 
Unearned income(206)(265)
Total$804 $944 
Financing Receivable Credit Quality Indicators
Our financing receivable balances at December 31, 2022 by internal credit rating category and year of origination consisted of the following:
Rating categoriesCurrent2021202020192018PriorTotal
BBB$68 $68 
BB$35 $218 $112 $39 $12 63 479 
B35 218 253 
CCC19 370 389 
Total carrying value of financing receivables$35 $253 $112 $58 $12 $719 $1,189 
Schedule of Customer Financing Carrying Values Related to Major Aircraft Concentrations
The majority of our customer financing portfolio is concentrated in the following aircraft models at December 31:
20222021
717 Aircraft ($45 and $62 accounted for as operating leases)
$563 $603 
747-8 Aircraft (Accounted for as sales-type/finance leases)394 435 
737 Aircraft ($174 and $145 accounted for as operating leases)
186 163 
777 Aircraft ($209 and $225 accounted for as operating leases)
209 233 
MD-80 Aircraft (Accounted for as sales-type/finance leases)96 142 
757 Aircraft (Accounted for as sales-type/finance leases)107 126 
747-400 Aircraft ($0 and $1 accounted for as operating leases)
46 50 
Customer Financing Asset Impairment Charges
Impairment charges related to customer financing operating lease assets for the years ended December 31 were as follows:
202220212020
Boeing Capital$2 $23 $32 
Other Boeing5 8 (8)
Total$7 $31 $24 
Scheduled Receipts on Customer Financing
As of December 31, 2022, undiscounted cash flows for notes receivable, sales-type/finance and operating leases over the next five years and thereafter are as follows:
Notes receivableSales-type/finance leasesOperating leases
Year 1$201 $239 $61 
Year 218 161 50 
Year 319 131 47 
Year 421 118 43 
Year 522 116 43 
Thereafter104 159 61 
Total financing receipts385 924 305 
Less imputed interest(206)
Estimated unguaranteed residual values86 
Total$385 $804 $305 
v3.22.4
Property, Plant and Equipment (Tables)
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment
Property, plant and equipment at December 31 consisted of the following:
20222021
Land$376 $377 
Buildings and land improvements14,404 14,152 
Machinery and equipment15,844 15,692 
Construction in progress1,368 1,235 
Gross property, plant and equipment31,992 31,456 
Less accumulated depreciation(21,442)(20,538)
Total$10,550 $10,918 
v3.22.4
Investments (Tables)
 12 Months Ended
Dec. 31, 2022
Investments [Abstract]  
Schedule of Investments
Our investments, which are recorded in Short-term and other investments or Investments, consisted of the following at December 31:
2022 2021
Equity method investments (1)
$948 $930 
Time deposits2,093 7,676 
Available for sale debt instruments479 464 
Equity and other investments36 45 
Restricted cash & cash equivalents (2)
33 52 
Total$3,589 $9,167 
(1)Dividends received were $111 and $77 during 2022 and 2021. Retained earnings at December 31, 2022 include undistributed earnings from our equity method investments of $141. During the third quarter of 2021, Boeing and AE Industrial Partners announced a strategic partnership to establish a dedicated aerospace venture fund. This transaction resulted in the deconsolidation of HorizonX and generated a gain of $117 which is included in (Loss)/income from operating investments, net.
(2)Reflects amounts restricted in support of our property sales, workers’ compensation programs and insurance premiums.
Schedule of Equity Method Investments
Equity Method Investments
Our equity method investments consisted of the following at December 31:
SegmentOwnership PercentagesInvestment Balance
2022 2021
United Launch Alliance
BDS
50%$587 $617 
OtherBCA, BDS, BGS and Other 361 313 
Total equity method investments$948 $930 
v3.22.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Supplemental Balance Sheet Information Related to Operating Leases
Supplemental Consolidated Statement of Financial Position information related to leases consisted of the following at December 31:
20222021
Operating leases:
Operating lease right-of-use assets$1,451$1,437
Current portion of lease liabilities276268
Non-current portion of lease liabilities1,3051,271
Total operating lease liabilities$1,581$1,539
Weighted average remaining lease term (years)
1213
Weighted average discount rate4.13%3.82%
Schedule of Maturities of Operating Liabilities
Maturities of operating lease liabilities for the next five years are as follows:
Operating leases
2023$316 
2024259 
2025224 
2026191 
2027151 
Thereafter1,039 
Total lease payments2,180 
Less imputed interest(599)
Total$1,581 
v3.22.4
Liabilities, Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Accrued Liabilities
Accrued liabilities at December 31 consisted of the following:
20222021
Accrued compensation and employee benefit costs$6,351 $6,037 
737 MAX grounding customer concessions and other considerations1,864 2,940 
Other customer concessions and considerations1,102 240 
Environmental752 605 
Product warranties2,275 1,900 
Forward loss recognition4,060 2,014 
Accrued interest payable599 641 
Current portion of lease liabilities276 268 
Current portion of retiree healthcare and pension liabilities494 536 
Other3,808 3,274 
Total$21,581 $18,455 
Schedule of 737 Max Customer Concessions and Other Considerations Liability
The following table summarizes changes in the 737 MAX customer concessions and other considerations liability during 2022 and 2021.
20222021
Beginning balance – January 1$2,940 $5,537 
Reductions for payments made(1,031)(2,535)
Reductions for concessions and other in-kind considerations(29)(48)
Changes in estimates(16)(14)
Ending balance – December 31$1,864 $2,940 
Schedule of Environmental Remediation Activity
The following table summarizes environmental remediation activity during the years ended December 31, 2022 and 2021.
20222021
Beginning balance – January 1$605 $565 
Reductions for payments made, net of recoveries(43)(59)
Changes in estimates190 99 
Ending balance – December 31$752 $605 
Schedule of Product Warranty Activity
The following table summarizes product warranty activity recorded during the years ended December 31, 2022 and 2021.
20222021
Beginning balance – January 1$1,900 $1,527 
Additions for current year deliveries202 116 
Reductions for payments made(403)(241)
Changes in estimates576 498 
Ending balance – December 31$2,275 $1,900 
Schedule of Contractual Obligation, Fiscal Year Maturity The estimated earliest potential funding dates for these commitments as of December 31, 2022 are as follows:
Total
2023$3,084 
20242,608 
20253,381 
20262,555 
20271,520 
Thereafter2,957 
$16,105 
v3.22.4
Arrangements with Off-Balance Sheet Risk (Tables)
 12 Months Ended
Dec. 31, 2022
Guarantees [Abstract]  
Schedule of Guarantor Obligations
The following table provides quantitative data regarding our third party guarantees. The maximum potential payments represent a “worst-case scenario” and do not necessarily reflect amounts that we expect to pay. The carrying amount of liabilities represents the amount included in Accrued liabilities.
Maximum
Potential
Payments		Estimated
Proceeds from
Collateral/
Recourse		Carrying
Amount of
Liabilities
December 31,202220212022202120222021
Contingent repurchase commitments$514 $548 $514 $548 
Credit guarantees45 90 28 $27 $24 
v3.22.4
Debt (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Short-Term Debt and Current Portion of Long-Term Debt
Short-term debt and current portion of long-term debt at December 31 consisted of the following:
20222021
Unsecured debt$5,103 $1,155 
Finance lease obligations65 61 
Other notes22 80 
Total$5,190 $1,296 
Schedule of Debt
Debt at December 31 consisted of the following:
20222021
Unsecured debt
1.17% - 2.50% due through 2026
$11,846 12,404 
2.60% - 3.20% due through 2030
6,412 7,001 
3.25% - 3.90% due through 2059
9,576 9,570 
3.95% - 5.15% due through 2059
14,035 13,993 
5.71% - 6.63% due through 2060
13,011 13,008 
6.88% - 8.75% due through 2043
1,854 1,853 
Other debt and notes
Finance lease obligations due through 2044
206 180 
Other notes61 93 
Total debt$57,001 $58,102 
Scheduled Principal Payments for Debt and Capital Lease Obligations
Scheduled principal payments for debt and minimum finance lease obligations for the next five years are as follows:
20232024202520262027
Debt$5,128 $5,081 $4,306 $7,966 $3,300 
Minimum finance lease obligations$69 $52 $41 $22 $5 
v3.22.4
Postretirement Plans (Tables)
 12 Months Ended
Dec. 31, 2022
Retirement Benefits, Description [Abstract]  
Components of Net Periodic Benefit Cost
The components of net periodic benefit (income)/cost were as follows:
PensionOther Postretirement Benefits
Years ended December 31,202220212020202220212020
Service cost$3 $3 $3 $72 $87 $89 
Interest cost2,080 1,988 2,455 98 97 130 
Expected return on plan assets(3,789)(3,848)(3,756)(10)(7)(9)
Amortization of prior service credits(81)(80)(80)(35)(35)(38)
Recognized net actuarial loss/(gain)913 1,219 1,032 (111)(56)(63)
Settlement/curtailment (gain)/loss(4)193 9 (4)
Net periodic benefit (income)/cost($878)($525)($337)$14 $86 $105 
Net periodic benefit cost included in Loss from operations$3 $3 $3 $79 $90 $91 
Net periodic benefit (income)/cost included in Other income, net(881)(528)(340)(58)(1)16 
Net periodic benefit (income)/cost included in Loss before income taxes
($878)($525)($337)$21 $89 $107 
Schedule of Changes in the Benefit Obligation, Plan Assets and Funded Status of Pensions and OPB The following tables show changes in the benefit obligation, plan assets and funded status of both pensions and OPB for the years ended December 31, 2022 and 2021. Benefit obligation balances presented below reflect the PBO for our pension plans and accumulated postretirement benefit obligations (APBO) for our OPB plans.
PensionOther Postretirement Benefits
2022202120222021
Change in benefit obligation
Beginning balance$75,635 $82,415 $4,092 $4,693 
Service cost3 3 72 87 
Interest cost2,080 1,988 98 97 
Amendments1  
Actuarial (gain)/loss(17,605)(3,249)(914)(401)
Settlement/other (870)
Gross benefits paid(4,971)(4,653)(406)(411)
Subsidies 39 26 
Exchange rate adjustment(26)1 (3)1 
Ending balance$55,117 $75,635 $2,978 $4,092 
Change in plan assets
Beginning balance at fair value$67,813 $68,696 $172 $160 
Actual return on plan assets(13,141)4,477 (27)21 
Company contribution2 11 
Plan participants’ contributions 6 6 
Settlement payments
 (870)
Benefits paid(4,824)(4,502)(11)(15)
Exchange rate adjustment(25)1 
Ending balance at fair value$49,825 $67,813 $140 $172 
Amounts recognized in statement of financial position at December 31 consist of:
Other assets$987 $1,426 $21 
Accrued liabilities(138)(144)(356)($392)
Accrued retiree health care(2,503)(3,528)
Accrued pension plan liability, net(6,141)(9,104)
Net amount recognized($5,292)($7,822)($2,838)($3,920)
Schedule of Amounts Recognized in Accumulated Other Comprehensive Loss
Amounts recognized in Accumulated other comprehensive loss at December 31 were as follows:
PensionOther Postretirement Benefits
2022202120222021
Net actuarial loss/(gain)$17,448 $19,031 ($1,862)($1,092)
Prior service credits(1,224)(1,306)(41)(76)
Total recognized in Accumulated other comprehensive loss$16,224 $17,725 ($1,903)($1,168)
Schedule of Key Information for All Plans with ABO in Excess of Plan Assets Key information for our plans with ABO and PBO in excess of plan assets as of December 31 was as follows:
20222021
Accumulated benefit obligation$48,134 $66,406 
Fair value of plan assets42,491 58,593 
20222021
Projected benefit obligation$48,770 $67,841 
Fair value of plan assets42,491 58,593 
Schedule of Assumptions Used to Calculate the Benefit Obligation and Net Periodic Benefit Costs
The following assumptions, which are the weighted average for all plans, are used to calculate the benefit obligation at December 31 of each year and the net periodic benefit cost for the subsequent year.
December 31,202220212020
Discount rate:
Pension5.40 %2.80 %2.50 %
Other postretirement benefits5.30 %2.50 %2.00 %
Expected return on plan assets6.00 %6.30 %6.50 %
Rate of compensation increase4.30 %4.30 %4.30 %
Interest crediting rates for cash balance plans5.00 %5.00 %5.00 %
Schedule of Assumed Health Care Cost Trend Rates
Assumed health care cost trend rates were as follows:
December 31,202220212020
Health care cost trend rate assumed next year5.50 %4.50 %4.50 %
Ultimate trend rate4.50 %4.50 %4.50 %
Year that trend reaches ultimate rate202820212021
Schedule of Actual Allocations for Pension Assets and Target Allocations by Asset Class The actual and target allocations by asset class for the pension assets at December 31 were as follows:
Actual AllocationsTarget Allocations
Asset Class2022202120222021
Fixed income63 %61 %63 %63 %
Global equity14 16 20 20 
Private equity8 8 4 4 
Real estate and real assets8 8 7 7 
Hedge funds7 7 6 6 
Total100 %100 %100 %100 %
Schedule of Allocation of Plan Assets The following table presents our plan assets using the fair value hierarchy as of December 31, 2022 and 2021. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value. Level 1 refers to fair values determined based on quoted prices in active markets for identical assets. Level 2 refers to fair values estimated using significant other observable inputs and Level 3 includes fair values estimated using significant unobservable inputs.
December 31, 2022December 31, 2021
TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Fixed income securities:
Corporate$15,095 $15,025 $70 $20,573 $20,520 $53 
U.S. government and agencies
7,827 7,827 11,285 11,285 
Mortgage backed and asset backed
664 502 162 777 675 102 
Municipal843 811 32 1,064 1,035 29 
Sovereign706 706 1,135 1,126 9 
Other 8 $8 3 $3 
Derivatives:
Assets36 36 62 62 
Liabilities(87)(87)(48)(48)
Cash equivalents and other short-term investments
571 571 448 448 
Equity securities:
U.S. common and preferred stock
2,931 2,931 4,463 4,463 
Non-U.S. common and preferred stock
2,023 2,023 3,345 3,340 5 
Boeing company stock1,782 1,782 1,883 1,883 
Derivatives:
Assets1 1 
Liabilities(1)(1)(1)(1)
Private equity
Real estate and real assets:
Real estate413 413 
Real assets362 310 47 5 784 749 35 
Derivatives:
Assets1 1 8 8 
Liabilities(8)(7)(1)(2)(2)
Total$32,753 $7,054 $25,431 $268 $46,193 $10,851 $35,144 $198 
Fixed income common/collective/pooled funds$1,511 $1,712 
Fixed income other832 747 
Equity common/collective/ pooled funds2,757 4,561 
Private equity4,239 5,100 
Real estate and real assets3,525 3,952 
Hedge funds3,391 4,717 
Total investments measured at NAV as a practical expedient$16,255 $20,789 
Cash$409 $520 
Receivables541 454 
Payables(133)(143)   
Total$49,825 $67,813 
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets
The following tables summarizes the changes of Level 3 assets, reconciled by asset class, held during the years ended December 31, 2022 and 2021. Transfers into and out of Level 3 are reported at the beginning-of-year values.
