BOEING CO, 10-Q filed on 7/26/2023
Quarterly Report
v3.23.2
Cover - shares
 6 Months Ended
Jun. 30, 2023
Jul. 19, 2023
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 2023  
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 414-6338  
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  
Title of 12(b) Security Common Stock, $5.00 Par Value  
Trading Symbol BA  
Security Exchange Name NYSE  
Entity Common Stock, Shares Outstanding   603,203,554
Amendment Flag false  
Document Fiscal Year Focus 2023  
Document Fiscal Period Focus Q2  
Entity Central Index Key 0000012927  
Current Fiscal Year End Date --12-31  
v3.23.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Condensed Income Statements, Captions [Line Items]        
Total revenues $ 19,751 $ 16,681 $ 37,672 $ 30,672
Total costs and expenses (17,812) (14,553) (33,810) (28,191)
Gross profit 1,939 2,128 3,862 2,481
Income/(loss) from operating investments, net 44 17 17 (3)
General and administrative expense (1,286) (668) (2,590) (1,531)
Research and development expense, net (797) (698) (1,538) (1,331)
Gain on dispositions, net 1 1 1 2
(Loss)/earnings from operations (99) 780 (248) (382)
Other income, net 320 253 622 434
Interest and debt expense (621) (656) (1,270) (1,293)
(Loss)/earnings before income taxes (400) 377 (896) (1,241)
Income tax benefit/(expense) 251 (217) 322 159
Net (loss)/earnings (149) 160 (574) (1,082)
Less: net loss attributable to noncontrolling interest (33) (11) (56)
Net (loss)/earnings attributable to Boeing Shareholders $ (149) $ 193 $ (563) $ (1,026)
Basic (loss)/earnings per share (in dollars per share) $ (0.25) $ 0.32 $ (0.93) $ (1.73)
Diluted (loss)/earnings per share (in dollars per share) $ (0.25) $ 0.32 $ (0.93) $ (1.73)
Weighted average diluted shares (millions) (in shares) 605.5 596.4 603.9 592.8
Sales of products        
Condensed Income Statements, Captions [Line Items]        
Total revenues $ 16,687 $ 14,009 $ 31,601 $ 25,436
Cost of products and services (15,123) (12,284) (28,676) (23,696)
Sales of services        
Condensed Income Statements, Captions [Line Items]        
Total revenues 3,064 2,672 6,071 5,236
Cost of products and services $ (2,689) $ (2,269) $ (5,134) $ (4,495)
v3.23.2
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Statement of Comprehensive Income [Abstract]        
Net (loss)/earnings $ (149) $ 160 $ (574) $ (1,082)
Other comprehensive (loss)/income, net of tax:        
Currency translation adjustments (6) (76) 10 (52)
Derivative instruments:        
Unrealized loss arising during period, net of tax of $7, $21, $12 and $49 (43) (168) (25) (74)
Reclassification adjustment for (gains)/losses included in net (loss)/earnings, net of tax of $1, ($8), $0 and $1 3 (5) (2) 30
Total unrealized loss on derivative instruments, net of tax (40) (173) (27) (44)
Defined benefit pension plans and other postretirement benefits:        
Net actuarial (loss)/gain arising during the period, net of tax of $2, $0, $0 and $0 1 (6)
Amortization of actuarial (gains)/losses included in net periodic pension cost, net of tax of $1, ($84), $1 and ($44) (2) 155 (4) 314
Amortization of prior service credits included in net periodic pension cost, net of tax of $12, $12, $6 and $6 (20) (23) (40) (46)
Total defined benefit pension plans and other postretirement benefits, net of tax (21) 132 (50) 268
Other comprehensive (loss)/income, net of tax (67) (117) (67) 172
Comprehensive (loss)/income, net of tax (216) 43 (641) (910)
Less: Comprehensive loss related to noncontrolling interest (33) (11) (56)
Comprehensive (loss)/income attributable to Boeing Shareholders, net of tax $ (216) $ 76 $ (630) $ (854)
v3.23.2
Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Statement of Comprehensive Income [Abstract]        
Unrealized gain/(loss) arising during period, tax $ 12 $ 49 $ 7 $ 21
Reclassification adjustment for (gain)/loss included in net earnings, tax 0 1 1 (8)
Net actuarial gain/(loss) arising during the period, tax 0 0 2 0
Amortization of actuarial loss included in net periodic pension cost, tax 1 (44) 1 (84)
Amortization of prior service credits included in net periodic pension cost, tax 6 6 12 12
Less: Comprehensive loss related to noncontrolling interest $ (33) $ (11) $ (56)
v3.23.2
Condensed Consolidated Statements of Financial Position - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 7,254 $ 14,614
Short-term and other investments 6,508 2,606
Accounts receivable, net 2,945 2,517
Unbilled receivables, net 9,357 8,634
Current portion of customer financing, net 85 154
Inventories 78,322 78,151
Other current assets, net 2,941 2,847
Total current assets 107,412 109,523
Customer financing, net 1,105 1,450
Property, plant and equipment, net of accumulated depreciation 10,455 10,550
Goodwill 8,061 8,057
Acquired intangible assets, net 2,194 2,311
Deferred income taxes 66 63
Investments 1,025 983
Other assets, net of accumulated amortization of $935 and $949 4,456 4,163
Total assets 134,774 137,100
Liabilities and equity    
Accounts payable 10,936 10,200
Accrued liabilities 21,221 21,581
Advances and progress billings 55,310 53,081
Short-term debt and current portion of long-term debt 4,609 5,190
Total current liabilities 92,076 90,052
Deferred income taxes 95 230
Accrued retiree health care 2,424 2,503
Accrued pension plan liability, net 5,855 6,141
Other long-term liabilities 2,158 2,211
Long-term debt 47,659 51,811
Total liabilities 150,267 152,948
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 10,310 9,947
Treasury stock, at cost — 409,375,415 and 414,671,383 shares (50,181) (50,814)
Retained earnings 28,910 29,473
Accumulated other comprehensive loss (9,617) (9,550)
Total shareholders’ deficit (15,517) (15,883)
Noncontrolling interests 24 35
Total equity (15,493) (15,848)
Total liabilities and equity $ 134,774 $ 137,100
v3.23.2
Condensed Consolidated Statements of Financial Position (Parenthetical) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Statement of Financial Position [Abstract]    
Property, plant and equipment, net of accumulated depreciation $ 21,895 $ 21,442
Other assets, net of accumulated amortization $ 935 $ 949
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) 409,375,415 414,671,383
v3.23.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows – operating activities:    
Net (loss)/earnings $ (574) $ (1,082)
Non-cash items –     
Share-based plans expense 381 352
Treasury shares issued for 401(k) contribution 862 612
Depreciation and amortization 913 984
Investment/asset impairment charges, net 12 72
Customer financing valuation adjustments (3) 42
Gain on dispositions, net (1) (2)
Other charges and credits, net 33 260
Changes in assets and liabilities –     
Accounts receivable (433) (350)
Unbilled receivables (721) (758)
Advances and progress billings 2,228 (907)
Inventories (241) (1,260)
Other current assets 313 144
Accounts payable 852 395
Accrued liabilities (399) (835)
Income taxes receivable, payable and deferred (424) (238)
Other long-term liabilities (180) (64)
Pension and other postretirement plans (520) (695)
Customer financing, net 419 50
Other 40 145
Net cash provided/(used) by operating activities 2,557 (3,135)
Cash flows – investing activities:    
Payments to acquire property, plant and equipment (764) (612)
Proceeds from disposals of property, plant and equipment 13 16
Contributions to investments (9,496) (2,471)
Proceeds from investments 5,567 9,296
Other (158) 2
Net cash (used)/provided by investing activities (4,838) 6,231
Cash flows – financing activities:    
New borrowings 38 15
Debt repayments (5,123) (1,013)
Stock options exercised 44 34
Employee taxes on certain share-based payment arrangements (48) (34)
Other (4)
Net cash used by financing activities (5,093) (998)
Effect of exchange rate changes on cash and cash equivalents 2 (71)
Net (decrease)/increase in cash & cash equivalents, including restricted (7,372) 2,027
Cash & cash equivalents, including restricted, at beginning of year 14,647 8,104
Cash & cash equivalents, including restricted, at end of period 7,275 10,131
Less restricted cash & cash equivalents, included in Investments 21 41
Cash and cash equivalents at end of period $ 7,254 $ 10,090
v3.23.2
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, 2021 $ (14,846) $ 5,061 $ 9,052 $ (51,861) $ 34,408 $ (11,659) $ 153
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings (loss) (1,082)       (1,026)   (56)
Other comprehensive income (loss), net of tax 172         172  
Share-based compensation 352   352        
Treasury shares issued for stock options exercised, net 35   (21) 56      
Treasury shares issued for other share-based plans, net (34)   (72) 38      
Treasury shares issued for 401(k) contribution 612   164 448      
Ending balance at Jun. 30, 2022 (14,791) 5,061 9,475 (51,319) 33,382 (11,487) 97
Beginning balance at Mar. 31, 2022 (15,268) 5,061 9,295 (51,573) 33,189 (11,370) 130
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings (loss) 160       193   (33)
Other comprehensive income (loss), net of tax (117)         (117)  
Share-based compensation 149   149        
Treasury shares issued for stock options exercised, net 5   (2) 7      
Treasury shares issued for other share-based plans, net (3)   (5) 2      
Treasury shares issued for 401(k) contribution 283   38 245      
Ending balance at Jun. 30, 2022 (14,791) 5,061 9,475 (51,319) 33,382 (11,487) 97
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 earnings (loss) (574)       (563)   (11)
Other comprehensive income (loss), net of tax (67)         (67)  
Share-based compensation 381   381        
Treasury shares issued for stock options exercised, net 44   (28) 72      
Treasury shares issued for other share-based plans, net (24)   (73) 49      
Treasury shares issued for 401(k) contribution 862   350 512      
Subsidiary shares purchased from noncontrolling interests (267)   (267)        
Ending balance at Jun. 30, 2023 (15,493) 5,061 10,310 (50,181) 28,910 (9,617) 24
Beginning balance at Mar. 31, 2023 (15,484) 5,061 10,298 (50,376) 29,059 (9,550) 24
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings (loss) (149)       (149)    
Other comprehensive income (loss), net of tax (67)         (67)  
Share-based compensation 159   159        
Treasury shares issued for stock options exercised, net   (1) 1      
Treasury shares issued for other share-based plans, net 6   (6) 12      
Treasury shares issued for 401(k) contribution 309   127 182      
Subsidiary shares purchased from noncontrolling interests (267)   (267)        
Ending balance at Jun. 30, 2023 $ (15,493) $ 5,061 $ 10,310 $ (50,181) $ 28,910 $ (9,617) $ 24
v3.23.2
Condensed Consolidated Statements of Equity (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Statement of Stockholders' Equity [Abstract]        
Other comprehensive income (loss), tax $ 19 $ 12 $ 23 $ (59)
v3.23.2
Summary of Business Segment Data
 6 Months Ended
Jun. 30, 2023
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)Six months ended June 30Three months ended June 30
2023202220232022
Revenues:
Commercial Airplanes$15,544 $10,452 $8,840 $6,258 
Defense, Space & Security12,706 11,674 6,167 6,191 
Global Services9,466 8,612 4,746 4,298 
Unallocated items, eliminations and other(44)(66)(2)(66)
Total revenues$37,672 $30,672 $19,751 $16,681 
(Loss)/earnings from operations:
Commercial Airplanes($998)($1,116)($383)($219)
Defense, Space & Security(739)(858)(527)71 
Global Services1,703 1,360 856 728 
Segment operating (loss)/earnings(34)(614)(54)580 
Unallocated items, eliminations and other(796)(335)(336)(84)
FAS/CAS service cost adjustment582 567 291 284 
(Loss)/earnings from operations(248)(382)(99)780 
Other income, net622 434 320 253 
Interest and debt expense(1,270)(1,293)(621)(656)
(Loss)/earnings before income taxes(896)(1,241)(400)377 
Income tax benefit/(expense)322 159 251 (217)
Net (loss)/earnings(574)(1,082)(149)160 
Less: net loss attributable to noncontrolling interest(11)(56) (33)
Net (loss)/earnings attributable to Boeing Shareholders($563)($1,026)($149)$193 
This information is an integral part of the Notes to the Condensed Consolidated Financial Statements. See Note 17 for further segment results.
v3.23.2
Basis of Presentation
 6 Months Ended
Jun. 30, 2023
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 June 30, 2023 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 2022 Annual Report on Form 10-K. As discussed further in Note 17, prior period amounts have been reclassified to conform to current period presentation.
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
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 sales and costs for a long-term contract, and/or contractual options that are probable of exercise, indicate a loss, a provision for the entire loss is recognized.
