BOEING CO, 10-Q filed on 10/23/2024
Quarterly Report
v3.24.3
Cover - shares
 9 Months Ended
Sep. 30, 2024
Oct. 16, 2024
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Sep. 30, 2024  
Document Transition Report false  
Entity File Number 1-442  
Entity Registrant Name THE BOEING COMPANY  
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 465-3500  
Title of 12(b) Security Common Stock, $5.00 Par Value  
Trading Symbol BA  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   618,200,911
Amendment Flag false  
Document Fiscal Year Focus 2024  
Document Fiscal Period Focus Q3  
Entity Central Index Key 0000012927  
Current Fiscal Year End Date --12-31  
v3.24.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Total revenues $ 17,840 $ 18,104 $ 51,275 $ 55,776
Total costs and expenses (21,347) (16,939) (51,677) (50,749)
Gross profit (3,507) 1,165 (402) 5,027
Income/(loss) from operating investments, net (15) 28 59 45
General and administrative expense (1,085) (1,043) (3,623) (3,633)
Research and development expense, net (1,154) (958) (2,976) (2,496)
Gain on dispositions, net 5 1
Loss from operations (5,761) (808) (6,937) (1,056)
Other income, net 265 297 790 919
Interest and debt expense (728) (589) (1,970) (1,859)
Loss before income taxes (6,224) (1,100) (8,117) (1,996)
Income tax benefit/(expense) 50 (538) 149 (216)
Net loss (6,174) (1,638) (7,968) (2,212)
Less: net loss attributable to noncontrolling interest (4) (2) (16) (13)
Net loss attributable to Boeing Shareholders $ (6,170) $ (1,636) $ (7,952) $ (2,199)
Basic loss per share (in dollars per share) $ (9.97) $ (2.70) $ (12.91) $ (3.64)
Diluted loss per share (in dollars per share) $ (9.97) $ (2.70) $ (12.91) $ (3.64)
Weighted average diluted shares (millions) (in shares) 618.8 607.2 616.1 605.0
Sales of products        
Total revenues $ 14,534 $ 15,060 $ 41,326 $ 46,661
Cost of products and services (18,413) (14,464) (43,384) (43,140)
Sales of services        
Total revenues 3,306 3,044 9,949 9,115
Cost of products and services $ (2,934) $ (2,475) $ (8,293) $ (7,609)
v3.24.3
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Statement of Comprehensive Income [Abstract]        
Net loss $ (6,174) $ (1,638) $ (7,968) $ (2,212)
Other comprehensive loss, net of tax:        
Currency translation adjustments 54 (39) 30 (29)
Unrealized gain on certain investments, net of tax of $0, $0, $0 and $0 1 1 1 1
Derivative instruments:        
Unrealized (losses)/gains arising during period, net of tax of $3, $17, ($19) and $10 63 (35) (13) (60)
Reclassification adjustment for losses included in net loss, net of tax of ($7), $0, $1 and ($1) 4 26 2
Total unrealized gain/(loss) on derivative instruments, net of tax 63 (31) 13 (58)
Defined benefit pension plans and other postretirement benefits:        
Net actuarial (losses)/gains arising during the period, net of tax of $16, $2, ($1) and $0 1 (18) (5)
Amortization of actuarial losses/(gains) included in net periodic benefit cost, net of tax of ($30), $1, ($10) and $0 12 (2) 38 (6)
Amortization of prior service credits included in net periodic benefit cost, net of tax of $31, $17, $11 and $5 (12) (21) (38) (61)
Pension and postretirement cost related to our equity method investments, net of tax of ($2), $0, $1 and $0 1 6
Total defined benefit pension plans and other postretirement benefits, net of tax 1 (22) (12) (72)
Other comprehensive income/(loss), net of tax 119 (91) 32 (158)
Comprehensive loss, net of tax (6,055) (1,729) (7,936) (2,370)
Less: Comprehensive loss related to noncontrolling interest (4) (2) (16) (13)
Comprehensive loss attributable to Boeing Shareholders, net of tax $ (6,051) $ (1,727) $ (7,920) $ (2,357)
v3.24.3
Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Statement of Comprehensive Income [Abstract]        
Unrealized gain on certain investments, tax $ 0 $ 0 $ 0 $ 0
Unrealized (losses)/gains arising during period, tax (19) 10 3 17
Reclassification adjustment for losses included in net loss, tax 1 (1) (7) 0
Net actuarial (losses)/gains arising during the period, tax (1) 0 16 2
Amortization of actuarial losses/(gains) included in net periodic pension cost, tax (10) 0 (30) 1
Amortization of prior service credits included in net periodic pension cost, tax 11 5 31 17
Pension and postretirement cost related to our equity method investments, tax $ 1 $ 0 $ (2) $ 0
v3.24.3
Condensed Consolidated Statements of Financial Position - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 9,961 $ 12,691
Short-term and other investments 509 3,274
Accounts receivable, net 2,894 2,649
Unbilled receivables, net 9,356 8,317
Current portion of financing receivables, net 457 99
Inventories 83,341 79,741
Other current assets, net 2,918 2,504
Total current assets 109,436 109,275
Financing receivables and operating lease equipment, net 321 860
Property, plant and equipment, net of accumulated depreciation of $22,923 and $22,245 11,236 10,661
Goodwill 8,112 8,093
Acquired intangible assets, net 2,011 2,094
Deferred income taxes 44 59
Investments 1,030 1,035
Other assets, net of accumulated amortization of $1,054 and $1,046 5,505 4,935
Total assets 137,695 137,012
Liabilities and equity    
Accounts payable 12,267 11,964
Accrued liabilities 22,628 22,331
Advances and progress billings 57,931 56,328
Short-term debt and current portion of long-term debt 4,474 5,204
Total current liabilities 97,300 95,827
Deferred income taxes 249 229
Accrued retiree health care 2,121 2,233
Accrued pension plan liability, net 6,097 6,516
Other long-term liabilities 2,314 2,332
Long-term debt 53,176 47,103
Total liabilities 161,257 154,240
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 10,925 10,309
Treasury stock, at cost — 394,465,404 and 402,746,136 shares (48,564) (49,549)
Retained earnings 19,299 27,251
Accumulated other comprehensive loss (10,273) (10,305)
Total shareholders’ deficit (23,552) (17,233)
Noncontrolling interests (10) 5
Total equity (23,562) (17,228)
Total liabilities and equity $ 137,695 $ 137,012
v3.24.3
Condensed Consolidated Statements of Financial Position (Parenthetical) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Statement of Financial Position [Abstract]    
Property, plant and equipment, net of accumulated depreciation $ 22,923 $ 22,245
Other assets, net of accumulated amortization $ 1,054 $ 1,046
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
Treasury stock, shares (in shares) 394,465,404 402,746,136
v3.24.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows – operating activities:    
Net loss $ (7,968) $ (2,212)
Non-cash items –     
Share-based plans expense 310 548
Treasury shares issued for 401(k) contribution 1,315 1,204
Depreciation and amortization 1,327 1,380
Investment/asset impairment charges, net 48 12
Gain on dispositions, net (5) (1)
777X and 767 reach-forward losses 3,006
Other charges and credits, net 270 (25)
Changes in assets and liabilities –     
Accounts receivable (275) (523)
Unbilled receivables (1,042) (547)
Advances and progress billings 1,666 2,963
Inventories (6,854) (940)
Other current assets (26) 707
Accounts payable 122 982
Accrued liabilities 327 (574)
Income taxes receivable, payable and deferred (282) 73
Other long-term liabilities (228) (254)
Pension and other postretirement plans (736) (785)
Financing receivables and operating lease equipment, net 258 472
Other 137 99
Net cash (used)/provided by operating activities (8,630) 2,579
Cash flows – investing activities:    
Payments to acquire property, plant and equipment (1,582) (1,096)
Proceeds from disposals of property, plant and equipment 46 19
Acquisitions, net of cash acquired (50) (19)
Contributions to investments (1,751) (14,485)
Proceeds from investments 4,546 10,497
Supplier notes receivable (494) (162)
Repayments on supplier notes receivable 40
Purchase of distribution rights (88)
Other (14) 5
Net cash provided/(used) by investing activities 653 (5,241)
Cash flows – financing activities:    
New borrowings 10,120 55
Debt repayments (4,824) (5,181)
Stock options exercised 45
Employee taxes on certain share-based payment arrangements (73) (52)
Other 15 2
Net cash provided/(used) by financing activities 5,238 (5,131)
Effect of exchange rate changes on cash and cash equivalents 8 (22)
Net decrease in cash & cash equivalents, including restricted (2,731) (7,815)
Cash & cash equivalents, including restricted, at beginning of year 12,713 14,647
Cash & cash equivalents, including restricted, at end of period 9,982 6,832
Less restricted cash & cash equivalents, included in Investments 21 21
Cash and cash equivalents at end of period $ 9,961 $ 6,811
v3.24.3
Condensed 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, 2022 $ (15,848) $ 5,061 $ 9,947 $ (50,814) $ 29,473 $ (9,550) $ 35
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (2,212)       (2,199)   (13)
Other comprehensive income (loss), net of tax (158)         (158)  
Share-based compensation 548   548        
Treasury shares issued for stock options exercised, net 45   (27) 72      
Treasury shares issued for other share-based plans, net (19)   (82) 63      
Treasury shares issued for 401(k) contribution 1,204   497 707      
Subsidiary shares purchased from noncontrolling interests (267)   (267)        
Other changes in noncontrolling interests (10)           (10)
Ending balance at Sep. 30, 2023 (16,717) 5,061 10,616 (49,972) 27,274 (9,708) 12
Beginning balance at Jun. 30, 2023 (15,493) 5,061 10,310 (50,181) 28,910 (9,617) 24
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (1,638)       (1,636)   (2)
Other comprehensive income (loss), net of tax (91)         (91)  
Share-based compensation 167   167        
Treasury shares issued for stock options exercised, net 1   1        
Treasury shares issued for other share-based plans, net 5   (9) 14      
Treasury shares issued for 401(k) contribution 342   147 195      
Other changes in noncontrolling interests (10)           (10)
Ending balance at Sep. 30, 2023 (16,717) 5,061 10,616 (49,972) 27,274 (9,708) 12
Beginning balance at Dec. 31, 2023 (17,228) 5,061 10,309 (49,549) 27,251 (10,305) 5
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (7,968)       (7,952)   (16)
Other comprehensive income (loss), net of tax 32         32  
Share-based compensation 310   310        
Treasury shares issued for other share-based plans, net (24)   (129) 105      
Treasury shares issued for 401(k) contribution 1,315   435 880      
Other changes in noncontrolling interests 1           1
Ending balance at Sep. 30, 2024 (23,562) 5,061 10,925 (48,564) 19,299 (10,273) (10)
Beginning balance at Jun. 30, 2024 (17,982) 5,061 10,727 (48,841) 25,469 (10,392) (6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (6,174)       (6,170)   (4)
Other comprehensive income (loss), net of tax 119         119  
Share-based compensation 102   102        
Treasury shares issued for other share-based plans, net 11   (7) 18      
Treasury shares issued for 401(k) contribution 362   103 259      
Ending balance at Sep. 30, 2024 $ (23,562) $ 5,061 $ 10,925 $ (48,564) $ 19,299 $ (10,273) $ (10)
v3.24.3
Condensed Consolidated Statements of Equity (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Statement of Stockholders' Equity [Abstract]        
Other comprehensive income (loss), tax $ (17) $ 14 $ 11 $ 37
v3.24.3
Summary of Business Segment Data
 9 Months Ended
Sep. 30, 2024
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Summary of Business Segment Data
The Boeing Company and Subsidiaries
Notes to Condensed Consolidated Financial Statements
Summary of Business Segment Data
(Unaudited)
(Dollars in millions)Nine months ended September 30Three months ended September 30
2024202320242023
Revenues:
Commercial Airplanes$18,099 $23,420 $7,443 $7,876 
Defense, Space & Security18,507 18,187 5,536 5,481 
Global Services14,835 14,278 4,901 4,812 
Unallocated items, eliminations and other(166)(109)(40)(65)
Total revenues$51,275 $55,776 $17,840 $18,104 
Loss from operations:
Commercial Airplanes($5,879)($1,676)($4,021)($678)
Defense, Space & Security(3,146)(1,663)(2,384)(924)
Global Services2,620 2,487 834 784 
Segment operating loss(6,405)(852)(5,571)(818)
Unallocated items, eliminations and other(1,364)(1,067)(418)(271)
FAS/CAS service cost adjustment832 863 228 281 
Loss from operations(6,937)(1,056)(5,761)(808)
Other income, net790 919 265 297 
Interest and debt expense(1,970)(1,859)(728)(589)
Loss before income taxes(8,117)(1,996)(6,224)(1,100)
Income tax benefit/(expense)149 (216)50 (538)
Net loss(7,968)(2,212)(6,174)(1,638)
Less: net loss attributable to noncontrolling interest(16)(13)(4)(2)
Net loss attributable to Boeing Shareholders($7,952)($2,199)($6,170)($1,636)
This information is an integral part of the Notes to the Condensed Consolidated Financial Statements. See Note 19 for further segment results.
v3.24.3
Basis of Presentation
 9 Months Ended
Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation Basis of Presentation
The condensed consolidated interim 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”). In the opinion of management, all adjustments (consisting of normal recurring accruals) necessary for a fair presentation are reflected in the interim financial statements. The results of operations for the period ended September 30, 2024, are not necessarily indicative of the operating results for the full year. The interim financial statements should be read in conjunction with the audited Consolidated Financial Statements, including the notes thereto, included in our 2023 Annual Report on Form 10-K. We added a new financial statement line item to the Condensed Consolidated Statements of Cash Flows for cash invested in Supplier notes receivable and reclassified the corresponding amounts in the prior period financial statements to conform to the current period presentation.
Liquidity Matters
During the nine months ended September 30, 2024, net cash used by operating activities was $8.6 billion. The cash outflow was primarily driven by our commercial airplane business. Commercial airplane cash outflows reflect slowed production and deliveries as a result of ongoing safety and quality improvement actions the Company is taking following the Alaska Airlines accident on January 5, 2024, as well as supply chain constraints. Additionally, the ongoing work stoppage initiated on September 13, 2024, by the International Association of Machinists and Aerospace Workers District 751 (IAM 751) has paused production of certain commercial aircraft models (737, 767, 777 and 777X aircraft) as well as production of commercial derivative aircraft for our Defense, Space & Security business (KC-46A Tanker and P-8A Poseidon). The IAM 751 work stoppage is also significantly reducing aircraft deliveries and adversely impacting our financial position, results of operations and cash flows.
At September 30, 2024, cash and short-term investments totaled $10.5 billion. Our total debt balance was $57.7 billion at September 30, 2024, up from $52.3 billion at December 31, 2023. On May 1, 2024, we issued $10 billion of fixed-rate senior notes. At September 30, 2024, we had $10.0 billion of unused borrowing capacity on revolving credit line agreements. On May 15, 2024, we entered into a $4.0 billion five-year revolving credit agreement expiring in May 2029. Our $3.0 billion three-year revolving credit agreement expiring in August 2025 and $3.0 billion five-year revolving credit agreement expiring in August 2028 each remain in effect. We anticipate these credit lines will primarily serve as back-up liquidity to support our general borrowing needs. On October 14, 2024, we entered into a $10.0 billion 364-day supplemental credit agreement (see Note 12 for additional information). We continue to be in full compliance with all covenants contained in our debt and credit facility agreements.
We continue to maintain investment grade credit ratings. Moody’s downgraded our short term and long term credit ratings to Baa3/P-3 in April 2024. Moody's and S&P placed our ratings on review for downgrade in September 2024 and October 2024, respectively. A number of factors could cause us to incur increased borrowing costs and/or to have greater difficulty accessing public and private markets, including further credit rating downgrades. At September 30, 2024, trade payables included $2.7 billion payable to suppliers who have elected to participate in supply chain financing programs compared with $2.9 billion at December 31, 2023. In future quarters, our suppliers' access to supply chain financing could be curtailed or more expensive if our credit ratings are further downgraded.
We are implementing actions to improve liquidity. We instituted temporary furloughs and hiring freezes across the Company for all levels and paused pay increases for executive and management promotions. We are reducing discretionary spending as well as reducing or deferring non-essential capital expenditures. We are also pausing the issuance of the majority of supplier purchase orders on the 737, 767, 777, and 777X programs due to IAM 751's ongoing work stoppage. In addition, on October 11, 2024, we announced that we plan to reduce the size of our total workforce by roughly 10 percent.
