BOEING CO, 10-Q filed on 4/26/2023
Quarterly Report
v3.23.1
Cover - shares
 3 Months Ended
Mar. 31, 2023
Apr. 19, 2023
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2023  
Document Transition Report false  
Entity File Number 1-442  
Entity Registrant Name THE BOEING COMPANY  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 91-0425694  
Entity Address, Address Line One 929 Long Bridge Drive  
Entity Address, City or Town Arlington,  
Entity Address, State or Province VA  
Entity Address, Postal Zip Code 22202  
City Area Code (703)  
Local Phone Number 414-6338  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Title of 12(b) Security Common Stock, $5.00 Par Value  
Trading Symbol BA  
Security Exchange Name NYSE  
Entity Common Stock, Shares Outstanding   601,593,507
Amendment Flag false  
Document Fiscal Year Focus 2023  
Document Fiscal Period Focus Q1  
Entity Central Index Key 0000012927  
Current Fiscal Year End Date --12-31  
v3.23.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Condensed Income Statements, Captions [Line Items]    
Total revenues $ 17,921 $ 13,991
Total costs and expenses (15,998) (13,638)
Gross profit 1,923 353
Loss from operating investments, net (27) (20)
General and administrative expense (1,304) (863)
Research and development expense, net (741) (633)
Gain on dispositions, net 1
Loss from operations (149) (1,162)
Other income, net 302 181
Interest and debt expense (649) (637)
Loss before income taxes (496) (1,618)
Income tax benefit 71 376
Net loss (425) (1,242)
Less: net loss attributable to noncontrolling interest (11) (23)
Net loss attributable to Boeing Shareholders $ (414) $ (1,219)
Basic loss per share (in dollars per share) $ (0.69) $ (2.06)
Diluted loss per share (in dollars per share) $ (0.69) $ (2.06)
Weighted average diluted shares (millions) (in shares) 602.5 591.7
Sales of products    
Condensed Income Statements, Captions [Line Items]    
Total revenues $ 14,914 $ 11,427
Cost of products and services (13,553) (11,412)
Sales of services    
Condensed Income Statements, Captions [Line Items]    
Total revenues 3,007 2,564
Cost of products and services $ (2,445) $ (2,226)
v3.23.1
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Statement of Comprehensive Income [Abstract]    
Net loss $ (425) $ (1,242)
Other comprehensive income, net of tax:    
Currency translation adjustments 16 24
Derivative instruments:    
Unrealized gain arising during period, net of tax of ($5) and ($28) 18 94
Reclassification adjustment for (gains)/losses included in net loss, net of tax of $1 and ($9) (5) 35
Total unrealized gain on derivative instruments, net of tax 13 129
Defined benefit pension plans and other postretirement benefits:    
Net actuarial loss arising during the period, net of tax of $2 and $0 (7)
Amortization of actuarial (gains)/losses included in net periodic pension cost, net of tax of $0 and ($40) (2) 159
Amortization of prior service credits included in net periodic pension cost, net of tax of $6 and $6 (20) (23)
Total defined benefit pension plans and other postretirement benefits, net of tax (29) 136
Other comprehensive income, net of tax 0 289
Comprehensive loss, net of tax (425) (953)
Less: Comprehensive loss related to noncontrolling interest (11) (23)
Comprehensive loss attributable to Boeing Shareholders, net of tax $ (414) $ (930)
v3.23.1
Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Statement of Comprehensive Income [Abstract]    
Unrealized gain/(loss) arising during period, tax $ (5) $ (28)
Reclassification adjustment for (gain)/loss included in net earnings, tax 1 (9)
Net actuarial gain/(loss) arising during the period, tax 2 0
Amortization of actuarial loss included in net periodic pension cost, tax 0 (40)
Amortization of prior service credits included in net periodic pension cost, tax $ 6 $ 6
v3.23.1
Condensed Consolidated Statements of Financial Position - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 10,812 $ 14,614
Short-term and other investments 3,955 2,606
Accounts receivable, net 2,862 2,517
Unbilled receivables, net 9,689 8,634
Current portion of customer financing, net 133 154
Inventories 78,503 78,151
Other current assets, net 2,857 2,847
Total current assets 108,811 109,523
Customer financing, net 1,372 1,450
Property, plant and equipment, net of accumulated depreciation 10,493 10,550
Goodwill 8,063 8,057
Acquired intangible assets, net 2,254 2,311
Deferred income taxes 65 63
Investments 969 983
Other assets, net of accumulated amortization of $1,002 and $949 4,320 4,163
Total assets 136,347 137,100
Liabilities and equity    
Accounts payable 10,274 10,200
Accrued liabilities 20,812 21,581
Advances and progress billings 54,498 53,081
Short-term debt and current portion of long-term debt 7,926 5,190
Total current liabilities 93,510 90,052
Deferred income taxes 194 230
Accrued retiree health care 2,466 2,503
Accrued pension plan liability, net 5,998 6,141
Other long-term liabilities 2,198 2,211
Long-term debt 47,465 51,811
Total liabilities 151,831 152,948
Shareholders’ equity:    
Common stock, par value $5.00 — 1,200,000,000 shares authorized; 1,012,261,159 shares issued 5,061 5,061
Additional paid-in capital 10,298 9,947
Treasury stock, at cost — 410,984,640 and 414,671,383 shares (50,376) (50,814)
Retained earnings 29,059 29,473
Accumulated other comprehensive loss (9,550) (9,550)
Total shareholders’ deficit (15,508) (15,883)
Noncontrolling interests 24 35
Total equity (15,484) (15,848)
Total liabilities and equity $ 136,347 $ 137,100
v3.23.1
Condensed Consolidated Statements of Financial Position (Parenthetical) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Statement of Financial Position [Abstract]    
Property, plant and equipment, net of accumulated depreciation $ 21,692 $ 21,442
Other assets, net of accumulated amortization $ 1,002 $ 949
Common stock, par value (in dollars per share) $ 5.00 $ 5.00
Common stock, shares authorized (in shares) 1,200,000,000 1,200,000,000
Common stock, shares, issued (in shares) 1,012,261,159 1,012,261,159
Treasury stock, shares (in shares) 410,984,640 414,671,383
v3.23.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows – operating activities:    
Net loss $ (425) $ (1,242)
Non-cash items –     
Share-based plans expense 222 203
Treasury shares issued for 401(k) contribution 553 329
Depreciation and amortization 457 486
Investment/asset impairment charges, net 11 72
Customer financing valuation adjustments (1) 48
Gain on dispositions, net (1)
Other charges and credits, net 34 175
Changes in assets and liabilities –     
Accounts receivable (341) 237
Unbilled receivables (1,055) (356)
Advances and progress billings 1,417 (522)
Inventories (390) (1,203)
Other current assets 82 140
Accounts payable 231 (369)
Accrued liabilities (769) (594)
Income taxes receivable, payable and deferred (122) (403)
Other long-term liabilities (117) 96
Pension and other postretirement plans (244) (371)
Customer financing, net 101 18
Other 38 41
Net cash used by operating activities (318) (3,216)
Cash flows – investing activities:    
Payments to acquire property, plant and equipment (468) (349)
Proceeds from disposals of property, plant and equipment 5 8
Contributions to investments (3,561) (1,732)
Proceeds from investments 2,203 5,037
Other (2) 1
Net cash (used)/provided by investing activities (1,823) 2,965
Cash flows – financing activities:    
New borrowings 17 2
Debt repayments (1,699) (396)
Stock options exercised 44 30
Employee taxes on certain share-based payment arrangements (42) (32)
Net cash used by financing activities (1,680) (396)
Effect of exchange rate changes on cash and cash equivalents 10 (3)
Net decrease in cash & cash equivalents, including restricted (3,811) (650)
Cash & cash equivalents, including restricted, at beginning of year 14,647 8,104
Cash & cash equivalents, including restricted, at end of period 10,836 7,454
Less restricted cash & cash equivalents, included in Investments 24 [1] 45
Cash and cash equivalents at end of period $ 10,812 $ 7,409
[1] Reflects amounts restricted in support of our property sales, workers’ compensation programs, and insurance premiums.
v3.23.1
Condensed Consolidated Statements of Equity - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-In Capital
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Loss
Non- controlling Interests
Beginning balance at Dec. 31, 2021 $ (14,846) $ 5,061 $ 9,052 $ (51,861) $ 34,408 $ (11,659) $ 153
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (1,242)       (1,219)   (23)
Other comprehensive income, tax 289         289  
Share-based compensation 203   203        
Treasury shares issued for stock options exercised, net 30   (19) 49      
Treasury shares issued for other share-based plans, net (31)   (67) 36      
Treasury shares issued for 401(k) contribution 329   126 203      
Ending balance at Mar. 31, 2022 (15,268) 5,061 9,295 (51,573) 33,189 (11,370) 130
Beginning balance at Dec. 31, 2022 (15,848) 5,061 9,947 (50,814) 29,473 (9,550) 35
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (425)       (414)   (11)
Other comprehensive income, tax 0            
Share-based compensation 222   222        
Treasury shares issued for stock options exercised, net 44   (27) 71      
Treasury shares issued for other share-based plans, net (30)   (67) 37      
Treasury shares issued for 401(k) contribution 553   223 330      
Ending balance at Mar. 31, 2023 $ (15,484) $ 5,061 $ 10,298 $ (50,376) $ 29,059 $ (9,550) $ 24
v3.23.1
Condensed Consolidated Statements of Equity (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]    
Other comprehensive income (loss), tax $ 4 $ (71)
v3.23.1
Summary of Business Segment Data
 3 Months Ended
Mar. 31, 2023
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Summary of Business Segment Data
The Boeing Company and Subsidiaries
Notes to Condensed Consolidated Financial Statements
Summary of Business Segment Data
(Unaudited)
(Dollars in millions)Three months ended March 31
20232022
Revenues:
Commercial Airplanes$6,704 $4,194 
Defense, Space & Security6,539 5,483 
Global Services4,720 4,314 
Unallocated items, eliminations and other(42) 
Total revenues$17,921 $13,991 
Loss from operations:
Commercial Airplanes($615)($897)
Defense, Space & Security(212)(929)
Global Services847 632 
Segment operating earnings/(loss)20 (1,194)
Unallocated items, eliminations and other(460)(251)
FAS/CAS service cost adjustment291 283 
Loss from operations(149)(1,162)
Other income, net302 181 
Interest and debt expense(649)(637)
Loss before income taxes(496)(1,618)
Income tax benefit71 376 
Net loss(425)(1,242)
Less: net loss attributable to noncontrolling interest(11)(23)
Net loss attributable to Boeing Shareholders($414)($1,219)
This information is an integral part of the Notes to the Condensed Consolidated Financial Statements. See Note 17 for further segment results.
v3.23.1
Basis of Presentation
 3 Months Ended
Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation Basis of Presentation
The condensed consolidated interim financial statements included in this report have been prepared by management of The Boeing Company (herein referred to as “Boeing”, the “Company”, “we”, “us”, or “our”). In the opinion of management, all adjustments (consisting of normal recurring accruals) necessary for a fair presentation are reflected in the interim financial statements. The results of operations for the period ended March 31, 2023 are not necessarily indicative of the operating results for the full year. The interim financial statements should be read in conjunction with the audited Consolidated Financial Statements, including the notes thereto, included in our 2022 Annual Report on Form 10-K. As discussed further in Note 17, prior period amounts have been reclassified to conform to current period presentation.
Use of Estimates
The preparation of financial statements in conformity with U.S. Generally Accepted Accounting Principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Long-term Contracts
Changes in estimated revenues, cost of sales, and the related effect on operating income are recognized using a cumulative catch-up adjustment which recognizes in the current period the cumulative effect of the changes on current and prior periods based on a long-term contract’s percentage-of-completion. When the current estimates of total sales and costs for a long-term contract, and/or contractual options that are probable of exercise, indicate a loss, a provision for the entire loss is recognized.
Net cumulative catch-up adjustments to prior periods' revenue and earnings, including certain losses, across all long-term contracts were as follows:
(In millions - except per share amounts)Three months ended March 31
20232022
Decrease to Revenue($312)($612)
Increase to Loss from operations($518)($1,130)
Decrease to Diluted EPS($0.74)($1.47)
v3.23.1
Earnings Per Share
 3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic and diluted earnings per share are computed using the two-class method, which is an earnings allocation method that determines earnings per share for common shares and participating securities. The undistributed earnings are allocated between common shares and participating securities as if all earnings had been distributed during the period. Participating securities and common shares have equal rights to undistributed earnings.
Basic earnings per share is calculated by taking net earnings, less earnings available to participating securities, divided by the basic weighted average common shares outstanding.
Diluted earnings per share is calculated by taking net earnings, less earnings available to participating securities, divided by the diluted weighted average common shares outstanding.