Net cumulative catch-up adjustments to prior periods' revenue and earnings, including certain losses, across all long-term contracts were as follows:
(In millions - except per share amounts)Six months ended June 30Three months ended June 30
2023202220232022
Decrease to Revenue($782)($885)($470)($273)
Increase to (Loss)/(decrease) to earnings from operations($1,348)($1,541)($830)($411)
Decrease to Diluted EPS($1.43)($2.27)($0.51)($0.29)
v3.23.2
Earnings Per Share
 6 Months Ended
Jun. 30, 2023
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, less earnings available to participating securities, divided by the basic weighted average common shares outstanding.
Diluted earnings per share is calculated by taking net earnings, less earnings available to participating securities, divided by the diluted weighted average common shares outstanding.
The elements used in the computation of basic and diluted (loss)/earnings per share were as follows:
(In millions - except per share amounts)Six months ended June 30Three months ended June 30
2023202220232022
Net (loss)/earnings available to common shareholders($563)($1,026)($149)$193 
Basic
Basic weighted average shares outstanding
603.9 592.8 605.5 594.0 
Less: participating securities(1)
0.3 0.3 0.3 0.3 
Basic weighted average common shares outstanding
603.6 592.5 605.2 593.7 
Diluted
Basic weighted average shares outstanding
603.9 592.8 605.5 594.0 
Dilutive potential common shares(2)
2.4 
Diluted weighted average shares outstanding
603.9 592.8 605.5 596.4 
Less: participating securities(1)
0.3 0.3 0.3 0.3 
Diluted weighted average common shares outstanding
603.6 592.5 605.2 596.1 
Net (loss)/earnings per share:
Basic
($0.93)($1.73)($0.25)$0.32 
Diluted
(0.93)(1.73)(0.25)0.32 
(1)Participating securities include certain instruments in our deferred compensation plan.
(2)Diluted (loss)/earnings per share includes any dilutive impact of stock options, restricted stock units,
performance-based restricted stock units and performance awards.
The following table represents potential common shares that were not included in the computation of diluted (loss)/earnings per share because the effect was antidilutive based on their strike price or the performance condition was not met.
(Shares in millions)Six months ended June 30Three months ended June 30
2023202220232022
Performance awards 1.9  2.3 
Performance-based restricted stock units 0.4  0.4 
Restricted stock units 1.2  2.0 
Stock options0.8 0.7 0.8 0.8 
In addition, potential common shares of 5.4 million and 3.0 million for the six months ended June 30, 2023 and 2022 and 5.5 million for the three months ended June 30, 2023 were excluded from the computation of diluted (loss)/earnings per share, because the effect would have been antidilutive as a result of incurring a net loss in those periods.
v3.23.2
Income Taxes
 6 Months Ended
Jun. 30, 2023
Income Tax Disclosure [Abstract]  
Income Taxes Income TaxesWe computed our interim tax provision using an estimated annual effective tax rate, adjusted for discrete items. Our 2023 estimated annual effective tax rate primarily reflects the 21% federal tax rate, the impact of taxation upon foreign operations, and a forecasted increase to the valuation allowance, which is partially offset by research and development tax credits. The effective tax rates were 35.9% and 12.8% for the six months ended June 30, 2023 and 2022. The effective tax rate for the three months ended June
30, 2023, was 62.8% and reflects additional tax benefit to adjust prior quarter's results to the annual effective tax rate.
As of December 31, 2022, the Company had recorded valuation allowances of $3,162 primarily for certain federal deferred tax assets, as well as for certain federal and state net operating loss and tax credit carryforwards. To measure the valuation allowance, the Company estimated in what year each of     its deferred tax assets and liabilities would reverse using systematic and logical methods to estimate the reversal patterns. Based on these methods, deferred tax liabilities are assumed to reverse and generate taxable income over the next 5 to 10 years while deferred tax assets related to pension and other postretirement benefit obligations are assumed to reverse and generate tax deductions over the next 15 to 20 years. The valuation allowance primarily results from not having sufficient income from deferred tax liability reversals in the appropriate future periods to support the realization of deferred tax assets.
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 2008-2021 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.
v3.23.2
Allowances for Losses on Financial Assets
 6 Months Ended
Jun. 30, 2023
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 six months ended June 30, 2023 and 2022 consisted of the following:
Accounts receivable Unbilled receivablesOther current assetsCustomer financingOther assetsTotal
Balance at January 1, 2022($390)($91)($62)($18)($186)($747)
Changes in estimates(5)18 1 (42)(27)(55)
Write-offs242 47 133 422 
Recoveries5 5 
Balance at June 30, 2022
($148)($26)($61)($60)($80)($375)
Balance at January 1, 2023($116)($23)($85)($55)($88)($367)
Changes in estimates(5)2 15 2 (12)2 
Write-offs24 4 28 
Recoveries2 2 
Balance at June 30, 2023
($95)($21)($66)($53)($100)($335)
v3.23.2
Inventories
 6 Months Ended
Jun. 30, 2023
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories consisted of the following:
June 30
2023		December 31
2022
Long-term contracts in progress$211 $582 
Commercial aircraft programs67,850 67,702 
Capitalized precontract costs(1)
821 794 
Commercial spare parts, used aircraft, general stock materials and other
9,440 9,073 
Total$78,322 $78,151 
(1) Capitalized precontract costs at June 30, 2023 and December 31, 2022 includes amounts related to KC-46A Tanker, Commercial Crew, and T-7 Production Options. See Note 9.
Commercial Aircraft Programs
Commercial aircraft programs inventory includes approximately 220 737 aircraft and 85 787 aircraft at June 30, 2023 as compared with approximately 250 737 aircraft and 100 787 aircraft at December 31, 2022.
At June 30, 2023 and December 31, 2022, commercial aircraft programs inventory included the following amounts related to the 737 program: deferred production costs of $4,739 and $2,955 and unamortized tooling and other non-recurring costs of $591 and $626. At June 30, 2023, $5,297 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 $33 is expected to be recovered from units included in the program accounting quantity that represent expected future orders.
At June 30, 2023 and December 31, 2022, commercial aircraft programs inventory included the following amounts related to the 777X program: $4,226 and $4,059 of work in process, $1,385 and $1,330 of deferred production costs, and $3,868 and $3,774 of unamortized tooling and other non-recurring costs. In April 2022, we decided to pause production of the 777X-9 during 2022 and 2023. The production pause is resulting in abnormal production costs that are being expensed as incurred until 777X-9 production resumes. We expensed abnormal production costs of $262 and $102 during the six months ended June 30, 2023 and 2022. The 777X program has near break-even margins at June 30, 2023.
At June 30, 2023 and December 31, 2022, commercial aircraft programs inventory included the following amounts related to the 787 program: deferred production costs of $12,193 and $12,689, $1,765 and $1,831 of supplier advances, and $1,600 and $1,722 of unamortized tooling and other non-recurring costs. At June 30, 2023, $11,823 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 $1,970 is expected to be recovered from units included in the program accounting quantity that represent expected future orders. We are currently producing at abnormally low rates resulting in abnormal production costs that are being expensed as incurred. We expensed abnormal production costs of $693 and $595 during the six months ended June 30, 2023 and 2022.
Commercial aircraft programs inventory included amounts credited in cash or other consideration (early issue sales consideration) to airline customers totaling $3,625 and $3,586 at June 30, 2023 and December 31, 2022.
v3.23.2
Contracts with Customers
 6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Contracts with Customers Contracts with Customers
Unbilled receivables increased from $8,634 at December 31, 2022 to $9,357 at June 30, 2023, primarily driven by revenue recognized at Defense, Space & Security (BDS) and Global Services (BGS) in excess of billings.
Advances and progress billings increased from $53,081 at December 31, 2022 to $55,310 at June 30, 2023, primarily driven by advances on orders received at Commercial Airplanes (BCA), partially offset by revenue recognized at BDS.
Revenues recognized during the six months ended June 30, 2023 and 2022 from amounts recorded as Advances and progress billings at the beginning of each year were $7,885 and $6,814. Revenues recognized during the three months ended June 30, 2023 and 2022 from amounts recorded as Advances and progress billings at the beginning of each year were $4,004 and $3,413.
v3.23.2
Customer Financing
 6 Months Ended
Jun. 30, 2023
Customer Financing [Abstract]  
Customer Financing Customer Financing
Customer financing consisted of the following:
June 30
2023		December 31
2022
Financing receivables:
Investment in sales-type/finance leases$673 $804 
Notes203 385 
Total financing receivables
876 1,189 
Less allowance for losses on receivables53 55 
Financing receivables, net823 1,134 
Operating lease equipment, at cost, less accumulated depreciation of $69 and $76
367 470 
Total$1,190 $1,604 
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 June 30, 2023 and December 31, 2022, $238 and $405 were determined to be uncollectible financing receivables and placed on non-accrual status. The allowance for losses on receivables remained largely unchanged during the six months ended June 30, 2023.
Our financing receivable balances at June 30, 2023 by internal credit rating category and year of origination consisted of the following:
Rating categoriesCurrent2022202120202019PriorTotal
BBB$33 $33 
BB$47 $33 $209 $107 $38 155 589 
B17 17 
CCC10 35 192 237 
Total carrying value of financing receivables$57 $33 $244 $107 $55 $380 $876 
At June 30, 2023, our allowance for losses related to receivables with ratings of CCC, B, BB, and BBB. We applied default rates that averaged 100.0%, 0.0%, 2.7%, and 0.1%, respectively, to the exposure associated with those receivables.
Customer Financing Exposure
The majority of our gross customer financing portfolio is concentrated in the following aircraft models:
June 30
2023		December 31
2022
717 Aircraft ($0 and $45 accounted for as operating leases)
$495 $563 
747-8 Aircraft (accounted for as sales-type/finance leases)217 394 
737 Aircraft ($151 and $174 accounted for as operating leases)
171 186 
777 Aircraft (accounted for as operating leases)202 209 
MD-80 Aircraft (accounted for as sales-type/finance leases)96 
757 Aircraft (accounted for as sales-type/finance leases)98 107 
747-400 Aircraft (accounted for as sales-type/finance leases)44 46 
Operating lease equipment primarily includes large commercial jet aircraft.
Lease income recorded in revenue on the Condensed Consolidated Statements of Operations for the six months ended June 30, 2023 and 2022 included $29 and $36 from sales-type/finance leases, and $27 and $32 from operating leases, of which $1 and $5 related to variable operating lease payments. Lease income recorded in revenue on the Condensed Consolidated Statements of Operations for the three months ended June 30, 2023 and 2022 included $14 and $18 from sales-type/finance leases, and $16 and $17 from operating leases, of which $1 and $1 related to variable operating lease payments.
Profit at the commencement of sales-type leases was recorded in revenue for the six months ended June 30, 2023 and 2022 in the amount of $20 and $12. Customer financing interest income received was $62 and $6 for the six months ended June 30, 2023 and 2022. Profit at the commencement of sales-type leases was recorded in revenue for the three months ended June 30, 2023 and 2022 in the amount of $8 and $8. Customer financing interest income received was $58 and $3 for the three months ended June 30, 2023 and 2022.
v3.23.2
Investments
 6 Months Ended
Jun. 30, 2023
Investments [Abstract]  
Investments Investments
Our investments, which are recorded in Short-term and other investments or Investments, consisted of the following:
June 30
2023		December 31
2022
Equity method investments (1)
$993 $948 
Time deposits5,988 2,093 
Available-for-sale debt investments499 479 
Equity and other investments32 36 
Restricted cash & cash equivalents(2)
21 33 
Total$7,533 $3,589 
(1)Dividends received were $5 during the six and three months ended June 30, 2023 and $43 and $16 during the same periods in prior year.
(2)Reflects amounts restricted in support of our property sales, workers’ compensation programs, and insurance premiums.
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 June 30, 2023.
v3.23.2
Liabilities, Commitments and Contingencies
 6 Months Ended
Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
Liabilities, Commitments and Contingencies Liabilities, Commitments and Contingencies
737 MAX Customer Concessions and Other Considerations
The following table summarizes changes in the 737 MAX customer concessions and other considerations liability during the six months ended June 30, 2023 and 2022.
20232022
Beginning balance – January 1$1,864 $2,940 
Reductions for payments made(273)(844)
Reductions for concessions and other in-kind considerations(51)(5)
Changes in estimates(26)17 
Ending balance – June 30$1,514 $2,108 
The liability balance of $1.5 billion at June 30, 2023 includes $1.3 billion of contracted customer concessions and other liabilities and $0.2 billion that remains subject to negotiation with customers. The contracted amount includes $0.6 billion expected to be liquidated by lower customer delivery payments, $0.6 billion expected to be paid in cash and $0.1 billion in other concessions. Of the cash payments to customers, we expect to pay $0.2 billion in 2023 and the remaining $0.4 billion in future years. The type of consideration to be provided for the remaining $0.2 billion will depend on the outcomes of negotiations with customers.
