BOEING CO, 10-Q filed on 4/23/2025
Quarterly Report
v3.25.1
Cover - shares
 3 Months Ended
Mar. 31, 2025
Apr. 16, 2025
Entity Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 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   754,005,474
Amendment Flag false  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q1  
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, $1.00 Par Value  
Trading Symbol BA-PRA  
Security Exchange Name NYSE  
v3.25.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Total revenues $ 19,496 $ 16,569
Total costs and expenses (17,079) (14,693)
Gross profit 2,417 1,876
Income from operating investments, net 3 67
General and administrative expense (1,112) (1,161)
Research and development expense, net (844) (868)
Loss on dispositions, net (3)
Earnings/(loss) from operations 461 (86)
Other income, net 323 277
Interest and debt expense (708) (569)
Earnings/(loss) before income taxes 76 (378)
Income tax (expense)/benefit (107) 23
Net loss (31) (355)
Less: net earnings/(loss) attributable to noncontrolling interest 6 (12)
Net loss attributable to Boeing shareholders (37) (343)
Less: Mandatory convertible preferred stock dividends accumulated during the period 86
Net loss attributable to Boeing common shareholders (123) (343)
Net loss attributable to Boeing common shareholders $ (123) $ (343)
Basic loss per share (in dollars per share) $ (0.16) $ (0.56)
Diluted loss per share (in dollars per share) $ (0.16) $ (0.56)
Sales of products    
Total revenues $ 16,147 $ 13,268
Cost of products and services (14,379) (12,064)
Sales of services    
Total revenues 3,349 3,301
Cost of products and services $ (2,700) $ (2,629)
v3.25.1
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Statement of Comprehensive Income [Abstract]    
Net loss $ (31) $ (355)
Other comprehensive loss, net of tax:    
Currency translation adjustments 46 (35)
Derivative instruments:    
Unrealized gains/(losses) arising during period, net of tax of ($20) and $19 68 (65)
Reclassification adjustment for losses included in net loss, net of tax of ($5) and ($2) 18 7
Total unrealized gain/(loss) on derivative instruments, net of tax 86 (58)
Defined benefit pension plans and other postretirement benefits:    
Net actuarial loss arising during the period, net of tax of $0 and $17 (19)
Amortization of actuarial losses included in net periodic benefit cost, net of tax of $3 and ($12) 43 11
Amortization of prior service credits included in net periodic benefit cost, net of tax of ($1) and $12 (20) (11)
Pension and postretirement cost related to our equity method investments, net of tax of $0 and ($3) 5
Total defined benefit pension plans and other postretirement benefits, net of tax 23 (14)
Other comprehensive income/(loss), net of tax 155 (107)
Comprehensive income/(loss) 124 (462)
Less: Comprehensive income/(loss) related to noncontrolling interest 6 (12)
Comprehensive income/(loss) attributable to Boeing Shareholders $ 118 $ (450)
v3.25.1
Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Statement of Comprehensive Income [Abstract]    
Unrealized (losses)/gains arising during period, tax $ (20) $ 19
Reclassification adjustment for losses included in net loss, tax (5) (2)
Net actuarial (losses)/gains arising during the period, tax 0 17
Amortization of actuarial losses/(gains) included in net periodic pension cost, tax 3 (12)
Amortization of prior service credits included in net periodic pension cost, tax (1) 12
Pension and postretirement cost related to our equity method investments, tax $ 0 $ (3)
v3.25.1
Condensed Consolidated Statements of Financial Position - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 10,142 $ 13,801
Short-term and other investments 13,532 12,481
Accounts receivable, net 3,204 2,631
Unbilled receivables, net 9,031 8,363
Current portion of financing receivables, net 202 207
Inventories 89,077 87,550
Other current assets, net 2,474 2,965
Total current assets 127,662 127,998
Financing receivables and operating lease equipment, net 308 314
Property, plant and equipment, net of accumulated depreciation of $23,193 and $22,925 11,459 11,412
Goodwill 8,091 8,084
Acquired intangible assets, net 1,904 1,957
Deferred income taxes 137 185
Investments 1,001 999
Other assets, net of accumulated amortization of $1,160 and $1,085 5,932 5,414
Total assets 156,494 156,363
Liabilities and equity    
Accounts payable 11,034 11,364
Accrued liabilities 23,576 24,103
Advances and progress billings 61,114 60,333
Short-term debt and current portion of long-term debt 7,930 1,278
Total current liabilities 103,654 97,078
Deferred income taxes 162 122
Accrued retiree health care 2,146 2,176
Accrued pension plan liability, net 5,909 5,997
Other long-term liabilities 2,260 2,318
Long-term debt 45,688 52,586
Total liabilities 159,819 160,277
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 19,008 18,964
Treasury stock, at cost – 258,889,678 and 263,044,840 shares (31,879) (32,386)
Retained earnings 15,239 15,362
Accumulated other comprehensive loss (10,760) (10,915)
Total shareholders’ deficit (3,325) (3,908)
Noncontrolling interests (6)
Total equity (3,325) (3,914)
Total liabilities and equity 156,494 156,363
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
v3.25.1
Condensed Consolidated Statements of Financial Position (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Property, plant and equipment, net of accumulated depreciation $ 23,193 $ 22,925
Other assets, net of accumulated amortization $ 1,160 $ 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) 258,889,678 263,044,840
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
v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows – operating activities:    
Net (loss)/earnings $ (31) $ (355)
Non-cash items –     
Share-based plans expense 135 119
Treasury shares issued for 401(k) contribution 418 606
Depreciation and amortization 466 442
Investment/asset impairment charges, net 7 21
Loss on dispositions, net 3
Other charges and credits, net 99 10
Changes in assets and liabilities –     
Accounts receivable (570) (328)
Unbilled receivables (671) (1,357)
Advances and progress billings 781 2,718
Inventories (1,521) (3,778)
Other current assets (29) (249)
Accounts payable (95) (264)
Accrued liabilities (386) (666)
Income taxes receivable, payable and deferred 26 (59)
Other long-term liabilities (151) (83)
Pension and other postretirement plans (150) (261)
Financing receivables and operating lease equipment, net 12 79
Other 41 43
Net cash used by operating activities (1,616) (3,362)
Cash flows – investing activities:    
Payments to acquire property, plant and equipment (674) (567)
Proceeds from disposals of property, plant and equipment 3 11
Contributions to investments (8,797) (243)
Proceeds from investments 7,750 2,907
Other 1 (34)
Net cash (used)/provided by investing activities (1,717) 2,074
Cash flows – financing activities:    
New borrowings 29 27
Debt repayments (295) (4,442)
Employee taxes on certain share-based payment arrangements (14) (65)
Dividends paid on mandatory convertible preferred stock (72)
Other 14 18
Net cash used by financing activities (338) (4,462)
Effect of exchange rate changes on cash and cash equivalents 12 (28)
Net decrease in cash & cash equivalents, including restricted (3,659) (5,778)
Cash & cash equivalents, including restricted, at beginning of year 13,822 12,713
Cash & cash equivalents, including restricted, at end of period 10,163 6,935
Less restricted cash & cash equivalents, included in Investments 21 21
Cash and cash equivalents at end of period $ 10,142 $ 6,914
v3.25.1
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 (355)         (343)   (12)
Other comprehensive income (loss), net of tax (107)           (107)  
Share-based compensation 119     119        
Treasury shares issued for other share-based plans, net (51)     (116) 65      
Treasury shares issued for 401(k) contribution 606     227 379      
Ending balance at Mar. 31, 2024 (17,016) 5,061 10,539 (49,105) 26,908 (10,412) (7)
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 (31)         (37)   6
Other comprehensive income (loss), net of tax 155           155  
Share-based compensation 135     135        
Treasury shares issued for other share-based plans, net (2)     (214) 212      
Treasury shares issued for 401(k) contribution 418     123 295      
Cash dividends declared on Mandatory convertible preferred stock (86)         (86)    
Ending balance at Mar. 31, 2025 $ (3,325) $ 6 $ 5,061 $ 19,008 $ (31,879) $ 15,239 $ (10,760)
v3.25.1
Condensed Consolidated Statements of Equity (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Statement of Stockholders' Equity [Abstract]    
Other comprehensive income (loss), tax $ 23 $ (31)
v3.25.1
Summary of Business Segment Data
 3 Months Ended
Mar. 31, 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)Three months ended March 31
20252024
Revenues:
Commercial Airplanes$8,147 $4,653 
Defense, Space & Security6,298 6,950 
Global Services5,063 5,045 
Unallocated items, eliminations and other(12)(79)
Total revenues$19,496 $16,569 
Earnings/(loss) from operations:
Commercial Airplanes($537)($1,143)
Defense, Space & Security155 151 
Global Services943 916 
Segment operating earnings/(loss)561 (76)
Unallocated items, eliminations and other(362)(312)
FAS/CAS service cost adjustment262 302 
Earnings/(loss) from operations461 (86)
Other income, net323 277 
Interest and debt expense(708)(569)
Earnings/(loss) before income taxes76 (378)
Income tax (expense)/benefit(107)23 
Net loss(31)(355)
Less: net earnings/(loss) attributable to noncontrolling interest6 (12)
Net loss attributable to Boeing shareholders(37)(343)
Less: Mandatory convertible preferred stock dividends accumulated during the period86  
Net loss attributable to Boeing common shareholders($123)($343)
This information is an integral part of the Notes to the Condensed Consolidated Financial Statements. See Note 18 for further segment results.
v3.25.1
Basis of Presentation
 3 Months Ended
Mar. 31, 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 March 31, 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
Our Military Aircraft reporting unit within our Defense, Space & Security (BDS) segment had goodwill of $1,295 and a negative carrying value at March 31, 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 Earnings/(loss) from operations from changes in estimated losses on unexercised options.
(In millions - except per share amounts)Three months ended March 31
20252024
Decrease to Revenue($140)($218)
Increase to Loss from operations
($151)($366)
Increase to Diluted loss per share
($0.22)($0.56)
v3.25.1
Spirit Acquisition
 3 Months Ended
Mar. 31, 2025
Business Combination, Asset Acquisition, 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 at an equity value of approximately $4,700, or $37.25 per share of Spirit Class A Common Stock. The transaction will include the assumption of Spirit's net debt at closing.
Each share of Spirit common stock will be exchanged for a number of shares of Boeing common stock equal to an exchange ratio between 0.18 and 0.25, calculated as $37.25 divided by the volume weighted average share price of Boeing shares over the 15-trading-day period ending on the second trading day prior to the closing (subject to a floor of $149.00 per share and a ceiling of $206.94 per share). Spirit stockholders will receive 0.25 Boeing shares for each of their Spirit shares if the volume-weighted average price is at or below $149.00, and 0.18 Boeing shares for each of their Spirit shares if the volume-weighted average price is at or above $206.94 per share.
Boeing's acquisition of Spirit will include substantially all Boeing-related commercial operations, as well as certain other operations.
Spirit has also entered into a binding term sheet with Airbus SE (Airbus) setting forth the terms upon which Airbus will, assuming the parties enter into definitive agreements and receive all required regulatory approvals, acquire certain commercial work packages that Spirit performs for Airbus concurrently with the closing of the Boeing-Spirit merger. In addition, Spirit is selling certain of its other operations.
