The Boeing Company
(NYSE:BA)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commerci...

Website: http://www.boeing.com

Founded: 1916

Full Time Employees: 15,600 (Dec 2022)

Founder: William E. Boeing

CEO: Dave Calhoun

Sector: Industrials

Industry: Aerospace & Defense

Drones Airplanes Aerospace

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At a glance:

Commercial Airplanes Production and Delivery Ramp Remains the Key Swing Factor: Boeing’s near-term performance is highly dependent on stabilizing and increasing 737 and 787 production rates, improving delivery cadence, and reducing rework and disruption risk across the supply chain.
Quality, Safety, and Regulatory Scrutiny Drive Execution Risk and Costs: Ongoing focus on manufacturing quality, safety processes, and compliance can lead to higher near-term costs, potential delivery delays, and tighter oversight, but is central to restoring customer and regulator confidence.
Backlog Provides Revenue Visibility but Timing and Mix Matter: A large commercial backlog supports long-term demand visibility, yet financial outcomes depend on the pace of converting backlog to deliveries, contract terms, and the mix between narrowbody and widebody aircraft.
Defense, Space & Security Offers Diversification with Program Execution Considerations: Defense and space programs can help diversify cash flows versus commercial cycles, but results can be affected by fixed-price development risks, contract performance, and potential charges on challenged programs.
Balance Sheet and Cash Generation Priorities Include Working Capital and Debt Management: Improving operating cash flow hinges on delivery-driven working capital release and disciplined capital allocation, with deleveraging and liquidity management remaining key priorities as execution stabilizes.

Bull Thesis:

Dominant Duopoly in Commercial Aviation: Boeing, alongside Airbus, holds a near-monopoly in the large commercial aircraft market. This duopoly is characterized by extremely high barriers to entry, ensuring long-term market share and pricing power for the company.
Substantial Order Backlog Provides Revenue Visibility: The company boasts a massive backlog of commercial aircraft orders, valued in the hundreds of billions of dollars. This extensive backlog guarantees years of production and revenue, providing significant stability even if new orders experience temporary slowdowns.
Resilient Defense, Space, and Security Portfolio: Boeing's defense, space, and security divisions provide a stable and diversified revenue stream through long-term government contracts. This segment helps offset some of the cyclicality and risks inherent in the commercial aviation market.
Global Air Travel Recovery Driving Demand: The ongoing recovery in global air travel, particularly for international routes, is fueling strong demand for new, more fuel-efficient aircraft and aftermarket services. This trend directly benefits Boeing's commercial segment as airlines look to modernize and expand their fleets.

Bear Thesis:

Persistent Production and Quality Control Challenges: Recent high-profile incidents, such as the 737 MAX door plug issue, highlight ongoing systemic problems in Boeing's production processes and quality control. These issues lead to slower delivery rates, increased scrutiny, and reputational damage.
Intensified Regulatory Scrutiny and Oversight: The Federal Aviation Administration (FAA) and other global regulators have significantly increased their oversight of Boeing's manufacturing and safety processes. This heightened scrutiny could lead to slower certification, production caps, and costly compliance measures.
Lingering Supply Chain Bottlenecks: Boeing continues to grapple with persistent global supply chain disruptions, affecting the availability of critical components like engines and other parts. These bottlenecks hinder its ability to ramp up production and meet delivery targets efficiently.
Significant Debt Load and Weak Free Cash Flow: The company carries a substantial debt burden, and ongoing production issues, compensation for past incidents, and investments in future programs continue to pressure free cash flow generation. This limits financial flexibility and potential for shareholder returns.

Main Competitors:

Airbus SE ($AIR (Euronext Paris)) (Commercial aircraft (A320, A330, A350)), The primary global competitor in the commercial aircraft market, offering a full range of passenger and cargo aircraft that directly compete with Boeing's 737, 787, and 777 families. They compete on fuel efficiency, capacity, range, and technological advancements, often engaging in fierce bidding wars for airline orders.
Lockheed Martin Corporation ($LMT (NYSE)) (Military aircraft (F-35, F-16), missiles, space systems), A major competitor in the defense sector, vying for contracts with governments worldwide for fighter jets, transport aircraft, missile defense systems, and advanced space technologies. They compete on performance, reliability, cutting-edge technology, and cost-effectiveness for military applications.
RTX Corporation (formerly Raytheon Technologies) ($RTX (NYSE)) (Aerospace and defense systems, engines (Pratt & Whitney), avionics, missiles), Competes with Boeing in various defense segments (e.g., missiles, radar, avionics) and also as a key supplier to Boeing (e.g., Pratt & Whitney engines for some Boeing aircraft). RTX also competes in aftermarket services, MRO (Maintenance, Repair, and Overhaul), and broader aerospace and defense systems.
Embraer S.A. ($ERJ (NYSE)) (Regional jets (E-Jets), executive jets, defense aircraft), While not directly competing with Boeing's largest commercial aircraft, Embraer is a significant player in the regional jet market, which can sometimes overlap with the smaller end of Boeing's commercial offerings (e.g., 737 MAX 7). They also compete in executive jets and some specialized defense segments.
Commercial Aircraft Corporation of China, Ltd. (COMAC) ($N/A (State-owned enterprise)) (C919 (narrow-body commercial jet), ARJ21 (regional jet)), An emerging long-term competitor, particularly in the narrow-body commercial aircraft market with its C919. While currently focused on the Chinese domestic market, COMAC aims to eventually challenge the Boeing-Airbus duopoly globally, competing on price, national preference, and growing technological capabilities.

Moat:

Boeing's competitive moat is primarily built upon extremely high barriers to entry, including immense capital investment, complex R&D, stringent certification processes, and the need for a global supply chain and service network. This has resulted in a commercial aviation duopoly with Airbus and an oligopoly in the defense sector. Switching costs for airlines and militaries are substantial due to investments in training, spare parts, and infrastructure. Competition is intense, particularly with Airbus for commercial aircraft orders, driving innovation in fuel efficiency and technology. In defense, competition is project-specific and influenced by geopolitical factors. Emerging players like COMAC represent a long-term threat, especially in the narrow-body segment and the crucial Chinese market, potentially eroding market share over decades.