The elements used in the computation of basic and diluted loss per share were as follows:
(In millions - except per share amounts)Three months ended March 31
20232022
Net loss available to common shareholders($414)($1,219)
Basic
Basic weighted average shares outstanding
602.5 591.7 
Less: participating securities(1)
0.3 0.3 
Basic weighted average common shares outstanding
602.2 591.4 
Diluted
Diluted weighted average shares outstanding
602.5 591.7 
Less: participating securities(1)
0.3 0.3 
Diluted weighted average common shares outstanding
602.2 591.4 
Net loss per share:
Basic
($0.69)($2.06)
Diluted
(0.69)(2.06)
(1)Participating securities include certain instruments in our deferred compensation plan.
(2)Diluted loss per share includes any dilutive impact of stock options, restricted stock units,
performance-based restricted stock units and performance awards.
The following table represents potential common shares that were not included in the computation of diluted loss 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
20232022
Performance awards 1.6 
Performance-based restricted stock units 0.4 
Restricted stock units0.1 0.4 
Stock options0.8 0.6 
In addition, 5.3 million and 3.6 million potential common shares were excluded from the computation of diluted loss per share for the three months ended March 31, 2023 and 2022, respectively, because the effect would have been antidilutive as a result of incurring a net loss in those periods.
v3.23.1
Income Taxes
 3 Months Ended
Mar. 31, 2023
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
We compute our interim tax provision using an estimated annual effective tax rate, adjusted for discrete items. Our 2023 estimated annual effective tax rate primarily reflects the 21% federal tax rate, the impact of taxation upon foreign operations, and a forecasted increase to the valuation allowance, which is partially offset by research and development tax credits. Our actual effective tax rates were 14.3% and 23.2% for the three months ended March 31, 2023 and 2022. The effective tax rate for the three months ended March 31, 2023 included an additional increase in the valuation allowance treated as a discrete tax expense.
As of December 31, 2022, the Company had recorded valuation allowances of $3,162 primarily for certain federal deferred tax assets, as well as for certain federal and state net operating loss and tax credit carryforwards. To measure the valuation allowance, the Company estimated in what year each of     its deferred tax assets and liabilities would reverse using systematic and logical methods to estimate the
reversal patterns. Based on these methods, deferred tax liabilities are assumed to reverse and generate taxable income over the next 5 to 10 years while deferred tax assets related to pension and other postretirement benefit obligations are assumed to reverse and generate tax deductions over the next 15 to 20 years. The valuation allowance primarily results from not having sufficient income from deferred tax liability reversals in the appropriate future periods to support the realization of deferred tax assets.
Federal income tax audits have been settled for all years prior to 2018. The Internal Revenue Service is currently auditing the 2018-2020 tax years. We are also subject to examination in major state and international jurisdictions for the 2008-2021 tax years. We believe appropriate provisions for all outstanding tax issues have been made for all jurisdictions and all open years.
Audit outcomes and the timing of audit settlements are subject to significant uncertainty. It is reasonably possible that within the next 12 months, unrecognized tax benefits related to federal tax matters under audit may decrease by up to $620 based on current estimates.
v3.23.1
Allowances for Losses on Financial Assets
 3 Months Ended
Mar. 31, 2023
Allowance for Losses on Financial Assets [Abstract]  
Allowances for Losses on Financial Assets Allowances for Losses on Financial Assets
The changes in allowances for expected credit losses for the three months ended March 31, 2023 and 2022 consisted of the following:
Accounts receivable Unbilled receivablesOther current assetsCustomer financingOther assetsTotal
Balance at January 1, 2022($390)($91)($62)($18)($186)($747)
Changes in estimates(7)15 5 (48)(22)(57)
Write-offs6 6 
Recoveries1 1 
Balance at March 31, 2022
($390)($76)($57)($66)($208)($797)
Balance at January 1, 2023($116)($23)($85)($55)($88)($367)
Changes in estimates1 1 8 (4)6 
Write-offs3 1 4 
Recoveries1 1 
Balance at March 31, 2023
($111)($22)($76)($55)($92)($356)
v3.23.1
Inventories
 3 Months Ended
Mar. 31, 2023
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories consisted of the following:
March 31
2023		December 31
2022
Long-term contracts in progress$428 $582 
Commercial aircraft programs68,051 67,702 
Capitalized precontract costs(1)
794 794 
Commercial spare parts, used aircraft, general stock materials and other
9,230 9,073 
Total$78,503 $78,151 
(1) Capitalized precontract costs at March 31, 2023 and December 31, 2022 includes amounts related to KC-46A Tanker, Commercial Crew, and T-7 Production Options. See Note 9.
Commercial Aircraft Programs
Commercial aircraft programs inventory includes approximately 225 737 aircraft and 95 787 aircraft at March 31, 2023 as compared with approximately 250 737 MAX aircraft and 100 787 aircraft at December 31, 2022.
At March 31, 2023 and December 31, 2022, commercial aircraft programs inventory included the following amounts related to the 737 program: deferred production costs of $3,913 and $2,955 and unamortized tooling and other non-recurring costs of $606 and $626. At March 31, 2023, $4,493 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 $26 is expected to be recovered from units included in the program accounting quantity that represent expected future orders.
At March 31, 2023 and December 31, 2022, commercial aircraft programs inventory included the following amounts related to the 777X program: $4,154 and $4,059 of work in process, $1,310 and $1,330 of deferred production costs, and $3,820 and $3,774 of unamortized tooling and other non-recurring costs. In April 2022, we decided to pause production of the 777X-9 during 2022 and 2023. The production pause is resulting in abnormal production costs that are being expensed as incurred until 777X-9 production resumes. We expensed abnormal production costs of $126 during the three months ended March 31, 2023. The 777X program has near break-even margins at March 31, 2023.
At March 31, 2023 and December 31, 2022, commercial aircraft programs inventory included the following amounts related to the 787 program: deferred production costs of $12,416 and $12,689, $1,821 and $1,831 of supplier advances, and $1,711 and $1,722 of unamortized tooling and other non-recurring costs. At March 31, 2023, $10,211 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 $3,916 is expected to be recovered from units included in the program accounting quantity that represent expected future orders. We are currently producing at abnormally low rates resulting in abnormal production costs that are being expensed as incurred. We expensed abnormal production costs of $379 and $312 during the three months ended March 31, 2023 and 2022.
Commercial aircraft programs inventory included amounts credited in cash or other consideration (early issue sales consideration) to airline customers totaling $3,559 and $3,586 at March 31, 2023 and December 31, 2022.
v3.23.1
Contracts with Customers
 3 Months Ended
Mar. 31, 2023
Revenue from Contract with Customer [Abstract]  
Contracts with Customers Contracts with Customers
Unbilled receivables increased from $8,634 at December 31, 2022 to $9,689 at March 31, 2023, primarily driven by revenue recognized at Defense, Space & Security (BDS) and Global Services (BGS) in excess of billings.
Advances and progress billings increased from $53,081 at December 31, 2022 to $54,498 at March 31, 2023, primarily driven by advances on orders received at Commercial Airplanes (BCA) and BDS.
Revenues recognized during the three months ended March 31, 2023 and 2022 from amounts recorded as Advances and progress billings at the beginning of each year were $3,881 and $3,401.
v3.23.1
Customer Financing
 3 Months Ended
Mar. 31, 2023
Customer Financing [Abstract]  
Customer Financing Customer Financing
Customer financing consisted of the following:
March 31
2023		December 31
2022
Financing receivables:
Investment in sales-type/finance leases$779 $804 
Notes370 385 
Total financing receivables
1,149 1,189 
Less allowance for losses on receivables55 55 
Financing receivables, net1,094 1,134 
Operating lease equipment, at cost, less accumulated depreciation of $79 and $76
411 470 
Total$1,505 $1,604 
Financing arrangements typically range in terms from 1 to 12 years and may include options to extend or terminate. Certain leases include provisions to allow the lessee to purchase the underlying aircraft at a specified price.
At March 31, 2023 and December 31, 2022, $405 and $405 were determined to be uncollectible financing receivables and placed on non-accrual status. The allowance for losses on receivables remained largely unchanged during the three months ended March 31, 2023.
Our financing receivable balances at March 31, 2023 by internal credit rating category and year of origination consisted of the following:
Rating categoriesCurrent2022202120202019PriorTotal
BBB$47 $47 
BB$28 $34 $214 $110 $39 57 482 
B$18 197 215 
CCC35 370 405 
Total carrying value of financing receivables$28 $34 $249 $110 $57 $671 $1,149 
At March 31, 2023, our allowance for losses related to receivables with ratings of CCC, B, BB, and BBB. We applied default rates that averaged 100.0%, 2.2%, 2.9%, and 0.1%, respectively, to the exposure associated with those receivables.
Customer Financing Exposure
The majority of our gross customer financing portfolio is concentrated in the following aircraft models:
March 31
2023		December 31
2022
717 Aircraft ($11 and $45 accounted for as operating leases)
$510 $563 
747-8 Aircraft (accounted for as sales-type/finance leases)394 394 
737 Aircraft ($172 and $174 accounted for as operating leases)
183 186 
777 Aircraft (accounted for as operating leases)205 209 
MD-80 Aircraft (accounted for as sales-type/finance leases)95 96 
757 Aircraft (accounted for as sales-type/finance leases)103 107 
747-400 Aircraft (accounted for as sales-type/finance leases)45 46 
Operating lease equipment primarily includes large commercial jet aircraft.
Lease income recorded in revenue on the Condensed Consolidated Statements of Operations for the three months ended March 31, 2023 and 2022 included $15 and $18 from sales-type/finance leases, and $11 and $15 from operating leases, of which $0 and $4 related to variable operating lease payments. Profit at the commencement of sales-type leases was recorded in revenue for the three months ended March 31, 2023 and 2022 in the amount of $12 and $4. Customer financing interest income received was $4 and $3 for the three months ended March 31, 2023 and 2022.
v3.23.1
Investments
 3 Months Ended
Mar. 31, 2023
Investments [Abstract]  
Investments Investments
Our investments, which are recorded in Short-term and other investments or Investments, consisted of the following:
March 31
2023		December 31
2022
Equity method investments (1)
$936 $948 
Time deposits3,436 2,093 
Available for sale debt instruments493 479 
Equity and other investments35 36 
Restricted cash & cash equivalents(2)
24 33 
Total$4,924 $3,589 
(1)Dividends received were $0 and $27 during the three months ended March 31, 2023 and 2022.
(2)Reflects amounts restricted in support of our property sales, workers’ compensation programs, and insurance premiums.
Allowance for losses on available for sale debt instruments are assessed quarterly. All instruments are considered investment grade and we have not recognized an allowance for credit losses as of March 31, 2023.
v3.23.1
Liabilities, Commitments and Contingencies
 3 Months Ended
Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Liabilities, Commitments and Contingencies Liabilities, Commitments and Contingencies
737 MAX Customer Concessions and Other Considerations
The following table summarizes changes in the 737 MAX customer concessions and other considerations liability during the three months ended March 31, 2023 and 2022.
20232022
Beginning balance – January 1$1,864 $2,940 
Reductions for payments made(141)(550)
Reductions for concessions and other in-kind considerations (5)
Changes in estimates 34 
Ending balance – March 31$1,723 $2,419 
The liability balance of $1.7 billion at March 31, 2023 includes $1.4 billion of contracted customer concessions and other liabilities and $0.3 billion that remains subject to negotiation with customers. The contracted amount includes $0.7 billion expected to be liquidated by lower customer delivery payments, $0.6 billion expected to be paid in cash and $0.1 billion in other concessions. Of the cash payments to customers, we expect to pay $0.1 billion in 2023 and the remaining $0.5 billion in future years. The type of consideration to be provided for the remaining $0.3 billion will depend on the outcomes of negotiations with customers.
Environmental
The following table summarizes changes in environmental remediation liabilities during the three months ended March 31, 2023 and 2022.
20232022
Beginning balance – January 1$752 $605 
Reductions for payments made, net of recoveries(10) 
Changes in estimates46 48 
Ending balance – March 31$788 $653 
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, 2023 and December 31, 2022, the high end of the estimated range of reasonably possible remediation costs exceeded our recorded liabilities by $1,043 and $1,058.
Product Warranties
The following table summarizes changes in product warranty liabilities recorded during the three months ended March 31, 2023 and 2022.
20232022
Beginning balance – January 1$2,275 $1,900 
Additions for current year deliveries47 35 
Reductions for payments made(116)(118)
Changes in estimates(31)149 
Ending balance – March 31$2,175 $1,966 
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, 2023 have expiration dates from 2023 through 2029. At March 31, 2023 and December 31, 2022 total contractual trade-in commitments were $1,328 and $1,117. As of March 31, 2023 and December 31, 2022, we estimated that it was probable we would be obligated to perform on certain of these commitments with net amounts payable to customers totaling $283 and $286 and the fair value of the related trade-in aircraft was $283 and $286.
