BOEING CO, 10-Q filed on 4/24/2024
Quarterly Report
v3.24.1.u1
Cover - shares
 3 Months Ended
Mar. 31, 2024
Apr. 17, 2024
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 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, $5.00 Par Value  
Trading Symbol BA  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   613,884,224
Amendment Flag false  
Document Fiscal Year Focus 2024  
Document Fiscal Period Focus Q1  
Entity Central Index Key 0000012927  
Current Fiscal Year End Date --12-31  
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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Total revenues $ 16,569 $ 17,921
Total costs and expenses (14,693) (15,998)
Gross profit 1,876 1,923
Income/(loss) from operating investments, net 67 (27)
General and administrative expense (1,161) (1,304)
Research and development expense, net (868) (741)
Loss from operations (86) (149)
Other income, net 277 302
Interest and debt expense (569) (649)
Loss before income taxes (378) (496)
Income tax benefit 23 71
Net loss (355) (425)
Less: net loss attributable to noncontrolling interest (12) (11)
Net loss attributable to Boeing Shareholders $ (343) $ (414)
Basic loss per share (in dollars per share) $ (0.56) $ (0.69)
Diluted loss per share (in dollars per share) $ (0.56) $ (0.69)
Weighted average diluted shares (millions) (in shares) 613.2 602.5
Sales of products    
Total revenues $ 13,268 $ 14,914
Cost of products and services (12,064) (13,553)
Sales of services    
Total revenues 3,301 3,007
Cost of products and services $ (2,629) $ (2,445)
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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Statement of Comprehensive Income [Abstract]    
Net loss $ (355) $ (425)
Other comprehensive (loss)/income, net of tax:    
Currency translation adjustments (35) 16
Derivative instruments:    
Unrealized (losses)/gains arising during period, net of tax of $19 and ($5) (65) 18
Reclassification adjustment for losses/(gains) included in net loss, net of tax of ($2) and $1 7 (5)
Total unrealized (loss)/gain on derivative instruments, net of tax (58) 13
Defined benefit pension plans and other postretirement benefits:    
Net actuarial loss arising during the period, net of tax of $17 and $2 (19) (7)
Amortization of actuarial losses/(gains) included in net periodic pension cost, net of tax of ($12) and $0 11 (2)
Amortization of prior service credits included in net periodic pension cost, net of tax of $12 and $6 (11) (20)
Pension and postretirement cost related to our equity method investments, net of tax of ($3) and $0 5
Total defined benefit pension plans and other postretirement benefits, net of tax (14) (29)
Other comprehensive (loss)/income, net of tax (107) 0
Comprehensive loss, net of tax (462) (425)
Less: Comprehensive loss related to noncontrolling interest (12) (11)
Comprehensive loss attributable to Boeing Shareholders, net of tax $ (450) $ (414)
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Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Statement of Comprehensive Income [Abstract]    
Unrealized gain/(loss) arising during period, tax $ 19 $ (5)
Reclassification adjustment for (gain)/loss included in net earnings, tax (2) 1
Net actuarial gain/(loss) arising during the period, tax 17 2
Amortization of actuarial loss included in net periodic pension cost, tax (12) 0
Amortization of prior service credits included in net periodic pension cost, tax 12 6
Pension and postretirement (cost)/benefit related to our equity method investments, tax $ (3) $ 0
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Condensed Consolidated Statements of Financial Position - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 6,914 $ 12,691
Short-term and other investments 615 3,274
Accounts receivable, net 2,959 2,649
Unbilled receivables, net 9,673 8,317
Current portion of financing receivables, net 57 99
Inventories 83,471 79,741
Other current assets, net 2,843 2,504
Total current assets 106,532 109,275
Financing receivables and operating lease equipment, net 833 860
Property, plant and equipment, net of accumulated depreciation of $22,414 and $22,245 10,696 10,661
Goodwill 8,089 8,093
Acquired intangible assets, net 2,034 2,094
Deferred income taxes 68 59
Investments 1,042 1,035
Other assets, net of accumulated amortization of $1,098 and $1,046 5,190 4,935
Total assets 134,484 137,012
Liabilities and equity    
Accounts payable 11,616 11,964
Accrued liabilities 21,607 22,331
Advances and progress billings 58,972 56,328
Short-term debt and current portion of long-term debt 1,063 5,204
Total current liabilities 93,258 95,827
Deferred income taxes 223 229
Accrued retiree health care 2,196 2,233
Accrued pension plan liability, net 6,400 6,516
Other long-term liabilities 2,546 2,332
Long-term debt 46,877 47,103
Total liabilities 151,500 154,240
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 10,539 10,309
Treasury stock, at cost — 398,878,880 and 402,746,136 shares (49,105) (49,549)
Retained earnings 26,908 27,251
Accumulated other comprehensive loss (10,412) (10,305)
Total shareholders’ deficit (17,009) (17,233)
Noncontrolling interests (7) 5
Total equity (17,016) (17,228)
Total liabilities and equity $ 134,484 $ 137,012
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Condensed Consolidated Statements of Financial Position (Parenthetical) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Statement of Financial Position [Abstract]    
Property, plant and equipment, net of accumulated depreciation $ 22,414 $ 22,245
Other assets, net of accumulated amortization $ 1,098 $ 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) 398,878,880 402,746,136
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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows – operating activities:    
Net loss $ (355) $ (425)
Non-cash items –     
Share-based plans expense 119 222
Treasury shares issued for 401(k) contribution 606 553
Depreciation and amortization 442 457
Investment/asset impairment charges, net 21 11
Other charges and credits, net 10 33
Changes in assets and liabilities –     
Accounts receivable (328) (341)
Unbilled receivables (1,357) (1,055)
Advances and progress billings 2,718 1,417
Inventories (3,778) (390)
Other current assets (249) 82
Accounts payable (264) 231
Accrued liabilities (666) (769)
Income taxes receivable, payable and deferred (59) (122)
Other long-term liabilities (83) (117)
Pension and other postretirement plans (261) (244)
Financing receivables and operating lease equipment, net 79 101
Other 43 38
Net cash used by operating activities (3,362) (318)
Cash flows – investing activities:    
Payments to acquire property, plant and equipment (567) (468)
Proceeds from disposals of property, plant and equipment 11 5
Contributions to investments (243) (3,561)
Proceeds from investments 2,907 2,203
Other (34) (2)
Net cash provided/(used) by investing activities 2,074 (1,823)
Cash flows – financing activities:    
New borrowings 27 17
Debt repayments (4,442) (1,699)
Stock options exercised 44
Employee taxes on certain share-based payment arrangements (65) (42)
Other 18
Net cash used by financing activities (4,462) (1,680)
Effect of exchange rate changes on cash and cash equivalents (28) 10
Net decrease in cash & cash equivalents, including restricted (5,778) (3,811)
Cash & cash equivalents, including restricted, at beginning of year 12,713 14,647
Cash & cash equivalents, including restricted, at end of period 6,935 10,836
Less restricted cash & cash equivalents, included in Investments 21 24
Cash and cash equivalents at end of period $ 6,914 $ 10,812
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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 (425)       (414)   (11)
Other comprehensive income (loss), net of tax 0            
Share-based compensation 222   222        
Treasury shares issued for stock options exercised, net 44   (27) 71      
Treasury shares issued for other share-based plans, net (30)   (67) 37      
Treasury shares issued for 401(k) contribution 553   223 330      
Ending balance at Mar. 31, 2023 (15,484) 5,061 10,298 (50,376) 29,059 (9,550) 24
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 (355)       (343)   (12)
Other comprehensive income (loss), net of tax (107)         (107)  
Share-based compensation 119   119        
Treasury shares issued for other share-based plans, net (51)   (116) 65      
Treasury shares issued for 401(k) contribution 606   227 379      
Ending balance at Mar. 31, 2024 $ (17,016) $ 5,061 $ 10,539 $ (49,105) $ 26,908 $ (10,412) $ (7)
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Condensed Consolidated Statements of Equity (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]    
Other comprehensive income (loss), tax $ 31 $ 4
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Summary of Business Segment Data
 3 Months Ended
Mar. 31, 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)Three months ended March 31
20242023
Revenues:
Commercial Airplanes$4,653 $6,704 
Defense, Space & Security6,950 6,539 
Global Services5,045 4,720 
Unallocated items, eliminations and other(79)(42)
Total revenues$16,569 $17,921 
Loss from operations:
Commercial Airplanes($1,143)($615)
Defense, Space & Security151 (212)
Global Services916 847 
Segment operating (loss)/earnings(76)20 
Unallocated items, eliminations and other(312)(460)
FAS/CAS service cost adjustment302 291 
Loss from operations(86)(149)
Other income, net277 302 
Interest and debt expense(569)(649)
Loss before income taxes(378)(496)
Income tax benefit23 71 
Net loss(355)(425)
Less: net loss attributable to noncontrolling interest(12)(11)
Net loss attributable to Boeing Shareholders($343)($414)
This information is an integral part of the Notes to the Condensed Consolidated Financial Statements. See Note 17 for further segment results.
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Basis of Presentation
 3 Months Ended
Mar. 31, 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 March 31, 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.