The transaction is expected to close mid-2025 and is subject to the sale of the Spirit operations related to certain Airbus commercial work packages and the satisfaction of customary closing conditions, including certain regulatory approvals. On January 31, 2025, Spirit's stockholders approved the Merger Agreement and the related transactions.
The Merger Agreement contains certain termination rights, including that either Boeing or Spirit may terminate the Merger Agreement if, subject to certain limitations, the transaction has not been consummated by March 31, 2025 (subject to three automatic three-month extensions if on each such date 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 first automatic extension is now in effect. Accordingly, the Outside Date is currently June 30, 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 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.
During 2023 and 2024, Boeing reached agreements to provide Spirit up to $1,067 to support its liquidity, rate readiness, and 787 tooling and capital expenditures, of which $166 has yet to be drawn. At March 31, 2025 and December 31, 2024, Other current assets included $24 and $539 and Other assets included $784 and $299. At March 31, 2025 and December 31, 2024, advance payments to Spirit of $162 and $165 were included in Inventories and are scheduled to be recovered as the related shipsets are received by Boeing from Spirit.
On January 22, 2025, Boeing and Spirit reached an agreement to reschedule repayment dates for $515 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.
v3.25.1
Earnings Per Share
 3 Months Ended
Mar. 31, 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)Three months ended March 31
20252024
Net loss attributable to Boeing shareholders($37)($343)
Less: Mandatory convertible preferred stock dividends accumulated during the period
86 
Less: earnings available to participating securities
Net loss available to common shareholders
($123)($343)
Basic
Basic weighted average shares outstanding
753.6 613.2 
Less: participating securities(1)
0.2 0.3 
Basic weighted average common shares outstanding
753.4 612.9 
Diluted
Diluted weighted average shares outstanding
753.6 613.2 
Less: participating securities(1)
0.2 0.3 
Diluted weighted average common shares outstanding
753.4 612.9 
Net loss per share:
Basic
($0.16)($0.56)
Diluted
(0.16)(0.56)
(1)Participating securities include certain instruments in our deferred compensation plan.
The following table represents potential common shares that were not included in the computation of Diluted loss per share because the effect was antidilutive based on their strike price or the performance condition was not met.
(Shares in millions)Three months ended March 31
20252024
Performance restricted stock units0.6 0.5 
Restricted stock units0.5 
Stock options0.9 0.8 
In addition, potential common shares of 37.1 million and 3.1 million for the three months ended March 31, 2025 and 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.
v3.25.1
Income Taxes
 3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Our effective tax rates were 140.8% and 6.1% for the three months ended March 31, 2025 and 2024. The effective tax rate for the three months ended March 31, 2025, primarily reflects an increase in the domestic income tax valuation allowance treated as a discrete expense.
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 2010-2023 tax years. We believe appropriate provisions for all outstanding tax issues have been made for all jurisdictions and all open years.
v3.25.1
Allowances for Losses on Financial Assets
 3 Months Ended
Mar. 31, 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 three months ended March 31, 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(16)(1)(1)15 (10)(13)
Write-offs2 9 11 
Recoveries1 1 
Balance at March 31, 2024
($102)($20)($42)($36)($132)($332)
Balance at January 1, 2025($92)($38)($47)($7)($199)($383)
Changes in estimates1 (3)1 3 (38)(36)
Write-offs3 3 
Recoveries1 1 
Balance at March 31, 2025
($87)($41)($46)($4)($237)($415)
v3.25.1
Inventories
 3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories consisted of the following:
March 31
2025		December 31
2024
Commercial aircraft programs$76,402 $75,192 
Long-term contracts in progress652 752 
Capitalized precontract costs(1)
1,196 1,176 
Commercial spare parts, used aircraft, general stock materials and other
10,827 10,430 
Total$89,077 $87,550 
(1)Capitalized precontract costs at March 31, 2025 and December 31, 2024, included amounts related to Commercial Crew, T-7A Red Hawk Production Options and KC-46A Tanker. See Note 10.
Commercial Aircraft Programs
At March 31, 2025 and December 31, 2024, commercial aircraft programs inventory included the following amounts related to the 737 program: deferred production costs of $10,748 and $9,679 and unamortized tooling and other non-recurring costs of $891 and $909. At March 31, 2025, $11,587 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 $52 is expected to be recovered from units included in the program accounting quantity that represent expected future orders.
At March 31, 2025 and December 31, 2024, commercial aircraft programs inventory included the following amounts related to the 777X program: $4,145 and $3,476 of work in process (including deferred production costs of $360 and $0) and $4,209 and $4,122 of unamortized tooling and other non-recurring costs.
At March 31, 2025 and December 31, 2024, commercial aircraft programs inventory included the following amounts related to the 787 program: deferred production costs of $13,452 and $13,178, supplier advances of $1,550 and $1,379, and unamortized tooling and other non-recurring costs of $1,361 and $1,370. At March 31, 2025, $11,902 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 $2,911 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 $80 during the three months ended March 31, 2025 and 2024.
Commercial aircraft programs inventory included amounts credited in cash or other consideration (early issue sales consideration) to airline customers totaling $5,953 and $5,837 at March 31, 2025 and December 31, 2024.
v3.25.1
Contracts with Customers
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Contracts with Customers Contracts with Customers
Unbilled receivables increased from $8,363 at December 31, 2024, to $9,031 at March 31, 2025, primarily driven by revenue recognized in excess of billings at BDS.
Advances and progress billings increased from $60,333 at December 31, 2024, to $61,114 at March 31, 2025, primarily driven by advances on orders received at Commercial Airplanes (BCA) and BGS, partially offset by revenue recognized at BDS.
Revenues recognized during the three months ended March 31, 2025 and 2024, from amounts recorded as Advances and progress billings at the beginning of each year were $5,488 and $4,181.
v3.25.1
Financing Receivables and Operating Lease Equipment
 3 Months Ended
Mar. 31, 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:
March 31
2025		December 31
2024
Financing receivables:
Investment in sales-type leases$195 $203 
Notes82 85 
Total financing receivables
277 288 
Less allowance for losses on receivables4 7 
Financing receivables, net273 281 
Operating lease equipment, at cost, less accumulated depreciation of $49 and $46
237 240 
Total$510 $521 
Our financing arrangements range in terms from 1 to 7 years, and include $191 of Investment in sales-type leases, net of allowances, that will be repaid in one year or less. Financing arrangements may include options to extend or terminate. Certain leases include provisions to allow the lessee to purchase the underlying aircraft at a specified price. At March 31, 2025 and December 31, 2024, $4 and $7 were determined to be uncollectible financing receivables and placed on non-accrual status. The allowance for losses on financing receivables decreased primarily due to cash collections during the three months ended March 31, 2025.
The components of investment in sales-type leases consisted of the following:
March 31
2025		December 31
2024
Gross lease payments receivable$216 $229 
Unearned income(21)(26)
Net lease payments receivable195 203 
Unguaranteed residual assets  
Total$195 $203 
Financing interest income recorded for the three months ended March 31, 2025 and 2024, was $2 and $2.
Our financing receivable balances at March 31, 2025 by internal credit rating category and year of origination consisted of the following:
Rating categories202320222021PriorTotal
BBB$31 $27 $121 $13 $192 
B82 82 
CCC3 3 
Total carrying value of financing receivables$31 $27 $124 $95 $277 
At March 31, 2025, our allowance for losses related to receivables with ratings of CCC, B and BBB. We applied default rates that averaged 100.0%, 0.0% and 0.1%, respectively, to the exposure associated with those receivables.
The majority of our financing receivables and operating lease equipment portfolio is concentrated in the following aircraft models:
March 31
2025		December 31
2024
717 Aircraft (Accounted for as sales-type leases)
$192 $196 
777 Aircraft (Accounted for as operating leases)
179 183 
747-8 Aircraft (Primarily accounted for as notes)
86 92 
737 Aircraft (Primarily accounted for as operating leases)47 47 
Lease income recorded in Sales of services on the Condensed Consolidated Statements of Operations for the three months ended March 31, 2025 and 2024, included $5 and $10 of interest income from sales-type leases and $12 and $18 from operating lease payments.
Variable lease payments for sales-type leases recognized in interest income for the three months ended March 31, 2025 and 2024, were insignificant. Variable lease payments on operating leases for the three and three months ended March 31, 2025 and 2024, were insignificant.
Profit at the commencement of sales-type leases for the three months ended March 31, 2025 and 2024, was insignificant.
v3.25.1
Investments
 3 Months Ended
Mar. 31, 2025
Investments [Abstract]  
Investments Investments
Our investments, which are recorded in Short-term and other investments or Investments, consisted of the following:
March 31
2025		December 31
2024
Time deposits (1)
$13,009 $11,960 
Equity method investments (2)
950 948 
Available-for-sale debt investments (1)
518 517 
Equity and other investments35 34 
Restricted cash & cash equivalents (1)(3)
21 21 
Total$14,533 $13,480 
(1)Primarily included in Short-term and other investments on our Condensed Consolidated Statements of Financial Position.
(2)Dividends received were $2 and $20 during the three months ended March 31, 2025 and 2024.
(3)Reflects amounts restricted in support of our workers’ compensation programs and insurance premiums.
Contributions to investments and Proceeds from investments on our Condensed Consolidated Statements of Cash Flows primarily relate to time deposits and available-for-sale debt investments. Cash used for the purchase of time deposits during the three months ended March 31, 2025 and 2024, was $8,635 and $90. Cash proceeds from the maturities of time deposits during the three months ended March 31, 2025 and 2024, were $7,585 and $2,740.
Allowance for losses on available-for-sale debt investments are assessed quarterly. These instruments are considered investment grade, and we have not recognized an allowance for credit losses as of March 31, 2025.
v3.25.1
Liabilities, Commitments and Contingencies
 3 Months Ended
Mar. 31, 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 three months ended March 31, 2025 and 2024.
20252024
Beginning balance – January 1$641 $1,327 
Reductions for payments made(38)(553)
Reductions for concessions and other in-kind considerations(35) 
Changes in estimates 510 
Ending balance – March 31$568 $1,284 
At March 31, 2025, $92 of the liability balance remains subject to negotiations with customers. The contracted amount includes $109 expected to be paid in cash primarily 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 three months ended March 31, 2025 and 2024.
20252024
Beginning balance – January 1$834 $844 
Reductions for payments made, net of recoveries(13)(14)
Changes in estimates34 7 
Ending balance – March 31$855 $837 
The liabilities recorded represent our best estimate or the low end of a range of reasonably possible costs expected to be incurred to remediate sites, including operation and maintenance over periods of up to 30 years. It is reasonably possible that we may incur costs that exceed these recorded amounts because of regulatory agency orders and directives, changes in laws and/or regulations, higher than expected costs and/or the discovery of new or additional contamination. As part of our estimating process, we develop a range of reasonably possible alternate scenarios that includes the high end of a range of reasonably possible cost estimates for all remediation sites for which we have sufficient information based on our experience and existing laws and regulations. There are some potential remediation obligations where the costs of remediation cannot be reasonably estimated. At March 31, 2025 and December 31, 2024, the high end of the estimated range of reasonably possible remediation costs exceeded our recorded liabilities by $996 and $1,002.
Product Warranties
The following table summarizes changes in product warranty liabilities recorded during the three months ended March 31, 2025 and 2024.