January 1
2022 Balance		Net Realized and Unrealized Gains/(Losses)Net Purchases, Issuances and SettlementsNet Transfers Into/(Out of) Level 3December 31
2022 Balance
Fixed income securities:
Corporate
$53 ($19)$3 $33 $70 
Mortgage backed and
   asset backed
102 (11)16 55 162 
Municipal29 (14)9 8 32 
Sovereign9 (9) 
Equity securities:
Non-U.S. common and
   preferred stock		5 (45)(2)42 
Real assets (1)5 4 
Total$198 ($90)$31 $129 $268 
January 1
2021 Balance		Net Realized and Unrealized Gains/(Losses)Net Purchases, Issuances and SettlementsNet Transfers Into/(Out of) Level 3December 31
2021 Balance
Fixed income securities:
  Corporate
$40 ($1)$5 $9 $53 
U.S. government and agencies
2 (2)
Mortgage backed and asset backed
120 (17)(1)102 
Municipal72 7 (50)29 
Sovereign2 (8)15 9 
Equity securities:
Non-U.S. common and preferred stock
2 2 (3)4 5 
Real assets2 (2)
Total$240 ($7)$5 ($40)$198 
Schedule of Estimated Future Benefit Payments The table below reflects the total pension benefits expected to be paid from the plans or from our assets, including both our share of the benefit cost and the participants’ share of the cost, which is funded by participant contributions. OPB payments reflect our portion only.
Year(s)202320242025202620272028-2032
Pensions$5,348 $4,473 $4,404 $4,325 $4,221 $19,560 
Other postretirement benefits:
Gross benefits paid381 371 353 334 310 1,176 
Subsidies
(11)(11)(11)(12)(12)(63)
Net other postretirement benefits$370 $360 $342 $322 $298 $1,113 
v3.22.4
Share-Based Compensation and Other Compensation Arrangements (Tables)
 12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Plans Expense and Related Income Tax Benefit The share-based plans expense and related income tax benefit were as follows:
Years ended December 31,202220212020
Restricted stock units and other awards$726 $840 $243 
Income tax benefit (before consideration of valuation allowance)$178$148 $53 
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions
Grant YearGrant DateExpected LifeExpected VolatilityRisk Free Interest RateGrant Date Fair Value Per Option
20222/16/20226.8 years36.6 %2.0 %$83.04 
20212/17/20216.6 years37.8 %1.3 %$74.63 
Schedule of Stock Options Activity
Stock option activity for the year ended December 31, 2022 was as follows:
SharesWeighted Average Exercise Price Per OptionWeighted Average Remaining Contractual Life (Years)Aggregate Intrinsic Value
Number of shares under option:
Outstanding at beginning of year1,709,379$121.83 
Granted362,450259.77 
Exercised(663,348)75.85 
Expired(664)130.72 
Forfeited(17,048)246.21 
Outstanding at end of year1,390,769$178.18 5.0$68 
Exercisable at end of year598,983$77.22 0.2$68 
Schedule of Restricted Stock Units Award Activity
RSU activity for the year ended December 31, 2022 was as follows:
Executive Long-Term Incentive Program Employee Long-Term Incentive ProgramOther
Number of units:
Outstanding at beginning of year2,049,695 4,780,724 698,866 
Granted4,527,189 595,122 
Forfeited(282,488)(269,380)(67,441)
Distributed(176,496)(137,537)(267,853)
Outstanding at end of year6,117,900 4,373,807 958,694 
Undistributed vested units426,652 1,454,414 18,914 
Unrecognized compensation cost$683 $240 $87 
Weighted average remaining amortization period (years)
2.11.02.1
Schedule of Performance Based Restricted Stock Units Award Grant Fair Values The grant date fair values were estimated using a Monte-Carlo simulation model with the assumptions presented below. The model includes no expected dividend yield.
Grant YearGrant DatePerformance PeriodExpected VolatilityRisk Free Interest RateGrant Date Fair Value Per Unit
20202/24/20203 years27.0 %1.2 %$357.38 
Schedule of Performance Based Restricted Stock Units Award Activity
PBRSU activity for the year ended December 31, 2022 was as follows:
Executive Long-Term Incentive Program
Number of units:
Outstanding at beginning of year383,401 
Performance based adjustment(1)
(162,548)
Forfeited(10,647)
Outstanding at end of year210,206 
Unrecognized compensation cost$4 
Weighted average remaining amortization period (years)
0.2
(1)    Represents adjustment to 0% payout for units granted in 2019.
v3.22.4
Shareholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2022
Stockholders' Equity Note [Abstract]  
Schedule of Common Stock Outstanding Roll Forward
The following table shows changes in each class of shares:
Common
Stock		Treasury
Stock
Balance at January 1, 20201,012,261,159 449,352,405 
Issued(19,986,868)
Acquired575,484 
Balance at December 31, 20201,012,261,159 429,941,021 
Issued(6,904,556)
Acquired307,242 
Balance at December 31, 20211,012,261,159 423,343,707 
Issued(8,877,047)
Acquired204,723 
Balance at December 31, 20221,012,261,159 414,671,383 
Schedule of Accumulated Other Comprehensive Income (Loss)
Changes in Accumulated other comprehensive loss (AOCI) by component for the years ended December 31, 2022, 2021 and 2020 were as follows:
Currency Translation AdjustmentsUnrealized Gains and Losses on Certain InvestmentsUnrealized Gains and Losses on Derivative InstrumentsDefined Benefit Pension Plans & Other Postretirement Benefits
Total (1)
Balance at January 1, 2020($128)$1 ($84)($15,942)($16,153)
Other comprehensive income/(loss) before reclassifications98 14 (1,929)
(2)
(1,817)
Amounts reclassified from AOCI
27 810 
(3)
837 
Net current period Other comprehensive income/(loss)98 41 (1,119)(980)
Balance at December 31, 2020($30)$1 ($43)($17,061)($17,133)
Other comprehensive (loss)/income before reclassifications(75)55 4,268 
(2)
4,248 
Amounts reclassified from AOCI(6)1,232 
(3)
1,226 
Net current period Other comprehensive (loss)/income(75)49 5,500 5,474 
Balance at December 31, 2021($105)$1 $6 ($11,561)($11,659)
Other comprehensive (loss)/income before reclassifications
(62)(1)(40)1,529 
(2)
1,426 
Amounts reclassified from AOCI
10 
(4)
673 
(3)
683 
Net current period Other comprehensive (loss)/income
(62)(1)(30)2,202 2,109 
Balance at December 31, 2022($167) ($24)($9,359)($9,550)
(1)    Net of tax.
(2)    Primarily related to remeasurement of assets and benefit obligations related to the Company's pension and other postretirement benefit plans resulting in an actuarial gain/(loss) of $1,533, $4,262 and ($1,956) (net of tax of ($22), ($32) and $111) for the years ended December 31, 2022, 2021 and 2020. See Note 16.
(3)    Primarily related to amortization of actuarial losses for the years ended December 31, 2022, 2021 and 2020 totaling $791, $1,155 and $917 (net of tax of ($11), ($8) and ($52)), respectively. These are included in the net periodic pension cost. See Note 16.
(4)    Included losses of $39 (net of tax of ($11)) from cash flow hedges reclassified to Other income, net because the forecasted transactions are probable of not occurring.
v3.22.4
Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2022
Summary of Derivative Instruments [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The notional amounts and fair values of derivative instruments in the Consolidated Statements of Financial Position as of December 31 were as follows:
Notional
 amounts(1)
Other assetsAccrued
liabilities
202220212022202120222021
Derivatives designated as hedging instruments:
Foreign exchange contracts$2,815 $2,630 $23 $30 ($122)($52)
Commodity contracts602 500 115 88 (9)(18)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts462 361 5 2 (42)(3)
Commodity contracts412 760 28 (1)(7)
Total derivatives$4,291 $4,251 145 128 (174)(80)
Netting arrangements(33)(30)33 30 
Net recorded balance$112 $98 ($141)($50)
(1)Notional amounts represent the gross contract/notional amount of the derivatives outstanding.
Schedule of Derivative Instruments, Gains/(Losses) in Statement of Financial Performance
Gains/(losses) associated with our hedging transactions and forward points recognized in Other comprehensive income are presented in the following table:
Years ended December 31, 20222021
Recognized in Other comprehensive income, net of taxes:
Foreign exchange contracts($118)($47)
Commodity contracts78 102 
Reclassification Out of Accumulated Other Comprehensive Income
Gains/(losses) associated with our hedging transactions and forward points reclassified from AOCI to earnings are presented in the following table:
Years ended December 31,20222021
Foreign exchange contracts
Revenues$1 
Costs and expenses7 $13 
General and administrative(12)8 
Commodity contracts
Costs and expenses$31 ($18)
General and administrative expense10 5 
v3.22.4
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Fair Value, Assets and Liabilities Measured on Recurring Basis The following table presents our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy.
December 31, 2022December 31, 2021
TotalLevel 1Level 2TotalLevel 1Level 2
Assets
Money market funds$1,797 $1,797 $1,370 $1,370 
Available-for-sale debt investments:
Commercial paper256 $256 225 $225 
Corporate notes195 195 262 262 
U.S. government agencies47 47 1 1 
Other equity investments10 10 20 20 
Derivatives112 112 98 98 
Total assets$2,417 $1,807 $610 $1,976 $1,390 $586 
Liabilities
Derivatives($141)($141)($50)($50)
Total liabilities($141)($141)($50)($50)
Fair Value, Assets Measured on Nonrecurring Basis Using Unobservable Inputs The following table presents the nonrecurring losses recognized for the years ended December 31 due to long-lived asset impairment, and the fair value and asset classification of the related assets as of the impairment date:
20222021
TotalLevel 2Level 3Total LossesTotalLevel 2Level 3Total Losses
Investments ($31) ($8)
Customer financing assets
$47 $47 (7)$110 $110 (31)
Property, plant and equipment (19)9 9 (50)
Other Assets and Acquired intangible assets15 15 (55)1 1 (9)
Total$62  $62 ($112)$120  $120 ($98)
Fair Value, Assets Measured on Nonrecurring Basis, Valuation Techniques
For Level 3 assets that were measured at fair value on a nonrecurring basis during the year ended December 31, 2022, the following table presents the fair value of those assets as of the measurement date, valuation techniques and related unobservable inputs of those assets.
Fair
Value		Valuation
Technique(s)		Unobservable InputRange
Median or Average
Customer financing assets$47Market approachAircraft value publications
$40 - $51(1)
Median $46
Aircraft condition adjustments
($4) - $5(2)
Net $1
(1)The range represents the sum of the highest and lowest values for all aircraft subject to fair value measurement, according to the third party aircraft valuation publications that we use in our valuation process.
(2)The negative amount represents the sum, for all aircraft subject to fair value measurement, of all downward adjustments based on consideration of individual aircraft attributes and condition. The positive amount represents the sum of all such upward adjustments.
Fair Values and Related Carrying Values of Financial Instruments
The fair values and related carrying values of financial instruments that are not required to be remeasured at fair value on the Consolidated Statements of Financial Position at December 31 were as follows:
December 31, 2022
Carrying AmountTotal Fair ValueLevel 1Level 2Level 3
Assets
Notes receivable, net$385 $403 $403 
Liabilities
Debt, excluding finance lease obligations(56,794)(52,856)(52,856)
December 31, 2021
Carrying AmountTotal Fair ValueLevel 1Level 2Level 3
Assets
Notes receivable, net$412 $485 $485 
Liabilities
Debt, excluding finance lease obligations(57,921)(65,724)(65,724)
v3.22.4
Segment and Revenue Information (Tables)
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area Revenues, including foreign military sales, are reported by customer location and consisted of the following:
Years ended December 31,202220212020
Asia$8,393 $5,845 $5,931 
Europe7,916 8,967 7,961 
Middle East5,047 4,653 5,308 
Canada1,612 969 1,302 
Oceania1,576 1,147 832 
Africa418 239 114 
Latin America, Caribbean and other2,412 1,376 229 
Total non-U.S. revenues27,374 23,196 21,677 
United States39,218 39,076 36,979 
Estimated potential concessions and other considerations to 737 MAX customers16 14 (498)
Total revenues$66,608 $62,286 $58,158 
Schedule of Disaggregation of Revenue
BCA revenues by customer location consisted of the following:
Years ended December 31,
202220212020
Revenue from contracts with customers:
Asia$4,484 $2,792 $2,679 
Europe4,038 4,334 3,872 
Middle East2,003 1,098 1,647 
Other non-U.S.3,042 1,681 513 
Total non-U.S. revenues13,567 9,905 8,711 
United States12,167 9,472 7,899 
Estimated potential concessions and other considerations to 737 MAX customers16 14 (498)
Total revenues from contracts with customers25,750 19,391 16,112 
Intersegment revenues, eliminated on consolidation117 102 50 
Total segment revenues$25,867 $19,493 $16,162 
Revenue recognized on fixed-price contracts100 %100 %100 %
Revenue recognized at a point in time100 %100 %100 %
BDS revenues on contracts with customers, based on the customer's location, consisted of the following:
Years ended December 31,
202220212020
Revenue from contracts with customers:
U.S. customers$17,144 $19,869 $19,662 
Non-U.S. customers(1)
6,018 6,671 6,595 
Total segment revenue from contracts with customers$23,162 $26,540 $26,257 
Revenue recognized over time99 %99 %98 %
Revenue recognized on fixed-price contracts60 %68 %69 %
Revenue from the U.S. government(1)
89 %89 %89 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
BGS revenues consisted of the following:
Years ended December 31, 202220212020
Revenue from contracts with customers:
Commercial$9,560 $7,527 $6,936 
Government7,681 8,553 8,368 
Total revenues from contracts with customers17,241 16,080 15,304 
Intersegment revenues eliminated on consolidation370 248 239 
Total segment revenues$17,611 $16,328 $15,543 
Revenue recognized at a point in time50 %45 %47 %
Revenue recognized on fixed-price contracts88 %86 %87 %
Revenue from the U.S. government(1)
33 %40 %41 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
Schedule of Unallocated Items and Eliminations Components of Unallocated items, eliminations and other (expense)/income are shown in the following table.
Years ended December 31,202220212020
Share-based plans($114)($174)($120)
Deferred compensation117 (126)(93)
Amortization of previously capitalized interest(95)(107)(95)
Research and development expense, net(278)(184)(240)
Eliminations and other unallocated items(1,162)(676)(1,807)
Unallocated items, eliminations and other($1,532)($1,267)($2,355)
Pension FAS/CAS service cost adjustment$849 $882 $1,024 
Postretirement FAS/CAS service cost adjustment294 291 359 
FAS/CAS service cost adjustment$1,143 $1,173 $1,383 
Reconciliation of Assets from Segment to Consolidated
Segment assets are summarized in the table below.
December 31,20222021
Commercial Airplanes$75,212 $75,863 
Defense, Space & Security14,426 14,974 
Global Services16,149 16,397 
Boeing Capital1,510 1,735 
Unallocated items, eliminations and other29,803 29,583 
Total$137,100 $138,552 
Schedule of Capital Expenditures by Segment
Capital Expenditures
Years ended December 31,202220212020
Commercial Airplanes$218 $177 $322 
Defense, Space & Security202 199 172 
Global Services130 94 127 
Unallocated items, eliminations and other672 510 682 
Total$1,222 $980 $1,303 
Capital expenditures for Unallocated items, eliminations and other relate primarily to assets managed centrally on behalf of the four principal business segments.