Our planned acquisition of Spirit AeroSystems Holdings, Inc. (Spirit) will be an all-stock transaction pursuant to the Agreement and Plan of Merger entered into on June 30, 2024 (see Note 2 for additional information).
Notwithstanding the actions described above to improve liquidity, we expect negative operating cash flows in future quarters until IAM 751 employees return to work, production resumes and deliveries ramp up.
Based on our current best estimates of market demand, planned production rates, timing of cash receipts and expenditures, and our expected ability to successfully implement actions to improve liquidity, we believe it is probable that we will be able to fund our operations for the foreseeable future. We also believe we have the ability to access additional liquidity.
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.
Goodwill
We performed our annual goodwill impairment test as of April 1, 2024, using a qualitative assessment. We determined the fair value of each of our reporting units substantially exceeded their respective carrying values. Our Military Aircraft reporting unit within our Defense, Space & Security (BDS) segment had goodwill of $1,295 and a negative carrying value at September 30, 2024.
Long-term Contracts
Substantially all contracts at our BDS segment and certain contracts at our Global Services (BGS) segment are long-term contracts with the U.S. government and other customers that generally extend over several years. 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 changes in estimated losses on unexercised options.
(In millions - except per share amounts)Nine months ended September 30Three months ended September 30
2024202320242023
Decrease to Revenue($1,928)($1,582)($963)($800)
Increase to Loss from operations
($4,322)($2,600)($2,622)($1,252)
Increase to Diluted loss per share
($6.89)($4.76)($4.20)($3.07)
v3.24.3
Spirit Acquisition
 9 Months Ended
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Spirit Acquisitions Spirit Acquisition
On June 30, 2024, we entered into an Agreement and Plan of Merger (the Merger Agreement) pursuant to which we have agreed to acquire Spirit in an all-stock transaction at an equity value of approximately $4,700, or $37.25 per share of Spirit Class A Common Stock. The transaction will include the assumption of Spirit's net debt at closing.
Each share of Spirit common stock will be exchanged for a number of shares of Boeing common stock equal to an exchange ratio between 0.18 and 0.25, calculated as $37.25 divided by the volume weighted average share price of Boeing shares over the 15-trading-day period ending on the second trading day prior to the closing (subject to a floor of $149.00 per share and a ceiling of $206.94 per share). Spirit stockholders will receive 0.25 Boeing shares for each of their Spirit shares if the volume-weighted average price is at or below $149.00, and 0.18 Boeing shares for each of their Spirit shares if the volume-weighted average price is at or above $206.94 per share.
Boeing's acquisition of Spirit will include substantially all Boeing-related commercial operations, as well as certain other operations.
Spirit has also entered into a binding term sheet with Airbus SE (Airbus) setting forth the terms upon which Airbus will, assuming the parties enter into definitive agreements and receive all required regulatory approvals, acquire certain commercial work packages that Spirit performs for Airbus concurrently with the closing of the Boeing-Spirit merger. In addition, Spirit is proposing to sell certain of its operations, including those in Belfast, Northern Ireland (non-Airbus operations); Prestwick, Scotland; Subang, Malaysia; Biddeford, Maine; and Woonsocket, Rhode Island.
The transaction is expected to close mid-2025 and is subject to the sale of the Spirit operations related to certain Airbus commercial work packages and the satisfaction of customary closing conditions, including regulatory and Spirit stockholder approvals.
The Merger Agreement contains certain termination rights, including that either Boeing or Spirit may terminate the Merger Agreement if, subject to certain limitations, the transaction has not been consummated by March 31, 2025 (subject to three automatic three-month extensions if on each such date all of the closing conditions except those relating to regulatory approvals have been satisfied or waived) (the Outside Date). Additionally, Spirit may terminate the Merger Agreement under specified circumstances to accept an unsolicited Superior Proposal (as defined in the Merger Agreement) from a third party, and we may terminate the Merger Agreement if, before Spirit stockholder approval has been obtained, the Spirit Board of Directors changes its recommendation that Spirit’s stockholders adopt the Merger Agreement. In addition, if either party breaches or fails to perform any of its representations, warranties or covenants under the Merger Agreement such that the related conditions to the other party's obligation to consummate the Merger would not be satisfied, and such breach or failure is not curable by the Outside Date or, if curable by the Outside Date, has not been cured within 30 days following notice thereof, such other party may terminate the Merger Agreement.
The Merger Agreement provides that Spirit will be required to pay Boeing a termination fee of $150 if the Merger Agreement is terminated under specified circumstances in which the Spirit Board of Directors changes its recommendation that Spirit’s stockholders adopt the Merger Agreement, Spirit terminates the Merger Agreement in order to accept a Superior Proposal as set forth in the Merger Agreement, or Spirit consummates a Qualifying Transaction (as defined in the Merger Agreement) following the termination of the Merger Agreement.
The Merger Agreement also provides that we will be required to pay Spirit a termination fee of $300 if the Merger Agreement is terminated by Spirit or Boeing under certain specified circumstances as a result of the parties' failure to obtain the required regulatory approvals by the Outside Date or in the event that any law or order related to the required regulatory approvals or any applicable antitrust law or foreign investment law prohibits the consummation of the Merger.
v3.24.3
Earnings Per Share
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share 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 attributable to Boeing Shareholders, 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 attributable to Boeing Shareholders, less earnings available to participating securities, divided by the diluted weighted average common shares outstanding. Diluted weighted average common shares outstanding is calculated using the treasury stock method.
The elements used in the computation of Basic and Diluted loss per share were as follows:
(In millions - except per share amounts)Nine months ended September 30Three months ended September 30
2024202320242023
Net loss attributable to Boeing Shareholders($7,952)($2,199)($6,170)($1,636)
Less: earnings available to participating securities
Net loss available to common shareholders
($7,952)($2,199)($6,170)($1,636)
Basic
Basic weighted average shares outstanding
616.1 605.0 618.8 607.2 
Less: participating securities(1)
0.3 0.3 0.2 0.3 
Basic weighted average common shares outstanding
615.8 604.7 618.6 606.9 
Diluted
Diluted weighted average shares outstanding
616.1 605.0 618.8 607.2 
Less: participating securities(1)
0.3 0.3 0.2 0.3 
Diluted weighted average common shares outstanding
615.8 604.7 618.6 606.9 
Net loss per share:
Basic
($12.91)($3.64)($9.97)($2.70)
Diluted
(12.91)(3.64)(9.97)(2.70)
(1)Participating securities include certain instruments in our deferred compensation plan.
The following table represents potential common shares that were not included in the computation of Diluted loss per share because the effect was antidilutive based on their strike price or the performance condition was not met.
(Shares in millions)Nine months ended September 30Three months ended September 30
2024202320242023
Performance restricted stock units0.7 0.7  
Restricted stock units0.7  
Stock options0.8 0.8 0.8 0.7 
In addition, potential common shares of 2.9 million and 5.6 million for the nine months ended September 30, 2024 and 2023 and 2.9 million and 6.2 million for the three months ended September 30, 2024 and 2023 were excluded from the computation of Diluted loss per share, because the effect would have been antidilutive as a result of incurring a net loss in those periods.
v3.24.3
Income Taxes
 9 Months Ended
Sep. 30, 2024
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
We computed our 2024 interim tax provision using an estimated annual effective tax rate of (1.9)%, adjusted for discrete items. Our 2024 estimated annual effective tax rate is primarily driven by taxes on non-U.S. operations. The forecasted 2024 tax provision as estimated at September 30, 2024, remained relatively consistent with that estimated in the second quarter of 2024, despite increased forecasted pre-
tax losses. This resulted in a corresponding change in the annualized effective tax rate during the three months ended September 30, 2024. The effective tax rate for the three months ended September 30, 2024, was 0.8% and reflects additional tax benefits to adjust prior quarters' results to the annual effective tax rate. The effective tax rates were 1.8% and (10.8)% for the nine months ended September 30, 2024 and 2023.
As of December 31, 2023, we had recorded valuation allowances of $4,550 primarily for certain domestic deferred tax assets, and certain domestic net operating losses, tax credit and interest 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 results from not having sufficient income from deferred tax liability reversals in the appropriate future periods to support the realization of deferred tax assets.
In the third quarter of 2024, we determined that earnings from our non-U.S. subsidiaries are no longer considered to be permanently reinvested. This resulted in a discrete income tax provision of $13 for the three months ended September 30, 2024.
Federal income tax audits have been settled for all years prior to 2021. The Internal Revenue Service is expected to begin the 2021-2023 federal tax audit in the third quarter of 2025. We are also subject to examination in major state and international jurisdictions for the 2010-2023 tax years. We believe appropriate provisions for all outstanding tax issues have been made for all jurisdictions and all open years.
v3.24.3
Allowances for Losses on Financial Assets
 9 Months Ended
Sep. 30, 2024
Allowance for Losses on Financial Assets [Abstract]  
Allowances for Losses on Financial Assets Allowances for Losses on Financial Assets
The changes in allowances for expected credit losses for the nine months ended September 30, 2024 and 2023, consisted of the following:
Accounts receivable Unbilled receivablesOther current assets
Financing receivables
Other assetsTotal
Balance at January 1, 2023($116)($23)($85)($55)($88)($367)
Changes in estimates(8)3 15 4 (16)(2)
Write-offs27 5 32 
Recoveries4 4 
Balance at September 30, 2023
($93)($20)($65)($51)($104)($333)
Balance at January 1, 2024($89)($19)($50)($51)($122)($331)
Changes in estimates(28)(2)(2)41 (66)(57)
Write-offs15 11 26 
Recoveries1 1 
Balance at September 30, 2024
($101)($21)($41)($10)($188)($361)
v3.24.3
Inventories
 9 Months Ended
Sep. 30, 2024
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories consisted of the following:
September 30
2024		December 31
2023
Commercial aircraft programs$72,101 $68,683 
Long-term contracts in progress164 686 
Capitalized precontract costs(1)
981 946 
Commercial spare parts, used aircraft, general stock materials and other
10,095 9,426 
Total$83,341 $79,741 
(1)Capitalized precontract costs at September 30, 2024 and December 31, 2023, included amounts related to T-7A Red Hawk Production Options, Commercial Crew, and KC-46A Tanker. See Note 10.
Commercial Aircraft Programs
At September 30, 2024 and December 31, 2023, commercial aircraft programs inventory included the following amounts related to the 737 program: deferred production costs of $8,670 and $6,011 and unamortized tooling and other non-recurring costs of $879 and $792. At September 30, 2024, $9,505 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 $44 is expected to be recovered from units included in the program accounting quantity that represent expected future orders.
At September 30, 2024 and December 31, 2023, commercial aircraft programs inventory included the following amounts related to the 777X program: $3,818 and $4,638 of work in process (including deferred production costs of $552 and $1,792) and $4,255 and $4,063 of unamortized tooling and other non-recurring costs. We expensed abnormal production costs of $442 during the nine months ended September 30, 2023. In the fourth quarter of 2023, the 777X program resumed production, and as a result, there were no abnormal production costs during the nine months ended September 30, 2024. During the third quarter of 2024, we determined that estimated costs to complete the 777X program plus the costs already included in 777X inventory exceed estimated revenues from the program. The resulting reach-forward loss of $2,608 was recorded as a reduction of deferred production costs. The level of profitability on the 777X program will be subject to a number of factors. These factors include aircraft certification requirements and timing, change incorporation on completed aircraft, production disruption due to labor instability (including the ongoing work stoppage) and supply chain disruption, customer delivery timing and negotiations, further production rate adjustments for the 777X or other commercial aircraft programs, and contraction of the accounting quantity. One or more of these factors could result in additional reach-forward losses in future periods.
At September 30, 2024 and December 31, 2023, commercial aircraft programs inventory included the following amounts related to the 787 program: deferred production costs of $12,452 and $12,384, supplier advances of $1,394 and $1,764, and unamortized tooling and other non-recurring costs of $1,402 and $1,480. At September 30, 2024, $11,403 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 $2,451 is expected to be recovered from units included in the program accounting quantity that represent expected future orders. We expensed abnormal production costs of $209 and $937 during the nine months ended September 30, 2024 and 2023.
Commercial aircraft programs inventory included amounts credited in cash or other consideration (early issue sales consideration) to airline customers totaling $4,716 and $4,126 at September 30, 2024 and December 31, 2023.
v3.24.3
Contracts with Customers
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Contracts with Customers Contracts with Customers
Unbilled receivables increased from $8,317 at December 31, 2023, to $9,356 at September 30, 2024, primarily driven by revenue recognized at BDS in excess of billings.
Advances and progress billings increased from $56,328 at December 31, 2023, to $57,931 at September 30, 2024, primarily driven by advances on orders received at Commercial Airplanes (BCA).
Revenues recognized during the nine months ended September 30, 2024 and 2023, from amounts recorded as Advances and progress billings at the beginning of each year were $11,804 and $11,602. Revenues recognized during the three months ended September 30, 2024 and 2023, from amounts recorded as Advances and progress billings at the beginning of each year were $3,927 and $3,717.
v3.24.3
Financing Receivables and Operating Lease Equipment
 9 Months Ended
Sep. 30, 2024
Financing Receivables and Operating Lease Equipment [Abstract]  
Financing Receivables and Operating Lease Equipment Financing Receivables and Operating Lease Equipment
Financing receivables and operating lease equipment, net consisted of the following:
September 30
2024		December 31
2023
Financing receivables:
Investment in sales-type leases$457 $556 
Notes87 102 
Total financing receivables
544 658 
Less allowance for losses on receivables10 51 
Financing receivables, net534 607 
Operating lease equipment, at cost, less accumulated depreciation of $47 and $70
244 352 
Total$778 $959 
Our financing arrangements range in terms from 1 to 8 years, and include $447 of Investment in sales-type leases, net of allowances, that will be repaid in one year or less. Financing arrangements may include options to extend or terminate. Certain leases include provisions to allow the lessee to purchase the underlying aircraft at a specified price. At September 30, 2024 and December 31, 2023, $10 and $44 were determined to be uncollectible financing receivables and placed on non-accrual status. The allowance for losses on financing receivables decreased primarily due to cash collections during the nine months ended September 30, 2024.
The components of investment in sales-type leases consisted of the following:
September 30
2024		December 31
2023
Gross lease payments receivable$497 $697 
Unearned income(40)(162)
Net lease payments receivable457 535 
Unguaranteed residual assets21 
Total$457 $556 
Financing interest income recorded for the nine months ended September 30, 2024 and 2023, was $5 and $122. Financing interest income recorded for the three months ended September 30, 2024 and 2023, was $1 and $60.
Our financing receivable balances at September 30, 2024 by internal credit rating category and year of origination consisted of the following:
Rating categoriesCurrent2023202220212020PriorTotal
BBB$19 $69 $29 $185 $100 $45 $447 
B87 87 
CCC10 10 
Total carrying value of financing receivables$19 $69 $29 $195 $100 $132 $544 
At September 30, 2024, our allowance for losses related to receivables with ratings of CCC, B and BBB. We applied default rates that averaged 100.0%, 0.0% and 0.1%, respectively, to the exposure associated with those receivables.
Financing Receivables Exposure
The majority of our financing receivables and operating lease equipment portfolio is concentrated in the following aircraft models:
September 30
2024		December 31
2023
717 Aircraft (Accounted for as sales-type leases)
$447 $478 
747-8 Aircraft (Primarily accounted for as notes)
97 129 
737 Aircraft (Primarily accounted for as operating leases)
47 156 
777 Aircraft (Accounted for as operating leases)
187 194 
747-400 Aircraft (Accounted for as sales-type leases)
43 
Lease income recorded in Sales of services on the Condensed Consolidated Statements of Operations for the nine months ended September 30, 2024 and 2023, included $39 and $43 of interest income from sales-type leases and $45 and $45 from operating lease payments. Lease income recorded in Sales of services on the Condensed Consolidated Statements of Operations for the three months ended September 30, 2024 and 2023, included $18 and $14 of interest income from sales-type leases and $13 and $18 from operating lease payments.
Variable lease payments for sales-type leases recognized in interest income for the nine and three months ended September 30, 2024 and 2023, were insignificant. Variable lease payments on operating leases for the nine and three months ended September 30, 2024 and 2023, were insignificant.