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
Substantially all contracts at our Defense, Space & Security (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)Three months ended March 31
20242023
Decrease to Revenue($218)($312)
Increase to Loss from operations
($366)($518)
Increase to Diluted loss per share
($0.56)($0.74)
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Earnings Per Share
 3 Months Ended
Mar. 31, 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)Three months ended March 31
20242023
Net loss attributable to Boeing Shareholders($343)($414)
Less: earnings available to participating securities
Net loss available to common shareholders
($343)($414)
Basic
Basic weighted average shares outstanding
613.2 602.5 
Less: participating securities(1)
0.3 0.3 
Basic weighted average common shares outstanding
612.9 602.2 
Diluted
Diluted weighted average shares outstanding
613.2 602.5 
Less: participating securities(1)
0.3 0.3 
Diluted weighted average common shares outstanding
612.9 602.2 
Net loss per share:
Basic
($0.56)($0.69)
Diluted
(0.56)(0.69)
(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)Three months ended March 31
20242023
Performance restricted stock units0.5 
Restricted stock units 0.1 
Stock options0.8 0.8 
In addition, potential common shares of 3.1 million and 5.3 million for the three months ended March 31, 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.
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Income Taxes
 3 Months Ended
Mar. 31, 2024
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
We computed our 2024 interim tax provision using an estimated annual effective tax rate of 14.1%, adjusted for discrete items. Our 2024 estimated annual effective tax rate is primarily driven by taxes on non-U.S. operations. The effective tax rates were 6.1% and 14.3% for the three months ended March 31, 2024 and 2023, and differ from the estimated annual effective tax rates primarily due to discrete increases in the domestic valuation allowance.
As of December 31, 2023, the Company 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.
Federal income tax audits have been settled for all years prior to 2018. The Internal Revenue Service is currently auditing the 2018-2020 tax years. We are also subject to examination in major state and international jurisdictions for the 2010-2022 tax years. We believe appropriate provisions for all outstanding tax issues have been made for all jurisdictions and all open years.
Audit outcomes and the timing of audit settlements are subject to significant uncertainty. It is reasonably possible that within the next 12 months, unrecognized tax benefits related to federal tax matters under audit may decrease by up to $620 based on current estimates.
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Allowances for Losses on Financial Assets
 3 Months Ended
Mar. 31, 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 three months ended March 31, 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 estimates1 1 8 (4)6 
Write-offs3 1 4 
Recoveries1 1 
Balance at March 31, 2023
($111)($22)($76)($55)($92)($356)
Balance at January 1, 2024($89)($19)($50)($51)($122)($331)
Changes in estimates(16)(1)(1)15 (10)(13)
Write-offs2 9 11 
Recoveries1 1 
Balance at March 31, 2024
($102)($20)($42)($36)($132)($332)
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Inventories
 3 Months Ended
Mar. 31, 2024
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories consisted of the following:
March 31
2024		December 31
2023
Commercial aircraft programs$72,505 $68,683 
Long-term contracts in progress538 686 
Capitalized precontract costs(1)
897 946 
Commercial spare parts, used aircraft, general stock materials and other
9,531 9,426 
Total$83,471 $79,741 
(1) Capitalized precontract costs at March 31, 2024 and December 31, 2023 included amounts related to KC-46A Tanker, Commercial Crew, and T-7A Red Hawk Production Options. See Note 9.
Commercial Aircraft Programs
At March 31, 2024 and December 31, 2023, commercial aircraft programs inventory included the following amounts related to the 737 program: deferred production costs of $6,794 and $6,011 and unamortized tooling and other non-recurring costs of $872 and $792. At March 31, 2024, $7,635 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 $31 is expected to be recovered from units included in the program accounting quantity that represent expected future orders.
At March 31, 2024 and December 31, 2023, commercial aircraft programs inventory included the following amounts related to the 777X program: $5,337 and $4,638 of work in process, $2,160 and $1,792 of deferred production costs and $4,139 and $4,063 of unamortized tooling and other non-recurring costs. We expensed abnormal production costs of $126 during the three months ended March 31, 2023. In the fourth quarter of 2023, the 777X program resumed production, and as a result, there were no abnormal production costs during the three months ended March 31, 2024.
At March 31, 2024 and December 31, 2023, commercial aircraft programs inventory included the following amounts related to the 787 program: deferred production costs of $12,107 and $12,384, $1,606 and $1,764 of supplier advances, and $1,443 and $1,480 of unamortized tooling and other non-recurring costs. At March 31, 2024, $11,601 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 $1,949 is expected to be recovered from units included in the program accounting quantity that represent expected future orders. We expensed abnormal production costs of $80 and $379 during the three months ended March 31, 2024 and 2023.
Commercial aircraft programs inventory included amounts credited in cash or other consideration (early issue sales consideration) to airline customers totaling $4,558 and $4,126 at March 31, 2024 and December 31, 2023.
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Contracts with Customers
 3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Contracts with Customers Contracts with Customers
Unbilled receivables increased from $8,317 at December 31, 2023 to $9,673 at March 31, 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 $58,972 at March 31, 2024, primarily driven by advances on orders received at Commercial Airplanes (BCA), partially offset by revenue recognized at BDS.
Revenues recognized during the three months ended March 31, 2024 and 2023 from amounts recorded as Advances and progress billings at the beginning of each year were $4,181 and $3,881.
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Financing Receivables and Operating Lease Equipment
 3 Months Ended
Mar. 31, 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:
March 31
2024		December 31
2023
Financing receivables:
Investment in sales-type leases$492 $556 
Notes91 102 
Total financing receivables
583 658 
Less allowance for losses on receivables36 51 
Financing receivables, net547 607 
Operating lease equipment, at cost, less accumulated depreciation of $71 and $70
343 352 
Total$890 $959 
Financing arrangements typically range in terms from 1 to 12 years and 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 March 31, 2024 and December 31, 2023, $34 and $44 were determined to be uncollectible financing receivables and placed on non-accrual status. The allowance for losses on receivables decreased primarily due to cash collections during the three months ended March 31, 2024.
The components of investment in sales-type leases consisted of the following:
March 31
2024		December 31
2023
Gross lease payments receivable$616 $697 
Unearned income(137)(162)
Net lease payments receivable479 535 
Unguaranteed residual assets13 21 
Total$492 $556 
Financing interest income received for the three months ended March 31, 2024 and 2023 was $2 and $4.
Our financing receivable balances at March 31, 2024 by internal credit rating category and year of origination consisted of the following:
Rating categoriesCurrent2023202220212020PriorTotal
BBB$72 $31 $194 $100 $58 $455 
B94 94 
CCC34 34 
Total carrying value of financing receivables $72 $31 $228 $100 $152 $583 
At March 31, 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 0.5%, 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:
March 31
2024		December 31
2023
717 Aircraft (Accounted for as sales type leases)
$456 $478 
747-8 Aircraft (Accounted for as sales-type leases)
126 129 
737 Aircraft ($142 and $148 accounted for as operating leases)
142 156 
777 Aircraft (Accounted for as operating leases)
192 194 
747-400 Aircraft (Accounted for as sales-type leases)
43 
Operating lease equipment primarily includes large commercial jet aircraft.
Lease income recorded in Sales of services on the Condensed Consolidated Statements of Operations for the three months ended March 31, 2024 and 2023 included $10 and $15 of interest income from sales-type leases and $18 and $11 from operating lease payments. Profit at the commencement of sales-type leases was recorded in Sales of services for the three months ended March 31, 2024 and 2023 in the amount of $0 and $12.
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Investments
 3 Months Ended
Mar. 31, 2024
Investments [Abstract]  
Investments Investments
Our investments, which are recorded in Short-term and other investments or Investments, consisted of the following:
March 31
2024		December 31
2023
Time deposits (1)
$105 $2,753 
Equity method investments (2)
965 966 
Available-for-sale debt investments (1)
506 499 
Equity and other investments60 69 
Restricted cash & cash equivalents (1)(3)
21 22 
Total$1,657 $4,309 
(1)Primarily included in Short-term and other investments on our Condensed Consolidated Statements of Financial Position.
(2)Dividends received were $20 and $0 during the three months ended March 31, 2024 and 2023.
(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 three months ended March 31, 2024 and 2023 was $90 and $3,435. Cash proceeds from the maturities of time deposits during the three months ended March 31, 2024 and 2023 were $2,740 and $2,095.
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 March 31, 2024.
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Liabilities, Commitments and Contingencies
 3 Months Ended
Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Liabilities, Commitments and Contingencies Liabilities, Commitments and Contingencies
737 MAX Customer Concessions and Other Considerations
During the three months ended March 31, 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 revenue.
The following table summarizes changes in the 737 MAX customer concessions and other considerations liability during the three months ended March 31, 2024 and 2023.
20242023
Beginning balance – January 1$1,327 $1,864 
Reductions for payments made(553)(141)
Changes in estimates510  
Ending balance – March 31$1,284 $1,723 
At March 31, 2024, $430 of the liability balance remains subject to negotiations with customers, the majority of which we expect to pay in 2024. Of the contracted amount, we expect to pay $332 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 three months ended March 31, 2024 and 2023.
20242023
Beginning balance – January 1$844 $752 
Reductions for payments made, net of recoveries(14)(10)
Changes in estimates7 46 
Ending balance – March 31$837 $788 
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 March 31, 2024 and December 31, 2023, the high end of the estimated range of reasonably possible remediation costs exceeded our recorded liabilities by $971 and $1,030.
Product Warranties
The following table summarizes changes in product warranty liabilities recorded during the three months ended March 31, 2024 and 2023.