Financing Commitments
Financing commitments related to aircraft on order, including options and those proposed in sales campaigns, and refinancing of delivered aircraft, totaled $15,328 and $16,105 as of March 31, 2023 and December 31, 2022. The estimated earliest potential funding dates for these commitments as of March 31, 2023 are as follows:

Total
April through December 2023
$1,461 
20242,759 
20253,558 
20262,484 
20272,116 
Thereafter2,950 
$15,328 
As of March 31, 2023, all of these financing commitments relate to customers we believe have less than investment-grade credit. We have concluded that no reserve for future potential losses is required for these financing commitments based upon the terms, such as collateralization and interest rates, under which funding would be provided.
Other Financial Commitments
We have financial commitments to make additional capital contributions totaling $299 to certain joint ventures over the next five years.
Standby Letters of Credit and Surety Bonds
We have entered into standby letters of credit and surety bonds with financial institutions primarily relating to the guarantee of our future performance on certain contracts and security agreements. Contingent liabilities on outstanding letters of credit agreements and surety bonds aggregated approximately $5,062 and $5,070 as of March 31, 2023 and December 31, 2022.
Supply Chain Financing Programs
The Company has supply chain financing programs in place under which participating suppliers may elect to obtain payment from an intermediary. The Company confirms the validity of invoices from participating suppliers and agrees to pay the intermediary an amount based on invoice totals. The majority of amounts payable under these programs are due within 30 to 90 days but may extend up to 12 months. At March 31, 2023 and December 31, 2022, Accounts payable included $2.6 billion and $2.5 billion payable to suppliers who have elected to participate in these programs. We do not believe that future changes in the availability of supply chain financing will have a significant impact on our liquidity.
Recoverable Costs on Government Contracts
Our final incurred costs for each year are subject to audit and review for allowability by the U.S. government, which can result in payment demands related to costs they believe should be disallowed. We work with the U.S. government to assess the merits of claims and where appropriate reserve for amounts disputed. If we are unable to satisfactorily resolve disputed costs, we could be required to record an earnings charge and/or provide refunds to the U.S. government.
Fixed-Price Contracts
Substantially all contracts at our BDS segment and certain contracts at our BGS segment are long-term contracts with the U.S. government and other customers that generally extend over several years. Long-term contracts that are contracted on a fixed-price basis could result in losses in future periods. Certain of the fixed-price contracts are for the development of new products, services and related technologies. This development work scope is inherently uncertain and subject to significant variability in estimates of the cost and time required to complete the work by us and our suppliers. The operational and technical complexities of fixed-price development contracts create financial risk, which could trigger additional earnings charges, termination provisions, order cancellations, or other financially significant exposure.
VC-25B Presidential Aircraft
The Company’s firm fixed-price contract for the Engineering, Manufacturing, and Development (EMD) effort on the U.S. Air Force’s (USAF) VC-25B Presidential Aircraft, commonly known as Air Force One, is a $4.3 billion program to develop and modify two 747-8 commercial aircraft. During the year ended December 31, 2022, we increased the reach-forward loss on the contract by $1,452. Risk remains that we may record additional losses in future periods.
KC-46A Tanker
In 2011, we were awarded a contract from the USAF to design, develop, manufacture, and deliver four next generation aerial refueling tankers as well as priced options for 13 annual production lots totaling 179 aircraft. Since 2016, the USAF has authorized nine low rate initial production (LRIP) lots for a total of 124 aircraft. The EMD contract and authorized LRIP lots total approximately $24 billion as of March 31, 2023. As of March 31, 2023, we had approximately $166 of capitalized precontract costs and $95 of potential termination liabilities to suppliers related to unexercised future lots. During the year ended December 31, 2022, we increased the reach-forward loss on the KC-46A Tanker program by $1,374. During the three months ended March 31, 2023, we increased the reach-forward loss on the KC-46A Tanker program by $245 resulting from factory disruption and additional rework due to a supplier quality issue. Risk remains that we may record additional losses in future periods.
MQ-25
In the third quarter of 2018, we were awarded the MQ-25 EMD contract by the U.S. Navy. The contract is a fixed-price contract that now includes development and delivery of seven aircraft and test articles at a contract price of $890. During the year ended December 31, 2022, we increased the MQ-25 reach-forward loss by $579. Risk remains that we may record additional losses in future periods.
T-7A Red Hawk EMD Contract & Production Options
In 2018, we were awarded the T-7A Red Hawk program. The EMD portion of the contract is a $860 fixed-price contract and includes five aircraft and seven simulators. During the year ended December 31, 2022, we recorded earnings charges of $203 related to the T-7A Red Hawk fixed-price EMD contract, which had a reach-forward loss at December 31, 2022. We continue to expect EMD aircraft flight testing to start in 2023. The production portion of the contract includes 11 production lots for aircraft and related services for 346 T-7A Red Hawk aircraft that we believe are probable of being exercised. We continue to expect the first production and support contract option to be exercised in 2024. We increased the estimated reach-forward loss by $552 during the year ended December 31, 2022 primarily driven by ongoing supply chain negotiations. At March 31, 2023, we had approximately $75 of capitalized precontract costs and $339 of potential termination liabilities to suppliers related to future production lots. Risk remains that we may record additional losses in future periods.
Commercial Crew
National Aeronautics and Space Administration (NASA) has contracted us to design and build the CST-100 Starliner spacecraft to transport crews to the International Space Station. During the second quarter of 2022 we successfully completed the uncrewed Orbital Flight Test. A crewed flight test is now
planned for July 2023. During the year ended December 31, 2022, we increased the reach-forward loss by $288. At March 31, 2023, we had approximately $188 of capitalized precontract costs and $199 of potential termination liabilities to suppliers related to unauthorized future missions. Risk remains that we may record additional losses in future periods.
v3.23.1
Arrangements with Off-Balance Sheet Risk
 3 Months Ended
Mar. 31, 2023
Guarantees [Abstract]  
Arrangements with Off-Balance Sheet Risk Arrangements with Off-Balance Sheet Risk
We enter into arrangements with off-balance sheet risk in the normal course of business, primarily in the form of guarantees.
The following table provides quantitative data regarding our third party guarantees. The maximum potential payments represent a “worst-case scenario” and do not necessarily reflect amounts that we expect to pay. The carrying amount of liabilities represents the amount included in Accrued liabilities.
Maximum
Potential Payments		Estimated Proceeds from
Collateral/Recourse		Carrying Amount of
 Liabilities
March 31
2023		December 31
2022		March 31
2023		December 31
2022		March 31
2023		December 31
2022
Contingent repurchase commitments
$514 $514 $514 $514 
Credit guarantees
45 45  $27 $27 
Contingent Repurchase Commitments In conjunction with signing a definitive agreement for the sale of commercial aircraft, we have entered into contingent repurchase commitments with certain customers wherein we agree to repurchase the sold aircraft at a specified price, generally 10 to 15 years after delivery. Our repurchase of the aircraft is contingent upon entering into a mutually acceptable agreement for the sale of additional new aircraft in the future. The commercial aircraft repurchase price specified in contingent repurchase commitments is generally lower than the expected fair value at the specified repurchase date. Estimated proceeds from collateral/recourse in the table above represent the lower of the contracted repurchase price or the expected fair value of each aircraft at the specified repurchase date.
If a future sale agreement is reached and a customer elects to exercise its right under a contingent repurchase commitment, the contingent repurchase commitment becomes a trade-in commitment. Our historical experience is that contingent repurchase commitments infrequently become trade-in commitments.
Credit Guarantees We have issued credit guarantees where we are obligated to make payments to a guaranteed party in the event that the original lessee or debtor does not make payments or perform certain specified services. Generally, these guarantees have been extended on behalf of guaranteed parties with less than investment-grade credit and are collateralized by certain assets. We record a liability for the fair value of guarantees and the expected contingent loss amount, which is reviewed quarterly. Current outstanding credit guarantees expire through 2036.
Other Indemnifications In conjunction with our sales of Electron Dynamic Devices, Inc. and Rocketdyne Propulsion and Power businesses and our BCA facilities in Wichita, Kansas and Tulsa and McAlester, Oklahoma, we agreed to indemnify, for an indefinite period, the buyers for costs relating to pre-closing environmental conditions and certain other items. We are unable to assess the potential number of future claims that may be asserted under these indemnifications, nor the amounts thereof (if any). As a result, we cannot estimate the maximum potential amount of future payments under these indemnities. To the extent that claims have been made under these indemnities and/or are probable and reasonably estimable, liabilities associated with these indemnities are included in the environmental liability disclosure in Note 9.
v3.23.1
Postretirement Plans
 3 Months Ended
Mar. 31, 2023
Retirement Benefits [Abstract]  
Postretirement Plans Postretirement Plans
The components of net periodic benefit (income)/cost for the three months ended March 31 were as follows:
PensionPostretirement
2023202220232022
Service cost$1 $1 $12 $18 
Interest cost705 520 37 24 
Expected return on plan assets(861)(947)(2)(2)
Amortization of prior service credits(20)(20)(6)(9)
Recognized net actuarial loss/(gain)42 227 (44)(28)
Net periodic benefit (income)/cost($133)($219)($3)$3 
Net periodic benefit cost included in Loss from operations$1 $1 $15 $19 
Net periodic benefit (income)/cost included in Other income, net(134)(220)(15)(15)
Net periodic benefit (income)/cost included in Loss before income taxes($133)($219)$0 $4 
v3.23.1
Share-Based Compensation and Other Compensation Arrangements
 3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation and Other Compensation Arrangements Share-Based Compensation and Other Compensation Arrangements
Restricted Stock Units
On February 16, 2023, we granted 327,523 restricted stock units (RSU) to our executives as part of our long-term incentive program. The RSUs granted under this program have a grant date fair value of $214.35 per unit. The RSUs granted under this program will generally vest and settle in common stock (on a one-for-one basis) on the third anniversary of the grant date. If an executive terminates employment because of retirement, layoff, disability, or death, the executive (or beneficiary) may receive some or all of their stock units depending on certain age and service conditions. In all other cases, the RSUs will not vest and all rights to the stock units will terminate.
Performance Restricted Stock Units
On February 16, 2023, we granted 195,526 performance restricted stock units (PRSU) to our elected executive officers as part of our long-term incentive program. The PRSUs granted under this program have a grant date fair value of $214.35 per unit. The award payout can range from 0% to 200% of the initial PRSU grant based on cumulative free cash flow achievement over the period January 1, 2023 through December 31, 2025 as compared to goals set at the start of the performance period. The PRSU granted under this program will vest at the payout amount and settle in common stock (on a one-for-one basis) on the third anniversary of the grant date. If an executive terminates employment because of retirement, layoff, disability, or death, the executive (or beneficiary) remains eligible under the award and, if the award is earned, may receive some or all of their stock units depending on certain age and service conditions. In all other cases, the PRSUs will not vest and all rights to the stock units will terminate.
v3.23.1
Shareholders' Equity
 3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Shareholders' Equity Shareholders' Equity
Accumulated Other Comprehensive Loss
Changes in Accumulated other comprehensive loss (AOCI) by component for the three months ended March 31, 2023 and 2022 were as follows:
Currency Translation AdjustmentsUnrealized Gains and Losses on Certain InvestmentsUnrealized Gains and Losses on Derivative InstrumentsDefined Benefit Pension Plans & Other Postretirement Benefits
Total (1)
Balance at January 1, 2022($105)$1 $6 ($11,561)($11,659)
Other comprehensive income before reclassifications24 94 118 
Amounts reclassified from AOCI
35 
(3)
136 
(2)
171 
Net current period Other comprehensive income24 129 136 289 
Balance at March 31, 2022($81)$1 $135 ($11,425)($11,370)
Balance at January 1, 2023($167)($24)($9,359)($9,550)
Other comprehensive income/(loss) before reclassifications16 18 (7)27 
Amounts reclassified from AOCI
(5)(22)

(27)
Net current period Other comprehensive income/(loss)16 13 (29)0 
Balance at March 31, 2023($151) ($11)($9,388)($9,550)
(1)     Net of tax.
(2)    Primarily relates to amortization of actuarial losses for the three months ended March 31, 2022 totaling $159 (net of tax of ($40)), which is included in the net periodic pension cost.
(3)    Includes losses of $39 (net of tax of ($11)) from cash flow hedges reclassified to Other income, net because the forecasted transactions are probable of not occurring.
v3.23.1
Derivative Financial Instruments
 3 Months Ended
Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
Cash Flow Hedges
Our cash flow hedges include foreign currency forward contracts, commodity swaps and commodity purchase contracts. We use foreign currency forward contracts to manage currency risk associated with certain transactions, specifically forecasted sales and purchases made in foreign currencies. Our foreign currency contracts hedge forecasted transactions through 2031. We use commodity derivatives, such as fixed-price purchase commitments and swaps to hedge against potentially unfavorable price changes for commodities used in production. Our commodity contracts hedge forecasted transactions through 2029.
Derivative Instruments Not Receiving Hedge Accounting Treatment
We have entered into agreements to purchase and sell aluminum to address long-term strategic sourcing objectives and non-U.S. business requirements. These agreements are derivative instruments for accounting purposes. The quantities of aluminum in these agreements offset and are priced at prevailing market prices. We also hold certain foreign currency forward contracts and commodity swaps which do not qualify for hedge accounting treatment.
