BOEING CO, 10-Q filed on 10/29/2025
Quarterly Report
v3.25.3
Cover - shares
 9 Months Ended
Sep. 30, 2025
Oct. 22, 2025
Entity Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Sep. 30, 2025  
Document Transition Report false  
Entity File Number 1-442  
Entity Registrant Name THE BOEING COMPANY  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 91-0425694  
Entity Address, Address Line One 929 Long Bridge Drive  
Entity Address, City or Town Arlington,  
Entity Address, State or Province VA  
Entity Address, Postal Zip Code 22202  
City Area Code (703)  
Local Phone Number 465-3500  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   760,095,468
Amendment Flag false  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q3  
Entity Central Index Key 0000012927  
Current Fiscal Year End Date --12-31  
Common stock    
Entity Information [Line Items]    
Title of 12(b) Security Common Stock, $5.00 Par Value  
Trading Symbol BA  
Security Exchange Name NYSE  
Depositary Shares    
Entity Information [Line Items]    
Title of 12(b) Security Depositary Shares, each representing a 1/20th interest in a share of 6.00% Series A Mandatory Convertible Preferred Stock, $1.00 Par Value  
Trading Symbol BA-PRA  
Security Exchange Name NYSE  
v3.25.3
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Total revenues $ 23,270 $ 17,840 $ 65,515 $ 51,275
Total costs and expenses (25,645) (21,347) (63,038) (51,677)
Gross profit (2,375) (3,507) 2,477 (402)
Income/(loss) from operating investments, net 14 (15) 42 59
General and administrative expense (1,522) (1,085) (4,427) (3,623)
Research and development expense, net (897) (1,154) (2,651) (2,976)
Gain/(loss) on dispositions, net (1) 63 5
Loss from operations (4,781) (5,761) (4,496) (6,937)
Other income, net 276 265 924 790
Interest and debt expense (694) (728) (2,112) (1,970)
Loss before income taxes (5,199) (6,224) (5,684) (8,117)
Income tax (expense)/benefit (140) 50 (298) 149
Net loss (5,339) (6,174) (5,982) (7,968)
Less: Net earnings/(loss) attributable to noncontrolling interest (2) (4) 3 (16)
Net loss attributable to Boeing shareholders (5,337) (6,170) (5,985) (7,952)
Less: mandatory convertible preferred stock dividends accumulated during the period 87 259
Net loss attributable to Boeing common shareholders (5,424) (6,170) (6,244) (7,952)
Net loss attributable to Boeing common shareholders $ (5,424) $ (6,170) $ (6,244) $ (7,952)
Basic loss per share (in dollars per share) $ (7.14) $ (9.97) $ (8.25) $ (12.91)
Diluted loss per share (in dollars per share) $ (7.14) $ (9.97) $ (8.25) $ (12.91)
Sales of products        
Total revenues $ 19,642 $ 14,534 $ 54,911 $ 41,326
Cost of products and services (22,737) (18,413) (54,522) (43,384)
Sales of services        
Total revenues 3,628 3,306 10,604 9,949
Cost of products and services $ (2,908) $ (2,934) $ (8,516) $ (8,293)
v3.25.3
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Statement of Comprehensive Income [Abstract]        
Net loss $ (5,339) $ (6,174) $ (5,982) $ (7,968)
Other comprehensive income/(loss), net of tax:        
Currency translation adjustments (1) 54 107 30
Unrealized gain on certain investments, net of tax of $0, $0, $0 and $0 1 1
Derivative instruments:        
Unrealized gains/(losses) arising during period, net of tax of ($52), $3, $7 and ($19) (25) 63 181 (13)
Reclassification adjustment for losses included in net loss, net of tax of ($9), ($7), ($1) and $1 4 32 26
Total unrealized gain/(loss) on derivative instruments, net of tax (21) 63 213 13
Defined benefit pension plans and other postretirement benefits:        
Net actuarial loss arising during the period, net of tax of $0, $16, $0 and ($1) (2) (18)
Amortization of actuarial losses included in net periodic benefit cost, net of tax of ($26), ($30), ($9) and ($10) 32 12 97 38
Amortization of prior service credits included in net periodic benefit cost, net of tax of $12, $31,$4 and $11 (15) (12) (44) (38)
Pension and postretirement cost related to our equity method investments, net of tax of $0, ($2), $0 and $1 1 6
Total defined benefit pension plans and other postretirement benefits, net of tax 17 1 51 (12)
Other comprehensive income/(loss), net of tax (5) 119 371 32
Comprehensive loss (5,344) (6,055) (5,611) (7,936)
Less: Comprehensive income/(loss) related to noncontrolling interest (2) (4) 3 (16)
Comprehensive loss attributable to Boeing Shareholders $ (5,342) $ (6,051) $ (5,614) $ (7,920)
v3.25.3
Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Statement of Comprehensive Income [Abstract]        
Unrealized gain on certain investments, tax $ 0 $ 0 $ 0 $ 0
Unrealized gains/(losses) arising during period, tax 7 (19) (52) 3
Reclassification adjustment for losses included in net loss, tax (1) 1 (9) (7)
Net actuarial (loss)/gain arising during the period, tax 0 (1) 0 16
Amortization of actuarial losses included in net periodic benefit cost, tax (9) (10) (26) (30)
Amortization of prior service credits included in net periodic benefit cost, tax 4 11 12 31
Pension and postretirement cost related to our equity method investments, tax $ 0 $ 1 $ 0 $ (2)
v3.25.3
Condensed Consolidated Statements of Financial Position - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 6,173 $ 13,801
Short-term and other investments 16,811 12,481
Accounts receivable, net 3,314 2,631
Unbilled receivables, net 9,032 8,363
Current portion of financing receivables, net 207
Inventories 82,425 87,550
Other current assets, net 2,904 2,965
Assets held for sale 1,473
Total current assets 122,132 127,998
Financing receivables and operating lease equipment, net 245 314
Property, plant and equipment, net of accumulated depreciation of $23,470 and $22,925 12,078 11,412
Goodwill 7,281 8,084
Acquired intangible assets, net 1,495 1,957
Deferred income taxes 44 185
Investments 1,050 999
Other assets, net of accumulated amortization of $947 and $1,085 5,698 5,414
Total assets 150,023 156,363
Liabilities and equity    
Accounts payable 11,732 11,364
Accrued liabilities 24,364 24,103
Advances and progress billings 57,962 60,333
Short-term debt and current portion of long-term debt 8,742 1,278
Liabilities held for sale 524
Total current liabilities 103,324 97,078
Deferred income taxes 191 122
Accrued retiree health care 2,086 2,176
Accrued pension plan liability, net 5,714 5,997
Other long-term liabilities 2,350 2,318
Long-term debt 44,611 52,586
Total liabilities 158,276 160,277
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 19,218 18,964
Treasury stock, at cost – 252,587,506 and 263,044,840 shares (31,109) (32,386)
Retained earnings 9,118 15,362
Accumulated other comprehensive loss (10,544) (10,915)
Total shareholders’ deficit (8,250) (3,908)
Noncontrolling interests (3) (6)
Total equity (8,253) (3,914)
Total liabilities and equity 150,023 156,363
Mandatory convertible preferred stock    
Shareholders’ equity:    
Mandatory convertible preferred stock, 6.00% Series A, par value $1.00 – 20,000,000 shares authorized; 5,750,000 shares issued; aggregate liquidation preference $5,750 $ 6 $ 6
v3.25.3
Condensed Consolidated Statements of Financial Position (Parenthetical) - USD ($)
$ in Millions
 9 Months Ended 12 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Property, plant and equipment, net of accumulated depreciation $ 23,470 $ 22,925
Other assets, net of accumulated amortization $ 947 $ 1,085
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) 252,587,506 263,044,840
Mandatory convertible preferred stock    
Preferred stock, dividend rate, percentage 6.00% 6.00%
Preferred stock, par value (in dollars per share) $ 1.00 $ 1.00
Preferred stock, shares authorized (in shares) 20,000,000 20,000,000
Preferred stock, shares, issued (in shares) 5,750,000 5,750,000
Preferred stock, liquidation preference, value $ 5,750 $ 5,750
v3.25.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows – operating activities:    
Net loss $ (5,982) $ (7,968)
Non-cash items –     
Share-based plans expense 343 310
Treasury shares issued for 401(k) contributions 1,173 1,315
Depreciation and amortization 1,417 1,327
Investment/asset impairment charges, net 32 48
Gain on dispositions, net (63) (5)
777X and 767 reach-forward losses 5,140 3,006
Other charges and credits, net 217 270
Changes in assets and liabilities –     
Accounts receivable (836) (275)
Unbilled receivables (679) (1,042)
Advances and progress billings (2,065) 1,666
Inventories (116) (6,854)
Other current assets 227 (26)
Accounts payable 539 122
Accrued liabilities 574 327
Income taxes receivable, payable and deferred 93 (282)
Other long-term liabilities (294) (228)
Pension and other postretirement plans (436) (736)
Financing receivables and operating lease equipment, net 274 258
Other 176 137
Net cash used by operating activities (266) (8,630)
Cash flows – investing activities:    
Payments to acquire property, plant and equipment (1,986) (1,582)
Proceeds from disposals of property, plant and equipment 5 46
Acquisitions, net of cash acquired (50)
Proceeds from dispositions 35
Contributions to investments (36,337) (1,751)
Proceeds from investments 32,674 4,546
Supplier notes receivable (292) (494)
Repayments on supplier notes receivable 40
Purchase of distribution rights (88)
Other (14)
Net cash (used)/provided by investing activities (5,901) 653
Cash flows – financing activities:    
New borrowings 138 10,120
Debt repayments (721) (4,824)
Employee taxes on certain share-based payment arrangements (28) (73)
Dividends paid on mandatory convertible preferred stock (244)
Other 43 15
Net cash (used)/provided by financing activities (812) 5,238
Effect of exchange rate changes on cash and cash equivalents 39 8
Net decrease in cash & cash equivalents, including restricted (6,940) (2,731)
Cash & cash equivalents, including restricted, at beginning of year 13,822 12,713
Cash & cash equivalents, including restricted, at end of period 6,882 9,982
Less restricted cash & cash equivalents, included in Investments 709 21
Cash and cash equivalents at end of period $ 6,173 $ 9,961
v3.25.3
Condensed Consolidated Statements of Equity - USD ($)
$ in Millions
Total
Mandatory convertible preferred stock
Mandatory convertible preferred stock
Common stock
Additional paid-in capital
Treasury stock
Retained earnings
Accumulated other comprehensive loss
Non- controlling interests
Beginning balance at Dec. 31, 2023 $ (17,228) $ 5,061 $ 10,309 $ (49,549) $ 27,251 $ (10,305) $ 5
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net (loss)/earnings (7,968)         (7,952)   (16)
Other comprehensive income (loss), net of tax 32           32  
Share-based compensation 310     310        
Treasury shares issued for other share-based plans, net (24)     (129) 105      
Treasury shares issued for 401(k) contributions 1,315     435 880      
Other changes in noncontrolling interests 1             1
Ending balance at Sep. 30, 2024 (23,562) 5,061 10,925 (48,564) 19,299 (10,273) (10)
Beginning balance at Jun. 30, 2024 (17,982) 5,061 10,727 (48,841) 25,469 (10,392) (6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net (loss)/earnings (6,174)         (6,170)   (4)
Other comprehensive income (loss), net of tax 119           119  
Share-based compensation 102     102        
Treasury shares issued for other share-based plans, net 11     (7) 18      
Treasury shares issued for 401(k) contributions 362     103 259      
Ending balance at Sep. 30, 2024 (23,562) 5,061 10,925 (48,564) 19,299 (10,273) (10)
Beginning balance at Dec. 31, 2024 (3,914) 6 5,061 18,964 (32,386) 15,362 (10,915) (6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net (loss)/earnings (5,982)         (5,985)   3
Other comprehensive income (loss), net of tax 371           371  
Share-based compensation 343     343        
Treasury shares issued for other share-based plans, net 17     (506) 523      
Treasury shares issued for 401(k) contributions 1,173     419 754      
Subsidiary shares purchased from noncontrolling interests (2)     (2)        
Cash dividends declared on Mandatory convertible preferred stock (259)         (259)    
Ending balance at Sep. 30, 2025 (8,253) 6 5,061 19,218 (31,109) 9,118 (10,544) (3)
Beginning balance at Jun. 30, 2025 (3,296) 6 5,061 19,238 (31,603) 14,542 (10,539) (1)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net (loss)/earnings (5,339)         (5,337)   (2)
Other comprehensive income (loss), net of tax (5)           (5)  
Share-based compensation 89     89        
Treasury shares issued for other share-based plans, net 7     (278) 285      
Treasury shares issued for 401(k) contributions 380     171 209      
Subsidiary shares purchased from noncontrolling interests (2)     (2)        
Cash dividends declared on Mandatory convertible preferred stock (87)         (87)    
Ending balance at Sep. 30, 2025 $ (8,253) $ 6 $ 5,061 $ 19,218 $ (31,109) $ 9,118 $ (10,544) $ (3)
v3.25.3
Condensed Consolidated Statements of Equity (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Statement of Stockholders' Equity [Abstract]        
Other comprehensive income (loss), tax $ (1) $ 17 $ 75 $ 11
v3.25.3
Summary of Business Segment Data
 9 Months Ended
Sep. 30, 2025
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Summary of Business Segment Data
The Boeing Company and Subsidiaries
Notes to Condensed Consolidated Financial Statements
Summary of Business Segment Data
(Unaudited)
(Dollars in millions)Nine months ended September 30Three months ended September 30
2025202420252024
Revenues:
Commercial Airplanes$30,115 $18,099 $11,094 $7,443 
Defense, Space & Security19,817 18,507 6,902 5,536 
Global Services15,714 14,835 5,370 4,901 
Unallocated items, eliminations and other(131)(166)(96)(40)
Total revenues$65,515 $51,275 $23,270 $17,840 
Loss from operations:
Commercial Airplanes($6,447)($5,879)($5,353)($4,021)
Defense, Space & Security379 (3,146)114 (2,384)
Global Services2,930 2,620 938 834 
Segment operating loss(3,138)(6,405)(4,301)(5,571)
Unallocated items, eliminations and other(2,145)(1,364)(748)(418)
FAS/CAS service cost adjustment787 832 268 228 
Loss from operations(4,496)(6,937)(4,781)(5,761)
Other income, net924 790 276 265 
Interest and debt expense(2,112)(1,970)(694)(728)
Loss before income taxes(5,684)(8,117)(5,199)(6,224)
Income tax (expense)/benefit(298)149 (140)50 
Net loss(5,982)(7,968)(5,339)(6,174)
Less: Net earnings/(loss) attributable to noncontrolling interest3 (16)(2)(4)
Net loss attributable to Boeing shareholders(5,985)(7,952)(5,337)($6,170)
Less: Mandatory convertible preferred stock dividends accumulated during the period259  87  
Net loss attributable to Boeing common shareholders($6,244)($7,952)($5,424)($6,170)
This information is an integral part of the Notes to the Condensed Consolidated Financial Statements. See Note 20 for further segment results.
v3.25.3
Basis of Presentation
 9 Months Ended
Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation Basis of Presentation
The condensed consolidated interim financial statements included in this report have been prepared by management of The Boeing Company (herein referred to as “Boeing”, the “Company”, “we”, “us”, or “our”). In the opinion of management, all adjustments (consisting of normal recurring accruals) necessary for a fair presentation are reflected in the interim financial statements. The results of operations for the period ended September 30, 2025, 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 2024 Annual Report on Form 10-K.
Use of Estimates
The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Goodwill
We performed our annual goodwill impairment test as of April 1, 2025, using a qualitative assessment. We determined the fair value of each of our reporting units substantially exceeded their respective carrying values. Our Military Aircraft reporting unit within our Defense, Space & Security (BDS) segment had goodwill of $1,295 and a negative carrying value at September 30, 2025.
Long-term Contracts
Substantially all contracts at our BDS segment and certain contracts at our Global Services (BGS) segment are long-term contracts with the U.S. government and other customers that generally extend over several years. Changes in estimated revenues, cost of sales, and the related effect on operating income are recognized using a cumulative catch-up adjustment which recognizes, in the current period, the cumulative effect of the changes on current and prior periods based on a long-term contract’s percentage-of-completion. When the current estimates of total revenues and costs at completion for a long-term contract indicate a loss, a provision for the entire reach-forward loss on the long-term contract is recognized.
The table below reflects the impact of net cumulative catch-up adjustments for changes in estimated revenues and costs at completion across all long-term contracts, including the impact to Loss from operations from changes in estimated losses on unexercised options.
(In millions - except per share amounts)Nine months ended September 30Three months ended September 30
2025202420252024
Decrease to Revenue($397)($1,928)($91)($963)
Increase to Loss from operations
($544)($4,322)($206)($2,622)
Increase to Diluted loss per share
($0.74)($6.89)($0.28)($4.20)
v3.25.3
Spirit Acquisition
 9 Months Ended
Sep. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Spirit Acquisition Spirit Acquisition
On June 30, 2024, we entered into an Agreement and Plan of Merger (the Merger Agreement) pursuant to which we have agreed to acquire Spirit AeroSystems Holdings, Inc. (Spirit) in an all-stock transaction (the Boeing-Spirit Merger) at an equity value of approximately $4,700, or $37.25 per share of Spirit Class A
Common Stock (Spirit common stock). The Boeing-Spirit Merger will include the assumption of Spirit's net debt at closing. On January 31, 2025, Spirit's stockholders approved the Merger Agreement and the related transactions.
Each share of Spirit common stock will be exchanged for a number of shares of Boeing common stock equal to an exchange ratio between 0.18 and 0.25, calculated as $37.25 divided by the volume weighted average share price of Boeing shares over the 15-trading-day period ending on the second trading day prior to the closing (subject to a floor of $149.00 per share and a ceiling of $206.94 per share). Spirit stockholders will receive 0.25 Boeing shares for each of their Spirit shares if the volume-weighted average price is at or below $149.00, and 0.18 Boeing shares for each of their Spirit shares if the volume-weighted average price is at or above $206.94 per share.