20242023
Beginning balance – January 1$2,448 $2,275 
Additions for current year deliveries22 47 
Reductions for payments made(75)(116)
Changes in estimates (31)
Ending balance – March 31$2,395 $2,175 
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 March 31, 2024 have expiration dates from 2024 through 2030. At March 31, 2024 and December 31, 2023 total contractual trade-in commitments were $1,426 and $1,415. As of March 31, 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 $311 and $407 and the fair value of the related trade-in aircraft was $311 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 $17,008 and $17,003 as of March 31, 2024 and December 31, 2023. The estimated earliest potential funding dates for these commitments as of March 31, 2024 are as follows:

Total
April through December 2024
$1,810 
20253,271 
20263,996 
20273,220 
20281,642 
Thereafter3,069 
$17,008 
As of March 31, 2024, $13,682 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 $262 to certain joint ventures over the next nine 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 $4,480 and $4,548 as of March 31, 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 March 31, 2024 and December 31, 2023, Accounts payable included $2.5 billion and $2.9 billion payable to suppliers who have elected to participate in these programs. We do not believe that future changes in the availability of supply chain financing would have a significant impact on our liquidity.
Recoverable Costs on Government Contracts
Our final incurred costs for each year are subject to audit and review for allowability by the U.S. government, which can result in payment demands related to costs they believe should be disallowed. We work with the U.S. government to assess the merits of claims and where appropriate reserve for amounts disputed. If we are unable to satisfactorily resolve disputed costs, we could be required to record an earnings charge and/or provide refunds to the U.S. government.
Fixed-Price Contracts
Long-term contracts that are contracted on a fixed-price basis could result in losses in future periods. Certain of the fixed-price contracts are for the development of new products, services and related technologies. This development work scope is inherently uncertain and subject to significant variability in estimates of the cost and time required to complete the work by us and our suppliers. The operational and technical complexities of fixed-price development contracts create financial risk, which could trigger additional earnings charges, termination provisions, order cancellations, or other financially significant exposure.
VC-25B Presidential Aircraft
The Company’s firm fixed-price contract for the Engineering 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. While we have provisioned for all of our anticipated costs to complete the contract, 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 ten 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 March 31, 2024.
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 three months ended March 31, 2024, we increased the reach-forward loss on the KC-46A Tanker program by $128, primarily due to factory disruption associated with supply chain constraints. As of March 31, 2024, we had approximately $130 of capitalized precontract costs and $214 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. 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. We expect the first production and support contract option to be exercised in 2025. 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 three months ended March 31, 2024, we increased the reach-forward loss on the T-7A Red Hawk program by $94 primarily reflecting further increases in estimated production costs. At March 31, 2024, we had approximately $235 of capitalized precontract costs and $305 of potential termination liabilities to suppliers related to future production lots. Risk remains that we may record additional losses in future periods.
Commercial Crew
National Aeronautics and Space Administration (NASA) has contracted us to design and build the CST-100 Starliner spacecraft to transport crews to the International Space Station and 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 previously scheduled for July 2023 following notification by a parachute supplier of an issue identified through testing. A crewed flight test is planned for May 2024. At March 31, 2024, we had approximately $229 of capitalized precontract costs and $158 of potential termination liabilities to suppliers related to fixed-price unauthorized future missions. Risk remains that we may record additional losses in future periods.
v3.24.1.u1
Arrangements with Off-Balance Sheet Risk
 3 Months Ended
Mar. 31, 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
March 31
2024		December 31
2023		March 31
2024		December 31
2023		March 31
2024		December 31
2023
Contingent repurchase commitments
$404 $404 $404 $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 9.
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Postretirement Plans
 3 Months Ended
Mar. 31, 2024
Retirement Benefits [Abstract]  
Postretirement Plans Postretirement Plans
The components of net periodic benefit (income)/cost for the three months ended March 31 were as follows:
PensionPostretirement
2024202320242023
Service cost$2 $1 $12 $12 
Interest cost659 705 31 37 
Expected return on plan assets(829)(861)(2)(2)
Amortization of prior service credits(20)(20)(3)(6)
Recognized net actuarial loss/(gain)67 42 (44)(44)
Net periodic benefit income($121)($133)($6)($3)
Net periodic benefit cost included in Loss from operations$2 $1 $11 $15 
Net periodic benefit income included in Other income, net(123)(134)(18)(15)
Net periodic benefit income included in Loss before income taxes
($121)($133)($7)$0 
v3.24.1.u1
Share-Based Compensation and Other Compensation Arrangements
 3 Months Ended
Mar. 31, 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.
v3.24.1.u1
Shareholders' Equity
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Shareholders' Equity Shareholders' Equity
Accumulated Other Comprehensive Loss
Changes in Accumulated other comprehensive loss (AOCI) by component for the three months ended March 31, 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 income/(loss) before reclassifications
16 18 (7)27 
Amounts reclassified from AOCI
(5)(22)
(2)
(27)
Net current period Other comprehensive income/(loss)
16 13 (29)0 
Balance at March 31, 2023($151) ($11)($9,388)($9,550)
Balance at January 1, 2024($134)$2 $12 ($10,185)($10,305)
Other comprehensive loss before reclassifications
(35)(65)(14)(114)
Amounts reclassified from AOCI
7 
(2)
7 
Net current period Other comprehensive loss
(35)(58)(14)(107)
Balance at March 31, 2024($169)$2 ($46)($10,199)($10,412)
(1)     Net of tax.
(2)    Primarily relates to the amortization of prior service credits and actuarial losses/(gains) included in net periodic pension cost for the three months ended March 31, 2024 and 2023 totaling $0 and ($22) (net of tax of $0 and $6).
v3.24.1.u1
Derivative Financial Instruments
 3 Months Ended
Mar. 31, 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
March 31
2024		December 31
2023		March 31
2024		December 31
2023		March 31
2024		December 31
2023
Derivatives designated as hedging instruments:
Foreign exchange contracts$4,268 $4,120 $54 $85 ($88)($63)
Commodity contracts479 514 78 83 (15)(8)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts222 254 2 1 (24)(32)
Commodity contracts87 115 (1)(2)
Total derivatives$5,056 $5,003 $134 $169 ($128)($105)
Netting arrangements(47)(47)47 47 
Net recorded balance$87 $122 ($81)($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:
Three months ended March 31

20242023
Recognized in Other comprehensive (loss)/income, net of taxes:
Foreign exchange contracts($57)$10 
Commodity contracts(8)8 
(Losses)/gains associated with our hedging transactions and forward points reclassified from AOCI to earnings are presented in the following table:
Three months ended March 31
20242023
Foreign exchange contracts
Costs and expenses($7)($2)
General and administrative expense(4)(11)
Commodity contracts
Costs and expenses$17 
General and administrative expense$2 2 
Gains/(losses) related to undesignated derivatives on foreign exchange and commodity cash flow hedging transactions recognized in Other income, net were insignificant for the three months ended March 31, 2024 and 2023.
Based on our portfolio of cash flow hedges, we expect to reclassify losses of $55 (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 facility, our derivative counterparties could require settlement for foreign exchange and certain commodity contracts with original maturities of at least five years. The fair value of those contracts in a net liability position at March 31, 2024 was $20. For other particular commodity contracts, our counterparties
could require collateral posted in an amount determined by our credit ratings. At March 31, 2024, there was no collateral posted related to our derivatives.
v3.24.1.u1
Fair Value Measurements
 3 Months Ended
Mar. 31, 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.
March 31, 2024December 31, 2023
TotalLevel 1Level 2TotalLevel 1Level 2
Assets
Money market funds$1,919 $1,919 $1,514 $1,514 
Available-for-sale debt investments:
Commercial paper299 $299 291 $291 
Corporate notes200 200 183 183 
U.S. and local government agencies17 1725 25 
Other equity investments75 75 44 44 
Derivatives87 87 122 122 
Total assets$2,597 $1,994 $603 $2,179 $1,558 $621 
Liabilities
Derivatives($81)($81)($58)($58)
Other(17)(17)
Total liabilities($98) ($98)($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 three months ended March 31 due to long-lived asset impairment and the fair value and asset classification of the related assets as of the impairment date:
20242023
Fair ValueLevel 2Level 3Total
Losses		Fair ValueLevel 2Level 3Total
Losses
Investments ($4)($11)
Operating lease equipment
$15 $15 (5) 
Property, plant and equipment18 $18 (9) 
Other assets
 (3) 
Total$33 $18 $15 ($21)   ($11)
Level 3 Investments, Property, plant and equipment, 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 that considered estimates of net operating income, capitalization rates, comparable property sales and adjusted for as-is condition. The fair value of the impaired operating lease equipment is derived by calculating a median collateral value from a consistent group of third party aircraft value publications. The values provided by the third party aircraft publications are derived from their knowledge of market trades and other market factors. Management reviews the publications quarterly to assess the continued appropriateness and consistency with market trends. Under certain circumstances, we adjust values based on the attributes and condition of the specific aircraft or equipment, usually when the features or use of the aircraft vary significantly from the more generic aircraft attributes covered by third party publications, or on the expected net sales price for the aircraft.
For Level 3 assets that were measured at fair value on a nonrecurring basis during the period ended March 31, 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(s)		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. The positive amount represents the sum of all such upward adjustments.
Fair Value Disclosures
The fair values and related carrying values of financial instruments that are not required to be remeasured at fair value on the Condensed Consolidated Statements of Financial Position were as follows:
March 31, 2024
Carrying
Amount		Total Fair
Value		Level 1Level 2Level 3
Assets
Notes receivable, net$283 $301 $289 $12 
Liabilities
Debt, excluding finance lease obligations (47,689)(44,246)(44,246)
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 March 31, 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).
v3.24.1.u1
Legal Proceedings
 3 Months Ended
Mar. 31, 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. With respect to the matters set forth below, we cannot reasonably estimate a range of loss in excess of recorded amounts, if any.