Schedule of Depreciation and Amortization Expense by Segment
Depreciation and Amortization
Years ended December 31,202220212020
Commercial Airplanes$508 $535 $559 
Defense, Space & Security
238 233 251 
Global Services346 414 408 
Boeing Capital Corporation46 59 66 
Centrally Managed Assets (1)
841 903 962 
Total$1,979 $2,144 $2,246 
(1)Amounts shown in the table represent depreciation and amortization expense recorded by the individual business segments. Depreciation and amortization for centrally managed assets are included in segment operating earnings based on usage and occupancy. In 2022, $643 was included in the primary business segments, of which $360, $230 and $53 was included in BCA, BDS and BGS, respectively. In 2021, $668 was included in the primary business segments, of which $386, $222 and $60 was included in BCA, BDS and BGS, respectively. In 2020, $689 was included in the primary business segments, of which $397, $236 and $56 was included in BCA, BDS and BGS, respectively.
v3.22.4
Summary of Business Segment Data - Schedule of Segment Reporting Information, by Segment (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Segment Reporting Information [Line Items]      
Total revenues $ 66,608 $ 62,286 $ 58,158
Earnings from operations (3,547) (2,902) (12,767)
Other income, net 1,058 551 447
Interest and debt expense (2,533) (2,682) (2,156)
Loss before income taxes (5,022) (5,033) (14,476)
Income tax (expense)/benefit (31) 743 2,535
Net loss (5,053) (4,290) (11,941)
Less: net loss attributable to noncontrolling interest (118) (88) (68)
Net loss attributable to Boeing Shareholders (4,935) (4,202) (11,873)
Operating Segments      
Segment Reporting Information [Line Items]      
Earnings from operations (3,158) (2,808) (11,795)
Operating Segments | Commercial Airplanes      
Segment Reporting Information [Line Items]      
Total revenues 25,867 19,493 16,162
Earnings from operations (2,370) (6,475) (13,847)
Operating Segments | Defense, Space & Security      
Segment Reporting Information [Line Items]      
Total revenues 23,162 26,540 26,257
Earnings from operations (3,544) 1,544 1,539
Operating Segments | Global Services      
Segment Reporting Information [Line Items]      
Total revenues 17,611 16,328 15,543
Earnings from operations 2,727 2,017 450
Operating Segments | Boeing Capital      
Segment Reporting Information [Line Items]      
Total revenues 199 272 261
Earnings from operations 29 106 63
Other      
Segment Reporting Information [Line Items]      
Total revenues (231) (347) (65)
Unallocated items, eliminations and other 1,532 1,267 2,355
FAS/CAS service cost adjustment $ (1,143) $ (1,173) $ (1,383)
v3.22.4
Summary of Significant Accounting Policies - Narrative (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2022
USD ($)
segment
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Schedule of Accounting Policies [Line Items]      
Number of reportable segments | segment 4    
Reinsurance revenues $ 129 $ 126 $ 129
Reinsurance costs 134 129 136
Research and development expense, net 2,852 2,249 2,476
Accounts payable $ 10,200 9,261  
Capitalized Internal Use Software      
Schedule of Accounting Policies [Line Items]      
Property, plant and equipment, estimated useful lives (in years) 5 years    
Minimum | Commercial Airplanes      
Schedule of Accounting Policies [Line Items]      
Standard warranty term 3 years    
Minimum | Defense, Space & Security      
Schedule of Accounting Policies [Line Items]      
Standard warranty term 6 months    
Minimum | Developed technology      
Schedule of Accounting Policies [Line Items]      
Finite-lived acquired intangible assets, useful lives (in years) 4 years    
Minimum | Product know-how      
Schedule of Accounting Policies [Line Items]      
Finite-lived acquired intangible assets, useful lives (in years) 6 years    
Minimum | Customer base      
Schedule of Accounting Policies [Line Items]      
Finite-lived acquired intangible assets, useful lives (in years) 3 years    
Minimum | Distribution rights      
Schedule of Accounting Policies [Line Items]      
Finite-lived acquired intangible assets, useful lives (in years) 3 years    
Minimum | Other Intangible Assets      
Schedule of Accounting Policies [Line Items]      
Finite-lived acquired intangible assets, useful lives (in years) 1 year    
Minimum | Buildings and Land Improvements      
Schedule of Accounting Policies [Line Items]      
Property, plant and equipment, estimated useful lives (in years) 10 years    
Minimum | Machinery and equipment      
Schedule of Accounting Policies [Line Items]      
Property, plant and equipment, estimated useful lives (in years) 4 years    
Maximum | Commercial Airplanes      
Schedule of Accounting Policies [Line Items]      
Standard warranty term 4 years    
Maximum | Defense, Space & Security      
Schedule of Accounting Policies [Line Items]      
Standard warranty term 2 years    
Maximum | Developed technology      
Schedule of Accounting Policies [Line Items]      
Finite-lived acquired intangible assets, useful lives (in years) 14 years    
Maximum | Product know-how      
Schedule of Accounting Policies [Line Items]      
Finite-lived acquired intangible assets, useful lives (in years) 30 years    
Maximum | Customer base      
Schedule of Accounting Policies [Line Items]      
Finite-lived acquired intangible assets, useful lives (in years) 17 years    
Maximum | Distribution rights      
Schedule of Accounting Policies [Line Items]      
Finite-lived acquired intangible assets, useful lives (in years) 27 years    
Maximum | Other Intangible Assets      
Schedule of Accounting Policies [Line Items]      
Finite-lived acquired intangible assets, useful lives (in years) 32 years    
Maximum | Buildings and Land Improvements      
Schedule of Accounting Policies [Line Items]      
Property, plant and equipment, estimated useful lives (in years) 40 years    
Maximum | Machinery and equipment      
Schedule of Accounting Policies [Line Items]      
Property, plant and equipment, estimated useful lives (in years) 20 years    
Maximum | 7372 Services, Prepackaged Software      
Schedule of Accounting Policies [Line Items]      
Property, plant and equipment, estimated useful lives (in years) 10 years    
Bank Overdrafts      
Schedule of Accounting Policies [Line Items]      
Accounts payable $ 102 47  
Bid and Proposal Costs      
Schedule of Accounting Policies [Line Items]      
Research and development expense, net $ 217 $ 213 $ 224
v3.22.4
Summary of Significant Accounting Policies - Schedule of Change in Accounting Estimate (Details) - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Accounting Policies [Abstract]      
Decrease to Revenue $ (2,335) $ (379) $ (359)
Increase to Loss from operations $ (5,253) $ (880) $ (942)
Decrease to Diluted EPS (in dollars per share) $ (8.88) $ (1.28) $ (1.37)
v3.22.4
Goodwill and Acquired Intangibles - Schedule of Goodwill by Reportable Segment (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Goodwill [Roll Forward]    
Goodwill, beginning balance $ 8,068 $ 8,081
Goodwill adjustments (11) (13)
Goodwill, ending balance 8,057 8,068
Commercial Airplanes    
Goodwill [Roll Forward]    
Goodwill, beginning balance 1,316 1,316
Goodwill adjustments
Goodwill, ending balance 1,316 1,316
Defense, Space & Security    
Goodwill [Roll Forward]    
Goodwill, beginning balance 3,224 3,224
Goodwill adjustments
Goodwill, ending balance 3,224 3,224
Global Services    
Goodwill [Roll Forward]    
Goodwill, beginning balance 3,443 3,454
Goodwill adjustments (11) (11)
Goodwill, ending balance 3,432 3,443
Other    
Goodwill [Roll Forward]    
Goodwill, beginning balance 85 87
Goodwill adjustments (2)
Goodwill, ending balance $ 85 $ 85
v3.22.4
Goodwill and Acquired Intangibles - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]      
Carrying amount of indefinite-lived intangible assets relating to trade names $ 197 $ 197  
Carrying amount of indefinite-lived research and development 202 202  
Amortization of intangible assets $ 241 $ 284  
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]     Cost of Goods and Services Sold
Operating Segments | Distribution rights | Global Services      
Finite-Lived Intangible Assets [Line Items]      
Impairment of intangible assets, indefinite-lived (excluding goodwill)     $ 178
v3.22.4
Goodwill and Acquired Intangibles - Schedule of Finite-Lived Intangible Assets (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount $ 5,351 $ 5,394
Accumulated Amortization 3,439 3,231
Distribution rights    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 2,546 2,554
Accumulated Amortization 1,443 1,321
Product know-how    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 552 553
Accumulated Amortization 441 413
Customer base    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 1,356 1,360
Accumulated Amortization 777 721
Developed technology    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 621 626
Accumulated Amortization 545 526
Other    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 276 301
Accumulated Amortization $ 233 $ 250
v3.22.4
Goodwill and Acquired Intangibles - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Details)
$ in Millions
Dec. 31, 2022
USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]  
2023 $ 234
2024 219
2025 194
2026 190
2027 $ 172
v3.22.4
Earnings Per Share - Schedule of Weighted Average Number of Shares (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Earnings Per Share [Abstract]      
Net loss available to common shareholders $ (4,935) $ (4,202) $ (11,873)
Weighted average number of shares issued, basic (in shares) 595.2 588.0 569.0
Participating securities (in shares) 0.3 0.4 0.4
Basic weighted average common shares outstanding (in shares) 594.9 587.6 568.6
Dilutive potential common shares (in shares)
Diluted weighted average shares outstanding (in shares) 595.2 588.0 569.0
Participating securities (in shares) 0.3 0.4 0.4
Diluted weighted average common shares outstanding (in shares) 594.9 587.6 568.6
Basic loss per share (in dollars per share) $ (8.30) $ (7.15) $ (20.88)
Diluted loss per share (in dollars per share) $ (8.30) $ (7.15) $ (20.88)
v3.22.4
Earnings Per Share - Narrative (Details) - shares
shares in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Antidilutive due to Net Loss      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Shares excluded from the computation of diluted earnings (in shares) 3.5 2.6 1.6
v3.22.4
Earnings Per Share - Schedule of Weighted Average Number of Shares Outstanding Excluded from the Computation of Diluted Earnings Per Share (Details) - Antidilutive or Performance Condition not Met - shares
shares in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Performance awards      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Shares excluded from the computation of diluted earnings (in shares) 2.9 5.7
Performance-based restricted stock units      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Shares excluded from the computation of diluted earnings (in shares) 0.4 0.8 1.3
Restricted stock units      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Shares excluded from the computation of diluted earnings (in shares) 1.0 0.4 1.0
Stock options      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Shares excluded from the computation of diluted earnings (in shares) 0.8 0.3
v3.22.4
Income Taxes - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Mar. 27, 2020
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]        
Net income tax payments/(refunds)   $ (1,317) $ (1,480) $ 37
Deferred tax assets   12,301 11,258  
Deferred tax liabilities   $ 9,306 $ 8,976  
U.S. federal statutory tax 35.00% 21.00% 21.00% 21.00%
Valuation allowance   $ 3,162 $ 2,423  
Valuation allowance, deferred tax asset, increase (decrease), amount   739    
Federal, state, and local, income tax expense (benefit), increase (decrease), amount   18    
Unrecognized tax benefits that would affect the effective tax rate, if recognized   878 $ 790 $ 734
Other Comprehensive Income (Loss)        
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]        
Valuation allowance   478    
Continuing Operations        
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]        
Valuation allowance   $ 1,199    
v3.22.4
Income Taxes - Components of Earnings Before Income Taxes Between Domestic and Foreign Jurisdictions (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Tax Disclosure [Abstract]      
U.S. $ (5,457) $ (5,475) $ (14,882)
Non-U.S. 435 442 406
Loss before income taxes $ (5,022) $ (5,033) $ (14,476)
v3.22.4
Income Taxes - Schedule of Income Tax Expense/(Benefit) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Current tax (benefit)/expense      
U.S. federal $ (58) $ (89) $ (3,968)
Non-U.S. 142 147 148
U.S. state (42) 42 21
Total current 42 100 (3,799)
Deferred tax (benefit)/expense      
U.S. federal (62) (855) 652
Non-U.S. (3) (12)
U.S. state 54 24 612
Total deferred (11) (843) 1,264
Income Tax Expense (Benefit), Continuing Operations [Abstract]      
Total income tax expense/(benefit) $ 31 $ (743) $ (2,535)
v3.22.4
Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 27, 2020
Dec. 31, 2020
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Amount          
U.S. federal statutory tax     $ (1,054) $ (1,057) $ (3,039)
Valuation allowance     1,199 512 2,603
Research and development credits     (204) (189) (284)
State income tax provision, net of effects on U.S. federal tax     (90) (94) (168)
Tax on non-U.S. activities     64 47 7
Impact of CARES Act     (5) 3 (1,175)
Other provision adjustments     121 35 108
Audit settlements   $ 587 (587)
Total income tax expense/(benefit)     $ 31 $ (743) $ (2,535)
Effective Income Tax Rate Reconciliation, Percent [Abstract]          
U.S. federal statutory tax 35.00%   21.00% 21.00% 21.00%
Valuation allowance     (23.90%) (10.20%) (18.00%)
Valuation allowance     4.10% 3.80% 2.00%
State income tax provision, net of effects on U.S. federal tax     1.80% 1.90% 1.20%
Tax on non-U.S. activities     (1.30%) (0.90%) (0.10%)
Impact of CARES Act     0.10% (0.10%) 8.10%
Other provision adjustments     (2.40%) (0.80%) (0.80%)
Audit settlements     4.10%
Effective income tax rate     (0.60%) 14.70% 17.50%
v3.22.4
Income Taxes - Significant Components of Deferred Tax Assets Net of Deferred Tax Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Valuation Allowance [Line Items]    
Inventory and long-term contract methods of income recognition $ (4,369) $ (3,827)
Fixed assets, intangibles and goodwill (1,641) (1,657)
Research expenditures 1,464
Pension benefits 1,146 1,739
Other employee benefits 1,095 991
Accrued expenses and reserves 933 763
Other postretirement benefit obligations 660 913
737 MAX customer concessions and other considerations 425 682
Other 179 227
Gross deferred tax assets/(liabilities) before valuation allowance 2,995 2,282
Valuation allowance (3,162) (2,423)
Net deferred tax assets/(liabilities) after valuation allowance (167) (141)
Federal Tax Authority    
Valuation Allowance [Line Items]    
Federal and state net operating loss, credit, interest and other carryovers 2,082 1,522
Deferred tax asset for net operating loss and credit carryovers each year through December 31, 2042 742  
Deferred tax asset for net operating loss and credit carryovers indefinitely 1,340  
State Tax Authority    
Valuation Allowance [Line Items]    
Federal and state net operating loss, credit, interest and other carryovers 1,021 $ 929
Deferred tax asset for net operating loss and credit carryovers each year through December 31, 2042 514  
Deferred tax asset for net operating loss and credit carryovers indefinitely $ 507  
v3.22.4
Income Taxes - Net Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Income Tax Disclosure [Abstract]    
Deferred tax assets $ 12,301 $ 11,258
Deferred tax liabilities (9,306) (8,976)
Valuation allowance (3,162) (2,423)
Net deferred tax assets/(liabilities) $ 167 $ 141
v3.22.4
Income Taxes - Schedule of Unrecognized Tax Benefits Roll Forward (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]      
Unrecognized tax benefits – January 1 $ 858 $ 966 $ 1,476
Gross increases – tax positions in prior periods 17 64 44
Gross decreases – tax positions in prior periods (51) (245) (581)
Gross increases – current period tax positions 91 73 136
Gross decreases – current period tax positions
Settlements (109)
Unrecognized tax benefits – December 31 $ 915 $ 858 $ 966
v3.22.4
Accounts Receivable, net - Schedule of Accounts Receivable (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Accounts Receivables [Line Items]      
Less valuation allowance $ (116) $ (390) $ (444)
Total 2,517 2,641  
U.S. government contracts      
Accounts Receivables [Line Items]      
Accounts receivable, before allowance for credit loss, current 800 1,180  
Commercial Airplanes      
Accounts Receivables [Line Items]      
Accounts receivable, before allowance for credit loss, current 293 279  
Global Services      
Accounts Receivables [Line Items]      
Accounts receivable, before allowance for credit loss, current 1,390 1,456  
Defense, Space, & Security      
Accounts Receivables [Line Items]      
Accounts receivable, before allowance for credit loss, current 145 111  
Other      
Accounts Receivables [Line Items]      
Accounts receivable, before allowance for credit loss, current $ 5 $ 5  
v3.22.4
Allowance for Losses on Financial Assets - Schedule of Financial Assets, Allowance for Credit Loss (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]      