Environmental
The following table summarizes changes in environmental remediation liabilities during the six months ended June 30, 2023 and 2022.
20232022
Beginning balance – January 1$752 $605 
Reductions for payments made, net of recoveries(24)(11)
Changes in estimates72 131 
Ending balance – June 30$800 $725 
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 June 30, 2023 and December 31, 2022, the high end of the estimated range of reasonably possible remediation costs exceeded our recorded liabilities by $1,045 and $1,058.
Product Warranties
The following table summarizes changes in product warranty liabilities recorded during the six months ended June 30, 2023 and 2022.
20232022
Beginning balance – January 1$2,275 $1,900 
Additions for current year deliveries92 89 
Reductions for payments made(179)(220)
Changes in estimates338 261 
Ending balance – June 30$2,526 $2,030 
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 June 30, 2023 have expiration dates from 2023 through 2029. At June 30, 2023 and December 31, 2022 total contractual trade-in commitments were $1,455 and $1,117. As of June 30, 2023 and December 31, 2022, we estimated that it was probable we would be obligated to perform on certain of these commitments with net amounts payable to customers totaling $302 and $286 and the fair value of the related trade-in aircraft was $302 and $286.
Financing Commitments
Financing commitments related to aircraft on order, including options and those proposed in sales campaigns, and refinancing of delivered aircraft, totaled $16,423 and $16,105 as of June 30, 2023 and December 31, 2022. The estimated earliest potential funding dates for these commitments as of June 30, 2023 are as follows:

Total
July through December 2023
$913 
20242,871 
20253,407 
20264,798 
20272,161 
Thereafter2,273 
$16,423 
As of June 30, 2023, all of these financing commitments relate to customers we believe have less than investment-grade credit. We have concluded that no reserve for future potential losses is required for these financing commitments based upon the terms, such as collateralization and interest rates, under which funding would be provided.
Other Financial Commitments
We have financial commitments to make additional capital contributions totaling $293 to certain joint ventures over the next five years.
Standby Letters of Credit and Surety Bonds
We have entered into standby letters of credit and surety bonds with financial institutions primarily relating to the guarantee of our future performance on certain contracts and security agreements. Contingent liabilities on outstanding letters of credit agreements and surety bonds aggregated approximately $5,006 and $5,070 as of June 30, 2023 and December 31, 2022.
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 June 30, 2023 and December 31, 2022, Accounts payable included $2.6 billion and $2.5 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 will 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
Substantially all contracts at our BDS segment and certain contracts at our BGS segment are long-term contracts with the U.S. government and other customers that generally extend over several years. 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 $4.3 billion program to develop and modify two 747-8 commercial aircraft. During the year ended December 31, 2022, we increased the reach-forward loss on the contract by $1,452. 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 nine low rate initial production (LRIP) lots for a total of 124 aircraft. The EMD contract and authorized LRIP lots total approximately $24 billion as of June 30, 2023. As of June 30, 2023, we had approximately $167 of capitalized precontract costs and $143 of potential termination liabilities to suppliers related to unexercised future lots. During the year ended December 31, 2022, we increased the reach-forward loss on the KC-46A Tanker program by $1,374. During the three months ended March 31, 2023, we increased the reach-forward loss on the KC-46A Tanker program by $245 resulting from factory disruption and additional rework due to a supplier quality issue. 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 includes development and delivery of seven aircraft and test articles at a contract price of $890. During the year ended December 31, 2022, we increased the MQ-25 reach-forward loss by $579. During the three months ended June 30, 2023, we increased the reach-forward loss by $68 primarily driven by production and flight testing delays for EMD aircraft. Risk remains that we may record additional losses in future periods.
T-7A Red Hawk EMD Contract & Production Options
In 2018, we were awarded the T-7A Red Hawk program. The EMD portion of the contract is a $860 fixed-price contract and includes five aircraft and seven simulators. During the year ended December 31, 2022, we recorded earnings charges of $203 related to the T-7A Red Hawk fixed-price EMD contract, which had a reach-forward loss at December 31, 2022. 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 the year ended December 31, 2022, we increased the reach-forward loss by $552. During the three months ended June 30, 2023, we increased the reach-forward loss on the T-7A program by $189 primarily reflecting higher estimated production costs. At June 30, 2023, we had approximately $97 of capitalized precontract costs and $391 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. During the second quarter of 2022 we successfully completed the uncrewed Orbital Flight Test. During the year ended December 31, 2022, we increased the reach-forward loss by $288. During the second quarter of 2023, we increased the reach-forward loss by $257 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. We anticipate being ready to launch later in 2023 or early 2024 and we are working with NASA to identify a new launch window. At June 30, 2023, we had approximately $189 of capitalized precontract costs and $198 of potential termination liabilities to suppliers related to fixed-price unauthorized future missions. Risk remains that we may record additional losses in future periods.
v3.23.2
Arrangements with Off-Balance Sheet Risk
 6 Months Ended
Jun. 30, 2023
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
June 30
2023		December 31
2022		June 30
2023		December 31
2022		June 30
2023		December 31
2022
Contingent repurchase commitments
$466 $514 $466 $514 
Credit guarantees
15 45  $14 $27 
Contingent Repurchase Commitments In conjunction with signing a definitive agreement for the sale of commercial aircraft, we have entered into contingent repurchase commitments with certain customers wherein we agree to repurchase the sold aircraft at a specified price, generally 10 to 15 years after delivery. Our repurchase of the aircraft is contingent upon entering into a mutually acceptable agreement for the sale of additional new aircraft in the future. The commercial aircraft repurchase price specified in
contingent repurchase commitments is generally lower than the expected fair value at the specified repurchase date. Estimated proceeds from collateral/recourse in the table above represent the lower of the contracted repurchase price or the expected fair value of each aircraft at the specified repurchase date.
If a future sale agreement is reached and a customer elects to exercise its right under a contingent repurchase commitment, the contingent repurchase commitment becomes a trade-in commitment. Our historical experience is that contingent repurchase commitments infrequently become trade-in commitments.
Credit Guarantees We have issued credit guarantees where we are obligated to make payments to a guaranteed party in the event that the original lessee or debtor does not make payments or perform certain specified services. Generally, these guarantees have been extended on behalf of guaranteed parties with less than investment-grade credit and are collateralized by certain assets. We record a liability for the fair value of guarantees and the expected contingent loss amount, which is reviewed quarterly. 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.
v3.23.2
Postretirement Plans
 6 Months Ended
Jun. 30, 2023
Retirement Benefits [Abstract]  
Postretirement Plans Postretirement Plans
The components of net periodic benefit (income)/cost were as follows:
Six months ended June 30Three months ended June 30
Pension Plans2023202220232022
Service cost$2 $2 $1 $1 
Interest cost1,410 1,041 705 521 
Expected return on plan assets(1,720)(1,895)(859)(948)
Amortization of prior service credits(41)(41)(21)(21)
Recognized net actuarial loss83 454 41 227 
Net periodic benefit income($266)($439)($133)($220)
Net periodic benefit cost included in (Loss)/earnings from operations$2 $2 $1 $1 
Net periodic benefit income included in Other income, net(268)(441)(134)(221)
Net periodic benefit income included in (Loss)/earnings before income taxes($266)($439)($133)($220)
Six months ended June 30Three months ended June 30
Other Postretirement Plans2023202220232022
Service cost$24 $36 $12 $18 
Interest cost74 49 37 25 
Expected return on plan assets(4)(5)(2)(3)
Amortization of prior service credits(11)(17)(5)(8)
Recognized net actuarial gain(88)(56)(44)(28)
Net periodic benefit (income)/cost($5)$7 ($2)$4 
Net periodic benefit cost included in (Loss)/earnings from operations$31 $39 $16 $20 
Net periodic benefit income included in Other income, net(29)(29)(14)(14)
Net periodic benefit cost included in (Loss)/earnings before income taxes$2 $10 $2 $6 
v3.23.2
Share-Based Compensation and Other Compensation Arrangements
 6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation and Other Compensation Arrangements Share-Based Compensation and Other Compensation Arrangements
Restricted Stock Units
On February 16, 2023, we granted 327,523 restricted stock units (RSU) to our executives as part of our long-term incentive program. The RSUs granted under this program have a grant date fair value of $214.35 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 February 16, 2023, we granted 195,526 performance restricted stock units (PRSU) to our elected executive officers as part of our long-term incentive program. The PRSUs granted under this program have a grant date fair value of $214.35 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, 2023 through December 31, 2025 as compared to goals set at the start of the performance period. The PRSUs granted under this program will vest at the payout amount and settle in common stock (on a one-for-one basis) on the third anniversary of the grant date. If an executive terminates employment because of retirement, layoff, disability, or death, the 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.
v3.23.2
Shareholders' Equity
 6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
Shareholders' Equity Shareholders' Equity
Additional Paid-in Capital
During the second quarter of 2023, Additional paid-in capital included a decrease of $267 largely related to a non-cash transaction to purchase shares in a consolidated subsidiary from the noncontrolling interests.
Accumulated Other Comprehensive Loss
Changes in Accumulated other comprehensive loss (AOCI) by component for the six and three months ended June 30, 2023 and 2022 were as follows:
Currency Translation AdjustmentsUnrealized Gains and Losses on Certain InvestmentsUnrealized Gains and Losses on Derivative InstrumentsDefined Benefit Pension Plans & Other Postretirement Benefits
Total (1)
Balance at January 1, 2022($105)$1 $6 ($11,561)($11,659)
Other comprehensive loss before reclassifications(52)(74)(126)
Amounts reclassified from AOCI
30 
(3)
268 
(2)
298 
Net current period Other comprehensive (loss)/income(52)(44)268 172 
Balance at June 30, 2022($157)$1 ($38)($11,293)($11,487)
Balance at January 1, 2023($167)($24)($9,359)($9,550)
Other comprehensive income/(loss) before reclassifications10 (25)(6)(21)
Amounts reclassified from AOCI
(2)(44)(46)
Net current period Other comprehensive income/(loss)10 (27)(50)(67)
Balance at June 30, 2023($157) ($51)($9,409)($9,617)
Balance at March 31, 2022($81)$1 $135 ($11,425)($11,370)
Other comprehensive loss before reclassifications(76)(168)(244)
Amounts reclassified from AOCI
(5)132 
(2)
127 
Net current period Other comprehensive (loss)/income(76)(173)132 (117)
Balance at June 30, 2022($157)$1 ($38)($11,293)($11,487)
Balance at March 31, 2023($151) ($11)($9,388)($9,550)
Other comprehensive (loss)/income before reclassifications(6)(43)1 (48)
Amounts reclassified from AOCI
3 (22)(19)
Net current period Other comprehensive loss(6)(40)(21)(67)
Balance at June 30, 2023($157) ($51)($9,409)($9,617)
(1)     Net of tax.
(2)    Primarily relates to amortization of actuarial losses for the six and three months ended June 30, 2022 totaling $314 and $155 (net of tax of ($84) and ($44)), which are included in the net periodic pension cost.
(3)    Includes losses of $39 (net of tax of ($11)) from cash flow hedges reclassified to Other income, net because the forecasted transactions are probable of not occurring.
v3.23.2
Derivative Financial Instruments
 6 Months Ended
Jun. 30, 2023
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 transactions, specifically forecasted sales and purchases made in foreign currencies. Our foreign currency contracts hedge forecasted transactions through 2031. We use commodity derivatives, such as fixed-price purchase commitments and swaps to hedge against potentially unfavorable price changes for commodities used in production. Our commodity contracts hedge forecasted transactions through 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
June 30
2023		December 31
2022		June 30
2023		December 31
2022		June 30
2023		December 31
2022
Derivatives designated as hedging instruments:
Foreign exchange contracts$2,399 $2,815 $34 $23 ($85)($122)
Commodity contracts568 602 89 115 (35)(9)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts458 462 6 5 (36)(42)
Commodity contracts163 412 2 (1)(1)
Total derivatives$3,588 $4,291 $129 $145 ($157)($174)
Netting arrangements(33)(33)33 33 
Net recorded balance$96 $112 ($124)($141)
(1)Notional amounts represent the gross contract/notional amount of the derivatives outstanding.
Gains/(losses) associated with our hedging transactions and forward points recognized in Other comprehensive (loss)/income are presented in the following table:
Six months ended June 30Three months ended June 30

2023202220232022
Recognized in Other comprehensive (loss)/income, net of taxes:
Foreign exchange contracts$11 ($104)$1 ($96)
Commodity contracts(36)30 (44)(72)
Gains/(losses) associated with our hedging transactions and forward points reclassified from AOCI to earnings are presented in the following table:
Six months ended June 30Three months ended June 30
2023202220232022
Foreign exchange contracts
Costs and expenses($6)$10 ($4)$5 
General and administrative expense(23)(7)(12)(6)
Commodity contracts
Costs and expenses27 7 10 6 
General and administrative expense5 2 3 1 
During the six months ended June 30, 2022, we reclassified losses associated with certain cash flow hedges of $50 from AOCI to Other income, net because it was probable the forecasted transactions would not occur. Losses related to undesignated derivatives on foreign exchange and commodity cash flow hedging transactions recognized in Other income, net were insignificant for the six months ended June 30, 2023 and 2022.