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 that resolved the Department of Justice’s investigation into us regarding the evaluation of the 737 MAX by the Federal Aviation Administration. Among other obligations, the DPA includes a three-year reporting period, which ended earlier this year. The Department is currently considering whether we fulfilled our obligations under the DPA and whether to move to dismiss the information, which motion will require court approval. 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 has disputed our right to terminate the agreements, and the dispute is currently in arbitration, which we currently expect to be resolved in 2024.
v3.24.1.u1
Segment and Revenue Information
 3 Months Ended
Mar. 31, 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 6 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)Three months ended March 31
20242023
Revenue from contracts with customers:
Europe$770 $1,355 
Asia2,113 806 
Middle East768 716 
Other non-U.S.410 353 
Total non-U.S. revenues4,061 3,230 
United States985 3,435 
Estimated potential concessions and other considerations to 737 MAX customers, net of insurance recoveries
(443)
Total revenues from contracts with customers4,603 6,665 
Intersegment revenues eliminated on consolidation50 39 
Total segment revenues$4,653 $6,704 
Revenue recognized on fixed-price contracts100 %100 %
Revenue recognized at a point in time99 %100 %
BDS revenues on contracts with customers, based on the customer's location, consisted of the following:
(Dollars in millions)Three months ended March 31
20242023
Revenue from contracts with customers:
U.S. customers$5,444 $5,310 
Non-U.S. customers(1)
1,506 1,229 
Total segment revenue from contracts with customers$6,950 $6,539 
Revenue recognized over time99 %99 %
Revenue recognized on fixed-price contracts58 %61 %
Revenue from the U.S. government(1)
91 %91 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
BGS revenues consisted of the following:
(Dollars in millions)Three months ended March 31
20242023
Revenue from contracts with customers:
Commercial$3,000 $2,716 
Government1,934 1,926 
Total revenues from contracts with customers4,934 4,642 
Intersegment revenues eliminated on consolidation111 78 
Total segment revenues$5,045 $4,720 
Revenue recognized at a point in time54 %51 %
Revenue recognized on fixed-price contracts87 %87 %
Revenue from the U.S. government(1)
29 %36 %
(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 March 31, 2024 was $528,749. We expect approximately 27% to be converted to revenue through 2025 and approximately 71% 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 production disruptions, and/or further 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 (expense)/income are shown in the following table.
Three months ended March 31
20242023
Share-based plans$10 ($52)
Deferred compensation(30)(54)
Amortization of previously capitalized interest(23)(23)
Research and development expense, net(89)(76)
Eliminations and other unallocated items(180)(255)
Unallocated items, eliminations and other
($312)($460)
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:
Three months ended March 31
20242023
Pension FAS/CAS service cost adjustment$230 $223 
Postretirement FAS/CAS service cost adjustment72 68 
FAS/CAS service cost adjustment$302 $291 
Assets
Segment assets are summarized in the table below:
March 31
2024		December 31
2023
Commercial Airplanes$80,811 $77,047 
Defense, Space & Security16,046 14,921 
Global Services16,365 16,193 
Unallocated items, eliminations and other21,262 28,851 
Total$134,484 $137,012 
Assets included in Unallocated items, eliminations and other primarily consist of Cash and cash equivalents, Short-term and other investments, tax assets, capitalized interest and assets managed centrally on behalf of the three principal business segments and intercompany eliminations.
v3.24.1.u1
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Pay vs Performance Disclosure    
Net loss available to common shareholders $ (343) $ (414)
v3.24.1.u1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 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
v3.24.1.u1
Basis of Presentation (Policy)
 3 Months Ended
Mar. 31, 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 Defense, Space & Security (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.
v3.24.1.u1
Summary of Business Segment Data (Tables)
 3 Months Ended
Mar. 31, 2024
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Schedule of Segment Reporting Information, by Segment
(Dollars in millions)Three months ended March 31
20242023
Revenues:
Commercial Airplanes$4,653 $6,704 
Defense, Space & Security6,950 6,539 
Global Services5,045 4,720 
Unallocated items, eliminations and other(79)(42)
Total revenues$16,569 $17,921 
Loss from operations:
Commercial Airplanes($1,143)($615)
Defense, Space & Security151 (212)
Global Services916 847 
Segment operating (loss)/earnings(76)20 
Unallocated items, eliminations and other(312)(460)
FAS/CAS service cost adjustment302 291 
Loss from operations(86)(149)
Other income, net277 302 
Interest and debt expense(569)(649)
Loss before income taxes(378)(496)
Income tax benefit23 71 
Net loss(355)(425)
Less: net loss attributable to noncontrolling interest(12)(11)
Net loss attributable to Boeing Shareholders($343)($414)
v3.24.1.u1
Basis of Presentation (Tables)
 3 Months Ended
Mar. 31, 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)Three months ended March 31
20242023
Decrease to Revenue($218)($312)
Increase to Loss from operations
($366)($518)
Increase to Diluted loss per share
($0.56)($0.74)
v3.24.1.u1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 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)Three months ended March 31
20242023
Net loss attributable to Boeing Shareholders($343)($414)
Less: earnings available to participating securities
Net loss available to common shareholders
($343)($414)
Basic
Basic weighted average shares outstanding
613.2 602.5 
Less: participating securities(1)
0.3 0.3 
Basic weighted average common shares outstanding
612.9 602.2 
Diluted
Diluted weighted average shares outstanding
613.2 602.5 
Less: participating securities(1)
0.3 0.3 
Diluted weighted average common shares outstanding
612.9 602.2 
Net loss per share:
Basic
($0.56)($0.69)
Diluted
(0.56)(0.69)
(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)Three months ended March 31
20242023
Performance restricted stock units0.5 
Restricted stock units 0.1 
Stock options0.8 0.8 
v3.24.1.u1
Allowances for Losses on Financial Assets (Tables)
 3 Months Ended
Mar. 31, 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 three months ended March 31, 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 estimates1 1 8 (4)6 
Write-offs3 1 4 
Recoveries1 1 
Balance at March 31, 2023
($111)($22)($76)($55)($92)($356)
Balance at January 1, 2024($89)($19)($50)($51)($122)($331)
Changes in estimates(16)(1)(1)15 (10)(13)
Write-offs2 9 11 
Recoveries1 1 
Balance at March 31, 2024
($102)($20)($42)($36)($132)($332)
v3.24.1.u1
Inventories (Tables)
 3 Months Ended
Mar. 31, 2024
Inventory Disclosure [Abstract]  
Schedule of Inventory, Current
Inventories consisted of the following:
March 31
2024		December 31
2023
Commercial aircraft programs$72,505 $68,683 
Long-term contracts in progress538 686 
Capitalized precontract costs(1)
897 946 
Commercial spare parts, used aircraft, general stock materials and other
9,531 9,426 
Total$83,471 $79,741 
(1) Capitalized precontract costs at March 31, 2024 and December 31, 2023 included amounts related to KC-46A Tanker, Commercial Crew, and T-7A Red Hawk Production Options. See Note 9.
v3.24.1.u1
Financing Receivables and Operating Lease Equipment (Tables)
 3 Months Ended
Mar. 31, 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:
March 31
2024		December 31
2023
Financing receivables:
Investment in sales-type leases$492 $556 
Notes91 102 
Total financing receivables
583 658 
Less allowance for losses on receivables36 51 
Financing receivables, net547 607 
Operating lease equipment, at cost, less accumulated depreciation of $71 and $70
343 352 
Total$890 $959 
Components of Investment in Sales Type or Finance Leases
The components of investment in sales-type leases consisted of the following:
March 31
2024		December 31
2023
Gross lease payments receivable$616 $697 
Unearned income(137)(162)
Net lease payments receivable479 535 
Unguaranteed residual assets13 21 
Total$492 $556 
Financing Receivable Credit Quality Indicators
Our financing receivable balances at March 31, 2024 by internal credit rating category and year of origination consisted of the following:
Rating categoriesCurrent2023202220212020PriorTotal
BBB$72 $31 $194 $100 $58 $455 
B94 94 
CCC34 34 
Total carrying value of financing receivables $72 $31 $228 $100 $152 $583 
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:
March 31
2024		December 31
2023
717 Aircraft (Accounted for as sales type leases)
$456 $478 
747-8 Aircraft (Accounted for as sales-type leases)
126 129 
737 Aircraft ($142 and $148 accounted for as operating leases)
142 156 
777 Aircraft (Accounted for as operating leases)
192 194 
747-400 Aircraft (Accounted for as sales-type leases)
43 
v3.24.1.u1
Investments (Tables)
 3 Months Ended
Mar. 31, 2024
Investments [Abstract]  
Schedule of Investments
Our investments, which are recorded in Short-term and other investments or Investments, consisted of the following:
March 31
2024		December 31
2023
Time deposits (1)
$105 $2,753 
Equity method investments (2)
965 966 
Available-for-sale debt investments (1)
506 499 
Equity and other investments60 69 
Restricted cash & cash equivalents (1)(3)
21 22 
Total$1,657 $4,309 
(1)Primarily included in Short-term and other investments on our Condensed Consolidated Statements of Financial Position.
(2)Dividends received were $20 and $0 during the three months ended March 31, 2024 and 2023.
(3)Reflects amounts restricted in support of our workers’ compensation programs and insurance premiums.
v3.24.1.u1
Liabilities, Commitments and Contingencies (Tables)
 3 Months Ended
Mar. 31, 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 three months ended March 31, 2024 and 2023.