20252024
Beginning balance – January 1$2,133 $2,448 
Additions for current year deliveries34 22 
Reductions for payments made(84)(75)
Changes in estimates240  
Ending balance – March 31$2,323 $2,395 
Commercial Aircraft Trade-In Commitments
In conjunction with signing definitive agreements for the sale of new aircraft, we have entered into trade-in commitments with certain customers that give them the right to trade in used aircraft at a specified price. The probability that trade-in commitments will be exercised is determined by using both quantitative information from valuation sources and qualitative information from other sources. The probability of exercise is assessed quarterly, or as events trigger a change, and takes into consideration the current economic and airline industry environments. Trade-in commitments, which can be terminated by mutual consent with the customer, may be exercised only during the period specified in the agreement, and require advance notice by the customer.
Trade-in commitment agreements at March 31, 2025, have expiration dates from 2025 through 2032. At March 31, 2025, and December 31, 2024, total contractual trade-in commitments were $1,512 and $1,393. As of March 31, 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 $71 and $275 and the fair value of the related trade-in aircraft was $67 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 $17,157 and $17,124 as of March 31, 2025 and December 31, 2024. The estimated earliest potential funding dates for these commitments as of March 31, 2025 are as follows:

Total
April through December 2025
$2,727 
20262,223 
20274,690 
20282,944 
20291,779 
Thereafter2,794 
Total
$17,157 
As of March 31, 2025, $13,832 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 $277 to certain joint ventures over the next eight years.
Standby Letters of Credit and Surety Bonds
We have entered into standby letters of credit and surety bonds with financial institutions primarily relating to the guarantee of our future performance on certain contracts and security agreements. Contingent liabilities on outstanding letters of credit agreements and surety bonds aggregated approximately $3,036 and $2,991 as of March 31, 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 but may extend up to 12 months. At March 31, 2025 and December 31, 2024, Accounts payable included $2,107 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. In March 2025, the U.S. Air Force (USAF) announced that Boeing has been awarded a contract to design, build and deliver the F-47, its next-generation fighter aircraft. We are making certain capital expenditures that have risk for impairment pending completion of the source selection and evaluation review process for the next-generation fighter aircraft. Total capital investment was approximately $500 at March 31, 2025.
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 USAF's 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 March 31, 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. As of March 31, 2025, we had approximately $107 of capitalized precontract costs and $183 of potential termination liabilities to suppliers related to future production lots. Risk remains that we may record additional losses in future periods.
MQ-25
In the third quarter of 2018, we were awarded the MQ-25 EMD contract by the U.S. Navy. The contract is a fixed-price contract that now includes development and delivery of seven aircraft and test articles at a contract price of $890. In connection with winning the competition, we recognized a reach-forward loss of $291 in the third quarter of 2018. 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 and begin flight testing. During the first quarter of 2025, we initiated final assembly operations at our new facility at Mid-America St. Louis Airport in Mascoutah, Illinois. Risk remains that we may record additional losses in future periods.
T-7A Red Hawk EMD Contract & Production Options
In 2018, we were awarded the T-7A Red Hawk program. The EMD portion of the contract is a $860 fixed-price contract and includes five aircraft and seven simulators. The production portion of the contract includes production lots for 346 T-7A Red Hawk aircraft and related services that we believe are probable of being exercised. 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. During 2024, we increased the reach-forward loss on the T-7A Red Hawk program by $1,770. At March 31, 2025, we had approximately $361 of capitalized precontract costs and $783 of potential termination liabilities to suppliers related to certain long-lead items for the first 4 production lots. Risk remains that we may record additional losses in future periods.
Commercial Crew
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 (ISS). 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 March 31, 2025, we had approximately $401 of capitalized precontract costs and $147 of potential termination liabilities to suppliers related to unauthorized future missions. Risk remains that we may record additional losses in future periods.
v3.25.1
Arrangements with Off-Balance Sheet Risk
 3 Months Ended
Mar. 31, 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
March 31
2025		December 31
2024		March 31
2025		December 31
2024		March 31
2025		December 31
2024
Contingent repurchase commitments
$249 $295 $249 $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 10.
v3.25.1
Postretirement Plans
 3 Months Ended
Mar. 31, 2025
Retirement Benefits [Abstract]  
Postretirement Plans Postretirement Plans
The components of net periodic benefit cost/(income) for the three months ended March 31 were as follows:
PensionPostretirement
2025202420252024
Service cost$1 $2 $13 $12 
Interest cost669 659 34 31 
Expected return on plan assets(769)(829)(3)(2)
Amortization of prior service credits(19)(20) (3)
Recognized net actuarial loss/(gain)76 67 (36)(44)
Net periodic benefit (income)/cost($42)($121)$8 ($6)
Net periodic benefit cost included in Earnings/(loss) from operations$1 $2 $13 $11 
Net periodic benefit income included in Other income, net(43)(123)(5)(18)
Net periodic benefit income included in Earnings/(loss) before income taxes
($42)($121)$8 ($7)
v3.25.1
Share-Based Compensation and Other Compensation Arrangements
 3 Months Ended
Mar. 31, 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 7.0 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.
v3.25.1
Shareholders' Equity
 3 Months Ended
Mar. 31, 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. On January 15, 2025, dividends of $72, representing $12.50 per share, were paid in cash to holders of record as of January 1, 2025. In February 2025, dividends of $86 were declared to holders of record as of April 1, 2025, representing $15.00 per share, and were paid in cash on April 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 three months ended March 31, 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 loss before reclassifications
(35)(65)(14)(114)
Amounts reclassified from AOCI
7  
(2)
7 
Net current period Other comprehensive loss
(35)(58)(14)(107)
Balance at March 31, 2024($169)$2 ($46)($10,199)($10,412)
Balance at January 1, 2025($178)$2 ($211)($10,528)($10,915)
Other comprehensive income before reclassifications
46 68 114 
Amounts reclassified from AOCI
18 23 
(2)
41 
Net current period Other comprehensive income
46 86 23 155 
Balance at March 31, 2025($132)$2 ($125)($10,505)($10,760)
(1)     Net of tax.
(2)    Primarily relates to the amortization of prior service credits and actuarial losses included in net periodic benefit cost for the three months ended March 31, 2025 and 2024 totaling $23 and $0 (net of tax of $2 and $0).
v3.25.1
Derivative Financial Instruments
 3 Months Ended
Mar. 31, 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 2028.
Derivative Instruments Not Receiving Hedge Accounting Treatment
We have entered into agreements to purchase and sell aluminum to address long-term strategic sourcing objectives and non-U.S. business requirements. These agreements are derivative instruments for accounting purposes. The quantities of aluminum in these agreements offset and are priced at prevailing market prices. We also hold certain foreign currency forward contracts and commodity swaps which do not qualify for hedge accounting treatment.
Notional Amounts and Fair Values
The notional amounts and fair values of derivative instruments in the Condensed Consolidated Statements of Financial Position were as follows:
Notional amounts (1)
Other assetsAccrued liabilities
March 31
2025		December 31
2024		March 31
2025		December 31
2024		March 31
2025		December 31
2024
Derivatives designated as hedging instruments:
Foreign exchange contracts$5,123 $5,139 $51 $23 ($129)($213)
Commodity contracts361 388 61 65 (12)(12)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts121 103 1 1 (12)(17)
Commodity contracts104 129  
Total derivatives$5,709 $5,759 $113 $89 ($153)($242)
Netting arrangements(33)(24)33 24 
Net recorded balance$80 $65 ($120)($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) are presented in the following table:
Three months ended March 31

20252024
Recognized in Other comprehensive income/(loss), net of taxes:
Foreign exchange contracts$67 ($57)
Commodity contracts1 (8)
(Losses)/gains associated with our hedging transactions and forward points reclassified from AOCI to earnings are presented in the following table:
Three months ended March 31
20252024
Foreign exchange contracts
Costs and expenses($4)($7)
General and administrative expense(10)(4)
Commodity contracts
Costs and expenses($11)
General and administrative expense2 $2 
Gains/(losses) related to undesignated derivatives on foreign exchange and commodity cash flow hedging transactions recognized in Other income, net were insignificant for the three months ended March 31, 2025 and 2024.
Based on our portfolio of cash flow hedges, we expect to reclassify losses of $50 (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 March 31, 2025 was $14. For other particular commodity contracts, our counterparties could require collateral posted in an amount determined by our credit ratings. At March 31, 2025, there was no collateral posted related to our derivatives.
v3.25.1
Fair Value Measurements
 3 Months Ended
Mar. 31, 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.

March 31, 2025December 31, 2024
TotalLevel 1Level 2TotalLevel 1Level 2
Assets
Money market funds$5,182 $5,182 $6,475 $6,475 
Available-for-sale debt investments:
Commercial paper163 $163 165 $165 
Corporate notes338 338 335 335 
U.S. government agencies17 1717 17 
Other equity investments10 10 9 9 
Derivatives80 80 65 65 
Total assets$5,790 $5,192 $598 $7,066 $6,484 $582 
Liabilities
Derivatives($120)($120)($218)($218)
Total liabilities($120) ($120)($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 three months ended March 31 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 ($5) ($4)
Other assets$5 (2) (3)
Property, plant and equipment $18 (9)
Operating lease equipment
 15 (5)
Total$5 ($7)$33 ($21)
Level 3 Investments and Other assets were primarily valued using an income approach based on the discounted cash flows associated with the underlying assets. Level 2 Property, plant and equipment were valued based on a third-party valuation using a combination of income and market approaches and adjusted for as-is condition. These approaches are considered estimates of net operating income, capitalization rates, and/or comparable property sales. Level 3 operating lease equipment is derived by calculating a median collateral value from a consistent group of third-party aircraft value publications. The values provided by the third-party aircraft publications are derived from their knowledge of market trades and other market factors. Management reviews the publications quarterly to assess the continued appropriateness and consistency with market trends. Under certain circumstances, we adjust values based on the attributes and condition of the specific aircraft or equipment, usually when the features or use of the aircraft vary significantly from the more generic aircraft attributes covered by third-party publications, or on the expected net sales price for the aircraft.
Fair Value Disclosures
The fair values and related carrying values of financial instruments that are not required to be remeasured at fair value on the Condensed Consolidated Statements of Financial Position were as follows:

March 31, 2025
Carrying
Amount		Total Fair
Value		Level 1Level 2Level 3
Assets
Notes receivable, net$881 $923 $910 $13 
Liabilities
Debt, excluding finance lease obligations (53,394)(51,758)(51,758)
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 March 31, 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).
v3.25.1
Legal Proceedings
 3 Months Ended
Mar. 31, 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 federal securities class action filed in federal district court in the Northern District of Illinois, and a number of civil lawsuits and claims brought by family members of those lost in the accidents. 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 July 24, 2024, we and the Department filed a proposed plea agreement with the U.S. District Court for the Northern District of Texas (the Court) to resolve the Investigation. Under the terms of the proposed agreement, Boeing agreed that it would plead guilty to the charge that was the basis for the DPA; pay an additional fine of $244; commit to invest at least $455 in compliance, quality and safety programs over a three-year period; and agree to the appointment of an independent compliance monitor for three years. On December 5, 2024, the Court rejected the proposed plea agreement, citing the proposed agreement’s provisions governing the monitor’s selection and supervision. In light of the Court’s ruling, Boeing and the Department continue to be engaged in discussions regarding potential resolution of this matter, which is now scheduled to go to trial on June 23, 2025.
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.
v3.25.1
Segment and Revenue Information
 3 Months Ended
Mar. 31, 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 6 for the Summary of Business Segment Data, which is an integral part of this note.