Profit at the commencement of sales-type leases was recorded in Sales of services for the nine months ended September 30, 2024 and 2023, in the amount of $9 and $24. Profit at commencement of sales-type leases was recorded in Sales of services for the three months ended September 30, 2024 and 2023, was $5 and $4.
v3.24.3
Investments
 9 Months Ended
Sep. 30, 2024
Investments [Abstract]  
Investments Investments
Our investments, which are recorded in Short-term and other investments or Investments, consisted of the following:
September 30
2024		December 31
2023
Time deposits (1)
 $2,753 
Equity method investments (2)
$952 966 
Available-for-sale debt investments (1)
505 499 
Equity and other investments61 69 
Restricted cash & cash equivalents (1)(3)
21 22 
Total$1,539 $4,309 
(1)Primarily included in Short-term and other investments on our Condensed Consolidated Statements of Financial Position.
(2)Dividends received were $41 and $4 during the nine and three months ended September 30, 2024, and $28 and $23 during the same periods in prior year.
(3)Reflects amounts restricted in support of our workers’ compensation programs and insurance premiums.
Contributions to investments and Proceeds from investments on our Condensed Consolidated Statements of Cash Flows primarily relate to time deposits and available-for-sale debt investments. Cash used for the purchase of time deposits during the nine months ended September 30, 2024 and 2023, was $1,298 and $13,964. Cash proceeds from the maturities of time deposits during the nine months ended September 30, 2024 and 2023, were $4,053 and $10,022.
Allowance for losses on available-for-sale debt investments are assessed quarterly. All instruments are considered investment grade, and we have not recognized an allowance for credit losses as of September 30, 2024.
v3.24.3
Liabilities, Commitments and Contingencies
 9 Months Ended
Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Liabilities, Commitments and Contingencies Liabilities, Commitments and Contingencies
737 MAX Customer Concessions and Other Considerations
During the first quarter of 2024, we recorded an earnings charge of $443, net of insurance recoveries, in connection with estimated considerations to customers for disruption related to the Alaska Airlines 737-9 accident and 737-9 grounding. This charge is reflected in the financial statements as a reduction to Sales of products.
The following table summarizes changes in the 737 MAX customer concessions and other considerations liability during the nine months ended September 30, 2024 and 2023.
20242023
Beginning balance – January 1$1,327 $1,864 
Reductions for payments made(767)(304)
Reductions for concessions and other in-kind considerations(256)(55)
Changes in estimates510 (54)
Ending balance – September 30$814 $1,451 
At September 30, 2024, $92 of the liability balance remains subject to negotiations with customers. The contracted amount includes $171 expected to be paid in cash primarily in 2024, while the remaining amounts are primarily expected to be liquidated by lower customer delivery payments.
Environmental
The following table summarizes changes in environmental remediation liabilities during the nine months ended September 30, 2024 and 2023.
20242023
Beginning balance – January 1$844 $752 
Reductions for payments made, net of recoveries(67)(46)
Changes in estimates98 149 
Ending balance – September 30$875 $855 
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 costs 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 September 30, 2024 and December 31, 2023, the high end of the estimated range of reasonably possible remediation costs exceeded our recorded liabilities by $997 and $1,030.
Product Warranties
The following table summarizes changes in product warranty liabilities recorded during the nine months ended September 30, 2024 and 2023.
20242023
Beginning balance – January 1$2,448 $2,275 
Additions for current year deliveries67 121 
Reductions for payments made(297)(258)
Changes in estimates(27)285 
Ending balance – September 30$2,191 $2,423 
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 September 30, 2024, have expiration dates from 2024 through 2030. At September 30, 2024 and December 31, 2023, total contractual trade-in commitments were $1,325 and $1,415. As of September 30, 2024 and December 31, 2023, we estimated it was probable we would be obligated to perform on certain of these commitments with net amounts payable to customers totaling $431 and $407 and the fair value of the related trade-in aircraft was $428 and $407.
Financing Commitments
Financing commitments related to aircraft on order, including options and those proposed in sales campaigns, and refinancing of delivered aircraft, totaled $17,379 and $17,003 as of September 30, 2024 and December 31, 2023. The estimated earliest potential funding dates for these commitments as of September 30, 2024 are as follows:

Total
October through December 2024
$517 
20253,162 
20264,214 
20273,489 
20282,272 
Thereafter3,725 
Total
$17,379 
As of September 30, 2024, $14,053 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 $261 to certain joint ventures over the next eight 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 $2,912 and $4,548 as of September 30, 2024 and December 31, 2023.
Supply Chain Financing Programs
The Company has supply chain financing programs in place under which participating suppliers may elect to obtain payment from an intermediary. The Company confirms the validity of invoices from participating suppliers and agrees to pay the intermediary an amount based on invoice totals. The majority of amounts payable under these programs are due within 30 to 90 days but may extend up to 12 months. At September 30, 2024 and December 31, 2023, Accounts payable included $2.7 billion and $2.9 billion payable to suppliers who have elected to participate in these programs. See Note 1.
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. In addition, we are making certain capital expenditures in anticipation of future contract awards that have risk for impairment if we are not selected.
Fixed-Price 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. Estimating the cost and time for us and our suppliers to complete these contracts is inherently uncertain due to operational and technical complexities. This uncertainty requires us to make significant judgments and assumptions about future operational and technical performance, and the outcome of customer and/or supplier contractual negotiations. The risk that actual performance, technical or contractual outcomes could be different than those previously assumed creates financial risk that could trigger additional material 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 and Manufacturing Development (EMD) effort on the U.S. Air Force’s (USAF) VC-25B Presidential Aircraft, commonly known as Air Force One, is a $4 billion program to develop and modify two 747-8 commercial aircraft. During 2023, we increased the reach-forward loss on the contract by $482 driven by engineering changes to support the build and installation process; the resolution of supplier negotiations; and factory performance related to labor instability. During the second quarter of 2024, we increased the reach-forward loss on the contract by $250 primarily driven by higher than anticipated costs due to engineering design changes related to wiring and other structural requirements. 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. Since 2016, the USAF has authorized 10 low rate initial production (LRIP) lots for a total of 139 aircraft. The EMD contract and authorized LRIP lots total approximately $27 billion as of September 30, 2024. The KC-46A Tanker is a derivative of the 767 commercial airplane program with the majority of the manufacturing costs being incurred in the 767 factory and the remaining costs being incurred in the military finishing and delivery centers.
During 2023, we increased the reach-forward loss on the KC-46A Tanker program by $309 primarily resulting from factory disruption and additional rework due to a supplier quality issue. During the first quarter of 2024, we increased the reach-forward loss by $128, primarily due to factory disruption associated with supply chain constraints. During the second quarter of 2024, we increased the reach-forward loss on the contract by $391, primarily reflecting higher than anticipated factory disruption, including supply chain constraints and parts shortages. During the three months ended September 30, 2024, we increased the reach-forward loss on the contract by $661 to reflect higher than anticipated factory disruption, higher estimated supplier costs, the projected impacts of IAM 751 contract negotiations and the ongoing work stoppage, and increased cost allocations primarily resulting from lower commercial airplane production rates. As of September 30, 2024, we had approximately $137 of capitalized precontract costs and $313 of potential termination liabilities to suppliers related to future production lots. 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 2023, we increased the reach-forward loss by $231 primarily driven by production and flight testing delays as well as higher than anticipated production costs to complete EMD aircraft attributable to factory performance. During the first quarter of 2024, we were awarded a cost-type contract modification totaling $657 for two additional test aircraft plus other scope increases. During the three months ended September 30, 2024, we increased the reach-forward loss by $217 primarily reflecting higher than anticipated production costs to complete EMD aircraft. The initial EMD units are currently progressing through the factory and the increase reflects recent and projected factory performance as well as the higher than anticipated complexity of the production build. We expect the initial units to complete production in 2025 and begin flight testing. We will be initiating final assembly operations at our new facility at Mid-America St. Louis Airport in Mascoutah, Illinois, in early 2025. 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. The production portion of the contract includes 11 production lots for aircraft and related services for 346 T-7A Red Hawk aircraft that we believe are probable of being exercised. Four EMD aircraft have been delivered as of September 30, 2024, and the flight testing is ongoing. We expect the first production and support contract option to be exercised in 2025 with the remaining lots expected to be exercised annually thereafter.
During 2023, we increased the reach-forward loss on the T-7A Red Hawk program by $275 primarily reflecting higher estimated production costs. During the first quarter of 2024, we increased the reach-forward loss on the T-7A Red Hawk program by $94 primarily reflecting further increases in estimated production costs. During the second quarter of 2024, we increased the reach-forward loss on the program by $278 primarily driven by higher than anticipated costs to meet certain technical and support requirements, and flight test program inefficiencies and delays. During the three months ended September 30, 2024, we increased the reach-forward loss on the program by $908 primarily to reflect higher estimated supplier costs related to future production lots. The higher estimated supplier costs are based on our updated assessment that previously assumed cost estimates are not projected to be realized in the current environment based on ongoing contracting activity and discussions with suppliers. The revised estimates include priced options or not-to-exceed pricing for contractually committed suppliers and escalated current prices for uncontracted work. We also provisioned for a supplier not fulfilling their contractual requirements for certain production lots. The charge also includes a provision related to certain equipment no longer assumed to be customer-furnished. At September 30, 2024, we had approximately $285 of capitalized precontract costs and $594 of potential termination liabilities to suppliers related to certain long-lead items for the first 4 production lots. Risk remains that we may record additional losses in future periods.
Commercial Crew
National Aeronautics and Space Administration has contracted us to design and build the CST-100 Starliner spacecraft to transport crews to the International Space Station (ISS). In the second quarter of 2022, we successfully completed the uncrewed Orbital Flight Test. During 2023, we increased the reach-forward loss by $288 primarily as a result of delaying the Crewed Flight Test (CFT) following notification by a parachute supplier of an issue identified through testing. The CFT launched on June 5, 2024, and docked with the ISS. The Starliner spacecraft had a minimum mission duration of 8 days. Its return to Earth was delayed to allow time to perform further testing of propulsion system anomalies and returned to Earth uncrewed in September 2024. As a result of the CFT delays, during the second quarter of 2024, we increased the reach-forward loss on the program by $125. During the three months ended September 30, 2024, we increased the reach-forward loss on the program by $250 primarily to reflect schedule delays and higher testing and certification costs. At September 30, 2024, we had approximately $240 of capitalized precontract costs and $257 of potential termination liabilities to suppliers related to fixed-price unauthorized future missions. Risk remains that we may record additional losses in future periods.
v3.24.3
Arrangements with Off-Balance Sheet Risk
 9 Months Ended
Sep. 30, 2024
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
September 30
2024		December 31
2023		September 30
2024		December 31
2023		September 30
2024		December 31
2023
Contingent repurchase commitments
$342 $404 $342 $404 
Credit guarantees
15 15  $14 $14 
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. 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. 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 10.
v3.24.3
Debt
 9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Debt Debt
On May 1, 2024, we issued $10.0 billion of fixed-rate senior notes consisting of $1.0 billion due May 1, 2027 that bear an annual interest rate of 6.259%, $1.5 billion due May 1, 2029 that bear an annual interest rate of 6.298%, $1.0 billion due May 1, 2031 that bear an annual interest rate of 6.388%, $2.5 billion due May 1, 2034 that bear an annual interest rate of 6.528%, $2.5 billion due May 1, 2054 that bear an annual interest rate of 6.858%, and $1.5 billion due May 1, 2064 that bear an annual interest rate of 7.008%. The notes are unsecured senior obligations and rank equally in right of payment with our existing and future unsecured and unsubordinated indebtedness.
On May 15, 2024, we entered into a $4.0 billion five-year revolving credit agreement expiring in May 2029. Effective May 15, 2024, we terminated the $0.8 billion 364-day revolving credit agreement expiring in August 2024, and the $3.2 billion five-year revolving credit agreement, as amended, expiring in October 2024. Our $3.0 billion three-year revolving credit agreement expiring in August 2025 and $3.0 billion five-year revolving credit agreement expiring in August 2028 each remain in effect. As of September 30, 2024, we had $10.0 billion available under credit line agreements.
On October 14, 2024, we entered into a $10.0 billion 364-day supplemental credit agreement (Credit Agreement) that allows us to make up to five draws of no less than $2.0 billion per draw. Under the Credit Agreement, we will pay a funding fee of 0.50% of the aggregate principal amount of each advance made under the Credit Agreement. Under the Credit Agreement, we will also pay a duration fee between 0.50% and 1.00% of the aggregate amount of outstanding advances and unused commitments under the Credit Agreement, which shall be payable 90 to 270 days after the closing date, as applicable. Borrowings under the Credit Agreement that are not based on the secured overnight funding rate (“SOFR”) will bear interest at an annual rate equal to the highest of (1) the rate announced publicly by Citibank, from time to time, as its “base” rate, (2) the federal funds rate plus 0.50% and (3) Adjusted Term SOFR (as defined in the Credit Agreement) for a period of one month plus 1.00%, in each case plus between 0.375% and 1.00%, depending on Boeing’s credit rating. Borrowings under the Credit Agreement that are based on SOFR will generally bear interest based on Adjusted Term SOFR (as defined in the Credit Agreement) plus between 1.375% and 2.00%, depending on our credit rating. Commitments under the Credit Agreement are scheduled to terminate 120 days after the date of the Credit Agreement and any outstanding advances mature 364 days after the date of the Credit Agreement. The Credit Agreement contains prepayment events that require the Company to prepay outstanding advances or reduce the commitments if the Company has any debt incurrence, equity issuance or disposition of assets, subject to customary terms and conditions set forth in the Credit Agreement.
We continue to be in full compliance with all covenants contained in our debt and credit facility agreements.
v3.24.3
Postretirement Plans
 9 Months Ended
Sep. 30, 2024
Retirement Benefits [Abstract]  
Postretirement Plans Postretirement Plans
The components of net periodic benefit cost/(income) were as follows:
Nine months ended September 30Three months ended September 30
Pension Plans2024202320242023
Service cost$5 $3 $2 $1 
Interest cost1,976 2,115 658 705 
Expected return on plan assets(2,483)(2,581)(827)(861)
Amortization of prior service credits(61)(61)(20)(20)
Recognized net actuarial loss200 125 66 42 
Net periodic benefit income($363)($399)($121)($133)
Net periodic benefit cost included in Loss from operations$5 $3 $2 $1 
Net periodic benefit income included in Other income, net(368)(402)(123)($134)
Net periodic benefit income included in Loss before income taxes
($363)($399)($121)($133)
Nine months ended September 30Three months ended September 30
Other Postretirement Plans2024202320242023
Service cost38 $36 $13 $12 
Interest cost93 111 31 37 
Expected return on plan assets(8)(6)(2)(2)
Amortization of prior service credits(8)(17)(3)(6)
Recognized net actuarial gain(132)(132)(44)(44)
Net periodic benefit income($17)($8)($5)($3)
Net periodic benefit cost included in Loss from operations35 $47 $12 $16 
Net periodic benefit income included in Other income, net(55)(44)(18)(15)
Net periodic benefit (income)/cost included in Loss before income taxes
($20)$3 ($6)$1 
v3.24.3
Share-Based Compensation and Other Compensation Arrangements
 9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation and Other Compensation Arrangements Share-Based Compensation and Other Compensation Arrangements
Restricted Stock Units
On February 20 and March 11, 2024, we granted 2,008,499 restricted stock units (RSU) to our executives and 125,432 RSUs to our executive officers as part of our long-term incentive program. The RSUs granted under this program have a grant date fair value of $204.15 and $192.94 per unit. 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.