Notional Amounts and Fair Values
The notional amounts and fair values of derivative instruments in the Condensed Consolidated Statements of Financial Position were as follows:
Notional amounts (1)
Other assetsAccrued liabilities
March 31
2023		December 31
2022		March 31
2023		December 31
2022		March 31
2023		December 31
2022
Derivatives designated as hedging instruments:
Foreign exchange contracts$2,812 $2,815 $31 $23 ($100)($122)
Commodity contracts625 602 117 115 (7)(9)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts354 462 5 5 (40)(42)
Commodity contracts264 412 2  (1)
Total derivatives$4,055 $4,291 $153 $145 ($147)($174)
Netting arrangements(36)(33)36 33 
Net recorded balance$117 $112 ($111)($141)
(1)Notional amounts represent the gross contract/notional amount of the derivatives outstanding.
Gains/(losses) associated with our hedging transactions and forward points recognized in Other comprehensive income are presented in the following table:
Three months ended March 31

20232022
Recognized in Other comprehensive income/(loss), net of taxes:
Foreign exchange contracts$10 ($8)
Commodity contracts8 102 
Gains/(losses) associated with our hedging transactions and forward points reclassified from AOCI to earnings are presented in the following table:
Three months ended March 31
20232022
Foreign exchange contracts
Costs and expenses(2)$5 
General and administrative expense(11)(1)
Commodity contracts
Costs and expenses17 1 
General and administrative expense2 1 
During the three months ended March 31, 2022, we reclassified losses associated with certain cash flow hedges of $50 from AOCI to Other income, net because it was probable the forecasted transactions would not occur. Losses related to undesignated derivatives on foreign exchange and commodity cash flow hedging transactions recognized in Other income, net were insignificant for the three months ended March 31, 2023 and 2022.
Based on our portfolio of cash flow hedges, we expect to reclassify losses of $8 (pre-tax) out of Accumulated other comprehensive loss into earnings during the next 12 months.
We have derivative instruments with credit-risk-related contingent features. If we default on our five-year credit facility, our derivative counterparties could require settlement for foreign exchange and certain
commodity contracts with original maturities of at least five years. The fair value of those contracts in a net liability position at March 31, 2023 was $29. For other particular commodity contracts, our counterparties could require collateral posted in an amount determined by our credit ratings. At March 31, 2023, there was no collateral posted related to our derivatives.
v3.23.1
Fair Value Measurements
 3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value. Level 1 refers to fair values determined based on quoted prices in active markets for identical assets. Level 2 refers to fair values estimated using significant other observable inputs and Level 3 includes fair values estimated using significant unobservable inputs. The following table presents our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy.
March 31, 2023December 31, 2022
TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Assets
Money market funds$2,014 $2,014 $1,797 $1,797 
Available-for-sale debt investments:
Commercial paper251 $251 256 $256 
Corporate notes167 167 195 195 
U.S. government agencies79 7947 47 
Other equity investments8 8 10 10 
Derivatives117 117 112 112 
Total assets$2,636 $2,022 $614  $2,417 $1,807 $610  
Liabilities
Derivatives($111)($111)($141)($141)
Other(2)($2)
Total liabilities($113) ($111)($2)($141)($141)
Money market funds, available-for-sale debt investments and equity securities are valued using a market approach based on the quoted market prices or broker/dealer quotes of identical or comparable instruments.
Derivatives include foreign currency and commodity contracts. Our foreign currency forward contracts are valued using an income approach based on the present value of the forward rate less the contract rate multiplied by the notional amount. Commodity derivatives are valued using an income approach based on the present value of the commodity index prices less the contract rate multiplied by the notional amount.
Certain assets have been measured at fair value on a nonrecurring basis using significant unobservable inputs (Level 3). The following table presents the nonrecurring losses recognized for the three months ended March 31 due to long-lived asset impairment and the fair value and asset classification of the related assets as of the impairment date:
20232022
Fair ValueTotal
Losses		Fair ValueTotal
Losses
Investments ($11)($31)
Customer financing assets
 $44 (2)
Property, plant and equipment  (19)
Other Assets and Acquired intangible assets 1 (20)
Total ($11)$45 ($72)
Investments, Property, plant and equipment, Other assets and Acquired intangible assets were primarily valued using an income approach based on the discounted cash flows associated with the underlying assets. The fair value of the impaired customer financing assets includes operating lease equipment and investments in sales type-leases/finance leases and is derived by calculating a median collateral value from a consistent group of third party aircraft value publications. The values provided by the third party aircraft publications are derived from their knowledge of market trades and other market factors. Management reviews the publications quarterly to assess the continued appropriateness and consistency with market trends. Under certain circumstances, we adjust values based on the attributes and condition of the specific aircraft or equipment, usually when the features or use of the aircraft vary significantly from the more generic aircraft attributes covered by third party publications, or on the expected net sales price for the aircraft.
Fair Value Disclosures
The fair values and related carrying values of financial instruments that are not required to be remeasured at fair value on the Condensed Consolidated Statements of Financial Position were as follows:
March 31, 2023
Carrying
Amount		Total Fair
Value		Level 1Level 2Level 3
Assets
Notes receivable, net$370 $391 $391 
Liabilities
Debt, excluding finance lease obligations (55,175)(53,257)(53,257)
December 31, 2022
Carrying
Amount		Total Fair
Value		Level 1Level 2Level 3
Assets
Notes receivable, net$385 $403 $403 
Liabilities
Debt, excluding finance lease obligations (56,794)(52,856)(52,856)
The fair values of notes receivable are estimated with discounted cash flow analysis using interest rates currently offered on loans with similar terms to borrowers of similar credit quality. The fair value of our debt that is traded in the secondary market is classified as Level 2 and is based on current market yields. For our debt that is not traded in the secondary market, the fair value is classified as Level 2 and is based on our indicative borrowing cost derived from dealer quotes or discounted cash flows. The fair values of our debt classified as Level 3 are based on discounted cash flow models using the implied yield from similar securities. With regard to other financial instruments with off-balance sheet risk, it is not practicable
to estimate the fair value of our indemnifications and financing commitments because the amount and timing of those arrangements are uncertain. Items not included in the above disclosures include cash, restricted cash, time deposits and other deposits, commercial paper, money market funds, Accounts receivable, Unbilled receivables, Other current assets, Accounts payable and long-term payables. The carrying values of those items, as reflected in the Condensed Consolidated Statements of Financial Position, approximate their fair value at March 31, 2023 and December 31, 2022. The fair value of assets and liabilities whose carrying value approximates fair value is determined using Level 2 inputs, with the exception of cash (Level 1).
v3.23.1
Legal Proceedings
 3 Months Ended
Mar. 31, 2023
Legal Proceedings [Abstract]  
Legal Proceedings Legal Proceedings
Various legal proceedings, claims and investigations related to products, contracts, employment and other matters are pending against us.
In addition, we are subject to various U.S. government inquiries and investigations from which civil, criminal or administrative proceedings could result or have resulted in the past. Such proceedings involve or could involve claims by the government for fines, penalties, compensatory and treble damages, restitution and/or forfeitures. Under government regulations, a company, or one or more of its operating divisions or subdivisions, can also be suspended or debarred from government contracts, or lose its export privileges, based on the results of investigations. Except as described below, we believe, based upon current information, that the outcome of any such legal proceeding, claim, or government dispute and investigation will not have a material effect on our financial position, results of operations or cash flows. Where it is reasonably possible that we will incur losses in excess of recorded amounts in connection with any of the matters set forth below, we will disclose either the amount or range of reasonably possible losses in excess of such amounts or, where no such amount or range can be reasonably estimated, the reasons why no such estimate can be made.
Multiple legal actions have been filed against us as a result of the October 29, 2018 accident of Lion Air Flight 610 and the March 10, 2019 accident of Ethiopian Airlines Flight 302. In January 2021, we entered into a Deferred Prosecution Agreement with the U.S. Department of Justice that resolved the Department’s investigation into matters concerning the 737 MAX. We remain subject to obligations under this three-year agreement, including reporting requirements and ongoing oversight by the Department of Justice of the Company’s compliance program. While we have resolved a number of other investigations and cases related to the 737 MAX, we cannot reasonably estimate a range of loss, if any, not covered by available insurance that we may incur as a result of the remaining pending lawsuits or other matters related to the accidents and the 737 MAX.
During 2019, we entered into agreements with Embraer S.A. (Embraer) to establish joint ventures that included the commercial aircraft and services operations of Embraer, of which we were expected to acquire an 80 percent ownership stake for $4,200, as well as a joint venture to promote and develop new markets for the C-390 Millennium. In 2020, we exercised our contractual right to terminate these agreements based on Embraer’s failure to meet certain required closing conditions. Embraer has disputed our right to terminate the agreements, and the dispute is currently in arbitration. We cannot reasonably estimate a range of loss, if any, that may result from the arbitration, which we currently expect to be completed in late 2023 or early 2024.
v3.23.1
Segment and Revenue Information
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Segment and Revenue Information Segment and Revenue Information
Segment results reflect the realignment of the Boeing Customer Financing team and portfolio into the BCA segment during the first quarter of 2023. Interest and debt expense now includes interest and debt expense previously attributable to Boeing Capital and classified as a component of Total Costs and Expenses ("Cost of Sales"). Prior period amounts have been reclassified to conform to the current period presentation.
Our primary profitability measurements to review a segment’s operating results are Earnings/(loss) from operations and operating margins. We operate in three reportable segments: BCA, BDS, and BGS. All
other activities fall within Unallocated items, eliminations and other. See page 6 for the Summary of Business Segment Data, which is an integral part of this note.
BCA develops, produces and markets commercial jet aircraft principally to the commercial airline industry worldwide. Revenue on commercial aircraft contracts is recognized at the point in time when an aircraft is completed and accepted by the customer.
BDS engages in the research, development, production and modification of the following products and related services: manned and unmanned military aircraft and weapons systems, surveillance and engagement, strategic defense and intelligence systems, satellite systems and space exploration. BDS revenue is generally recognized over the contract term (over time) as costs are incurred.
BGS provides parts, maintenance, modifications, logistics support, training, data analytics and information-based services to commercial and government customers worldwide. BGS segment revenue and costs include certain products and services provided to other segments. Revenue on commercial spare parts contracts is recognized at the point in time when a spare part is delivered to the customer. Revenue on other contracts is generally recognized over the contract term (over time) as costs are incurred.
The following tables present BCA, BDS and BGS revenues from contracts with customers disaggregated in a number of ways, such as geographic location, contract type and the method of revenue recognition. We believe these best depict how the nature, amount, timing and uncertainty of our revenues and cash flows are affected by economic factors.
BCA revenues by customer location consisted of the following:
(Dollars in millions)Three months ended March 31
20232022
Revenue from contracts with customers:
Europe$1,355 $1,034 
Latin America and Caribbean106 828 
Asia806 729 
Middle East716 318 
Other non-U.S.247 181 
Total non-U.S. revenues3,230 3,090 
United States3,435 1,125 
Estimated potential concessions and other considerations to 737 MAX customers, net (34)
Total revenues from contracts with customers6,665 4,181 
Intersegment revenues eliminated on consolidation39 13 
Total segment revenues$6,704 $4,194 
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
20232022
Revenue from contracts with customers:
U.S. customers$5,310 $4,148 
Non-U.S. customers(1)
1,229 1,335 
Total segment revenue from contracts with customers$6,539 $5,483 
Revenue recognized over time99 %99 %
Revenue recognized on fixed-price contracts61 %63 %
Revenue from the U.S. government(1)
91 %89 %
(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
20232022
Revenue from contracts with customers:
Commercial$2,716 $2,276 
Government1,926 1,968 
Total revenues from contracts with customers4,642 4,244 
Intersegment revenues eliminated on consolidation78 70 
Total segment revenues$4,720 $4,314 
Revenue recognized at a point in time51 %49 %
Revenue recognized on fixed-price contracts87 %88 %
Revenue from the U.S. government(1)
36 %35 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
Backlog
Our total backlog includes contracts that we and our customers are committed to perform. The value in backlog represents the estimated transaction prices on performance obligations to our customers for which work remains to be performed. Backlog is converted into revenue, primarily based on the cost incurred or at delivery and acceptance of products, depending on the applicable revenue recognition model.
Our backlog at March 31, 2023 was $411,446. We expect approximately 33% to be converted to revenue through 2024 and approximately 83% through 2027, with the remainder thereafter. There is significant uncertainty regarding the timing of when backlog will convert into revenue due to timing of 737 and 787 deliveries from inventory and timing of entry into service of the 777X, 737-7 and/or 737-10.
Unallocated Items, Eliminations and other
Unallocated items, eliminations and other include common internal services that support Boeing’s global business operations and eliminations of certain sales between segments. We generally allocate costs to business segments based on the U.S. federal cost accounting standards (CAS). Components of Unallocated items, eliminations and other (expense)/income are shown in the following table.