The Merger Agreement contains certain termination rights, including that either Boeing or Spirit may terminate the Merger Agreement if, subject to certain limitations, the Boeing-Spirit Merger has not been consummated by March 31, 2025 (subject to three automatic three-month extensions if on each such date or the last day of each extension period, as applicable, all of the closing conditions except those relating to regulatory approvals have been satisfied or waived) (the Outside Date). The third automatic extension came into effect on October 1, 2025. Accordingly, the Outside Date is currently December 31, 2025. If either party breaches or fails to perform any of its representations, warranties or covenants under the Merger Agreement such that the related conditions to the other party's obligation to consummate the Boeing-Spirit Merger would not be satisfied, and such breach or failure is not curable by the Outside Date or, if curable by the Outside Date, has not been cured within 30 days following notice thereof, such other party may terminate the Merger Agreement.
The Merger Agreement also provides that we will be required to pay Spirit a termination fee of $300 if the Merger Agreement is terminated by Spirit or Boeing under certain specified circumstances as a result of the parties' failure to obtain the required regulatory approvals by the Outside Date or in the event that any law or order related to the required regulatory approvals or any applicable antitrust law or foreign investment law prohibits the consummation of the Merger.
The Boeing-Spirit Merger is expected to close in 2025 and is subject to the completion of the sale of Spirit operations related to certain Airbus SE (Airbus) commercial work packages and the satisfaction of customary closing conditions, including certain regulatory approvals.
On April 27, 2025, Spirit entered into a Stock and Asset Purchase Agreement (SAPA) with Airbus pursuant to which Airbus will, subject to the satisfaction of customary closing conditions, including certain regulatory approvals, acquire certain commercial work packages that Spirit performs for Airbus concurrently with the closing of the Boeing-Spirit Merger. As part of the transactions contemplated by the SAPA, Spirit will also make a cash payment to Airbus in an amount equal to $439, which amount is subject to adjustment in accordance with the terms of the SAPA (such adjusted amount, the Airbus Payment). Pursuant to the terms of the Merger Agreement, Boeing is required to fund any portion of the Airbus Payment that Spirit is unable to satisfy with cash on hand as of the closing of the transactions contemplated by the SAPA.
Since 2023, Boeing reached agreements to provide Spirit up to $1,199 to support its liquidity, rate readiness, and 787 tooling and capital expenditures, of which $16 has yet to be drawn. Spirit has repaid $40 with $1,143 still outstanding at September 30, 2025, of which $1,122 is recorded as supplier notes receivable, net of interest, within our Condensed Consolidated Statements of Financial Position. In 2025, Boeing and Spirit reached agreements to reschedule repayment dates for $527 to 2026. This includes changing repayment of $425 originally due in 2024 to 2026. In the event that the Merger Agreement is terminated in accordance with its terms, the then outstanding balances will become due and payable in full on April 1, 2026.
At September 30, 2025 and December 31, 2024, Other current assets included $724 and $539 and Other assets included $398 and $299 owed to us under these agreements. At September 30, 2025 and December 31, 2024, advance payments to Spirit of $161 and $165 were included in Inventories and are scheduled to be recovered as the related shipsets are received by Boeing from Spirit.
v3.25.3
Digital Aviation Solutions Divestiture
 9 Months Ended
Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Digital Aviation Solutions Divestiture Digital Aviation Solutions Divestiture
On April 22, 2025, we announced that we entered into an agreement with Thoma Bravo to sell portions of our BGS segment’s Digital Aviation Solutions business for $10.55 billion. The sale will include Jeppesen, ForeFlight, AerData and OzRunways. We expect the transaction to close in 2025 and result in a gain at closing. The transaction is subject to regulatory approval and customary closing conditions.
At September 30, 2025, Digital Aviation Solutions assets of $1,473 and liabilities of $524 were classified as held for sale on our Condensed Consolidated Statements of Financial Position. Assets held for sale primarily include Goodwill of $810, Acquired intangible assets, net of $306, and Accounts receivable, net of $160. Liabilities held for sale primarily include Advances and progress billings of $306 and Accrued liabilities of $129.
v3.25.3
Earnings Per Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic and diluted earnings per share are computed using the two-class method, which is an earnings allocation method that determines earnings per share for common shares and participating securities. The undistributed earnings are allocated between common shares and participating securities as if all earnings had been distributed during the period. Participating securities and common shares have equal rights to undistributed earnings.
Basic earnings per share is calculated by taking net earnings attributable to Boeing shareholders, less Mandatory convertible preferred stock dividends accumulated during the period and earnings available to participating securities, divided by the basic weighted average common shares outstanding.
Diluted earnings per share is calculated by taking net earnings attributable to Boeing shareholders, less Mandatory convertible preferred stock dividends accumulated during the period and earnings available to participating securities, divided by the diluted weighted average common shares outstanding. Diluted weighted average common shares outstanding is calculated using the treasury stock method for share-based compensation awards and the if-converted method for Mandatory convertible preferred stock.
The elements used in the computation of Basic and Diluted loss per share were as follows:
(In millions - except per share amounts)Nine months ended September 30Three months ended September 30
2025202420252024
Net loss attributable to Boeing shareholders($5,985)($7,952)($5,337)($6,170)
Less: Mandatory convertible preferred stock dividends accumulated during the period
259 87 
Less: earnings available to participating securities  
Net loss available to common shareholders
($6,244)($7,952)($5,424)($6,170)
Basic
Basic weighted average shares outstanding
756.9 616.1 760.1 618.8 
Less: participating securities(1)
0.2 0.3 0.2 0.2 
Basic weighted average common shares outstanding
756.7 615.8 759.9 618.6 
Diluted
Diluted weighted average shares outstanding
756.9 616.1 760.1 618.8 
Less: participating securities(1)
0.2 0.3 0.2 0.2 
Diluted weighted average common shares outstanding
756.7 615.8 759.9 618.6 
Net loss per share:
Basic
($8.25)($12.91)($7.14)($9.97)
Diluted
(8.25)(12.91)(7.14)(9.97)
(1)Participating securities include certain instruments in our deferred compensation plan.
The following table represents potential common shares that were not included in the computation of Diluted loss per share because the effect was antidilutive based on their strike price or the performance condition was not met.
(Shares in millions)Nine months ended September 30Three months ended September 30
2025202420252024
Performance restricted stock units0.5 0.7 0.5 0.7 
Restricted stock units0.2 0.7  
Stock options0.8 0.8 0.6 0.8 
In addition, potential common shares of 36.5 million and 35.9 million for the nine and three months ended September 30, 2025, and 2.9 million for the nine and three months ended September 30, 2024, were excluded from the computation of Diluted loss per share, because the effect would have been antidilutive as a result of incurring a net loss in those periods.
v3.25.3
Income Taxes
 9 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
We computed our 2025 interim tax provision using an estimated annual effective tax rate of (3.2)%. Our 2025 estimated annual effective tax rate is primarily driven by taxes on non-U.S. operations. Our effective tax rates were (5.2)% and 1.8% for the nine months ended September 30, 2025 and 2024. Our effective tax rates were (2.7)% and 0.8% for the three months ended September 30, 2025 and 2024.
As of December 31, 2024, we had recorded valuation allowances of $7,837 primarily for certain domestic deferred tax assets, and certain domestic net operating losses, tax credits and interest carryforwards. To measure the valuation allowance, the Company estimated in what year each of its deferred tax assets and liabilities would reverse using systematic and logical methods to estimate the reversal patterns. The valuation allowance results from not having sufficient income from deferred tax liability reversals in the appropriate future periods to support the realization of deferred tax assets.
Federal income tax audits have been settled for all years prior to 2021. We expect the next cycle to cover the 2021-2023 tax years; however, the Internal Revenue Service has not confirmed a start date. We are also subject to examination in major state and international jurisdictions for the 2010-2024 tax years. We believe appropriate provisions for all outstanding tax issues have been made for all jurisdictions and all open years.
On July 4, 2025, the President signed into law the One Big Beautiful Bill Act (OBBBA). The OBBBA maintains the 21 percent corporate tax rate and makes permanent many of the beneficial expired and expiring tax provisions originally enacted in the Tax Cuts and Jobs Act of 2017, including the immediate expensing of domestic R&D expenditures, more favorable interest deductibility and 100 percent bonus depreciation with effective dates in 2025. Revisions to the international tax framework are effective in 2026. In the third quarter of 2025, we recorded impacts of the OBBBA, which were not material.
v3.25.3
Allowances for Losses on Financial Assets
 9 Months Ended
Sep. 30, 2025
Allowance for Losses on Financial Assets [Abstract]  
Allowances for Losses on Financial Assets Allowances for Losses on Financial Assets
The changes in allowances for expected credit losses for the nine months ended September 30, 2025 and 2024, consisted of the following:
Accounts receivable Unbilled receivablesOther current assets
Financing receivables
Other assetsTotal
Balance at January 1, 2024($89)($19)($50)($51)($122)($331)
Changes in estimates(28)(2)(2)41 (66)(57)
Write-offs15 11 26 
Recoveries1 1 
Balance at September 30, 2024
($101)($21)($41)($10)($188)($361)
Balance at January 1, 2025($92)($38)($47)($7)($199)($383)
Changes in estimates(11)(4)(17)7 (25)(50)
Write-offs15 17 32 
Recoveries1 1 
Other
12 12 
Balance at September 30, 2025
($75)($42)($47) ($224)($388)
v3.25.3
Inventories
 9 Months Ended
Sep. 30, 2025
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories consisted of the following:
September 30
2025		December 31
2024
Commercial aircraft programs$69,289 $75,192 
Long-term contracts in progress447 752 
Capitalized precontract costs(1)
1,260 1,176 
Commercial spare parts, used aircraft, general stock materials and other
11,429 10,430 
Total$82,425 $87,550 
(1)Capitalized precontract costs at September 30, 2025 and December 31, 2024, included amounts related to Commercial Crew, T-7A Red Hawk Production Options and KC-46A Tanker. See Note 11.
Commercial Aircraft Programs
At September 30, 2025 and December 31, 2024, commercial aircraft programs inventory included the following amounts related to the 737 program: deferred production costs of $11,082 and $9,679 and unamortized tooling and other non-recurring costs of $828 and $909. At September 30, 2025, $11,871 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 $39 is expected to be recovered from units included in the program accounting quantity that represent expected future orders.
At September 30, 2025 and December 31, 2024, commercial aircraft programs inventory included the following amounts related to the 777X program: $3,697 and $3,476 of work in process (including deferred production costs of $0 and $0) and $1,486 and $4,122 of unamortized tooling and other non-recurring costs. During the third quarter of 2025, we determined that estimated costs to complete the 777X program plus the costs already included in 777X inventory exceed estimated revenues from the program. The resulting reach-forward loss of $4,899 was recorded as a reduction of deferred production costs, unamortized tooling and other non-recurring costs. The level of profitability on the 777X program will be subject to several factors. These factors include aircraft certification requirements and timing, change incorporation on completed aircraft, production disruption due to labor instability and supply chain disruption, customer considerations, delivery timing and negotiations, further production rate adjustments for the 777X or other commercial aircraft programs, and any change in the accounting quantity. One or more of these factors could result in additional reach-forward losses in future periods.
At September 30, 2025 and December 31, 2024, commercial aircraft programs inventory included the following amounts related to the 787 program: deferred production costs of $14,088 and $13,178, supplier advances of $1,100 and $1,379, and unamortized tooling and other non-recurring costs of $1,246 and $1,370. At September 30, 2025, $12,597 of 787 deferred production costs, unamortized tooling and other non-recurring costs are expected to be recovered from units included in the program accounting quantity that have firm orders, and $2,737 are expected to be recovered from units included in the program accounting quantity that represent expected future orders. We expensed abnormal production costs of $30 and $209 during the nine months ended September 30, 2025 and 2024.
Commercial aircraft programs inventory included amounts credited in cash or other consideration (early issue sales consideration) to airline customers totaling $6,070 and $5,837 at September 30, 2025 and December 31, 2024.
v3.25.3
Contracts with Customers
 9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Contracts with Customers Contracts with Customers
Unbilled receivables increased from $8,363 at December 31, 2024, to $9,032 at September 30, 2025, primarily driven by revenue recognized in excess of billings at BDS and BGS.
Advances and progress billings decreased from $60,333 at December 31, 2024, to $57,962 at September 30, 2025, primarily driven by revenue recognized at BDS and Commercial Airplanes (BCA), partially offset by advances on orders received at BGS.
Revenues recognized during the nine months ended September 30, 2025 and 2024, from amounts recorded as Advances and progress billings at the beginning of each year were $16,431 and $11,804. Revenues recognized during the three months ended September 30, 2025 and 2024, from amounts recorded as Advances and progress billings at the beginning of each year were $5,254 and $3,927.
v3.25.3
Financing Receivables and Operating Lease Equipment
 9 Months Ended
Sep. 30, 2025
Financing Receivables and Operating Lease Equipment [Abstract]  
Financing Receivables and Operating Lease Equipment Financing Receivables and Operating Lease Equipment
Financing receivables and operating lease equipment, net consisted of the following:
September 30
2025		December 31
2024
Financing receivables:
Investment in sales-type leases $203 
Notes 85 
Total financing receivables
 288 
Less allowance for losses on receivables 7 
Financing receivables, net 281 
Operating lease equipment, at cost, less accumulated depreciation of $57 and $46
$245 240 
Total$245 $521 
During the nine months ended September 30, 2025, our financing receivables were fully collected. Our financing arrangements at September 30, 2025, consist solely of operating leases that range in terms from one to four years and may include options to terminate. Certain operating leases include provisions to allow the lessee to purchase the underlying aircraft at a specified price.
At December 31, 2024, the components of investment in sales-type leases consisted of gross lease payments receivable of $229 and unearned income of $26. There were no unguaranteed residual assets at September 30, 2025, and December 31, 2024.
The majority of our financing receivables and operating lease equipment portfolio is concentrated in the following aircraft models:
September 30
2025		December 31
2024
777 Aircraft (Accounted for as operating leases)
$173 $183 
747-8 Aircraft (Primarily accounted for as notes)
92 
737 Aircraft (Primarily accounted for as operating leases)46 47 
717 Aircraft (Accounted for as sales-type leases)
196 
Lease income recorded in Sales of services on the Condensed Consolidated Statements of Operations for the nine months ended September 30, 2025 and 2024, included $6 and $39 of interest income from sales-type leases and $35 and $45 from operating lease payments. Lease income recorded in Sales of services on the Condensed Consolidated Statements of Operations for the three months ended September 30, 2025 and 2024, included $0 and $18 of interest income from sales-type leases and $12 and $13 from operating lease payments.
All financing interest income and variable lease payments on our financing arrangements for the nine and three months ended September 30, 2025 and 2024, were insignificant.
Profit at the commencement of sales-type leases for the nine and three months ended September 30, 2025 and 2024, was insignificant.
v3.25.3
Investments
 9 Months Ended
Sep. 30, 2025
Investments [Abstract]  
Investments Investments
Our investments, which are recorded in Short-term and other investments or Investments, consisted of the following:
September 30
2025		December 31
2024
Time deposits (1)
$15,590 $11,960 
Equity method investments (2)
998 948 
Available-for-sale debt investments (1)
529 517 
Equity and other investments35 34 
Restricted cash & cash equivalents (1)(3)
709 21 
Total$17,861 $13,480 
(1)Primarily included in Short-term and other investments on our Condensed Consolidated Statements of Financial Position.
(2)Dividends received were $13 and $3 during the nine and three months ended September 30, 2025, and $41 and $4 for the same periods in 2024.
(3)At September 30, 2025, Restricted cash & cash equivalents includes $689 placed in escrow pursuant to the May 2025 non-prosecution agreement with the U.S. Department of Justice. See Note 19 for additional discussion.
Contributions to investments and Proceeds from investments on our Condensed Consolidated Statements of Cash Flows primarily relate to time deposits and available-for-sale debt investments. Cash used for the purchase of time deposits during the nine months ended September 30, 2025 and 2024, was $35,865 and $1,298. Cash proceeds from the maturities of time deposits during the nine months ended September 30, 2025 and 2024, were $32,235 and $4,053.
Allowance for losses on available-for-sale debt investments is assessed quarterly. These instruments are considered investment grade, and we have not recognized an allowance for credit losses as of September 30, 2025. The fair value of available-for-sale debt investments approximates amortized cost.
v3.25.3
Liabilities, Commitments and Contingencies
 9 Months Ended
Sep. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Liabilities, Commitments and Contingencies Liabilities, Commitments and Contingencies
737 MAX Customer Concessions and Other Considerations
During the first quarter of 2024, we recorded an earnings charge of $443, net of insurance recoveries, in connection with estimated considerations to customers for disruption related to the January 2024 737-9 door plug accident and 737-9 grounding. This charge is reflected in the financial statements as a reduction to Sales of products.
The following table summarizes changes in the 737 MAX customer concessions and other considerations liability during the nine months ended September 30, 2025 and 2024.
20252024
Beginning balance – January 1$641 $1,327 
Reductions for payments made(135)(767)
Reductions for concessions and other in-kind considerations(66)(256)
Changes in estimates(5)510 
Ending balance – September 30$435 $814 
At September 30, 2025, $87 of the liability balance remains subject to negotiations with customers. The contracted amount includes $55 expected to be paid in cash, approximately half of which we expect to pay in 2025, while the remaining amounts are primarily expected to be liquidated by lower customer delivery payments.
Environmental
The following table summarizes changes in environmental remediation liabilities during the nine months ended September 30, 2025 and 2024.