Account receivable, allowance for credit loss, beginning balance $ (390) $ (444)  
Unbilled receivables, allowance for credit loss, beginning balance (91) (129)  
Allowance for credit loss, beginning balance (747) (802)  
Customer financing, allowance for credit loss, beginning balance (18) (17)  
Accounts receivable, changes in estimates 2 (24)  
Unbilled receivables, changes in estimates 21 (11)  
Customer financing, changes in estimates, rounding   (1)  
Customer financing, changes in estimates (37) $ (12)
Changes in estimates (76) (89)  
Accounts receivable, write-offs 260 77  
Unbilled receivables, write-offs 47 49  
Write-offs 444 143  
Accounts receivable, recovery 12 1  
Recoveries 12 1  
Account receivable, allowance for credit loss, ending balance (116) (390) (444)
Unbilled receivables, allowance for credit loss, ending balance (23) (91) (129)
Allowance for credit loss, ending balance (367) (747) (802)
Customer financing, allowance for credit loss, ending balance (55) (18) (17)
Other Current Assets      
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]      
Allowance for credit loss, beginning balance (62) (72)  
Changes in estimates 27 6  
Write-offs 4 4  
Allowance for credit loss, ending balance (85) (62) (72)
Other Assets      
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]      
Allowance for credit loss, beginning balance (186) (140)  
Changes in estimates (35) (59)  
Write-offs 133 13  
Allowance for credit loss, ending balance $ (88) $ (186) $ (140)
v3.22.4
Inventories - Schedule of Inventory, Current (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Inventory Disclosure [Abstract]    
Long-term contracts in progress $ 582 $ 872
Commercial aircraft programs 67,702 68,106
Capitalized precontract costs 794 648
Commercial spare parts, used aircraft, general stock materials and other 9,073 9,197
Total $ 78,151 $ 78,823
v3.22.4
Inventories - Narrative (Details)
$ in Millions
 3 Months Ended 12 Months Ended
Dec. 31, 2021
USD ($)
aircraft
Dec. 31, 2022
USD ($)
aircraft
Dec. 31, 2021
USD ($)
aircraft
Airplane Program 737      
Inventories [Line Items]      
Number of commercial aircraft program | aircraft 335 250 335
Deferred production costs $ 1,296 $ 2,955 $ 1,296
Unamortized tooling and other non-recurring costs $ 617 626 $ 617
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from firm orders at the balance sheet date   3,555  
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from future orders   $ 26  
Airplane Program 787      
Inventories [Line Items]      
Number of commercial aircraft program | aircraft 110 100 110
Deferred production costs $ 11,693 $ 12,689 $ 11,693
Unamortized tooling and other non-recurring costs 1,815 1,722 1,815
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from firm orders at the balance sheet date   9,881  
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from future orders   4,530  
Abnormal production costs   1,240 468
Increase (decrease) in earnings from operations due to change in accounting estimate. 3,460    
Supplier advances 1,907 1,831 1,907
Airplane Program 777x      
Inventories [Line Items]      
Deferred production costs 652 1,330 652
Unamortized tooling and other non-recurring costs 3,521 3,774 3,521
Inventory, work in process 3,363 4,059 3,363
Abnormal production costs   325  
Early Issue Sales Consideration      
Inventories [Line Items]      
Inventory subject to uncertainty $ 3,290 $ 3,586 $ 3,290
v3.22.4
Contracts with Customers - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Schedule of Contract Assets and Liabilities [Line Items]    
Unbilled receivables, net $ 8,634 $ 8,620
Advances and progress billings 53,081 52,980
Contract with customer, liability, revenue recognized 12,087 11,336
Commercial    
Schedule of Contract Assets and Liabilities [Line Items]    
Unbilled receivables, expected to be collected after one year $ 117 $ 131
v3.22.4
Contracts with Customers - Schedule of Unbilled Receivables and Claims) (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Contracts with Customers [Abstract]      
Contract with customers, unbilled, current $ 6,478 $ 5,870  
Contract with customers, expected to be collected after one year 2,179 2,841  
Contract with customers, less valuation allowance (23) (91) $ (129)
Total unbilled receivables 8,634 8,620  
Contracts with customers, claims, current 4  
Contract with customers, claims, expected to be collected after one year 16 11  
Total claims receivables $ 16 $ 15  
v3.22.4
Customer Financing - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Customer Financing [Line Items]    
Financing receivable, nonaccrual, no allowance $ 405 $ 378
Financing receivable, nonaccrual, interest income 13 18
Sales-type and direct financing leases, lease income 69 54
Operating lease, lease income $ 65 $ 68
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration] Total revenues Total revenues
Sales-type and direct financing leases, profit (loss) $ 28 $ 78
Estimated residual value of leased assets $ 86 $ 110
Minimum    
Customer Financing [Line Items]    
Lessee, finance lease, term of contract (in years) 1 year  
Maximum    
Customer Financing [Line Items]    
Lessee, finance lease, term of contract (in years) 12 years  
CCC    
Customer Financing [Line Items]    
Percentage of credit default rates applied to customers 100.00%  
B    
Customer Financing [Line Items]    
Percentage of credit default rates applied to customers 31.50%  
BB    
Customer Financing [Line Items]    
Percentage of credit default rates applied to customers 2.90%  
BBB    
Customer Financing [Line Items]    
Percentage of credit default rates applied to customers 0.10%  
v3.22.4
Customer Financing - Schedule of Customer Financing (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Customer Financing [Abstract]      
Investment in sales-type/finance leases $ 804 $ 944  
Notes 385 412  
Total financing receivables 1,189 1,356  
Less allowance for losses on receivables 55 18 $ 17
Financing receivables, net 1,134 1,338  
Operating lease equipment, at cost, less accumulated depreciation of $76 and $58 470 474  
Total 1,604 1,812  
Operating lease equipment, accumulated depreciation $ 76 $ 58  
v3.22.4
Customer Financing - Components of Investment in Sales-Type or Finance Leases (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Customer Financing [Abstract]    
Minimum lease payments receivable $ 924 $ 1,099
Estimated residual value of leased assets 86 110
Unearned income (206) (265)
Investment in sales-type/finance leases $ 804 $ 944
v3.22.4
Customer Financing - Financing Receivable Credit Quality Indicators (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]    
Current $ 35  
2021 253  
2020 112  
2019 58  
2018 12  
Prior 719  
Total financing receivables 1,189 $ 1,356
BBB    
Financing Receivable, Credit Quality Indicator [Line Items]    
Current  
2021  
2020  
2019  
2018  
Prior 68  
Total financing receivables 68  
BB    
Financing Receivable, Credit Quality Indicator [Line Items]    
Current 35  
2021 218  
2020 112  
2019 39  
2018 12  
Prior 63  
Total financing receivables 479  
B    
Financing Receivable, Credit Quality Indicator [Line Items]    
Current  
2021 35  
2020  
2019  
2018  
Prior 218  
Total financing receivables 253  
CCC    
Financing Receivable, Credit Quality Indicator [Line Items]    
Current  
2021  
2020  
2019 19  
2018  
Prior 370  
Total financing receivables $ 389  
v3.22.4
Customer Financing - Schedule of Customer Financing Carrying Values Related to Major Aircraft Concentrations (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Customer Financing [Line Items]    
Operating lease equipment $ 470 $ 474
B-717 Aircraft    
Customer Financing [Line Items]    
Gross customer financing 563 603
Operating lease equipment 45 62
B-747-8    
Customer Financing [Line Items]    
Gross customer financing 394 435
B-737 Aircraft    
Customer Financing [Line Items]    
Gross customer financing 186 163
Operating lease equipment 174 145
B-777    
Customer Financing [Line Items]    
Gross customer financing 209 233
Operating lease equipment 209 225
MD-80 Aircraft    
Customer Financing [Line Items]    
Gross customer financing 96 142
B-757 Aircraft    
Customer Financing [Line Items]    
Gross customer financing 107 126
B-747-400 aircraft    
Customer Financing [Line Items]    
Gross customer financing 46 50
Operating lease equipment $ 0 $ 1
v3.22.4
Customer Financing - Customer Financing Asset Impairment Charges (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Customer Financing [Line Items]      
Impairment charges $ 112 $ 98 $ 410
Customer Financing      
Customer Financing [Line Items]      
Impairment charges 7 31 24
Customer Financing | Boeing Capital      
Customer Financing [Line Items]      
Impairment charges 2 23 32
Customer Financing | Other Boeing      
Customer Financing [Line Items]      
Impairment charges $ 5 $ 8 $ (8)
v3.22.4
Customer Financing - Scheduled Receipts on Customer Financing (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Notes receivable    
Year 1 $ 201  
Year 2 18  
Year 3 19  
Year 4 21  
Year 5 22  
Thereafter 104  
Total financing receipts 385  
Sales-type/finance leases    
Year 1 239  
Year 2 161  
Year 3 131  
Year 4 118  
Year 5 116  
Thereafter 159  
Total financing receipts 924 $ 1,099
Less imputed interest (206)  
Estimated residual value of leased assets 86 110
Investment in sales-type/finance leases 804 $ 944
Operating leases    
Year 1 61  
Year 2 50  
Year 3 47  
Year 4 43  
Year 5 43  
Thereafter 61  
Total financing receipts $ 305  
v3.22.4
Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Property, Plant and Equipment [Line Items]    
Gross property, plant and equipment $ 31,992 $ 31,456
Less accumulated depreciation (21,442) (20,538)
Total 10,550 10,918
Land    
Property, Plant and Equipment [Line Items]    
Gross property, plant and equipment 376 377
Buildings and land improvements    
Property, Plant and Equipment [Line Items]    
Gross property, plant and equipment 14,404 14,152
Machinery and equipment    
Property, Plant and Equipment [Line Items]    
Gross property, plant and equipment 15,844 15,692
Construction in progress    
Property, Plant and Equipment [Line Items]    
Gross property, plant and equipment $ 1,368 $ 1,235
v3.22.4
Property, Plant and Equipment - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Property, Plant and Equipment [Line Items]      
Interest capitalized $ 89 $ 76 $ 81
Property, plant and equipment additions, non-cash 101 46  
Property, plant and equipment included in accounts payable 396 295  
Property, plant and equipment      
Property, Plant and Equipment [Line Items]      
Depreciation $ 1,396 $ 1,488 $ 1,533
v3.22.4
Investments - Schedule of Investments (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Investments [Abstract]        
Equity method investments   $ 948 $ 930  
Time deposits   2,093 7,676  
Available for sale debt instruments   479 464  
Equity and other investments   36 45  
Restricted cash and cash equivalents   33 52 $ 83
Total   3,589 9,167  
Equity Method Investments and Joint Ventures [Abstract]        
Dividends received from equity method investments   111 $ 77  
Undistributed earnings from equity method investments   $ 141    
Deconsolidation, Revaluation of Retained Investment, Gain (Loss), Amount $ 117      
v3.22.4
Investments - Schedule of Equity Method Investments (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]    
Equity method investments $ 948 $ 930
Defense, Space & Security | United Launch Alliance    
Schedule of Equity Method Investments [Line Items]    
Equity method investment, ownership percentage 50.00% 50.00%
Equity method investments $ 587 $ 617
BCA, BDS, BGS and Other    
Schedule of Equity Method Investments [Line Items]    
Equity method investments $ 361 $ 313
v3.22.4
Leases - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Lessee, Lease, Description [Line Items]    
Operating lease, cost $ 421 $ 380
Variable lease, cost 75 73
Operating lease, payments 294 301
Right-of-use asset obtained in exchange for operating lease liability 245 $ 443
Lessee, operating lease, lease not yet commenced, value $ 420  
Minimum    
Lessee, Lease, Description [Line Items]    
Lessee, operating lease, lease not yet commenced, term of contract 3 years  
Maximum    
Lessee, Lease, Description [Line Items]    
Lessee, operating lease, lease not yet commenced, term of contract 25 years  
v3.22.4
Leases - Schedule of Supplemental Balance Sheet Information Related to Operating Leases (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Leases [Abstract]    
Operating lease right-of-use assets $ 1,451 $ 1,437
Current portion of lease liabilities Liabilities, Current Liabilities, Current
Current portion of lease liabilities $ 276 $ 268
Non-current portion of lease liabilities Other long-term liabilities Other long-term liabilities
Non-current portion of lease liabilities $ 1,305 $ 1,271
Total operating lease liabilities $ 1,581 $ 1,539
Weighted average remaining lease term (years) 12 years 13 years
Weighted average discount rate 4.13% 3.82%
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Long-term debt Long-term debt
v3.22.4
Leases - Schedule of Maturities of Operating Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Leases [Abstract]    
2023 $ 316  
2024 259  
2025 224  
2026 191  
2027 151  
Thereafter 1,039  
Total lease payments 2,180  
Less imputed interest (599)  
Total operating lease liabilities $ 1,581 $ 1,539
v3.22.4
Liabilities, Commitments and Contingencies - Schedule of Accrued Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]      
Accrued compensation and employee benefit costs $ 6,351 $ 6,037  
737 MAX grounding customer concessions and other considerations 1,864 2,940  
Other customer concessions and considerations 1,102 240  
Environmental 752 605 $ 565
Product warranties 2,275 1,900 $ 1,527
Forward loss recognition 4,060 2,014  
Accrued interest payable 599 641  
Current portion of lease liabilities 276 268  
Current portion of retiree healthcare and pension liabilities 494 536  
Other 3,808 3,274  
Accrued liabilities $ 21,581 $ 18,455  
v3.22.4
Liabilities, Commitments and Contingencies - Narrative (Details)
$ in Millions
 3 Months Ended 12 Months Ended 84 Months Ended
Sep. 30, 2018
USD ($)
Dec. 31, 2022
USD ($)
mission
aircraft
Dec. 31, 2018
USD ($)
lot
simulator
aircraft
Dec. 31, 2016
USD ($)
lot
aircraft
Dec. 31, 2021
USD ($)
Dec. 31, 2011
tanker
lot
aircraft
Loss Contingencies [Line Items]            
737 MAX grounding customer concessions and other considerations   $ 1,864     $ 2,940  
Amount by which estimated range of reasonably possible remediation costs exceeded recorded liabilities   1,058     1,094  
Contingent liabilities on outstanding letters of credit agreements and surety bonds   5,070     3,634  
Cash surrender value of life insurance policies   376     374  
Total value of loans against underlying life insurance policies   346     360  
Offsetting capital lease obligation and IRB asset   $ 271        
Number of commercial aircraft | aircraft   2        
SOUTH CAROLINA            
Loss Contingencies [Line Items]            
Cash grants, amount       $ 346    
Inventory, amortization   $ 11        
SOUTH CAROLINA | Accrued Liabilities            
Loss Contingencies [Line Items]            
Income tax (expense) benefit, continuing operations, government grants   106        
SOUTH CAROLINA | Inventories            
Loss Contingencies [Line Items]            
Income tax (expense) benefit, continuing operations, government grants   64        
SOUTH CAROLINA | Cost of Sales            
Loss Contingencies [Line Items]            
Income tax (expense) benefit, continuing operations, government grants   5        
State of Missouri And City Of Irving, Texas            
Loss Contingencies [Line Items]            
Cash grants, amount   30        
Proceeds from income tax refunds   56        
Other receivables, net, current   20        
State of Missouri And City Of Irving, Texas | Cost of Sales            
Loss Contingencies [Line Items]            
Income tax (expense) benefit, continuing operations, government grants   21        
Queensland, Australia            
Loss Contingencies [Line Items]            
Maximum eligible cash grants, amount   62        
Tax refunds, clawback amount   4        
Queensland, Australia | Cost of Sales            
Loss Contingencies [Line Items]            
Cash grants, amount   7        
VC-25B            
Loss Contingencies [Line Items]            
Contract value   4,300        
Increase (decrease) in earnings from operations due to change in accounting estimate.   1,452        
KC-46A Tanker            
Loss Contingencies [Line Items]            
Contract value   21,000        
Number of generation aerial refueling tanker | tanker           4
Number of annual production lot | lot           13
Number of aircraft | aircraft       109   179
Number of low rate initial production lot | lot       8    
Increase (decrease) in earnings from operations due to change in accounting estimate.   1,374        
KC-46A Tanker | Capitalized Precontract Costs            
Loss Contingencies [Line Items]            
Capitalized precontract costs   209        
KC-46A Tanker | Potential Termination Liabilities            
Loss Contingencies [Line Items]            
Capitalized precontract costs   292        
MQ-25            
Loss Contingencies [Line Items]            
Contract value $ 890          