Three months ended March 31
20232022
Share-based plans($52)($83)
Deferred compensation(54)42 
Amortization of previously capitalized interest(23)(23)
Research and development expense, net(76)(52)
Eliminations and other unallocated items(255)(135)
Unallocated items, eliminations and other
($460)($251)
Pension FAS/CAS service cost adjustment$223 $208 
Postretirement FAS/CAS service cost adjustment68 75 
FAS/CAS service cost adjustment$291 $283 
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.
Assets
Segment assets are summarized in the table below:
March 31
2023		December 31
2022
Commercial Airplanes$76,879 $76,825 
Defense, Space & Security15,311 14,426 
Global Services16,491 16,149 
Unallocated items, eliminations and other27,666 29,700 
Total$136,347 $137,100 
Assets included in Unallocated items, eliminations and other primarily consist of Cash and cash equivalents, Short-term and other investments, tax assets, capitalized interest and assets managed centrally on behalf of the three principal business segments and intercompany eliminations.
v3.23.1
Basis of Presentation (Policy)
 3 Months Ended
Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Use of Estimates
Use of Estimates
The preparation of financial statements in conformity with U.S. Generally Accepted Accounting Principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Long-term Contracts
Long-term Contracts
Changes in estimated revenues, cost of sales, and the related effect on operating income are recognized using a cumulative catch-up adjustment which recognizes in the current period the cumulative effect of the changes on current and prior periods based on a long-term contract’s percentage-of-completion. When the current estimates of total sales and costs for a long-term contract, and/or contractual options that are probable of exercise, indicate a loss, a provision for the entire loss is recognized.
Earnings Per Share
Basic and diluted earnings per share are computed using the two-class method, which is an earnings allocation method that determines earnings per share for common shares and participating securities. The undistributed earnings are allocated between common shares and participating securities as if all earnings had been distributed during the period. Participating securities and common shares have equal rights to undistributed earnings.
Basic earnings per share is calculated by taking net earnings, less earnings available to participating securities, divided by the basic weighted average common shares outstanding.
Diluted earnings per share is calculated by taking net earnings, less earnings available to participating securities, divided by the diluted weighted average common shares outstanding.
Backlog Our total backlog includes contracts that we and our customers are committed to perform. The value in backlog represents the estimated transaction prices on performance obligations to our customers for which work remains to be performed. Backlog is converted into revenue, primarily based on the cost incurred or at delivery and acceptance of products, depending on the applicable revenue recognition model.
v3.23.1
Summary of Business Segment Data (Tables)
 3 Months Ended
Mar. 31, 2023
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Schedule of Segment Reporting Information, by Segment
(Dollars in millions)Three months ended March 31
20232022
Revenues:
Commercial Airplanes$6,704 $4,194 
Defense, Space & Security6,539 5,483 
Global Services4,720 4,314 
Unallocated items, eliminations and other(42) 
Total revenues$17,921 $13,991 
Loss from operations:
Commercial Airplanes($615)($897)
Defense, Space & Security(212)(929)
Global Services847 632 
Segment operating earnings/(loss)20 (1,194)
Unallocated items, eliminations and other(460)(251)
FAS/CAS service cost adjustment291 283 
Loss from operations(149)(1,162)
Other income, net302 181 
Interest and debt expense(649)(637)
Loss before income taxes(496)(1,618)
Income tax benefit71 376 
Net loss(425)(1,242)
Less: net loss attributable to noncontrolling interest(11)(23)
Net loss attributable to Boeing Shareholders($414)($1,219)
v3.23.1
Basis of Presentation (Tables)
 3 Months Ended
Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Change in Accounting Estimate
Net cumulative catch-up adjustments to prior periods' revenue and earnings, including certain losses, across all long-term contracts were as follows:
(In millions - except per share amounts)Three months ended March 31
20232022
Decrease to Revenue($312)($612)
Increase to Loss from operations($518)($1,130)
Decrease to Diluted EPS($0.74)($1.47)
v3.23.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2023
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
20232022
Net loss available to common shareholders($414)($1,219)
Basic
Basic weighted average shares outstanding
602.5 591.7 
Less: participating securities(1)
0.3 0.3 
Basic weighted average common shares outstanding
602.2 591.4 
Diluted
Diluted weighted average shares outstanding
602.5 591.7 
Less: participating securities(1)
0.3 0.3 
Diluted weighted average common shares outstanding
602.2 591.4 
Net loss per share:
Basic
($0.69)($2.06)
Diluted
(0.69)(2.06)
(1)Participating securities include certain instruments in our deferred compensation plan.
(2)Diluted loss per share includes any dilutive impact of stock options, restricted stock units,
performance-based restricted stock units and performance awards.
Schedule of Weighted Average Number of Shares Outstanding Excluded from the Computation of Diluted Earnings Per Share
(Shares in millions)Three months ended March 31
20232022
Performance awards 1.6 
Performance-based restricted stock units 0.4 
Restricted stock units0.1 0.4 
Stock options0.8 0.6 
v3.23.1
Allowances for Losses on Financial Assets (Tables)
 3 Months Ended
Mar. 31, 2023
Allowance for Losses on Financial Assets [Abstract]  
Schedule of Financial Assets, Allowance for Credit Loss
The changes in allowances for expected credit losses for the three months ended March 31, 2023 and 2022 consisted of the following:
Accounts receivable Unbilled receivablesOther current assetsCustomer financingOther assetsTotal
Balance at January 1, 2022($390)($91)($62)($18)($186)($747)
Changes in estimates(7)15 5 (48)(22)(57)
Write-offs6 6 
Recoveries1 1 
Balance at March 31, 2022
($390)($76)($57)($66)($208)($797)
Balance at January 1, 2023($116)($23)($85)($55)($88)($367)
Changes in estimates1 1 8 (4)6 
Write-offs3 1 4 
Recoveries1 1 
Balance at March 31, 2023
($111)($22)($76)($55)($92)($356)
v3.23.1
Inventories (Tables)
 3 Months Ended
Mar. 31, 2023
Inventory Disclosure [Abstract]  
Schedule of Inventory, Current
Inventories consisted of the following:
March 31
2023		December 31
2022
Long-term contracts in progress$428 $582 
Commercial aircraft programs68,051 67,702 
Capitalized precontract costs(1)
794 794 
Commercial spare parts, used aircraft, general stock materials and other
9,230 9,073 
Total$78,503 $78,151 
(1) Capitalized precontract costs at March 31, 2023 and December 31, 2022 includes amounts related to KC-46A Tanker, Commercial Crew, and T-7 Production Options. See Note 9.
v3.23.1
Customer Financing (Tables)
 3 Months Ended
Mar. 31, 2023
Customer Financing [Abstract]  
Schedule of Customer Financing
Customer financing consisted of the following:
March 31
2023		December 31
2022
Financing receivables:
Investment in sales-type/finance leases$779 $804 
Notes370 385 
Total financing receivables
1,149 1,189 
Less allowance for losses on receivables55 55 
Financing receivables, net1,094 1,134 
Operating lease equipment, at cost, less accumulated depreciation of $79 and $76
411 470 
Total$1,505 $1,604 
Financing Receivable Credit Quality Indicators
Our financing receivable balances at March 31, 2023 by internal credit rating category and year of origination consisted of the following:
Rating categoriesCurrent2022202120202019PriorTotal
BBB$47 $47 
BB$28 $34 $214 $110 $39 57 482 
B$18 197 215 
CCC35 370 405 
Total carrying value of financing receivables$28 $34 $249 $110 $57 $671 $1,149 
Schedule of Customer Financing Carrying Values Related to Major Aircraft Concentrations
The majority of our gross customer financing portfolio is concentrated in the following aircraft models:
March 31
2023		December 31
2022
717 Aircraft ($11 and $45 accounted for as operating leases)
$510 $563 
747-8 Aircraft (accounted for as sales-type/finance leases)394 394 
737 Aircraft ($172 and $174 accounted for as operating leases)
183 186 
777 Aircraft (accounted for as operating leases)205 209 
MD-80 Aircraft (accounted for as sales-type/finance leases)95 96 
757 Aircraft (accounted for as sales-type/finance leases)103 107 
747-400 Aircraft (accounted for as sales-type/finance leases)45 46 
v3.23.1
Investments (Tables)
 3 Months Ended
Mar. 31, 2023
Investments [Abstract]  
Schedule of Investments
Our investments, which are recorded in Short-term and other investments or Investments, consisted of the following:
March 31
2023		December 31
2022
Equity method investments (1)
$936 $948 
Time deposits3,436 2,093 
Available for sale debt instruments493 479 
Equity and other investments35 36 
Restricted cash & cash equivalents(2)
24 33 
Total$4,924 $3,589 
(1)Dividends received were $0 and $27 during the three months ended March 31, 2023 and 2022.
(2)Reflects amounts restricted in support of our property sales, workers’ compensation programs, and insurance premiums.
v3.23.1
Liabilities, Commitments and Contingencies (Tables)
 3 Months Ended
Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of 737 Max Customer Concessions and Other Considerations Liability
The following table summarizes changes in the 737 MAX customer concessions and other considerations liability during the three months ended March 31, 2023 and 2022.
20232022
Beginning balance – January 1$1,864 $2,940 
Reductions for payments made(141)(550)
Reductions for concessions and other in-kind considerations (5)
Changes in estimates 34 
Ending balance – March 31$1,723 $2,419 
Schedule of Environmental Remediation Activity
The following table summarizes changes in environmental remediation liabilities during the three months ended March 31, 2023 and 2022.
20232022
Beginning balance – January 1$752 $605 
Reductions for payments made, net of recoveries(10) 
Changes in estimates46 48 
Ending balance – March 31$788 $653 
Schedule of Product Warranty Activity
The following table summarizes changes in product warranty liabilities recorded during the three months ended March 31, 2023 and 2022.
20232022
Beginning balance – January 1$2,275 $1,900 
Additions for current year deliveries47 35 
Reductions for payments made(116)(118)
Changes in estimates(31)149 
Ending balance – March 31$2,175 $1,966 
Schedule of Contractual Obligation, Fiscal Year Maturity The estimated earliest potential funding dates for these commitments as of March 31, 2023 are as follows:

Total
April through December 2023
$1,461 
20242,759 
20253,558 
20262,484 
20272,116 
Thereafter2,950 
$15,328 
v3.23.1
Arrangements with Off-Balance Sheet Risk (Tables)
 3 Months Ended
Mar. 31, 2023
Guarantees [Abstract]  
Schedule of Guarantor Obligations
The following table provides quantitative data regarding our third party guarantees. The maximum potential payments represent a “worst-case scenario” and do not necessarily reflect amounts that we expect to pay. The carrying amount of liabilities represents the amount included in Accrued liabilities.
Maximum
Potential Payments		Estimated Proceeds from
Collateral/Recourse		Carrying Amount of
 Liabilities
March 31
2023		December 31
2022		March 31
2023		December 31
2022		March 31
2023		December 31
2022
Contingent repurchase commitments
$514 $514 $514 $514 
Credit guarantees
45 45  $27 $27 
v3.23.1
Postretirement Plans (Tables)
 3 Months Ended
Mar. 31, 2023
Retirement Benefits [Abstract]  
Components of Net Periodic Benefit Cost
The components of net periodic benefit (income)/cost for the three months ended March 31 were as follows:
PensionPostretirement
2023202220232022
Service cost$1 $1 $12 $18 
Interest cost705 520 37 24 
Expected return on plan assets(861)(947)(2)(2)
Amortization of prior service credits(20)(20)(6)(9)
Recognized net actuarial loss/(gain)42 227 (44)(28)
Net periodic benefit (income)/cost($133)($219)($3)$3 
Net periodic benefit cost included in Loss from operations$1 $1 $15 $19 
Net periodic benefit (income)/cost included in Other income, net(134)(220)(15)(15)
Net periodic benefit (income)/cost included in Loss before income taxes($133)($219)$0 $4 
v3.23.1
Shareholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
Changes in Accumulated other comprehensive loss (AOCI) by component for the three months ended March 31, 2023 and 2022 were as follows:
Currency Translation AdjustmentsUnrealized Gains and Losses on Certain InvestmentsUnrealized Gains and Losses on Derivative InstrumentsDefined Benefit Pension Plans & Other Postretirement Benefits
Total (1)
Balance at January 1, 2022($105)$1 $6 ($11,561)($11,659)
Other comprehensive income before reclassifications24 94 118 
Amounts reclassified from AOCI
35 
(3)
136 
(2)
171 
Net current period Other comprehensive income24 129 136 289 
Balance at March 31, 2022($81)$1 $135 ($11,425)($11,370)
Balance at January 1, 2023($167)($24)($9,359)($9,550)
Other comprehensive income/(loss) before reclassifications16 18 (7)27 
Amounts reclassified from AOCI
(5)(22)

(27)
Net current period Other comprehensive income/(loss)16 13 (29)0 
Balance at March 31, 2023($151) ($11)($9,388)($9,550)
(1)     Net of tax.
(2)    Primarily relates to amortization of actuarial losses for the three months ended March 31, 2022 totaling $159 (net of tax of ($40)), which is included in the net periodic pension cost.