20252024
Beginning balance – January 1$834 $844 
Reductions for payments made, net of recoveries(53)(67)
Changes in estimates127 98 
Ending balance – September 30$908 $875 
The liabilities recorded represent our best estimate or the low end of a range of reasonably possible costs expected to be incurred to remediate sites, including operation and maintenance over periods of up to 30 years. It is reasonably possible that we may incur costs that exceed these recorded amounts because of regulatory agency orders and directives, changes in laws and/or regulations, higher than expected costs and/or the discovery of new or additional contamination. As part of our estimating process, we develop a range of reasonably possible alternate scenarios that includes the high end of a range of reasonably possible cost estimates for all remediation sites for which we have sufficient information based on our experience and existing laws and regulations. There are some potential remediation obligations where the costs of remediation cannot be reasonably estimated. At September 30, 2025 and December 31, 2024, the high end of the estimated range of reasonably possible remediation costs exceeded our recorded liabilities by $1,175 and $1,002.
Product Warranties
The following table summarizes changes in product warranty liabilities recorded during the nine months ended September 30, 2025 and 2024.
20252024
Beginning balance – January 1$2,133 $2,448 
Additions for current year deliveries136 67 
Reductions for payments made(254)(297)
Changes in estimates384 (27)
Ending balance – September 30$2,399 $2,191 
Commercial Aircraft Trade-In Commitments
In conjunction with signing definitive agreements for the sale of new aircraft, we have entered into trade-in commitments with certain customers that give them the right to trade in used aircraft at a specified price. The probability that trade-in commitments will be exercised is determined by using both quantitative information from valuation sources and qualitative information from other sources. The probability of exercise is assessed quarterly, or as events trigger a change, and takes into consideration the current economic and airline industry environments. Trade-in commitments, which can be terminated by mutual consent with the customer, may be exercised only during the period specified in the agreement, and require advance notice by the customer.
Trade-in commitment agreements at September 30, 2025, have expiration dates from 2025 through 2033. At September 30, 2025, and December 31, 2024, total contractual trade-in commitments were $1,332 and $1,393. As of September 30, 2025 and December 31, 2024, we estimated it was probable we would be obligated to perform on certain of these commitments with net amounts payable to customers totaling $67 and $275 and the fair value of the related trade-in aircraft was $63 and $270.
Financing Commitments
Financing commitments related to aircraft on order, including options and those proposed in sales campaigns, and refinancing of delivered aircraft, totaled $15,460 and $17,124 as of September 30, 2025 and December 31, 2024. The estimated earliest potential funding dates for these commitments as of September 30, 2025 are as follows:

Total
October through December 2025
$582 
20262,186 
20273,704 
20283,750 
20292,356 
Thereafter2,882 
Total
$15,460 
As of September 30, 2025, $12,131 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 $269 to certain joint ventures over the next 7 years.
Standby Letters of Credit and Surety Bonds
We have entered into standby letters of credit and surety bonds with financial institutions primarily relating to the guarantee of our future performance on certain contracts and security agreements. Contingent liabilities on outstanding letters of credit agreements and surety bonds aggregated approximately $2,864 and $2,991 as of September 30, 2025 and December 31, 2024.
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. At September 30, 2025 and December 31, 2024, Accounts payable included $1,919 and $2,703 payable to suppliers who have elected to participate in these programs. We do not believe that future changes in the availability of supply chain financing would have a significant impact on our liquidity.
Recoverable Costs on Government Contracts
Our final incurred costs for each year are subject to audit and review for allowability by the U.S. government, which can result in payment demands related to costs they believe should be disallowed. We work with the U.S. government to assess the merits of claims and where appropriate reserve for amounts disputed. If we are unable to satisfactorily resolve disputed costs, we could be required to record an earnings charge and/or provide refunds to the U.S. government.
Fixed-Price Contracts
Long-term contracts that are contracted on a fixed-price basis could result in losses in future periods. Certain of the fixed-price contracts are for the development of new products, services and related technologies. Estimating the cost and time for us and our suppliers to complete these contracts is inherently uncertain due to operational and technical complexities. This uncertainty requires us to make
significant judgments and assumptions about future operational and technical performance, and the outcome of customer and/or supplier contractual negotiations. The risk that actual performance, technical or contractual outcomes could be different than those previously assumed creates financial risk that could trigger additional material earnings charges, termination provisions, order cancellations, or other financially significant exposure.
VC-25B Presidential Aircraft
The Company’s firm fixed-price contract for the Engineering and Manufacturing Development (EMD) effort on the U.S. Air Force's (USAF) VC-25B Presidential Aircraft, commonly known as Air Force One, is a $4 billion program to develop and modify two 747-8 commercial aircraft. During 2024, we increased the reach-forward loss on the contract by $379. We are continuing to work with the customer to reset the schedule as they adjust requirements. Risk remains that we may record additional losses in future periods.
KC-46A Tanker
In 2011, we were awarded a contract from the USAF to design, develop, manufacture, and deliver four next-generation aerial refueling tankers as well as priced options for 13 annual production lots totaling 179 aircraft. Since 2016, the USAF has authorized 11 low rate initial production (LRIP) lots for a total of 154 aircraft. The EMD contract and authorized LRIP lots total approximately $29 billion as of September 30, 2025. The KC-46A Tanker is a derivative of the 767 commercial airplane program with the majority of the manufacturing costs being incurred in the 767 factory and the remaining costs being incurred in the military finishing and delivery centers. During 2024, we increased the reach-forward loss on the KC-46A Tanker program by $2,002. During the nine months ended September 30, 2025, we increased the reach-forward loss on the contract by $149 largely due to higher production cost allocations resulting from the decision to slow 777X production plans. As of September 30, 2025, we had approximately $99 of capitalized precontract costs and $170 of potential termination liabilities to suppliers related to Lots 12 and 13. Risk remains that we may record additional losses in future periods.
MQ-25
In the third quarter of 2018, we were awarded the MQ-25 EMD contract by the U.S. Navy. The contract is a fixed-price contract that now includes development and delivery of seven aircraft and test articles at a contract price of $890. In connection with winning the competition, we recognized a reach-forward loss of $291 in the third quarter of 2018. In the first quarter of 2024, we were awarded a cost-type contract modification totaling $657 for two additional test aircraft plus other scope increases. During 2024, we increased the reach-forward loss by $339. We expect the initial EMD units to complete production in 2025. During the first half of 2025, we initiated final assembly operations at our new facility at Mid-America St. Louis Airport in Mascoutah, Illinois, and began ground-based flight testing. 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 was a $860 fixed-price contract and included five aircraft and seven simulators. The five EMD aircraft were delivered as of December 31, 2024, and the flight testing is ongoing. In January 2025, the USAF announced an updated acquisition approach for the T-7A Red Hawk that allows the Company to provide a production-ready configuration to the customer prior to low-rate initial production, which better supports the operational needs of the customer and reduces future production risk. In June 2025, the customer ordered four production representative test vehicles. The production portion of the contract now includes production lots for 342 T-7A Red Hawk aircraft and related services that we believe are probable of being exercised. During 2024, we increased the reach-forward loss on the T-7A Red Hawk program by $1,770. At September 30, 2025, we had approximately $333 of capitalized precontract costs and $849 of potential termination liabilities to suppliers related to certain long-lead items for future production lots. Risk remains that we may record additional losses in future periods.
Commercial Crew
The National Aeronautics and Space Administration has contracted us to design and build the CST-100 Starliner spacecraft to transport crews to the International Space Station. During 2024, we increased the reach-forward loss by $523. We are continuing to work toward crew certification and resolve the propulsion system anomalies. At September 30, 2025, we had approximately $407 of capitalized precontract costs and $141 of potential termination liabilities to suppliers related to unauthorized future missions. Risk remains that we may record additional losses in future periods.
v3.25.3
Arrangements with Off-Balance Sheet Risk
 9 Months Ended
Sep. 30, 2025
Guarantees [Abstract]  
Arrangements with Off-Balance Sheet Risk Arrangements with Off-Balance Sheet Risk
We enter into arrangements with off-balance sheet risk in the normal course of business, primarily in the form of guarantees.
The following table provides quantitative data regarding our third-party guarantees. The maximum potential payments represent a “worst-case scenario” and do not necessarily reflect amounts that we expect to pay. The carrying amount of liabilities represents the amount included in Accrued liabilities.
Maximum
Potential Payments		Estimated Proceeds from
Collateral/Recourse		Carrying Amount of
 Liabilities
September 30
2025		December 31
2024		September 30
2025		December 31
2024		September 30
2025		December 31
2024
Contingent repurchase commitments
$186 $295 $186 $295 
Credit guarantees15 15  $14 $14 
Contingent Repurchase Commitments In conjunction with signing a definitive agreement for the sale of commercial aircraft, we have entered into contingent repurchase commitments with certain customers wherein we agree to repurchase the sold aircraft at a specified price, generally 10 to 15 years after delivery. Our repurchase of the aircraft is contingent upon entering into a mutually acceptable agreement for the sale of additional new aircraft in the future. The commercial aircraft repurchase price specified in contingent repurchase commitments is generally lower than the expected fair value at the specified repurchase date. Estimated proceeds from collateral/recourse in the table above represent the lower of the contracted repurchase price or the expected fair value of each aircraft at the specified repurchase date.
If a future sale agreement is reached and a customer elects to exercise its right under a contingent repurchase commitment, the contingent repurchase commitment becomes a trade-in commitment. Our historical experience is that contingent repurchase commitments infrequently become trade-in commitments.
Credit Guarantees We have issued credit guarantees where we are obligated to make payments to a guaranteed party in the event that the original lessee or debtor does not make payments or perform certain specified services. Generally, these guarantees have been extended on behalf of guaranteed parties with less than investment-grade credit. Current outstanding credit guarantees expire through 2036.
Other Indemnifications In conjunction with our sales of Electron Dynamic Devices, Inc. and Rocketdyne Propulsion and Power businesses and our BCA facilities in Wichita, Kansas and Tulsa and McAlester, Oklahoma, we agreed to indemnify, for an indefinite period, the buyers for costs relating to pre-closing environmental conditions and certain other items. We are unable to assess the potential number of future claims that may be asserted under these indemnifications, nor the amounts thereof (if any). As a result, we cannot estimate the maximum potential amount of future payments under these indemnities. To the extent that claims have been made under these indemnities and/or are probable and reasonably estimable, liabilities associated with these indemnities are included in the environmental liability disclosure in Note 11.
v3.25.3
Debt
 9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Debt Debt
In August 2025, we entered into a $3.0 billion, 364-day revolving credit agreement expiring in August 2026. This facility replaced the $3.0 billion, three-year revolving credit agreement which was scheduled to terminate in August 2025. The 364-day credit facility has a one-year term out option which allows us to extend the maturity of any borrowings until August 2027. Our legacy $3.0 billion, five-year revolving credit agreement expiring in August 2028 and $4.0 billion, five-year revolving credit agreement expiring in May 2029 each remain in effect. As of September 30, 2025, we had $10.0 billion available under credit line agreements. We continue to be in full compliance with all covenants contained in our debt and credit facility agreements.
v3.25.3
Postretirement Plans
 9 Months Ended
Sep. 30, 2025
Retirement Benefits [Abstract]  
Postretirement Plans Postretirement Plans
The components of net periodic benefit cost/(income) were as follows:
Nine months ended September 30Three months ended September 30
Pension Plans2025202420252024
Service cost$7 $5 $3 $2 
Interest cost2,007 1,976 669 658 
Expected return on plan assets(2,308)(2,483)(769)(827)
Amortization of prior service credits(55)(61)(18)(20)
Recognized net actuarial loss229 200 76 66 
Net periodic benefit income($120)($363)($39)($121)
Net periodic benefit cost included in Loss from operations$7 $5 $3 $2 
Net periodic benefit income included in Other income, net(127)(368)(42)(123)
Net periodic benefit income included in Loss before income taxes
($120)($363)($39)($121)
Nine months ended September 30Three months ended September 30
Other Postretirement Plans2025202420252024
Service cost$38 $38 $13 $13 
Interest cost102 93 34 31 
Expected return on plan assets(9)(8)(3)(2)
Amortization of prior service credits(1)(8)(1)(3)
Recognized net actuarial gain(106)(132)(35)(44)
Net periodic benefit cost/(income)$24 ($17)$8 ($5)
Net periodic benefit cost included in Loss from operations$38 $35 $13 $12 
Net periodic benefit income included in Other income, net(14)(55)(5)(18)
Net periodic benefit cost/(income) included in Loss before income taxes
$24 ($20)$8 ($6)
v3.25.3
Share-Based Compensation and Other Compensation Arrangements
 9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation and Other Compensation Arrangements Share-Based Compensation and Other Compensation Arrangements
Stock Options
On February 19, 2025, we granted 366,869 premium-priced stock options to our executive officers as part of our long-term incentive program. These stock options have an exercise price equal to 120.0% of the fair market value of our stock on the date of grant. The stock options are scheduled to vest and become exercisable three years after the grant date and expire ten years after the grant date. If an executive terminates employment because of retirement, layoff, disability, or death, the executive (or beneficiary) may receive some or all of their stock options depending on certain age and service conditions. The fair value of the stock options granted was $79.53 per unit and was estimated using a Monte-Carlo simulation model using the following assumptions: expected life seven years, expected volatility 39.0%, risk free interest rate 4.5% and no expected dividend yield.
Restricted Stock Units
On February 19, 2025, we granted 2,244,444 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 $184.53 per unit and will generally vest in three approximately equal installments on the first, second, and third anniversaries of the grant date. These RSUs will settle in common stock (on a one-for-one basis). If an executive terminates employment because of retirement, layoff, disability, or death, the executive (or beneficiary) 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.
v3.25.3
Shareholders' Equity
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Shareholders' Equity Shareholders' Equity
Mandatory Convertible Preferred Stock
On October 31, 2024, we issued 115,000,000 depositary shares, representing 5,750,000 shares of our 6.00% Series A Mandatory Convertible Preferred Stock (Mandatory convertible preferred stock). The Mandatory convertible preferred stock has a $1,000.00 per share liquidation preference and $1.00 per share par value. As a result of the transaction, we received cash proceeds of $5,651, net of underwriting fees and other issuance costs.
Dividends are cumulative at an annual rate of 6.00% on the liquidation preference of $1,000.00 per share of Mandatory convertible preferred stock and may be paid in cash, shares of our common stock or a combination of cash and shares of our common stock. Dividends that are declared will be payable on January 15, April 15, July 15 and October 15 to holders of record on the January 1, April 1, July 1, and October 1 immediately preceding the relevant dividend payment date. Dividends paid on Mandatory convertible preferred stock were $244 and $86 for the nine and three months ended September 30, 2025. In August 2025, dividends of $87 were declared to holders of record as of October 1, 2025, representing $15.00 per share, and were paid in cash on October 15, 2025.
The following table illustrates the conversion rate per share of Mandatory convertible preferred stock, subject to certain anti-dilution adjustments, based on the applicable market value of the common stock:
Applicable Market Value of Common StockConversion Rate per Share of Mandatory Convertible Preferred Stock
Greater than $171.5854
5.8280 shares of common stock
Equal to or less than $171.5854 but greater than or equal to $142.9797
Between 5.8280 and 6.9940 shares of common stock, determined by dividing $1,000 by the applicable market value
Less than $142.9797
6.9940 shares of common stock
Unless earlier converted, each share of Mandatory convertible preferred stock will automatically convert on October 15, 2027, into between 5.8280 shares and 6.9940 shares of our common stock, depending on the applicable market value of the common stock and subject to certain anti-dilution adjustments
described in the certificate of designations related to our Mandatory convertible preferred stock (Certificate of Designations). The applicable market value of our common stock will be determined based on the average volume-weighted average price per share of the common stock over the 20 consecutive trading day period beginning on, and including, the 21st scheduled trading day immediately prior to October 15, 2027.
If a fundamental change, as defined in the Certificate of Designations, occurs on or prior to October 15, 2027, then holders of Mandatory convertible preferred stock will be entitled to convert all or any portion of their shares into shares of our common stock at the fundamental change conversion rate, as defined in the Certificate of Designations, for a specified period of time and also to receive an amount to compensate such holders for unpaid accumulated dividends and any remaining future scheduled dividend payments.
Other than during a fundamental change conversion period, at any time prior to October 15, 2027, holders of Mandatory convertible preferred stock may elect to convert all or any portion of their shares at a conversion rate of 5.8280 shares of common stock per share of Mandatory convertible preferred stock, subject to certain anti-dilution and other adjustments as described in the Certificate of Designations.
Accumulated Other Comprehensive Loss
Changes in Accumulated other comprehensive loss (AOCI) by component for the nine and three months ended September 30, 2025 and 2024, were as follows:
Currency Translation AdjustmentsUnrealized Gains and Losses on Certain Investments
Unrealized Gains and Losses on Derivative Instruments
Defined Benefit Pension Plans & Other Postretirement Benefits
Total (1)
Balance at January 1, 2024($134)$2 $12 ($10,185)($10,305)
Other comprehensive income/(loss) before reclassifications
30 1 (13)(12)6 
Amounts reclassified from AOCI
26  26 
Net current period Other comprehensive income/(loss)
30 1 13 (12)32 
Balance at September 30, 2024($104)$3 $25 ($10,197)($10,273)
Balance at January 1, 2025($178)$2 ($211)($10,528)($10,915)
Other comprehensive income/(loss) before reclassifications
107 181 (2)286 
Amounts reclassified from AOCI
32 53 85 
Net current period Other comprehensive income
107 213 51 371 
Balance at September 30, 2025($71)$2 $2 ($10,477)($10,544)
Balance at June 30, 2024($158)$2 ($38)($10,198)($10,392)
Other comprehensive income before reclassifications
54 1 63 1 119 
Amounts reclassified from AOCI
  
Net current period Other comprehensive income
54 1 63 1 119 
Balance at September 30, 2024($104)$3 $25 ($10,197)($10,273)
Balance at June 30, 2025($70)$2 $23 ($10,494)($10,539)
Other comprehensive loss before reclassifications
(1) (25) (26)
Amounts reclassified from AOCI
  4 17 21 
Net current period Other comprehensive (loss)/income
(1)(21)17 (5)
Balance at September 30, 2025($71)$2 $2 ($10,477)($10,544)
(1)     Net of tax.
v3.25.3
Derivative Financial Instruments
 9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
Cash Flow Hedges
Our cash flow hedges include foreign currency forward contracts, commodity swaps and commodity purchase contracts. We use foreign currency forward contracts to manage currency risk associated with certain expected sales and purchases through 2031. We use commodity derivatives, such as fixed-price purchase commitments and swaps to hedge against potentially unfavorable price changes for commodities used in production. Our commodity contracts hedge forecasted transactions through 2029.