Based on our portfolio of cash flow hedges, we expect to reclassify losses of $22 (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 June 30, 2023 was $24. For other particular commodity contracts, our counterparties could require collateral posted in an amount determined by our credit ratings. At June 30, 2023, there was no collateral posted related to our derivatives.
v3.23.2
Fair Value Measurements
 6 Months Ended
Jun. 30, 2023
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.
June 30, 2023December 31, 2022
TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Assets
Money market funds$1,679 $1,679 $1,797 $1,797 
Available-for-sale debt investments:
Commercial paper254 $254 256 $256 
Corporate notes175 175 195 195 
U.S. government agencies70 7047 47 
Other equity investments8 8 10 10 
Derivatives96 96 112 112 
Total assets$2,282 $1,687 $595  $2,417 $1,807 $610  
Liabilities
Derivatives($124)($124)($141)($141)
Other(2)($2)
Total liabilities($126) ($124)($2)($141)($141)
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 using significant unobservable inputs (Level 3). The following table presents the nonrecurring losses recognized for the six months ended June 30 due to long-lived asset impairment and the fair value and asset classification of the related assets as of the impairment date:
20232022
Fair ValueTotal
Losses		Fair ValueTotal
Losses
Investments ($11)($31)
Customer financing assets
 $44 (2)
Property, plant and equipment  (19)
Other assets and Acquired intangible assets (1)1 (20)
Total ($12)$45 ($72)
Investments, Property, plant and equipment, Other assets and Acquired intangible assets were primarily valued using an income approach based on the discounted cash flows associated with the underlying assets. The fair value of the impaired customer financing assets includes operating lease equipment and
investments in sales type-leases/finance leases and is derived by calculating a median collateral value from a consistent group of third party aircraft value publications. The values provided by the third party aircraft publications are derived from their knowledge of market trades and other market factors. Management reviews the publications quarterly to assess the continued appropriateness and consistency with market trends. Under certain circumstances, we adjust values based on the attributes and condition of the specific aircraft or equipment, usually when the features or use of the aircraft vary significantly from the more generic aircraft attributes covered by third party publications, or on the expected net sales price for the aircraft.
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:
June 30, 2023
Carrying
Amount		Total Fair
Value		Level 1Level 2Level 3
Assets
Notes receivable, net$367 $374 $374 
Liabilities
Debt, excluding finance lease obligations (52,037)(49,345)(49,345)
December 31, 2022
Carrying
Amount		Total Fair
Value		Level 1Level 2Level 3
Assets
Notes receivable, net$385 $403 $403 
Liabilities
Debt, excluding finance lease obligations (56,794)(52,856)(52,856)
The fair values of notes receivable are estimated with discounted cash flow analysis using interest rates currently offered on loans with similar terms to borrowers of similar credit quality. The fair value of our debt that is traded in the secondary market is classified as Level 2 and is based on current market yields. For our debt that is not traded in the secondary market, the fair value is classified as Level 2 and is based on our indicative borrowing cost derived from dealer quotes or discounted cash flows. The fair values of our debt classified as Level 3 are based on discounted cash flow models using the implied yield from similar securities. With regard to other financial instruments with off-balance sheet risk, it is not practicable to estimate the fair value of our indemnifications and financing commitments because the amount and timing of those arrangements are uncertain. Items not included in the above disclosures include cash, restricted cash, time deposits and other deposits, commercial paper, money market funds, Accounts receivable, Unbilled receivables, Other current assets, Accounts payable and long-term payables. The carrying values of those items, as reflected in the Condensed Consolidated Statements of Financial Position, approximate their fair value at June 30, 2023 and December 31, 2022. 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).
v3.23.2
Legal Proceedings
 6 Months Ended
Jun. 30, 2023
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 U.S. government inquiries and investigations from which civil, criminal or administrative proceedings could result or have resulted in the past. Such proceedings involve or could involve claims by the government for fines, penalties, compensatory and treble damages, restitution and/or forfeitures. Under government regulations, a company, or one or more of its operating
divisions or subdivisions, can also be suspended or debarred from government contracts, or lose its export privileges, based on the results of investigations. Except as described below, we believe, based upon current information, that the outcome of any such legal proceeding, claim, or government dispute and investigation will not have a material effect on our financial position, results of operations or cash flows. Where it is reasonably possible that we will incur losses in excess of recorded amounts in connection with any of the matters set forth below, we will disclose either the amount or range of reasonably possible losses in excess of such amounts or, where no such amount or range can be reasonably estimated, the reasons why no such estimate can be made.
Multiple legal actions have been filed against us as a result of the October 29, 2018 accident of Lion Air Flight 610 and the March 10, 2019 accident of Ethiopian Airlines Flight 302. In January 2021, we entered into a Deferred Prosecution Agreement with the U.S. Department of Justice that resolved the Department’s investigation into matters concerning the 737 MAX. We remain subject to obligations under this three-year agreement, including reporting requirements and ongoing oversight by the Department of Justice of the Company’s compliance program. While we have resolved a number of other investigations and cases related to the 737 MAX, we cannot reasonably estimate a range of loss, if any, not covered by available insurance that we may incur as a result of the remaining pending lawsuits or other matters related to the accidents and the 737 MAX.
During 2019, we entered into agreements with Embraer S.A. (Embraer) to establish joint ventures that included the commercial aircraft and services operations of Embraer, of which we were expected to acquire an 80 percent ownership stake for $4,200, as well as a joint venture to promote and develop new markets for the C-390 Millennium. In 2020, we exercised our contractual right to terminate these agreements based on Embraer’s failure to meet certain required closing conditions. Embraer has disputed our right to terminate the agreements, and the dispute is currently in arbitration. We cannot reasonably estimate a range of loss, if any, that may result from the arbitration, which we currently expect to be completed in late 2023 or early 2024.
v3.23.2
Segment and Revenue Information
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Segment and Revenue Information Segment and Revenue Information
Segment results reflect the realignment of the Boeing Customer Financing team and portfolio into the BCA segment during the first quarter of 2023. Interest and debt expense now includes interest and debt expense previously attributable to Boeing Capital and classified as a component of Total Costs and Expenses ("Cost of Sales"). Prior period amounts have been reclassified to conform to the current period presentation.
Our primary profitability measurement to review a segment’s operating results is (Loss)/earnings from operations. We operate in three reportable segments: BCA, BDS, and BGS. All other activities fall within Unallocated items, eliminations and other. See page 7 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)Six months ended June 30Three months ended June 30
2023202220232022
Revenue from contracts with customers:
Europe$3,393 $2,254 $2,038 $1,220 
Latin America and Caribbean204 1,136 98 308 
Asia2,355 2,027 1,549 1,298 
Middle East1,466 1,088 750 770 
Other non-U.S.878 568 631 387 
Total non-U.S. revenues8,296 7,073 5,066 3,983 
United States7,175 3,363 3,740 2,238 
Estimated potential concessions and other considerations to 737 MAX customers, net26 (17)26 17 
Total revenues from contracts with customers15,497 10,419 8,832 6,238 
Intersegment revenues eliminated on consolidation47 33 8 20 
Total segment revenues$15,544 $10,452 $8,840 $6,258 
Revenue recognized on fixed-price contracts100 %100 %100 %100 %
Revenue recognized at a point in time99 %99 %99 %99 %
BDS revenues on contracts with customers, based on the customer's location, consisted of the following:
(Dollars in millions)Six months ended June 30Three months ended June 30
2023202220232022
Revenue from contracts with customers:
U.S. customers$10,338 $8,782 $5,028 $4,634 
Non-U.S. customers(1)
2,368 2,892 1,139 1,557 
Total segment revenue from contracts with customers$12,706 $11,674 $6,167 $6,191 
Revenue recognized over time99 %99 %99 %99 %
Revenue recognized on fixed-price contracts59 %62 %57 %61 %
Revenue from the U.S. government(1)
90 %89 %90 %89 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
BGS revenues consisted of the following:
(Dollars in millions)Six months ended June 30Three months ended June 30
2023202220232022
Revenue from contracts with customers:
Commercial$5,419 $4,637 $2,703 $2,361 
Government3,874 3,810 1,948 1,842 
Total revenues from contracts with customers9,293 8,447 4,651 4,203 
Intersegment revenues eliminated on consolidation173 165 95 95 
Total segment revenues$9,466 $8,612 $4,746 $4,298 
Revenue recognized at a point in time51 %49 %51 %49 %
Revenue recognized on fixed-price contracts87 %88 %87 %88 %
Revenue from the U.S. government(1)
31 %34 %31 %33 %
(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 June 30, 2023 was $439,564. We expect approximately 26% to be converted to revenue through 2024 and approximately 77% through 2027, with the remainder thereafter. There is significant uncertainty regarding the timing of when backlog will convert into revenue due to timing of 737 and 787 deliveries from inventory and timing of 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.
Six months ended June 30Three months ended June 30
2023202220232022
Share-based plans($38)($108)$14 ($25)
Deferred compensation(96)166 (42)124 
Amortization of previously capitalized interest(47)(47)(24)(24)
Research and development expense, net(149)(118)(73)(66)
Eliminations and other unallocated items(466)(228)(211)(93)
Unallocated items, eliminations and other
($796)($335)($336)($84)
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:
Six months ended June 30Three months ended June 30
2023202220232022
Pension FAS/CAS service cost adjustment$445 $413 $222 $205 
Postretirement FAS/CAS service cost adjustment137 154 69 79 
FAS/CAS service cost adjustment$582 $567 $291 $284 
Assets
Segment assets are summarized in the table below:
June 30
2023		December 31
2022
Commercial Airplanes$76,663 $76,825 
Defense, Space & Security15,011 14,426 
Global Services16,374 16,149 
Unallocated items, eliminations and other26,726 29,700 
Total$134,774 $137,100 
Assets included in Unallocated items, eliminations and other primarily consist of Cash and cash equivalents, Short-term and other investments, tax assets, capitalized interest and assets managed centrally on behalf of the three principal business segments and intercompany eliminations.
v3.23.2
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Pay vs Performance Disclosure        
Net Income (Loss) $ (149) $ 193 $ (563) $ (1,026)
v3.23.2
Insider Trading Arrangements
 3 Months Ended
Jun. 30, 2023
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
v3.23.2
Basis of Presentation (Policy)
 6 Months Ended
Jun. 30, 2023
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
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 sales and costs for a long-term contract, and/or contractual options that are probable of exercise, indicate a loss, a provision for the entire loss 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, less earnings available to participating securities, divided by the basic weighted average common shares outstanding.
Diluted earnings per share is calculated by taking net earnings, less earnings available to participating securities, divided by the diluted weighted average common shares outstanding.