20242023
Beginning balance – January 1$1,327 $1,864 
Reductions for payments made(553)(141)
Changes in estimates510  
Ending balance – March 31$1,284 $1,723 
Schedule of Environmental Remediation Activity
The following table summarizes changes in environmental remediation liabilities during the three months ended March 31, 2024 and 2023.
20242023
Beginning balance – January 1$844 $752 
Reductions for payments made, net of recoveries(14)(10)
Changes in estimates7 46 
Ending balance – March 31$837 $788 
Schedule of Product Warranty Activity
The following table summarizes changes in product warranty liabilities recorded during the three months ended March 31, 2024 and 2023.
20242023
Beginning balance – January 1$2,448 $2,275 
Additions for current year deliveries22 47 
Reductions for payments made(75)(116)
Changes in estimates (31)
Ending balance – March 31$2,395 $2,175 
Schedule of Contractual Obligation, Fiscal Year Maturity The estimated earliest potential funding dates for these commitments as of March 31, 2024 are as follows:

Total
April through December 2024
$1,810 
20253,271 
20263,996 
20273,220 
20281,642 
Thereafter3,069 
$17,008 
v3.24.1.u1
Arrangements with Off-Balance Sheet Risk (Tables)
 3 Months Ended
Mar. 31, 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
March 31
2024		December 31
2023		March 31
2024		December 31
2023		March 31
2024		December 31
2023
Contingent repurchase commitments
$404 $404 $404 $404 
Credit guarantees
15 15  $14 $14 
v3.24.1.u1
Postretirement Plans (Tables)
 3 Months Ended
Mar. 31, 2024
Retirement Benefits [Abstract]  
Components of Net Periodic Benefit Cost
The components of net periodic benefit (income)/cost for the three months ended March 31 were as follows:
PensionPostretirement
2024202320242023
Service cost$2 $1 $12 $12 
Interest cost659 705 31 37 
Expected return on plan assets(829)(861)(2)(2)
Amortization of prior service credits(20)(20)(3)(6)
Recognized net actuarial loss/(gain)67 42 (44)(44)
Net periodic benefit income($121)($133)($6)($3)
Net periodic benefit cost included in Loss from operations$2 $1 $11 $15 
Net periodic benefit income included in Other income, net(123)(134)(18)(15)
Net periodic benefit income included in Loss before income taxes
($121)($133)($7)$0 
v3.24.1.u1
Shareholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
Changes in Accumulated other comprehensive loss (AOCI) by component for the three months ended March 31, 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 income/(loss) before reclassifications
16 18 (7)27 
Amounts reclassified from AOCI
(5)(22)
(2)
(27)
Net current period Other comprehensive income/(loss)
16 13 (29)0 
Balance at March 31, 2023($151) ($11)($9,388)($9,550)
Balance at January 1, 2024($134)$2 $12 ($10,185)($10,305)
Other comprehensive loss before reclassifications
(35)(65)(14)(114)
Amounts reclassified from AOCI
7 
(2)
7 
Net current period Other comprehensive loss
(35)(58)(14)(107)
Balance at March 31, 2024($169)$2 ($46)($10,199)($10,412)
(1)     Net of tax.
(2)    Primarily relates to the amortization of prior service credits and actuarial losses/(gains) included in net periodic pension cost for the three months ended March 31, 2024 and 2023 totaling $0 and ($22) (net of tax of $0 and $6).
v3.24.1.u1
Derivative Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 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
March 31
2024		December 31
2023		March 31
2024		December 31
2023		March 31
2024		December 31
2023
Derivatives designated as hedging instruments:
Foreign exchange contracts$4,268 $4,120 $54 $85 ($88)($63)
Commodity contracts479 514 78 83 (15)(8)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts222 254 2 1 (24)(32)
Commodity contracts87 115 (1)(2)
Total derivatives$5,056 $5,003 $134 $169 ($128)($105)
Netting arrangements(47)(47)47 47 
Net recorded balance$87 $122 ($81)($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:
Three months ended March 31

20242023
Recognized in Other comprehensive (loss)/income, net of taxes:
Foreign exchange contracts($57)$10 
Commodity contracts(8)8 
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:
Three months ended March 31
20242023
Foreign exchange contracts
Costs and expenses($7)($2)
General and administrative expense(4)(11)
Commodity contracts
Costs and expenses$17 
General and administrative expense$2 2 
v3.24.1.u1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 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.
March 31, 2024December 31, 2023
TotalLevel 1Level 2TotalLevel 1Level 2
Assets
Money market funds$1,919 $1,919 $1,514 $1,514 
Available-for-sale debt investments:
Commercial paper299 $299 291 $291 
Corporate notes200 200 183 183 
U.S. and local government agencies17 1725 25 
Other equity investments75 75 44 44 
Derivatives87 87 122 122 
Total assets$2,597 $1,994 $603 $2,179 $1,558 $621 
Liabilities
Derivatives($81)($81)($58)($58)
Other(17)(17)
Total liabilities($98) ($98)($58)($58)
Fair Value, Assets Measured on Nonrecurring Basis Using Unobservable Inputs The following table presents the nonrecurring losses recognized for the three months ended March 31 due to long-lived asset impairment and the fair value and asset classification of the related assets as of the impairment date:
20242023
Fair ValueLevel 2Level 3Total
Losses		Fair ValueLevel 2Level 3Total
Losses
Investments ($4)($11)
Operating lease equipment
$15 $15 (5) 
Property, plant and equipment18 $18 (9) 
Other assets
 (3) 
Total$33 $18 $15 ($21)   ($11)
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 March 31, 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(s)		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. The positive amount represents the sum of all such upward adjustments.
Fair Values and Related Carrying Values of Financial Instruments
The fair values and related carrying values of financial instruments that are not required to be remeasured at fair value on the Condensed Consolidated Statements of Financial Position were as follows:
March 31, 2024
Carrying
Amount		Total Fair
Value		Level 1Level 2Level 3
Assets
Notes receivable, net$283 $301 $289 $12 
Liabilities
Debt, excluding finance lease obligations (47,689)(44,246)(44,246)
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)
v3.24.1.u1
Segment and Revenue Information (Tables)
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Schedule of Disaggregation of Revenue
BCA revenues by customer location consisted of the following:
(Dollars in millions)Three months ended March 31
20242023
Revenue from contracts with customers:
Europe$770 $1,355 
Asia2,113 806 
Middle East768 716 
Other non-U.S.410 353 
Total non-U.S. revenues4,061 3,230 
United States985 3,435 
Estimated potential concessions and other considerations to 737 MAX customers, net of insurance recoveries
(443)
Total revenues from contracts with customers4,603 6,665 
Intersegment revenues eliminated on consolidation50 39 
Total segment revenues$4,653 $6,704 
Revenue recognized on fixed-price contracts100 %100 %
Revenue recognized at a point in time99 %100 %
BDS revenues on contracts with customers, based on the customer's location, consisted of the following:
(Dollars in millions)Three months ended March 31
20242023
Revenue from contracts with customers:
U.S. customers$5,444 $5,310 
Non-U.S. customers(1)
1,506 1,229 
Total segment revenue from contracts with customers$6,950 $6,539 
Revenue recognized over time99 %99 %
Revenue recognized on fixed-price contracts58 %61 %
Revenue from the U.S. government(1)
91 %91 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
BGS revenues consisted of the following:
(Dollars in millions)Three months ended March 31
20242023
Revenue from contracts with customers:
Commercial$3,000 $2,716 
Government1,934 1,926 
Total revenues from contracts with customers4,934 4,642 
Intersegment revenues eliminated on consolidation111 78 
Total segment revenues$5,045 $4,720 
Revenue recognized at a point in time54 %51 %
Revenue recognized on fixed-price contracts87 %87 %
Revenue from the U.S. government(1)
29 %36 %
(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 (expense)/income are shown in the following table.