BCA develops, produces and markets commercial jet aircraft principally to the commercial airline industry worldwide. Revenue on commercial aircraft contracts is recognized at the point in time when an aircraft is completed and accepted by the customer.
BDS engages in the research, development, production and modification of the following products and related services: manned and unmanned military aircraft and weapons systems, surveillance and engagement, strategic defense and intelligence systems, satellite systems and space exploration. BDS revenue is generally recognized over the contract term (over time) as costs are incurred.
BGS provides parts, maintenance, modifications, logistics support, training, data analytics and information-based services to commercial and government customers worldwide. BGS segment revenue and costs include certain products and services provided to other segments. Revenue on commercial spare parts contracts is recognized at the point in time when a spare part is delivered to the customer. Revenue on other contracts is generally recognized over the contract term (over time) as costs are incurred.
The primary profitability measurement used by our chief operating decision maker to review segment operating results is Segment operating earnings/(loss). The following table reconciles segment Revenues to Segment operating earnings/(loss):
BCABDSBGS
For the three months ended March 31, 2024
Revenues
$4,653 $6,950 $5,045 
Less:
Research and development expense, net518 235 26 
Other segment items(1)
5,278 6,564 4,103 
Segment operating earnings/(loss)($1,143)$151 $916 
For the three months ended March 31, 2025
Revenues$8,147 $6,298 $5,063 
Less:
Research and development expense, net534 199 29 
Other segment items(1)
8,150 5,944 4,091 
Segment operating earnings/(loss)($537)$155 $943 
(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)Three months ended March 31
20252024
Revenue from contracts with customers:
Europe$508 $770 
Asia2,957 2,113 
Middle East483 768 
Other non-U.S.389 410 
Total non-U.S. revenues4,337 4,061 
United States3,783 985 
Estimated potential concessions and other considerations to 737 MAX customers, net of insurance recoveries
 (443)
Total revenues from contracts with customers8,120 4,603 
Intersegment revenues eliminated on consolidation27 50 
Total segment revenues$8,147 $4,653 
Revenue recognized on fixed-price contracts100 %100 %
Revenue recognized at a point in time100 %99 %
BDS revenues on contracts with customers, based on the customer's location, consisted of the following:
(Dollars in millions)Three months ended March 31
20252024
Revenue from contracts with customers:
U.S. customers$4,933 $5,444 
Non-U.S. customers(1)
1,365 1,506 
Total segment revenue from contracts with customers$6,298 $6,950 
Revenue recognized over time100 %99 %
Revenue recognized on fixed-price contracts58 %58 %
Revenue from the U.S. government(1)
92 %91 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
BGS revenues consisted of the following:
(Dollars in millions)Three months ended March 31
20252024
Revenue from contracts with customers:
Commercial$2,971 $3,000 
Government1,996 1,934 
Total revenues from contracts with customers4,967 4,934 
Intersegment revenues eliminated on consolidation96 111 
Total segment revenues$5,063 $5,045 
Revenue recognized at a point in time54 %54 %
Revenue recognized on fixed-price contracts86 %87 %
Revenue from the U.S. government(1)
30 %29 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
Earnings in Equity Method Investments
During the three months ended March 31, 2025 and 2024, our share of (loss)/income from equity method investments was ($4) and $72. The loss in 2025 was primarily driven by investments held in Unallocated items, eliminations, and other. The income in 2024 was primarily driven by investments held at our BDS segment.
Backlog
Our total backlog includes contracts that we and our customers are committed to perform. The value in backlog represents the estimated transaction prices on performance obligations to our customers for which work remains to be performed. Backlog is converted into revenue, primarily based on the cost incurred or at delivery and acceptance of products, depending on the applicable revenue recognition model.
Our backlog at March 31, 2025 was $544,736. We expect approximately 24% to be converted to revenue through 2026 and approximately 71% 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.
Three months ended March 31
20252024
Share-based plans($30)$10 
Deferred compensation5 (30)
Amortization of previously capitalized interest(21)(23)
Research and development expense, net(82)(89)
Eliminations and other unallocated items(234)(180)
Unallocated items, eliminations and other
($362)($312)
Pension and Other Postretirement Benefit Expense
Pension costs are allocated to BDS and BGS businesses supporting government customers using CAS, which employ different actuarial assumptions and accounting conventions than GAAP. These costs are allocable to government contracts. Other postretirement benefit costs are allocated to business segments based on CAS, which is generally based on benefits paid. FAS/CAS service cost adjustment represents the difference between the Financial Accounting Standards (FAS) pension and postretirement service costs calculated under GAAP and costs allocated to the business segments. Non-operating pension and postretirement expenses represent the components of net periodic benefit costs other than service cost. These expenses are included in Other income, net. Components of FAS/CAS service cost adjustment are shown in the following table:
Three months ended March 31
20252024
Pension FAS/CAS service cost adjustment$193 $230 
Postretirement FAS/CAS service cost adjustment69 72 
FAS/CAS service cost adjustment$262 $302 
Assets
Segment assets are summarized in the table below:
March 31
2025		December 31
2024
Commercial Airplanes$85,509 $84,177 
Defense, Space & Security16,210 15,350 
Global Services17,167 16,704 
Unallocated items, eliminations and other37,608 40,132 
Total$156,494 $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
Three months ended March 31
20252024
Commercial Airplanes$106 $102 
Defense, Space & Security54 68 
Global Services26 35 
Unallocated items, eliminations and other488 362 
Total$674 $567 
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
Three months ended March 31
20252024
Commercial Airplanes$101 $99 
Defense, Space & Security
50 47 
Global Services73 77 
Centrally Managed Assets (1)
242 219 
Total$466 $442 
(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 three months ended March 31, 2025, $169 was allocated to the primary business segments, of which $82, $68, and $19 was allocated to BCA, BDS and BGS, respectively. During the three months ended March 31, 2024, $163 was allocated to the primary business segments, of which $80, $65, and $18 was allocated to BCA, BDS and BGS, respectively.
v3.25.1
Subsequent Events
 3 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
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 $10.55 billion. The sale will include Jeppesen, ForeFlight, AerData and OzRunways assets. We will continue to provide commercial and defense airplane and fleet maintenance, diagnostics, and repair services. This transaction will enable us to strengthen our capital structure and focus on our core operations. We expect the transaction to close later in 2025 and result in a gain at closing. The transaction is subject to regulatory approval and customary closing conditions.
v3.25.1
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Pay vs Performance Disclosure    
Net loss available to common shareholders $ (37) $ (343)
v3.25.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 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
v3.25.1
Basis of Presentation (Policy)
 3 Months Ended
Mar. 31, 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.
v3.25.1
Summary of Business Segment Data (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Schedule of Segment Reporting Information, by Segment
(Dollars in millions)Three months ended March 31
20252024
Revenues:
Commercial Airplanes$8,147 $4,653 
Defense, Space & Security6,298 6,950 
Global Services5,063 5,045 
Unallocated items, eliminations and other(12)(79)
Total revenues$19,496 $16,569 
Earnings/(loss) from operations:
Commercial Airplanes($537)($1,143)
Defense, Space & Security155 151 
Global Services943 916 
Segment operating earnings/(loss)561 (76)
Unallocated items, eliminations and other(362)(312)
FAS/CAS service cost adjustment262 302 
Earnings/(loss) from operations461 (86)
Other income, net323 277 
Interest and debt expense(708)(569)
Earnings/(loss) before income taxes76 (378)
Income tax (expense)/benefit(107)23 
Net loss(31)(355)
Less: net earnings/(loss) attributable to noncontrolling interest6 (12)
Net loss attributable to Boeing shareholders(37)(343)
Less: Mandatory convertible preferred stock dividends accumulated during the period86  
Net loss attributable to Boeing common shareholders($123)($343)
v3.25.1
Basis of Presentation (Tables)
 3 Months Ended
Mar. 31, 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 Earnings/(loss) from operations from changes in estimated losses on unexercised options.
(In millions - except per share amounts)Three months ended March 31
20252024
Decrease to Revenue($140)($218)
Increase to Loss from operations
($151)($366)
Increase to Diluted loss per share
($0.22)($0.56)
v3.25.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 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)Three months ended March 31
20252024
Net loss attributable to Boeing shareholders($37)($343)
Less: Mandatory convertible preferred stock dividends accumulated during the period
86 
Less: earnings available to participating securities
Net loss available to common shareholders
($123)($343)
Basic
Basic weighted average shares outstanding
753.6 613.2 
Less: participating securities(1)
0.2 0.3 
Basic weighted average common shares outstanding
753.4 612.9 
Diluted
Diluted weighted average shares outstanding
753.6 613.2 
Less: participating securities(1)
0.2 0.3 
Diluted weighted average common shares outstanding
753.4 612.9 
Net loss per share:
Basic
($0.16)($0.56)
Diluted
(0.16)(0.56)
(1)Participating securities include certain instruments in our deferred compensation plan.
Schedule of Weighted Average Number of Shares Outstanding Excluded from the Computation of Diluted Earnings Per Share
The following table represents potential common shares that were not included in the computation of Diluted loss per share because the effect was antidilutive based on their strike price or the performance condition was not met.
(Shares in millions)Three months ended March 31
20252024
Performance restricted stock units0.6 0.5 
Restricted stock units0.5 
Stock options0.9 0.8 
v3.25.1
Allowances for Losses on Financial Assets (Tables)
 3 Months Ended
Mar. 31, 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 three months ended March 31, 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(16)(1)(1)15 (10)(13)
Write-offs2 9 11 
Recoveries1 1 
Balance at March 31, 2024
($102)($20)($42)($36)($132)($332)
Balance at January 1, 2025($92)($38)($47)($7)($199)($383)
Changes in estimates1 (3)1 3 (38)(36)
Write-offs3 3 
Recoveries1 1 
Balance at March 31, 2025
($87)($41)($46)($4)($237)($415)
v3.25.1
Inventories (Tables)
 3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
Schedule of Inventory, Current
Inventories consisted of the following:
March 31
2025		December 31
2024
Commercial aircraft programs$76,402 $75,192 
Long-term contracts in progress652 752 
Capitalized precontract costs(1)
1,196 1,176 
Commercial spare parts, used aircraft, general stock materials and other
10,827 10,430 
Total$89,077 $87,550 
(1)Capitalized precontract costs at March 31, 2025 and December 31, 2024, included amounts related to Commercial Crew, T-7A Red Hawk Production Options and KC-46A Tanker. See Note 10.
v3.25.1
Financing Receivables and Operating Lease Equipment (Tables)
 3 Months Ended
Mar. 31, 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:
March 31
2025		December 31
2024
Financing receivables:
Investment in sales-type leases$195 $203 
Notes82 85 
Total financing receivables
277 288 
Less allowance for losses on receivables4 7 
Financing receivables, net273 281 
Operating lease equipment, at cost, less accumulated depreciation of $49 and $46
237 240 
Total$510 $521 
Components of Investment in Sales Type or Finance Leases
The components of investment in sales-type leases consisted of the following:
March 31
2025		December 31
2024
Gross lease payments receivable$216 $229 
Unearned income(21)(26)
Net lease payments receivable195 203 
Unguaranteed residual assets  
Total$195 $203 
Financing Receivable Credit Quality Indicators
Our financing receivable balances at March 31, 2025 by internal credit rating category and year of origination consisted of the following:
Rating categories202320222021PriorTotal
BBB$31 $27 $121 $13 $192 
B82 82 
CCC3 3 
Total carrying value of financing receivables$31 $27 $124 $95 $277 
Schedule of Customer Financing Carrying Values Related to Major Aircraft Concentrations
The majority of our financing receivables and operating lease equipment portfolio is concentrated in the following aircraft models:
March 31
2025		December 31
2024
717 Aircraft (Accounted for as sales-type leases)
$192 $196 
777 Aircraft (Accounted for as operating leases)
179 183 
747-8 Aircraft (Primarily accounted for as notes)
86 92 
737 Aircraft (Primarily accounted for as operating leases)47 47 
v3.25.1
Investments (Tables)
 3 Months Ended
Mar. 31, 2025
Investments [Abstract]  
Schedule of Investments
Our investments, which are recorded in Short-term and other investments or Investments, consisted of the following:
March 31
2025		December 31
2024
Time deposits (1)
$13,009 $11,960 
Equity method investments (2)
950 948 
Available-for-sale debt investments (1)
518 517 
Equity and other investments35 34 
Restricted cash & cash equivalents (1)(3)
21 21 
Total$14,533 $13,480 
(1)Primarily included in Short-term and other investments on our Condensed Consolidated Statements of Financial Position.