Number of aircraft | aircraft     7      
Increase (decrease) in earnings from operations due to change in accounting estimate. $ 291 579        
T-7A EMD            
Loss Contingencies [Line Items]            
Contract value     $ 860      
Number of aircraft | aircraft     5      
Increase (decrease) in earnings from operations due to change in accounting estimate.   203        
Number of simulator | simulator     7      
T-7A Production            
Loss Contingencies [Line Items]            
Number of annual production lot | lot     11      
Increase (decrease) in earnings from operations due to change in accounting estimate.   552 $ 400      
T-7A Production | Capitalized Precontract Costs            
Loss Contingencies [Line Items]            
Capitalized precontract costs   56        
T-7A Production | Potential Termination Liabilities            
Loss Contingencies [Line Items]            
Capitalized precontract costs   283        
Commercial Crew            
Loss Contingencies [Line Items]            
Increase (decrease) in earnings from operations due to change in accounting estimate.   $ 288        
Number of post certification mission | mission   3        
Number of future post certification mission | mission   3        
Commercial Crew | Capitalized Precontract Costs            
Loss Contingencies [Line Items]            
Capitalized precontract costs   $ 180        
Commercial Crew | Potential Termination Liabilities            
Loss Contingencies [Line Items]            
Capitalized precontract costs   159        
Financing Commitment            
Loss Contingencies [Line Items]            
Other commitment   16,105     12,905  
Joint Venture            
Loss Contingencies [Line Items]            
Other commitment   $ 270        
Other commitment, period   5 years        
Total Contractual Trade in Value Maximum | Commercial Aircraft Commitments            
Loss Contingencies [Line Items]            
Other commitment   $ 1,117     612  
Net Amounts Payable to Customers Related to Probable Contractual Trade-in Commitments | Commercial Aircraft Commitments            
Loss Contingencies [Line Items]            
Other commitment   286     283  
Probable Contractual Trade in Value | Commercial Aircraft Commitments            
Loss Contingencies [Line Items]            
Other commitment   286     $ 283  
Within Next Fiscal Year            
Loss Contingencies [Line Items]            
Changes in estimates   100        
Future Years            
Loss Contingencies [Line Items]            
Changes in estimates   600        
Contracted Customer Concessions and Other Liabilities            
Loss Contingencies [Line Items]            
737 MAX grounding customer concessions and other considerations   1,600        
Contingent on Customer Negotiations            
Loss Contingencies [Line Items]            
737 MAX grounding customer concessions and other considerations   300        
Lower Customer Delivery Payments            
Loss Contingencies [Line Items]            
737 MAX grounding customer concessions and other considerations   800        
Cash Payments to Customers            
Loss Contingencies [Line Items]            
737 MAX grounding customer concessions and other considerations   700        
Customer Concessions            
Loss Contingencies [Line Items]            
737 MAX grounding customer concessions and other considerations   $ 100        
v3.22.4
Liabilities, Commitments, and Contingencies - Schedule of 737 Max Customer Concessions and Other Considerations Liability (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Customer Concession And Other Consideration Liability [Roll Forward]    
Beginning balance – January 1 $ 2,940  
Ending balance – December 31 1,864 $ 2,940
Within Next Fiscal Year    
Customer Concession And Other Consideration Liability [Roll Forward]    
Changes in estimates 100  
Future Years    
Customer Concession And Other Consideration Liability [Roll Forward]    
Changes in estimates 600  
B-737 Aircraft    
Customer Concession And Other Consideration Liability [Roll Forward]    
Beginning balance – January 1 2,940 5,537
Reductions for payments made (1,031) (2,535)
Reductions for concessions and other in-kind considerations (29) (48)
Changes in estimates $ (16) (14)
Ending balance – December 31   $ 2,940
v3.22.4
Liabilities, Commitments and Contingencies - Schedule of Environmental Remediation Activity (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Accrual for Environmental Loss Contingencies [Roll Forward]    
Beginning balance – January 1 $ 605 $ 565
Reductions for payments made, net of recoveries (43) (59)
Changes in estimates 190 99
Ending balance – December 31 $ 752 $ 605
v3.22.4
Liabilities, Commitments and Contingencies - Schedule of Product Warranty Activity (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Movement in Standard Product Warranty Accrual [Roll Forward]    
Beginning balance – January 1 $ 1,900 $ 1,527
Additions for current year deliveries 202 116
Reductions for payments made (403) (241)
Changes in estimates 576 498
Ending balance – December 31 $ 2,275 $ 1,900
v3.22.4
Liabilities, Commitments and Contingencies - Schedule of Contractual Obligation, Fiscal Year Maturity (Details) - Financing Commitment - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Other Commitments, Fiscal Year Maturity [Line Items]    
2023 $ 3,084  
2024 2,608  
2025 3,381  
2026 2,555  
2027 1,520  
Thereafter 2,957  
Total $ 16,105 $ 12,905
v3.22.4
Arrangements with Off-Balance Sheet Risk - Schedule of Guarantor Obligations (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Contingent repurchase commitments    
Guarantor Obligations [Line Items]    
Maximum Potential Payments $ 514 $ 548
Estimated Proceeds from Collateral/ Recourse 514 548
Carrying Amount of Liabilities
Credit guarantees    
Guarantor Obligations [Line Items]    
Maximum Potential Payments 45 90
Estimated Proceeds from Collateral/ Recourse 28
Carrying Amount of Liabilities $ 27 $ 24
v3.22.4
Debt - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Sep. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Debt Instrument [Line Items]        
Line of credit facility, expiration period   5 years    
Interest costs incurred   $ 2,650 $ 2,790 $ 2,280
Interest paid, including capitalized interest, operating and investing activities   2,572 $ 2,583 $ 1,925
364-day Revolving Credit Facility        
Debt Instrument [Line Items]        
Line of credit facility, maximum borrowing capacity $ 5,800      
Line of credit facility, expiration period 364 days      
Line of credit facility, term out period 1 year      
Line of credit facility, extension period 1 year      
Three Year Credit Facility        
Debt Instrument [Line Items]        
Line of credit facility, maximum borrowing capacity $ 3,000      
Line of credit facility, expiration period 3 years      
Five Year Credit Facility        
Debt Instrument [Line Items]        
Line of credit facility, maximum borrowing capacity $ 3,200      
Line of credit facility, expiration period 5 years      
Revolving Credit Facility        
Debt Instrument [Line Items]        
Line of credit facility, maximum borrowing capacity   $ 12,000    
v3.22.4
Debt - Schedule of Short-Term Debt and Current Portion of Long-Term Debt (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Debt Disclosure [Abstract]    
Unsecured debt $ 5,103 $ 1,155
Finance lease obligations 65 61
Other notes 22 80
Short-term debt and current portion of long-term debt $ 5,190 $ 1,296
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] Short-term debt and current portion of long-term debt Short-term debt and current portion of long-term debt
v3.22.4
Debt - Schedule of Debt (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Debt Instrument [Line Items]    
Other notes $ 61 $ 93
Total debt 57,001 58,102
1.17% - 2.50% due through 2026    
Debt Instrument [Line Items]    
Unsecured debt securities 11,846 12,404
2.60% - 3.20% due through 2030    
Debt Instrument [Line Items]    
Unsecured debt securities 6,412 7,001
3.25% - 3.90% due through 2059    
Debt Instrument [Line Items]    
Unsecured debt securities 9,576 9,570
3.95% - 5.15% due through 2059    
Debt Instrument [Line Items]    
Unsecured debt securities 14,035 13,993
5.71% - 6.63% due through 2060    
Debt Instrument [Line Items]    
Unsecured debt securities 13,011 13,008
6.88% - 8.75% due through 2043    
Debt Instrument [Line Items]    
Unsecured debt securities 1,854 1,853
Finance lease obligations due through 2044    
Debt Instrument [Line Items]    
Finance lease obligations due through 2044 $ 206 $ 180
Minimum | 1.17% - 2.50% due through 2026    
Debt Instrument [Line Items]    
Debt instrument, interest rate, stated percentage 1.17%  
Minimum | 2.60% - 3.20% due through 2030    
Debt Instrument [Line Items]    
Debt instrument, interest rate, stated percentage 2.60%  
Minimum | 3.25% - 3.90% due through 2059    
Debt Instrument [Line Items]    
Debt instrument, interest rate, stated percentage 3.25%  
Minimum | 3.95% - 5.15% due through 2059    
Debt Instrument [Line Items]    
Debt instrument, interest rate, stated percentage 3.95%  
Minimum | 5.71% - 6.63% due through 2060    
Debt Instrument [Line Items]    
Debt instrument, interest rate, stated percentage 5.71%  
Minimum | 6.88% - 8.75% due through 2043    
Debt Instrument [Line Items]    
Debt instrument, interest rate, stated percentage 6.88%  
Maximum | 1.17% - 2.50% due through 2026    
Debt Instrument [Line Items]    
Debt instrument, interest rate, stated percentage 2.50%  
Maximum | 2.60% - 3.20% due through 2030    
Debt Instrument [Line Items]    
Debt instrument, interest rate, stated percentage 3.20%  
Maximum | 3.25% - 3.90% due through 2059    
Debt Instrument [Line Items]    
Debt instrument, interest rate, stated percentage 3.90%  
Maximum | 3.95% - 5.15% due through 2059    
Debt Instrument [Line Items]    
Debt instrument, interest rate, stated percentage 5.15%  
Maximum | 5.71% - 6.63% due through 2060    
Debt Instrument [Line Items]    
Debt instrument, interest rate, stated percentage 6.63%  
Maximum | 6.88% - 8.75% due through 2043    
Debt Instrument [Line Items]    
Debt instrument, interest rate, stated percentage 8.75%  
v3.22.4
Debt - Scheduled Principal Payments for Debt and Capital Lease Obligations (Details)
$ in Millions
Dec. 31, 2022
USD ($)
Debt  
2023 $ 5,128
2024 5,081
2025 4,306
2026 7,966
2027 3,300
Minimum finance lease obligations  
2023 69
2024 52
2025 41
2026 22
2027 $ 5
v3.22.4
Postretirement Plans - Components of Net Periodic Benefit Cost (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pension      
Defined Benefit Plan Disclosure [Line Items]      
Service cost $ 3 $ 3 $ 3
Interest cost 2,080 1,988 2,455
Expected return on plan assets (3,789) (3,848) (3,756)
Amortization of prior service credits (81) (80) (80)
Recognized net actuarial loss/(gain) 913 1,219 1,032
Settlement/curtailment (gain)/loss (4) 193 9
Net periodic benefit (income)/cost (878) (525) (337)
Other Postretirement Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Service cost 72 87 89
Interest cost 98 97 130
Expected return on plan assets (10) (7) (9)
Amortization of prior service credits (35) (35) (38)
Recognized net actuarial loss/(gain) (111) (56) (63)
Settlement/curtailment (gain)/loss (4)
Net periodic benefit (income)/cost 14 86 105
Operating Income (Loss) | Pension      
Defined Benefit Plan Disclosure [Line Items]      
Net periodic benefit (income)/cost included in (loss)/earning from operations, other income, and loss before income taxes 3 3 3
Operating Income (Loss) | Other Postretirement Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Net periodic benefit (income)/cost included in (loss)/earning from operations, other income, and loss before income taxes 79 90 91
Other Income | Pension      
Defined Benefit Plan Disclosure [Line Items]      
Net periodic benefit (income)/cost included in (loss)/earning from operations, other income, and loss before income taxes (881) (528) (340)
Other Income | Other Postretirement Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Net periodic benefit (income)/cost included in (loss)/earning from operations, other income, and loss before income taxes (58) (1) 16
Operating Income (Loss) Before Taxes | Pension      
Defined Benefit Plan Disclosure [Line Items]      
Net periodic benefit (income)/cost included in (loss)/earning from operations, other income, and loss before income taxes (878) (525) (337)
Operating Income (Loss) Before Taxes | Other Postretirement Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Net periodic benefit (income)/cost included in (loss)/earning from operations, other income, and loss before income taxes $ 21 $ 89 $ 107
v3.22.4
Postretirement Plans - Schedule of Changes in the Benefit Obligation, Plan Assets and Funded Status of Pensions and OPB (Details) - USD ($)
$ in Millions
 1 Months Ended 3 Months Ended 12 Months Ended
Nov. 30, 2020
Dec. 31, 2020
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]          
Company contribution $ 3,000 $ 3,000      
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position [Abstract]          
Accrued pension plan liability, net     $ (6,141) $ (9,104)  
Pension          
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]          
Beginning balance     75,635 82,415  
Service cost     3 3 $ 3
Interest cost     2,080 1,988 2,455
Amendments     1    
Actuarial (gain)/loss     (17,605) (3,249)  
Settlement/other       (870)  
Gross benefits paid     (4,971) (4,653)  
Exchange rate adjustment     (26) 1  
Ending balance   82,415 55,117 75,635 82,415
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]          
Beginning balance at fair value     67,813 68,696  
Actual return on plan assets     (13,141) 4,477  
Company contribution     2 11  
Settlement payments       (870)  
Benefits paid     (4,824) (4,502)  
Exchange rate adjustment     (25) 1  
Ending balance at fair value   68,696 49,825 67,813 68,696
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position [Abstract]          
Other assets     987 1,426  
Accrued liabilities     (138) (144)  
Accrued pension plan liability, net     (6,141) (9,104)  
Net amount recognized     (5,292) (7,822)  
Other Postretirement Benefits          
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]          
Beginning balance     4,092 4,693  
Service cost     72 87 89
Interest cost     98 97 130
Actuarial (gain)/loss     (914) (401)  
Gross benefits paid     (406) (411)  
Subsidies     39 26  
Exchange rate adjustment     (3) 1  
Ending balance   4,693 2,978 4,092 4,693
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]          
Beginning balance at fair value     172 160  
Actual return on plan assets     (27) 21  
Plan participants' contributions     6 6  
Benefits paid     (11) (15)  
Ending balance at fair value   $ 160 140 172 $ 160
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position [Abstract]          
Other assets     21    
Accrued liabilities     (356) (392)  
Accrued retiree health care     (2,503) (3,528)  
Net amount recognized     $ (2,838) $ (3,920)  
v3.22.4
Postretirement Plans - Schedule of Amounts Recognized in Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Pension    
Defined Benefit Plan Disclosure [Line Items]    
Net actuarial loss/(gain) $ 17,448 $ 19,031
Prior service credits (1,224) (1,306)
Total recognized in Accumulated other comprehensive loss 16,224 17,725
Other Postretirement Benefits    
Defined Benefit Plan Disclosure [Line Items]    
Net actuarial loss/(gain) (1,862) (1,092)
Prior service credits (41) (76)
Total recognized in Accumulated other comprehensive loss $ (1,903) $ (1,168)
v3.22.4
Postretirement Plans - Narrative (Details) - USD ($)
$ in Millions
 1 Months Ended 3 Months Ended 12 Months Ended
Nov. 30, 2020
Dec. 31, 2020
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]          
Amount by which fair value of plan assets exceeds market-related value of plan assets (MRVA)     $ (10,131)    
Derivative net notional amount for fixed income as percentage of total plan assets     37.10% 33.40%  
Derivative net notional amount for global equity, currency overlay and commodities as a percentage of total plan assets     (5.60%) (5.40%)  
Company contribution $ 3,000 $ 3,000      
Defined contribution plan, cost     $ 1,260 $ 1,268 $ 1,351
Pension          
Defined Benefit Plan Disclosure [Line Items]          
Accumulated benefit obligation (ABO) for all pension plans     54,481 74,199  
Company contribution     2 11  
Defined benefit plan, plan assets, amount   68,696 $ 49,825 $ 67,813 68,696
Defined benefit plan, actual plan asset allocations     100.00% 100.00%  
Pension | Fixed income          
Defined Benefit Plan Disclosure [Line Items]          
Defined benefit plan, actual plan asset allocations     63.00% 61.00%  
Pension | Equity securities:          
Defined Benefit Plan Disclosure [Line Items]          
Defined benefit plan, actual plan asset allocations     14.00% 16.00%  
Pension | Level 1          
Defined Benefit Plan Disclosure [Line Items]          
Defined benefit plan, plan assets, amount     $ 7,054 $ 10,851  
Pension | Level 3          
Defined Benefit Plan Disclosure [Line Items]          
Defined benefit plan, plan assets, amount   240 268 198 240
Pension | Boeing company stock | Equity securities:          
Defined Benefit Plan Disclosure [Line Items]          
Defined benefit plan, plan assets, amount     1,782 1,883  
Pension | Boeing company stock | Equity securities: | Level 1          