Performance Restricted Stock Units
On March 11, 2024, we granted 153,306 performance restricted stock units (PRSU) to our executive officers as part of our long-term incentive program that will result in that number of PRSUs being paid out if the target performance metric is achieved. The PRSUs granted under this program have a grant date fair value of $192.94 per unit. The award payout can range from 0% to 200% of the initial PRSU grant based on cumulative free cash flow achievement over the period January 1, 2024 through December 31, 2026 as compared to the target set at the start of the performance period, as well as the achievement of certain safety goals. The PRSUs granted under this program will vest at the payout amount determined on the third anniversary of the grant date and settle in common stock (on a one-for-one basis). If an executive terminates employment because of retirement, layoff, disability, or death, the executive (or beneficiary) remains eligible under the award and, if the award is earned, may receive some or all of their stock units depending on certain age and service conditions. In all other cases, the PRSUs will not vest and all rights to the stock units will terminate.
v3.24.3
Shareholders' Equity
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Shareholders' Equity Shareholders' Equity
Accumulated Other Comprehensive Loss
Changes in Accumulated other comprehensive loss (AOCI) by component for the nine and three months ended September 30, 2024 and 2023, were as follows:
Currency Translation AdjustmentsUnrealized Gains and Losses on Certain Investments
Unrealized Gains and Losses on Derivative Instruments
Defined Benefit Pension Plans & Other Postretirement Benefits
Total (1)
Balance at January 1, 2023($167)($24)($9,359)($9,550)
Other comprehensive (loss)/income before reclassifications
(29)1 (60)(5)(93)
Amounts reclassified from AOCI
2 (67)
(2)
(65)
Net current period Other comprehensive (loss)/income
(29)1 (58)(72)(158)
Balance at September 30, 2023($196)$1 ($82)($9,431)($9,708)
Balance at January 1, 2024($134)$2 $12 ($10,185)($10,305)
Other comprehensive income/(loss) before reclassifications
30 1 (13)(12)6 
Amounts reclassified from AOCI
26 26 
Net current period Other comprehensive income/(loss)
30 1 13 (12)32 
Balance at September 30, 2024($104)$3 $25 ($10,197)($10,273)
Balance at June 30, 2023($157)($51)($9,409)($9,617)
Other comprehensive (loss)/income before reclassifications
(39)1 (35)1 (72)
Amounts reclassified from AOCI
4 (23)
(2)
(19)
Net current period Other comprehensive (loss)/income
(39)1 (31)(22)(91)
Balance at September 30, 2023($196)$1 ($82)($9,431)($9,708)
Balance at June 30, 2024($158)$2 ($38)($10,198)($10,392)
Other comprehensive income before reclassifications
54 1 63 1 119 
Amounts reclassified from AOCI
     
Net current period Other comprehensive income
54 1 63 1 119 
Balance at September 30, 2024($104)$3 $25 ($10,197)($10,273)
(1)     Net of tax.
(2)    Primarily relates to the amortization of prior service credits and actuarial gains included in net periodic benefit cost for the nine and three months ended September 30, 2023 totaling ($67) and ($23) (net of tax of $18 and $5).
v3.24.3
Derivative Financial Instruments
 9 Months Ended
Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [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 expected sales and purchases 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 2028.
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 Condensed Consolidated Statements of Financial Position were as follows:
Notional amounts (1)
Other assetsAccrued liabilities
September 30
2024		December 31
2023		September 30
2024		December 31
2023		September 30
2024		December 31
2023
Derivatives designated as hedging instruments:
Foreign exchange contracts$3,838 $4,120 $84 $85 ($50)($63)
Commodity contracts418 514 75 83 (1)(8)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts720 254 10 1 (25)(32)
Commodity contracts33 115  (2)
Total derivatives$5,009 $5,003 $169 $169 ($76)($105)
Netting arrangements(47)(47)47 47 
Net recorded balance$122 $122 ($29)($58)
(1)Notional amounts represent the gross contract/notional amount of the derivatives outstanding.
(Losses)/gains associated with our hedging transactions and forward points recognized in Other comprehensive (loss)/income are presented in the following table:
Nine months ended September 30Three months ended September 30

2024202320242023
Recognized in Other comprehensive (loss)/income, net of taxes:
Foreign exchange contracts($18)($30)$57 ($41)
Commodity contracts5 (30)6 6 
(Losses)/gains associated with our hedging transactions and forward points reclassified from AOCI to earnings are presented in the following table:
Nine months ended September 30Three months ended September 30
2024202320242023
Foreign exchange contracts
Costs and expenses($19)($11)($7)($5)
General and administrative expense(13)(21)2 
Commodity contracts
Costs and expenses($6)$24 $6 ($3)
General and administrative expense5 6 2 1 
Gains/(losses) related to undesignated derivatives on foreign exchange and commodity cash flow hedging transactions recognized in Other income, net were insignificant for the nine and three months ended September 30, 2024 and 2023.
Based on our portfolio of cash flow hedges, we expect to reclassify losses of $24 (pre-tax) out of AOCI 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 facilities, 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 September 30, 2024 was $3. For other particular commodity contracts, our counterparties could require collateral posted in an amount determined by our credit ratings. At September 30, 2024, there was no collateral posted related to our derivatives.
v3.24.3
Fair Value Measurements
 9 Months Ended
Sep. 30, 2024
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.

September 30, 2024December 31, 2023
TotalLevel 1Level 2TotalLevel 1Level 2
Assets
Money market funds$3,232 $3,232 $1,514 $1,514 
Available-for-sale debt investments:
Commercial paper205 $205 291 $291 
Corporate notes296 296 183 183 
U.S. and local government agencies17 1725 25 
Other equity investments36 36 44 44 
Derivatives122 122 122 122 
Total assets$3,908 $3,268 $640 $2,179 $1,558 $621 
Liabilities
Derivatives($29)($29)($58)($58)
Total liabilities($29) ($29)($58)($58)
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 nine months ended September 30 due to long-lived asset impairment and the fair value of the related assets as of the impairment date:

20242023
Fair ValueTotal
Losses		Fair ValueTotal
Losses
Investments($30)($11)
Operating lease equipment
$15 (5) 
Property, plant and equipment (10) 
Other assets
 (3) (1)
Total$15 ($48) ($12)
Level 3 Investments and Other 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 and adjusted for as-is condition. These approaches are considered estimates of net operating income, capitalization rates, and/or comparable property sales. Level 3 operating lease equipment is valued 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 period ended September 30, 2024, 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
Unobservable InputRange
Median or Average
Operating lease equipment
$15Market approachAircraft value publications
$21 - $27(1)
Median $23
Aircraft condition adjustments
($8) - $0(2)
Net ($8)
(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.
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 Condensed Consolidated Statements of Financial Position were as follows:

September 30, 2024
Carrying
Amount		Total Fair
Value		Level 1Level 2Level 3
Assets
Notes receivable, net$748 $768 $749 $19 
Liabilities
Debt, excluding finance lease obligations (57,397)(55,821)(55,821)
December 31, 2023
Carrying
Amount		Total Fair
Value		Level 1Level 2Level 3
Assets
Notes receivable, net$257 $270 $270 
Liabilities
Debt, excluding finance lease obligations (52,055)(51,039)(51,039)
The fair value of notes receivables classified as Level 2 is 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 notes receivables classified as Level 3 is based on our best estimate using available counterparty financial data. 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. 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 Condensed Consolidated Statements of Financial Position, approximate their fair value at September 30, 2024 and December 31, 2023. 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).
v3.24.3
Legal Proceedings
 9 Months Ended
Sep. 30, 2024
Legal Proceedings [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 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 U.S. government regulations, a company, or one or more of its operating divisions or subdivisions, can also be suspended or debarred from government contracts, have certain of its production certificates suspended or revoked, or lose its export privileges, based on the results of investigations. We believe, based upon current information, that the outcome of any currently pending legal proceeding, claim, or government dispute, inquiry or investigation will not have a material effect on our financial position, results of operations or cash flows. Except as otherwise described below, we cannot reasonably estimate a range of loss in excess of recorded amounts, if any, for the matters set forth below.
Multiple legal actions and inquiries were initiated 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. On January 7, 2021, we entered into a Deferred Prosecution Agreement (DPA) with the U.S. Department of Justice (the Department) relating to the Department’s investigation into us regarding the evaluation of the 737 MAX by the Federal Aviation Administration (the Investigation). Among other obligations, the DPA includes a three-year reporting period, which ended earlier this year. On May 14, 2024, the Department notified us of its determination that we did not fulfill our obligations under the DPA and that the Department would not move to dismiss the information. On July 24, 2024, we and the Department filed a plea agreement with the U.S. District Court for the Northern District of Texas (the Court) to resolve the Investigation. If approved by the Court, under the terms of the agreement, Boeing would agree to plead guilty to the charge that was the basis for the DPA; would pay an additional fine of $244; would commit to invest at least $455 in compliance, quality and safety programs over a three-year period; and would agree to the appointment of an independent compliance monitor for three years. We are actively engaging with the U.S. Department of Defense regarding potential impacts on our business with the U.S. government and are assessing other related risks.
Multiple legal actions were initiated as a result of the January 5, 2024 Alaska Airlines Flight 1282 accident. We are also subject to multiple governmental and regulatory investigations and inquiries relating to the Alaska Airlines Flight 1282 accident and our commercial airplanes business. We cannot reasonably estimate a range of loss, if any, not covered by available insurance that may result given the current status of pending lawsuits, investigations and inquiries related to the 737 program.
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 disputed our right to terminate the agreements, and the dispute was submitted to arbitration. Arbitration proceedings concluded on September 13, 2024. Pursuant to a collar agreement entered into between the parties, we paid Embraer $150 in October 2024, resolving the dispute between the parties.
v3.24.3
Segment and Revenue Information
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Segment and Revenue Information Segment and Revenue Information
Our primary profitability measurement to review segment operating results is Loss from operations. We operate in three reportable segments: BCA, BDS, and BGS. All other activities fall within Unallocated items, eliminations and other. See page 8 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.
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:
(Dollars in millions)Nine months ended September 30Three months ended September 30
2024202320242023
Revenue from contracts with customers:
Europe$3,046 $4,443 $1,499 $1,050 
Asia7,028 3,978 2,635 1,623 
Middle East1,618 2,723 444 1,257 
Other non-U.S.1,245 1,719 491 637 
Total non-U.S. revenues12,937 12,863 5,069 4,567 
United States5,512 10,435 2,354 3,260 
Estimated potential concessions and other considerations to 737 MAX customers, net of insurance recoveries
(443)54  28 
Total revenues from contracts with customers18,006 23,352 7,423 7,855 
Intersegment revenues eliminated on consolidation93 68 20 21 
Total segment revenues$18,099 $23,420 $7,443 $7,876 
Revenue recognized on fixed-price contracts100 %100 %100 %100 %
Revenue recognized at a point in time99 %99 %99 %99 %
BDS revenues on contracts with customers, based on the customer's location, consisted of the following:
(Dollars in millions)Nine months ended September 30Three months ended September 30
2024202320242023
Revenue from contracts with customers:
U.S. customers$14,324 $14,686 $4,361 $4,348 
Non-U.S. customers(1)
4,183 3,501 1,175 1,133 
Total segment revenue from contracts with customers$18,507 $18,187 $5,536 $5,481 
Revenue recognized over time99 %99 %99 %99 %
Revenue recognized on fixed-price contracts53 %57 %49 %54 %
Revenue from the U.S. government(1)
91 %91 %92 %94 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
BGS revenues consisted of the following:
(Dollars in millions)Nine months ended September 30Three months ended September 30
2024202320242023
Revenue from contracts with customers:
Commercial$8,782 $8,218 $2,882 $2,799 
Government5,764 5,793 1,935 1,919 
Total revenues from contracts with customers14,546 14,011 4,817 4,718 
Intersegment revenues eliminated on consolidation289 267 84 94 
Total segment revenues$14,835 $14,278 $4,901 $4,812 
Revenue recognized at a point in time53 %51 %53 %52 %
Revenue recognized on fixed-price contracts87 %87 %86 %88 %
Revenue from the U.S. government(1)
29 %31 %29 %30 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
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 September 30, 2024 was $510,509. We expect approximately 19% to be converted to revenue through 2025 and approximately 64% through 2028, with the remainder thereafter. There is significant uncertainty regarding the timing of when backlog will convert into revenue. We may experience reductions to backlog and/or significant order cancellations due to various factors including delivery delays, production disruptions and delays to entry into service of the 777X, 737-7 and/or 737-10.
Unallocated Items, Eliminations and Other
Unallocated items, eliminations and other include common internal services that support Boeing’s global business operations and eliminations of certain sales between segments. We generally allocate costs to business segments based on the U.S. Government Cost Accounting Standards (CAS). Components of Unallocated items, eliminations and other income/(expense) are shown in the following table.
Nine months ended September 30Three months ended September 30
2024202320242023
Share-based plans$118 ($33)$65 $5 
Deferred compensation(100)(71)(51)25 
Amortization of previously capitalized interest(70)(71)(24)(24)
Research and development expense, net(293)(222)(105)(73)
Eliminations and other unallocated items(1,019)(670)(303)(204)
Unallocated items, eliminations and other
($1,364)($1,067)($418)($271)
Eliminations and other unallocated items for the nine months ended September 30, 2024 includes an earnings charge of $244 that reflects a fine that would be paid if an agreement with the U.S. Department of Justice is approved by the federal district court. For additional discussion, see Note 18 to our Condensed Consolidated Financial Statements.
Pension and Other Postretirement Benefit Expense
Pension costs are allocated to BDS and BGS businesses supporting government customers using 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. Components of FAS/CAS service cost adjustment are shown in the following table:
Nine months ended September 30Three months ended September 30
2024202320242023
Pension FAS/CAS service cost adjustment$608 $663 $148 $218 
Postretirement FAS/CAS service cost adjustment224 200 80 63 
FAS/CAS service cost adjustment$832 $863 $228 $281 
Assets
Segment assets are summarized in the table below:
September 30
2024		December 31
2023
Commercial Airplanes$81,050 $77,047 
Defense, Space & Security15,739 14,921 
Global Services16,724 16,193 
Unallocated items, eliminations and other24,182 28,851 
Total$137,695 $137,012 
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 three principal business segments and intercompany eliminations.
v3.24.3
Subsequent Events
 9 Months Ended
Sep. 30, 2024
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On October 11, 2024, we announced that we plan to reduce the size of our total workforce by roughly 10 percent.
On October 14, 2024, we entered into a $10,000 364-day supplemental credit agreement (see Note 12 for additional information).
v3.24.3
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Pay vs Performance Disclosure        
Net loss available to common shareholders $ (6,170) $ (1,636) $ (7,952) $ (2,199)
v3.24.3
Insider Trading Arrangements
 3 Months Ended
Sep. 30, 2024
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.24.3
Basis of Presentation (Policy)
 9 Months Ended
Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
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.
Long-term Contracts
Long-term Contracts
Substantially all contracts at our BDS segment and certain contracts at our Global Services (BGS) segment are long-term contracts with the U.S. government and other customers that generally extend over several years. 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.
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 attributable to Boeing Shareholders, 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 attributable to Boeing Shareholders, less earnings available to participating securities, divided by the diluted weighted average common shares outstanding. Diluted weighted average common shares outstanding is calculated using the treasury stock method.
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.
v3.24.3
Summary of Business Segment Data (Tables)
 9 Months Ended
Sep. 30, 2024
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Schedule of Segment Reporting Information, by Segment
(Dollars in millions)Nine months ended September 30Three months ended September 30
2024202320242023
Revenues:
Commercial Airplanes$18,099 $23,420 $7,443 $7,876 
Defense, Space & Security18,507 18,187 5,536 5,481 
Global Services14,835 14,278 4,901 4,812 
Unallocated items, eliminations and other(166)(109)(40)(65)
Total revenues$51,275 $55,776 $17,840 $18,104 
Loss from operations:
Commercial Airplanes($5,879)($1,676)($4,021)($678)
Defense, Space & Security(3,146)(1,663)(2,384)(924)
Global Services2,620 2,487 834 784 
Segment operating loss(6,405)(852)(5,571)(818)
Unallocated items, eliminations and other(1,364)(1,067)(418)(271)
FAS/CAS service cost adjustment832 863 228 281 
Loss from operations(6,937)(1,056)(5,761)(808)
Other income, net790 919 265 297 
Interest and debt expense(1,970)(1,859)(728)(589)
Loss before income taxes(8,117)(1,996)(6,224)(1,100)
Income tax benefit/(expense)149 (216)50 (538)
Net loss(7,968)(2,212)(6,174)(1,638)
Less: net loss attributable to noncontrolling interest(16)(13)(4)(2)
Net loss attributable to Boeing Shareholders($7,952)($2,199)($6,170)($1,636)
v3.24.3
Basis of Presentation (Tables)
 9 Months Ended
Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [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 changes in estimated losses on unexercised options.