(2)Dividends received were $2 and $20 during the three months ended March 31, 2025 and 2024.
(3)Reflects amounts restricted in support of our workers’ compensation programs and insurance premiums.
v3.25.1
Liabilities, Commitments and Contingencies (Tables)
 3 Months Ended
Mar. 31, 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 three months ended March 31, 2025 and 2024.
20252024
Beginning balance – January 1$641 $1,327 
Reductions for payments made(38)(553)
Reductions for concessions and other in-kind considerations(35) 
Changes in estimates 510 
Ending balance – March 31$568 $1,284 
Schedule of Environmental Remediation Activity
The following table summarizes changes in environmental remediation liabilities during the three months ended March 31, 2025 and 2024.
20252024
Beginning balance – January 1$834 $844 
Reductions for payments made, net of recoveries(13)(14)
Changes in estimates34 7 
Ending balance – March 31$855 $837 
Schedule of Product Warranty Activity
The following table summarizes changes in product warranty liabilities recorded during the three months ended March 31, 2025 and 2024.
20252024
Beginning balance – January 1$2,133 $2,448 
Additions for current year deliveries34 22 
Reductions for payments made(84)(75)
Changes in estimates240  
Ending balance – March 31$2,323 $2,395 
Schedule of Contractual Obligation, Fiscal Year Maturity The estimated earliest potential funding dates for these commitments as of March 31, 2025 are as follows:

Total
April through December 2025
$2,727 
20262,223 
20274,690 
20282,944 
20291,779 
Thereafter2,794 
Total
$17,157 
v3.25.1
Arrangements with Off-Balance Sheet Risk (Tables)
 3 Months Ended
Mar. 31, 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
March 31
2025		December 31
2024		March 31
2025		December 31
2024		March 31
2025		December 31
2024
Contingent repurchase commitments
$249 $295 $249 $295 
Credit guarantees15 15  $14 $14 
v3.25.1
Postretirement Plans (Tables)
 3 Months Ended
Mar. 31, 2025
Retirement Benefits [Abstract]  
Components of Net Periodic Benefit Cost
The components of net periodic benefit cost/(income) for the three months ended March 31 were as follows:
PensionPostretirement
2025202420252024
Service cost$1 $2 $13 $12 
Interest cost669 659 34 31 
Expected return on plan assets(769)(829)(3)(2)
Amortization of prior service credits(19)(20) (3)
Recognized net actuarial loss/(gain)76 67 (36)(44)
Net periodic benefit (income)/cost($42)($121)$8 ($6)
Net periodic benefit cost included in Earnings/(loss) from operations$1 $2 $13 $11 
Net periodic benefit income included in Other income, net(43)(123)(5)(18)
Net periodic benefit income included in Earnings/(loss) before income taxes
($42)($121)$8 ($7)
v3.25.1
Shareholders' Equity (Tables)
 3 Months Ended
Mar. 31, 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 three months ended March 31, 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 loss before reclassifications
(35)(65)(14)(114)
Amounts reclassified from AOCI
7  
(2)
7 
Net current period Other comprehensive loss
(35)(58)(14)(107)
Balance at March 31, 2024($169)$2 ($46)($10,199)($10,412)
Balance at January 1, 2025($178)$2 ($211)($10,528)($10,915)
Other comprehensive income before reclassifications
46 68 114 
Amounts reclassified from AOCI
18 23 
(2)
41 
Net current period Other comprehensive income
46 86 23 155 
Balance at March 31, 2025($132)$2 ($125)($10,505)($10,760)
(1)     Net of tax.
(2)    Primarily relates to the amortization of prior service credits and actuarial losses included in net periodic benefit cost for the three months ended March 31, 2025 and 2024 totaling $23 and $0 (net of tax of $2 and $0).
v3.25.1
Derivative Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 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
March 31
2025		December 31
2024		March 31
2025		December 31
2024		March 31
2025		December 31
2024
Derivatives designated as hedging instruments:
Foreign exchange contracts$5,123 $5,139 $51 $23 ($129)($213)
Commodity contracts361 388 61 65 (12)(12)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts121 103 1 1 (12)(17)
Commodity contracts104 129  
Total derivatives$5,709 $5,759 $113 $89 ($153)($242)
Netting arrangements(33)(24)33 24 
Net recorded balance$80 $65 ($120)($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) are presented in the following table:
Three months ended March 31

20252024
Recognized in Other comprehensive income/(loss), net of taxes:
Foreign exchange contracts$67 ($57)
Commodity contracts1 (8)
Reclassification Out of Accumulated Other Comprehensive Income
(Losses)/gains associated with our hedging transactions and forward points reclassified from AOCI to earnings are presented in the following table:
Three months ended March 31
20252024
Foreign exchange contracts
Costs and expenses($4)($7)
General and administrative expense(10)(4)
Commodity contracts
Costs and expenses($11)
General and administrative expense2 $2 
v3.25.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 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.

March 31, 2025December 31, 2024
TotalLevel 1Level 2TotalLevel 1Level 2
Assets
Money market funds$5,182 $5,182 $6,475 $6,475 
Available-for-sale debt investments:
Commercial paper163 $163 165 $165 
Corporate notes338 338 335 335 
U.S. government agencies17 1717 17 
Other equity investments10 10 9 9 
Derivatives80 80 65 65 
Total assets$5,790 $5,192 $598 $7,066 $6,484 $582 
Liabilities
Derivatives($120)($120)($218)($218)
Total liabilities($120) ($120)($218)($218)
Fair Value, Assets Measured on Nonrecurring Basis Using Unobservable Inputs The following table presents the nonrecurring losses recognized for the three months ended March 31 due to long-lived asset impairment and the fair value of the related assets as of the impairment date:

20252024
Fair ValueTotal
Losses		Fair ValueTotal
Losses
Investments ($5) ($4)
Other assets$5 (2) (3)
Property, plant and equipment $18 (9)
Operating lease equipment
 15 (5)
Total$5 ($7)$33 ($21)
Fair Values and Related Carrying Values of Financial Instruments
The fair values and related carrying values of financial instruments that are not required to be remeasured at fair value on the Condensed Consolidated Statements of Financial Position were as follows:

March 31, 2025
Carrying
Amount		Total Fair
Value		Level 1Level 2Level 3
Assets
Notes receivable, net$881 $923 $910 $13 
Liabilities
Debt, excluding finance lease obligations (53,394)(51,758)(51,758)
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)
v3.25.1
Segment and Revenue Information (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated The following table reconciles segment Revenues to Segment operating earnings/(loss):
BCABDSBGS
For the three months ended March 31, 2024
Revenues
$4,653 $6,950 $5,045 
Less:
Research and development expense, net518 235 26 
Other segment items(1)
5,278 6,564 4,103 
Segment operating earnings/(loss)($1,143)$151 $916 
For the three months ended March 31, 2025
Revenues$8,147 $6,298 $5,063 
Less:
Research and development expense, net534 199 29 
Other segment items(1)
8,150 5,944 4,091 
Segment operating earnings/(loss)($537)$155 $943 
(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)Three months ended March 31
20252024
Revenue from contracts with customers:
Europe$508 $770 
Asia2,957 2,113 
Middle East483 768 
Other non-U.S.389 410 
Total non-U.S. revenues4,337 4,061 
United States3,783 985 
Estimated potential concessions and other considerations to 737 MAX customers, net of insurance recoveries
 (443)
Total revenues from contracts with customers8,120 4,603 
Intersegment revenues eliminated on consolidation27 50 
Total segment revenues$8,147 $4,653 
Revenue recognized on fixed-price contracts100 %100 %
Revenue recognized at a point in time100 %99 %
BDS revenues on contracts with customers, based on the customer's location, consisted of the following:
(Dollars in millions)Three months ended March 31
20252024
Revenue from contracts with customers:
U.S. customers$4,933 $5,444 
Non-U.S. customers(1)
1,365 1,506 
Total segment revenue from contracts with customers$6,298 $6,950 
Revenue recognized over time100 %99 %
Revenue recognized on fixed-price contracts58 %58 %
Revenue from the U.S. government(1)
92 %91 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
BGS revenues consisted of the following:
(Dollars in millions)Three months ended March 31
20252024
Revenue from contracts with customers:
Commercial$2,971 $3,000 
Government1,996 1,934 
Total revenues from contracts with customers4,967 4,934 
Intersegment revenues eliminated on consolidation96 111 
Total segment revenues$5,063 $5,045 
Revenue recognized at a point in time54 %54 %
Revenue recognized on fixed-price contracts86 %87 %
Revenue from the U.S. government(1)
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.