Defined Benefit Plan Disclosure [Line Items]          
Defined benefit plan, plan assets, amount     1,782 1,883  
Pension | Corporate | Level 3 | Fixed income          
Defined Benefit Plan Disclosure [Line Items]          
Defined benefit plan, plan assets Level 3 reconciliation, increase (decrease) for actual return (loss) on plan assets still held     (16)    
Pension | Mortgage backed and asset backed | Level 3 | Fixed income          
Defined Benefit Plan Disclosure [Line Items]          
Defined benefit plan, plan assets Level 3 reconciliation, increase (decrease) for actual return (loss) on plan assets still held     (11) (1)  
Pension | Municipal | Level 3 | Fixed income          
Defined Benefit Plan Disclosure [Line Items]          
Defined benefit plan, plan assets Level 3 reconciliation, increase (decrease) for actual return (loss) on plan assets still held     (14)    
Pension | Real estate and real assets | Level 3 | Fixed income          
Defined Benefit Plan Disclosure [Line Items]          
Defined benefit plan, plan assets Level 3 reconciliation, increase (decrease) for actual return (loss) on plan assets still held     (1)    
Pension | Sovereign | Level 3 | Fixed income          
Defined Benefit Plan Disclosure [Line Items]          
Defined benefit plan, plan assets Level 3 reconciliation, increase (decrease) for actual return (loss) on plan assets still held       (8)  
Other Postretirement Benefits          
Defined Benefit Plan Disclosure [Line Items]          
Defined benefit plan, plan assets, amount   $ 160 $ 140 $ 172 $ 160
Other Postretirement Benefits | Fixed income          
Defined Benefit Plan Disclosure [Line Items]          
Defined benefit plan, actual plan asset allocations     40.00%    
Other Postretirement Benefits | Equity securities:          
Defined Benefit Plan Disclosure [Line Items]          
Defined benefit plan, actual plan asset allocations     60.00%    
v3.22.4
Postretirement Plans - Schedule of Key Information for All Plans with ABO in Excess of Plan Assets (Details) - Pension - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]    
Accumulated benefit obligation $ 48,134 $ 66,406
Fair value of plan assets 42,491 58,593
Projected benefit obligation $ 48,770 $ 67,841
v3.22.4
Postretirement Plans - Schedule of Assumptions Used to Calculate the Benefit Obligation and Net Periodic Benefit Costs (Details)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]      
Expected return on plan assets 6.00% 6.30% 6.50%
Rate of compensation increase 4.30% 4.30% 4.30%
Interest crediting rates for cash balance plans 5.00% 5.00% 5.00%
Pension      
Defined Benefit Plan Disclosure [Line Items]      
Discount rate 5.40% 2.80% 2.50%
Other Postretirement Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Discount rate 5.30% 2.50% 2.00%
v3.22.4
Postretirement Plans - Schedule of Assumed Health Care Cost Trend Rates (Details)
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Retirement Benefits, Description [Abstract]      
Health care cost trend rate assumed next year 5.50% 4.50% 4.50%
Ultimate trend rate 4.50% 4.50% 4.50%
v3.22.4
Postretirement Plans - Schedule of Actual Allocations for Pension Assets and Target Allocations by Asset Class (Details) - Pension
Dec. 31, 2022
Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]    
Defined benefit plan, actual plan asset allocations 100.00% 100.00%
Defined benefit plan, target plan asset allocations 100.00% 100.00%
Fixed income    
Defined Benefit Plan Disclosure [Line Items]    
Defined benefit plan, actual plan asset allocations 63.00% 61.00%
Defined benefit plan, target plan asset allocations 63.00% 63.00%
Global equity    
Defined Benefit Plan Disclosure [Line Items]    
Defined benefit plan, actual plan asset allocations 14.00% 16.00%
Defined benefit plan, target plan asset allocations 20.00% 20.00%
Private equity    
Defined Benefit Plan Disclosure [Line Items]    
Defined benefit plan, actual plan asset allocations 8.00% 8.00%
Defined benefit plan, target plan asset allocations 4.00% 4.00%
Real estate and real assets    
Defined Benefit Plan Disclosure [Line Items]    
Defined benefit plan, actual plan asset allocations 8.00% 8.00%
Defined benefit plan, target plan asset allocations 7.00% 7.00%
Hedge funds    
Defined Benefit Plan Disclosure [Line Items]    
Defined benefit plan, actual plan asset allocations 7.00% 7.00%
Defined benefit plan, target plan asset allocations 6.00% 6.00%
v3.22.4
Postretirement Plans - Schedule of Allocation of Plan Assets (Details) - Pension - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Estimate of Fair Value Measurement      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount $ 32,753 $ 46,193  
Defined benefit plan, plan assets, amount 49,825 67,813 $ 68,696
Defined benefit plan, plan assets measured at net asset value 16,255 20,789  
Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 7,054 10,851  
Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 25,431 35,144  
Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 268 198 240
Cash equivalents and other short-term investments      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 571 448  
Cash equivalents and other short-term investments | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 571 448  
Real estate and real assets      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets measured at net asset value 3,525 3,952  
Private equity      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets measured at net asset value 4,239 5,100  
Hedge funds      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets measured at net asset value 3,391 4,717  
Cash      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 409 520  
Receivables      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 541 454  
Payables      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount (133) (143)  
Corporate | Fixed income      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 15,095 20,573  
Corporate | Fixed income | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 15,025 20,520  
Corporate | Fixed income | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 70 53 40
U.S. government and agencies | Fixed income      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 7,827 11,285  
U.S. government and agencies | Fixed income | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 7,827 11,285  
U.S. government and agencies | Fixed income | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 2
Mortgage backed and asset backed | Fixed income      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 664 777  
Mortgage backed and asset backed | Fixed income | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 502 675  
Mortgage backed and asset backed | Fixed income | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 162 102 120
Municipal | Fixed income      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 843 1,064  
Municipal | Fixed income | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 811 1,035  
Municipal | Fixed income | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 32 29 72
Sovereign | Fixed income      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 706 1,135  
Sovereign | Fixed income | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 706 1,126  
Sovereign | Fixed income | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 9 2
Other | Fixed income      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 8 3  
Defined benefit plan, plan assets measured at net asset value 832 747  
Other | Fixed income | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 8 3  
Other | Fixed income | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount  
Assets | Fixed income      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 36 62  
Assets | Fixed income | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 36 62  
Assets | Equity securities:      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 1  
Assets | Equity securities: | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 1  
Assets | Real estate and real assets      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 1 8  
Assets | Real estate and real assets | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount    
Assets | Real estate and real assets | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 1 8  
Liabilities | Fixed income      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount (87) (48)  
Liabilities | Fixed income | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount (87) (48)  
Liabilities | Equity securities:      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount (1) (1)  
Liabilities | Equity securities: | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount (1) (1)  
Liabilities | Real estate and real assets      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount (8) (2)  
Liabilities | Real estate and real assets | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount (7) (2)  
Liabilities | Real estate and real assets | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount (1)    
U.S. common and preferred stock | Equity securities:      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 2,931 4,463  
U.S. common and preferred stock | Equity securities: | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 2,931 4,463  
Non-U.S. common and preferred stock | Equity securities:      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 2,023 3,345  
Non-U.S. common and preferred stock | Equity securities: | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 2,023 3,340  
Non-U.S. common and preferred stock | Equity securities: | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 5 2
Boeing company stock | Equity securities:      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 1,782 1,883  
Boeing company stock | Equity securities: | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 1,782 1,883  
Real estate | Real estate and real assets      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 413  
Real estate | Real estate and real assets | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 413  
Real assets | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 5    
Real assets | Real estate and real assets      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 362 784  
Real assets | Real estate and real assets | Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 310 749  
Real assets | Real estate and real assets | Level 2      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 47 35  
Real assets | Real estate and real assets | Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets, amount 4 $ 2
Common or collective or pooled funds | Fixed income      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets measured at net asset value 1,511 1,712  
Common or collective or pooled funds | Equity securities:      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, plan assets measured at net asset value $ 2,757 $ 4,561  
v3.22.4
Postretirement Plans - Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets (Details) - Pension - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]    
Beginning balance at fair value $ 67,813 $ 68,696
Net Realized and Unrealized Gains/(Losses) (13,141) 4,477
Net Purchases, Issuances and Settlements   (870)
Ending balance at fair value 49,825 67,813
Level 3    
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]    
Beginning balance at fair value 198 240
Net Realized and Unrealized Gains/(Losses) (90) (7)
Net Purchases, Issuances and Settlements 31 5
Net Transfers Into/(Out of) Level 3 129 (40)
Ending balance at fair value 268 198
Real assets | Level 3    
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]    
Ending balance at fair value 5  
Fixed income | Corporate    
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]    
Beginning balance at fair value 20,573  
Ending balance at fair value 15,095 20,573
Fixed income | Corporate | Level 3    
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]    
Beginning balance at fair value 53 40
Net Realized and Unrealized Gains/(Losses) (19) (1)
Net Purchases, Issuances and Settlements 3 5
Net Transfers Into/(Out of) Level 3 33 9
Ending balance at fair value 70 53
Fixed income | U.S. government and agencies    
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]    
Beginning balance at fair value 11,285  
Ending balance at fair value 7,827 11,285
Fixed income | U.S. government and agencies | Level 3    
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]    
Beginning balance at fair value 2
Net Realized and Unrealized Gains/(Losses)  
Net Purchases, Issuances and Settlements   (2)
Net Transfers Into/(Out of) Level 3  
Ending balance at fair value
Fixed income | Mortgage backed and asset backed    
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]    
Beginning balance at fair value 777  
Ending balance at fair value 664 777
Fixed income | Mortgage backed and asset backed | Level 3    
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]    
Beginning balance at fair value 102 120
Net Realized and Unrealized Gains/(Losses) (11)
Net Purchases, Issuances and Settlements 16 (17)
Net Transfers Into/(Out of) Level 3 55 (1)
Ending balance at fair value 162 102
Fixed income | Municipal    
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]    
Beginning balance at fair value 1,064  
Ending balance at fair value 843 1,064
Fixed income | Municipal | Level 3    
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]    
Beginning balance at fair value 29 72
Net Realized and Unrealized Gains/(Losses) (14)
Net Purchases, Issuances and Settlements 9 7
Net Transfers Into/(Out of) Level 3 8 (50)
Ending balance at fair value 32 29
Fixed income | Sovereign    
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]    
Beginning balance at fair value 1,135  
Ending balance at fair value 706 1,135
Fixed income | Sovereign | Level 3    
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]    
Beginning balance at fair value 9 2
Net Realized and Unrealized Gains/(Losses) (8)
Net Purchases, Issuances and Settlements 15
Net Transfers Into/(Out of) Level 3 (9)
Ending balance at fair value 9
Global equity | Non-U.S. common and preferred stock    
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]    
Beginning balance at fair value 3,345  
Ending balance at fair value 2,023 3,345
Global equity | Non-U.S. common and preferred stock | Level 3    
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]    
Beginning balance at fair value 5 2
Net Realized and Unrealized Gains/(Losses) (45) 2
Net Purchases, Issuances and Settlements (2) (3)
Net Transfers Into/(Out of) Level 3 42 4
Ending balance at fair value 5
Real estate and real assets | Real assets    
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]    
Beginning balance at fair value 784  
Ending balance at fair value 362 784
Real estate and real assets | Real assets | Level 3    
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]    
Beginning balance at fair value 2
Net Realized and Unrealized Gains/(Losses) (1)
Net Purchases, Issuances and Settlements 5
Net Transfers Into/(Out of) Level 3 (2)
Ending balance at fair value $ 4
v3.22.4
Postretirement Plans - Schedule of Estimated Future Benefit Payments (Details)
$ in Millions
Dec. 31, 2022
USD ($)
Pension  
Pensions  
2023 $ 5,348
2024 4,473
2025 4,404
2026 4,325
2027 4,221
2028-2032 19,560
Other Postretirement Benefits  
Pensions  
2023 370
2024 360
2025 342
2026 322
2027 298
2028-2032 1,113
Gross benefits paid  
2023 381
2024 371
2025 353
2026 334
2027 310
2028-2032 1,176
Subsidies  
2023 (11)
2024 (11)
2025 (11)
2026 (12)
2027 (12)
2028-2032 $ (63)
v3.22.4
Share-Based Compensation and Other Compensation Arrangements - Narrative (Details) - USD ($)
 1 Months Ended 12 Months Ended
Jul. 29, 2022
Feb. 16, 2022
Feb. 17, 2021
Feb. 24, 2020
Feb. 28, 2022
Feb. 28, 2021
Dec. 31, 2020
Feb. 28, 2020
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Feb. 25, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Aggregate number of shares of stock available for issuance (in shares)                 87,000,000      
Granted (in shares)                 362,450      
Share-based compensation arrangement by share-based payment award, options, exercises in period, total intrinsic value                 $ 75,000,000 $ 84,000,000 $ 90,000,000  
Share-based payment arrangement, exercise of option, tax benefit                 $ 17,000,000 $ 19,000,000 $ 32,000,000  
Number of option, vested (in shares)                 0 0 0  
Performance award payout amount, aggregate                 $ 0      
Deferred compensation                 (117,000,000) $ 126,000,000 $ 93,000,000  
Deferred compensation liability which is being marked to market                 1,499,000,000 $ 1,703,000,000    
2022 Stock Options                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Unrecognized compensation cost                 $ 23,000,000      
Share-based payment arrangement, nonvested award, cost not yet recognized, period for recognition                 1 year 10 months 24 days      
Executive Long-Term Incentive Program                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Unrecognized compensation cost                 $ 683,000,000      
Number of units, granted (in shares)                 4,527,189      
Employee Long-Term Incentive Program                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Unrecognized compensation cost                 $ 240,000,000      