(In millions - except per share amounts)Nine months ended September 30Three months ended September 30
2024202320242023
Decrease to Revenue($1,928)($1,582)($963)($800)
Increase to Loss from operations
($4,322)($2,600)($2,622)($1,252)
Increase to Diluted loss per share
($6.89)($4.76)($4.20)($3.07)
v3.24.3
Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Weighted Average Number of Shares
The elements used in the computation of Basic and Diluted loss per share were as follows:
(In millions - except per share amounts)Nine months ended September 30Three months ended September 30
2024202320242023
Net loss attributable to Boeing Shareholders($7,952)($2,199)($6,170)($1,636)
Less: earnings available to participating securities
Net loss available to common shareholders
($7,952)($2,199)($6,170)($1,636)
Basic
Basic weighted average shares outstanding
616.1 605.0 618.8 607.2 
Less: participating securities(1)
0.3 0.3 0.2 0.3 
Basic weighted average common shares outstanding
615.8 604.7 618.6 606.9 
Diluted
Diluted weighted average shares outstanding
616.1 605.0 618.8 607.2 
Less: participating securities(1)
0.3 0.3 0.2 0.3 
Diluted weighted average common shares outstanding
615.8 604.7 618.6 606.9 
Net loss per share:
Basic
($12.91)($3.64)($9.97)($2.70)
Diluted
(12.91)(3.64)(9.97)(2.70)
(1)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 potential common shares that were not included in the computation of Diluted loss per share because the effect was antidilutive based on their strike price or the performance condition was not met.
(Shares in millions)Nine months ended September 30Three months ended September 30
2024202320242023
Performance restricted stock units0.7 0.7  
Restricted stock units0.7  
Stock options0.8 0.8 0.8 0.7 
v3.24.3
Allowances for Losses on Financial Assets (Tables)
 9 Months Ended
Sep. 30, 2024
Allowance for Losses on Financial Assets [Abstract]  
Schedule of Financial Assets, Allowance for Credit Loss
The changes in allowances for expected credit losses for the nine months ended September 30, 2024 and 2023, consisted of the following:
Accounts receivable Unbilled receivablesOther current assets
Financing receivables
Other assetsTotal
Balance at January 1, 2023($116)($23)($85)($55)($88)($367)
Changes in estimates(8)3 15 4 (16)(2)
Write-offs27 5 32 
Recoveries4 4 
Balance at September 30, 2023
($93)($20)($65)($51)($104)($333)
Balance at January 1, 2024($89)($19)($50)($51)($122)($331)
Changes in estimates(28)(2)(2)41 (66)(57)
Write-offs15 11 26 
Recoveries1 1 
Balance at September 30, 2024
($101)($21)($41)($10)($188)($361)
v3.24.3
Inventories (Tables)
 9 Months Ended
Sep. 30, 2024
Inventory Disclosure [Abstract]  
Schedule of Inventory, Current
Inventories consisted of the following:
September 30
2024		December 31
2023
Commercial aircraft programs$72,101 $68,683 
Long-term contracts in progress164 686 
Capitalized precontract costs(1)
981 946 
Commercial spare parts, used aircraft, general stock materials and other
10,095 9,426 
Total$83,341 $79,741 
(1)Capitalized precontract costs at September 30, 2024 and December 31, 2023, included amounts related to T-7A Red Hawk Production Options, Commercial Crew, and KC-46A Tanker. See Note 10.
v3.24.3
Financing Receivables and Operating Lease Equipment (Tables)
 9 Months Ended
Sep. 30, 2024
Financing Receivables and Operating Lease Equipment [Abstract]  
Schedule of Financing Receivables and Operating Lease Equipment, Net
Financing receivables and operating lease equipment, net consisted of the following:
September 30
2024		December 31
2023
Financing receivables:
Investment in sales-type leases$457 $556 
Notes87 102 
Total financing receivables
544 658 
Less allowance for losses on receivables10 51 
Financing receivables, net534 607 
Operating lease equipment, at cost, less accumulated depreciation of $47 and $70
244 352 
Total$778 $959 
Components of Investment in Sales Type or Finance Leases
The components of investment in sales-type leases consisted of the following:
September 30
2024		December 31
2023
Gross lease payments receivable$497 $697 
Unearned income(40)(162)
Net lease payments receivable457 535 
Unguaranteed residual assets21 
Total$457 $556 
Financing Receivable Credit Quality Indicators
Our financing receivable balances at September 30, 2024 by internal credit rating category and year of origination consisted of the following:
Rating categoriesCurrent2023202220212020PriorTotal
BBB$19 $69 $29 $185 $100 $45 $447 
B87 87 
CCC10 10 
Total carrying value of financing receivables$19 $69 $29 $195 $100 $132 $544 
Schedule of Customer Financing Carrying Values Related to Major Aircraft Concentrations
The majority of our financing receivables and operating lease equipment portfolio is concentrated in the following aircraft models:
September 30
2024		December 31
2023
717 Aircraft (Accounted for as sales-type leases)
$447 $478 
747-8 Aircraft (Primarily accounted for as notes)
97 129 
737 Aircraft (Primarily accounted for as operating leases)
47 156 
777 Aircraft (Accounted for as operating leases)
187 194 
747-400 Aircraft (Accounted for as sales-type leases)
43 
v3.24.3
Investments (Tables)
 9 Months Ended
Sep. 30, 2024
Investments [Abstract]  
Schedule of Investments
Our investments, which are recorded in Short-term and other investments or Investments, consisted of the following:
September 30
2024		December 31
2023
Time deposits (1)
 $2,753 
Equity method investments (2)
$952 966 
Available-for-sale debt investments (1)
505 499 
Equity and other investments61 69 
Restricted cash & cash equivalents (1)(3)
21 22 
Total$1,539 $4,309 
(1)Primarily included in Short-term and other investments on our Condensed Consolidated Statements of Financial Position.
(2)Dividends received were $41 and $4 during the nine and three months ended September 30, 2024, and $28 and $23 during the same periods in prior year.
(3)Reflects amounts restricted in support of our workers’ compensation programs and insurance premiums.
v3.24.3
Liabilities, Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
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 the nine months ended September 30, 2024 and 2023.
20242023
Beginning balance – January 1$1,327 $1,864 
Reductions for payments made(767)(304)
Reductions for concessions and other in-kind considerations(256)(55)
Changes in estimates510 (54)
Ending balance – September 30$814 $1,451 
Schedule of Environmental Remediation Activity
The following table summarizes changes in environmental remediation liabilities during the nine months ended September 30, 2024 and 2023.
20242023
Beginning balance – January 1$844 $752 
Reductions for payments made, net of recoveries(67)(46)
Changes in estimates98 149 
Ending balance – September 30$875 $855 
Schedule of Product Warranty Activity
The following table summarizes changes in product warranty liabilities recorded during the nine months ended September 30, 2024 and 2023.
20242023
Beginning balance – January 1$2,448 $2,275 
Additions for current year deliveries67 121 
Reductions for payments made(297)(258)
Changes in estimates(27)285 
Ending balance – September 30$2,191 $2,423 
Schedule of Contractual Obligation, Fiscal Year Maturity The estimated earliest potential funding dates for these commitments as of September 30, 2024 are as follows:

Total
October through December 2024
$517 
20253,162 
20264,214 
20273,489 
20282,272 
Thereafter3,725 
Total
$17,379 
v3.24.3
Arrangements with Off-Balance Sheet Risk (Tables)
 9 Months Ended
Sep. 30, 2024
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
September 30
2024		December 31
2023		September 30
2024		December 31
2023		September 30
2024		December 31
2023
Contingent repurchase commitments
$342 $404 $342 $404 
Credit guarantees
15 15  $14 $14 
v3.24.3
Postretirement Plans (Tables)
 9 Months Ended
Sep. 30, 2024
Retirement Benefits [Abstract]  
Components of Net Periodic Benefit Cost
The components of net periodic benefit cost/(income) were as follows:
Nine months ended September 30Three months ended September 30
Pension Plans2024202320242023
Service cost$5 $3 $2 $1 
Interest cost1,976 2,115 658 705 
Expected return on plan assets(2,483)(2,581)(827)(861)
Amortization of prior service credits(61)(61)(20)(20)
Recognized net actuarial loss200 125 66 42 
Net periodic benefit income($363)($399)($121)($133)
Net periodic benefit cost included in Loss from operations$5 $3 $2 $1 
Net periodic benefit income included in Other income, net(368)(402)(123)($134)
Net periodic benefit income included in Loss before income taxes
($363)($399)($121)($133)
Nine months ended September 30Three months ended September 30
Other Postretirement Plans2024202320242023
Service cost38 $36 $13 $12 
Interest cost93 111 31 37 
Expected return on plan assets(8)(6)(2)(2)
Amortization of prior service credits(8)(17)(3)(6)
Recognized net actuarial gain(132)(132)(44)(44)
Net periodic benefit income($17)($8)($5)($3)
Net periodic benefit cost included in Loss from operations35 $47 $12 $16 
Net periodic benefit income included in Other income, net(55)(44)(18)(15)
Net periodic benefit (income)/cost included in Loss before income taxes
($20)$3 ($6)$1 
v3.24.3
Shareholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
Changes in Accumulated other comprehensive loss (AOCI) by component for the nine and three months ended September 30, 2024 and 2023, were as follows:
Currency Translation AdjustmentsUnrealized Gains and Losses on Certain Investments
Unrealized Gains and Losses on Derivative Instruments
Defined Benefit Pension Plans & Other Postretirement Benefits
Total (1)
Balance at January 1, 2023($167)($24)($9,359)($9,550)
Other comprehensive (loss)/income before reclassifications
(29)1 (60)(5)(93)
Amounts reclassified from AOCI
2 (67)
(2)
(65)
Net current period Other comprehensive (loss)/income
(29)1 (58)(72)(158)
Balance at September 30, 2023($196)$1 ($82)($9,431)($9,708)
Balance at January 1, 2024($134)$2 $12 ($10,185)($10,305)
Other comprehensive income/(loss) before reclassifications
30 1 (13)(12)6 
Amounts reclassified from AOCI
26 26 
Net current period Other comprehensive income/(loss)
30 1 13 (12)32 
Balance at September 30, 2024($104)$3 $25 ($10,197)($10,273)
Balance at June 30, 2023($157)($51)($9,409)($9,617)
Other comprehensive (loss)/income before reclassifications
(39)1 (35)1 (72)
Amounts reclassified from AOCI
4 (23)
(2)
(19)
Net current period Other comprehensive (loss)/income
(39)1 (31)(22)(91)
Balance at September 30, 2023($196)$1 ($82)($9,431)($9,708)
Balance at June 30, 2024($158)$2 ($38)($10,198)($10,392)
Other comprehensive income before reclassifications
54 1 63 1 119 
Amounts reclassified from AOCI
     
Net current period Other comprehensive income
54 1 63 1 119 
Balance at September 30, 2024($104)$3 $25 ($10,197)($10,273)
(1)     Net of tax.
(2)    Primarily relates to the amortization of prior service credits and actuarial gains included in net periodic benefit cost for the nine and three months ended September 30, 2023 totaling ($67) and ($23) (net of tax of $18 and $5).
v3.24.3
Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The notional amounts and fair values of derivative instruments in the Condensed Consolidated Statements of Financial Position were as follows:
Notional amounts (1)
Other assetsAccrued liabilities
September 30
2024		December 31
2023		September 30
2024		December 31
2023		September 30
2024		December 31
2023
Derivatives designated as hedging instruments:
Foreign exchange contracts$3,838 $4,120 $84 $85 ($50)($63)
Commodity contracts418 514 75 83 (1)(8)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts720 254 10 1 (25)(32)
Commodity contracts33 115  (2)
Total derivatives$5,009 $5,003 $169 $169 ($76)($105)
Netting arrangements(47)(47)47 47 
Net recorded balance$122 $122 ($29)($58)
(1)Notional amounts represent the gross contract/notional amount of the derivatives outstanding.
Schedule of Derivative Instruments, Gains/(Losses) in Statement of Financial Performance
(Losses)/gains associated with our hedging transactions and forward points recognized in Other comprehensive (loss)/income are presented in the following table:
Nine months ended September 30Three months ended September 30

2024202320242023
Recognized in Other comprehensive (loss)/income, net of taxes:
Foreign exchange contracts($18)($30)$57 ($41)
Commodity contracts5 (30)6 6 
Reclassification Out of Accumulated Other Comprehensive Income
(Losses)/gains associated with our hedging transactions and forward points reclassified from AOCI to earnings are presented in the following table:
Nine months ended September 30Three months ended September 30
2024202320242023
Foreign exchange contracts
Costs and expenses($19)($11)($7)($5)
General and administrative expense(13)(21)2 
Commodity contracts
Costs and expenses($6)$24 $6 ($3)
General and administrative expense5 6 2 1 
v3.24.3
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2024
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.

September 30, 2024December 31, 2023
TotalLevel 1Level 2TotalLevel 1Level 2
Assets
Money market funds$3,232 $3,232 $1,514 $1,514 
Available-for-sale debt investments:
Commercial paper205 $205 291 $291 
Corporate notes296 296 183 183 
U.S. and local government agencies17 1725 25 
Other equity investments36 36 44 44 
Derivatives122 122 122 122 
Total assets$3,908 $3,268 $640 $2,179 $1,558 $621 
Liabilities
Derivatives($29)($29)($58)($58)
Total liabilities($29) ($29)($58)($58)
Fair Value, Assets Measured on Nonrecurring Basis Using Unobservable Inputs The following table presents the nonrecurring losses recognized for the nine months ended September 30 due to long-lived asset impairment and the fair value of the related assets as of the impairment date:

20242023
Fair ValueTotal
Losses		Fair ValueTotal
Losses
Investments($30)($11)
Operating lease equipment
$15 (5) 
Property, plant and equipment (10) 
Other assets
 (3) (1)
Total$15 ($48) ($12)
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 period ended September 30, 2024, 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
Unobservable InputRange
Median or Average
Operating lease equipment
$15Market approachAircraft value publications
$21 - $27(1)
Median $23
Aircraft condition adjustments
($8) - $0(2)
Net ($8)
(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.
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 Condensed Consolidated Statements of Financial Position were as follows:

September 30, 2024
Carrying
Amount		Total Fair
Value		Level 1Level 2Level 3
Assets
Notes receivable, net$748 $768 $749 $19 
Liabilities
Debt, excluding finance lease obligations (57,397)(55,821)(55,821)
December 31, 2023
Carrying
Amount		Total Fair
Value		Level 1Level 2Level 3
Assets
Notes receivable, net$257 $270 $270 
Liabilities
Debt, excluding finance lease obligations (52,055)(51,039)(51,039)
v3.24.3
Segment and Revenue Information (Tables)
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Schedule of Disaggregation of Revenue
BCA revenues by customer location consisted of the following:
(Dollars in millions)Nine months ended September 30Three months ended September 30
2024202320242023
Revenue from contracts with customers:
Europe$3,046 $4,443 $1,499 $1,050 
Asia7,028 3,978 2,635 1,623 
Middle East1,618 2,723 444 1,257 
Other non-U.S.1,245 1,719 491 637 
Total non-U.S. revenues12,937 12,863 5,069 4,567 
United States5,512 10,435 2,354 3,260 
Estimated potential concessions and other considerations to 737 MAX customers, net of insurance recoveries
(443)54  28 
Total revenues from contracts with customers18,006 23,352 7,423 7,855 
Intersegment revenues eliminated on consolidation93 68 20 21 
Total segment revenues$18,099 $23,420 $7,443 $7,876 
Revenue recognized on fixed-price contracts100 %100 %100 %100 %
Revenue recognized at a point in time99 %99 %99 %99 %
BDS revenues on contracts with customers, based on the customer's location, consisted of the following:
(Dollars in millions)Nine months ended September 30Three months ended September 30
2024202320242023
Revenue from contracts with customers:
U.S. customers$14,324 $14,686 $4,361 $4,348 
Non-U.S. customers(1)
4,183 3,501 1,175 1,133 
Total segment revenue from contracts with customers$18,507 $18,187 $5,536 $5,481 
Revenue recognized over time99 %99 %99 %99 %
Revenue recognized on fixed-price contracts53 %57 %49 %54 %
Revenue from the U.S. government(1)
91 %91 %92 %94 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
BGS revenues consisted of the following:
(Dollars in millions)Nine months ended September 30Three months ended September 30
2024202320242023
Revenue from contracts with customers:
Commercial$8,782 $8,218 $2,882 $2,799 
Government5,764 5,793 1,935 1,919 
Total revenues from contracts with customers14,546 14,011 4,817 4,718 
Intersegment revenues eliminated on consolidation289 267 84 94 
Total segment revenues$14,835 $14,278 $4,901 $4,812 
Revenue recognized at a point in time53 %51 %53 %52 %
Revenue recognized on fixed-price contracts87 %87 %86 %88 %
Revenue from the U.S. government(1)
29 %31 %29 %30 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
Schedule of Segment, Reconciliation of Other Items from Segments to Consolidated Components of Unallocated items, eliminations and other income/(expense) are shown in the following table.