Three months ended March 31
20252024
Share-based plans($30)$10 
Deferred compensation5 (30)
Amortization of previously capitalized interest(21)(23)
Research and development expense, net(82)(89)
Eliminations and other unallocated items(234)(180)
Unallocated items, eliminations and other
($362)($312)
Components of Financial Accounting Standards and Cost Accounting Standards Adjustment Components of FAS/CAS service cost adjustment are shown in the following table:
Three months ended March 31
20252024
Pension FAS/CAS service cost adjustment$193 $230 
Postretirement FAS/CAS service cost adjustment69 72 
FAS/CAS service cost adjustment$262 $302 
Reconciliation of Assets from Segment to Consolidated
Segment assets are summarized in the table below:
March 31
2025		December 31
2024
Commercial Airplanes$85,509 $84,177 
Defense, Space & Security16,210 15,350 
Global Services17,167 16,704 
Unallocated items, eliminations and other37,608 40,132 
Total$156,494 $156,363 
Schedule of Capital Expenditures by Segment
Three months ended March 31
20252024
Commercial Airplanes$106 $102 
Defense, Space & Security54 68 
Global Services26 35 
Unallocated items, eliminations and other488 362 
Total$674 $567 
Schedule of Depreciation and Amortization by Segment
Three months ended March 31
20252024
Commercial Airplanes$101 $99 
Defense, Space & Security
50 47 
Global Services73 77 
Centrally Managed Assets (1)
242 219 
Total$466 $442 
(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 three months ended March 31, 2025, $169 was allocated to the primary business segments, of which $82, $68, and $19 was allocated to BCA, BDS and BGS, respectively. During the three months ended March 31, 2024, $163 was allocated to the primary business segments, of which $80, $65, and $18 was allocated to BCA, BDS and BGS, respectively.
v3.25.1
Summary of Business Segment Data - Schedule of Segment Reporting Information, by Segment (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Segment Reporting Information [Line Items]    
Total revenues $ 19,496 $ 16,569
Earnings/(loss) from operations 461 (86)
Other income, net 323 277
Interest and debt expense (708) (569)
Earnings/(loss) before income taxes 76 (378)
Income tax (expense)/benefit (107) 23
Net loss (31) (355)
Less: net earnings/(loss) attributable to noncontrolling interest 6 (12)
Net loss attributable to Boeing shareholders (37) (343)
Less: Mandatory convertible preferred stock dividends accumulated during the period 86
Net loss attributable to Boeing common shareholders (123) (343)
Net loss attributable to Boeing common shareholders (123) (343)
Operating Segments    
Segment Reporting Information [Line Items]    
Earnings/(loss) from operations 561 (76)
Operating Segments | Commercial Airplanes    
Segment Reporting Information [Line Items]    
Total revenues 8,147 4,653
Earnings/(loss) from operations (537) (1,143)
Operating Segments | Defense, Space & Security    
Segment Reporting Information [Line Items]    
Total revenues 6,298 6,950
Earnings/(loss) from operations 155 151
Operating Segments | Global Services    
Segment Reporting Information [Line Items]    
Total revenues 5,063 5,045
Earnings/(loss) from operations 943 916
Unallocated items, eliminations and other    
Segment Reporting Information [Line Items]    
Total revenues (12) (79)
Unallocated items, eliminations and other (362) (312)
FAS/CAS service cost adjustment $ 262 $ 302
v3.25.1
Basis of Presentation - Narrative (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Basis of Presentation Disclosure [Line Items]    
Goodwill $ 8,091 $ 8,084
Military Aircraft | Defense, Space & Security    
Basis of Presentation Disclosure [Line Items]    
Goodwill $ 1,295  
v3.25.1
Basis of Presentation - Schedule of Change in Accounting Estimate (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Decrease to Revenue $ (140) $ (218)
Increase to Loss from operations $ (151) $ (366)
Increase to Diluted loss per share (in dollars per share) $ (0.22) $ (0.56)
v3.25.1
Spirit Acquisition (Details)
$ / shares in Units, $ in Millions
 12 Months Ended
Jun. 30, 2025
USD ($)
extension_period
$ / shares
shares
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Mar. 31, 2025
USD ($)
Jan. 22, 2025
USD ($)
Business Acquisition [Line Items]          
Business combination, amount due, liability         $ 515
Business combination, liability repayment, year one, adjustment         $ 425
Spirit AeroSystems Holdings, Inc.          
Business Acquisition [Line Items]          
Business combination, maximum financial support amount   $ 1,067 $ 1,067    
Business combination, financial support amount, not yet drawn       $ 166  
Business combination, other assets, current   539   24  
Business combination, other assets   299   784  
Business combination, inventory advance payment   $ 165   $ 162  
Forecast          
Business Acquisition [Line Items]          
Business combination, termination rights, number of three-month extension periods | extension_period 3        
Business combination, termination rights, cured duration 30 days        
Forecast | Spirit AeroSystems Holdings, Inc.          
Business Acquisition [Line Items]          
Business combination, consideration transferred $ 4,700        
Business acquisition, share price (in dollars per share) | $ / shares $ 37.25        
Business acquisition, trading day 15 days        
Business acquisition, buyer termination fee $ 300        
Forecast | Spirit AeroSystems Holdings, Inc. | Minimum          
Business Acquisition [Line Items]          
Business acquisition, exchange ratio 18.00%        
Business acquisition, floor price per share (in dollars per share) | $ / shares $ 149.00        
Business acquisition, equity interest issued or issuable, number of shares (in shares) | shares 0.25        
Forecast | Spirit AeroSystems Holdings, Inc. | Maximum          
Business Acquisition [Line Items]          
Business acquisition, exchange ratio 25.00%        
Business acquisition, ceiling price per share (in dollars per share) | $ / shares $ 206.94        
Business acquisition, equity interest issued or issuable, number of shares (in shares) | shares 0.18        
v3.25.1
Earnings Per Share - Schedule of Weighted Average Number of Shares (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Earnings Per Share [Abstract]    
Net loss available to common shareholders $ (37) $ (343)
Less: Mandatory convertible preferred stock dividends accumulated during the period 86
Less: earnings available to participating securities, basic
Less: earnings available to participating securities, diluted
Net loss attributable to Boeing common shareholders (123) (343)
Net loss attributable to Boeing common shareholders $ (123) $ (343)
Basic weighted average shares outstanding (in shares) 753.6 613.2
Participating securities (in shares) 0.2 0.3
Basic weighted average common shares outstanding (in shares) 753.4 612.9
Diluted weighted average shares outstanding (in shares) 753.6 613.2
Participating securities (in shares) 0.2 0.3
Diluted weighted average common shares outstanding (in shares) 753.4 612.9
Basic net loss per share (in dollars per share) $ (0.16) $ (0.56)
Diluted net loss per share (in dollars per share) $ (0.16) $ (0.56)
v3.25.1
Earnings Per Share - Schedule of Weighted Average Number of Shares Outstanding Excluded from the Computation of Diluted Earnings Per Share (Details) - shares
shares in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Performance restricted stock units | Antidilutive or Performance Condition not met    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Shares excluded from the computation of diluted earnings (in shares) 0.6 0.5
Restricted stock units | Antidilutive or Performance Condition not met    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Shares excluded from the computation of diluted earnings (in shares) 0.5
Stock options | Antidilutive or Performance Condition not met    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Shares excluded from the computation of diluted earnings (in shares) 0.9 0.8
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) 37.1 3.1
v3.25.1
Earnings Per Share - Narrative (Details) - shares
shares in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 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) 37.1 3.1
v3.25.1
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Income Tax Disclosure [Abstract]      
Effective income tax rate 140.80% 6.10%  
Valuation allowance     $ 7,837
v3.25.1
Allowances for Losses on Financial Assets - Schedule of Financial Assets, Allowance for Credit Loss (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 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 1 (16)
Unbilled receivables, changes in estimates (3) (1)
Changes in estimates (36) (13)
Customer financing, changes in estimates 3 15
Accounts receivable, write-offs 3 2
Write-offs 3 11
Accounts receivable, recovery 1 1
Recoveries 1 1
Account receivable, allowance for credit loss, ending balance (87) (102)
Unbilled receivables, allowance for credit loss, ending balance (41) (20)
Allowance for credit loss, ending balance (415) (332)
Customer financing, allowance for credit loss, ending balance (4) (36)
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 (46) (42)
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 (237) (132)
Other current assets    
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]    
Changes in estimates 1 (1)
Write-offs   9
Other assets    
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]    
Changes in estimates $ (38) $ (10)
v3.25.1
Inventories - Schedule of Inventory, Current (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Inventory Disclosure [Abstract]    
Commercial aircraft programs $ 76,402 $ 75,192
Long-term contracts in progress 652 752
Capitalized precontract costs 1,196 1,176
Commercial spare parts, used aircraft, general stock materials and other 10,827 10,430
Total $ 89,077 $ 87,550
v3.25.1
Inventories - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Early Issue Sales Consideration      
Inventory [Line Items]      
Inventory subject to uncertainty $ 5,953   $ 5,837
Airplane Program 737      
Inventory [Line Items]      
Amount of deferred costs related to commercial aircraft programs 10,748   9,679
Unamortized tooling and other non-recurring costs 891   909
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from firm orders at the balance sheet date 11,587    
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from future orders 52    
Airplane Program 777x      
Inventory [Line Items]      
Amount of deferred costs related to commercial aircraft programs 360   0
Unamortized tooling and other non-recurring costs 4,209   4,122
Inventory, work in process 4,145   3,476
Airplane Program 787      
Inventory [Line Items]      
Amount of deferred costs related to commercial aircraft programs 13,452   13,178
Unamortized tooling and other non-recurring costs 1,361   1,370
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from firm orders at the balance sheet date 11,902    
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from future orders 2,911    
Supplier advances 1,550   $ 1,379
Abnormal production costs $ 30 $ 80  
v3.25.1
Contracts with Customers - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]      
Unbilled receivables, net $ 9,031   $ 8,363
Advances and progress billings 61,114   $ 60,333
Contract with customer, liability, revenue recognized $ 5,488 $ 4,181  
v3.25.1
Financing Receivables and Operating Lease Equipment - Schedule of Financing Receivables and Operating Lease Equipment, Net (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Financing Receivables and Operating Lease Equipment [Abstract]        
Investment in sales-type leases $ 195 $ 203    
Notes 82 85    
Total financing receivables 277 288    
Less allowance for losses on receivables 4 7 $ 36 $ 51
Financing receivables, net 273 281    
Operating lease equipment, at cost, less accumulated depreciation of $49 and $46 237 240    
Total 510 521    
Operating lease equipment, accumulated depreciation $ 49 $ 46    
v3.25.1
Financing Receivables and Operating Lease Equipment - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Financing Receivables and Operating Lease Equipment [Line Items]      
Investment in sales-type leases $ 195   $ 203
Financing receivable, nonaccrual, no allowance 4   $ 7
Financing receivable, nonaccrual, interest income 2 $ 2  
Sales-type and direct financing leases, lease income 5 10  
Operating lease, lease income $ 12 $ 18  
CCC      
Financing Receivables and Operating Lease Equipment [Line Items]      
Percentage of credit default rates applied to customers 100.00%    
B      
Financing Receivables and Operating Lease Equipment [Line Items]      
Percentage of credit default rates applied to customers 0.00%    
BBB      
Financing Receivables and Operating Lease Equipment [Line Items]      
Percentage of credit default rates applied to customers 0.10%    
Repaid In One Year Or Less      
Financing Receivables and Operating Lease Equipment [Line Items]      
Investment in sales-type leases $ 191    
Lessor, sales-type lease, term (in years) 1 year    
Minimum      
Financing Receivables and Operating Lease Equipment [Line Items]      
Lessee, finance lease, term of contract (in years) 1 year    
Maximum      
Financing Receivables and Operating Lease Equipment [Line Items]      
Lessee, finance lease, term of contract (in years) 7 years    
v3.25.1
Financing Receivables and Operating Lease Equipment - Components of Investment in Sales-Type or Finance Leases (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Receivables [Abstract]    
Gross lease payments receivable $ 216 $ 229
Unearned income (21) (26)
Net lease payments receivable 195 203
Unguaranteed residual assets
Investment in sales-type leases $ 195 $ 203
v3.25.1