Stock options                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Performance Period                 3 years      
Share-based compensation arrangement by share-based payment award, expiration period                 10 years      
Granted date fair value (in dollars per share)                 $ 83.04 $ 74.63    
Stock options | 2022 Stock Options                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Granted (in shares)   348,769                    
Share-based compensation arrangement by share-based payment award, purchase price of common stock, percent   120.00%                    
Share-based compensation arrangement by share-based payment award, purchase price of common stock, percent (reduced)   110.00%                    
Stock options | 2021 Stock Options                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Granted (in shares)     342,986             148,322    
Share-based compensation arrangement by share-based payment award, purchase price of common stock, percent     120.00%             120.00%    
Stock options | 2021 Stock Options Premium                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Granted (in shares)                   40,322    
Stock options | 2021 Stock Options Non-Premium                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Granted (in shares)                   108,000    
Restricted stock units | Executive Long-Term Incentive Program                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Number of units, granted (in shares) 2,568,112       1,804,541 980,077   325,108        
Granted date fair value (in dollars per share) $ 157.69       $ 217.48 $ 215.70   $ 319.04        
Restricted stock units | Employee Long-Term Incentive Program                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Number of units, granted (in shares)             5,163,425          
Granted date fair value (in dollars per share)             $ 233.00          
Award requisite service period             3 years          
Performance Based Restricted Stock Units (PBRSUs)                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Performance Period       3 years         3 years      
Granted date fair value (in dollars per share)       $ 357.38                
Award requisite service period                 3 years      
Performance Based Restricted Stock Units (PBRSUs) | 2019 PBRSU                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Award payout range                 0.00%      
Performance Based Restricted Stock Units (PBRSUs) | 2019 PBRSU | Minimum                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Award payout range                       0.00%
Performance Based Restricted Stock Units (PBRSUs) | 2019 PBRSU | Maximum                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Award payout range                       200.00%
Performance Based Restricted Stock Units (PBRSUs) | 2020 PBRSU                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Performance Period               3 years        
Number of units, granted (in shares)               290,202        
Performance Based Restricted Stock Units (PBRSUs) | 2020 PBRSU | Minimum                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Award payout range       0.00%                
Performance Based Restricted Stock Units (PBRSUs) | 2020 PBRSU | Maximum                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Award payout range       200.00%                
Performance awards | 2020 Performance Awards                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Performance Period                     3 years  
Initial value of performance awards (in dollars per unit)                     $ 100  
v3.22.4
Share-Based Compensation and Other Compensation Arrangements - Schedule of Share-Based Plans Expense and Related Income Tax Benefit (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Share-Based Payment Arrangement [Abstract]      
Restricted stock units and other awards $ 726 $ 840 $ 243
Income tax benefit (before consideration of valuation allowance) $ 178 $ 148 $ 53
v3.22.4
Share-Based Compensation and Other Compensation Arrangements - Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions (Details) - Stock options - $ / shares
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Expected Life 6 years 9 months 18 days 6 years 7 months 6 days
Expected Volatility 36.60% 37.80%
Risk Free Interest Rate 2.00% 1.30%
Granted date fair value (in dollars per share) $ 83.04 $ 74.63
v3.22.4
Share-Based Compensation and Other Compensation Arrangements - Schedule of Stock Options Activity (Details)
$ / shares in Units, $ in Millions
 12 Months Ended
Dec. 31, 2022
USD ($)
$ / shares
shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]  
Outstanding at beginning of year (in shares) | shares 1,709,379
Granted (in shares) | shares 362,450
Exercised (in shares) | shares (663,348)
Expired (in shares) | shares (664)
Forfeited (in shares) | shares (17,048)
Outstanding at end of the year (in shares) | shares 1,390,769
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]  
Outstanding at beginning of year, weighted average exercised (in dollars per share) | $ / shares $ 121.83
Weighted average exercise price, granted (in dollars per share) | $ / shares 259.77
Weighted average exercise price, exercised (in dollars per share) | $ / shares 75.85
Weighted average exercise price, expired (in dollars per share) | $ / shares 130.72
Weighted average exercise price, forfeited (in dollars per share) | $ / shares 246.21
Outstanding at end of year, weighted average exercised (in dollars per share) | $ / shares $ 178.18
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]  
Outstanding at end of year, weighted average remaining contractual life (in years) 5 years
Outstanding at end of year, aggregate intrinsic value | $ $ 68
Exercisable at end of year (in shares) | shares 598,983
Exercisable at end of year, weighted average exercise price (in dollars per share) | $ / shares $ 77.22
Exercisable at end of year, weighted average remaining contractual life (in years) 2 months 12 days
Exercisable at end of year, aggregate intrinsic value | $ $ 68
v3.22.4
Share-Based Compensation and Other Compensation Arrangements - Schedule of Restricted Stock Units Award Activity (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2022
USD ($)
shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]  
Weighted average remaining amortization period (years) 5 years
Executive Long-Term Incentive Program  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]  
Number of units, outstanding at beginning of year (in shares) 2,049,695
Number of units, granted (in shares) 4,527,189
Number of units, forfeited (in shares) (282,488)
Number of units, distributed (in shares) (176,496)
Number of units, outstanding at end of year (in shares) 6,117,900
Number of units, undistributed and vested (in shares) 426,652
Unrecognized compensation cost | $ $ 683
Weighted average remaining amortization period (years) 2 years 1 month 6 days
Employee Long-Term Incentive Program  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]  
Number of units, outstanding at beginning of year (in shares) 4,780,724
Number of units, forfeited (in shares) (269,380)
Number of units, distributed (in shares) (137,537)
Number of units, outstanding at end of year (in shares) 4,373,807
Number of units, undistributed and vested (in shares) 1,454,414
Unrecognized compensation cost | $ $ 240
Weighted average remaining amortization period (years) 1 year
Other  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]  
Number of units, outstanding at beginning of year (in shares) 698,866
Number of units, granted (in shares) 595,122
Number of units, forfeited (in shares) (67,441)
Number of units, distributed (in shares) (267,853)
Number of units, outstanding at end of year (in shares) 958,694
Number of units, undistributed and vested (in shares) 18,914
Unrecognized compensation cost | $ $ 87
Weighted average remaining amortization period (years) 2 years 1 month 6 days
v3.22.4
Share-Based Compensation and Other Compensation Arrangements - Schedule of Performance Based Restricted Stock Units Award Grant Fair Values (Details) - Performance Based Restricted Stock Units (PBRSUs) - $ / shares
 12 Months Ended
Feb. 24, 2020
Dec. 31, 2022
Schedule of Performance Based Restricted Stock Units Grant Date Fair values [Line Items]    
Performance Period 3 years 3 years
Expected Volatility 27.00%  
Risk Free Interest Rate 1.20%  
Granted date fair value (in dollars per share) $ 357.38  
v3.22.4
Share-Based Compensation and Other Compensation Arrangements - Schedule of Performance Based Restricted Stock Units Award Activity (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2022
USD ($)
shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]  
Weighted average remaining amortization period (years) 5 years
Incentive Program Performance Based Restricted Stock Units  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]  
Number of units, outstanding at beginning of year (in shares) 383,401
Number of units, performance based adjustment (in shares) (162,548)
Number of units, forfeited (in shares) (10,647)
Number of units, outstanding at end of year (in shares) 210,206
Unrecognized compensation cost | $ $ 4
Weighted average remaining amortization period (years) 2 months 12 days
2019 PBRSU | Performance Based Restricted Stock Units (PBRSUs)  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]  
Award payout range 0.00%
v3.22.4
Shareholders' Equity - Narrative (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Dec. 17, 2018
Equity, Class of Treasury Stock [Line Items]      
Common stock, shares authorized (in shares) 1,200,000,000 1,200,000,000  
Preferred stock, authorized (in shares) 20,000,000 20,000,000  
Preferred stock, issued (in shares) 0 0  
2018 Program      
Equity, Class of Treasury Stock [Line Items]      
Amount approved to repurchase, shares, maximum     $ 20,000
v3.22.4
Shareholders' Equity - Schedule of Common Stock Outstanding Roll Forward (Details) - shares
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Common Stock      
Common stock, beginning balance (in shares) 1,012,261,159 1,012,261,159 1,012,261,159
Common stock, ending balance (in shares) 1,012,261,159 1,012,261,159 1,012,261,159
Treasury Stock      
Treasury stock, beginning balance (in shares) 423,343,707 429,941,021 449,352,405
Treasury stock, issued (in shares) (8,877,047) (6,904,556) (19,986,868)
Treasury stock, acquired (in shares) 204,723 307,242 575,484
Treasury stock, ending balance (in shares) 414,671,383 423,343,707 429,941,021
v3.22.4
Shareholders' Equity - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Accumulated Other Comprehensive Income [Roll Forward]      
Beginning balance $ (11,659)    
Other comprehensive income/(loss) before reclassifications 1,426 $ 4,248 $ (1,817)
Amounts reclassified from AOCI 683 1,226 837
Net current period Other comprehensive income/(loss) 2,109 5,474 (980)
Ending balance (9,550) (11,659)  
Other comprehensive income (loss), defined benefit plan, gain (loss) arising during period, after tax 1,533 4,262 (1,956)
Net actuarial gain/(loss) arising during the period, tax (22) (32) 111
Other comprehensive income (loss), defined benefit plan, gain (loss), reclassification adjustment from AOCI, after tax 791 1,155 917
Amortization of actuarial loss included in net periodic pension cost, tax (11) (8) (52)
Gain (loss) on discontinuation of cash flow hedge due to forecasted transaction probable of not occurring, net 39    
Loss on discontinuation of cash flow hedge due to forecasted transaction Probable of not occurring, tax (11)    
Currency Translation Adjustments      
Accumulated Other Comprehensive Income [Roll Forward]      
Beginning balance (105) (30) (128)
Other comprehensive income/(loss) before reclassifications (62) (75) 98
Net current period Other comprehensive income/(loss) (62) (75) 98
Ending balance (167) (105) (30)
Unrealized Gains and Losses on Certain Investments      
Accumulated Other Comprehensive Income [Roll Forward]      
Beginning balance 1 1 1
Other comprehensive income/(loss) before reclassifications (1)    
Net current period Other comprehensive income/(loss) (1)
Ending balance 1 1
Unrealized Gains and Losses on Derivative Instruments      
Accumulated Other Comprehensive Income [Roll Forward]      
Beginning balance 6 (43) (84)
Other comprehensive income/(loss) before reclassifications (40) 55 14
Amounts reclassified from AOCI 10 (6) 27
Net current period Other comprehensive income/(loss) (30) 49 41
Ending balance (24) 6 (43)
Defined Benefit Pension Plans & Other Postretirement Benefits      
Accumulated Other Comprehensive Income [Roll Forward]      
Beginning balance (11,561) (17,061) (15,942)
Other comprehensive income/(loss) before reclassifications 1,529 4,268 (1,929)
Amounts reclassified from AOCI 673 1,232 810
Net current period Other comprehensive income/(loss) 2,202 5,500 (1,119)
Ending balance (9,359) (11,561) (17,061)
Accumulated Other Comprehensive Loss      
Accumulated Other Comprehensive Income [Roll Forward]      
Beginning balance (11,659) (17,133) (16,153)
Ending balance $ (9,550) $ (11,659) $ (17,133)
v3.22.4
Derivative Financial Instruments - Schedule of Derivative Instruments in Statement of Financial Position, Fair Value (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Derivative [Line Items]    
Derivative, notional amount $ 4,291 $ 4,251
Other assets 145 128
Accrued liabilities (174) (80)
Netting arrangement, other assets (33) (30)
Netting arrangement, accrued liabilities 33 30
Net recorded balance, other assets 112 98
Net recorded balance, accrued liabilities $ (141) $ (50)
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other current assets, net Other current assets, net
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Accrued liabilities Accrued liabilities
Foreign exchange contracts | Derivatives designated as hedging instruments:    
Derivative [Line Items]    
Derivative, notional amount $ 2,815 $ 2,630
Other assets 23 30
Accrued liabilities (122) (52)
Foreign exchange contracts | Derivatives not receiving hedge accounting treatment:    
Derivative [Line Items]    
Derivative, notional amount 462 361
Other assets 5 2
Accrued liabilities (42) (3)
Commodity contracts | Derivatives designated as hedging instruments:    
Derivative [Line Items]    
Derivative, notional amount 602 500
Other assets 115 88
Accrued liabilities (9) (18)
Commodity contracts | Derivatives not receiving hedge accounting treatment:    
Derivative [Line Items]    
Derivative, notional amount 412 760
Other assets 2 8
Accrued liabilities $ (1) $ (7)
v3.22.4
Derivative Financial Instruments - Schedule of Derivative Instruments, Gains/(Losses) in Statement of Financial Performance (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Foreign exchange contracts    
Derivative [Line Items]    
Recognized in Other comprehensive income, net of taxes: $ (118) $ (47)
Commodity contracts    
Derivative [Line Items]    
Recognized in Other comprehensive income, net of taxes: $ 78 $ 102
v3.22.4
Derivative Financial Instruments - Reclassification Out of Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Costs and expenses    
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]    
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax $ 31 $ (18)
General and administrative expense    
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]    
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax 10 5
Revenues    
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]    
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax 1
Costs and expenses    
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]    
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax 7 13
General and administrative expense    
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]    
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax $ (12) $ 8
v3.22.4
Derivative Financial Instruments - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Summary of Derivative Instruments [Abstract]    
Loss on discontinuation of cash flow hedge due to forecasted transaction probable of not occurring $ 50 $ 0
Cash flow hedge gain to be reclassified within 12 Months $ 14  
Line of credit facility, expiration period 5 years  
Derivative, maturity 5 years  
Derivative, net liability position, aggregate fair value $ 33  
v3.22.4
Fair Value Measurements - Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivatives $ 112 $ 98
Derivatives (141) (50)
Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Money market funds 1,797 1,370
Commercial paper 256 225
Corporate notes 195 262
U.S. government agencies 47 1
Other equity investments 10 20
Derivatives 112 98
Total assets 2,417 1,976
Derivatives (141) (50)
Total liabilities (141) (50)
Fair Value, Recurring | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Money market funds 1,797 1,370
Other equity investments 10 20
Total assets 1,807 1,390
Fair Value, Recurring | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Commercial paper 256 225
Corporate notes 195 262
U.S. government agencies 47 1
Derivatives 112 98
Total assets 610 586
Derivatives (141) (50)
Total liabilities $ (141) $ (50)
v3.22.4
Fair Value Measurements - Fair Value, Assets Measured on Nonrecurring Basis Using Unobservable Inputs (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]      
Nonrecurring fair value losses $ (112) $ (98) $ (410)