Nine months ended September 30Three months ended September 30
2024202320242023
Share-based plans$118 ($33)$65 $5 
Deferred compensation(100)(71)(51)25 
Amortization of previously capitalized interest(70)(71)(24)(24)
Research and development expense, net(293)(222)(105)(73)
Eliminations and other unallocated items(1,019)(670)(303)(204)
Unallocated items, eliminations and other
($1,364)($1,067)($418)($271)
Components of Financial Accounting Standards and Cost Accounting Standards Adjustment Components of FAS/CAS service cost adjustment are shown in the following table:
Nine months ended September 30Three months ended September 30
2024202320242023
Pension FAS/CAS service cost adjustment$608 $663 $148 $218 
Postretirement FAS/CAS service cost adjustment224 200 80 63 
FAS/CAS service cost adjustment$832 $863 $228 $281 
Reconciliation of Assets from Segment to Consolidated
Segment assets are summarized in the table below:
September 30
2024		December 31
2023
Commercial Airplanes$81,050 $77,047 
Defense, Space & Security15,739 14,921 
Global Services16,724 16,193 
Unallocated items, eliminations and other24,182 28,851 
Total$137,695 $137,012 
v3.24.3
Summary of Business Segment Data - Schedule of Segment Reporting Information, by Segment (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Segment Reporting Information [Line Items]        
Total revenues $ 17,840 $ 18,104 $ 51,275 $ 55,776
Loss from operations (5,761) (808) (6,937) (1,056)
Other income, net 265 297 790 919
Interest and debt expense (728) (589) (1,970) (1,859)
Loss before income taxes (6,224) (1,100) (8,117) (1,996)
Income tax benefit/(expense) 50 (538) 149 (216)
Net loss (6,174) (1,638) (7,968) (2,212)
Less: net loss attributable to noncontrolling interest (4) (2) (16) (13)
Net loss attributable to Boeing Shareholders (6,170) (1,636) (7,952) (2,199)
Operating Segments        
Segment Reporting Information [Line Items]        
Loss from operations (5,571) (818) (6,405) (852)
Operating Segments | Commercial Airplanes        
Segment Reporting Information [Line Items]        
Total revenues 7,443 7,876 18,099 23,420
Loss from operations (4,021) (678) (5,879) (1,676)
Operating Segments | Defense, Space & Security        
Segment Reporting Information [Line Items]        
Total revenues 5,536 5,481 18,507 18,187
Loss from operations (2,384) (924) (3,146) (1,663)
Operating Segments | Global Services        
Segment Reporting Information [Line Items]        
Total revenues 4,901 4,812 14,835 14,278
Loss from operations 834 784 2,620 2,487
Unallocated items, eliminations and other        
Segment Reporting Information [Line Items]        
Total revenues (40) (65) (166) (109)
Unallocated items, eliminations and other (418) (271) (1,364) (1,067)
FAS/CAS service cost adjustment $ 228 $ 281 $ 832 $ 863
v3.24.3
Basis of Presentation - Narrative (Details) - USD ($)
$ in Millions
 9 Months Ended
Oct. 14, 2024
May 15, 2024
Sep. 30, 2024
Sep. 30, 2023
Oct. 11, 2024
May 01, 2024
Dec. 31, 2023
Basis of Presentation Disclosure [Line Items]              
Net cash provided by (used in) operating activities     $ (8,630) $ 2,579      
Cash, cash equivalents, and short-term investments     10,500        
Debt and lease obligation     $ 57,700       $ 52,300
Line of credit facility, expiration period     5 years        
Supplier finance program, obligation     $ 2,700       2,900
Goodwill     8,112       $ 8,093
Military Aircraft | Defense, Space & Security              
Basis of Presentation Disclosure [Line Items]              
Goodwill     1,295        
Subsequent Event              
Basis of Presentation Disclosure [Line Items]              
Restructuring and related cost, number of positions eliminated, expected percent         10.00%    
Supplemental Credit Agreement | Line of Credit | Subsequent Event              
Basis of Presentation Disclosure [Line Items]              
Line of credit facility, maximum borrowing capacity $ 10,000            
Line of credit facility, expiration period 364 days            
Three Hundred and Sixty Four Day Revolving Credit Facility - Expiring August 2024 | Line of Credit              
Basis of Presentation Disclosure [Line Items]              
Line of credit facility, maximum borrowing capacity   $ 800          
Line of credit facility, expiration period   364 days          
Line of Credit | Revolving Credit Facility              
Basis of Presentation Disclosure [Line Items]              
Debt instrument, unused borrowing capacity, amount     10,000        
Line of credit facility, maximum borrowing capacity     $ 10,000        
Line of Credit | Five Year Credit Facility Expiring - May 2029              
Basis of Presentation Disclosure [Line Items]              
Line of credit facility, maximum borrowing capacity   $ 4,000          
Line of credit facility, expiration period   5 years          
Line of Credit | Five Year Credit Facility - Expiring August 2025              
Basis of Presentation Disclosure [Line Items]              
Line of credit facility, maximum borrowing capacity   $ 3,000          
Line of credit facility, expiration period   3 years          
Line of Credit | Five Year Credit Facility Expiring - August 2028              
Basis of Presentation Disclosure [Line Items]              
Line of credit facility, maximum borrowing capacity   $ 3,000          
Line of credit facility, expiration period   5 years          
Senior Unsecured Notes | Senior Notes              
Basis of Presentation Disclosure [Line Items]              
Debt instrument, face amount           $ 10,000  
v3.24.3
Basis of Presentation - Schedule of Change in Accounting Estimate (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]        
Decrease to Revenue $ (963) $ (800) $ (1,928) $ (1,582)
Increase to Loss from operations $ (2,622) $ (1,252) $ (4,322) $ (2,600)
Increase to Diluted loss per share (in dollars per share) $ (4.20) $ (3.07) $ (6.89) $ (4.76)
v3.24.3
Spirit Acquisition (Details)
$ / shares in Units, $ in Millions
Jun. 30, 2025
USD ($)
$ / shares
shares
Sep. 30, 2025
$ / shares
Sep. 30, 2024
extension_period
Business Acquisition [Line Items]      
Business combination, termination rights, number of three-month extension periods | extension_period     3
Business combination, termination rights, cured duration     30 days
Forecast [Member] | Spirit AeroSystems Holdings, Inc.      
Business Acquisition [Line Items]      
Business combination, consideration transferred | $ $ 4,700    
Business acquisition, share price (in dollars per share) | $ / shares   $ 37.25  
Business acquisition, trading day 15 days    
Business acquisition, seller termination fee | $ $ 150    
Business acquisition, buyer termination fee | $ $ 300    
Forecast [Member] | Spirit AeroSystems Holdings, Inc. | Minimum      
Business Acquisition [Line Items]      
Business acquisition, exchange ratio 18.00%    
Business acquisition, floor price per share (in dollars per share) | $ / shares $ 149.00    
Business acquisition, equity interest issued or issuable, number of shares (in shares) | shares 0.25    
Forecast [Member] | Spirit AeroSystems Holdings, Inc. | Maximum      
Business Acquisition [Line Items]      
Business acquisition, exchange ratio 25.00%    
Business acquisition, ceiling price per share (in dollars per share) | $ / shares $ 206.94    
Business acquisition, equity interest issued or issuable, number of shares (in shares) | shares 0.18    
v3.24.3
Earnings Per Share - Schedule of Weighted Average Number of Shares (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Earnings Per Share [Abstract]        
Net loss available to common shareholders $ (6,170) $ (1,636) $ (7,952) $ (2,199)
Less: earnings available to participating securities
Weighted average shares outstanding, basic (in shares) 618.8 607.2 616.1 605.0
Participating securities (in shares) 0.2 0.3 0.3 0.3
Weighted average common shares outstanding, basic (in shares) 618.6 606.9 615.8 604.7
Weighted average shares outstanding, diluted (in shares) 618.8 607.2 616.1 605.0
Participating securities (in shares) 0.2 0.3 0.3 0.3
Weighted average common shares outstanding, diluted (in shares) 618.6 606.9 615.8 604.7
Net loss per share, basic (in dollars per share) $ (9.97) $ (2.70) $ (12.91) $ (3.64)
Net loss per share, diluted (in dollars per share) $ (9.97) $ (2.70) $ (12.91) $ (3.64)
v3.24.3
Earnings Per Share - Schedule of Weighted Average Number of Shares Outstanding Excluded from the Computation of Diluted Earnings Per Share (Details) - shares
shares in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Shares excluded from the computation of diluted earnings (in shares) 2.9 6.2 2.9 5.6
Performance restricted stock units | Antidilutive or Performance Condition not met        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Shares excluded from the computation of diluted earnings (in shares) 0.7 0.7
Restricted stock units | Antidilutive or Performance Condition not met        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Shares excluded from the computation of diluted earnings (in shares) 0.7
Stock options | Antidilutive or Performance Condition not met        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Shares excluded from the computation of diluted earnings (in shares) 0.8 0.7 0.8 0.8
v3.24.3
Earnings Per Share - Narrative (Details) - shares
shares in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Earnings Per Share [Abstract]        
Shares excluded from the computation of diluted earnings (in shares) 2.9 6.2 2.9 5.6
v3.24.3
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Valuation Allowance [Line Items]        
Effective income tax rate reconciliation, estimated tax rate   1.90%    
Effective income tax rate 0.80% 1.80% (10.80%)  
Valuation allowance       $ 4,550
Income tax expense (benefit), earnings of foreign subsidiaries no longer permanently reinvested $ 13      
Minimum        
Valuation Allowance [Line Items]        
Deferred tax liability, valuation allowance measurement duration       5 years
Deferred tax asset, valuation allowance measurement duration       15 years
Maximum        
Valuation Allowance [Line Items]        
Deferred tax liability, valuation allowance measurement duration       10 years
Deferred tax asset, valuation allowance measurement duration       20 years
v3.24.3
Allowances for Losses on Financial Assets - Schedule of Financial Assets, Allowance for Credit Loss (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]    
Account receivable, allowance for credit loss, beginning balance $ (89) $ (116)
Unbilled receivables, allowance for credit loss, beginning balance (19) (23)
Allowance for credit loss, beginning balance (331) (367)
Customer financing, allowance for credit loss, beginning balance (51) (55)
Accounts receivable, changes in estimates (28) (8)
Unbilled receivables, changes in estimates (2) 3
Changes in estimates (57) (2)
Customer financing, changes in estimates 41 4
Accounts receivable, write-offs 15 27
Write-offs 26 32
Accounts receivable, recovery 1 4
Recoveries 1 4
Account receivable, allowance for credit loss, ending balance (101) (93)
Unbilled receivables, allowance for credit loss, ending balance (21) (20)
Allowance for credit loss, ending balance (361) (333)
Customer financing, allowance for credit loss, ending balance (10) (51)
Other current assets    
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]    
Allowance for credit loss, beginning balance (50) (85)
Allowance for credit loss, ending balance (41) (65)
Other assets    
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]    
Allowance for credit loss, beginning balance (122) (88)
Allowance for credit loss, ending balance (188) (104)
Other current assets    
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]    
Changes in estimates (2) 15
Write-offs 11 5
Other assets    
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]    
Changes in estimates $ (66) $ (16)
v3.24.3
Inventories - Schedule of Inventory, Current (Details) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Inventory Disclosure [Abstract]    
Commercial aircraft programs $ 72,101 $ 68,683
Long-term contracts in progress 164 686
Capitalized precontract costs 981 946
Commercial spare parts, used aircraft, general stock materials and other 10,095 9,426
Total $ 83,341 $ 79,741
v3.24.3
Inventories - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Inventory [Line Items]        
777X and 767 reach-forward losses   $ 3,006  
Early Issue Sales Consideration        
Inventory [Line Items]        
Inventory subject to uncertainty $ 4,716 4,716   $ 4,126
Airplane Program 737        
Inventory [Line Items]        
Amount of deferred costs related to commercial aircraft programs 8,670 8,670   6,011
Unamortized tooling and other non-recurring costs 879 879   792
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from firm orders at the balance sheet date 9,505 9,505    
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from future orders 44 44    
Airplane Program 777x        
Inventory [Line Items]        
Amount of deferred costs related to commercial aircraft programs 552 552   1,792
Unamortized tooling and other non-recurring costs 4,255 4,255   4,063
Inventory, work in process 3,818 3,818   4,638
Abnormal production costs   0 442  
777X and 767 reach-forward losses 2,608      
Airplane Program 787        
Inventory [Line Items]        
Amount of deferred costs related to commercial aircraft programs 12,452 12,452   12,384
Unamortized tooling and other non-recurring costs 1,402 1,402   1,480
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from firm orders at the balance sheet date 11,403 11,403    
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from future orders 2,451 2,451    
Abnormal production costs   209 $ 937  
Supplier advances $ 1,394 $ 1,394   $ 1,764
v3.24.3
Contracts with Customers - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]          
Unbilled receivables, net $ 9,356   $ 9,356   $ 8,317
Advances and progress billings 57,931   57,931   $ 56,328
Contract with customer, liability, revenue recognized $ 3,927 $ 3,717 $ 11,804 $ 11,602  
v3.24.3
Financing Receivables and Operating Lease Equipment - Schedule of Financing Receivables and Operating Lease Equipment, Net (Details) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Sep. 30, 2023
Dec. 31, 2022
Financing Receivables and Operating Lease Equipment [Abstract]        
Investment in sales-type leases $ 457 $ 556    
Notes 87 102    
Total financing receivables 544 658    
Less allowance for losses on receivables 10 51 $ 51 $ 55
Financing receivables, net 534 607    
Operating lease equipment, at cost, less accumulated depreciation of $47 and $70 244 352    
Total 778 959    
Operating lease equipment, accumulated depreciation $ 47 $ 70    
v3.24.3
Financing Receivables and Operating Lease Equipment - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Financing Receivables and Operating Lease Equipment [Line Items]          
Investment in sales-type leases $ 457   $ 457   $ 556
Financing receivable, nonaccrual, no allowance 10   10   $ 44
Financing receivable, nonaccrual, interest income 1 $ 60 5 $ 122  
Sales-type and direct financing leases, lease income 18 14 39 43  
Operating lease, lease income 13 18 45 45  
Sales-type and direct financing leases, profit (loss) 5 $ 4 9 $ 24  
Repaid In One Year Or Less          
Financing Receivables and Operating Lease Equipment [Line Items]          
Investment in sales-type leases $ 447   $ 447    
Lessor, sales-type lease, term (in years)     1 year    
CCC          
Financing Receivables and Operating Lease Equipment [Line Items]          
Percentage of credit default rates applied to customers 100.00%   100.00%    
B          
Financing Receivables and Operating Lease Equipment [Line Items]          
Percentage of credit default rates applied to customers 0.00%   0.00%    
BBB          
Financing Receivables and Operating Lease Equipment [Line Items]          
Percentage of credit default rates applied to customers 0.10%   0.10%    
Minimum          
Financing Receivables and Operating Lease Equipment [Line Items]          
Financing receivable, term 1 year   1 year    
Maximum          
Financing Receivables and Operating Lease Equipment [Line Items]          
Financing receivable, term 8 years   8 years    
v3.24.3
Financing Receivables and Operating Lease Equipment - Components of Investment in Sales-Type or Finance Leases (Details) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Receivables [Abstract]    
Gross lease payments receivable $ 497 $ 697
Unearned income (40) (162)
Net lease payments receivable 457 535
Unguaranteed residual assets 21
Investment in sales-type leases $ 457 $ 556
v3.24.3
Financing Receivables and Operating Lease Equipment - Financing Receivable Credit Quality Indicators (Details) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]    
Current $ 19  
2023 69  
2022 29  
2021 195  
2020 100  
Prior 132  
Total financing receivables 544 $ 658
BBB    
Financing Receivable, Credit Quality Indicator [Line Items]    
Current 19  
2023 69  
2022 29  
2021 185  
2020 100  
Prior 45  
Total financing receivables 447  
B    
Financing Receivable, Credit Quality Indicator [Line Items]    
Current  
2023  
2022  
2021  
2020  
Prior 87  
Total financing receivables 87  
CCC    
Financing Receivable, Credit Quality Indicator [Line Items]    
Current  
2023  
2022  
2021 10  
2020  
Prior  
Total financing receivables $ 10  
v3.24.3
Financing Receivables and Operating Lease Equipment - Schedule of Customer Financing Carrying Values Related to Major Aircraft Concentrations (Details) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
B-717    
Financing Receivables and Operating Lease Equipment [Line Items]    
Gross customer financing $ 447 $ 478
B747-8    