Derivative Instruments Not Receiving Hedge Accounting Treatment
We have entered into agreements to purchase and sell aluminum to address long-term strategic sourcing objectives and non-U.S. business requirements. These agreements are derivative instruments for accounting purposes. The quantities of aluminum in these agreements offset and are priced at prevailing market prices. We also hold certain foreign currency forward contracts and commodity swaps which do not qualify for hedge accounting treatment.
Notional Amounts and Fair Values
The notional amounts and fair values of derivative instruments in the Condensed Consolidated Statements of Financial Position were as follows:
Notional amounts (1)
Other assetsAccrued liabilities
September 30
2025		December 31
2024		September 30
2025		December 31
2024		September 30
2025		December 31
2024
Derivatives designated as hedging instruments:
Foreign exchange contracts$4,252 $5,139 $126 $23 ($66)($213)
Commodity contracts469 388 63 65 (1)(12)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts521 103 6 1 (11)(17)
Commodity contracts32 129  
Total derivatives$5,274 $5,759 $195 $89 ($78)($242)
Netting arrangements(38)(24)38 24 
Net recorded balance$157 $65 ($40)($218)
(1)Notional amounts represent the gross contract/notional amount of the derivatives outstanding.
Gains/(losses) associated with our hedging transactions and forward points recognized in Other comprehensive income/(loss), net of tax are presented in the following table:
Nine months ended September 30Three months ended September 30

2025202420252024
Recognized in Other comprehensive income/(loss), net of tax:
Foreign exchange contracts$166 ($18)($35)$57 
Commodity contracts15 5 10 6 
(Losses)/gains associated with our hedging transactions and forward points reclassified from AOCI to earnings are presented in the following table:
Nine months ended September 30Three months ended September 30
2025202420252024
Foreign exchange contracts
Costs and expenses($21)($19)($9)($7)
General and administrative expense(4)(13)5 
Commodity contracts
Costs and expenses($21)($6)($3)$6 
General and administrative expense5 5 2 2 
Gains/(losses) related to undesignated derivatives on foreign exchange and commodity cash flow hedging transactions recognized in Other income, net were insignificant for the nine and three months ended September 30, 2025 and 2024.
Based on our portfolio of cash flow hedges, we expect to reclassify losses of $11 (pre-tax) out of AOCI into earnings during the next 12 months.
We have derivative instruments with credit-risk-related contingent features. If we default on our five-year credit facilities, our derivative counterparties could require settlement for foreign exchange and certain commodity contracts with original maturities of at least five years. The fair value of those contracts in a net liability position at September 30, 2025 was $3. For other particular commodity contracts, our counterparties could require collateral posted in an amount determined by our credit ratings. At September 30, 2025, there was no collateral posted related to our derivatives.
v3.25.3
Fair Value Measurements
 9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value. Level 1 refers to fair values determined based on quoted prices in active markets for identical assets. Level 2 refers to fair values estimated using significant other observable inputs, and Level 3 includes fair values estimated using significant unobservable inputs. The following table presents our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy.

September 30, 2025December 31, 2024
TotalLevel 1Level 2TotalLevel 1Level 2
Assets
Money market funds$2,260 $2,260 $6,475 $6,475 
Available-for-sale debt investments:
Commercial paper165 $165 165 $165 
Corporate notes337 337 335 335 
U.S. government agencies27 2717 17 
Other equity investments10 10 9 9 
Derivatives157 157 65 65 
Total assets$2,956 $2,270 $686 $7,066 $6,484 $582 
Liabilities
Derivatives($40)($40)($218)($218)
Total liabilities($40) ($40)($218)($218)
Money market funds, available-for-sale debt investments and equity securities are valued using a market approach based on the quoted market prices or broker/dealer quotes of identical or comparable instruments.
Derivatives include foreign currency and commodity contracts. Our foreign currency forward contracts are valued using an income approach based on the present value of the forward rate less the contract rate multiplied by the notional amount. Commodity derivatives are valued using an income approach based on the present value of the commodity index prices less the contract rate multiplied by the notional amount.
Certain assets have been measured at fair value on a nonrecurring basis. The following table presents the nonrecurring losses recognized for the nine months ended September 30 due to long-lived asset impairment and the fair value of the related assets as of the impairment date:

20252024
Fair ValueTotal
Losses		Fair ValueTotal
Losses
Investments ($29) ($30)
Other assets$3 (3) (3)
Property, plant and equipment  (10)
Operating lease equipment
 $15 (5)
Total$3 ($32)$15 ($48)
Level 3 Investments and Other assets were primarily valued using an income approach based on the discounted cash flows associated with the underlying assets. Level 2 Property, plant and equipment were valued based on a third-party valuation using a combination of income and market approaches and adjusted for as-is condition. These approaches are considered estimates of net operating income, capitalization rates, and/or comparable property sales. Level 3 operating lease equipment were valued by calculating a median collateral value from a consistent group of third-party aircraft value publications. The values provided by the third-party aircraft publications are derived from their knowledge of market trades and other market factors. Management reviews the publications quarterly to assess the continued appropriateness and consistency with market trends. Under certain circumstances, we adjust values based on the attributes and condition of the specific aircraft or equipment, usually when the features or use of the aircraft vary significantly from the more generic aircraft attributes covered by third-party publications, or on the expected net sales price for the aircraft.
Fair Value Disclosures
The fair values and related carrying values of financial instruments that are not required to be remeasured at fair value on the Condensed Consolidated Statements of Financial Position were as follows:

September 30, 2025
Carrying
Amount		Total Fair
Value		Level 1Level 2Level 3
Assets
Notes receivable, net$1,114 $1,117 $1,109 $8 
Liabilities
Debt, excluding finance lease obligations (53,177)(53,286)(53,286)
December 31, 2024
Carrying
Amount		Total Fair
Value		Level 1Level 2Level 3
Assets
Notes receivable, net$940 $953 $941 $12 
Liabilities
Debt, excluding finance lease obligations (53,625)(51,089)(51,089)
The fair value of Notes receivable classified as Level 2 is estimated with discounted cash flow analysis using interest rates currently offered on loans with similar terms to borrowers of similar credit quality. The fair value of Notes receivable classified as Level 3 is based on our best estimate using available counterparty financial data. The fair value of our debt that is traded in the secondary market is classified as Level 2 and is based on current market yields. For our debt that is not traded in the secondary market,
the fair value is classified as Level 2 and is based on our indicative borrowing cost derived from dealer quotes or discounted cash flows. With regard to other financial instruments with off-balance sheet risk, it is not practicable to estimate the fair value of our indemnifications and financing commitments because the amount and timing of those arrangements are uncertain. Items not included in the above disclosures include cash, restricted cash, time deposits and other deposits, commercial paper, money market funds, Accounts receivable, Unbilled receivables, Other current assets, Accounts payable and long-term payables. The carrying values of those items, as reflected in the Condensed Consolidated Statements of Financial Position, approximate their fair value at September 30, 2025 and December 31, 2024. 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).
v3.25.3
Legal Proceedings
 9 Months Ended
Sep. 30, 2025
Legal Proceedings [Abstract]  
Legal Proceedings Legal Proceedings
Various legal proceedings, claims and investigations related to products, contracts, employment, securities and other matters are pending against us. In addition, we are subject to various government inquiries and investigations from which civil, criminal or administrative proceedings could result or have resulted in the past. Such proceedings involve or could involve claims by the government for fines, penalties, compensatory and treble damages, restitution and/or forfeitures. Under U.S. government regulations, a company, or one or more of its operating divisions or subdivisions, can also be suspended or debarred from government contracts, have certain of its production certificates suspended or revoked, or lose its export privileges, based on the results of investigations. We believe, based upon current information, that the outcome of any currently pending legal proceeding, claim, or government dispute, inquiry or investigation will not have a material effect on our financial position, results of operations or cash flows.
Multiple legal actions, investigations and inquiries were initiated concerning the October 29, 2018 accident of Lion Air Flight 610 and the March 10, 2019 accident of Ethiopian Airlines Flight 302. While many of these legal actions and investigations have been resolved, others are still pending, including a number of civil lawsuits and claims brought by family members of those who died in the Ethiopian Airlines accident. In addition, a motion to certify a class of plaintiffs is pending before the U.S. District Court for the Northern District of Illinois in a federal securities class action arising out of the accidents and the subsequent grounding of the 737 MAX. Furthermore, on January 7, 2021, we entered into a Deferred Prosecution Agreement (DPA) with the U.S. Department of Justice (the Department) relating to the Department’s investigation into us regarding the evaluation of the 737 MAX by the Federal Aviation Administration (the Investigation). Among other obligations, the DPA included a three-year reporting period, which ended in January 2024.
On May 14, 2024, the Department notified us of its determination that we did not fulfill our obligations under the DPA and that the Department would not move to dismiss the case. On May 29, 2025, Boeing and the Department reached agreement on the terms of a resolution in the form of a non-prosecution agreement, and the following day the Department filed a motion with the U.S. District Court for the Northern District of Texas (the Court) to dismiss the criminal information. Certain family members' representatives have opposed the dismissal, and a hearing to consider the Department's motion was held on September 3, 2025. Under the terms of the non-prosecution agreement, Boeing will pay a fine of $244; commit to invest at least $455 in compliance, quality and safety programs over a three-year period; and retain an independent compliance consultant. In addition, Boeing will provide $445 of additional compensation for the family members of those who died in the accidents. We have established escrow accounts for the $244 fine and $445 compensation fund for family members which will be disbursed if the Court dismisses the criminal information. The $445 of additional compensation was accrued for and expensed in the second quarter of 2025 while the $244 fine was accrued for and expensed in 2024.
Multiple legal actions were initiated as a result of the January 5, 2024 737-9 door plug accident. We are also subject to multiple governmental and regulatory investigations and inquiries relating to the 737-9 door plug accident and our commercial airplanes business.
We cannot reasonably estimate a range of loss, if any, not covered by available insurance and in excess of any accrued amounts that may result given the current status of pending lawsuits, investigations and inquiries arising from the 2018 and 2019 737 MAX accidents and the January 2024 737-9 door plug accident.
v3.25.3
Segment and Revenue Information
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment and Revenue Information Segment and Revenue Information
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 primary profitability measurement used by our chief operating decision maker to review segment operating results is Segment operating loss. The following tables reconcile segment Revenues to Segment operating loss:
BCABDSBGS
For the nine months ended September 30,
202520242025202420252024
Revenues$30,115 $18,099 $19,817 $18,507 $15,714 $14,835 
Less:
Research and development expense, net1,657 1,852 618 728 91 103 
Other segment items(1)
34,905 22,126 18,820 20,925 12,693 12,112 
Segment operating (loss)/earnings
($6,447)($5,879)$379 ($3,146)$2,930 $2,620 
For the three months ended September 30,
202520242025202420252024
Revenues$11,094 $7,443 $6,902 $5,536 $5,370 $4,901 
Less:
Research and development expense, net565 779 198 234 32 36 
Other segment items(1)
15,882 10,685 6,590 7,686 4,400 4,031 
Segment operating (loss)/earnings($5,353)($4,021)$114 ($2,384)$938 $834 
(1)    Primarily includes costs of products and services and general and administrative expenses.
The following tables present BCA, BDS and BGS revenues from contracts with customers disaggregated in a number of ways, such as geographic location, contract type and the method of revenue recognition. We believe these best depict how the nature, amount, timing and uncertainty of our revenues and cash flows are affected by economic factors.
BCA revenues by customer location consisted of the following:
(Dollars in millions)Nine months ended September 30Three months ended September 30
2025202420252024
Revenue from contracts with customers:
Europe$3,789 $3,046 $2,291 $1,499 
Asia8,888 7,028 3,509 2,635 
Middle East3,026 1,618 1,266 444 
Other non-U.S.1,969 1,245 781 491 
Total non-U.S. revenues17,672 12,937 7,847 5,069 
United States12,326 5,512 3,182 2,354 
Estimated potential concessions and other considerations to 737 MAX customers, net of insurance recoveries
5 (443) 
Total revenues from contracts with customers30,003 18,006 11,029 7,423 
Intersegment revenues eliminated on consolidation112 93 65 20 
Total segment revenues$30,115 $18,099 $11,094 $7,443 
Revenue recognized on fixed-price contracts100 %100 %100 %100 %
Revenue recognized at a point in time100 %99 %100 %99 %
BDS revenues on contracts with customers, based on the customer's location, consisted of the following:
(Dollars in millions)Nine months ended September 30Three months ended September 30
2025202420252024
Revenue from contracts with customers:
U.S. customers$15,485 $14,324 $5,325 $4,361 
Non-U.S. customers(1)
4,332 4,183 1,577 1,175 
Total segment revenue from contracts with customers$19,817 $18,507 $6,902 $5,536 
Revenue recognized over time100 %99 %99 %99 %
Revenue recognized on fixed-price contracts57 %53 %56 %49 %
Revenue from the U.S. government(1)
91 %91 %91 %92 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
BGS revenues consisted of the following:
(Dollars in millions)Nine months ended September 30Three months ended September 30
2025202420252024
Revenue from contracts with customers:
Commercial$9,055 $8,782 $3,088 $2,882 
Government6,337 5,764 2,169 1,935 
Total revenues from contracts with customers15,392 14,546 5,257 4,817 
Intersegment revenues eliminated on consolidation322 289 113 84 
Total segment revenues$15,714 $14,835 $5,370 $4,901 
Revenue recognized at a point in time53 %53 %53 %53 %
Revenue recognized on fixed-price contracts86 %87 %85 %86 %
Revenue from the U.S. government(1)
30 %29 %30 %29 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
Earnings in Equity Method Investments
During the nine and three months ended September 30, 2025, our share of income/(loss) from equity method investments was $47 and $17, compared to $87 and ($3) during the same periods in 2024. The income/(loss) on equity method investments in 2025 and 2024 was primarily driven by investments held at our BDS segment and in Unallocated items, eliminations, and other.
Backlog
Our total backlog includes contracts that we and our customers are committed to perform. The value in backlog represents the estimated transaction prices on performance obligations to our customers for which work remains to be performed. Backlog is converted into revenue, primarily based on the cost incurred or at delivery and acceptance of products, depending on the applicable revenue recognition model.
Our backlog at September 30, 2025 was $635,688. We expect approximately 17% to be converted to revenue through 2026 and approximately 61% through 2029, with the remainder thereafter. There is significant uncertainty regarding the timing of when backlog will convert into revenue. We may experience reductions to backlog and/or significant order cancellations due to various factors including delivery delays, production disruptions and delays to entry into service of the 777X, 737-7 and/or 737-10.
Unallocated Items, Eliminations and Other
Unallocated items, eliminations and other include common internal services that support Boeing’s global business operations and eliminations of certain sales between segments. We generally allocate costs to business segments based on the U.S. Government Cost Accounting Standards (CAS). Components of Unallocated items, eliminations and other income/(expense) are shown in the following table.
Nine months ended September 30Three months ended September 30
2025202420252024
Share-based plans($40)$118 $11 $65 
Deferred compensation(150)(100)(70)(51)
Amortization of previously capitalized interest(64)(70)(22)(24)
Research and development expense, net(285)(293)(102)(105)
Eliminations and other unallocated items(1,606)(1,019)(565)(303)
Unallocated items, eliminations and other
($2,145)($1,364)($748)($418)
Eliminations and other unallocated items expense for the nine months ended September 30, 2025 and 2024, includes earnings charges of $445 and $244 related to agreements with the U.S. Department of Justice. For additional discussion, see Note 19.
Pension and Other Postretirement Benefit Expense
Pension costs are allocated to BDS and BGS businesses supporting government customers using CAS, which employ different actuarial assumptions and accounting conventions than GAAP. These costs are allocable to government contracts. Other postretirement benefit costs are allocated to business segments based on CAS, which is generally based on benefits paid. FAS/CAS service cost adjustment represents the difference between the Financial Accounting Standards (FAS) pension and postretirement service costs calculated under GAAP and costs allocated to the business segments. Non-operating pension and postretirement expenses represent the components of net periodic benefit costs other than service cost. These expenses are included in Other income, net. Components of FAS/CAS service cost adjustment are shown in the following table:
Nine months ended September 30Three months ended September 30
2025202420252024
Pension FAS/CAS service cost adjustment$588 $608 $198 $148 
Postretirement FAS/CAS service cost adjustment199 224 70 80 
FAS/CAS service cost adjustment$787 $832 $268 $228 
Assets
Segment assets are summarized in the table below:
September 30
2025		December 31
2024
Commercial Airplanes$78,678 $84,177 
Defense, Space & Security16,371 15,350 
Global Services17,338 16,704 
Unallocated items, eliminations and other37,636 40,132 
Total$150,023 $156,363 
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.
Capital Expenditures
Nine months ended September 30Three months ended September 30
2025202420252024
Commercial Airplanes$409 $357 $166 $131 
Defense, Space & Security206 195 93 60 
Global Services122 111 53 40 
Unallocated items, eliminations and other1,249 919 573 380 
Total$1,986 $1,582 $885 $611 
Capital expenditures for Unallocated items, eliminations and other relate primarily to assets managed centrally on behalf of the three principal business segments.