Backlog Our total backlog includes contracts that we and our customers are committed to perform. The value in backlog represents the estimated transaction prices on performance obligations to our customers for which work remains to be performed. Backlog is converted into revenue, primarily based on the cost incurred or at delivery and acceptance of products, depending on the applicable revenue recognition model.
v3.23.2
Summary of Business Segment Data (Tables)
 6 Months Ended
Jun. 30, 2023
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Schedule of Segment Reporting Information, by Segment
(Dollars in millions)Six months ended June 30Three months ended June 30
2023202220232022
Revenues:
Commercial Airplanes$15,544 $10,452 $8,840 $6,258 
Defense, Space & Security12,706 11,674 6,167 6,191 
Global Services9,466 8,612 4,746 4,298 
Unallocated items, eliminations and other(44)(66)(2)(66)
Total revenues$37,672 $30,672 $19,751 $16,681 
(Loss)/earnings from operations:
Commercial Airplanes($998)($1,116)($383)($219)
Defense, Space & Security(739)(858)(527)71 
Global Services1,703 1,360 856 728 
Segment operating (loss)/earnings(34)(614)(54)580 
Unallocated items, eliminations and other(796)(335)(336)(84)
FAS/CAS service cost adjustment582 567 291 284 
(Loss)/earnings from operations(248)(382)(99)780 
Other income, net622 434 320 253 
Interest and debt expense(1,270)(1,293)(621)(656)
(Loss)/earnings before income taxes(896)(1,241)(400)377 
Income tax benefit/(expense)322 159 251 (217)
Net (loss)/earnings(574)(1,082)(149)160 
Less: net loss attributable to noncontrolling interest(11)(56) (33)
Net (loss)/earnings attributable to Boeing Shareholders($563)($1,026)($149)$193 
v3.23.2
Basis of Presentation (Tables)
 6 Months Ended
Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Change in Accounting Estimate
Net cumulative catch-up adjustments to prior periods' revenue and earnings, including certain losses, across all long-term contracts were as follows:
(In millions - except per share amounts)Six months ended June 30Three months ended June 30
2023202220232022
Decrease to Revenue($782)($885)($470)($273)
Increase to (Loss)/(decrease) to earnings from operations($1,348)($1,541)($830)($411)
Decrease to Diluted EPS($1.43)($2.27)($0.51)($0.29)
v3.23.2
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Schedule of Weighted Average Number of Shares
The elements used in the computation of basic and diluted (loss)/earnings per share were as follows:
(In millions - except per share amounts)Six months ended June 30Three months ended June 30
2023202220232022
Net (loss)/earnings available to common shareholders($563)($1,026)($149)$193 
Basic
Basic weighted average shares outstanding
603.9 592.8 605.5 594.0 
Less: participating securities(1)
0.3 0.3 0.3 0.3 
Basic weighted average common shares outstanding
603.6 592.5 605.2 593.7 
Diluted
Basic weighted average shares outstanding
603.9 592.8 605.5 594.0 
Dilutive potential common shares(2)
2.4 
Diluted weighted average shares outstanding
603.9 592.8 605.5 596.4 
Less: participating securities(1)
0.3 0.3 0.3 0.3 
Diluted weighted average common shares outstanding
603.6 592.5 605.2 596.1 
Net (loss)/earnings per share:
Basic
($0.93)($1.73)($0.25)$0.32 
Diluted
(0.93)(1.73)(0.25)0.32 
(1)Participating securities include certain instruments in our deferred compensation plan.
(2)Diluted (loss)/earnings per share includes any dilutive impact of stock options, restricted stock units,
performance-based restricted stock units and performance awards.
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)/earnings per share because the effect was antidilutive based on their strike price or the performance condition was not met.
(Shares in millions)Six months ended June 30Three months ended June 30
2023202220232022
Performance awards 1.9  2.3 
Performance-based restricted stock units 0.4  0.4 
Restricted stock units 1.2  2.0 
Stock options0.8 0.7 0.8 0.8 
v3.23.2
Allowances for Losses on Financial Assets (Tables)
 6 Months Ended
Jun. 30, 2023
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 six months ended June 30, 2023 and 2022 consisted of the following:
Accounts receivable Unbilled receivablesOther current assetsCustomer financingOther assetsTotal
Balance at January 1, 2022($390)($91)($62)($18)($186)($747)
Changes in estimates(5)18 1 (42)(27)(55)
Write-offs242 47 133 422 
Recoveries5 5 
Balance at June 30, 2022
($148)($26)($61)($60)($80)($375)
Balance at January 1, 2023($116)($23)($85)($55)($88)($367)
Changes in estimates(5)2 15 2 (12)2 
Write-offs24 4 28 
Recoveries2 2 
Balance at June 30, 2023
($95)($21)($66)($53)($100)($335)
v3.23.2
Inventories (Tables)
 6 Months Ended
Jun. 30, 2023
Inventory Disclosure [Abstract]  
Schedule of Inventory, Current
Inventories consisted of the following:
June 30
2023		December 31
2022
Long-term contracts in progress$211 $582 
Commercial aircraft programs67,850 67,702 
Capitalized precontract costs(1)
821 794 
Commercial spare parts, used aircraft, general stock materials and other
9,440 9,073 
Total$78,322 $78,151 
(1) Capitalized precontract costs at June 30, 2023 and December 31, 2022 includes amounts related to KC-46A Tanker, Commercial Crew, and T-7 Production Options. See Note 9.
v3.23.2
Customer Financing (Tables)
 6 Months Ended
Jun. 30, 2023
Customer Financing [Abstract]  
Schedule of Customer Financing
Customer financing consisted of the following:
June 30
2023		December 31
2022
Financing receivables:
Investment in sales-type/finance leases$673 $804 
Notes203 385 
Total financing receivables
876 1,189 
Less allowance for losses on receivables53 55 
Financing receivables, net823 1,134 
Operating lease equipment, at cost, less accumulated depreciation of $69 and $76
367 470 
Total$1,190 $1,604 
Financing Receivable Credit Quality Indicators
Our financing receivable balances at June 30, 2023 by internal credit rating category and year of origination consisted of the following:
Rating categoriesCurrent2022202120202019PriorTotal
BBB$33 $33 
BB$47 $33 $209 $107 $38 155 589 
B17 17 
CCC10 35 192 237 
Total carrying value of financing receivables$57 $33 $244 $107 $55 $380 $876 
Schedule of Customer Financing Carrying Values Related to Major Aircraft Concentrations
The majority of our gross customer financing portfolio is concentrated in the following aircraft models:
June 30
2023		December 31
2022
717 Aircraft ($0 and $45 accounted for as operating leases)
$495 $563 
747-8 Aircraft (accounted for as sales-type/finance leases)217 394 
737 Aircraft ($151 and $174 accounted for as operating leases)
171 186 
777 Aircraft (accounted for as operating leases)202 209 
MD-80 Aircraft (accounted for as sales-type/finance leases)96 
757 Aircraft (accounted for as sales-type/finance leases)98 107 
747-400 Aircraft (accounted for as sales-type/finance leases)44 46 
v3.23.2
Investments (Tables)
 6 Months Ended
Jun. 30, 2023
Investments [Abstract]  
Schedule of Investments
Our investments, which are recorded in Short-term and other investments or Investments, consisted of the following:
June 30
2023		December 31
2022
Equity method investments (1)
$993 $948 
Time deposits5,988 2,093 
Available-for-sale debt investments499 479 
Equity and other investments32 36 
Restricted cash & cash equivalents(2)
21 33 
Total$7,533 $3,589 
(1)Dividends received were $5 during the six and three months ended June 30, 2023 and $43 and $16 during the same periods in prior year.
(2)Reflects amounts restricted in support of our property sales, workers’ compensation programs, and insurance premiums.
v3.23.2
Liabilities, Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 30, 2023
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 six months ended June 30, 2023 and 2022.
20232022
Beginning balance – January 1$1,864 $2,940 
Reductions for payments made(273)(844)
Reductions for concessions and other in-kind considerations(51)(5)
Changes in estimates(26)17 
Ending balance – June 30$1,514 $2,108 
Schedule of Environmental Remediation Activity
The following table summarizes changes in environmental remediation liabilities during the six months ended June 30, 2023 and 2022.
20232022
Beginning balance – January 1$752 $605 
Reductions for payments made, net of recoveries(24)(11)
Changes in estimates72 131 
Ending balance – June 30$800 $725 
Schedule of Product Warranty Activity
The following table summarizes changes in product warranty liabilities recorded during the six months ended June 30, 2023 and 2022.
20232022
Beginning balance – January 1$2,275 $1,900 
Additions for current year deliveries92 89 
Reductions for payments made(179)(220)
Changes in estimates338 261 
Ending balance – June 30$2,526 $2,030 
Schedule of Contractual Obligation, Fiscal Year Maturity The estimated earliest potential funding dates for these commitments as of June 30, 2023 are as follows:

Total
July through December 2023
$913 
20242,871 
20253,407 
20264,798 
20272,161 
Thereafter2,273 
$16,423 
v3.23.2
Arrangements with Off-Balance Sheet Risk (Tables)
 6 Months Ended
Jun. 30, 2023
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
June 30
2023		December 31
2022		June 30
2023		December 31
2022		June 30
2023		December 31
2022
Contingent repurchase commitments
$466 $514 $466 $514 
Credit guarantees
15 45  $14 $27 
v3.23.2
Postretirement Plans (Tables)
 6 Months Ended
Jun. 30, 2023
Retirement Benefits [Abstract]  
Components of Net Periodic Benefit Cost
The components of net periodic benefit (income)/cost were as follows:
Six months ended June 30Three months ended June 30
Pension Plans2023202220232022
Service cost$2 $2 $1 $1 
Interest cost1,410 1,041 705 521 
Expected return on plan assets(1,720)(1,895)(859)(948)
Amortization of prior service credits(41)(41)(21)(21)
Recognized net actuarial loss83 454 41 227 
Net periodic benefit income($266)($439)($133)($220)
Net periodic benefit cost included in (Loss)/earnings from operations$2 $2 $1 $1 
Net periodic benefit income included in Other income, net(268)(441)(134)(221)
Net periodic benefit income included in (Loss)/earnings before income taxes($266)($439)($133)($220)
Six months ended June 30Three months ended June 30
Other Postretirement Plans2023202220232022
Service cost$24 $36 $12 $18 
Interest cost74 49 37 25 
Expected return on plan assets(4)(5)(2)(3)
Amortization of prior service credits(11)(17)(5)(8)
Recognized net actuarial gain(88)(56)(44)(28)
Net periodic benefit (income)/cost($5)$7 ($2)$4 
Net periodic benefit cost included in (Loss)/earnings from operations$31 $39 $16 $20 
Net periodic benefit income included in Other income, net(29)(29)(14)(14)
Net periodic benefit cost included in (Loss)/earnings before income taxes$2 $10 $2 $6 
v3.23.2
Shareholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
Changes in Accumulated other comprehensive loss (AOCI) by component for the six and three months ended June 30, 2023 and 2022 were as follows:
Currency Translation AdjustmentsUnrealized Gains and Losses on Certain InvestmentsUnrealized Gains and Losses on Derivative InstrumentsDefined Benefit Pension Plans & Other Postretirement Benefits
Total (1)
Balance at January 1, 2022($105)$1 $6 ($11,561)($11,659)
Other comprehensive loss before reclassifications(52)(74)(126)
Amounts reclassified from AOCI
30 
(3)
268 
(2)
298 
Net current period Other comprehensive (loss)/income(52)(44)268 172 
Balance at June 30, 2022($157)$1 ($38)($11,293)($11,487)
Balance at January 1, 2023($167)($24)($9,359)($9,550)
Other comprehensive income/(loss) before reclassifications10 (25)(6)(21)
Amounts reclassified from AOCI
(2)(44)(46)
Net current period Other comprehensive income/(loss)10 (27)(50)(67)
Balance at June 30, 2023($157) ($51)($9,409)($9,617)
Balance at March 31, 2022($81)$1 $135 ($11,425)($11,370)
Other comprehensive loss before reclassifications(76)(168)(244)
Amounts reclassified from AOCI
(5)132 
(2)
127 
Net current period Other comprehensive (loss)/income(76)(173)132 (117)
Balance at June 30, 2022($157)$1 ($38)($11,293)($11,487)
Balance at March 31, 2023($151) ($11)($9,388)($9,550)
Other comprehensive (loss)/income before reclassifications(6)(43)1 (48)
Amounts reclassified from AOCI
3 (22)(19)
Net current period Other comprehensive loss(6)(40)(21)(67)
Balance at June 30, 2023($157) ($51)($9,409)($9,617)
(1)     Net of tax.
(2)    Primarily relates to amortization of actuarial losses for the six and three months ended June 30, 2022 totaling $314 and $155 (net of tax of ($84) and ($44)), which are included in the net periodic pension cost.
(3)    Includes losses of $39 (net of tax of ($11)) from cash flow hedges reclassified to Other income, net because the forecasted transactions are probable of not occurring.
v3.23.2
Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2023
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
June 30
2023		December 31
2022		June 30
2023		December 31
2022		June 30
2023		December 31
2022
Derivatives designated as hedging instruments:
Foreign exchange contracts$2,399 $2,815 $34 $23 ($85)($122)
Commodity contracts568 602 89 115 (35)(9)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts458 462 6 5 (36)(42)
Commodity contracts163 412 2 (1)(1)
Total derivatives$3,588 $4,291 $129 $145 ($157)($174)
Netting arrangements(33)(33)33 33 
Net recorded balance$96 $112 ($124)($141)
(1)Notional amounts represent the gross contract/notional amount of the derivatives outstanding.
Schedule of Derivative Instruments, Gains/(Losses) in Statement of Financial Performance
Gains/(losses) associated with our hedging transactions and forward points recognized in Other comprehensive (loss)/income are presented in the following table:
Six months ended June 30Three months ended June 30

2023202220232022
Recognized in Other comprehensive (loss)/income, net of taxes:
Foreign exchange contracts$11 ($104)$1 ($96)
Commodity contracts(36)30 (44)(72)
Reclassification Out of Accumulated Other Comprehensive Income
Gains/(losses) associated with our hedging transactions and forward points reclassified from AOCI to earnings are presented in the following table:
Six months ended June 30Three months ended June 30
2023202220232022
Foreign exchange contracts
Costs and expenses($6)$10 ($4)$5 
General and administrative expense(23)(7)(12)(6)
Commodity contracts
Costs and expenses27 7 10 6 
General and administrative expense5 2 3 1 
v3.23.2
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2023
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.