Three months ended March 31
20242023
Share-based plans$10 ($52)
Deferred compensation(30)(54)
Amortization of previously capitalized interest(23)(23)
Research and development expense, net(89)(76)
Eliminations and other unallocated items(180)(255)
Unallocated items, eliminations and other
($312)($460)
Components of Financial Accounting Standards and Cost Accounting Standards Adjustment Components of FAS/CAS service cost adjustment are shown in the following table:
Three months ended March 31
20242023
Pension FAS/CAS service cost adjustment$230 $223 
Postretirement FAS/CAS service cost adjustment72 68 
FAS/CAS service cost adjustment$302 $291 
Reconciliation of Assets from Segment to Consolidated
Segment assets are summarized in the table below:
March 31
2024		December 31
2023
Commercial Airplanes$80,811 $77,047 
Defense, Space & Security16,046 14,921 
Global Services16,365 16,193 
Unallocated items, eliminations and other21,262 28,851 
Total$134,484 $137,012 
v3.24.1.u1
Summary of Business Segment Data - Schedule of Segment Reporting Information, by Segment (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Segment Reporting Information [Line Items]    
Total revenues $ 16,569 $ 17,921
Loss from operations (86) (149)
Other income, net 277 302
Interest and debt expense (569) (649)
Loss before income taxes (378) (496)
Income tax benefit 23 71
Net loss (355) (425)
Less: net loss attributable to noncontrolling interest (12) (11)
Net loss attributable to Boeing Shareholders (343) (414)
Operating Segments    
Segment Reporting Information [Line Items]    
Loss from operations (76) 20
Operating Segments | Commercial Airplanes    
Segment Reporting Information [Line Items]    
Total revenues 4,653 6,704
Loss from operations (1,143) (615)
Operating Segments | Defense, Space & Security    
Segment Reporting Information [Line Items]    
Total revenues 6,950 6,539
Loss from operations 151 (212)
Operating Segments | Global Services    
Segment Reporting Information [Line Items]    
Total revenues 5,045 4,720
Loss from operations 916 847
Unallocated items, eliminations and other    
Segment Reporting Information [Line Items]    
Total revenues (79) (42)
Unallocated items, eliminations and other (312) (460)
FAS/CAS service cost adjustment $ 302 $ 291
v3.24.1.u1
Basis of Presentation - Schedule of Change in Accounting Estimate (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Decrease to Revenue $ (218) $ (312)
Increase to Loss from operations $ (366) $ (518)
Increase to Diluted earnings per share (in dollars per share) $ (0.56) $ (0.74)
v3.24.1.u1
Earnings Per Share - Schedule of Weighted Average Number of Shares (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Earnings Per Share [Abstract]    
Net loss available to common shareholders $ (343) $ (414)
Less: earnings available to participating securities
Weighted average shares outstanding, basic (in shares) 613.2 602.5
Participating securities (in shares) 0.3 0.3
Weighted average common shares outstanding, basic (in shares) 612.9 602.2
Weighted average shares outstanding, diluted (in shares) 613.2 602.5
Participating securities (in shares) 0.3 0.3
Weighted average common shares outstanding, diluted (in shares) 612.9 602.2
Net loss per share, basic (in dollars per share) $ (0.56) $ (0.69)
Net loss per share, diluted (in dollars per share) $ (0.56) $ (0.69)
v3.24.1.u1
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
Mar. 31, 2024
Mar. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Shares excluded from the computation of diluted earnings (in shares) 3.1 5.3
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) 0.5
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) 0.1
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 0.8
v3.24.1.u1
Earnings Per Share - Narrative (Details) - shares
shares in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Earnings Per Share [Abstract]    
Shares excluded from the computation of diluted earnings (in shares) 3.1 5.3
v3.24.1.u1
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Valuation Allowance [Line Items]      
Effective income tax rate reconciliation, estimated tax rate 14.10%    
Effective income tax rate 6.10% 14.30%  
Valuation allowance     $ 4,550
Decrease in unrecognized tax benefits is reasonably possible $ 620    
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
v3.24.1.u1
Allowances for Losses on Financial Assets - Schedule of Financial Assets, Allowance for Credit Loss (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 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 (16) 1
Unbilled receivables, changes in estimates (1) 1
Changes in estimates (13) 6
Customer financing, changes in estimates 15  
Accounts receivable, write-offs 2 3
Write-offs 11 4
Accounts receivable, recovery 1 1
Recoveries 1 1
Account receivable, allowance for credit loss, ending balance (102) (111)
Unbilled receivables, allowance for credit loss, ending balance (20) (22)
Allowance for credit loss, ending balance (332) (356)
Customer financing, allowance for credit loss, ending balance (36) (55)
Other current assets    
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]    
Allowance for credit loss, beginning balance (50) (85)
Changes in estimates (1) 8
Write-offs 9 1
Allowance for credit loss, ending balance (42) (76)
Other assets    
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]    
Allowance for credit loss, beginning balance (122) (88)
Changes in estimates (10) (4)
Allowance for credit loss, ending balance $ (132) $ (92)
v3.24.1.u1
Inventories - Schedule of Inventory, Current (Details) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Inventory Disclosure [Abstract]    
Commercial aircraft programs $ 72,505 $ 68,683
Long-term contracts in progress 538 686
Capitalized precontract costs 897 946
Commercial spare parts, used aircraft, general stock materials and other 9,531 9,426
Total $ 83,471 $ 79,741
v3.24.1.u1
Inventories - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Early Issue Sales Consideration      
Inventory [Line Items]      
Inventory subject to uncertainty $ 4,558   $ 4,126
Airplane Program 737      
Inventory [Line Items]      
Deferred production costs 6,794   6,011
Unamortized tooling and other non-recurring costs 872   792
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from firm orders at the balance sheet date 7,635    
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from future orders 31    
Airplane Program 777x      
Inventory [Line Items]      
Deferred production costs 2,160   1,792
Unamortized tooling and other non-recurring costs 4,139   4,063
Inventory, work in process 5,337   4,638
Abnormal production costs   $ 126  
Airplane Program 787      
Inventory [Line Items]      
Deferred production costs 12,107   12,384
Unamortized tooling and other non-recurring costs 1,443   1,480
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from firm orders at the balance sheet date 11,601    
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from future orders 1,949    
Abnormal production costs 80 $ 379  
Supplier advances $ 1,606   $ 1,764
v3.24.1.u1
Contracts with Customers - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]      
Unbilled receivables, net $ 9,673   $ 8,317
Advances and progress billings 58,972   $ 56,328
Contract with customer, liability, revenue recognized $ 4,181 $ 3,881  
v3.24.1.u1
Financing Receivables and Operating Lease Equipment - Schedule of Financing Receivables and Operating Lease Equipment, Net (Details) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Dec. 31, 2022
Financing Receivables and Operating Lease Equipment [Abstract]        
Investment in sales-type leases $ 492 $ 556    
Notes 91 102    
Total financing receivables 583 658    
Less allowance for losses on receivables 36 51 $ 55 $ 55
Financing receivables, net 547 607    
Operating lease equipment, at cost, less accumulated depreciation of $71 and $70 343 352    
Total 890 959    
Operating lease equipment, accumulated depreciation $ 71 $ 70    
v3.24.1.u1
Financing Receivables and Operating Lease Equipment - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Financing Receivables and Operating Lease Equipment [Line Items]      
Financing receivable, nonaccrual, no allowance $ 34   $ 44
Financing receivable, nonaccrual, interest income 2 $ 4  
Sales-type and direct financing leases, lease income 10 15  
Operating lease, lease income 18 11  
Sales-type and direct financing leases, profit (loss) $ 0 $ 12  
CCC      
Financing Receivables and Operating Lease Equipment [Line Items]      
Percentage of credit default rates applied to customers 100.00%    
B      
Financing Receivables and Operating Lease Equipment [Line Items]      
Percentage of credit default rates applied to customers 0.00%    
BBB      
Financing Receivables and Operating Lease Equipment [Line Items]      
Percentage of credit default rates applied to customers 0.50%    
Minimum      
Financing Receivables and Operating Lease Equipment [Line Items]      
Lessee, finance lease, term of contract (in years) 1 year    
Maximum      
Financing Receivables and Operating Lease Equipment [Line Items]      
Lessee, finance lease, term of contract (in years) 12 years    
v3.24.1.u1
Financing Receivables and Operating Lease Equipment - Components of Investment in Sales-Type or Finance Leases (Details) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Receivables [Abstract]    
Gross lease payments receivable $ 616 $ 697
Unearned income (137) (162)
Net lease payments receivable 479 535
Unguaranteed residual assets 13 21
Investment in sales-type leases $ 492 $ 556
v3.24.1.u1
Financing Receivables and Operating Lease Equipment - Financing Receivable Credit Quality Indicators (Details) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]    
Current  
2023 72  
2022 31  
2021 228  
2020 100  
Prior 152  
Total financing receivables 583 $ 658
BBB    
Financing Receivable, Credit Quality Indicator [Line Items]    
Current  
2023 72  
2022 31  
2021 194  
2020 100  
Prior 58  
Total financing receivables 455  
B    
Financing Receivable, Credit Quality Indicator [Line Items]    
Current  
2023  
2022  
2021  
2020  
Prior 94  
Total financing receivables 94  
CCC    
Financing Receivable, Credit Quality Indicator [Line Items]    
Current  
2023  
2022  
2021 34  
2020  
Prior  
Total financing receivables $ 34  
v3.24.1.u1
Financing Receivables and Operating Lease Equipment - Schedule of Customer Financing Carrying Values Related to Major Aircraft Concentrations (Details) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Financing Receivables and Operating Lease Equipment [Line Items]    
Operating lease equipment $ 343 $ 352
B-717    
Financing Receivables and Operating Lease Equipment [Line Items]    
Gross customer financing 456 478
B747-8    
Financing Receivables and Operating Lease Equipment [Line Items]    
Gross customer financing 126 129
B-737    
Financing Receivables and Operating Lease Equipment [Line Items]    