Depreciation and Amortization
Nine months ended September 30Three months ended September 30
2025202420252024
Commercial Airplanes$323 $283 $111 $88 
Defense, Space & Security
159 153 56 57 
Global Services225 227 79 75 
Centrally Managed Assets (1)
710 664 245 224 
Total$1,417 $1,327 $491 $444 
(1)Amounts shown in the table represent depreciation and amortization expense recorded by the individual business segments. Depreciation and amortization for centrally managed assets are allocated to business segments based on usage and occupancy. During the nine months ended September 30, 2025, $524 was allocated to the primary business segments, of which $252, $212, and $60 was allocated to BCA, BDS and BGS, respectively. During the nine months ended September 30, 2024, $460 was allocated to the primary business segments, of which $225, $182, and $53 was allocated to BCA, BDS and BGS, respectively. During the three months ended September 30, 2025, $173 was allocated to the primary business segments, of which $80, $72, and $21 was allocated to BCA, BDS and BGS, respectively. During the three months ended September 30, 2024, $118 was allocated to the primary business segments, of which $59, $44, and $15 was allocated to BCA, BDS and BGS, respectively.
v3.25.3
Insider Trading Arrangements
 3 Months Ended
Sep. 30, 2025
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
v3.25.3
Basis of Presentation (Policy)
 9 Months Ended
Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Use of Estimates
Use of Estimates
The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Long-term Contracts
Long-term Contracts
Substantially all contracts at our BDS segment and certain contracts at our Global Services (BGS) segment are long-term contracts with the U.S. government and other customers that generally extend over several years. Changes in estimated revenues, cost of sales, and the related effect on operating income are recognized using a cumulative catch-up adjustment which recognizes, in the current period, the cumulative effect of the changes on current and prior periods based on a long-term contract’s percentage-of-completion. When the current estimates of total revenues and costs at completion for a long-term contract indicate a loss, a provision for the entire reach-forward loss on the long-term contract is recognized.
Earnings Per Share
Basic and diluted earnings per share are computed using the two-class method, which is an earnings allocation method that determines earnings per share for common shares and participating securities. The undistributed earnings are allocated between common shares and participating securities as if all earnings had been distributed during the period. Participating securities and common shares have equal rights to undistributed earnings.
Basic earnings per share is calculated by taking net earnings attributable to Boeing shareholders, less Mandatory convertible preferred stock dividends accumulated during the period and earnings available to participating securities, divided by the basic weighted average common shares outstanding.
Diluted earnings per share is calculated by taking net earnings attributable to Boeing shareholders, less Mandatory convertible preferred stock dividends accumulated during the period and earnings available to participating securities, divided by the diluted weighted average common shares outstanding. Diluted weighted average common shares outstanding is calculated using the treasury stock method for share-based compensation awards and the if-converted method for Mandatory convertible preferred stock.
Backlog
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.
v3.25.3
Summary of Business Segment Data (Tables)
 9 Months Ended
Sep. 30, 2025
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Schedule of Segment Reporting Information, by Segment
(Dollars in millions)Nine months ended September 30Three months ended September 30
2025202420252024
Revenues:
Commercial Airplanes$30,115 $18,099 $11,094 $7,443 
Defense, Space & Security19,817 18,507 6,902 5,536 
Global Services15,714 14,835 5,370 4,901 
Unallocated items, eliminations and other(131)(166)(96)(40)
Total revenues$65,515 $51,275 $23,270 $17,840 
Loss from operations:
Commercial Airplanes($6,447)($5,879)($5,353)($4,021)
Defense, Space & Security379 (3,146)114 (2,384)
Global Services2,930 2,620 938 834 
Segment operating loss(3,138)(6,405)(4,301)(5,571)
Unallocated items, eliminations and other(2,145)(1,364)(748)(418)
FAS/CAS service cost adjustment787 832 268 228 
Loss from operations(4,496)(6,937)(4,781)(5,761)
Other income, net924 790 276 265 
Interest and debt expense(2,112)(1,970)(694)(728)
Loss before income taxes(5,684)(8,117)(5,199)(6,224)
Income tax (expense)/benefit(298)149 (140)50 
Net loss(5,982)(7,968)(5,339)(6,174)
Less: Net earnings/(loss) attributable to noncontrolling interest3 (16)(2)(4)
Net loss attributable to Boeing shareholders(5,985)(7,952)(5,337)($6,170)
Less: Mandatory convertible preferred stock dividends accumulated during the period259  87  
Net loss attributable to Boeing common shareholders($6,244)($7,952)($5,424)($6,170)
v3.25.3
Basis of Presentation (Tables)
 9 Months Ended
Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Change in Accounting Estimate
The table below reflects the impact of net cumulative catch-up adjustments for changes in estimated revenues and costs at completion across all long-term contracts, including the impact to Loss from operations from changes in estimated losses on unexercised options.
(In millions - except per share amounts)Nine months ended September 30Three months ended September 30
2025202420252024
Decrease to Revenue($397)($1,928)($91)($963)
Increase to Loss from operations
($544)($4,322)($206)($2,622)
Increase to Diluted loss per share
($0.74)($6.89)($0.28)($4.20)
v3.25.3
Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Weighted Average Number of Shares
The elements used in the computation of Basic and Diluted loss per share were as follows:
(In millions - except per share amounts)Nine months ended September 30Three months ended September 30
2025202420252024
Net loss attributable to Boeing shareholders($5,985)($7,952)($5,337)($6,170)
Less: Mandatory convertible preferred stock dividends accumulated during the period
259 87 
Less: earnings available to participating securities  
Net loss available to common shareholders
($6,244)($7,952)($5,424)($6,170)
Basic
Basic weighted average shares outstanding
756.9 616.1 760.1 618.8 
Less: participating securities(1)
0.2 0.3 0.2 0.2 
Basic weighted average common shares outstanding
756.7 615.8 759.9 618.6 
Diluted
Diluted weighted average shares outstanding
756.9 616.1 760.1 618.8 
Less: participating securities(1)
0.2 0.3 0.2 0.2 
Diluted weighted average common shares outstanding
756.7 615.8 759.9 618.6 
Net loss per share:
Basic
($8.25)($12.91)($7.14)($9.97)
Diluted
(8.25)(12.91)(7.14)(9.97)
(1)Participating securities include certain instruments in our deferred compensation plan.
Schedule of Weighted Average Number of Shares Outstanding Excluded from the Computation of Diluted Earnings Per Share
The following table represents potential common shares that were not included in the computation of Diluted loss per share because the effect was antidilutive based on their strike price or the performance condition was not met.
(Shares in millions)Nine months ended September 30Three months ended September 30
2025202420252024
Performance restricted stock units0.5 0.7 0.5 0.7 
Restricted stock units0.2 0.7  
Stock options0.8 0.8 0.6 0.8 
v3.25.3
Allowances for Losses on Financial Assets (Tables)
 9 Months Ended
Sep. 30, 2025
Allowance for Losses on Financial Assets [Abstract]  
Schedule of Financial Assets, Allowance for Credit Loss
The changes in allowances for expected credit losses for the nine months ended September 30, 2025 and 2024, consisted of the following:
Accounts receivable Unbilled receivablesOther current assets
Financing receivables
Other assetsTotal
Balance at January 1, 2024($89)($19)($50)($51)($122)($331)
Changes in estimates(28)(2)(2)41 (66)(57)
Write-offs15 11 26 
Recoveries1 1 
Balance at September 30, 2024
($101)($21)($41)($10)($188)($361)
Balance at January 1, 2025($92)($38)($47)($7)($199)($383)
Changes in estimates(11)(4)(17)7 (25)(50)
Write-offs15 17 32 
Recoveries1 1 
Other
12 12 
Balance at September 30, 2025
($75)($42)($47) ($224)($388)
v3.25.3
Inventories (Tables)
 9 Months Ended
Sep. 30, 2025
Inventory Disclosure [Abstract]  
Schedule of Inventory, Current
Inventories consisted of the following:
September 30
2025		December 31
2024
Commercial aircraft programs$69,289 $75,192 
Long-term contracts in progress447 752 
Capitalized precontract costs(1)
1,260 1,176 
Commercial spare parts, used aircraft, general stock materials and other
11,429 10,430 
Total$82,425 $87,550 
(1)Capitalized precontract costs at September 30, 2025 and December 31, 2024, included amounts related to Commercial Crew, T-7A Red Hawk Production Options and KC-46A Tanker. See Note 11.
v3.25.3
Financing Receivables and Operating Lease Equipment (Tables)
 9 Months Ended
Sep. 30, 2025
Financing Receivables and Operating Lease Equipment [Abstract]  
Schedule of Financing Receivables and Operating Lease Equipment, Net
Financing receivables and operating lease equipment, net consisted of the following:
September 30
2025		December 31
2024
Financing receivables:
Investment in sales-type leases $203 
Notes 85 
Total financing receivables
 288 
Less allowance for losses on receivables 7 
Financing receivables, net 281 
Operating lease equipment, at cost, less accumulated depreciation of $57 and $46
$245 240 
Total$245 $521 
Schedule of Customer Financing Carrying Values Related to Major Aircraft Concentrations
The majority of our financing receivables and operating lease equipment portfolio is concentrated in the following aircraft models:
September 30
2025		December 31
2024
777 Aircraft (Accounted for as operating leases)
$173 $183 
747-8 Aircraft (Primarily accounted for as notes)
92 
737 Aircraft (Primarily accounted for as operating leases)46 47 
717 Aircraft (Accounted for as sales-type leases)
196 
v3.25.3
Investments (Tables)
 9 Months Ended
Sep. 30, 2025
Investments [Abstract]  
Schedule of Investments
Our investments, which are recorded in Short-term and other investments or Investments, consisted of the following:
September 30
2025		December 31
2024
Time deposits (1)
$15,590 $11,960 
Equity method investments (2)
998 948 
Available-for-sale debt investments (1)
529 517 
Equity and other investments35 34 
Restricted cash & cash equivalents (1)(3)
709 21 
Total$17,861 $13,480 
(1)Primarily included in Short-term and other investments on our Condensed Consolidated Statements of Financial Position.
(2)Dividends received were $13 and $3 during the nine and three months ended September 30, 2025, and $41 and $4 for the same periods in 2024.
(3)At September 30, 2025, Restricted cash & cash equivalents includes $689 placed in escrow pursuant to the May 2025 non-prosecution agreement with the U.S. Department of Justice. See Note 19 for additional discussion.
v3.25.3
Liabilities, Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of 737 Max Customer Concessions and Other Considerations Liability
The following table summarizes changes in the 737 MAX customer concessions and other considerations liability during the nine months ended September 30, 2025 and 2024.
20252024
Beginning balance – January 1$641 $1,327 
Reductions for payments made(135)(767)
Reductions for concessions and other in-kind considerations(66)(256)
Changes in estimates(5)510 
Ending balance – September 30$435 $814 
Schedule of Environmental Remediation Activity
The following table summarizes changes in environmental remediation liabilities during the nine months ended September 30, 2025 and 2024.
20252024
Beginning balance – January 1$834 $844 
Reductions for payments made, net of recoveries(53)(67)
Changes in estimates127 98 
Ending balance – September 30$908 $875 
Schedule of Product Warranty Activity
The following table summarizes changes in product warranty liabilities recorded during the nine months ended September 30, 2025 and 2024.
20252024
Beginning balance – January 1$2,133 $2,448 
Additions for current year deliveries136 67 
Reductions for payments made(254)(297)
Changes in estimates384 (27)
Ending balance – September 30$2,399 $2,191 
Schedule of Contractual Obligation, Fiscal Year Maturity The estimated earliest potential funding dates for these commitments as of September 30, 2025 are as follows:

Total
October through December 2025
$582 
20262,186 
20273,704 
20283,750 
20292,356 
Thereafter2,882 
Total
$15,460 
v3.25.3
Arrangements with Off-Balance Sheet Risk (Tables)
 9 Months Ended
Sep. 30, 2025
Guarantees [Abstract]  
Schedule of Guarantor Obligations
The following table provides quantitative data regarding our third-party guarantees. The maximum potential payments represent a “worst-case scenario” and do not necessarily reflect amounts that we expect to pay. The carrying amount of liabilities represents the amount included in Accrued liabilities.
Maximum
Potential Payments		Estimated Proceeds from
Collateral/Recourse		Carrying Amount of
 Liabilities
September 30
2025		December 31
2024		September 30
2025		December 31
2024		September 30
2025		December 31
2024
Contingent repurchase commitments
$186 $295 $186 $295 
Credit guarantees15 15  $14 $14 
v3.25.3
Postretirement Plans (Tables)
 9 Months Ended
Sep. 30, 2025
Retirement Benefits [Abstract]  
Components of Net Periodic Benefit Cost
The components of net periodic benefit cost/(income) were as follows:
Nine months ended September 30Three months ended September 30
Pension Plans2025202420252024
Service cost$7 $5 $3 $2 
Interest cost2,007 1,976 669 658 
Expected return on plan assets(2,308)(2,483)(769)(827)
Amortization of prior service credits(55)(61)(18)(20)
Recognized net actuarial loss229 200 76 66 
Net periodic benefit income($120)($363)($39)($121)
Net periodic benefit cost included in Loss from operations$7 $5 $3 $2 
Net periodic benefit income included in Other income, net(127)(368)(42)(123)
Net periodic benefit income included in Loss before income taxes
($120)($363)($39)($121)
Nine months ended September 30Three months ended September 30
Other Postretirement Plans2025202420252024
Service cost$38 $38 $13 $13 
Interest cost102 93 34 31 
Expected return on plan assets(9)(8)(3)(2)
Amortization of prior service credits(1)(8)(1)(3)
Recognized net actuarial gain(106)(132)(35)(44)
Net periodic benefit cost/(income)$24 ($17)$8 ($5)
Net periodic benefit cost included in Loss from operations$38 $35 $13 $12 
Net periodic benefit income included in Other income, net(14)(55)(5)(18)
Net periodic benefit cost/(income) included in Loss before income taxes
$24 ($20)$8 ($6)
v3.25.3
Shareholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Schedule of Conversion Rate Per Share of Mandatory Convertible Preferred Stock
The following table illustrates the conversion rate per share of Mandatory convertible preferred stock, subject to certain anti-dilution adjustments, based on the applicable market value of the common stock:
Applicable Market Value of Common StockConversion Rate per Share of Mandatory Convertible Preferred Stock
Greater than $171.5854
5.8280 shares of common stock
Equal to or less than $171.5854 but greater than or equal to $142.9797
Between 5.8280 and 6.9940 shares of common stock, determined by dividing $1,000 by the applicable market value
Less than $142.9797
6.9940 shares of common stock
Schedule of Accumulated Other Comprehensive Income (Loss)
Changes in Accumulated other comprehensive loss (AOCI) by component for the nine and three months ended September 30, 2025 and 2024, were as follows:
Currency Translation AdjustmentsUnrealized Gains and Losses on Certain Investments
Unrealized Gains and Losses on Derivative Instruments
Defined Benefit Pension Plans & Other Postretirement Benefits
Total (1)
Balance at January 1, 2024($134)$2 $12 ($10,185)($10,305)
Other comprehensive income/(loss) before reclassifications
30 1 (13)(12)6 
Amounts reclassified from AOCI
26  26 
Net current period Other comprehensive income/(loss)
30 1 13 (12)32 
Balance at September 30, 2024($104)$3 $25 ($10,197)($10,273)
Balance at January 1, 2025($178)$2 ($211)($10,528)($10,915)
Other comprehensive income/(loss) before reclassifications
107 181 (2)286 
Amounts reclassified from AOCI
32 53 85 
Net current period Other comprehensive income
107 213 51 371 
Balance at September 30, 2025($71)$2 $2 ($10,477)($10,544)
Balance at June 30, 2024($158)$2 ($38)($10,198)($10,392)
Other comprehensive income before reclassifications
54 1 63 1 119 
Amounts reclassified from AOCI
  
Net current period Other comprehensive income
54 1 63 1 119 
Balance at September 30, 2024($104)$3 $25 ($10,197)($10,273)
Balance at June 30, 2025($70)$2 $23 ($10,494)($10,539)
Other comprehensive loss before reclassifications
(1) (25) (26)
Amounts reclassified from AOCI
  4 17 21 
Net current period Other comprehensive (loss)/income
(1)(21)17 (5)
Balance at September 30, 2025($71)$2 $2 ($10,477)($10,544)
(1)     Net of tax.
v3.25.3
Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The notional amounts and fair values of derivative instruments in the Condensed Consolidated Statements of Financial Position were as follows:
Notional amounts (1)
Other assetsAccrued liabilities
September 30
2025		December 31
2024		September 30
2025		December 31
2024		September 30
2025		December 31
2024
Derivatives designated as hedging instruments:
Foreign exchange contracts$4,252 $5,139 $126 $23 ($66)($213)
Commodity contracts469 388 63 65 (1)(12)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts521 103 6 1 (11)(17)
Commodity contracts32 129  
Total derivatives$5,274 $5,759 $195 $89 ($78)($242)
Netting arrangements(38)(24)38 24 
Net recorded balance$157 $65 ($40)($218)
(1)Notional amounts represent the gross contract/notional amount of the derivatives outstanding.
Schedule of Derivative Instruments, Gains/(Losses) in Statement of Financial Performance
Gains/(losses) associated with our hedging transactions and forward points recognized in Other comprehensive income/(loss), net of tax are presented in the following table:
Nine months ended September 30Three months ended September 30

2025202420252024
Recognized in Other comprehensive income/(loss), net of tax:
Foreign exchange contracts$166 ($18)($35)$57 
Commodity contracts15 5 10 6 
Reclassification Out of Accumulated Other Comprehensive Income
(Losses)/gains associated with our hedging transactions and forward points reclassified from AOCI to earnings are presented in the following table:
Nine months ended September 30Three months ended September 30
2025202420252024
Foreign exchange contracts
Costs and expenses($21)($19)($9)($7)
General and administrative expense(4)(13)5 
Commodity contracts
Costs and expenses($21)($6)($3)$6 
General and administrative expense5 5 2 2 
v3.25.3
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value, Assets and Liabilities Measured on Recurring Basis The following table presents our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy.