Financing Receivables and Operating Lease Equipment [Line Items]    
Gross customer financing 97 129
B-737    
Financing Receivables and Operating Lease Equipment [Line Items]    
Gross customer financing 47 156
B-777    
Financing Receivables and Operating Lease Equipment [Line Items]    
Gross customer financing 187 194
B747-400    
Financing Receivables and Operating Lease Equipment [Line Items]    
Gross customer financing $ 43
v3.24.3
Investments - Schedule of Investments (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Investments [Abstract]          
Time deposits     $ 2,753
Equity method investments 952   952   966
Available-for-sale debt investments 505   505   499
Equity and other investments 61   61   69
Restricted cash & cash equivalents 21 $ 21 21 $ 21 22
Total 1,539   1,539   $ 4,309
Dividends received $ 4 $ 23 $ 41 $ 28  
v3.24.3
Investments - Narrative (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Net Investment Income [Line Items]    
Payments to acquire investments $ 1,751 $ 14,485
Proceeds from investments 4,546 10,497
Time Deposits    
Net Investment Income [Line Items]    
Payments to acquire investments 1,298 13,964
Proceeds from investments $ 4,053 $ 10,022
v3.24.3
Liabilities, Commitments and Contingencies - Narrative (Details)
$ in Millions
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
USD ($)
lot
aircraft
Jun. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
aircraft
Sep. 30, 2023
USD ($)
Sep. 30, 2018
USD ($)
aircraft
Sep. 30, 2024
USD ($)
lot
aircraft
Sep. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2018
USD ($)
aircraft
simulator
lot
Dec. 31, 2011
lot
aircraft
tanker
Commitments And Contingencies [Line Items]                    
Environmental loss contingency, operation and maintenance period, maximum           30 years        
Loss contingency, range of possible loss, portion not accrued $ 997         $ 997   $ 1,030    
Contingent liabilities on outstanding letters of credit agreements and surety bonds 2,912         2,912   4,548    
Supplier finance program, obligation 2,700         2,700   2,900    
Increase to Loss from operations (2,622)     $ (1,252)   (4,322) $ (2,600)      
Number of annual production lot | lot                   13
2023                    
Commitments And Contingencies [Line Items]                    
Changes in estimates           171        
VC-25B                    
Commitments And Contingencies [Line Items]                    
Contract value $ 4,000         $ 4,000        
Number of commercial aircraft | aircraft 2         2        
Increase to Loss from operations   $ (250)           (482)    
KC-46A Tanker                    
Commitments And Contingencies [Line Items]                    
Contract value $ 27,000         $ 27,000        
Increase to Loss from operations $ (661) (391) $ (128)         (309)    
Number of generation aerial refueling tanker | tanker                   4
Number of aircraft | aircraft 139         139       179
Number of low rate initial production lot | lot 10         10        
MQ-25                    
Commitments And Contingencies [Line Items]                    
Contract value         $ 890          
Increase to Loss from operations $ (217)       $ 291     (231)    
Number of aircraft | aircraft         7          
Cost-type contract modification, awarded amount     $ 657              
Number of additional test aircraft | aircraft     2              
T-7A EMD                    
Commitments And Contingencies [Line Items]                    
Contract value                 $ 860  
Number of aircraft | aircraft 4         4     5  
Number of simulator | simulator                 7  
Services probable of being exercised, number of aircrafts | aircraft                 346  
T-7A Production                    
Commitments And Contingencies [Line Items]                    
Number of annual production lot | lot 4         4     11  
T-7A EMD and Production                    
Commitments And Contingencies [Line Items]                    
Increase to Loss from operations $ (908) (278) $ (94)         (275)    
Commercial Crew                    
Commitments And Contingencies [Line Items]                    
Increase to Loss from operations $ (250) $ (125)           (288)    
Minimum | Supplier Finance Program, Majority of Amounts Payable                    
Commitments And Contingencies [Line Items]                    
Supplier finance program, payment timing, period 30 days         30 days        
Maximum                    
Commitments And Contingencies [Line Items]                    
Supplier finance program, payment timing, period 12 months         12 months        
Maximum | Supplier Finance Program, Majority of Amounts Payable                    
Commitments And Contingencies [Line Items]                    
Supplier finance program, payment timing, period 90 days         90 days        
Commercial Aircraft Commitments | Total Contractual Trade-In Commitment                    
Commitments And Contingencies [Line Items]                    
Other commitment $ 1,325         $ 1,325   1,415    
Commercial Aircraft Commitments | Net Amounts Payable to Customers Related to Probable Contractual Trade-In Commitments                    
Commitments And Contingencies [Line Items]                    
Other commitment 431         431   407    
Commercial Aircraft Commitments | Fair Value of Trade in Value of Aircraft                    
Commitments And Contingencies [Line Items]                    
Other commitment 428         428   407    
Financing Commitment                    
Commitments And Contingencies [Line Items]                    
Other commitment 17,379         17,379   $ 17,003    
Financing Commitment | External Credit Rating, Non Investment Grade                    
Commitments And Contingencies [Line Items]                    
Other commitment 14,053         14,053        
Joint Venture                    
Commitments And Contingencies [Line Items]                    
Other commitment $ 261         $ 261        
Other commitment, period 8 years         8 years        
Contingent on Customer Negotiations                    
Commitments And Contingencies [Line Items]                    
737 MAX customer concessions and other considerations liability $ 92         $ 92        
Alaska Airlines 737-9 Accident and 737-9 Grounding                    
Commitments And Contingencies [Line Items]                    
Revenue from contract with customer, excluding assessed tax     $ 443              
Capitalized Precontract Costs | KC-46A Tanker                    
Commitments And Contingencies [Line Items]                    
Capitalized precontract costs 137         137        
Capitalized Precontract Costs | T-7A Production                    
Commitments And Contingencies [Line Items]                    
Capitalized precontract costs 285         285        
Capitalized Precontract Costs | Commercial Crew                    
Commitments And Contingencies [Line Items]                    
Capitalized precontract costs 240         240        
Potential Termination Liabilities | KC-46A Tanker                    
Commitments And Contingencies [Line Items]                    
Capitalized precontract costs 313         313        
Potential Termination Liabilities | T-7A Production                    
Commitments And Contingencies [Line Items]                    
Capitalized precontract costs 594         594        
Potential Termination Liabilities | Commercial Crew                    
Commitments And Contingencies [Line Items]                    
Capitalized precontract costs $ 257         $ 257        
v3.24.3
Liabilities, Commitments and Contingencies - Schedule of 737 Max Customer Concessions and Other Considerations Liability (Details) - B-737 - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Customer Concession And Other Consideration Liability [Roll Forward]    
Beginning balance – January 1 $ 1,327 $ 1,864
Reductions for payments made (767) (304)
Reductions for concessions and other in-kind considerations (256) (55)
Changes in estimates 510 (54)
Ending balance – September 30 $ 814 $ 1,451
v3.24.3
Liabilities, Commitments and Contingencies - Schedule of Environmental Remediation Activity (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Environmental [Roll Forward]    
Beginning balance – January 1 $ 844 $ 752
Reductions for payments made, net of recoveries (67) (46)
Changes in estimates 98 149
Ending balance – September 30 $ 875 $ 855
v3.24.3
Liabilities, Commitments and Contingencies - Schedule of Product Warranty Activity (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Product Warranties [Roll Forward]    
Beginning balance – January 1 $ 2,448 $ 2,275
Additions for current year deliveries 67 121
Reductions for payments made (297) (258)
Changes in estimates (27) 285
Ending balance – September 30 $ 2,191 $ 2,423
v3.24.3
Liabilities, Commitments and Contingencies - Schedule of Contractual Obligation, Fiscal Year Maturity (Details) - Financing Commitment - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Financing Commitments [Line Items]    
October through December 2024 $ 517  
2025 3,162  
2026 4,214  
2027 3,489  
2028 2,272  
Thereafter 3,725  
Total $ 17,379 $ 17,003
v3.24.3
Arrangements with Off-Balance Sheet Risk - Schedule of Guarantor Obligations (Details) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Contingent repurchase commitments    
Guarantor Obligations [Line Items]    
Maximum Potential Payments $ 342 $ 404
Estimated Proceeds from Collateral/Recourse 342 404
Carrying Amount of  Liabilities
Credit guarantees    
Guarantor Obligations [Line Items]    
Maximum Potential Payments 15 15
Estimated Proceeds from Collateral/Recourse
Carrying Amount of  Liabilities $ 14 $ 14
v3.24.3
Arrangements with Off-Balance Sheet Risk - Narrative (Details) - Contingent repurchase commitments
Sep. 30, 2024
Minimum  
Guarantor Obligations [Line Items]  
Guarantor obligations, repurchase commitment, period post delivery 10 years
Maximum  
Guarantor Obligations [Line Items]  
Guarantor obligations, repurchase commitment, period post delivery 15 years
v3.24.3
Debt - Narrative (Details)
$ in Billions
 9 Months Ended
Oct. 14, 2024
USD ($)
draw
May 15, 2024
USD ($)
Sep. 30, 2024
USD ($)
May 01, 2024
USD ($)
Debt Instrument [Line Items]        
Line of credit facility, expiration period     5 years  
Three Hundred and Sixty Four Day Revolving Credit Facility - Expiring August 2024 | Line of Credit        
Debt Instrument [Line Items]        
Line of credit facility, maximum borrowing capacity   $ 0.8    
Line of credit facility, expiration period   364 days    
Supplemental Credit Agreement | Subsequent Event | Line of Credit        
Debt Instrument [Line Items]        
Line of credit facility, maximum borrowing capacity $ 10.0      
Line of credit facility, expiration period 364 days      
Line of credit facility, number of maximum draws | draw 5      
Line of credit facility, minimum amount per draw $ 2.0      
Line of credit facility, funding fee percentage 0.50%      
Supplemental Credit Agreement | Subsequent Event | Fed Funds Effective Rate Overnight Index Swap Rate | Line of Credit        
Debt Instrument [Line Items]        
Debt instrument, basis spread on variable rate 0.50%      
Supplemental Credit Agreement | Subsequent Event | Secured Overnight Financing Rate (SOFR) | Variable Rate Component One | Line of Credit        
Debt Instrument [Line Items]        
Debt instrument, basis spread on variable rate 1.00%      
Supplemental Credit Agreement | Subsequent Event | Minimum | Line of Credit        
Debt Instrument [Line Items]        
Line of credit facility, expiration period 120 days      
Line of credit facility, duration fee percentage 0.50%      
Line of credit facility, payable period 90 days      
Supplemental Credit Agreement | Subsequent Event | Minimum | Secured Overnight Financing Rate (SOFR) | Variable Rate Component One | Line of Credit        
Debt Instrument [Line Items]        
Debt instrument, basis spread on variable rate 0.375%      
Supplemental Credit Agreement | Subsequent Event | Minimum | Secured Overnight Financing Rate (SOFR) | Variable Rate Component Two | Line of Credit        
Debt Instrument [Line Items]        
Debt instrument, basis spread on variable rate 1.375%      
Supplemental Credit Agreement | Subsequent Event | Maximum | Line of Credit        
Debt Instrument [Line Items]        
Line of credit facility, expiration period 364 days      
Line of credit facility, duration fee percentage 1.00%      
Line of credit facility, payable period 270 days      
Supplemental Credit Agreement | Subsequent Event | Maximum | Secured Overnight Financing Rate (SOFR) | Variable Rate Component One | Line of Credit        
Debt Instrument [Line Items]        
Debt instrument, basis spread on variable rate 1.00%      
Supplemental Credit Agreement | Subsequent Event | Maximum | Secured Overnight Financing Rate (SOFR) | Variable Rate Component Two | Line of Credit        
Debt Instrument [Line Items]        
Debt instrument, basis spread on variable rate 2.00%      
Line of Credit | Five Year Credit Facility Expiring - May 2029        
Debt Instrument [Line Items]        
Line of credit facility, maximum borrowing capacity   $ 4.0    
Line of credit facility, expiration period   5 years    
Line of Credit | Five Year Credit Facility - Expiring October 2024        
Debt Instrument [Line Items]        
Line of credit facility, maximum borrowing capacity   $ 3.2    
Line of credit facility, expiration period   5 years    
Line of Credit | Five Year Credit Facility - Expiring August 2025        
Debt Instrument [Line Items]        
Line of credit facility, maximum borrowing capacity   $ 3.0    
Line of credit facility, expiration period   3 years    
Line of Credit | Five Year Credit Facility Expiring - August 2028        
Debt Instrument [Line Items]        
Line of credit facility, maximum borrowing capacity   $ 3.0    
Line of credit facility, expiration period   5 years    
Line of Credit | Revolving Credit Facility        
Debt Instrument [Line Items]        
Line of credit facility, maximum borrowing capacity     $ 10.0  
Senior Unsecured Notes | Senior Notes        
Debt Instrument [Line Items]        
Debt instrument, face amount       $ 10.0
Unsecured Senior Notes Due May 2027 | Senior Notes        
Debt Instrument [Line Items]        
Long-term debt, gross       $ 1.0
Debt instrument, interest rate, stated percentage       6.259%
Unsecured Senior Notes Due May 2029 | Senior Notes        
Debt Instrument [Line Items]        
Long-term debt, gross       $ 1.5
Debt instrument, interest rate, stated percentage       6.298%
Unsecured Senior Notes Due May 2031 | Senior Notes        
Debt Instrument [Line Items]        
Long-term debt, gross       $ 1.0
Debt instrument, interest rate, stated percentage       6.388%
Unsecured Senior Notes Due May 2034 | Senior Notes        
Debt Instrument [Line Items]        
Long-term debt, gross       $ 2.5
Debt instrument, interest rate, stated percentage       6.528%
Unsecured Senior Notes Due May 2054 | Senior Notes        
Debt Instrument [Line Items]        
Long-term debt, gross       $ 2.5
Debt instrument, interest rate, stated percentage       6.858%
Unsecured Senior Notes Due May 2064 | Senior Notes        
Debt Instrument [Line Items]        
Long-term debt, gross       $ 1.5
Debt instrument, interest rate, stated percentage       7.008%
v3.24.3
Postretirement Plans - Components of Net Periodic Benefit Cost (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Pension        
Defined Benefit Plan Disclosure [Line Items]        
Service cost $ 2 $ 1 $ 5 $ 3
Interest cost 658 705 1,976 2,115
Expected return on plan assets (827) (861) (2,483) (2,581)
Amortization of prior service credits (20) (20) (61) (61)
Recognized net actuarial loss 66 42 200 125
Net periodic benefit income (121) (133) (363) (399)
Postretirement        
Defined Benefit Plan Disclosure [Line Items]        
Service cost 13 12 38 36
Interest cost 31 37 93 111
Expected return on plan assets (2) (2) (8) (6)
Amortization of prior service credits (3) (6) (8) (17)
Recognized net actuarial loss (44) (44) (132) (132)
Net periodic benefit income (5) (3) (17) (8)
Operating Income (Loss) | Pension        
Defined Benefit Plan Disclosure [Line Items]        
Net periodic benefit (income)/cost included in (loss)/earnings from operations, other income, and loss before income taxes 2 1 5 3
Operating Income (Loss) | Postretirement        
Defined Benefit Plan Disclosure [Line Items]        
Net periodic benefit (income)/cost included in (loss)/earnings from operations, other income, and loss before income taxes 12 16 35 47
Other Income | Pension        
Defined Benefit Plan Disclosure [Line Items]        
Net periodic benefit (income)/cost included in (loss)/earnings from operations, other income, and loss before income taxes (123) (134) (368) (402)
Other Income | Postretirement        
Defined Benefit Plan Disclosure [Line Items]        
Net periodic benefit (income)/cost included in (loss)/earnings from operations, other income, and loss before income taxes (18) (15) (55) (44)
Operating Income (Loss) Before Taxes | Pension        
Defined Benefit Plan Disclosure [Line Items]        
Net periodic benefit (income)/cost included in (loss)/earnings from operations, other income, and loss before income taxes (121) (133) (363) (399)
Operating Income (Loss) Before Taxes | Postretirement        
Defined Benefit Plan Disclosure [Line Items]        
Net periodic benefit (income)/cost included in (loss)/earnings from operations, other income, and loss before income taxes $ (6) $ 1 $ (20) $ 3
v3.24.3
Share-Based Compensation and Other Compensation Arrangements - Narrative (Details) - $ / shares
Mar. 11, 2024
Feb. 20, 2024