Fair Value Measurements Nonrecurring      
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]      
Fair Value 62 120  
Nonrecurring fair value losses (112) (98)  
Fair Value Measurements Nonrecurring | Level 3      
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]      
Fair Value 62 120  
Investments | Fair Value Measurements Nonrecurring      
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]      
Nonrecurring fair value losses (31) (8)  
Customer financing assets | Fair Value Measurements Nonrecurring      
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]      
Nonrecurring fair value losses (7) (31)  
Customer financing assets | Fair Value Measurements Nonrecurring | Valuation, Market Approach      
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]      
Fair Value 47 110  
Customer financing assets | Fair Value Measurements Nonrecurring | Valuation, Market Approach | Level 3      
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]      
Fair Value 47 110  
Property, plant and equipment | Fair Value Measurements Nonrecurring      
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]      
Nonrecurring fair value losses (19) (50)  
Property, plant and equipment | Fair Value Measurements Nonrecurring | Valuation, Market Approach      
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]      
Fair Value 9  
Property, plant and equipment | Fair Value Measurements Nonrecurring | Valuation, Income Approach | Level 3      
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]      
Fair Value 9  
Other Assets and Acquired intangible assets | Fair Value Measurements Nonrecurring      
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]      
Nonrecurring fair value losses (55) (9)  
Other Assets and Acquired intangible assets | Fair Value Measurements Nonrecurring | Valuation, Market Approach      
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]      
Fair Value 15 1  
Other Assets and Acquired intangible assets | Fair Value Measurements Nonrecurring | Valuation, Income Approach | Level 3      
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]      
Fair Value $ 15 $ 1  
v3.22.4
Fair Value Measurements - Fair Value, Assets Measured on Nonrecurring Basis, Valuation Techniques (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Aircraft value publications    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]    
Range Median or Average $ 46  
Aircraft value publications | Minimum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]    
Range Median or Average 40  
Aircraft value publications | Maximum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]    
Range Median or Average 51  
Aircraft condition adjustments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]    
Range Median or Average 1  
Aircraft condition adjustments | Minimum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]    
Range Median or Average (4)  
Aircraft condition adjustments | Maximum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]    
Range Median or Average 5  
Fair Value Measurements Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]    
Fair Value 62 $ 120
Level 3 | Fair Value Measurements Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]    
Fair Value 62 120
Customer financing assets | Fair Value Measurements Nonrecurring | Valuation, Market Approach    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]    
Fair Value 47 110
Customer financing assets | Level 3 | Fair Value Measurements Nonrecurring | Valuation, Market Approach    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]    
Fair Value $ 47 $ 110
v3.22.4
Fair Value Measurements - Fair Values and Related Carrying Values of Financial Instruments (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Notes receivable, net, carrying amount $ 385 $ 412
Notes receivable, net, fair value 403 485
Debt, excluding capital lease obligations, carrying amount (56,794) (57,921)
Debt, excluding capital lease obligations, fair value (52,856) (65,724)
Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Notes receivable, net, fair value 403 485
Debt, excluding capital lease obligations, fair value $ (52,856) $ (65,724)
v3.22.4
Legal Proceedings - Narrative (Details) - USD ($)
$ in Millions
 1 Months Ended 3 Months Ended 12 Months Ended
Sep. 30, 2022
Jun. 30, 2022
Dec. 31, 2019
Loss Contingency, Information about Litigation Matters [Abstract]      
Proceeds from legal settlements   $ 219  
Payments for legal settlements $ 200    
Controlling interest ownership percentage after acquisition     80.00%
Payments to acquire interest in joint venture     $ 4,200
v3.22.4
Segment and Revenue Information - Narrative (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2022
USD ($)
segment
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Segment Reporting Information [Line Items]      
Number of reportable segments | segment 4    
Percentage of operating assets located outside united states 4.00% 4.00%  
Income (loss) from equity method investments $ 56 $ 40 $ 86
Revenue, remaining performance obligation, amount $ 404,381    
Within Next Fiscal Year      
Segment Reporting Information [Line Items]      
Revenue, remaining performance obligation, percent recognized 17.00%    
Within Next 4 Fiscal Years      
Segment Reporting Information [Line Items]      
Revenue, remaining performance obligation, percent recognized 71.00%    
U.S. government contracts | Revenues | U.S. government contracts      
Segment Reporting Information [Line Items]      
Concentration risk, percentage 40.00% 49.00% 51.00%
v3.22.4
Segment and Revenue Information - Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total revenues $ 66,608 $ 62,286 $ 58,158
Operating Segments | Commercial Airplanes      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total revenues 25,867 19,493 16,162
Operating Segments | Commercial Airplanes | B-737-Max | Customer Concessions      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue from contract with customer, excluding assessed tax 16 14 (498)
Total non-U.S. revenues      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total revenues 27,374 23,196 21,677
Total non-U.S. revenues | Operating Segments | Commercial Airplanes      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue from contract with customer, excluding assessed tax 13,567 9,905 8,711
Asia      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total revenues 8,393 5,845 5,931
Asia | Operating Segments | Commercial Airplanes      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue from contract with customer, excluding assessed tax 4,484 2,792 2,679
Europe      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total revenues 7,916 8,967 7,961
Europe | Operating Segments | Commercial Airplanes      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue from contract with customer, excluding assessed tax 4,038 4,334 3,872
Middle East      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total revenues 5,047 4,653 5,308
Middle East | Operating Segments | Commercial Airplanes      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue from contract with customer, excluding assessed tax 2,003 1,098 1,647
Canada      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total revenues 1,612 969 1,302
Oceania      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total revenues 1,576 1,147 832
Africa      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total revenues 418 239 114
Latin America, Caribbean and other      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total revenues 2,412 1,376 229
United States      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total revenues 39,218 39,076 36,979
United States | Operating Segments | Commercial Airplanes      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue from contract with customer, excluding assessed tax $ 12,167 $ 9,472 $ 7,899
v3.22.4
Segment and Revenue Information - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Disaggregation of Revenue [Line Items]      
Total revenues $ 66,608 $ 62,286 $ 58,158
Asia      
Disaggregation of Revenue [Line Items]      
Total revenues 8,393 5,845 5,931
Europe      
Disaggregation of Revenue [Line Items]      
Total revenues 7,916 8,967 7,961
Middle East      
Disaggregation of Revenue [Line Items]      
Total revenues 5,047 4,653 5,308
Total non-U.S. revenues      
Disaggregation of Revenue [Line Items]      
Total revenues 27,374 23,196 21,677
United States      
Disaggregation of Revenue [Line Items]      
Total revenues 39,218 39,076 36,979
Operating Segments | Commercial Airplanes      
Disaggregation of Revenue [Line Items]      
Total revenues 25,867 19,493 16,162
Operating Segments | Commercial Airplanes | B-737-Max | Customer Concessions      
Disaggregation of Revenue [Line Items]      
Revenue from contract with customer, excluding assessed tax 16 14 (498)
Operating Segments | Commercial Airplanes | Total revenues from contracts with customers      
Disaggregation of Revenue [Line Items]      
Revenue from contract with customer, excluding assessed tax $ 25,750 $ 19,391 $ 16,112
Operating Segments | Commercial Airplanes | Revenue recognized on fixed-price contracts      
Disaggregation of Revenue [Line Items]      
Revenue from contract with customer, excluding assessed tax, percentage 100.00% 100.00% 100.00%
Operating Segments | Commercial Airplanes | Revenue recognized at a point in time      
Disaggregation of Revenue [Line Items]      
Revenue from contract with customer, excluding assessed tax, percentage 100.00% 100.00% 100.00%
Operating Segments | Commercial Airplanes | Asia      
Disaggregation of Revenue [Line Items]      
Revenue from contract with customer, excluding assessed tax $ 4,484 $ 2,792 $ 2,679
Operating Segments | Commercial Airplanes | Europe      
Disaggregation of Revenue [Line Items]      
Revenue from contract with customer, excluding assessed tax 4,038 4,334 3,872
Operating Segments | Commercial Airplanes | Middle East      
Disaggregation of Revenue [Line Items]      
Revenue from contract with customer, excluding assessed tax 2,003 1,098 1,647
Operating Segments | Commercial Airplanes | Other      
Disaggregation of Revenue [Line Items]      
Revenue from contract with customer, excluding assessed tax 3,042 1,681 513
Operating Segments | Commercial Airplanes | Total non-U.S. revenues      
Disaggregation of Revenue [Line Items]      
Revenue from contract with customer, excluding assessed tax 13,567 9,905 8,711
Operating Segments | Commercial Airplanes | United States      
Disaggregation of Revenue [Line Items]      
Revenue from contract with customer, excluding assessed tax 12,167 9,472 7,899
Operating Segments | Defense, Space & Security      
Disaggregation of Revenue [Line Items]      
Total revenues $ 23,162 $ 26,540 $ 26,257
Operating Segments | Defense, Space & Security | Revenue from the U.S. government      
Disaggregation of Revenue [Line Items]      
Revenue from contract with customer, excluding assessed tax, percentage 89.00% 89.00% 89.00%
Operating Segments | Defense, Space & Security | Revenue recognized over time      
Disaggregation of Revenue [Line Items]      
Revenue from contract with customer, excluding assessed tax, percentage 99.00% 99.00% 98.00%
Operating Segments | Defense, Space & Security | Revenue recognized on fixed-price contracts      
Disaggregation of Revenue [Line Items]      
Revenue from contract with customer, excluding assessed tax, percentage 60.00% 68.00% 69.00%
Operating Segments | Defense, Space & Security | Total non-U.S. revenues      
Disaggregation of Revenue [Line Items]      
Revenue from contract with customer, excluding assessed tax $ 6,018 $ 6,671 $ 6,595
Operating Segments | Defense, Space & Security | United States      
Disaggregation of Revenue [Line Items]      
Revenue from contract with customer, excluding assessed tax 17,144 19,869 19,662
Operating Segments | Global Services      
Disaggregation of Revenue [Line Items]      
Total revenues 17,611 16,328 15,543
Operating Segments | Global Services | Commercial      
Disaggregation of Revenue [Line Items]      
Revenue from contract with customer, excluding assessed tax 9,560 7,527 6,936
Operating Segments | Global Services | Government      
Disaggregation of Revenue [Line Items]      
Revenue from contract with customer, excluding assessed tax 7,681 8,553 8,368
Operating Segments | Global Services | Total revenues from contracts with customers      
Disaggregation of Revenue [Line Items]      
Revenue from contract with customer, excluding assessed tax $ 17,241 $ 16,080 $ 15,304
Operating Segments | Global Services | Revenue from the U.S. government      
Disaggregation of Revenue [Line Items]      
Revenue from contract with customer, excluding assessed tax, percentage 33.00% 40.00% 41.00%
Operating Segments | Global Services | Revenue recognized at a point in time      
Disaggregation of Revenue [Line Items]      
Revenue from contract with customer, excluding assessed tax, percentage 50.00% 45.00% 47.00%
Operating Segments | Global Services | Revenue recognized on fixed-price contracts      
Disaggregation of Revenue [Line Items]      
Revenue from contract with customer, excluding assessed tax, percentage 88.00% 86.00% 87.00%
Intersegment revenues, eliminated on consolidation | Commercial Airplanes      
Disaggregation of Revenue [Line Items]      
Total revenues $ 117 $ 102 $ 50
Intersegment revenues, eliminated on consolidation | Global Services      
Disaggregation of Revenue [Line Items]      
Total revenues $ 370 $ 248 $ 239
v3.22.4
Segment and Revenue Information - Schedule of Unallocated Items and Eliminations (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Segment Reporting Information [Line Items]      
Share-based plans $ (725) $ (833) $ (250)
Deferred compensation 117 (126) (93)
Amortization of previously capitalized interest (89) (76) (81)
Research and development expense, net (2,852) (2,249) (2,476)
Other      
Segment Reporting Information [Line Items]      
Share-based plans (114) (174) (120)
Deferred compensation 117 (126) (93)
Amortization of previously capitalized interest (95) (107) (95)
Research and development expense, net (278) (184) (240)
Eliminations and other unallocated items (1,162) (676) (1,807)
Unallocated items, eliminations and other (1,532) (1,267) (2,355)
FAS/CAS service cost adjustment 1,143 1,173 1,383
Other | Pension FAS/CAS service cost adjustment      
Segment Reporting Information [Line Items]      
FAS/CAS service cost adjustment 849 882 1,024
Other | Postretirement FAS/CAS service cost adjustment      
Segment Reporting Information [Line Items]      
FAS/CAS service cost adjustment $ 294 $ 291 $ 359
v3.22.4
Segment and Revenue Information - Reconciliation of Assets from Segment to Consolidated (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Segment Reporting Information [Line Items]    
Assets $ 137,100 $ 138,552
Operating Segments | Commercial Airplanes    
Segment Reporting Information [Line Items]    
Assets 75,212 75,863
Operating Segments | Defense, Space & Security    
Segment Reporting Information [Line Items]    
Assets 14,426 14,974
Operating Segments | Global Services    
Segment Reporting Information [Line Items]    
Assets 16,149 16,397
Operating Segments | Boeing Capital    
Segment Reporting Information [Line Items]    
Assets 1,510 1,735
Other    
Segment Reporting Information [Line Items]    
Assets $ 29,803 $ 29,583
v3.22.4
Segment and Revenue Information - Schedule of Capital Expenditures by Segment (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Segment Reporting Information [Line Items]      
Capital expenditures $ 1,222 $ 980 $ 1,303
Operating Segments | Commercial Airplanes      
Segment Reporting Information [Line Items]      
Capital expenditures 218 177 322
Operating Segments | Defense, Space & Security      
Segment Reporting Information [Line Items]      
Capital expenditures 202 199 172
Operating Segments | Global Services      
Segment Reporting Information [Line Items]      
Capital expenditures 130 94 127
Other      
Segment Reporting Information [Line Items]      
Capital expenditures $ 672 $ 510 $ 682
v3.22.4
Segment and Revenue Information - Schedule of Depreciation and Amortization Expense by Segment (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Segment Reporting Information [Line Items]      
Depreciation and amortization $ 1,979 $ 2,144 $ 2,246
Operating Segments | Commercial Airplanes      
Segment Reporting Information [Line Items]      
Depreciation and amortization 508 535 559
Depreciation and Amortization Expense, Business Segment Allocation 360 386 397
Operating Segments | Defense, Space & Security      
Segment Reporting Information [Line Items]      
Depreciation and amortization 238 233 251
Depreciation and Amortization Expense, Business Segment Allocation 230 222 236
Operating Segments | Global Services      
Segment Reporting Information [Line Items]      
Depreciation and amortization 346 414 408
Depreciation and Amortization Expense, Business Segment Allocation 53 60 56
Operating Segments | Boeing Capital Corporation      
Segment Reporting Information [Line Items]      
Depreciation and amortization 46 59 66
Other      
Segment Reporting Information [Line Items]      
Depreciation and amortization 841 903 962
Intersegment revenues, eliminated on consolidation      
Segment Reporting Information [Line Items]      
Depreciation and Amortization Expense, Business Segment Allocation $ 643 $ 668 $ 689