September 30, 2025December 31, 2024
TotalLevel 1Level 2TotalLevel 1Level 2
Assets
Money market funds$2,260 $2,260 $6,475 $6,475 
Available-for-sale debt investments:
Commercial paper165 $165 165 $165 
Corporate notes337 337 335 335 
U.S. government agencies27 2717 17 
Other equity investments10 10 9 9 
Derivatives157 157 65 65 
Total assets$2,956 $2,270 $686 $7,066 $6,484 $582 
Liabilities
Derivatives($40)($40)($218)($218)
Total liabilities($40) ($40)($218)($218)
Fair Value, Assets Measured on Nonrecurring Basis Using Unobservable Inputs The following table presents the nonrecurring losses recognized for the nine months ended September 30 due to long-lived asset impairment and the fair value of the related assets as of the impairment date:

20252024
Fair ValueTotal
Losses		Fair ValueTotal
Losses
Investments ($29) ($30)
Other assets$3 (3) (3)
Property, plant and equipment  (10)
Operating lease equipment
 $15 (5)
Total$3 ($32)$15 ($48)
Fair Values and Related Carrying Values of Financial Instruments
The fair values and related carrying values of financial instruments that are not required to be remeasured at fair value on the Condensed Consolidated Statements of Financial Position were as follows:

September 30, 2025
Carrying
Amount		Total Fair
Value		Level 1Level 2Level 3
Assets
Notes receivable, net$1,114 $1,117 $1,109 $8 
Liabilities
Debt, excluding finance lease obligations (53,177)(53,286)(53,286)
December 31, 2024
Carrying
Amount		Total Fair
Value		Level 1Level 2Level 3
Assets
Notes receivable, net$940 $953 $941 $12 
Liabilities
Debt, excluding finance lease obligations (53,625)(51,089)(51,089)
v3.25.3
Segment and Revenue Information (Tables)
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated The following tables reconcile segment Revenues to Segment operating loss:
BCABDSBGS
For the nine months ended September 30,
202520242025202420252024
Revenues$30,115 $18,099 $19,817 $18,507 $15,714 $14,835 
Less:
Research and development expense, net1,657 1,852 618 728 91 103 
Other segment items(1)
34,905 22,126 18,820 20,925 12,693 12,112 
Segment operating (loss)/earnings
($6,447)($5,879)$379 ($3,146)$2,930 $2,620 
For the three months ended September 30,
202520242025202420252024
Revenues$11,094 $7,443 $6,902 $5,536 $5,370 $4,901 
Less:
Research and development expense, net565 779 198 234 32 36 
Other segment items(1)
15,882 10,685 6,590 7,686 4,400 4,031 
Segment operating (loss)/earnings($5,353)($4,021)$114 ($2,384)$938 $834 
(1)    Primarily includes costs of products and services and general and administrative expenses.
Schedule of Disaggregation of Revenue
BCA revenues by customer location consisted of the following:
(Dollars in millions)Nine months ended September 30Three months ended September 30
2025202420252024
Revenue from contracts with customers:
Europe$3,789 $3,046 $2,291 $1,499 
Asia8,888 7,028 3,509 2,635 
Middle East3,026 1,618 1,266 444 
Other non-U.S.1,969 1,245 781 491 
Total non-U.S. revenues17,672 12,937 7,847 5,069 
United States12,326 5,512 3,182 2,354 
Estimated potential concessions and other considerations to 737 MAX customers, net of insurance recoveries
5 (443) 
Total revenues from contracts with customers30,003 18,006 11,029 7,423 
Intersegment revenues eliminated on consolidation112 93 65 20 
Total segment revenues$30,115 $18,099 $11,094 $7,443 
Revenue recognized on fixed-price contracts100 %100 %100 %100 %
Revenue recognized at a point in time100 %99 %100 %99 %
BDS revenues on contracts with customers, based on the customer's location, consisted of the following:
(Dollars in millions)Nine months ended September 30Three months ended September 30
2025202420252024
Revenue from contracts with customers:
U.S. customers$15,485 $14,324 $5,325 $4,361 
Non-U.S. customers(1)
4,332 4,183 1,577 1,175 
Total segment revenue from contracts with customers$19,817 $18,507 $6,902 $5,536 
Revenue recognized over time100 %99 %99 %99 %
Revenue recognized on fixed-price contracts57 %53 %56 %49 %
Revenue from the U.S. government(1)
91 %91 %91 %92 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
BGS revenues consisted of the following:
(Dollars in millions)Nine months ended September 30Three months ended September 30
2025202420252024
Revenue from contracts with customers:
Commercial$9,055 $8,782 $3,088 $2,882 
Government6,337 5,764 2,169 1,935 
Total revenues from contracts with customers15,392 14,546 5,257 4,817 
Intersegment revenues eliminated on consolidation322 289 113 84 
Total segment revenues$15,714 $14,835 $5,370 $4,901 
Revenue recognized at a point in time53 %53 %53 %53 %
Revenue recognized on fixed-price contracts86 %87 %85 %86 %
Revenue from the U.S. government(1)
30 %29 %30 %29 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
Schedule of Segment, Reconciliation of Other Items from Segments to Consolidated Components of Unallocated items, eliminations and other income/(expense) are shown in the following table.
Nine months ended September 30Three months ended September 30
2025202420252024
Share-based plans($40)$118 $11 $65 
Deferred compensation(150)(100)(70)(51)
Amortization of previously capitalized interest(64)(70)(22)(24)
Research and development expense, net(285)(293)(102)(105)
Eliminations and other unallocated items(1,606)(1,019)(565)(303)
Unallocated items, eliminations and other
($2,145)($1,364)($748)($418)
Components of Financial Accounting Standards and Cost Accounting Standards Adjustment These expenses are included in Other income, net. Components of FAS/CAS service cost adjustment are shown in the following table:
Nine months ended September 30Three months ended September 30
2025202420252024
Pension FAS/CAS service cost adjustment$588 $608 $198 $148 
Postretirement FAS/CAS service cost adjustment199 224 70 80 
FAS/CAS service cost adjustment$787 $832 $268 $228 
Reconciliation of Assets from Segment to Consolidated
Segment assets are summarized in the table below:
September 30
2025		December 31
2024
Commercial Airplanes$78,678 $84,177 
Defense, Space & Security16,371 15,350 
Global Services17,338 16,704 
Unallocated items, eliminations and other37,636 40,132 
Total$150,023 $156,363 
Schedule of Capital Expenditures by Segment
Nine months ended September 30Three months ended September 30
2025202420252024
Commercial Airplanes$409 $357 $166 $131 
Defense, Space & Security206 195 93 60 
Global Services122 111 53 40 
Unallocated items, eliminations and other1,249 919 573 380 
Total$1,986 $1,582 $885 $611 
Schedule of Depreciation and Amortization by Segment
Nine months ended September 30Three months ended September 30
2025202420252024
Commercial Airplanes$323 $283 $111 $88 
Defense, Space & Security
159 153 56 57 
Global Services225 227 79 75 
Centrally Managed Assets (1)
710 664 245 224 
Total$1,417 $1,327 $491 $444 
(1)Amounts shown in the table represent depreciation and amortization expense recorded by the individual business segments. Depreciation and amortization for centrally managed assets are allocated to business segments based on usage and occupancy. During the nine months ended September 30, 2025, $524 was allocated to the primary business segments, of which $252, $212, and $60 was allocated to BCA, BDS and BGS, respectively. During the nine months ended September 30, 2024, $460 was allocated to the primary business segments, of which $225, $182, and $53 was allocated to BCA, BDS and BGS, respectively. During the three months ended September 30, 2025, $173 was allocated to the primary business segments, of which $80, $72, and $21 was allocated to BCA, BDS and BGS, respectively. During the three months ended September 30, 2024, $118 was allocated to the primary business segments, of which $59, $44, and $15 was allocated to BCA, BDS and BGS, respectively.
v3.25.3
Summary of Business Segment Data - Schedule of Segment Reporting Information, by Segment (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Segment Reporting Information [Line Items]        
Total revenues $ 23,270 $ 17,840 $ 65,515 $ 51,275
Loss from operations (4,781) (5,761) (4,496) (6,937)
Other income, net 276 265 924 790
Interest and debt expense (694) (728) (2,112) (1,970)
Loss before income taxes (5,199) (6,224) (5,684) (8,117)
Income tax (expense)/benefit (140) 50 (298) 149
Net loss (5,339) (6,174) (5,982) (7,968)
Less: Net earnings/(loss) attributable to noncontrolling interest (2) (4) 3 (16)
Net loss attributable to Boeing shareholders (5,337) (6,170) (5,985) (7,952)
Less: mandatory convertible preferred stock dividends accumulated during the period 87 259
Net loss attributable to Boeing common shareholders (5,424) (6,170) (6,244) (7,952)
Net loss attributable to Boeing common shareholders (5,424) (6,170) (6,244) (7,952)
Operating Segments        
Segment Reporting Information [Line Items]        
Loss from operations (4,301) (5,571) (3,138) (6,405)
Operating Segments | Commercial Airplanes        
Segment Reporting Information [Line Items]        
Total revenues 11,094 7,443 30,115 18,099
Loss from operations (5,353) (4,021) (6,447) (5,879)
Operating Segments | Defense, Space & Security        
Segment Reporting Information [Line Items]        
Total revenues 6,902 5,536 19,817 18,507
Loss from operations 114 (2,384) 379 (3,146)
Operating Segments | Global Services        
Segment Reporting Information [Line Items]        
Total revenues 5,370 4,901 15,714 14,835
Loss from operations 938 834 2,930 2,620
Unallocated items, eliminations and other        
Segment Reporting Information [Line Items]        
Total revenues (96) (40) (131) (166)
Unallocated items, eliminations and other (748) (418) (2,145) (1,364)
FAS/CAS service cost adjustment $ 268 $ 228 $ 787 $ 832
v3.25.3
Basis of Presentation - Narrative (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Basis of Presentation Disclosure [Line Items]    
Goodwill $ 7,281 $ 8,084
Military Aircraft | Defense, Space & Security    
Basis of Presentation Disclosure [Line Items]    
Goodwill $ 1,295  
v3.25.3
Basis of Presentation - Schedule of Change in Accounting Estimate (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]        
Decrease to Revenue $ (91) $ (963) $ (397) $ (1,928)
Increase to Loss from operations $ (206) $ (2,622) $ (544) $ (4,322)
Increase to Diluted loss per share (in dollars per share) $ (0.28) $ (4.20) $ (0.74) $ (6.89)
v3.25.3
Spirit Acquisition (Details)
$ / shares in Units, $ in Millions
 33 Months Ended
Dec. 31, 2025
USD ($)
extension_period
$ / shares
shares
Apr. 27, 2025
USD ($)
Sep. 30, 2025
USD ($)
Dec. 31, 2024
USD ($)
Business Combination [Line Items]        
Business combination, amount due, liability     $ 527  
Business combination, liability repayment, year one, adjustment     425  
Forecast        
Business Combination [Line Items]        
Business combination, termination rights, number of three-month extension periods | extension_period 3      
Business combination, termination rights, cured duration 30 days      
Spirit AeroSystems Holdings, Inc.        
Business Combination [Line Items]        
Payments to acquire businesses, gross   $ 439    
Business combination, maximum financial support amount     1,199  
Business combination, financial support amount, not yet drawn     16  
Business combination, liability repayment amount     40  
Business combination, liability repayment amount, outstanding     1,143  
Business combination, supplier notes receivable, net of interest     1,122  
Business combination, other assets, current     724 $ 539
Business combination, other assets     398 299
Business combination, inventory advance payment     $ 161 $ 165
Spirit AeroSystems Holdings, Inc. | Forecast        
Business Combination [Line Items]        
Business combination, consideration transferred $ 4,700      
Business acquisition, share price (in dollars per share) | $ / shares $ 37.25      
Business acquisition, trading day 15 days      
Business acquisition, buyer termination fee $ 300      
Spirit AeroSystems Holdings, Inc. | Minimum | Forecast        
Business Combination [Line Items]        
Business acquisition, exchange ratio 18.00%      
Business acquisition, floor price per share (in dollars per share) | $ / shares $ 149.00      
Business acquisition, equity interest issued or issuable, number of shares (in shares) | shares 0.25      
Spirit AeroSystems Holdings, Inc. | Maximum | Forecast        
Business Combination [Line Items]        
Business acquisition, exchange ratio 25.00%      
Business acquisition, ceiling price per share (in dollars per share) | $ / shares $ 206.94      
Business acquisition, equity interest issued or issuable, number of shares (in shares) | shares 0.18      
v3.25.3
Digital Aviation Solutions Divestiture (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Sep. 30, 2025
Dec. 31, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Assets held for sale   $ 1,473,000
Liabilities held for sale   524,000
Disposal Group, Held-for-Sale, Not Discontinued Operations | Digital Aviation Solutions      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Assets held for sale   1,473,000  
Liabilities held for sale   524,000  
Disposal group, including discontinued operation, goodwill, current   810,000  
Disposal group, including discontinued operation, intangible assets, current   306,000  
Disposal group, including discontinued operation, account receivable, current   (160,000)  
Disposal group, including discontinued operation, contract with customer, liability, current   306,000  
Disposal group, including discontinued operation, accrued liabilities, current   $ 129,000  
Forecast | Disposal Group, Held-for-Sale, Not Discontinued Operations | Digital Aviation Solutions      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Proceeds from divestiture of businesses $ 10,550,000    
v3.25.3
Earnings Per Share - Schedule of Weighted Average Number of Shares (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Earnings Per Share [Abstract]        
Net loss attributable to Boeing shareholders $ (5,337) $ (6,170) $ (5,985) $ (7,952)
Less: Mandatory convertible preferred stock dividends accumulated during the period 87 259
Less: earnings available to participating securities, basic
Less: earnings available to participating securities, diluted
Net loss attributable to Boeing common shareholders (5,424) (6,170) (6,244) (7,952)
Net loss attributable to Boeing common shareholders $ (5,424) $ (6,170) $ (6,244) $ (7,952)
Basic weighted average shares outstanding (in shares) 760.1 618.8 756.9 616.1
Participating securities (in shares) 0.2 0.2 0.2 0.3
Basic weighted average common shares outstanding (in shares) 759.9 618.6 756.7 615.8
Diluted weighted average shares outstanding (in shares) 760.1 618.8 756.9 616.1
Participating securities (in shares) 0.2 0.2 0.2 0.3
Diluted weighted average common shares outstanding (in shares) 759.9 618.6 756.7 615.8
Basic net loss per share (in dollars per share) $ (7.14) $ (9.97) $ (8.25) $ (12.91)
Diluted net loss per share (in dollars per share) $ (7.14) $ (9.97) $ (8.25) $ (12.91)
v3.25.3
Earnings Per Share - Schedule of Weighted Average Number of Shares Outstanding Excluded from the Computation of Diluted Earnings Per Share (Details) - Antidilutive or Performance Condition not met - shares
shares in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Performance restricted stock units        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Shares excluded from the computation of diluted earnings (in shares) 0.5 0.7 0.5 0.7
Restricted stock units        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Shares excluded from the computation of diluted earnings (in shares) 0.2 0.7
Stock options        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Shares excluded from the computation of diluted earnings (in shares) 0.6 0.8 0.8 0.8
v3.25.3
Earnings Per Share - Narrative (Details) - shares
shares in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Antidilutive due to Net Loss        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Shares excluded from the computation of diluted earnings (in shares) 35.9 2.9 36.5 2.9
v3.25.3
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Income Tax Disclosure [Abstract]          
Estimated annual effective income tax rate     3.20%    
Effective income tax rate (2.70%) 0.80% (5.20%) 1.80%  
Valuation allowance         $ 7,837
v3.25.3
Allowances for Losses on Financial Assets - Schedule of Financial Assets, Allowance for Credit Loss (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]    
Account receivable, allowance for credit loss, beginning balance $ (92) $ (89)
Unbilled receivables, allowance for credit loss, beginning balance (38) (19)
Allowance for credit loss, beginning balance (383) (331)
Customer financing, allowance for credit loss, beginning balance (7) (51)
Accounts receivable, changes in estimates (11) (28)
Unbilled receivables, changes in estimates (4) (2)
Changes in estimates (50) (57)
Customer financing, changes in estimates 7 41
Accounts receivable, write-offs 15 15
Write-offs 32 26
Recoveries 1 1
Accounts receivable, recovery 1 1
Accounts receivable, other 12  
Other 12  
Account receivable, allowance for credit loss, ending balance (75) (101)
Unbilled receivables, allowance for credit loss, ending balance (42) (21)
Allowance for credit loss, ending balance (388) (361)
Customer financing, allowance for credit loss, ending balance (10)
Other current assets    
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]    
Allowance for credit loss, beginning balance (47) (50)
Allowance for credit loss, ending balance (47) (41)
Other assets    
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]    
Allowance for credit loss, beginning balance (199) (122)
Allowance for credit loss, ending balance (224) (188)
Other current assets    
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]    
Changes in estimates (17) (2)
Write-offs 17 11
Other assets    
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]    
Changes in estimates $ (25) $ (66)
v3.25.3
Inventories - Schedule of Inventory, Current (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Inventory Disclosure [Abstract]    
Commercial aircraft programs $ 69,289 $ 75,192
Long-term contracts in progress 447 752
Capitalized precontract costs 1,260 1,176
Commercial spare parts, used aircraft, general stock materials and other 11,429 10,430
Total $ 82,425 $ 87,550
v3.25.3
Inventories - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Inventory [Line Items]        
777X and 767 reach-forward losses   $ 5,140 $ 3,006  
Early Issue Sales Consideration        
Inventory [Line Items]        
Inventory subject to uncertainty $ 6,070 6,070   $ 5,837
Airplane Program 737        
Inventory [Line Items]        
Amount of deferred costs related to commercial aircraft programs 11,082 11,082   9,679
Unamortized tooling and other non-recurring costs 828 828   909
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from firm orders at the balance sheet date 11,871 11,871    
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from future orders 39 39    
Airplane Program 777x        
Inventory [Line Items]        
Amount of deferred costs related to commercial aircraft programs 0 0   0
Unamortized tooling and other non-recurring costs 1,486 1,486   4,122
Inventory, work in process 3,697 3,697   3,476
777X and 767 reach-forward losses 4,899      
Airplane Program 787        
Inventory [Line Items]        
Amount of deferred costs related to commercial aircraft programs 14,088 14,088   13,178
Unamortized tooling and other non-recurring costs 1,246 1,246   1,370