Financing Receivables and Operating Lease Equipment - Financing Receivable Credit Quality Indicators (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 $ 31  
2022 27  
2021 124  
Prior 95  
Total financing receivables 277 $ 288
BBB    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 31  
2022 27  
2021 121  
Prior 13  
Total financing receivables 192  
B    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023  
2022  
2021  
Prior 82  
Total financing receivables 82  
CCC    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023  
2022  
2021 3  
Prior  
Total financing receivables $ 3  
v3.25.1
Financing Receivables and Operating Lease Equipment - Schedule of Customer Financing Carrying Values Related to Major Aircraft Concentrations (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
B-717    
Financing Receivables and Operating Lease Equipment [Line Items]    
Gross customer financing $ 192 $ 196
B-777    
Financing Receivables and Operating Lease Equipment [Line Items]    
Gross customer financing 179 183
B747-8    
Financing Receivables and Operating Lease Equipment [Line Items]    
Gross customer financing 86 92
B-737    
Financing Receivables and Operating Lease Equipment [Line Items]    
Gross customer financing $ 47 $ 47
v3.25.1
Investments - Schedule of Investments (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Investments [Abstract]      
Time deposits $ 13,009   $ 11,960
Equity method investments 950   948
Available-for-sale debt investments 518   517
Equity and other investments 35   34
Restricted cash & cash equivalents 21 $ 21 21
Total 14,533   $ 13,480
Dividends received $ 2 $ 20  
v3.25.1
Investments - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Net Investment Income [Line Items]    
Payments to acquire investments $ 8,797 $ 243
Proceeds from investments 7,750 2,907
Time Deposits    
Net Investment Income [Line Items]    
Payments to acquire investments 8,635 90
Proceeds from investments $ 7,585 $ 2,740
v3.25.1
Liabilities, Commitments and Contingencies - Narrative (Details)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2025
USD ($)
lot
aircraft
Mar. 31, 2024
USD ($)
aircraft
Sep. 30, 2018
USD ($)
aircraft
Dec. 31, 2024
USD ($)
Dec. 31, 2018
USD ($)
simulator
aircraft
Dec. 31, 2011
aircraft
tanker
lot
Commitments And Contingencies [Line Items]            
Environmental loss contingency, operation and maintenance period, maximum 30 years          
Loss contingency, range of possible loss, portion not accrued $ 996     $ 1,002    
Contingent liabilities on outstanding letters of credit agreements and surety bonds 3,036     2,991    
Supplier finance program, obligation 2,107     2,703    
Capital Investment, Amount 500          
Increase (decrease) in earnings from operations due to change in accounting estimate (151) $ (366)        
Number of annual production lot | lot           13
VC-25B            
Commitments And Contingencies [Line Items]            
Contract value $ 4,000          
Number of commercial aircraft | aircraft 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          
Increase (decrease) in earnings from operations due to change in accounting estimate       (2,002)    
Number of generation aerial refueling tanker | tanker           4
Number of aircraft | aircraft 154         179
Number of low rate initial production lot | lot 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       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 annual production lot | lot 4          
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          
Maximum            
Commitments And Contingencies [Line Items]            
Supplier finance program, payment timing, period 12 months          
Maximum | Supplier Finance Program, Majority of Amounts Payable            
Commitments And Contingencies [Line Items]            
Supplier finance program, payment timing, period 90 days          
Commercial Aircraft Commitments | Total Contractual Trade-In Commitment            
Commitments And Contingencies [Line Items]            
Other commitment $ 1,512     1,393    
Commercial Aircraft Commitments | Net Amounts Payable to Customers Related to Probable Contractual Trade-In Commitments            
Commitments And Contingencies [Line Items]            
Other commitment 71     275    
Commercial Aircraft Commitments | Fair Value of Trade in Value of Aircraft            
Commitments And Contingencies [Line Items]            
Other commitment 67     270    
Financing Commitment            
Commitments And Contingencies [Line Items]            
Other commitment 17,157     $ 17,124    
Financing Commitment | External Credit Rating, Non Investment Grade            
Commitments And Contingencies [Line Items]            
Other commitment 13,832          
Joint Venture            
Commitments And Contingencies [Line Items]            
Other commitment $ 277          
Other commitment, period 8 years          
2023            
Commitments And Contingencies [Line Items]            
Changes in estimates $ 109          
Contingent on Customer Negotiations            
Commitments And Contingencies [Line Items]            
737 MAX customer concessions and other considerations liability 92          
Alaska Airlines 737-9 Accident and 737-9 Grounding            
Commitments And Contingencies [Line Items]            
Revenue from contract with customer, excluding assessed tax   $ 443        
Capitalized Precontract Costs | KC-46A Tanker            
Commitments And Contingencies [Line Items]            
Capitalized precontract costs 107          
Capitalized Precontract Costs | T-7A Production            
Commitments And Contingencies [Line Items]            
Capitalized precontract costs 361          
Capitalized Precontract Costs | Commercial Crew            
Commitments And Contingencies [Line Items]            
Capitalized precontract costs 401          
Potential Termination Liabilities | KC-46A Tanker            
Commitments And Contingencies [Line Items]            
Capitalized precontract costs 183          
Potential Termination Liabilities | T-7A Production            
Commitments And Contingencies [Line Items]            
Capitalized precontract costs 783          
Potential Termination Liabilities | Commercial Crew            
Commitments And Contingencies [Line Items]            
Capitalized precontract costs $ 147          
v3.25.1
Liabilities, Commitments and Contingencies - Schedule of 737 Max Customer Concessions and Other Considerations Liability (Details) - B-737 - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Customer Concession And Other Consideration Liability [Roll Forward]    
Beginning balance – January 1 $ 641 $ 1,327
Reductions for payments made (38) (553)
Reductions for concessions and other in-kind considerations (35)
Changes in estimates 510
Ending balance – March 31 $ 568 $ 1,284
v3.25.1
Liabilities, Commitments and Contingencies - Schedule of Environmental Remediation Activity (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Environmental [Roll Forward]    
Beginning balance – January 1 $ 834 $ 844
Reductions for payments made, net of recoveries (13) (14)
Changes in estimates 34 7
Ending balance – March 31 $ 855 $ 837
v3.25.1
Liabilities, Commitments and Contingencies - Schedule of Product Warranty Activity (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Product Warranties [Roll Forward]    
Beginning balance – January 1 $ 2,133 $ 2,448
Additions for current year deliveries 34 22
Reductions for payments made (84) (75)
Changes in estimates 240
Ending balance – March 31 $ 2,323 $ 2,395
v3.25.1
Liabilities, Commitments and Contingencies - Schedule of Contractual Obligation, Fiscal Year Maturity (Details) - Financing Commitment - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Financing Commitments [Line Items]    
April through December 2025 $ 2,727  
2026 2,223  
2027 4,690  
2028 2,944  
2029 1,779  
Thereafter 2,794  
Total $ 17,157 $ 17,124
v3.25.1
Arrangements with Off-Balance Sheet Risk - Schedule of Guarantor Obligations (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Contingent repurchase commitments    
Guarantor Obligations [Line Items]    
Maximum Potential Payments $ 249 $ 295
Estimated Proceeds from Collateral/Recourse 249 295
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
v3.25.1
Arrangements with Off-Balance Sheet Risk - Narrative (Details) - Contingent repurchase commitments
Mar. 31, 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
v3.25.1
Postretirement Plans - Components of Net Periodic Benefit Cost (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Pension    
Defined Benefit Plan Disclosure [Line Items]    
Service cost $ 1 $ 2
Interest cost 669 659
Expected return on plan assets (769) (829)
Amortization of prior service credits (19) (20)
Recognized net actuarial loss/(gain) 76 67
Net periodic benefit (income)/cost (42) (121)
Postretirement    
Defined Benefit Plan Disclosure [Line Items]    
Service cost 13 12
Interest cost 34 31
Expected return on plan assets (3) (2)
Amortization of prior service credits (3)
Recognized net actuarial loss/(gain) (36) (44)
Net periodic benefit (income)/cost 8 (6)
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 1 2
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 11
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 (43) (123)
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)
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 (42) (121)
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 $ (7)
v3.25.1
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 shares) | $ / shares $ 184.53
v3.25.1
Shareholders' Equity - Narrative (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 12 Months Ended
Oct. 15, 2027
Oct. 31, 2024
Apr. 15, 2025
Mar. 31, 2025
Jan. 15, 2025
Dec. 31, 2024
Class of Stock [Line Items]            
Sale of stock, consideration received on transaction   $ 5,651        
Dividends, preferred stock, cash       $ 86 $ 72  
Preferred stock, dividends, per share, cash paid (in dollars per share)         $ 12.50  
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          
Subsequent Event            
Class of Stock [Line Items]            
Dividends, preferred stock     $ 86      
Preferred stock, dividends per share, declared (in dollars per share)     $ 15.00      
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
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
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          
v3.25.1
Shareholders' Equity - Schedule of Conversion Rate Per Share of Mandatory Convertible Preferred Stock (Details)
 3 Months Ended
Mar. 31, 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
v3.25.1
Shareholders' Equity - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Accumulated Other Comprehensive Income (Loss) [Roll Forward]    
Beginning balance $ (3,914) $ (17,228)
Other comprehensive (loss)/income before reclassifications 114 (114)
Amounts reclassified from AOCI 41 7
Net current period Other comprehensive income 155 (107)
Ending balance (3,325) (17,016)
Other comprehensive (income) loss, defined benefit plan, reclassification adjustment from AOCI, after tax 23 0
Other comprehensive (income) loss, defined benefit plan, reclassification adjustment from AOCI, tax (2) 0
Accumulated Other Comprehensive Loss    
Accumulated Other Comprehensive Income (Loss) [Roll Forward]    
Beginning balance (10,915) (10,305)
Ending balance (10,760) (10,412)
Currency Translation Adjustments    
Accumulated Other Comprehensive Income (Loss) [Roll Forward]    
Beginning balance (178) (134)
Other comprehensive (loss)/income before reclassifications 46 (35)
Amounts reclassified from AOCI
Net current period Other comprehensive income 46 (35)
Ending balance (132) (169)
Unrealized Gains and Losses on Certain Investments    
Accumulated Other Comprehensive Income (Loss) [Roll Forward]    
Beginning balance 2 2
Other comprehensive (loss)/income before reclassifications
Amounts reclassified from AOCI
Net current period Other comprehensive income
Ending balance 2 2
Unrealized Gains and Losses on Derivative Instruments    
Accumulated Other Comprehensive Income (Loss) [Roll Forward]    
Beginning balance (211) 12
Other comprehensive (loss)/income before reclassifications 68 (65)
Amounts reclassified from AOCI 18 7
Net current period Other comprehensive income 86 (58)
Ending balance (125) (46)
Defined Benefit Pension Plans & Other Postretirement Benefits    
Accumulated Other Comprehensive Income (Loss) [Roll Forward]    
Beginning balance (10,528) (10,185)
Other comprehensive (loss)/income before reclassifications (14)
Amounts reclassified from AOCI 23
Net current period Other comprehensive income 23 (14)
Ending balance $ (10,505) $ (10,199)
v3.25.1
Derivative Financial Instruments - Schedule of Derivative Instruments in Statement of Financial Position, Fair Value (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Derivative [Line Items]    
Derivative, notional amount $ 5,709 $ 5,759
Other assets 113 89
Accrued liabilities (153) (242)
Netting arrangement, other assets (33) (24)
Netting arrangement, accrued liabilities 33 24
Net recorded balance, other assets 80 65
Net recorded balance, accrued liabilities $ (120) $ (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 $ 5,123 $ 5,139
Other assets 51 23
Accrued liabilities (129) (213)
Designated as Hedging Instrument | Commodity contracts    
Derivative [Line Items]    
Derivative, notional amount 361 388
Other assets 61 65
Accrued liabilities (12) (12)
Not Designated as Hedging Instrument | Foreign exchange contracts    
Derivative [Line Items]    
Derivative, notional amount 121 103
Other assets 1 1
Accrued liabilities (12) (17)
Not Designated as Hedging Instrument | Commodity contracts    
Derivative [Line Items]    
Derivative, notional amount 104 129
Other assets
Accrued liabilities
v3.25.1