June 30, 2023December 31, 2022
TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Assets
Money market funds$1,679 $1,679 $1,797 $1,797 
Available-for-sale debt investments:
Commercial paper254 $254 256 $256 
Corporate notes175 175 195 195 
U.S. government agencies70 7047 47 
Other equity investments8 8 10 10 
Derivatives96 96 112 112 
Total assets$2,282 $1,687 $595  $2,417 $1,807 $610  
Liabilities
Derivatives($124)($124)($141)($141)
Other(2)($2)
Total liabilities($126) ($124)($2)($141)($141)
Fair Value, Assets Measured on Nonrecurring Basis Using Unobservable Inputs The following table presents the nonrecurring losses recognized for the six months ended June 30 due to long-lived asset impairment and the fair value and asset classification of the related assets as of the impairment date:
20232022
Fair ValueTotal
Losses		Fair ValueTotal
Losses
Investments ($11)($31)
Customer financing assets
 $44 (2)
Property, plant and equipment  (19)
Other assets and Acquired intangible assets (1)1 (20)
Total ($12)$45 ($72)
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:
June 30, 2023
Carrying
Amount		Total Fair
Value		Level 1Level 2Level 3
Assets
Notes receivable, net$367 $374 $374 
Liabilities
Debt, excluding finance lease obligations (52,037)(49,345)(49,345)
December 31, 2022
Carrying
Amount		Total Fair
Value		Level 1Level 2Level 3
Assets
Notes receivable, net$385 $403 $403 
Liabilities
Debt, excluding finance lease obligations (56,794)(52,856)(52,856)
v3.23.2
Segment and Revenue Information (Tables)
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Schedule of Disaggregation of Revenue
BCA revenues by customer location consisted of the following:
(Dollars in millions)Six months ended June 30Three months ended June 30
2023202220232022
Revenue from contracts with customers:
Europe$3,393 $2,254 $2,038 $1,220 
Latin America and Caribbean204 1,136 98 308 
Asia2,355 2,027 1,549 1,298 
Middle East1,466 1,088 750 770 
Other non-U.S.878 568 631 387 
Total non-U.S. revenues8,296 7,073 5,066 3,983 
United States7,175 3,363 3,740 2,238 
Estimated potential concessions and other considerations to 737 MAX customers, net26 (17)26 17 
Total revenues from contracts with customers15,497 10,419 8,832 6,238 
Intersegment revenues eliminated on consolidation47 33 8 20 
Total segment revenues$15,544 $10,452 $8,840 $6,258 
Revenue recognized on fixed-price contracts100 %100 %100 %100 %
Revenue recognized at a point in time99 %99 %99 %99 %
BDS revenues on contracts with customers, based on the customer's location, consisted of the following:
(Dollars in millions)Six months ended June 30Three months ended June 30
2023202220232022
Revenue from contracts with customers:
U.S. customers$10,338 $8,782 $5,028 $4,634 
Non-U.S. customers(1)
2,368 2,892 1,139 1,557 
Total segment revenue from contracts with customers$12,706 $11,674 $6,167 $6,191 
Revenue recognized over time99 %99 %99 %99 %
Revenue recognized on fixed-price contracts59 %62 %57 %61 %
Revenue from the U.S. government(1)
90 %89 %90 %89 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
BGS revenues consisted of the following:
(Dollars in millions)Six months ended June 30Three months ended June 30
2023202220232022
Revenue from contracts with customers:
Commercial$5,419 $4,637 $2,703 $2,361 
Government3,874 3,810 1,948 1,842 
Total revenues from contracts with customers9,293 8,447 4,651 4,203 
Intersegment revenues eliminated on consolidation173 165 95 95 
Total segment revenues$9,466 $8,612 $4,746 $4,298 
Revenue recognized at a point in time51 %49 %51 %49 %
Revenue recognized on fixed-price contracts87 %88 %87 %88 %
Revenue from the U.S. government(1)
31 %34 %31 %33 %
(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.
Six months ended June 30Three months ended June 30
2023202220232022
Share-based plans($38)($108)$14 ($25)
Deferred compensation(96)166 (42)124 
Amortization of previously capitalized interest(47)(47)(24)(24)
Research and development expense, net(149)(118)(73)(66)
Eliminations and other unallocated items(466)(228)(211)(93)
Unallocated items, eliminations and other
($796)($335)($336)($84)
Components of Financial Accounting Standards and Cost Accounting Standards Adjustment Components of FAS/CAS service cost adjustment are shown in the following table:
Six months ended June 30Three months ended June 30
2023202220232022
Pension FAS/CAS service cost adjustment$445 $413 $222 $205 
Postretirement FAS/CAS service cost adjustment137 154 69 79 
FAS/CAS service cost adjustment$582 $567 $291 $284 
Reconciliation of Assets from Segment to Consolidated
Segment assets are summarized in the table below:
June 30
2023		December 31
2022
Commercial Airplanes$76,663 $76,825 
Defense, Space & Security15,011 14,426 
Global Services16,374 16,149 
Unallocated items, eliminations and other26,726 29,700 
Total$134,774 $137,100 
v3.23.2
Summary of Business Segment Data - Schedule of Segment Reporting Information, by Segment (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Segment Reporting Information [Line Items]        
Total revenues $ 19,751 $ 16,681 $ 37,672 $ 30,672
(Loss)/earnings from operations (99) 780 (248) (382)
Other income, net 320 253 622 434
Interest and debt expense (621) (656) (1,270) (1,293)
(Loss)/earnings before income taxes (400) 377 (896) (1,241)
Income tax benefit/(expense) 251 (217) 322 159
Net (loss)/earnings (149) 160 (574) (1,082)
Less: net loss attributable to noncontrolling interest (33) (11) (56)
Net (loss)/earnings attributable to Boeing Shareholders (149) 193 (563) (1,026)
Operating Segments        
Segment Reporting Information [Line Items]        
(Loss)/earnings from operations (54) 580 (34) (614)
Operating Segments | Commercial Airplanes        
Segment Reporting Information [Line Items]        
Total revenues 8,840 6,258 15,544 10,452
(Loss)/earnings from operations (383) (219) (998) (1,116)
Operating Segments | Defense, Space & Security        
Segment Reporting Information [Line Items]        
Total revenues 6,167 6,191 12,706 11,674
(Loss)/earnings from operations (527) 71 (739) (858)
Operating Segments | Global Services        
Segment Reporting Information [Line Items]        
Total revenues 4,746 4,298 9,466 8,612
(Loss)/earnings from operations 856 728 1,703 1,360
Unallocated items, eliminations and other        
Segment Reporting Information [Line Items]        
Total revenues (2) (66) (44) (66)
Unallocated items, eliminations and other (336) (84) (796) (335)
FAS/CAS service cost adjustment $ 291 $ 284 $ 582 $ 567
v3.23.2
Basis of Presentation - Schedule of Change in Accounting Estimate (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]        
Decrease to Revenue $ (470) $ (273) $ (782) $ (885)
Increase to (Loss)/(decrease) to earnings from operations $ (830) $ (411) $ (1,348) $ (1,541)
Decrease to Diluted EPS (in dollars per share) $ (0.51) $ (0.29) $ (1.43) $ (2.27)
v3.23.2
Earnings Per Share - Schedule of Weighted Average Number of Shares (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Earnings Per Share [Abstract]        
Net (loss)/earnings available to common shareholders $ (149) $ 193 $ (563) $ (1,026)
Weighted average number of shares issued, basic (in shares) 605.5 594.0 603.9 592.8
Participating securities (in shares) 0.3 0.3 0.3 0.3
Weighted average number of shares issued, basic (in shares) 605.2 593.7 603.6 592.5
Dilutive potential common shares (in shares) 2.4
Diluted weighted average shares outstanding (in shares) 605.5 596.4 603.9 592.8
Participating securities (in shares) 0.3 0.3 0.3 0.3
Weighted average diluted shares (millions) (in shares) 605.2 596.1 603.6 592.5
Basic (loss)/earnings per share (in dollars per share) $ (0.25) $ 0.32 $ (0.93) $ (1.73)
Diluted (loss)/earnings per share (in dollars per share) $ (0.25) $ 0.32 $ (0.93) $ (1.73)
v3.23.2
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 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Shares excluded from the computation of diluted earnings (in shares) 5.5   5.4 3.0
Performance awards | 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) 2.3 1.9
Performance-based 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) 0.4 0.4
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) 2.0 1.2
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 0.8 0.7
v3.23.2
Earnings Per Share - Narrative (Details) - shares
shares in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2023
Jun. 30, 2022
Earnings Per Share [Abstract]      
Shares excluded from the computation of diluted earnings (in shares) 5.5 5.4 3.0
v3.23.2
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Valuation Allowance [Line Items]        
Effective income tax rate 62.80% 35.90% 12.80%  
Valuation allowance       $ 3,162
Decrease in unrecognized tax benefits is reasonably possible $ 620 $ 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
v3.23.2
Allowances for Losses on Financial Assets - Schedule of Financial Assets, Allowance for Credit Loss (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]    
Account receivable, allowance for credit loss, beginning balance $ (116) $ (390)
Unbilled receivables, allowance for credit loss, beginning balance (23) (91)
Allowance for credit loss, beginning balance (367) (747)
Customer financing, allowance for credit loss, beginning balance (55) (18)
Accounts receivable, changes in estimates (5) (5)
Unbilled receivables, changes in estimates 2 18
Changes in estimates 2 (55)
Customer financing, changes in estimates, rounding 2  
Customer financing, changes in estimates 3 (42)
Accounts receivable, write-offs 24 242
Unbilled receivables, write-offs   47
Write-offs 28 422
Accounts receivable, recovery 2 5
Recoveries 2 5
Account receivable, allowance for credit loss, ending balance (95) (148)
Unbilled receivables, allowance for credit loss, ending balance (21) (26)
Customer financing, allowance for credit loss, ending balance (53) (60)
Allowance for credit loss, ending balance (335) (375)
Other current assets    
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]    
Allowance for credit loss, beginning balance (85) (62)
Changes in estimates 15 1
Write-offs 4  
Allowance for credit loss, ending balance (66) (61)
Other assets    
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]    
Allowance for credit loss, beginning balance (88) (186)
Changes in estimates (12) (27)
Write-offs   133
Allowance for credit loss, ending balance $ (100) $ (80)
v3.23.2
Inventories - Schedule of Inventory, Current (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Inventory Disclosure [Abstract]    
Long-term contracts in progress $ 211 $ 582
Commercial aircraft programs 67,850 67,702
Capitalized precontract costs 821 794
Commercial spare parts, used aircraft, general stock materials and other 9,440 9,073
Total $ 78,322 $ 78,151
v3.23.2
Inventories - Narrative (Details)
$ in Millions
 6 Months Ended
Jun. 30, 2023
USD ($)
aircraft
Jun. 30, 2022
USD ($)
Dec. 31, 2022
USD ($)
aircraft
Early Issue Sales Consideration      
Inventory [Line Items]      
Inventory subject to uncertainty $ 3,625   $ 3,586
Airplane Program 737      
Inventory [Line Items]      
Number of commercial aircraft program | aircraft 220   250
Deferred production costs $ 4,739   $ 2,955
Unamortized tooling and other non-recurring costs 591   $ 626
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from firm orders at the balance sheet date 5,297    
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from future orders $ 33    
Airplane Program 787      
Inventory [Line Items]      
Number of commercial aircraft program | aircraft 85   100
Deferred production costs $ 12,193   $ 12,689
Unamortized tooling and other non-recurring costs 1,600   1,722
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from firm orders at the balance sheet date 11,823    
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from future orders 1,970    
Abnormal production costs 693 $ 595  
Supplier advances 1,765   1,831
Airplane Program 777x      
Inventory [Line Items]      
Deferred production costs 1,385   1,330
Unamortized tooling and other non-recurring costs 3,868   3,774
Inventory, work in process 4,226   $ 4,059
Abnormal production costs $ 262 $ 102  
v3.23.2
Contracts with Customers - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]          
Unbilled receivables, net $ 9,357   $ 9,357   $ 8,634
Advances and progress billings 55,310   55,310   $ 53,081
Contract with customer, liability, revenue recognized $ 4,004 $ 3,413 $ 7,885 $ 6,814  
v3.23.2
Customer Financing - Schedule of Customer Financing (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Jun. 30, 2022
Dec. 31, 2021
Customer Financing [Abstract]        
Investment in sales-type/finance leases $ 673 $ 804    
Notes 203 385    
Total financing receivables 876 1,189    
Less allowance for losses on receivables 53 55 $ 60 $ 18
Financing receivables, net 823 1,134    
Operating lease equipment, at cost, less accumulated depreciation of $69 and $76 367 470    
Total 1,190 1,604    
Operating lease equipment, accumulated depreciation $ 69 $ 76    
v3.23.2
Customer Financing - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Customer Financing [Line Items]          
Financing receivable, nonaccrual, no allowance $ 238   $ 238   $ 405
Sales-type and direct financing leases, lease income 14 $ 18 29 $ 36  
Operating lease, lease income $ 16 $ 17 $ 27 $ 32  
Operating lease, lease income, statement of income or comprehensive income [Extensible Enumeration] Total revenues Total revenues Total revenues Total revenues  
Operating lease, variable lease income $ 1 $ 1 $ 1 $ 5  
Sales-type and direct financing leases, profit (loss) 8 8 20 12  
Financing receivable, nonaccrual, interest income $ 58 $ 3 $ 62 $ 6  
Minimum          
Customer Financing [Line Items]          
Lessee, finance lease, term of contract (in years) 1 year   1 year    
Maximum          
Customer Financing [Line Items]          
Lessee, finance lease, term of contract (in years) 12 years   12 years    
CCC          
Customer Financing [Line Items]          
Percentage of credit default rates applied to customers 100.00%   100.00%    
B          
Customer Financing [Line Items]          
Percentage of credit default rates applied to customers 0.00%   0.00%    
BB          
Customer Financing [Line Items]          
Percentage of credit default rates applied to customers 2.70%   2.70%    
BBB          
Customer Financing [Line Items]          
Percentage of credit default rates applied to customers 0.10%   0.10%    
v3.23.2
Customer Financing - Financing Receivable Credit Quality Indicators (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]    
Current $ 57  
2022 33  
2021 244  
2020 107  
2019 55  
Prior 380  
Total financing receivables 876 $ 1,189
BBB    
Financing Receivable, Credit Quality Indicator [Line Items]    
Current  
2022  
2021  
2020  
2019  
Prior 33  
Total financing receivables 33  
BB    
Financing Receivable, Credit Quality Indicator [Line Items]    