Gross customer financing 142 156
Operating lease equipment 142 148
B-777    
Financing Receivables and Operating Lease Equipment [Line Items]    
Gross customer financing 192 194
B747-400    
Financing Receivables and Operating Lease Equipment [Line Items]    
Gross customer financing $ 43
v3.24.1.u1
Investments - Schedule of Investments (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Investments [Abstract]      
Time deposits $ 105   $ 2,753
Equity method investments 965   966
Available-for-sale debt investments 506   499
Equity and other investments 60   69
Restricted cash & cash equivalents 21 $ 24 22
Total 1,657   $ 4,309
Dividends received $ 20 $ 0  
v3.24.1.u1
Investments - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Net Investment Income [Line Items]    
Payments to acquire investments $ 243 $ 3,561
Proceeds from investments 2,907 2,203
Time Deposits    
Net Investment Income [Line Items]    
Payments to acquire investments 90 3,435
Proceeds from investments $ 2,740 $ 2,095
v3.24.1.u1
Liabilities, Commitments and Contingencies - Narrative (Details)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2024
USD ($)
aircraft
lot
Mar. 31, 2023
USD ($)
Sep. 30, 2018
USD ($)
aircraft
Dec. 31, 2023
USD ($)
Dec. 31, 2018
USD ($)
aircraft
simulator
lot
Dec. 31, 2011
aircraft
lot
tanker
Commitments And Contingencies [Line Items]            
Loss contingency, range of possible loss, portion not accrued $ 971     $ 1,030    
Contingent liabilities on outstanding letters of credit agreements and surety bonds 4,480     4,548    
Supplier finance program, obligation 2,500     2,900    
Increase to Loss from operations (366) $ (518)        
Number of annual production lot | lot           13
Alaska Airlines 737-9 Accident and 737-9 Grounding            
Commitments And Contingencies [Line Items]            
Revenue from contract with customer, excluding assessed tax 443          
VC-25B            
Commitments And Contingencies [Line Items]            
Contract value $ 4,000          
Number of commercial aircraft | aircraft 2          
Increase to Loss from operations       (482)    
KC-46A Tanker            
Commitments And Contingencies [Line Items]            
Contract value $ 27,000          
Increase to Loss from operations $ (128)     (309)    
Number of generation aerial refueling tanker | tanker           4
Number of aircraft | aircraft 139         179
Number of low rate initial production lot | lot 10          
KC-46A Tanker | Capitalized Precontract Costs            
Commitments And Contingencies [Line Items]            
Capitalized precontract costs $ 130          
KC-46A Tanker | Potential Termination Liabilities            
Commitments And Contingencies [Line Items]            
Capitalized precontract costs 214          
MQ-25            
Commitments And Contingencies [Line Items]            
Contract value     $ 890      
Increase to Loss from operations     $ 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         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         11  
T-7A Production | Capitalized Precontract Costs            
Commitments And Contingencies [Line Items]            
Capitalized precontract costs $ 235          
T-7A Production | Potential Termination Liabilities            
Commitments And Contingencies [Line Items]            
Capitalized precontract costs 305          
Commercial Crew            
Commitments And Contingencies [Line Items]            
Increase to Loss from operations       (288)    
Commercial Crew | Capitalized Precontract Costs            
Commitments And Contingencies [Line Items]            
Capitalized precontract costs 229          
Commercial Crew | Potential Termination Liabilities            
Commitments And Contingencies [Line Items]            
Capitalized precontract costs 158          
T-7A EMD and Production            
Commitments And Contingencies [Line Items]            
Increase to Loss from operations $ (94)     (275)    
Minimum | Supplier Finance Program, Majority of Amounts Payable            
Commitments And Contingencies [Line Items]            
Supplier finance program, payment timing, period 30 days          
Maximum            
Commitments And Contingencies [Line Items]            
Supplier finance program, payment timing, period 12 months          
Maximum | Supplier Finance Program, Majority of Amounts Payable            
Commitments And Contingencies [Line Items]            
Supplier finance program, payment timing, period 90 days          
Financing Commitment            
Commitments And Contingencies [Line Items]            
Other commitment $ 17,008     17,003    
Financing Commitment | External Credit Rating, Non Investment Grade            
Commitments And Contingencies [Line Items]            
Other commitment 13,682          
Joint Venture            
Commitments And Contingencies [Line Items]            
Other commitment $ 262          
Other commitment, period 9 years          
Total Contractual Trade-In Commitment | Commercial Aircraft Commitments            
Commitments And Contingencies [Line Items]            
Other commitment $ 1,426     1,415    
Net Amounts Payable to Customers Related to Probable Contractual Trade-In Commitments | Commercial Aircraft Commitments            
Commitments And Contingencies [Line Items]            
Other commitment 311     407    
Fair Value of Trade in Value of Aircraft | Commercial Aircraft Commitments            
Commitments And Contingencies [Line Items]            
Other commitment 311     $ 407    
2023            
Commitments And Contingencies [Line Items]            
Changes in estimates 332          
Contingent on Customer Negotiations            
Commitments And Contingencies [Line Items]            
737 MAX customer concessions and other considerations liability $ 430          
v3.24.1.u1
Liabilities, Commitments and Contingencies - Schedule of 737 Max Customer Concessions and Other Considerations Liability (Details) - B-737 - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Customer Concession And Other Consideration Liability [Roll Forward]    
Beginning balance – January 1 $ 1,327 $ 1,864
Reductions for payments made (553) (141)
Changes in estimates 510
Ending balance – March 31 $ 1,284 $ 1,723
v3.24.1.u1
Liabilities, Commitments and Contingencies - Schedule of Environmental Remediation Activity (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Environmental [Roll Forward]    
Beginning balance – January 1 $ 844 $ 752
Reductions for payments made, net of recoveries (14) (10)
Changes in estimates 7 46
Ending balance – March 31 $ 837 $ 788
v3.24.1.u1
Liabilities, Commitments and Contingencies - Schedule of Product Warranty Activity (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Product Warranties [Roll Forward]    
Beginning balance – January 1 $ 2,448 $ 2,275
Additions for current year deliveries 22 47
Reductions for payments made (75) (116)
Changes in estimates (31)
Ending balance – March 31 $ 2,395 $ 2,175
v3.24.1.u1
Liabilities, Commitments and Contingencies - Schedule of Contractual Obligation, Fiscal Year Maturity (Details) - Financing Commitment - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Financing Commitments [Line Items]    
April through December 2024 $ 1,810  
2025 3,271  
2026 3,996  
2027 3,220  
2028 1,642  
Thereafter 3,069  
Total $ 17,008 $ 17,003
v3.24.1.u1
Arrangements with Off-Balance Sheet Risk - Schedule of Guarantor Obligations (Details) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Contingent repurchase commitments    
Guarantor Obligations [Line Items]    
Maximum Potential Payments $ 404 $ 404
Estimated Proceeds from Collateral/Recourse 404 404
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
v3.24.1.u1
Arrangements with Off-Balance Sheet Risk - Narrative (Details) - Contingent repurchase commitments
Mar. 31, 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
v3.24.1.u1
Postretirement Plans - Components of Net Periodic Benefit Cost (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Pension    
Defined Benefit Plan Disclosure [Line Items]    
Service cost $ 2 $ 1
Interest cost 659 705
Expected return on plan assets (829) (861)
Amortization of prior service credits (20) (20)
Recognized net actuarial loss/(gain) 67 42
Net periodic benefit income (121) (133)
Postretirement    
Defined Benefit Plan Disclosure [Line Items]    
Service cost 12 12
Interest cost 31 37
Expected return on plan assets (2) (2)
Amortization of prior service credits (3) (6)
Recognized net actuarial loss/(gain) (44) (44)
Net periodic benefit income (6) (3)
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
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 11 15
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)
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)
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)
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 $ (7) $ 0
v3.24.1.u1
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%  
v3.24.1.u1
Shareholders' Equity - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Roll Forward]    
Beginning balance $ (10,305)  
Other comprehensive income (loss) before reclassifications [1] (114) $ 27
Amounts reclassified from AOCI [1] 7 (27)
Net current period Other comprehensive loss [1] (107) 0
Ending balance (10,412)  
Other comprehensive (income) loss, defined benefit plan, reclassification adjustment from AOCI, after tax 0 (22)
Other comprehensive (income) loss, defined benefit plan, reclassification adjustment from AOCI, tax 0 (6)
Accumulated Other Comprehensive Loss    
Accumulated Other Comprehensive Income (Loss) [Roll Forward]    
Beginning balance [1] (10,305) (9,550)
Ending balance [1] (10,412) (9,550)
Currency Translation Adjustments    
Accumulated Other Comprehensive Income (Loss) [Roll Forward]    
Beginning balance (134) (167)
Other comprehensive income (loss) before reclassifications (35) 16
Amounts reclassified from AOCI
Net current period Other comprehensive loss (35) 16
Ending balance (169) (151)
Unrealized Gains and Losses on Certain Investments    
Accumulated Other Comprehensive Income (Loss) [Roll Forward]    
Beginning balance 2
Other comprehensive income (loss) before reclassifications
Amounts reclassified from AOCI
Net current period Other comprehensive loss
Ending balance 2
Unrealized Gains and Losses on Derivative Instruments    
Accumulated Other Comprehensive Income (Loss) [Roll Forward]    
Beginning balance 12 (24)
Other comprehensive income (loss) before reclassifications (65) 18
Amounts reclassified from AOCI 7 (5)
Net current period Other comprehensive loss (58) 13
Ending balance (46) (11)
Defined Benefit Pension Plans & Other Postretirement Benefits    
Accumulated Other Comprehensive Income (Loss) [Roll Forward]    
Beginning balance (10,185) (9,359)
Other comprehensive income (loss) before reclassifications (14) (7)
Amounts reclassified from AOCI (22)
Net current period Other comprehensive loss (14) (29)
Ending balance $ (10,199) $ (9,388)
[1] Net of tax.