(3)    Includes losses of $39 (net of tax of ($11)) from cash flow hedges reclassified to Other income, net because the forecasted transactions are probable of not occurring.
v3.23.1
Derivative Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The notional amounts and fair values of derivative instruments in the Condensed Consolidated Statements of Financial Position were as follows:
Notional amounts (1)
Other assetsAccrued liabilities
March 31
2023		December 31
2022		March 31
2023		December 31
2022		March 31
2023		December 31
2022
Derivatives designated as hedging instruments:
Foreign exchange contracts$2,812 $2,815 $31 $23 ($100)($122)
Commodity contracts625 602 117 115 (7)(9)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts354 462 5 5 (40)(42)
Commodity contracts264 412 2  (1)
Total derivatives$4,055 $4,291 $153 $145 ($147)($174)
Netting arrangements(36)(33)36 33 
Net recorded balance$117 $112 ($111)($141)
(1)Notional amounts represent the gross contract/notional amount of the derivatives outstanding.
Schedule of Derivative Instruments, Gains/(Losses) in Statement of Financial Performance
Gains/(losses) associated with our hedging transactions and forward points recognized in Other comprehensive income are presented in the following table:
Three months ended March 31

20232022
Recognized in Other comprehensive income/(loss), net of taxes:
Foreign exchange contracts$10 ($8)
Commodity contracts8 102 
Reclassification Out of Accumulated Other Comprehensive Income
Gains/(losses) associated with our hedging transactions and forward points reclassified from AOCI to earnings are presented in the following table:
Three months ended March 31
20232022
Foreign exchange contracts
Costs and expenses(2)$5 
General and administrative expense(11)(1)
Commodity contracts
Costs and expenses17 1 
General and administrative expense2 1 
v3.23.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Fair Value, Assets and Liabilities Measured on Recurring Basis The following table presents our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy.
March 31, 2023December 31, 2022
TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Assets
Money market funds$2,014 $2,014 $1,797 $1,797 
Available-for-sale debt investments:
Commercial paper251 $251 256 $256 
Corporate notes167 167 195 195 
U.S. government agencies79 7947 47 
Other equity investments8 8 10 10 
Derivatives117 117 112 112 
Total assets$2,636 $2,022 $614  $2,417 $1,807 $610  
Liabilities
Derivatives($111)($111)($141)($141)
Other(2)($2)
Total liabilities($113) ($111)($2)($141)($141)
Fair Value, Assets Measured on Nonrecurring Basis Using Unobservable Inputs The following table presents the nonrecurring losses recognized for the three months ended March 31 due to long-lived asset impairment and the fair value and asset classification of the related assets as of the impairment date:
20232022
Fair ValueTotal
Losses		Fair ValueTotal
Losses
Investments ($11)($31)
Customer financing assets
 $44 (2)
Property, plant and equipment  (19)
Other Assets and Acquired intangible assets 1 (20)
Total ($11)$45 ($72)
Fair Values and Related Carrying Values of Financial Instruments
The fair values and related carrying values of financial instruments that are not required to be remeasured at fair value on the Condensed Consolidated Statements of Financial Position were as follows:
March 31, 2023
Carrying
Amount		Total Fair
Value		Level 1Level 2Level 3
Assets
Notes receivable, net$370 $391 $391 
Liabilities
Debt, excluding finance lease obligations (55,175)(53,257)(53,257)
December 31, 2022
Carrying
Amount		Total Fair
Value		Level 1Level 2Level 3
Assets
Notes receivable, net$385 $403 $403 
Liabilities
Debt, excluding finance lease obligations (56,794)(52,856)(52,856)
v3.23.1
Segment and Revenue Information (Tables)
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Schedule of Disaggregation of Revenue
BCA revenues by customer location consisted of the following:
(Dollars in millions)Three months ended March 31
20232022
Revenue from contracts with customers:
Europe$1,355 $1,034 
Latin America and Caribbean106 828 
Asia806 729 
Middle East716 318 
Other non-U.S.247 181 
Total non-U.S. revenues3,230 3,090 
United States3,435 1,125 
Estimated potential concessions and other considerations to 737 MAX customers, net (34)
Total revenues from contracts with customers6,665 4,181 
Intersegment revenues eliminated on consolidation39 13 
Total segment revenues$6,704 $4,194 
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
20232022
Revenue from contracts with customers:
U.S. customers$5,310 $4,148 
Non-U.S. customers(1)
1,229 1,335 
Total segment revenue from contracts with customers$6,539 $5,483 
Revenue recognized over time99 %99 %
Revenue recognized on fixed-price contracts61 %63 %
Revenue from the U.S. government(1)
91 %89 %
(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
20232022
Revenue from contracts with customers:
Commercial$2,716 $2,276 
Government1,926 1,968 
Total revenues from contracts with customers4,642 4,244 
Intersegment revenues eliminated on consolidation78 70 
Total segment revenues$4,720 $4,314 
Revenue recognized at a point in time51 %49 %
Revenue recognized on fixed-price contracts87 %88 %
Revenue from the U.S. government(1)
36 %35 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
Schedule of Unallocated Items and Eliminations Components of Unallocated items, eliminations and other (expense)/income are shown in the following table.
Three months ended March 31
20232022
Share-based plans($52)($83)
Deferred compensation(54)42 
Amortization of previously capitalized interest(23)(23)
Research and development expense, net(76)(52)
Eliminations and other unallocated items(255)(135)
Unallocated items, eliminations and other
($460)($251)
Pension FAS/CAS service cost adjustment$223 $208 
Postretirement FAS/CAS service cost adjustment68 75 
FAS/CAS service cost adjustment$291 $283 
Reconciliation of Assets from Segment to Consolidated
Segment assets are summarized in the table below:
March 31
2023		December 31
2022
Commercial Airplanes$76,879 $76,825 
Defense, Space & Security15,311 14,426 
Global Services16,491 16,149 
Unallocated items, eliminations and other27,666 29,700 
Total$136,347 $137,100 
v3.23.1
Summary of Business Segment Data - Schedule of Segment Reporting Information, by Segment (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Segment Reporting Information [Line Items]    
Total revenues $ 17,921 $ 13,991
Loss from operations (149) (1,162)
Other income, net 302 181
Interest and debt expense (649) (637)
Loss before income taxes (496) (1,618)
Income tax benefit 71 376
Net loss (425) (1,242)
Less: net loss attributable to noncontrolling interest (11) (23)
Net loss attributable to Boeing Shareholders (414) (1,219)
Operating Segments    
Segment Reporting Information [Line Items]    
Loss from operations 20 (1,194)
Operating Segments | Commercial Airplanes    
Segment Reporting Information [Line Items]    
Total revenues 6,704 4,194
Loss from operations (615) (897)
Operating Segments | Defense, Space & Security    
Segment Reporting Information [Line Items]    
Total revenues 6,539 5,483
Loss from operations (212) (929)
Operating Segments | Global Services    
Segment Reporting Information [Line Items]    
Total revenues 4,720 4,314
Loss from operations 847 632
Unallocated items, eliminations and other    
Segment Reporting Information [Line Items]    
Total revenues (42)
Unallocated items, eliminations and other (460) (251)
FAS/CAS service cost adjustment $ 291 $ 283
v3.23.1
Basis of Presentation - Schedule of Change in Accounting Estimate (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Decrease to Revenue $ (312) $ (612)
Increase to Loss from operations $ (518) $ (1,130)
Decrease to Diluted EPS $ (0.74) $ (1.47)
v3.23.1
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, 2023
Mar. 31, 2022
Earnings Per Share [Abstract]    
Net loss available to common shareholders $ (414) $ (1,219)
Weighted average number of shares issued, basic (in shares) 602.5 591.7
Participating securities (in shares) 0.3 0.3
Weighted average number of shares issued, basic (in shares) 602.2 591.4
Diluted weighted average shares outstanding (in shares) 602.5 591.7
Participating securities (in shares) 0.3 0.3
Weighted average diluted shares (millions) (in shares) 602.2 591.4
Basic loss per share (in dollars per share) $ (0.69) $ (2.06)
Diluted loss per share (in dollars per share) $ (0.69) $ (2.06)
v3.23.1
Earnings Per Share - Narrative (Details) - shares
shares in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Earnings Per Share [Abstract]    
Shares excluded from the computation of diluted earnings (in shares) 5.3 3.6
v3.23.1
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, 2023
Mar. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Shares excluded from the computation of diluted earnings (in shares) 5.3 3.6
Performance awards | Antidilutive or Performance Condition not met    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Shares excluded from the computation of diluted earnings (in shares) 1.6
Performance-based restricted stock units | Antidilutive or Performance Condition not met    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Shares excluded from the computation of diluted earnings (in shares) 0.4
Restricted stock units | Antidilutive or Performance Condition not met    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Shares excluded from the computation of diluted earnings (in shares) 0.1 0.4
Stock options | Antidilutive or Performance Condition not met    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Shares excluded from the computation of diluted earnings (in shares) 0.8 0.6
v3.23.1
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Valuation Allowance [Line Items]      
Effective income tax rate 14.30% 23.20%  
Valuation allowance     $ 3,162
Decrease in unrecognized tax benefits is reasonably possible $ 620    
Minimum      
Valuation Allowance [Line Items]      
Deferred tax liability, valuation allowance measurement duration     5 years
Deferred tax asset, valuation allowance measurement duration     15 years
Maximum      
Valuation Allowance [Line Items]      
Deferred tax liability, valuation allowance measurement duration     10 years
Deferred tax asset, valuation allowance measurement duration     20 years
v3.23.1
Allowances for Losses on Financial Assets - Schedule of Financial Assets, Allowance for Credit Loss (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]    
Account receivable, allowance for credit loss, beginning balance $ (116) $ (390)
Unbilled receivables, allowance for credit loss, beginning balance (23) (91)
Allowance for credit loss, beginning balance (367) (747)
Customer financing, allowance for credit loss, beginning balance (55) (18)
Accounts receivable, changes in estimates 1 (7)
Unbilled receivables, changes in estimates 1 15
Changes in estimates 6 (57)
Customer financing, changes in estimates 1 (48)
Accounts receivable, write-offs 3 6
Write-offs 4 6
Accounts receivable, recovery 1 1
Recoveries 1 1
Account receivable, allowance for credit loss, ending balance (111) (390)
Unbilled receivables, allowance for credit loss, ending balance (22) (76)
Customer financing, allowance for credit loss, ending balance (55) (66)
Allowance for credit loss, ending balance (356) (797)
Other current assets    
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]    
Allowance for credit loss, beginning balance (85) (62)
Changes in estimates 8 5
Write-offs 1  
Allowance for credit loss, ending balance (76) (57)
Other assets    
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]    
Allowance for credit loss, beginning balance (88) (186)
Changes in estimates (4) (22)
Allowance for credit loss, ending balance $ (92) $ (208)
v3.23.1
Inventories - Schedule of Inventory, Current (Details) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Inventory Disclosure [Abstract]    
Long-term contracts in progress $ 428 $ 582
Commercial aircraft programs 68,051 67,702
Capitalized precontract costs 794 794
Commercial spare parts, used aircraft, general stock materials and other 9,230 9,073
Total $ 78,503 $ 78,151
v3.23.1
Inventories - Narrative (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2023
USD ($)
aircraft
Mar. 31, 2022
USD ($)
Dec. 31, 2022
USD ($)
aircraft
Early Issue Sales Consideration      
Inventory [Line Items]      
Inventory subject to uncertainty $ 3,559   $ 3,586
Airplane Program 737      
Inventory [Line Items]      
Number of commercial aircraft program | aircraft 225   250
Deferred production costs $ 3,913   $ 2,955
Unamortized tooling and other non-recurring costs 606   $ 626
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from firm orders at the balance sheet date 4,493    
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from future orders $ 26    
Airplane Program 787      
Inventory [Line Items]      
Number of commercial aircraft program | aircraft 95   100
Deferred production costs $ 12,416   $ 12,689
Unamortized tooling and other non-recurring costs 1,711   1,722
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from firm orders at the balance sheet date 10,211    
Deferred production, unamortized tooling and other nonrecurring costs to be recovered from future orders 3,916    
Abnormal production costs 379 $ 312  
Supplier advances 1,821   1,831
Airplane Program 777x      
Inventory [Line Items]      
Deferred production costs 1,310   1,330
Unamortized tooling and other non-recurring costs 3,820   3,774
Inventory, work in process 4,154   $ 4,059
Abnormal production costs $ 126    
v3.23.1
Contracts with Customers - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]      
Unbilled receivables, net $ 9,689   $ 8,634
Advances and progress billings 54,498   $ 53,081
Contract with customer, liability, revenue recognized $ 3,881 $ 3,401  
v3.23.1
Customer Financing - Schedule of Customer Financing (Details) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Mar. 31, 2022
Dec. 31, 2021
Customer Financing [Abstract]        
Investment in sales-type/finance leases $ 779 $ 804    
Notes 370 385    
Total financing receivables 1,149 1,189    
Less allowance for losses on receivables 55 55 $ 66 $ 18
Financing receivables, net 1,094 1,134    
Operating lease equipment, at cost, less accumulated depreciation of $79 and $76 411 470    
Total 1,505 1,604    
Operating lease equipment, accumulated depreciation $ 79 $ 76    
v3.23.1
Customer Financing - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Customer Financing [Line Items]      
Financing receivable, nonaccrual, no allowance $ 405   $ 405
Sales-type and direct financing leases, lease income 15 $ 18  
Operating lease, lease income $ 11 $ 15  
Operating lease, lease income, statement of income or comprehensive income [Extensible Enumeration] Total revenues Total revenues  
Operating lease, variable lease income $ 0 $ 4  
Sales-type and direct financing leases, profit (loss) 12 4  
Financing receivable, nonaccrual, interest income $ 4 $ 3  
Minimum      
Customer Financing [Line Items]      
Lessee, finance lease, term of contract (in years) 1 year    
Maximum      
Customer Financing [Line Items]      
Lessee, finance lease, term of contract (in years) 12 years    
CCC      
Customer Financing [Line Items]      
Percentage of credit default rates applied to customers 100.00%    
B      
Customer Financing [Line Items]      
Percentage of credit default rates applied to customers 2.20%    
BB      
Customer Financing [Line Items]      
Percentage of credit default rates applied to customers 2.90%    
BBB      
Customer Financing [Line Items]      
Percentage of credit default rates applied to customers 0.10%    
v3.23.1
Customer Financing - Financing Receivable Credit Quality Indicators (Details) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]    
Current $ 28  
2022 34  
2021 249  
2020 110  
2019 57  
Prior 671  
Total financing receivables 1,149 $ 1,189
BBB    
Financing Receivable, Credit Quality Indicator [Line Items]    
Current  
2022  
2021  
2020  
2019  
Prior 47  
Total financing receivables 47  
BB    
Financing Receivable, Credit Quality Indicator [Line Items]    
Current 28  
2022 34  
2021 214  
2020 110  
2019 39  
Prior 57  
Total financing receivables 482  
B    
Financing Receivable, Credit Quality Indicator [Line Items]    
Current  
2022  
2021  
2020  
2019 18  
Prior 197  
Total financing receivables 215  
CCC    
Financing Receivable, Credit Quality Indicator [Line Items]    
Current  
2022  
2021 35  
2020  
2019  
Prior 370  
Total financing receivables $ 405  
v3.23.1
Customer Financing - Schedule of Customer Financing Carrying Values Related to Major Aircraft Concentrations (Details) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Customer Financing [Line Items]    
Operating lease equipment $ 411 $ 470
B-717    
Customer Financing [Line Items]    
Gross customer financing 510 563
Operating lease equipment 11 45
B747-8    
Customer Financing [Line Items]    
Gross customer financing 394 394
B-737    
Customer Financing [Line Items]    
Gross customer financing 183 186
Operating lease equipment 172 174
B-777    
Customer Financing [Line Items]    
Gross customer financing 205 209
MD 80 Aircraft    
Customer Financing [Line Items]    
Gross customer financing 95 96
B-757    
Customer Financing [Line Items]    
Gross customer financing 103 107
B747-400    
Customer Financing [Line Items]    
Gross customer financing $ 45 $ 46
v3.23.1
Investments - Schedule of Investments (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Investments [Abstract]      
Equity method investments [1] $ 936   $ 948
Time deposits 3,436   2,093
Available for sale debt instruments 493   479
Equity and other investments 35   36
Restricted cash & cash equivalents 24 [2] $ 45 33
Total 4,924   $ 3,589
Dividends received $ 0 $ 27  
[1] Dividends received were $0 and $27 during the three months ended March 31, 2023 and 2022.