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from firm orders at the balance sheet date 12,597 12,597    
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from future orders 2,737 2,737    
Supplier advances $ 1,100 1,100   $ 1,379
Abnormal production costs   $ 30 $ 209  
v3.25.3
Contracts with Customers - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]          
Unbilled receivables, net $ 9,032   $ 9,032   $ 8,363
Advances and progress billings 57,962   57,962   $ 60,333
Contract with customer, liability, revenue recognized $ 5,254 $ 3,927 $ 16,431 $ 11,804  
v3.25.3
Financing Receivables and Operating Lease Equipment - Schedule of Financing Receivables and Operating Lease Equipment, Net (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Dec. 31, 2023
Financing Receivables and Operating Lease Equipment [Abstract]        
Investment in sales-type leases $ 203    
Notes 85    
Total financing receivables 288    
Less allowance for losses on receivables 7 $ 10 $ 51
Financing receivables, net 281    
Operating lease equipment, at cost, less accumulated depreciation of $57 and $46 245 240    
Total 245 521    
Operating lease equipment, accumulated depreciation $ 57 $ 46    
v3.25.3
Financing Receivables and Operating Lease Equipment - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Financing Receivables and Operating Lease Equipment [Line Items]          
Sales-type and direct financing leases, payment to be received         $ 229
Sales-type and direct financing leases, unearned income         $ 26
Sales-type and direct financing leases, lease income $ 0 $ 18 $ 6 $ 39  
Operating lease, lease income $ 12 $ 13 $ 35 $ 45  
Minimum          
Financing Receivables and Operating Lease Equipment [Line Items]          
Lessee, finance lease, term of contract (in years) 1 year   1 year    
Maximum          
Financing Receivables and Operating Lease Equipment [Line Items]          
Lessee, finance lease, term of contract (in years) 4 years   4 years    
v3.25.3
Financing Receivables and Operating Lease Equipment - Schedule of Customer Financing Carrying Values Related to Major Aircraft Concentrations (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
B-777    
Financing Receivables and Operating Lease Equipment [Line Items]    
Gross customer financing $ 173 $ 183
B747-8    
Financing Receivables and Operating Lease Equipment [Line Items]    
Gross customer financing 92
B-737    
Financing Receivables and Operating Lease Equipment [Line Items]    
Gross customer financing 46 47
B-717    
Financing Receivables and Operating Lease Equipment [Line Items]    
Gross customer financing $ 196
v3.25.3
Investments - Schedule of Investments (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Investments [Abstract]          
Time deposits $ 15,590   $ 15,590   $ 11,960
Equity method investments 998   998   948
Available-for-sale debt investments 529   529   517
Equity and other investments 35   35   34
Restricted cash & cash equivalents 709 $ 21 709 $ 21 21
Total 17,861   17,861   $ 13,480
Dividends received 3 $ 4 13 $ 41  
Escrow deposit $ 689   $ 689    
v3.25.3
Investments - Narrative (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Net Investment Income [Line Items]    
Payments to acquire investments $ 36,337 $ 1,751
Proceeds from investments 32,674 4,546
Time Deposits    
Net Investment Income [Line Items]    
Payments to acquire investments 35,865 1,298
Proceeds from investments $ 32,235 $ 4,053
v3.25.3
Liabilities, Commitments and Contingencies - Narrative (Details)
$ in Millions
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
USD ($)
aircraft
lot
Sep. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
aircraft
Sep. 30, 2018
USD ($)
aircraft
Sep. 30, 2025
USD ($)
aircraft
lot
Sep. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
aircraft
Jun. 30, 2025
aircraft
Dec. 31, 2018
USD ($)
aircraft
simulator
Dec. 31, 2011
lot
tanker
aircraft
Commitments And Contingencies [Line Items]                    
Environmental loss contingency, operation and maintenance period, maximum         30 years          
Loss contingency, range of possible loss, portion not accrued $ 1,175       $ 1,175   $ 1,002      
Contingent liabilities on outstanding letters of credit agreements and surety bonds 2,864       2,864   2,991      
Supplier finance program, obligation 1,919       1,919   2,703      
Increase (decrease) in earnings from operations due to change in accounting estimate (206) $ (2,622)     (544) $ (4,322)        
Number of annual production lot | lot                   13
VC-25B                    
Commitments And Contingencies [Line Items]                    
Contract value $ 4,000       $ 4,000          
Number of commercial aircraft | aircraft 2       2          
Increase (decrease) in earnings from operations due to change in accounting estimate             (379)      
KC-46A Tanker                    
Commitments And Contingencies [Line Items]                    
Contract value $ 29,000       $ 29,000          
Increase (decrease) in earnings from operations due to change in accounting estimate         $ (149)   (2,002)      
Number of generation aerial refueling tanker | tanker                   4
Number of aircraft | aircraft 154       154         179
Number of low rate initial production lot | lot 11       11          
MQ-25                    
Commitments And Contingencies [Line Items]                    
Contract value       $ 890            
Increase (decrease) in earnings from operations due to change in accounting estimate       $ (291)     $ (339)      
Number of aircraft | aircraft       7            
Cost-type contract modification, awarded amount     $ 657              
Number of additional test aircraft | aircraft     2              
T-7A EMD                    
Commitments And Contingencies [Line Items]                    
Contract value                 $ 860  
Number of aircraft | aircraft             5 4 5  
Number of simulator | simulator                 7  
T-7A EMD and Production                    
Commitments And Contingencies [Line Items]                    
Increase (decrease) in earnings from operations due to change in accounting estimate             $ (1,770)      
T-7A Production                    
Commitments And Contingencies [Line Items]                    
Number of aircraft | aircraft               342    
Commercial Crew                    
Commitments And Contingencies [Line Items]                    
Increase (decrease) in earnings from operations due to change in accounting estimate             (523)      
Minimum | Supplier Finance Program, Majority of Amounts Payable                    
Commitments And Contingencies [Line Items]                    
Supplier finance program, payment timing, period 30 days       30 days          
Maximum | Supplier Finance Program, Majority of Amounts Payable                    
Commitments And Contingencies [Line Items]                    
Supplier finance program, payment timing, period 90 days       90 days          
Commercial Aircraft Commitments | Total Contractual Trade-In Commitment                    
Commitments And Contingencies [Line Items]                    
Other commitment $ 1,332       $ 1,332   1,393      
Commercial Aircraft Commitments | Net Amounts Payable to Customers Related to Probable Contractual Trade-In Commitments                    
Commitments And Contingencies [Line Items]                    
Other commitment 67       67   275      
Commercial Aircraft Commitments | Fair Value of Trade in Value of Aircraft                    
Commitments And Contingencies [Line Items]                    
Other commitment 63       63   270      
Financing Commitment                    
Commitments And Contingencies [Line Items]                    
Other commitment 15,460       15,460   $ 17,124      
Financing Commitment | External Credit Rating, Non Investment Grade                    
Commitments And Contingencies [Line Items]                    
Other commitment 12,131       12,131          
Joint Venture                    
Commitments And Contingencies [Line Items]                    
Other commitment $ 269       $ 269          
Other commitment, period 7 years       7 years          
2023                    
Commitments And Contingencies [Line Items]                    
Changes in estimates         $ 55          
Contingent on Customer Negotiations                    
Commitments And Contingencies [Line Items]                    
737 MAX customer concessions and other considerations liability $ 87       87          
Alaska Airlines 737-9 Accident and 737-9 Grounding                    
Commitments And Contingencies [Line Items]                    
Revenue from contract with customer, excluding assessed tax     $ 443              
Capitalized Precontract Costs | KC-46A Tanker                    
Commitments And Contingencies [Line Items]                    
Capitalized precontract costs 99       99          
Capitalized Precontract Costs | T-7A Production                    
Commitments And Contingencies [Line Items]                    
Capitalized precontract costs 333       333          
Capitalized Precontract Costs | Commercial Crew                    
Commitments And Contingencies [Line Items]                    
Capitalized precontract costs 407       407          
Potential Termination Liabilities | KC-46A Tanker                    
Commitments And Contingencies [Line Items]                    
Capitalized precontract costs 170       170          
Potential Termination Liabilities | T-7A Production                    
Commitments And Contingencies [Line Items]                    
Capitalized precontract costs 849       849          
Potential Termination Liabilities | Commercial Crew                    
Commitments And Contingencies [Line Items]                    
Capitalized precontract costs $ 141       $ 141          
v3.25.3
Liabilities, Commitments and Contingencies - Schedule of 737 Max Customer Concessions and Other Considerations Liability (Details) - B-737 - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Customer Concession And Other Consideration Liability [Roll Forward]    
Beginning balance – January 1 $ 641 $ 1,327
Reductions for payments made (135) (767)
Reductions for concessions and other in-kind considerations (66) (256)
Changes in estimates (5) 510
Ending balance – September 30 $ 435 $ 814
v3.25.3
Liabilities, Commitments and Contingencies - Schedule of Environmental Remediation Activity (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Environmental [Roll Forward]    
Beginning balance – January 1 $ 834 $ 844
Reductions for payments made, net of recoveries (53) (67)
Changes in estimates 127 98
Ending balance – September 30 $ 908 $ 875
v3.25.3
Liabilities, Commitments and Contingencies - Schedule of Product Warranty Activity (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Product Warranties [Roll Forward]    
Beginning balance – January 1 $ 2,133 $ 2,448
Additions for current year deliveries 136 67
Reductions for payments made (254) (297)
Changes in estimates 384 (27)
Ending balance – September 30 $ 2,399 $ 2,191
v3.25.3
Liabilities, Commitments and Contingencies - Schedule of Contractual Obligation, Fiscal Year Maturity (Details) - Financing Commitment - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Financing Commitments [Line Items]    
October through December 2025 $ 582  
2026 2,186  
2027 3,704  
2028 3,750  
2029 2,356  
Thereafter 2,882  
Total $ 15,460 $ 17,124
v3.25.3
Arrangements with Off-Balance Sheet Risk - Schedule of Guarantor Obligations (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Contingent repurchase commitments    
Guarantor Obligations [Line Items]    
Maximum Potential Payments $ 186 $ 295
Estimated Proceeds from Collateral/Recourse 186 295
Carrying Amount of  Liabilities
Credit guarantees    
Guarantor Obligations [Line Items]    
Maximum Potential Payments 15 15
Estimated Proceeds from Collateral/Recourse
Carrying Amount of  Liabilities $ 14 $ 14
v3.25.3
Arrangements with Off-Balance Sheet Risk - Narrative (Details) - Contingent repurchase commitments
Sep. 30, 2025
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
v3.25.3
Debt - Narrative (Details) - USD ($)
$ in Billions
 1 Months Ended 9 Months Ended
Aug. 31, 2025
Sep. 30, 2025
Debt Instrument [Line Items]    
Line of credit facility, expiration period   5 years
Three Hundred And Sixty Four Day Revolving Credit Facility - Expiring August 2026 | Line of Credit    
Debt Instrument [Line Items]    
Line of credit facility, maximum borrowing capacity $ 3.0  
Line of credit facility, expiration period 364 days  
Three Year Credit Facility - Termination August 2025 | Line of Credit    
Debt Instrument [Line Items]    
Line of credit facility, expiration period 3 years  
Three Year Credit Facility - Termination August 2025 | Line of Credit    
Debt Instrument [Line Items]    
Line of credit facility, maximum borrowing capacity $ 3.0  
Three Hundred And Sixty Four Day Revolving Credit Facility - Expiring August 2027 | Line of Credit    
Debt Instrument [Line Items]    
Line of credit facility, expiration period 364 days  
One Year Credit Facility - Expiring August 2027 | Line of Credit    
Debt Instrument [Line Items]    
Line of credit facility, term out period 1 year  
Five Year Credit Facility Expiring - August 2028 | Line of Credit    
Debt Instrument [Line Items]    
Line of credit facility, maximum borrowing capacity $ 3.0  
Line of credit facility, expiration period 5 years  
Five Year Credit Facility Expiring - May 2029 | Line of Credit    
Debt Instrument [Line Items]    
Line of credit facility, maximum borrowing capacity $ 4.0  
Line of credit facility, expiration period 5 years  
Revolving Credit Facility | Line of Credit    
Debt Instrument [Line Items]    
Line of credit facility, maximum borrowing capacity   $ 10.0
v3.25.3
Postretirement Plans - Components of Net Periodic Benefit Cost (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Pension        
Defined Benefit Plan Disclosure [Line Items]        
Service cost $ 3 $ 2 $ 7 $ 5
Interest cost 669 658 2,007 1,976
Expected return on plan assets (769) (827) (2,308) (2,483)
Amortization of prior service credits (18) (20) (55) (61)
Recognized net actuarial loss 76 66 229 200
Net periodic benefit income (39) (121) (120) (363)
Postretirement        
Defined Benefit Plan Disclosure [Line Items]        
Service cost 13 13 38 38
Interest cost 34 31 102 93
Expected return on plan assets (3) (2) (9) (8)
Amortization of prior service credits (1) (3) (1) (8)
Recognized net actuarial loss (35) (44) (106) (132)
Net periodic benefit income 8 (5) 24 (17)
Operating Income (Loss) | Pension        
Defined Benefit Plan Disclosure [Line Items]        
Net periodic benefit (income)/cost included in Earnings/(loss) from operations, Other income, net and Earnings/(loss) before income taxes 3 2 7 5
Operating Income (Loss) | Postretirement        
Defined Benefit Plan Disclosure [Line Items]        
Net periodic benefit (income)/cost included in Earnings/(loss) from operations, Other income, net and Earnings/(loss) before income taxes 13 12 38 35
Other Income | Pension        
Defined Benefit Plan Disclosure [Line Items]        
Net periodic benefit (income)/cost included in Earnings/(loss) from operations, Other income, net and Earnings/(loss) before income taxes (42) (123) (127) (368)
Other Income | Postretirement        
Defined Benefit Plan Disclosure [Line Items]        
Net periodic benefit (income)/cost included in Earnings/(loss) from operations, Other income, net and Earnings/(loss) before income taxes (5) (18) (14) (55)
Operating Income (Loss) Before Taxes | Pension        
Defined Benefit Plan Disclosure [Line Items]        
Net periodic benefit (income)/cost included in Earnings/(loss) from operations, Other income, net and Earnings/(loss) before income taxes (39) (121) (120) (363)
Operating Income (Loss) Before Taxes | Postretirement        
Defined Benefit Plan Disclosure [Line Items]        
Net periodic benefit (income)/cost included in Earnings/(loss) from operations, Other income, net and Earnings/(loss) before income taxes $ 8 $ (6) $ 24 $ (20)
v3.25.3
Share-Based Compensation and Other Compensation Arrangements (Details)
Feb. 19, 2025
$ / shares
shares
Stock options  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Grants in period, gross (in shares) | shares 366,869
Discount from market price, offering date 120.00%
Vested and expected to vest, exercisable, weighted average remaining contractual term 3 years
Expiration period 10 years
Grants in period, weighted average grant date fair value (in dollars per share) | $ / shares $ 79.53
Expected term 7 years
Expected volatility rate 39.00%
Risk free interest rate 4.50%
Expected dividend rate 0.00%
Restricted stock units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Granted (in shares) | shares 2,244,444
Granted in period, weighted average grant date fair value (in dollars per share) | $ / shares $ 184.53
v3.25.3
Shareholders' Equity - Narrative (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 9 Months Ended 12 Months Ended
Oct. 15, 2027
Oct. 31, 2024
Sep. 30, 2025
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Class of Stock [Line Items]            
Sale of stock, consideration received on transaction   $ 5,651        
Dividends paid on mandatory convertible preferred stock     $ 86 $ 244  
Dividends, preferred stock     $ 87      
Preferred stock, dividends per share, declared (in dollars per share)     $ 15.00      
Forecast            
Class of Stock [Line Items]            
Equity instrument, convertible, threshold consecutive trading days 20 days          
Equity instrument, convertible, threshold consecutive trading days trigger period 21 days          
Depositary Share            
Class of Stock [Line Items]            
Sale of stock, number of shares issued in transaction (in shares)   115,000,000        
Mandatory convertible preferred stock            
Class of Stock [Line Items]            
Preferred stock, shares, issued (in shares)   5,750,000 5,750,000 5,750,000   5,750,000
Preferred stock, dividend rate, percentage   6.00%   6.00%   6.00%
Preferred stock, liquidation preference per share (in dollars per share)   $ 1,000        
Preferred stock, par value (in dollars per share)   $ 1.00 $ 1.00 $ 1.00   $ 1.00
Mandatory convertible preferred stock | Forecast            
Class of Stock [Line Items]            
Conversion of stock, shares converted (in shares) 5.8280          
Mandatory convertible preferred stock | Minimum | Forecast            
Class of Stock [Line Items]            
Conversion of stock, shares converted (in shares) 5.8280          
Mandatory convertible preferred stock | Maximum | Forecast            
Class of Stock [Line Items]            
Conversion of stock, shares converted (in shares) 6.9940          
v3.25.3
Shareholders' Equity - Schedule of Conversion Rate Per Share of Mandatory Convertible Preferred Stock (Details)
 9 Months Ended
Sep. 30, 2025
$ / shares
shares
Scenario One | Mandatory convertible preferred stock  
Class of Stock [Line Items]  
Mandatory convertible preferred stock, convertible, conversion price, increase (in dollars per share) $ 171.5854
Conversion of stock, shares converted (in shares) | shares 5.8280
Scenario Two and Three  
Class of Stock [Line Items]  
Mandatory convertible preferred stock, convertible, conversion price, increase (in dollars per share) $ 1,000
Scenario Two and Three | Mandatory convertible preferred stock | Minimum  
Class of Stock [Line Items]  
Conversion of stock, shares converted (in shares) | shares 5.8280