Current 47  
2022 33  
2021 209  
2020 107  
2019 38  
Prior 155  
Total financing receivables 589  
B    
Financing Receivable, Credit Quality Indicator [Line Items]    
Current  
2022  
2021  
2020  
2019 17  
Prior  
Total financing receivables 17  
CCC    
Financing Receivable, Credit Quality Indicator [Line Items]    
Current 10  
2022  
2021 35  
2020  
2019  
Prior 192  
Total financing receivables $ 237  
v3.23.2
Customer Financing - Schedule of Customer Financing Carrying Values Related to Major Aircraft Concentrations (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Customer Financing [Line Items]    
Operating lease equipment $ 367 $ 470
B-717    
Customer Financing [Line Items]    
Gross customer financing 495 563
Operating lease equipment 0 45
B747-8    
Customer Financing [Line Items]    
Gross customer financing 217 394
B-737    
Customer Financing [Line Items]    
Gross customer financing 171 186
Operating lease equipment 151 174
B-777    
Customer Financing [Line Items]    
Gross customer financing 202 209
MD 80 Aircraft    
Customer Financing [Line Items]    
Gross customer financing 96
B-757    
Customer Financing [Line Items]    
Gross customer financing 98 107
B747-400    
Customer Financing [Line Items]    
Gross customer financing $ 44 $ 46
v3.23.2
Investments - Schedule of Investments (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Investments [Abstract]          
Equity method investments $ 993   $ 993   $ 948
Time deposits 5,988   5,988   2,093
Available-for-sale debt investments 499   499   479
Equity and other investments 32   32   36
Restricted cash & cash equivalents 21 $ 41 21 $ 41 33
Total 7,533   7,533   $ 3,589
Dividends received $ 5 $ 16 $ 5 $ 43  
v3.23.2
Liabilities, Commitments and Contingencies - Schedule of 737 Max Customer Concessions and Other Considerations Liability (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Customer Concession And Other Consideration Liability [Roll Forward]    
Ending balance – June 30 $ 1,500  
B-737    
Customer Concession And Other Consideration Liability [Roll Forward]    
Beginning balance – January 1 1,864 $ 2,940
Reductions for payments made (273) (844)
Reductions for concessions and other in-kind considerations (51) (5)
Changes in estimates (26) 17
Ending balance – June 30 $ 1,514 $ 2,108
v3.23.2
Liabilities, Commitments and Contingencies - Narrative (Details)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
USD ($)
aircraft
lot
Mar. 31, 2023
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2023
USD ($)
aircraft
lot
Jun. 30, 2022
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2018
USD ($)
simulator
aircraft
lot
Sep. 30, 2018
USD ($)
aircraft
Dec. 31, 2011
tanker
aircraft
lot
Commitments And Contingencies [Line Items]                  
737 MAX customer concessions and other considerations liability $ 1,500     $ 1,500          
Loss contingency, range of possible loss, portion not accrued 1,045     1,045   $ 1,058      
Contingent liabilities on outstanding letters of credit agreements and surety bonds 5,006     5,006   5,070      
Supplier finance program, obligation 2,600     2,600   2,500      
Increase to (Loss)/(decrease) to earnings from operations $ 830   $ 411 $ 1,348 $ 1,541        
Number of annual production lot | lot                 13
Minimum | Supplier Finance Program, Majority of Amounts Payable                  
Commitments And Contingencies [Line Items]                  
Supplier finance program, payment timing, period 30 days     30 days          
Maximum                  
Commitments And Contingencies [Line Items]                  
Supplier finance program, payment timing, period 12 months     12 months          
Maximum | Supplier Finance Program, Majority of Amounts Payable                  
Commitments And Contingencies [Line Items]                  
Supplier finance program, payment timing, period 90 days     90 days          
VC-25B                  
Commitments And Contingencies [Line Items]                  
Contract value $ 4,300     $ 4,300          
Number of commercial aircraft | aircraft 2     2          
Increase to (Loss)/(decrease) to earnings from operations           1,452      
KC-46A Tanker                  
Commitments And Contingencies [Line Items]                  
Contract value $ 24,000     $ 24,000          
Increase to (Loss)/(decrease) to earnings from operations   $ 245       1,374      
Number of generation aerial refueling tanker | tanker                 4
Number of aircraft | aircraft 124     124         179
Number of low rate initial production lot | lot 9     9          
KC-46A Tanker | Capitalized Precontract Costs                  
Commitments And Contingencies [Line Items]                  
Capitalized precontract costs $ 167     $ 167          
KC-46A Tanker | Potential Termination Liabilities                  
Commitments And Contingencies [Line Items]                  
Capitalized precontract costs 143     143          
MQ-25                  
Commitments And Contingencies [Line Items]                  
Contract value               $ 890  
Increase to (Loss)/(decrease) to earnings from operations 68         579      
Number of aircraft | aircraft               7  
T-7A EMD                  
Commitments And Contingencies [Line Items]                  
Contract value             $ 860    
Increase to (Loss)/(decrease) to earnings from operations           203      
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]                  
Increase to (Loss)/(decrease) to earnings from operations 189         552      
Number of annual production lot | lot             11    
T-7A Production | Capitalized Precontract Costs                  
Commitments And Contingencies [Line Items]                  
Capitalized precontract costs 97     97          
T-7A Production | Potential Termination Liabilities                  
Commitments And Contingencies [Line Items]                  
Capitalized precontract costs 391     391          
Commercial Crew                  
Commitments And Contingencies [Line Items]                  
Increase to (Loss)/(decrease) to earnings from operations 257         288      
Commercial Crew | Capitalized Precontract Costs                  
Commitments And Contingencies [Line Items]                  
Capitalized precontract costs 189     189          
Commercial Crew | Potential Termination Liabilities                  
Commitments And Contingencies [Line Items]                  
Capitalized precontract costs 198     198          
Financing Commitment                  
Commitments And Contingencies [Line Items]                  
Other commitment 16,423     16,423   16,105      
Joint Venture                  
Commitments And Contingencies [Line Items]                  
Other commitment $ 293     $ 293          
Other commitment, period 5 years     5 years          
Total Contractual Trade-In Commitment | Commercial Aircraft Commitments                  
Commitments And Contingencies [Line Items]                  
Other commitment $ 1,455     $ 1,455   1,117      
Net Amounts Payable to Customers Related to Probable Contractual Trade-In Commitments | Commercial Aircraft Commitments                  
Commitments And Contingencies [Line Items]                  
Other commitment 302     302   286      
Fair Value of Trade in Value of Aircraft | Commercial Aircraft Commitments                  
Commitments And Contingencies [Line Items]                  
Other commitment 302     302   $ 286      
2023                  
Commitments And Contingencies [Line Items]                  
Changes in estimates       200          
Future Years                  
Commitments And Contingencies [Line Items]                  
Changes in estimates       400          
Contracted Customer Concessions & Other Considerations Liability                  
Commitments And Contingencies [Line Items]                  
737 MAX customer concessions and other considerations liability 1,300     1,300          
Contingent on Customer Negotiations                  
Commitments And Contingencies [Line Items]                  
737 MAX customer concessions and other considerations liability 200     200          
Lower Customer Delivery Payments                  
Commitments And Contingencies [Line Items]                  
737 MAX customer concessions and other considerations liability 600     600          
Cash Payments to Customers                  
Commitments And Contingencies [Line Items]                  
737 MAX customer concessions and other considerations liability 600     600          
Customer Concessions                  
Commitments And Contingencies [Line Items]                  
737 MAX customer concessions and other considerations liability $ 100     $ 100          
v3.23.2
Liabilities, Commitments and Contingencies - Schedule of Environmental Remediation Activity (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Environmental [Roll Forward]    
Beginning balance – January 1 $ 752 $ 605
Reductions for payments made, net of recoveries (24) (11)
Changes in estimates 72 131
Ending balance – June 30 $ 800 $ 725
v3.23.2
Liabilities, Commitments and Contingencies - Schedule of Product Warranty Activity (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Product Warranties [Roll Forward]    
Beginning balance – January 1 $ 2,275 $ 1,900
Additions for current year deliveries 92 89
Reductions for payments made (179) (220)
Changes in estimates 338 261
Ending balance – June 30 $ 2,526 $ 2,030
v3.23.2
Liabilities, Commitments and Contingencies - Schedule of Contractual Obligation, Fiscal Year Maturity (Details) - Financing Commitment - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Financing Commitments [Line Items]    
July through December 2023 $ 913  
2024 2,871  
2025 3,407  
2026 4,798  
2027 2,161  
Thereafter 2,273  
Total $ 16,423 $ 16,105
v3.23.2
Arrangements with Off-Balance Sheet Risk - Schedule of Guarantor Obligations (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Contingent repurchase commitments    
Guarantor Obligations [Line Items]    
Maximum Potential Payments $ 466 $ 514
Estimated Proceeds from Collateral/Recourse 466 514
Carrying Amount of  Liabilities
Credit guarantees    
Guarantor Obligations [Line Items]    
Maximum Potential Payments 15 45
Estimated Proceeds from Collateral/Recourse
Carrying Amount of  Liabilities $ 14 $ 27
v3.23.2
Arrangements with Off-Balance Sheet Risk - Narrative (Details) - Contingent repurchase commitments
Jun. 30, 2023
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
v3.23.2
Postretirement Plans - Components of Net Periodic Benefit Cost (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Pension        
Defined Benefit Plan Disclosure [Line Items]        
Service cost $ 1 $ 1 $ 2 $ 2
Interest cost 705 521 1,410 1,041
Expected return on plan assets (859) (948) (1,720) (1,895)
Amortization of prior service credits (21) (21) (41) (41)
Recognized net actuarial gain (loss) (41) (227) (83) (454)
Net periodic benefit income (133) (220) (266) (439)
Postretirement        
Defined Benefit Plan Disclosure [Line Items]        
Service cost 12 18 24 36
Interest cost 37 25 74 49
Expected return on plan assets (2) (3) (4) (5)
Amortization of prior service credits (5) (8) (11) (17)
Recognized net actuarial gain (loss) 44 28 88 56
Net periodic benefit income (2) 4 (5) 7
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 1 1 2 2
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 16 20 31 39
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 (134) (221) (268) (441)
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 (14) (14) (29) (29)
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 (133) (220) (266) (439)
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 $ 2 $ 6 $ 2 $ 10
v3.23.2
Share-Based Compensation and Other Compensation Arrangements - Narrative (Details)
Feb. 16, 2023
$ / shares
shares
Restricted stock units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Granted (in shares) | shares 327,523
Granted in period, weighted average grant date fair value (in shares) | $ / shares $ 214.35
Performance Restricted Stock Units (PRSU)  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Granted (in shares) | shares 195,526
Granted in period, weighted average grant date fair value (in shares) | $ / shares $ 214.35
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%
v3.23.2
Shareholders' Equity - Narrative (Details)
$ in Millions
 3 Months Ended
Jun. 30, 2023
USD ($)
Equity [Abstract]  
Additional paid in capital, period increase (decrease) $ (267)
v3.23.2
Shareholders' Equity - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Beginning balance     $ (9,550)  
Other comprehensive income (loss) before reclassifications [1] $ (48) $ (244) (21) $ (126)
Amounts reclassified from AOCI [1] (19) 127 (46) 298
Net current period Other comprehensive income/(loss) [1] (67) (117) (67) 172
Ending balance (9,617)   (9,617)  
Amortization of actuarial losses (2) 155 (4) 314
Amortization of actuarial loss included in net periodic pension cost, tax 1 (44) 1 (84)
Loss on discontinuation of cash flow hedge due to forecasted transaction probable of not occurring, net       39
Loss on discontinuation of cash flow hedge due to forecasted transaction Probable of not occurring, tax       11
Accumulated Other Comprehensive Loss        
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Beginning balance [1] (9,550) (11,370) (9,550) (11,659)
Ending balance [1] (9,617) (11,487) (9,617) (11,487)
Currency Translation Adjustments        
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Beginning balance (151) (81) (167) (105)
Other comprehensive income (loss) before reclassifications (6) (76) 10 (52)
Net current period Other comprehensive income/(loss) (6) (76) 10 (52)
Ending balance (157) (157) (157) (157)
Unrealized Gains and Losses on Certain Investments        
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Beginning balance 1 1
Other comprehensive income (loss) before reclassifications    
Net current period Other comprehensive income/(loss)    
Ending balance 1 1
Unrealized Gains and Losses on Derivative Instruments        
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Beginning balance (11) 135 (24) 6
Other comprehensive income (loss) before reclassifications (43) (168) (25) (74)
Amounts reclassified from AOCI 3 (5) (2) 30
Net current period Other comprehensive income/(loss) (40) (173) (27) (44)
Ending balance (51) (38) (51) (38)
Defined Benefit Pension Plans & Other Postretirement Benefits        
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Beginning balance (9,388) (11,425) (9,359) (11,561)
Other comprehensive income (loss) before reclassifications 1 (6)
Amounts reclassified from AOCI (22) [2] 132 [2] (44) 268
Net current period Other comprehensive income/(loss) (21) 132 (50) 268
Ending balance $ (9,409) $ (11,293) $ (9,409) $ (11,293)
[1] Net of tax.