[2] Reflects amounts restricted in support of our property sales, workers’ compensation programs, and insurance premiums.
v3.23.1
Liabilities, Commitments and Contingencies - Schedule of 737 Max Customer Concessions and Other Considerations Liability (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Customer Concession And Other Consideration Liability [Roll Forward]    
Ending balance – March 31 $ 1,700  
B-737    
Customer Concession And Other Consideration Liability [Roll Forward]    
Beginning balance – January 1 1,864 $ 2,940
Reductions for payments made (141) (550)
Reductions for concessions and other in-kind considerations (5)
Changes in estimates 34
Ending balance – March 31 $ 1,723 $ 2,419
v3.23.1
Liabilities, Commitments and Contingencies - Narrative (Details)
$ in Millions
 3 Months Ended 12 Months Ended 87 Months Ended
Mar. 31, 2023
USD ($)
aircraft
Mar. 31, 2022
USD ($)
Dec. 31, 2022
USD ($)
Mar. 31, 2023
USD ($)
aircraft
lot
Dec. 31, 2018
USD ($)
lot
aircraft
simulator
Sep. 30, 2018
USD ($)
aircraft
Dec. 31, 2017
aircraft
Dec. 31, 2011
aircraft
lot
tanker
Commitments And Contingencies [Line Items]                
737 MAX customer concessions and other considerations liability $ 1,700     $ 1,700        
Loss contingency, range of possible loss, portion not accrued 1,043   $ 1,058 1,043        
Contingent liabilities on outstanding letters of credit agreements and surety bonds 5,062   5,070 5,062        
Supplier finance program, obligation 2,600   2,500 $ 2,600        
Increase to Loss from operations $ 518 $ 1,130            
Number of annual production lot | lot               13
Minimum | Supplier Finance Program, Majority of Amounts Payable                
Commitments And Contingencies [Line Items]                
Supplier finance program, payment timing, period 30 days     30 days        
Maximum                
Commitments And Contingencies [Line Items]                
Supplier finance program, payment timing, period 12 months     12 months        
Maximum | Supplier Finance Program, Majority of Amounts Payable                
Commitments And Contingencies [Line Items]                
Supplier finance program, payment timing, period 90 days     90 days        
VC-25B                
Commitments And Contingencies [Line Items]                
Contract value $ 4,300     $ 4,300        
Number of commercial aircraft | aircraft 2     2        
Increase to Loss from operations $ 1,452              
KC-46A Tanker                
Commitments And Contingencies [Line Items]                
Contract value 24,000     $ 24,000        
Increase to Loss from operations 245   1,374          
Number of generation aerial refueling tanker | tanker               4
Number of aircraft | aircraft             124 179
Number of low rate initial production lot | lot       9        
KC-46A Tanker | Capitalized Precontract Costs                
Commitments And Contingencies [Line Items]                
Capitalized precontract costs 166     $ 166        
KC-46A Tanker | Potential Termination Liabilities                
Commitments And Contingencies [Line Items]                
Capitalized precontract costs 95     95        
MQ-25                
Commitments And Contingencies [Line Items]                
Contract value           $ 890    
Increase to Loss from operations     579          
Number of aircraft | aircraft           7    
T-7A EMD                
Commitments And Contingencies [Line Items]                
Contract value         $ 860      
Increase to Loss from operations     203          
Number of aircraft | aircraft         5      
Number of simulator | simulator         7      
Services probable of being exercised, number of aircrafts | aircraft         346      
T-7A Production                
Commitments And Contingencies [Line Items]                
Increase to Loss from operations     552          
Number of annual production lot | lot         11      
T-7A Production | Capitalized Precontract Costs                
Commitments And Contingencies [Line Items]                
Capitalized precontract costs 75     75        
T-7A Production | Potential Termination Liabilities                
Commitments And Contingencies [Line Items]                
Capitalized precontract costs 339     339        
Commercial Crew                
Commitments And Contingencies [Line Items]                
Increase to Loss from operations     288          
Commercial Crew | Capitalized Precontract Costs                
Commitments And Contingencies [Line Items]                
Capitalized precontract costs 188     188        
Commercial Crew | Potential Termination Liabilities                
Commitments And Contingencies [Line Items]                
Capitalized precontract costs 199     199        
Financing Commitment                
Commitments And Contingencies [Line Items]                
Other commitment 15,328   16,105 15,328        
Joint Venture                
Commitments And Contingencies [Line Items]                
Other commitment $ 299     $ 299        
Other commitment, period 5 years     5 years        
Total Contractual Trade-In Commitment | Commercial Aircraft Commitments                
Commitments And Contingencies [Line Items]                
Other commitment $ 1,328   1,117 $ 1,328        
Net Amounts Payable to Customers Related to Probable Contractual Trade-In Commitments | Commercial Aircraft Commitments                
Commitments And Contingencies [Line Items]                
Other commitment 283   286 283        
Fair Value of Trade in Value of Aircraft | Commercial Aircraft Commitments                
Commitments And Contingencies [Line Items]                
Other commitment 283   $ 286 283        
2023                
Commitments And Contingencies [Line Items]                
Changes in estimates 100              
Future Years                
Commitments And Contingencies [Line Items]                
Changes in estimates 500              
Contracted Customer Concessions & Other Considerations Liability                
Commitments And Contingencies [Line Items]                
737 MAX customer concessions and other considerations liability 1,400     1,400        
Contingent on Customer Negotiations                
Commitments And Contingencies [Line Items]                
737 MAX customer concessions and other considerations liability 300     300        
Lower Customer Delivery Payments                
Commitments And Contingencies [Line Items]                
737 MAX customer concessions and other considerations liability 700     700        
Cash Payments to Customers                
Commitments And Contingencies [Line Items]                
737 MAX customer concessions and other considerations liability 600     600        
Customer Concessions                
Commitments And Contingencies [Line Items]                
737 MAX customer concessions and other considerations liability $ 100     $ 100        
v3.23.1
Liabilities, Commitments and Contingencies - Schedule of Environmental Remediation Activity (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Environmental [Roll Forward]    
Beginning balance – January 1 $ 752 $ 605
Reductions for payments made, net of recoveries (10)
Changes in estimates 46 48
Ending balance – March 31 $ 788 $ 653
v3.23.1
Liabilities, Commitments and Contingencies - Schedule of Product Warranty Activity (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Product Warranties [Roll Forward]    
Beginning balance – January 1 $ 2,275 $ 1,900
Additions for current year deliveries 47 35
Reductions for payments made (116) (118)
Changes in estimates (31) 149
Ending balance – March 31 $ 2,175 $ 1,966
v3.23.1
Liabilities, Commitments and Contingencies - Schedule of Contractual Obligation, Fiscal Year Maturity (Details) - Financing Commitment - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Financing Commitments [Line Items]    
April through December 2023 $ 1,461  
2024 2,759  
2025 3,558  
2026 2,484  
2027 2,116  
Thereafter 2,950  
Total $ 15,328 $ 16,105
v3.23.1
Arrangements with Off-Balance Sheet Risk - Schedule of Guarantor Obligations (Details) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Contingent repurchase commitments    
Guarantor Obligations [Line Items]    
Maximum Potential Payments $ 514 $ 514
Estimated Proceeds from Collateral/Recourse 514 514
Carrying Amount of  Liabilities
Credit guarantees    
Guarantor Obligations [Line Items]    
Maximum Potential Payments 45 45
Estimated Proceeds from Collateral/Recourse
Carrying Amount of  Liabilities $ 27 $ 27
v3.23.1
Arrangements with Off-Balance Sheet Risk - Narrative (Details) - Contingent repurchase commitments
Mar. 31, 2023
Minimum  
Guarantor Obligations [Line Items]  
Guarantor obligations, repurchase commitment, period post delivery 10 years
Maximum  
Guarantor Obligations [Line Items]  
Guarantor obligations, repurchase commitment, period post delivery 15 years
v3.23.1
Postretirement Plans - Components of Net Periodic Benefit Cost (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Pension    
Defined Benefit Plan Disclosure [Line Items]    
Service cost $ 1 $ 1
Interest cost 705 520
Expected return on plan assets (861) (947)
Amortization of prior service credits (20) (20)
Recognized net actuarial loss/(gain) 42 227
Net periodic benefit (income)/cost (133) (219)
Postretirement    
Defined Benefit Plan Disclosure [Line Items]    
Service cost 12 18
Interest cost 37 24
Expected return on plan assets (2) (2)
Amortization of prior service credits (6) (9)
Recognized net actuarial loss/(gain) (44) (28)
Net periodic benefit (income)/cost (3) 3
Operating Income (Loss) | Pension    
Defined Benefit Plan Disclosure [Line Items]    
Net periodic benefit (income)/cost included in (loss)/earning from operations, other income, and loss before income taxes 1 1
Operating Income (Loss) | Postretirement    
Defined Benefit Plan Disclosure [Line Items]    
Net periodic benefit (income)/cost included in (loss)/earning from operations, other income, and loss before income taxes 15 19
Other Income | Pension    
Defined Benefit Plan Disclosure [Line Items]    
Net periodic benefit (income)/cost included in (loss)/earning from operations, other income, and loss before income taxes (134) (220)
Other Income | Postretirement    
Defined Benefit Plan Disclosure [Line Items]    
Net periodic benefit (income)/cost included in (loss)/earning from operations, other income, and loss before income taxes (15) (15)
Operating Income (Loss) Before Taxes | Pension    
Defined Benefit Plan Disclosure [Line Items]    
Net periodic benefit (income)/cost included in (loss)/earning from operations, other income, and loss before income taxes (133) (219)
Operating Income (Loss) Before Taxes | Postretirement    
Defined Benefit Plan Disclosure [Line Items]    
Net periodic benefit (income)/cost included in (loss)/earning from operations, other income, and loss before income taxes $ 0 $ 4
v3.23.1
Share-Based Compensation and Other Compensation Arrangements - Narrative (Details)
Feb. 16, 2023
$ / shares
shares
Restricted stock units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Granted (in shares) | shares 327,523
Granted in period, weighted average grant date fair value (in shares) | $ / shares $ 214.35
Performance Restricted Stock Units (PRSU)  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Granted (in shares) | shares 195,526
Granted in period, weighted average grant date fair value (in shares) | $ / shares $ 214.35
Performance Restricted Stock Units (PRSU) | Minimum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Award payout percentage 0.00%
Performance Restricted Stock Units (PRSU) | Maximum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Award payout percentage 200.00%
v3.23.1
Shareholders' Equity - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Roll Forward]    
Beginning balance $ (9,550)  
Other comprehensive income (loss) before reclassifications [1] 27 $ 118
Amounts reclassified from AOCI [1] (27) 171
Net current period Other comprehensive income/(loss) [1] 0 289
Ending balance (9,550)  
Amortization of actuarial losses (2) 159
Amortization of actuarial loss included in net periodic pension cost, tax 0 (40)
Loss on discontinuation of cash flow hedge due to forecasted transaction probable of not occurring, net   39
Loss on discontinuation of cash flow hedge due to forecasted transaction Probable of not occurring, tax   11
Accumulated Other Comprehensive Loss    
Accumulated Other Comprehensive Income (Loss) [Roll Forward]    
Beginning balance [1] (9,550) (11,659)
Ending balance [1] (9,550) (11,370)
Currency Translation Adjustments    
Accumulated Other Comprehensive Income (Loss) [Roll Forward]    
Beginning balance (167) (105)
Other comprehensive income (loss) before reclassifications 16 24
Net current period Other comprehensive income/(loss) 16 24
Ending balance (151) (81)
Unrealized Gains and Losses on Certain Investments    
Accumulated Other Comprehensive Income (Loss) [Roll Forward]    
Beginning balance 1
Other comprehensive income (loss) before reclassifications  
Net current period Other comprehensive income/(loss)  
Ending balance 1
Unrealized Gains and Losses on Derivative Instruments    
Accumulated Other Comprehensive Income (Loss) [Roll Forward]    
Beginning balance (24) 6
Other comprehensive income (loss) before reclassifications 18 94
Amounts reclassified from AOCI (5) 35
Net current period Other comprehensive income/(loss) 13 129
Ending balance (11) 135
Defined Benefit Pension Plans & Other Postretirement Benefits    
Accumulated Other Comprehensive Income (Loss) [Roll Forward]    
Beginning balance (9,359) (11,561)
Other comprehensive income (loss) before reclassifications (7)
Amounts reclassified from AOCI (22) 136
Net current period Other comprehensive income/(loss) (29) 136
Ending balance $ (9,388) $ (11,425)
[1] Net of tax.