Restricted stock units    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Granted (in shares) 125,432 2,008,499
Granted in period, weighted average grant date fair value (in shares) $ 192.94 $ 204.15
Performance Restricted Stock Units (PRSU)    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Granted (in shares) 153,306  
Granted in period, weighted average grant date fair value (in shares) $ 192.94  
Performance Restricted Stock Units (PRSU) | Minimum    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Award payout percentage 0.00%  
Performance Restricted Stock Units (PRSU) | Maximum    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Award payout percentage 200.00%  
v3.24.3
Shareholders' Equity - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Beginning balance     $ (10,305)  
Other comprehensive (loss)/income before reclassifications $ 119 $ (72) 6 $ (93)
Amounts reclassified from AOCI (19) 26 (65)
Net current period Other comprehensive income/(loss) 119 (91) 32 (158)
Ending balance (10,273)   (10,273)  
Other comprehensive (income) loss, defined benefit plan, reclassification adjustment from AOCI, after tax   (23)   (67)
Other comprehensive (income) loss, defined benefit plan, reclassification adjustment from AOCI, tax   (5)   (18)
Accumulated Other Comprehensive Loss        
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Beginning balance (10,392) (9,617) (10,305) (9,550)
Ending balance (10,273) (9,708) (10,273) (9,708)
Currency Translation Adjustments        
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Beginning balance (158) (157) (134) (167)
Other comprehensive (loss)/income before reclassifications 54 (39) 30 (29)
Amounts reclassified from AOCI
Net current period Other comprehensive income/(loss) 54 (39) 30 (29)
Ending balance (104) (196) (104) (196)
Unrealized Gains and Losses on Certain Investments        
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Beginning balance 2 2
Other comprehensive (loss)/income before reclassifications 1 1 1 1
Amounts reclassified from AOCI
Net current period Other comprehensive income/(loss) 1 1 1 1
Ending balance 3 1 3 1
Unrealized Gains and Losses on Derivative Instruments        
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Beginning balance (38) (51) 12 (24)
Other comprehensive (loss)/income before reclassifications 63 (35) (13) (60)
Amounts reclassified from AOCI 4 26 2
Net current period Other comprehensive income/(loss) 63 (31) 13 (58)
Ending balance 25 (82) 25 (82)
Defined Benefit Pension Plans & Other Postretirement Benefits        
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Beginning balance (10,198) (9,409) (10,185) (9,359)
Other comprehensive (loss)/income before reclassifications 1 1 (12) (5)
Amounts reclassified from AOCI (23) (67)
Net current period Other comprehensive income/(loss) 1 (22) (12) (72)
Ending balance $ (10,197) $ (9,431) $ (10,197) $ (9,431)
v3.24.3
Derivative Financial Instruments - Schedule of Derivative Instruments in Statement of Financial Position, Fair Value (Details) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Derivative [Line Items]    
Derivative, notional amount $ 5,009 $ 5,003
Other assets 169 169
Accrued liabilities (76) (105)
Netting arrangement, other assets (47) (47)
Netting arrangement, accrued liabilities 47 47
Net recorded balance, other assets 122 122
Net recorded balance, accrued liabilities $ (29) $ (58)
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
Designated as Hedging Instrument | Foreign exchange contracts    
Derivative [Line Items]    
Derivative, notional amount $ 3,838 $ 4,120
Other assets 84 85
Accrued liabilities (50) (63)
Designated as Hedging Instrument | Commodity contracts    
Derivative [Line Items]    
Derivative, notional amount 418 514
Other assets 75 83
Accrued liabilities (1) (8)
Not Designated as Hedging Instrument | Foreign exchange contracts    
Derivative [Line Items]    
Derivative, notional amount 720 254
Other assets 10 1
Accrued liabilities (25) (32)
Not Designated as Hedging Instrument | Commodity contracts    
Derivative [Line Items]    
Derivative, notional amount 33 115
Other assets
Accrued liabilities $ (2)
v3.24.3
Derivative Financial Instruments - Schedule of Derivative Instruments, Gains/(Losses) in Statement of Financial Performance (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Foreign exchange contracts        
Derivative [Line Items]        
Recognized in Other comprehensive income/(loss), net of taxes $ 57 $ (41) $ (18) $ (30)
Commodity contracts        
Derivative [Line Items]        
Recognized in Other comprehensive income/(loss), net of taxes $ 6 $ 6 $ 5 $ (30)
v3.24.3
Derivative Financial Instruments - Reclassification Out of Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Costs and expenses        
Derivative [Line Items]        
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax $ 6 $ (3) $ (6) $ 24
General and administrative expense        
Derivative [Line Items]        
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax 2 1 5 6
Costs and expenses        
Derivative [Line Items]        
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax (7) (5) (19) (11)
General and administrative expense        
Derivative [Line Items]        
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax $ 2 $ (13) $ (21)
v3.24.3
Derivative Financial Instruments - Narrative (Details)
$ in Millions
 9 Months Ended
Sep. 30, 2024
USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Cash flow hedge loss to be reclassified within 12 Months $ 24
Line of credit facility, expiration period 5 years
Derivative, maturity 5 years
Derivative, net liability position, aggregate fair value $ 3
v3.24.3
Fair Value Measurements - Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Corporate notes $ 505 $ 499
Derivatives 122 122
Derivatives (29) (58)
Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Money market funds 3,232 1,514
Commercial paper 205 291
Corporate notes 296 183
U.S. and local government agencies 17 25
Other equity investments 36 44
Derivatives 122 122
Total assets 3,908 2,179
Derivatives (29) (58)
Total liabilities (29) (58)
Fair Value, Recurring | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Money market funds 3,232 1,514
Other equity investments 36 44
Total assets 3,268 1,558
Fair Value, Recurring | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Commercial paper 205 291
Corporate notes 296 183
U.S. and local government agencies 17 25
Derivatives 122 122
Total assets 640 621
Derivatives (29) (58)
Total liabilities $ (29) $ (58)
v3.24.3
Fair Value Measurements - Fair Value, Assets Measured on Nonrecurring Basis Using Unobservable Inputs (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Nonrecurring fair value losses $ (48) $ (12)
Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value 15
Nonrecurring fair value losses (48) (12)
Investments | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value
Nonrecurring fair value losses (30) (11)
Operating lease equipment | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value 15
Nonrecurring fair value losses (5)
Property, plant and equipment | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value
Nonrecurring fair value losses (10)
Other assets | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value
Nonrecurring fair value losses $ (3) $ (1)
v3.24.3
Fair Value Measurements - Fair Value, Assets Measured on Nonrecurring Basis, Valuation Techniques (Details) - USD ($)
$ in Millions
Sep. 30, 2024
Sep. 30, 2023
Fair Value, Nonrecurring    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 15
Fair Value, Nonrecurring | Operating lease equipment    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 15
Valuation, Market Approach | Aircraft value publications    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range Median or Average 23  
Valuation, Market Approach | Aircraft condition adjustments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range Median or Average (8)  
Valuation, Market Approach | Minimum | Aircraft value publications    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range Median or Average 21  
Valuation, Market Approach | Minimum | Aircraft condition adjustments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range Median or Average (8)  
Valuation, Market Approach | Maximum | Aircraft value publications    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range Median or Average 27  
Valuation, Market Approach | Maximum | Aircraft condition adjustments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range Median or Average 0  
Valuation, Market Approach | Level 3 | Fair Value, Nonrecurring | Operating lease equipment    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 15  
v3.24.3
Fair Value Measurements - Fair Values and Related Carrying Values of Financial Instruments (Details) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Notes receivable, net, carrying amount $ 748 $ 257
Notes receivable, net, fair value 768 270
Debt, excluding capital lease obligations, carrying amount (57,397) (52,055)
Debt, excluding capital lease obligations, fair value (55,821) (51,039)
Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Notes receivable, net, fair value 749 270
Debt, excluding capital lease obligations, fair value (55,821) $ (51,039)
Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Notes receivable, net, fair value $ 19  
v3.24.3
Legal Proceedings - Narrative (Details) - USD ($)
$ in Millions
 1 Months Ended 12 Months Ended
Jul. 24, 2024
Jul. 07, 2024
Oct. 23, 2024
Dec. 31, 2019
Commitments And Contingencies [Line Items]        
Loss contingency, settlement agreement, additional fine $ 244 $ 244    
Loss contingency, settlement agreement, minimum investment commitment $ 455      
Loss contingency, settlement agreement, investment commitment, period 3 years      
Loss contingency, settlement agreement, appointment of compliance monitor, period 3 years      
Controlling interest ownership percentage after acquisition       80.00%
Payments to acquire interest in joint venture       $ 4,200
Subsequent Event        
Commitments And Contingencies [Line Items]        
Payments for legal settlements     $ 150  
v3.24.3
Segment and Revenue Information - Narrative (Details)
$ in Millions
 9 Months Ended
Jul. 24, 2024
USD ($)
Jul. 07, 2024
USD ($)
Sep. 30, 2024
USD ($)
segment
Segment Reporting Information [Line Items]      
Number of reportable segments | segment     3
Revenue, remaining performance obligation, amount     $ 510,509
Loss contingency, settlement agreement, additional fine $ 244 $ 244  
Within Next Fiscal Year      
Segment Reporting Information [Line Items]      
Revenue, remaining performance obligation, percent recognized     19.00%
Within Next 4 Fiscal Years      
Segment Reporting Information [Line Items]      
Revenue, remaining performance obligation, percent recognized     64.00%
v3.24.3
Segment and Revenue Information - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Disaggregation of Revenue [Line Items]        
Total revenues $ 17,840 $ 18,104 $ 51,275 $ 55,776
Commercial Airplanes | Operating Segments        
Disaggregation of Revenue [Line Items]        
Total revenues 7,443 7,876 18,099 23,420
Commercial Airplanes | Operating Segments | Total revenues from contracts with customers        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax $ 7,423 $ 7,855 $ 18,006 $ 23,352
Commercial Airplanes | Operating Segments | 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% 100.00%
Commercial Airplanes | Operating Segments | Revenue recognized at a point in time        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax, percentage 99.00% 99.00% 99.00% 99.00%
Commercial Airplanes | Operating Segments | United States        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax $ 2,354 $ 3,260 $ 5,512 $ 10,435
Commercial Airplanes | Operating Segments | Total non-U.S. revenues        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 5,069 4,567 12,937 12,863
Commercial Airplanes | Operating Segments | Europe        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 1,499 1,050 3,046 4,443
Commercial Airplanes | Operating Segments | Asia        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 2,635 1,623 7,028 3,978
Commercial Airplanes | Operating Segments | Middle East        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 444 1,257 1,618 2,723
Commercial Airplanes | Operating Segments | Other non-U.S.        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 491 637 1,245 1,719
Commercial Airplanes | Intersegment revenues eliminated on consolidation        
Disaggregation of Revenue [Line Items]        
Total revenues 20 21 93 68
Defense, Space & Security | Operating Segments        
Disaggregation of Revenue [Line Items]        
Total revenues $ 5,536 $ 5,481 $ 18,507 $ 18,187
Defense, Space & Security | Operating Segments | Revenue from the U.S. government        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax, percentage 92.00% 94.00% 91.00% 91.00%
Defense, Space & Security | Operating Segments | Revenue recognized on fixed-price contracts        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax, percentage 49.00% 54.00% 53.00% 57.00%
Defense, Space & Security | Operating Segments | Revenue recognized over time        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax, percentage 99.00% 99.00% 99.00% 99.00%
Defense, Space & Security | Operating Segments | United States        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax $ 4,361 $ 4,348 $ 14,324 $ 14,686
Defense, Space & Security | Operating Segments | Total non-U.S. revenues        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 1,175 1,133 4,183 3,501
Global Services | Operating Segments        
Disaggregation of Revenue [Line Items]        
Total revenues 4,901 4,812 14,835 14,278
Global Services | Operating Segments | Commercial        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 2,882 2,799 8,782 8,218
Global Services | Operating Segments | Government        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 1,935 1,919 5,764 5,793
Global Services | Operating Segments | Total revenues from contracts with customers        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax $ 4,817 $ 4,718 $ 14,546 $ 14,011
Global Services | Operating Segments | Revenue from the U.S. government        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax, percentage 29.00% 30.00% 29.00% 31.00%
Global Services | Operating Segments | Revenue recognized on fixed-price contracts        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax, percentage 86.00% 88.00% 87.00% 87.00%
Global Services | Operating Segments | Revenue recognized at a point in time        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax, percentage 53.00% 52.00% 53.00% 51.00%
Global Services | Intersegment revenues eliminated on consolidation        
Disaggregation of Revenue [Line Items]        
Total revenues $ 84 $ 94 $ 289 $ 267
B-737-Max | Customer Concessions | Commercial Airplanes | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax $ 28 $ (443) $ 54
v3.24.3
Segment and Revenue Information - Schedule of Segment, Reconciliation of Other Items from Segments to Consolidated (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Segment Reporting Information [Line Items]        
Share-based plans     $ (310) $ (548)
Research and development expense, net $ (1,154) $ (958) (2,976) (2,496)
Unallocated items, eliminations and other        
Segment Reporting Information [Line Items]        
Share-based plans 65 5 118 (33)
Deferred compensation (51) 25 (100) (71)
Amortization of previously capitalized interest (24) (24) (70) (71)
Research and development expense, net (105) (73) (293) (222)
Eliminations and other unallocated items (303) (204) (1,019) (670)
Unallocated items, eliminations and other $ (418) $ (271) $ (1,364) $ (1,067)
v3.24.3
Segment and Revenue Information - Components of Financial Accounting Standards and Cost Accounting Standards Adjustment (Details) - Unallocated items, eliminations and other - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Segment Reporting, Asset Reconciling Item [Line Items]        
FAS/CAS service cost adjustment $ 228 $ 281 $ 832 $ 863
Pension FAS/CAS service cost adjustment        
Segment Reporting, Asset Reconciling Item [Line Items]        
FAS/CAS service cost adjustment 148 218 608 663
Postretirement FAS/CAS service cost adjustment        
Segment Reporting, Asset Reconciling Item [Line Items]        
FAS/CAS service cost adjustment $ 80 $ 63 $ 224 $ 200
v3.24.3
Segment and Revenue Information - Reconciliation of Assets from Segment to Consolidated (Details) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]    
Assets $ 137,695 $ 137,012
Operating Segments | Commercial Airplanes    
Segment Reporting Information [Line Items]    
Assets 81,050 77,047
Operating Segments | Defense, Space & Security    
Segment Reporting Information [Line Items]    
Assets 15,739 14,921
Operating Segments | Global Services    
Segment Reporting Information [Line Items]    
Assets 16,724 16,193
Unallocated items, eliminations and other    
Segment Reporting Information [Line Items]    
Assets $ 24,182 $ 28,851
v3.24.3
Subsequent Events (Details) - USD ($)
$ in Billions
 9 Months Ended
Oct. 14, 2024
Sep. 30, 2024
Oct. 11, 2024
Subsequent Event [Line Items]      
Line of credit facility, expiration period   5 years  
Subsequent Event      
Subsequent Event [Line Items]      
Restructuring and related cost, number of positions eliminated, expected percent     10.00%
Supplemental Credit Agreement | Subsequent Event | Line of Credit      
Subsequent Event [Line Items]      
Line of credit facility, maximum borrowing capacity $ 10.0    
Line of credit facility, expiration period 364 days