[2] Primarily relates to amortization of actuarial losses for the six and three months ended June 30, 2022 totaling $314 and $155 (net of tax of ($84) and ($44)), which are included in the net periodic pension cost.
v3.23.2
Derivative Financial Instruments - Schedule of Derivative Instruments in Statement of Financial Position, Fair Value (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Derivative [Line Items]    
Derivative, notional amount $ 3,588 $ 4,291
Other assets 129 145
Accrued liabilities (157) (174)
Netting arrangement, other assets (33) (33)
Netting arrangement, accrued liabilities 33 33
Net recorded balance, other assets 96 112
Net recorded balance, accrued liabilities $ (124) $ (141)
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 $ 2,399 $ 2,815
Other assets 34 23
Accrued liabilities (85) (122)
Designated as Hedging Instrument | Commodity contracts    
Derivative [Line Items]    
Derivative, notional amount 568 602
Other assets 89 115
Accrued liabilities (35) (9)
Not Designated as Hedging Instrument | Foreign exchange contracts    
Derivative [Line Items]    
Derivative, notional amount 458 462
Other assets 6 5
Accrued liabilities (36) (42)
Not Designated as Hedging Instrument | Commodity contracts    
Derivative [Line Items]    
Derivative, notional amount 163 412
Other assets 2
Accrued liabilities $ (1) $ (1)
v3.23.2
Derivative Financial Instruments - Schedule of Derivative Instruments, Gains/(Losses) in Statement of Financial Performance (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Foreign exchange contracts        
Derivative [Line Items]        
Recognized in Other comprehensive income/(loss), net of taxes $ 1 $ (96) $ 11 $ (104)
Commodity contracts        
Derivative [Line Items]        
Recognized in Other comprehensive income/(loss), net of taxes $ (44) $ (72) $ (36) $ 30
v3.23.2
Derivative Financial Instruments - Reclassification Out of Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Costs and expenses        
Derivative [Line Items]        
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax $ 10 $ 6 $ 27 $ 7
General and administrative expense        
Derivative [Line Items]        
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax 3 1 5 2
Costs and expenses        
Derivative [Line Items]        
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax (4) 5 (6) 10
General and administrative expense        
Derivative [Line Items]        
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax $ (12) $ (6) $ (23) $ (7)
v3.23.2
Derivative Financial Instruments - Narrative (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]    
Loss on discontinuation of cash flow hedge due to forecasted transaction probable of not occurring   $ 50
Cash flow hedge loss to be reclassified within 12 Months $ 22  
Line of credit facility, expiration period 5 years  
Derivative, maturity 5 years  
Derivative, net liability position, aggregate fair value $ 24  
v3.23.2
Fair Value Measurements - Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Corporate notes $ 499 $ 479
Derivatives 96 112
Derivatives (124) (141)
Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Money market funds 1,679 1,797
Commercial paper 254 256
Corporate notes 175 195
U.S. government agencies 70 47
Other equity investments 8 10
Derivatives 96 112
Total assets 2,282 2,417
Derivatives (124) (141)
Other (2)  
Total liabilities (126) (141)
Fair Value, Recurring | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Money market funds 1,679 1,797
Other equity investments 8 10
Total assets 1,687 1,807
Fair Value, Recurring | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Commercial paper 254 256
Corporate notes 175 195
U.S. government agencies 70 47
Derivatives 96 112
Total assets 595 610
Derivatives (124) (141)
Total liabilities (124) $ (141)
Fair Value, Recurring | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Other (2)  
Total liabilities $ (2)  
v3.23.2
Fair Value Measurements - Fair Value, Assets Measured on Nonrecurring Basis Using Unobservable Inputs (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Nonrecurring fair value losses $ (12) $ (72)
Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value 45
Nonrecurring fair value losses (12) (72)
Investments | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Nonrecurring fair value losses (11) (31)
Investments | Valuation, Market Approach | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value  
Customer financing assets | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Nonrecurring fair value losses (2)
Customer financing assets | Valuation, Market Approach | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value 44
Property, plant and equipment | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Nonrecurring fair value losses (19)
Property, plant and equipment | Valuation, Market Approach | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value  
Other assets and Acquired intangible assets | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Nonrecurring fair value losses (1) (20)
Other assets and Acquired intangible assets | Valuation, Market Approach | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value $ 1
v3.23.2
Fair Value Measurements - Fair Values and Related Carrying Values of Financial Instruments (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Notes receivable, net, carrying amount $ 367 $ 385
Notes receivable, net, fair value 374 403
Debt, excluding capital lease obligations, carrying amount (52,037) (56,794)
Debt, excluding capital lease obligations, fair value (49,345) (52,856)
Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Notes receivable, net, fair value 374 403
Debt, excluding capital lease obligations, fair value $ (49,345) $ (52,856)
v3.23.2
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
v3.23.2
Segment and Revenue Information - Narrative (Details)
$ in Millions
 6 Months Ended
Jun. 30, 2023
USD ($)
segment
Segment Reporting Information [Line Items]  
Number of reportable segments | segment 3
Revenue, remaining performance obligation, amount | $ $ 439,564
Within Next Two Fiscal Years  
Segment Reporting Information [Line Items]  
Revenue, remaining performance obligation, percent recognized 26.00%
Within Next 5 Fiscal Years  
Segment Reporting Information [Line Items]  
Revenue, remaining performance obligation, percent recognized 77.00%
v3.23.2
Segment and Revenue Information - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Disaggregation of Revenue [Line Items]        
Total revenues $ 19,751 $ 16,681 $ 37,672 $ 30,672
Commercial Airplanes | Operating Segments        
Disaggregation of Revenue [Line Items]        
Total revenues 8,840 6,258 15,544 10,452
Commercial Airplanes | Operating Segments | Total revenues from contracts with customers        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax $ 8,832 $ 6,238 $ 15,497 $ 10,419
Commercial Airplanes | Operating Segments | Revenue recognized on fixed-price contracts        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax, percentage 100.00% 100.00% 100.00% 100.00%
Commercial Airplanes | Operating Segments | Revenue recognized at a point in time        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax, percentage 99.00% 99.00% 99.00% 99.00%
Commercial Airplanes | Operating Segments | United States        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax $ 3,740 $ 2,238 $ 7,175 $ 3,363
Commercial Airplanes | Operating Segments | Total non-U.S. revenues        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 5,066 3,983 8,296 7,073
Commercial Airplanes | Operating Segments | Europe        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 2,038 1,220 3,393 2,254
Commercial Airplanes | Operating Segments | Latin America and Caribbean        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 98 308 204 1,136
Commercial Airplanes | Operating Segments | Asia        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 1,549 1,298 2,355 2,027
Commercial Airplanes | Operating Segments | Middle East        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 750 770 1,466 1,088
Commercial Airplanes | Operating Segments | Other non-U.S.        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 631 387 878 568
Commercial Airplanes | Intersegment revenues eliminated on consolidation        
Disaggregation of Revenue [Line Items]        
Total revenues 8 20 47 33
Defense, Space & Security | Operating Segments        
Disaggregation of Revenue [Line Items]        
Total revenues $ 6,167 $ 6,191 $ 12,706 $ 11,674
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 90.00% 89.00% 90.00% 89.00%
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 57.00% 61.00% 59.00% 62.00%
Defense, Space & Security | Operating Segments | Revenue recognized over time        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax, percentage 99.00% 99.00% 99.00% 99.00%
Defense, Space & Security | Operating Segments | United States        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax $ 5,028 $ 4,634 $ 10,338 $ 8,782
Defense, Space & Security | Operating Segments | Total non-U.S. revenues        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 1,139 1,557 2,368 2,892
Global Services | Operating Segments        
Disaggregation of Revenue [Line Items]        
Total revenues 4,746 4,298 9,466 8,612
Global Services | Operating Segments | Commercial        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 2,703 2,361 5,419 4,637
Global Services | Operating Segments | Government        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 1,948 1,842 3,874 3,810
Global Services | Operating Segments | Total revenues from contracts with customers        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax $ 4,651 $ 4,203 $ 9,293 $ 8,447
Global Services | Operating Segments | Revenue from the U.S. government        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax, percentage 31.00% 33.00% 31.00% 34.00%
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% 88.00% 87.00% 88.00%
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 51.00% 49.00% 51.00% 49.00%
Global Services | Intersegment revenues eliminated on consolidation        
Disaggregation of Revenue [Line Items]        
Total revenues $ 95 $ 95 $ 173 $ 165
B-737-Max | Customer Concessions | Commercial Airplanes | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax $ 26 $ 17 $ 26 $ (17)
v3.23.2
Segment and Revenue Information - Schedule of Segment, Reconciliation of Other Items from Segments to Consolidated (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Segment Reporting Information [Line Items]        
Share-based plans     $ (381) $ (352)
Research and development expense, net $ (797) $ (698) (1,538) (1,331)
Unallocated items, eliminations and other        
Segment Reporting Information [Line Items]        
Share-based plans 14 (25) (38) (108)
Deferred compensation (42) 124 (96) 166
Amortization of previously capitalized interest (24) (24) (47) (47)
Research and development expense, net (73) (66) (149) (118)
Eliminations and other unallocated items (211) (93) (466) (228)
Unallocated items, eliminations and other $ (336) $ (84) $ (796) $ (335)
v3.23.2
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 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Segment Reporting, Asset Reconciling Item [Line Items]        
FAS/CAS service cost adjustment $ 291 $ 284 $ 582 $ 567
Pension FAS/CAS service cost adjustment        
Segment Reporting, Asset Reconciling Item [Line Items]        
FAS/CAS service cost adjustment 222 205 445 413
Postretirement FAS/CAS service cost adjustment        
Segment Reporting, Asset Reconciling Item [Line Items]        
FAS/CAS service cost adjustment $ 69 $ 79 $ 137 $ 154
v3.23.2
Segment and Revenue Information - Reconciliation of Assets from Segment to Consolidated (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Segment Reporting Information [Line Items]    
Assets $ 134,774 $ 137,100
Operating Segments | Commercial Airplanes    
Segment Reporting Information [Line Items]    
Assets 76,663 76,825
Operating Segments | Defense, Space & Security    
Segment Reporting Information [Line Items]    
Assets 15,011 14,426
Operating Segments | Global Services    
Segment Reporting Information [Line Items]    
Assets 16,374 16,149
Unallocated items, eliminations and other    
Segment Reporting Information [Line Items]    
Assets $ 26,726 $ 29,700