(2)    Primarily relates to the amortization of prior service credits and actuarial losses/(gains) included in net periodic pension cost for the three months ended March 31, 2024 and 2023 totaling $0 and ($22) (net of tax of $0 and $6).
v3.24.1.u1
Derivative Financial Instruments - Schedule of Derivative Instruments in Statement of Financial Position, Fair Value (Details) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Derivative [Line Items]    
Derivative, notional amount $ 5,056 $ 5,003
Other assets 134 169
Accrued liabilities (128) (105)
Netting arrangement, other assets (47) (47)
Netting arrangement, accrued liabilities 47 47
Net recorded balance, other assets 87 122
Net recorded balance, accrued liabilities $ (81) $ (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 $ 4,268 $ 4,120
Other assets 54 85
Accrued liabilities (88) (63)
Designated as Hedging Instrument | Commodity contracts    
Derivative [Line Items]    
Derivative, notional amount 479 514
Other assets 78 83
Accrued liabilities (15) (8)
Not Designated as Hedging Instrument | Foreign exchange contracts    
Derivative [Line Items]    
Derivative, notional amount 222 254
Other assets 2 1
Accrued liabilities (24) (32)
Not Designated as Hedging Instrument | Commodity contracts    
Derivative [Line Items]    
Derivative, notional amount 87 115
Other assets
Accrued liabilities $ (1) $ (2)
v3.24.1.u1
Derivative Financial Instruments - Schedule of Derivative Instruments, Gains/(Losses) in Statement of Financial Performance (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Foreign exchange contracts    
Derivative [Line Items]    
Recognized in Other comprehensive income/(loss), net of taxes $ (57) $ 10
Commodity contracts    
Derivative [Line Items]    
Recognized in Other comprehensive income/(loss), net of taxes $ (8) $ 8
v3.24.1.u1
Derivative Financial Instruments - Reclassification Out of Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Costs and expenses    
Derivative [Line Items]    
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax $ 17
General and administrative expense    
Derivative [Line Items]    
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax 2 2
Costs and expenses    
Derivative [Line Items]    
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax (7) (2)
General and administrative expense    
Derivative [Line Items]    
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax $ (4) $ (11)
v3.24.1.u1
Derivative Financial Instruments - Narrative (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2024
USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Cash flow hedge loss to be reclassified within 12 Months $ 55
Line of credit facility, expiration period 5 years
Derivative, maturity 5 years
Derivative, net liability position, aggregate fair value $ 20
v3.24.1.u1
Fair Value Measurements - Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Corporate notes $ 506 $ 499
Derivatives 87 122
Derivatives (81) (58)
Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Money market funds 1,919 1,514
Commercial paper 299 291
Corporate notes 200 183
U.S. and local government agencies 17 25
Other equity investments 75 44
Derivatives 87 122
Total assets 2,597 2,179
Derivatives (81) (58)
Other (17)  
Total liabilities (98) (58)
Fair Value, Recurring | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Money market funds 1,919 1,514
Other equity investments 75 44
Total assets 1,994 1,558
Fair Value, Recurring | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Commercial paper 299 291
Corporate notes 200 183
U.S. and local government agencies 17 25
Derivatives 87 122
Total assets 603 621
Derivatives (81) (58)
Other (17)  
Total liabilities $ (98) $ (58)
v3.24.1.u1
Fair Value Measurements - Fair Value, Assets Measured on Nonrecurring Basis Using Unobservable Inputs (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Nonrecurring fair value losses $ (21) $ (11)
Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value 33
Nonrecurring fair value losses (21) (11)
Fair Value, Nonrecurring | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value 18
Fair Value, Nonrecurring | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value 15
Investments | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value
Nonrecurring fair value losses (4) (11)
Investments | Fair Value, Nonrecurring | Level 3 | Valuation, Market Approach    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value
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)
Operating lease equipment | Fair Value, Nonrecurring | Level 3 | Valuation, Market Approach    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value 15
Property, plant and equipment | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value 18
Nonrecurring fair value losses (9)
Property, plant and equipment | Fair Value, Nonrecurring | Level 2 | Valuation, Market Approach    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value 18
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)
Other assets | Fair Value, Nonrecurring | Level 3 | Valuation, Income Approach    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value
v3.24.1.u1
Fair Value Measurements - Fair Value, Assets Measured on Nonrecurring Basis, Valuation Techniques (Details) - USD ($)
$ in Millions
Mar. 31, 2024
Mar. 31, 2023
Aircraft value publications    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range Median or Average $ 23  
Aircraft value publications | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range Median or Average 21  
Aircraft value publications | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range Median or Average 27  
Aircraft condition adjustments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range Median or Average (8)  
Aircraft condition adjustments | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range Median or Average (8)  
Aircraft condition adjustments | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range Median or Average 0  
Fair Value, Nonrecurring    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 33
Fair Value, Nonrecurring | Operating lease equipment    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 15
Level 3 | Fair Value, Nonrecurring    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 15
Valuation, Market Approach | Level 3 | Fair Value, Nonrecurring | Operating lease equipment    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 15
v3.24.1.u1
Fair Value Measurements - Fair Values and Related Carrying Values of Financial Instruments (Details) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Notes receivable, net, carrying amount $ 283 $ 257
Notes receivable, net, fair value 301 270
Debt, excluding capital lease obligations, carrying amount (47,689) (52,055)
Debt, excluding capital lease obligations, fair value (44,246) (51,039)
Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Notes receivable, net, fair value 289 270
Debt, excluding capital lease obligations, fair value (44,246) $ (51,039)
Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Notes receivable, net, fair value $ 12  
v3.24.1.u1
Legal Proceedings - Narrative (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2019
USD ($)
Legal Proceedings [Abstract]  
Controlling interest ownership percentage after acquisition 80.00%
Payments to acquire interest in joint venture $ 4,200
v3.24.1.u1
Segment and Revenue Information - Narrative (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2024
USD ($)
segment
Segment Reporting Information [Line Items]  
Number of reportable segments | segment 3
Revenue, remaining performance obligation, amount | $ $ 528,749
Within Next Fiscal Year  
Segment Reporting Information [Line Items]  
Revenue, remaining performance obligation, percent recognized 27.00%
Within Next 4 Fiscal Years  
Segment Reporting Information [Line Items]  
Revenue, remaining performance obligation, percent recognized 71.00%
v3.24.1.u1
Segment and Revenue Information - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Disaggregation of Revenue [Line Items]    
Total revenues $ 16,569 $ 17,921
Commercial Airplanes | Operating Segments    
Disaggregation of Revenue [Line Items]    
Total revenues 4,653 6,704
Commercial Airplanes | Operating Segments | Total revenues from contracts with customers    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax $ 4,603 $ 6,665
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%
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% 100.00%
Commercial Airplanes | Operating Segments | United States    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax $ 985 $ 3,435
Commercial Airplanes | Operating Segments | Total non-U.S. revenues    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 4,061 3,230
Commercial Airplanes | Operating Segments | Europe    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 770 1,355
Commercial Airplanes | Operating Segments | Asia    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 2,113 806
Commercial Airplanes | Operating Segments | Middle East    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 768 716
Commercial Airplanes | Operating Segments | Other non-U.S.    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 410 353
Commercial Airplanes | Intersegment revenues eliminated on consolidation    
Disaggregation of Revenue [Line Items]    
Total revenues 50 39
Defense, Space & Security | Operating Segments    
Disaggregation of Revenue [Line Items]    
Total revenues $ 6,950 $ 6,539
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 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 58.00% 61.00%
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%
Defense, Space & Security | Operating Segments | United States    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax $ 5,444 $ 5,310
Defense, Space & Security | Operating Segments | Total non-U.S. revenues    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 1,506 1,229
Global Services | Operating Segments    
Disaggregation of Revenue [Line Items]    
Total revenues 5,045 4,720
Global Services | Operating Segments | Commercial    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 3,000 2,716
Global Services | Operating Segments | Government    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 1,934 1,926
Global Services | Operating Segments | Total revenues from contracts with customers    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax $ 4,934 $ 4,642
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% 36.00%
Global Services | Operating Segments | Revenue recognized on fixed-price contracts    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax, percentage 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 54.00% 51.00%
Global Services | Intersegment revenues eliminated on consolidation    
Disaggregation of Revenue [Line Items]    
Total revenues $ 111 $ 78
B-737-Max | Customer Concessions | Commercial Airplanes | Operating Segments    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax $ (443)
v3.24.1.u1
Segment and Revenue Information - Schedule of Segment, Reconciliation of Other Items from Segments to Consolidated (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Segment Reporting Information [Line Items]    
Share-based plans $ (119) $ (222)
Research and development expense, net (868) (741)
Unallocated items, eliminations and other    
Segment Reporting Information [Line Items]    
Share-based plans 10 (52)
Deferred compensation (30) (54)
Amortization of previously capitalized interest (23) (23)
Research and development expense, net (89) (76)
Eliminations and other unallocated items (180) (255)
Unallocated items, eliminations and other $ (312) $ (460)
v3.24.1.u1
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
Mar. 31, 2024
Mar. 31, 2023
Segment Reporting, Asset Reconciling Item [Line Items]    
FAS/CAS service cost adjustment $ 302 $ 291
Pension FAS/CAS service cost adjustment    
Segment Reporting, Asset Reconciling Item [Line Items]    
FAS/CAS service cost adjustment 230 223
Postretirement FAS/CAS service cost adjustment    
Segment Reporting, Asset Reconciling Item [Line Items]    
FAS/CAS service cost adjustment $ 72 $ 68
v3.24.1.u1
Segment and Revenue Information - Reconciliation of Assets from Segment to Consolidated (Details) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]    
Assets $ 134,484 $ 137,012
Operating Segments | Commercial Airplanes    
Segment Reporting Information [Line Items]    
Assets 80,811 77,047
Operating Segments | Defense, Space & Security    
Segment Reporting Information [Line Items]    
Assets 16,046 14,921
Operating Segments | Global Services    
Segment Reporting Information [Line Items]    
Assets 16,365 16,193
Unallocated items, eliminations and other    
Segment Reporting Information [Line Items]    
Assets $ 21,262 $ 28,851