v3.23.1
Derivative Financial Instruments - Schedule of Derivative Instruments in Statement of Financial Position, Fair Value (Details) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Derivative [Line Items]    
Derivative, notional amount $ 4,055 $ 4,291
Other assets 153 145
Accrued liabilities (147) (174)
Netting arrangement, other assets (36) (33)
Netting arrangement, accrued liabilities 36 33
Net recorded balance, other assets 117 112
Net recorded balance, accrued liabilities $ (111) $ (141)
Derivative asset, statement of financial position [Extensible Enumeration] Other current assets, net Other current assets, net
Derivative liability, statement of financial position [Extensible Enumeration] Accrued liabilities Accrued liabilities
Designated as Hedging Instrument | Foreign exchange contracts    
Derivative [Line Items]    
Derivative, notional amount $ 2,812 $ 2,815
Other assets 31 23
Accrued liabilities (100) (122)
Designated as Hedging Instrument | Commodity contracts    
Derivative [Line Items]    
Derivative, notional amount 625 602
Other assets 117 115
Accrued liabilities (7) (9)
Not Designated as Hedging Instrument | Foreign exchange contracts    
Derivative [Line Items]    
Derivative, notional amount 354 462
Other assets 5 5
Accrued liabilities (40) (42)
Not Designated as Hedging Instrument | Commodity contracts    
Derivative [Line Items]    
Derivative, notional amount 264 412
Other assets 2
Accrued liabilities $ (1)
v3.23.1
Derivative Financial Instruments - Schedule of Derivative Instruments, Gains/(Losses) in Statement of Financial Performance (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Foreign exchange contracts    
Derivative [Line Items]    
Recognized in Other comprehensive income/(loss), net of taxes $ 10 $ (8)
Commodity contracts    
Derivative [Line Items]    
Recognized in Other comprehensive income/(loss), net of taxes $ 8 $ 102
v3.23.1
Derivative Financial Instruments - Reclassification Out of Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Costs and expenses    
Derivative [Line Items]    
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax $ 17 $ 1
General and administrative expense    
Derivative [Line Items]    
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax 2 1
Costs and expenses    
Derivative [Line Items]    
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax (2) 5
General and administrative expense    
Derivative [Line Items]    
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax $ (11) $ (1)
v3.23.1
Derivative Financial Instruments - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]    
Loss on discontinuation of cash flow hedge due to forecasted transaction probable of not occurring   $ 50
Cash flow hedge loss to be reclassified within 12 Months $ 8  
Line of credit facility, expiration period 5 years  
Derivative, maturity 5 years  
Derivative, net liability position, aggregate fair value $ 29  
v3.23.1
Fair Value Measurements - Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Corporate notes $ 493 $ 479
Derivatives 117 112
Derivatives (111) (141)
Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Money market funds 2,014 1,797
Commercial paper 251 256
Corporate notes 167 195
U.S. government agencies 79 47
Other equity investments 8 10
Derivatives 117 112
Total assets 2,636 2,417
Derivatives (111) (141)
Other (2)  
Total liabilities (113) (141)
Fair Value, Recurring | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Money market funds 2,014 1,797
Other equity investments 8 10
Total assets 2,022 1,807
Fair Value, Recurring | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Commercial paper 251 256
Corporate notes 167 195
U.S. government agencies 79 47
Derivatives 117 112
Total assets 614 610
Derivatives (111) (141)
Total liabilities (111) $ (141)
Fair Value, Recurring | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Other (2)  
Total liabilities $ (2)  
v3.23.1
Fair Value Measurements - Fair Value, Assets Measured on Nonrecurring Basis Using Unobservable Inputs (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Nonrecurring fair value losses $ (11) $ (72)
Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value 45
Nonrecurring fair value losses (11) (72)
Investments | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Nonrecurring fair value losses (11) (31)
Investments | Valuation, Market Approach | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value  
Customer financing assets | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Nonrecurring fair value losses (2)
Customer financing assets | Valuation, Market Approach | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value 44
Property, plant and equipment | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Nonrecurring fair value losses (19)
Property, plant and equipment | Valuation, Market Approach | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value  
Other Assets and Acquired intangible assets | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Nonrecurring fair value losses (20)
Other Assets and Acquired intangible assets | Valuation, Market Approach | Fair Value, Nonrecurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value $ 1
v3.23.1
Fair Value Measurements - Fair Values and Related Carrying Values of Financial Instruments (Details) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Notes receivable, net, carrying amount $ 370 $ 385
Notes receivable, net, fair value 391 403
Debt, excluding capital lease obligations, carrying amount (55,175) (56,794)
Debt, excluding capital lease obligations, fair value (53,257) (52,856)
Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Notes receivable, net, fair value 391 403
Debt, excluding capital lease obligations, fair value $ (53,257) $ (52,856)
v3.23.1
Legal Proceedings - Narrative (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2019
USD ($)
Legal Proceedings [Abstract]  
Controlling interest ownership percentage after acquisition 80.00%
Payments to acquire interest in joint venture $ 4,200
v3.23.1
Segment and Revenue Information - Narrative (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2023
USD ($)
segment
Segment Reporting Information [Line Items]  
Number of reportable segments | segment 3
Revenue, remaining performance obligation, amount | $ $ 411,446
Within Next Two Fiscal Years  
Segment Reporting Information [Line Items]  
Revenue, remaining performance obligation, percent recognized 33.00%
Within Next 5 Fiscal Years  
Segment Reporting Information [Line Items]  
Revenue, remaining performance obligation, percent recognized 83.00%
v3.23.1
Segment and Revenue Information - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Disaggregation of Revenue [Line Items]    
Total revenues $ 17,921 $ 13,991
Commercial Airplanes | Operating Segments    
Disaggregation of Revenue [Line Items]    
Total revenues 6,704 4,194
Commercial Airplanes | Operating Segments | Total revenues from contracts with customers    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax $ 6,665 $ 4,181
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 | Total non-U.S. revenues    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax $ 3,230 $ 3,090
Commercial Airplanes | Operating Segments | Europe    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 1,355 1,034
Commercial Airplanes | Operating Segments | Latin America and Caribbean    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 106 828
Commercial Airplanes | Operating Segments | Asia    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 806 729
Commercial Airplanes | Operating Segments | Middle East    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 716 318
Commercial Airplanes | Operating Segments | Other non-U.S.    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 247 181
Commercial Airplanes | Operating Segments | United States    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 3,435 1,125
Commercial Airplanes | Intersegment revenues eliminated on consolidation    
Disaggregation of Revenue [Line Items]    
Total revenues 39 13
Defense, Space & Security | Operating Segments    
Disaggregation of Revenue [Line Items]    
Total revenues $ 6,539 $ 5,483
Defense, Space & Security | Operating Segments | Revenue from the U.S. government    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax, percentage 91.00% 89.00%
Defense, Space & Security | Operating Segments | Revenue recognized on fixed-price contracts    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax, percentage 61.00% 63.00%
Defense, Space & Security | Operating Segments | Revenue recognized over time    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax, percentage 99.00% 99.00%
Defense, Space & Security | Operating Segments | Total non-U.S. revenues    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax $ 1,229 $ 1,335
Defense, Space & Security | Operating Segments | United States    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 5,310 4,148
Global Services | Operating Segments    
Disaggregation of Revenue [Line Items]    
Total revenues 4,720 4,314
Global Services | Operating Segments | Commercial    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 2,716 2,276
Global Services | Operating Segments | Government    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax 1,926 1,968
Global Services | Operating Segments | Total revenues from contracts with customers    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax $ 4,642 $ 4,244
Global Services | Operating Segments | Revenue from the U.S. government    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax, percentage 36.00% 35.00%
Global Services | Operating Segments | Revenue recognized on fixed-price contracts    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax, percentage 87.00% 88.00%
Global Services | Operating Segments | Revenue recognized at a point in time    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax, percentage 51.00% 49.00%
Global Services | Intersegment revenues eliminated on consolidation    
Disaggregation of Revenue [Line Items]    
Total revenues $ 78 $ 70
B-737-Max | Customer Concessions | Commercial Airplanes | Operating Segments    
Disaggregation of Revenue [Line Items]    
Revenue from contract with customer, excluding assessed tax $ (34)
v3.23.1
Segment and Revenue Information - Schedule of Unallocated Items and Eliminations (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Segment Reporting Information [Line Items]    
Share-based plans $ (222) $ (203)
Research and development expense, net (741) (633)
Unallocated items, eliminations and other    
Segment Reporting Information [Line Items]    
Share-based plans (52) (83)
Deferred compensation (54) 42
Amortization of previously capitalized interest (23) (23)
Research and development expense, net (76) (52)
Eliminations and other unallocated items (255) (135)
Unallocated items, eliminations and other (460) (251)
FAS/CAS service cost adjustment 291 283
Unallocated items, eliminations and other | Pension Plans, Defined Benefit    
Segment Reporting Information [Line Items]    
FAS/CAS service cost adjustment 223 208
Unallocated items, eliminations and other | Other Postretirement Benefit Plan, Defined Benefit    
Segment Reporting Information [Line Items]    
FAS/CAS service cost adjustment $ 68 $ 75
v3.23.1
Segment and Revenue Information - Reconciliation of Assets from Segment to Consolidated (Details) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Segment Reporting Information [Line Items]    
Assets $ 136,347 $ 137,100
Operating Segments | Commercial Airplanes    
Segment Reporting Information [Line Items]    
Assets 76,879 76,825
Operating Segments | Defense, Space & Security    
Segment Reporting Information [Line Items]    
Assets 15,311 14,426
Operating Segments | Global Services    
Segment Reporting Information [Line Items]    
Assets 16,491 16,149
Unallocated items, eliminations and other    
Segment Reporting Information [Line Items]    
Assets $ 27,666 $ 29,700