Derivative Financial Instruments - Schedule of Derivative Instruments, Gains/(Losses) in Statement of Financial Performance (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Foreign exchange contracts    
Derivative [Line Items]    
Recognized in Other comprehensive income/(loss), net of taxes $ 67 $ (57)
Commodity contracts    
Derivative [Line Items]    
Recognized in Other comprehensive income/(loss), net of taxes $ 1 $ (8)
v3.25.1
Derivative Financial Instruments - Reclassification Out of Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Costs and expenses    
Derivative [Line Items]    
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax $ (11)
General and administrative expense    
Derivative [Line Items]    
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax 2 2
Costs and expenses    
Derivative [Line Items]    
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax (4) (7)
General and administrative expense    
Derivative [Line Items]    
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax $ (10) $ (4)
v3.25.1
Derivative Financial Instruments - Narrative (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2025
USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Cash flow hedge loss to be reclassified within 12 Months $ 50
Line of credit facility, expiration period 5 years
Derivative, maturity 5 years
Derivative, net liability position, aggregate fair value $ 14
v3.25.1
Fair Value Measurements - Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt investments: $ 518 $ 517
Other equity investments 35 34
Derivatives 80 65
Derivatives (120) (218)
Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Money market funds 5,182 6,475
Other equity investments 10 9
Derivatives 80 65
Total assets 5,790 7,066
Derivatives (120) (218)
Total liabilities (120) (218)
Fair Value, Recurring | Commercial paper    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt investments: 163 165
Fair Value, Recurring | Corporate notes    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt investments: 338 335
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: 17 17
Fair Value, Recurring | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Money market funds 5,182 6,475
Other equity investments 10 9
Total assets 5,192 6,484
Fair Value, Recurring | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivatives 80 65
Total assets 598 582
Derivatives (120) (218)
Total liabilities (120) (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: 163 165
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: 338 335
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: $ 17 $ 17
v3.25.1
Fair Value Measurements - Fair Value, Assets Measured on Nonrecurring Basis Using Unobservable Inputs (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Losses $ (7) $ (21)
Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value 5 33
Total Losses (7) (21)
Investments | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value
Total Losses (5) (4)
Other assets | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value 5
Total Losses (2) (3)
Property, plant and equipment | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value 18
Total Losses (9)
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)
v3.25.1
Fair Value Measurements - Fair Values and Related Carrying Values of Financial Instruments (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Notes receivable, net, carrying amount $ 881 $ 940
Notes receivable, net, fair value 923 953
Debt, excluding capital lease obligations, carrying amount (53,394) (53,625)
Debt, excluding capital lease obligations, fair value (51,758) (51,089)
Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Notes receivable, net, fair value 910 941
Debt, excluding capital lease obligations, fair value (51,758) (51,089)
Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Notes receivable, net, fair value $ 13 $ 12
v3.25.1
Legal Proceedings - Narrative (Details)
$ in Millions
Jul. 24, 2024
USD ($)
Legal Proceedings [Abstract]  
Loss contingency, settlement agreement, additional fine $ 244
Loss contingency, settlement agreement, minimum investment commitment $ 455
Loss contingency, settlement agreement, investment commitment, period 3 years
Loss contingency, settlement agreement, appointment of compliance monitor, period 3 years
v3.25.1
Segment and Revenue Information - Narrative (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2025
USD ($)
segment
Mar. 31, 2024
USD ($)
Segment Reporting Information [Line Items]    
Number of reportable segments | segment 3  
Income (loss) from equity method investments $ (4) $ 72
Revenue, remaining performance obligation, amount $ 544,736  
Within Next Fiscal Year    
Segment Reporting Information [Line Items]    
Revenue, remaining performance obligation, percent recognized 24.00%  
Within Next 4 Fiscal Years    
Segment Reporting Information [Line Items]    
Revenue, remaining performance obligation, percent recognized 71.00%  
v3.25.1
Segment and Revenue Information - Reconciliation of Revenue from Segments to Consolidated (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Segment Reporting Information [Line Items]    
Total revenues $ 19,496 $ 16,569
Research and development expense, net 844 868
Earnings/(loss) from operations 461 (86)
Operating Segments    
Segment Reporting Information [Line Items]    
Earnings/(loss) from operations 561 (76)
Operating Segments | Commercial Airplanes    
Segment Reporting Information [Line Items]    
Total revenues 8,147 4,653
Research and development expense, net 534 518
Other segment items 8,150 5,278
Earnings/(loss) from operations (537) (1,143)
Operating Segments | Defense, Space & Security    
Segment Reporting Information [Line Items]    
Total revenues 6,298 6,950
Research and development expense, net 199 235
Other segment items 5,944 6,564
Earnings/(loss) from operations 155 151
Operating Segments | Global Services    
Segment Reporting Information [Line Items]    
Total revenues 5,063 5,045
Research and development expense, net 29 26
Other segment items 4,091 4,103
Earnings/(loss) from operations $ 943 $ 916
v3.25.1
Segment and Revenue Information - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Disaggregation of Revenue [Line Items]    
Total revenues $ 19,496 $ 16,569
Commercial Airplanes | Operating Segments    
Disaggregation of Revenue [Line Items]    
Total revenues 8,147 4,653
Commercial Airplanes | Operating Segments | Total revenues from contracts with customers    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax $ 8,120 $ 4,603
Commercial Airplanes | Operating Segments | Revenue recognized on fixed-price contracts    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax, percentage 100.00% 100.00%
Commercial Airplanes | Operating Segments | Revenue recognized at a point in time    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax, percentage 100.00% 99.00%
Commercial Airplanes | Operating Segments | United States    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax $ 3,783 $ 985
Commercial Airplanes | Operating Segments | Total non-U.S. revenues    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 4,337 4,061
Commercial Airplanes | Operating Segments | Europe    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 508 770
Commercial Airplanes | Operating Segments | Asia    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 2,957 2,113
Commercial Airplanes | Operating Segments | Middle East    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 483 768
Commercial Airplanes | Operating Segments | Other non-U.S.    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 389 410
Commercial Airplanes | Intersegment revenues eliminated on consolidation    
Disaggregation of Revenue [Line Items]    
Total revenues 27 50
Defense, Space & Security | Operating Segments    
Disaggregation of Revenue [Line Items]    
Total revenues $ 6,298 $ 6,950
Defense, Space & Security | Operating Segments | Revenue from the U.S. government    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax, percentage 92.00% 91.00%
Defense, Space & Security | Operating Segments | Revenue recognized on fixed-price contracts    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax, percentage 58.00% 58.00%
Defense, Space & Security | Operating Segments | Revenue recognized over time    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax, percentage 100.00% 99.00%
Defense, Space & Security | Operating Segments | United States    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax $ 4,933 $ 5,444
Defense, Space & Security | Operating Segments | Total non-U.S. revenues    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 1,365 1,506
Global Services | Operating Segments    
Disaggregation of Revenue [Line Items]    
Total revenues 5,063 5,045
Global Services | Operating Segments | Commercial    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 2,971 3,000
Global Services | Operating Segments | Government    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 1,996 1,934
Global Services | Operating Segments | Total revenues from contracts with customers    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax $ 4,967 $ 4,934
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%
Global Services | Operating Segments | Revenue recognized on fixed-price contracts    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax, percentage 86.00% 87.00%
Global Services | Operating Segments | Revenue recognized at a point in time    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax, percentage 54.00% 54.00%
Global Services | Intersegment revenues eliminated on consolidation    
Disaggregation of Revenue [Line Items]    
Total revenues $ 96 $ 111
B-737-Max | Customer Concessions | Commercial Airplanes | Operating Segments    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax $ (443)
v3.25.1
Segment and Revenue Information - Schedule of Segment, Reconciliation of Other Items from Segments to Consolidated (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Segment Reporting Information [Line Items]    
Share-based plans $ (135) $ (119)
Research and development expense, net (844) (868)
Unallocated items, eliminations and other    
Segment Reporting Information [Line Items]    
Share-based plans (30) 10
Deferred compensation 5 (30)
Amortization of previously capitalized interest (21) (23)
Research and development expense, net (82) (89)
Eliminations and other unallocated items (234) (180)
Unallocated items, eliminations and other $ (362) $ (312)
v3.25.1
Segment and Revenue Information - Components of Financial Accounting Standards and Cost Accounting Standards Adjustment (Details) - Unallocated items, eliminations and other - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Segment Reporting, Asset Reconciling Item [Line Items]    
FAS/CAS service cost adjustment $ 262 $ 302
Pension FAS/CAS service cost adjustment    
Segment Reporting, Asset Reconciling Item [Line Items]    
FAS/CAS service cost adjustment 193 230
Postretirement FAS/CAS service cost adjustment    
Segment Reporting, Asset Reconciling Item [Line Items]    
FAS/CAS service cost adjustment $ 69 $ 72
v3.25.1
Segment and Revenue Information - Reconciliation of Assets from Segment to Consolidated (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Segment Reporting Information [Line Items]    
Assets $ 156,494 $ 156,363
Operating Segments | Commercial Airplanes    
Segment Reporting Information [Line Items]    
Assets 85,509 84,177
Operating Segments | Defense, Space & Security    
Segment Reporting Information [Line Items]    
Assets 16,210 15,350
Operating Segments | Global Services    
Segment Reporting Information [Line Items]    
Assets 17,167 16,704
Unallocated items, eliminations and other    
Segment Reporting Information [Line Items]    
Assets $ 37,608 $ 40,132
v3.25.1
Segment and Revenue Information - Schedule of Capital Expenditures by Segment (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Segment Reporting Information [Line Items]    
Capital expenditures $ 674 $ 567
Operating Segments | Commercial Airplanes    
Segment Reporting Information [Line Items]    
Capital expenditures 106 102
Operating Segments | Defense, Space & Security    
Segment Reporting Information [Line Items]    
Capital expenditures 54 68
Operating Segments | Global Services    
Segment Reporting Information [Line Items]    
Capital expenditures 26 35
Unallocated items, eliminations and other    
Segment Reporting Information [Line Items]    
Capital expenditures $ 488 $ 362
v3.25.1
Segment and Revenue Information - Schedule of Depreciation and Amortization Expense by Segment (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Segment Reporting Information [Line Items]    
Depreciation and amortization $ 466 $ 442
Operating Segments | Commercial Airplanes    
Segment Reporting Information [Line Items]    
Depreciation and amortization 101 99
Depreciation and amortization expense, business segment allocation 82 80
Operating Segments | Defense, Space & Security    
Segment Reporting Information [Line Items]    
Depreciation and amortization 50 47
Depreciation and amortization expense, business segment allocation 68 65
Operating Segments | Global Services    
Segment Reporting Information [Line Items]    
Depreciation and amortization 73 77
Depreciation and amortization expense, business segment allocation 19 18
Unallocated items, eliminations and other    
Segment Reporting Information [Line Items]    
Depreciation and amortization 242 219
Intersegment revenues eliminated on consolidation    
Segment Reporting Information [Line Items]    
Depreciation and amortization expense, business segment allocation $ 169 $ 163
v3.25.1
Subsequent Events (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Digital Aviation Solutions | Forecast  
Subsequent Event [Line Items]  
Proceeds from divestiture of businesses $ 10,550,000