Scenario Two and Three | Mandatory convertible preferred stock | Maximum  
Class of Stock [Line Items]  
Conversion of stock, shares converted (in shares) | shares 6.9940
Scenario Two | Mandatory convertible preferred stock  
Class of Stock [Line Items]  
Mandatory convertible preferred stock, convertible, conversion price, increase (in dollars per share) $ 171.5854
Scenario Three | Mandatory convertible preferred stock  
Class of Stock [Line Items]  
Mandatory convertible preferred stock, convertible, conversion price, increase (in dollars per share) 142.9797
Scenario Four | Mandatory convertible preferred stock  
Class of Stock [Line Items]  
Mandatory convertible preferred stock, convertible, conversion price, increase (in dollars per share) $ 142.9797
Conversion of stock, shares converted (in shares) | shares 6.9940
v3.25.3
Shareholders' Equity - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Beginning balance $ (3,296) $ (17,982) $ (3,914) $ (17,228)
Other comprehensive income/(loss) before reclassifications (26) 119 286 6
Amounts reclassified from AOCI 21 85 26
Net current period Other comprehensive (loss)/income (5) 119 371 32
Ending balance (8,253) (23,562) (8,253) (23,562)
Accumulated other comprehensive loss        
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Beginning balance (10,539) (10,392) (10,915) (10,305)
Ending balance (10,544) (10,273) (10,544) (10,273)
Currency Translation Adjustments        
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Beginning balance (70) (158) (178) (134)
Other comprehensive income/(loss) before reclassifications (1) 54 107 30
Amounts reclassified from AOCI
Net current period Other comprehensive (loss)/income (1) 54 107 30
Ending balance (71) (104) (71) (104)
Unrealized Gains and Losses on Certain Investments        
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Beginning balance 2 2 2 2
Other comprehensive income/(loss) before reclassifications 1 1
Amounts reclassified from AOCI
Net current period Other comprehensive (loss)/income 1 1
Ending balance 2 3 2 3
Unrealized Gains and Losses on Derivative Instruments        
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Beginning balance 23 (38) (211) 12
Other comprehensive income/(loss) before reclassifications (25) 63 181 (13)
Amounts reclassified from AOCI 4 32 26
Net current period Other comprehensive (loss)/income (21) 63 213 13
Ending balance 2 25 2 25
Defined Benefit Pension Plans & Other Postretirement Benefits        
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Beginning balance (10,494) (10,198) (10,528) (10,185)
Other comprehensive income/(loss) before reclassifications 1 (2) (12)
Amounts reclassified from AOCI 17 53
Net current period Other comprehensive (loss)/income 17 1 51 (12)
Ending balance $ (10,477) $ (10,197) $ (10,477) $ (10,197)
v3.25.3
Derivative Financial Instruments - Schedule of Derivative Instruments in Statement of Financial Position, Fair Value (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Derivative [Line Items]    
Derivative, notional amount $ 5,274 $ 5,759
Other assets 195 89
Accrued liabilities (78) (242)
Netting arrangement, other assets (38) (24)
Netting arrangement, accrued liabilities 38 24
Net recorded balance, other assets 157 65
Net recorded balance, accrued liabilities $ (40) $ (218)
Derivative asset, statement of financial position [Extensible Enumeration] Other current assets, net Other current assets, net
Derivative liability, statement of financial position [Extensible Enumeration] Accrued liabilities Accrued liabilities
Designated as Hedging Instrument | Foreign exchange contracts    
Derivative [Line Items]    
Derivative, notional amount $ 4,252 $ 5,139
Other assets 126 23
Accrued liabilities (66) (213)
Designated as Hedging Instrument | Commodity contracts    
Derivative [Line Items]    
Derivative, notional amount 469 388
Other assets 63 65
Accrued liabilities (1) (12)
Not Designated as Hedging Instrument | Foreign exchange contracts    
Derivative [Line Items]    
Derivative, notional amount 521 103
Other assets 6 1
Accrued liabilities (11) (17)
Not Designated as Hedging Instrument | Commodity contracts    
Derivative [Line Items]    
Derivative, notional amount 32 129
Other assets
Accrued liabilities
v3.25.3
Derivative Financial Instruments - Schedule of Derivative Instruments, Gains/(Losses) in Statement of Financial Performance (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Derivative [Line Items]        
Recognized in Other comprehensive income/(loss), net of tax $ (25) $ 63 $ 181 $ (13)
Foreign exchange contracts        
Derivative [Line Items]        
Recognized in Other comprehensive income/(loss), net of tax (35) 57 166 (18)
Commodity contracts        
Derivative [Line Items]        
Recognized in Other comprehensive income/(loss), net of tax $ 10 $ 6 $ 15 $ 5
v3.25.3
Derivative Financial Instruments - Reclassification Out of Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Costs and expenses        
Derivative [Line Items]        
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax $ (3) $ 6 $ (21) $ (6)
General and administrative expense        
Derivative [Line Items]        
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax 2 2 5 5
Costs and expenses        
Derivative [Line Items]        
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax (9) (7) (21) (19)
General and administrative expense        
Derivative [Line Items]        
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax $ 5 $ (4) $ (13)
v3.25.3
Derivative Financial Instruments - Narrative (Details)
$ in Millions
 9 Months Ended
Sep. 30, 2025
USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Cash flow hedge gain (loss) to be reclassified within 12 Months $ (11)
Line of credit facility, expiration period 5 years
Derivative, maturity 5 years
Derivative, net liability position, aggregate fair value $ 3
v3.25.3
Fair Value Measurements - Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt investments: $ 529 $ 517
Other equity investments 35 34
Derivatives 157 65
Derivatives (40) (218)
Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Money market funds 2,260 6,475
Other equity investments 10 9
Derivatives 157 65
Total assets 2,956 7,066
Derivatives (40) (218)
Total liabilities (40) (218)
Fair Value, Recurring | Commercial paper    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt investments: 165 165
Fair Value, Recurring | Corporate notes    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt investments: 337 335
Fair Value, Recurring | U.S. government agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt investments: 27 17
Fair Value, Recurring | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Money market funds 2,260 6,475
Other equity investments 10 9
Total assets 2,270 6,484
Fair Value, Recurring | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivatives 157 65
Total assets 686 582
Derivatives (40) (218)
Total liabilities (40) (218)
Fair Value, Recurring | Level 2 | Commercial paper    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt investments: 165 165
Fair Value, Recurring | Level 2 | Corporate notes    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt investments: 337 335
Fair Value, Recurring | Level 2 | U.S. government agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt investments: $ 27 $ 17
v3.25.3
Fair Value Measurements - Fair Value, Assets Measured on Nonrecurring Basis Using Unobservable Inputs (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Losses $ (32) $ (48)
Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value 3 15
Total Losses (32) (48)
Investments | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value
Total Losses (29) (30)
Other assets | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value 3
Total Losses (3) (3)
Property, plant and equipment | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value
Total Losses (10)
Operating lease equipment | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value 15
Total Losses $ (5)
v3.25.3
Fair Value Measurements - Fair Values and Related Carrying Values of Financial Instruments (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Notes receivable, net, carrying amount $ 1,114 $ 940
Notes receivable, net, fair value 1,117 953
Debt, excluding capital lease obligations, carrying amount (53,177) (53,625)
Debt, excluding capital lease obligations, fair value (53,286) (51,089)
Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Notes receivable, net, fair value 1,109 941
Debt, excluding capital lease obligations, fair value (53,286) (51,089)
Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Notes receivable, net, fair value $ 8 $ 12
v3.25.3
Legal Proceedings - Narrative (Details) - USD ($)
$ in Millions
 9 Months Ended
May 29, 2025
Sep. 30, 2025
Sep. 30, 2024
Legal Proceedings [Abstract]      
Loss contingency, settlement agreement, additional fine $ 244 $ 244 $ 244
Loss contingency, settlement agreement, minimum investment commitment $ 455    
Loss contingency, settlement agreement, investment commitment, period 3 years    
Loss contingency, settlement agreement, additional compensation fund $ 445 $ 445 $ 445
v3.25.3
Segment and Revenue Information - Narrative (Details)
$ in Millions
 3 Months Ended 9 Months Ended
May 29, 2025
USD ($)
Sep. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
Sep. 30, 2025
USD ($)
segment
Sep. 30, 2024
USD ($)
Segment Reporting Information [Line Items]          
Number of reportable segments | segment       3  
Income (loss) from equity method investments   $ 17 $ (3) $ 47 $ 87
Revenue, remaining performance obligation, amount   $ 635,688   635,688  
Loss contingency, settlement agreement, additional fine $ 244     $ 244 $ 244
Within Next Fiscal Year          
Segment Reporting Information [Line Items]          
Revenue, remaining performance obligation, percent recognized   17.00%   17.00%  
Within Next 4 Fiscal Years          
Segment Reporting Information [Line Items]          
Revenue, remaining performance obligation, percent recognized   61.00%   61.00%  
v3.25.3
Segment and Revenue Information - Reconciliation of Revenue from Segments to Consolidated (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Segment Reporting Information [Line Items]        
Total revenues $ 23,270 $ 17,840 $ 65,515 $ 51,275
Research and development expense, net 897 1,154 2,651 2,976
Loss from operations (4,781) (5,761) (4,496) (6,937)
Operating Segments        
Segment Reporting Information [Line Items]        
Loss from operations (4,301) (5,571) (3,138) (6,405)
Operating Segments | Commercial Airplanes        
Segment Reporting Information [Line Items]        
Total revenues 11,094 7,443 30,115 18,099
Research and development expense, net 565 779 1,657 1,852
Other segment items 15,882 10,685 34,905 22,126
Loss from operations (5,353) (4,021) (6,447) (5,879)
Operating Segments | Defense, Space & Security        
Segment Reporting Information [Line Items]        
Total revenues 6,902 5,536 19,817 18,507
Research and development expense, net 198 234 618 728
Other segment items 6,590 7,686 18,820 20,925
Loss from operations 114 (2,384) 379 (3,146)
Operating Segments | Global Services        
Segment Reporting Information [Line Items]        
Total revenues 5,370 4,901 15,714 14,835
Research and development expense, net 32 36 91 103
Other segment items 4,400 4,031 12,693 12,112
Loss from operations $ 938 $ 834 $ 2,930 $ 2,620
v3.25.3
Segment and Revenue Information - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Disaggregation of Revenue [Line Items]        
Total revenues $ 23,270 $ 17,840 $ 65,515 $ 51,275
Commercial Airplanes | Operating Segments        
Disaggregation of Revenue [Line Items]        
Total revenues 11,094 7,443 30,115 18,099
Commercial Airplanes | Operating Segments | Total revenues from contracts with customers        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax $ 11,029 $ 7,423 $ 30,003 $ 18,006
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 100.00% 99.00% 100.00% 99.00%
Commercial Airplanes | Operating Segments | United States        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax $ 3,182 $ 2,354 $ 12,326 $ 5,512
Commercial Airplanes | Operating Segments | Total non-U.S. revenues        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 7,847 5,069 17,672 12,937
Commercial Airplanes | Operating Segments | Europe        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 2,291 1,499 3,789 3,046
Commercial Airplanes | Operating Segments | Asia        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 3,509 2,635 8,888 7,028
Commercial Airplanes | Operating Segments | Middle East        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 1,266 444 3,026 1,618
Commercial Airplanes | Operating Segments | Other non-U.S.        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 781 491 1,969 1,245
Commercial Airplanes | Intersegment revenues eliminated on consolidation        
Disaggregation of Revenue [Line Items]        
Total revenues 65 20 112 93
Defense, Space & Security | Operating Segments        
Disaggregation of Revenue [Line Items]        
Total revenues $ 6,902 $ 5,536 $ 19,817 $ 18,507
Defense, Space & Security | Operating Segments | Revenue from the U.S. government        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax, percentage 91.00% 92.00% 91.00% 91.00%
Defense, Space & Security | Operating Segments | Revenue recognized on fixed-price contracts        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax, percentage 56.00% 49.00% 57.00% 53.00%
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% 100.00% 99.00%
Defense, Space & Security | Operating Segments | United States        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax $ 5,325 $ 4,361 $ 15,485 $ 14,324
Defense, Space & Security | Operating Segments | Total non-U.S. revenues        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 1,577 1,175 4,332 4,183
Global Services | Operating Segments        
Disaggregation of Revenue [Line Items]        
Total revenues 5,370 4,901 15,714 14,835
Global Services | Operating Segments | Commercial        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 3,088 2,882 9,055 8,782
Global Services | Operating Segments | Government        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax 2,169 1,935 6,337 5,764
Global Services | Operating Segments | Total revenues from contracts with customers        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax $ 5,257 $ 4,817 $ 15,392 $ 14,546
Global Services | Operating Segments | Revenue from the U.S. government        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax, percentage 30.00% 29.00% 30.00% 29.00%
Global Services | Operating Segments | Revenue recognized on fixed-price contracts        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax, percentage 85.00% 86.00% 86.00% 87.00%
Global Services | Operating Segments | Revenue recognized at a point in time        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax, percentage 53.00% 53.00% 53.00% 53.00%
Global Services | Intersegment revenues eliminated on consolidation        
Disaggregation of Revenue [Line Items]        
Total revenues $ 113 $ 84 $ 322 $ 289
B-737-Max | Customer Concessions | Commercial Airplanes | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer, excluding assessed tax $ 5 $ (443)
v3.25.3
Segment and Revenue Information - Schedule of Segment, Reconciliation of Other Items from Segments to Consolidated (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Segment Reporting Information [Line Items]        
Share-based plans     $ (343) $ (310)
Research and development expense, net $ (897) $ (1,154) (2,651) (2,976)
Unallocated items, eliminations and other        
Segment Reporting Information [Line Items]        
Share-based plans 11 65 (40) 118
Deferred compensation (70) (51) (150) (100)
Amortization of previously capitalized interest (22) (24) (64) (70)
Research and development expense, net (102) (105) (285) (293)
Eliminations and other unallocated items (565) (303) (1,606) (1,019)
Unallocated items, eliminations and other $ (748) $ (418) $ (2,145) $ (1,364)
v3.25.3
Segment and Revenue Information - Components of Financial Accounting Standards and Cost Accounting Standards Adjustment (Details) - Unallocated items, eliminations and other - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Segment Reporting, Asset Reconciling Item [Line Items]        
FAS/CAS service cost adjustment $ 268 $ 228 $ 787 $ 832
Pension Plans        
Segment Reporting, Asset Reconciling Item [Line Items]        
FAS/CAS service cost adjustment 198 148 588 608
Other Postretirement Plans        
Segment Reporting, Asset Reconciling Item [Line Items]        
FAS/CAS service cost adjustment $ 70 $ 80 $ 199 $ 224
v3.25.3
Segment and Revenue Information - Reconciliation of Assets from Segment to Consolidated (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Segment Reporting Information [Line Items]    
Assets $ 150,023 $ 156,363
Operating Segments | Commercial Airplanes    
Segment Reporting Information [Line Items]    
Assets 78,678 84,177
Operating Segments | Defense, Space & Security    
Segment Reporting Information [Line Items]    
Assets 16,371 15,350
Operating Segments | Global Services    
Segment Reporting Information [Line Items]    
Assets 17,338 16,704
Unallocated items, eliminations and other    
Segment Reporting Information [Line Items]    
Assets $ 37,636 $ 40,132
v3.25.3
Segment and Revenue Information - Schedule of Capital Expenditures by Segment (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Segment Reporting Information [Line Items]        
Capital expenditures $ 885 $ 611 $ 1,986 $ 1,582
Operating Segments | Commercial Airplanes        
Segment Reporting Information [Line Items]        
Capital expenditures 166 131 409 357
Operating Segments | Defense, Space & Security        
Segment Reporting Information [Line Items]        
Capital expenditures 93 60 206 195
Operating Segments | Global Services        
Segment Reporting Information [Line Items]        
Capital expenditures 53 40 122 111
Unallocated items, eliminations and other        
Segment Reporting Information [Line Items]        
Capital expenditures $ 573 $ 380 $ 1,249 $ 919
v3.25.3
Segment and Revenue Information - Schedule of Depreciation and Amortization Expense by Segment (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Segment Reporting Information [Line Items]        
Depreciation and amortization $ 491 $ 444 $ 1,417 $ 1,327
Operating Segments | Commercial Airplanes        
Segment Reporting Information [Line Items]        
Depreciation and amortization 111 88 323 283
Depreciation and amortization expense, business segment allocation 80 59 252 225
Operating Segments | Defense, Space & Security        
Segment Reporting Information [Line Items]        
Depreciation and amortization 56 57 159 153
Depreciation and amortization expense, business segment allocation 72 44 212 182
Operating Segments | Global Services        
Segment Reporting Information [Line Items]        
Depreciation and amortization 79 75 225 227
Depreciation and amortization expense, business segment allocation 21 15 60 53
Unallocated items, eliminations and other        
Segment Reporting Information [Line Items]        
Depreciation and amortization 245 224 710 664
Intersegment revenues eliminated on consolidation        
Segment Reporting Information [Line Items]        
Depreciation and amortization expense, business segment allocation $ 173 $ 118 $ 524 $ 460