Income Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31

sales of products	18,998,000,000	20,445,000,000	19,642,000,000	19,122,000,000	16,147,000,000	11,901,000,000	14,534,000,000	13,524,000,000	13,268,000,000	18,920,000,000	15,060,000,000	16,687,000,000	14,914,000,000	17,126,000,000	13,331,000,000	14,009,000,000	11,427,000,000	12,162,000,000	12,552,000,000	14,154,000,000	12,518,000,000	12,486,000,000	11,402,000,000	9,063,000,000	14,191,000,000	15,580,000,000	17,195,000,000	13,094,000,000	20,225,000,000	25,381,000,000	22,463,000,000	21,565,000,000	20,820,000,000	22,720,000,000	21,825,000,000	20,147,000,000	18,512,000,000	20,836,000,000	21,494,000,000	22,184,000,000	19,885,000,000	20,847,000,000	23,000,000,000	21,923,000,000	19,485,000,000	21,768,000,000	21,378,000,000	19,527,000,000	18,015,000,000	21,482,000,000	19,754,000,000	19,238,000,000	16,318,000,000	19,793,000,000	17,415,000,000	17,341,000,000	16,685,000,000	16,960,000,000	14,907,000,000	13,640,000,000	11,894,000,000	13,569,000,000	14,077,000,000	12,624,000,000	12,316,000,000	14,934,000,000	13,967,000,000	14,296,000,000	13,835,000,000
sales of services	3,219,000,000	3,503,000,000	3,628,000,000	3,627,000,000	3,349,000,000	3,341,000,000	3,306,000,000	3,342,000,000	3,301,000,000	3,098,000,000	3,044,000,000	3,064,000,000	3,007,000,000	2,854,000,000	2,625,000,000	2,672,000,000	2,564,000,000	2,631,000,000	2,726,000,000	2,844,000,000	2,699,000,000	2,818,000,000	2,737,000,000	2,744,000,000	2,717,000,000	2,331,000,000	2,785,000,000	2,657,000,000	2,692,000,000	2,960,000,000	2,683,000,000	2,693,000,000	2,562,000,000	2,648,000,000	2,484,000,000	2,592,000,000	2,464,000,000	2,450,000,000	2,404,000,000	2,571,000,000	2,747,000,000	2,726,000,000	2,849,000,000	2,620,000,000	2,664,000,000	2,700,000,000	2,406,000,000	2,518,000,000	2,450,000,000	2,303,000,000	2,376,000,000	2,577,000,000	2,575,000,000	2,509,000,000	2,593,000,000	2,664,000,000	2,698,000,000	2,595,000,000	2,820,000,000	2,903,000,000	3,016,000,000	2,981,000,000	2,890,000,000	2,949,000,000	2,900,000,000	3,003,000,000	2,721,000,000	2,858,000,000	2,667,000,000
total revenues	22,217,000,000	23,948,000,000	23,270,000,000	22,749,000,000	19,496,000,000	15,242,000,000	17,840,000,000	16,866,000,000	16,569,000,000	22,018,000,000	18,104,000,000	19,751,000,000	17,921,000,000	19,980,000,000	15,956,000,000	16,681,000,000	13,991,000,000	14,793,000,000	15,278,000,000	16,998,000,000	15,217,000,000	15,304,000,000	14,139,000,000	11,807,000,000	16,908,000,000	17,911,000,000	19,980,000,000	15,751,000,000	22,917,000,000	28,341,000,000	25,146,000,000	24,258,000,000	23,382,000,000	25,368,000,000	24,309,000,000	22,739,000,000	20,976,000,000	23,286,000,000	23,898,000,000	24,755,000,000	22,632,000,000	23,573,000,000	25,849,000,000	24,543,000,000	22,149,000,000	24,468,000,000	23,784,000,000	22,045,000,000	20,465,000,000	23,785,000,000	22,130,000,000	21,815,000,000	18,893,000,000	22,302,000,000	20,008,000,000	20,005,000,000	19,383,000,000	19,555,000,000	17,727,000,000	16,543,000,000	14,910,000,000	16,550,000,000	16,967,000,000	15,573,000,000	15,216,000,000	17,937,000,000	16,688,000,000	17,154,000,000	16,502,000,000
yoy	13.96%	57.12%	30.44%	34.88%	17.67%	-30.77%	-1.46%	-14.61%	-7.54%	10.20%	13.46%	18.40%	28.09%	35.06%	4.44%	-1.86%	-8.06%	-3.34%	8.06%	43.97%	-10.00%	-14.56%	-29.23%	-25.04%	-26.22%	-36.80%	-20.54%	-35.07%	-1.99%	11.72%	3.44%	6.68%	11.47%	8.94%	1.72%	-8.14%	-7.32%	-1.22%	-7.55%	0.86%	2.18%	-3.66%	8.68%	11.33%	8.23%	2.87%	7.47%	1.05%	8.32%	6.65%	10.61%	9.05%	-2.53%	14.05%	12.87%	20.93%	30.00%	18.16%	4.48%	6.23%	-2.01%	-7.73%	1.67%	-9.22%	-7.79%
qoq	-7.23%	2.91%	2.29%	16.69%	27.91%	-14.56%	5.77%	1.79%	-24.75%	21.62%	-8.34%	10.21%	-10.31%	25.22%	-4.35%	19.23%	-5.42%	-3.17%	-10.12%	11.70%	-0.57%	8.24%	19.75%	-30.17%	-5.60%	-10.36%	26.85%	-31.27%	-19.14%	12.71%	3.66%	3.75%	-7.83%	4.36%	6.90%	8.40%	-9.92%	-2.56%	-3.46%	9.38%	-3.99%	-8.80%	5.32%	10.81%	-9.48%	2.88%	7.89%	7.72%	-13.96%	7.48%	1.44%	15.47%	-15.29%	11.47%	0.01%	3.21%	-0.88%	10.31%	7.16%	10.95%	-9.91%	-2.46%	8.95%	2.35%	-15.17%	7.48%	-2.72%	3.95%
cost of products	-17,031,000,000	-19,239,000,000	-22,737,000,000	-17,406,000,000	-14,379,000,000	-14,010,000,000	-18,413,000,000	-12,907,000,000	-12,064,000,000	-16,724,000,000	-14,464,000,000	-15,123,000,000	-13,553,000,000	-15,732,000,000	-14,541,000,000	-12,284,000,000	-11,412,000,000	-14,788,000,000	-11,271,000,000	-12,263,000,000	-11,632,000,000	-18,567,000,000	-10,910,000,000																																		-13,661,000,000	-14,307,000,000	-12,006,000,000	-10,823,000,000	-9,506,000,000	-7,792,250,000	-11,232,000,000	-10,115,000,000	-9,822,000,000	-12,207,000,000	-12,273,000,000	-11,580,000,000	-11,579,000,000
cost of services	-2,640,000,000	-2,897,000,000	-2,908,000,000	-2,908,000,000	-2,700,000,000	-2,821,000,000	-2,934,000,000	-2,730,000,000	-2,629,000,000	-2,597,000,000	-2,475,000,000	-2,689,000,000	-2,445,000,000	-2,384,000,000	-2,230,000,000	-2,269,000,000	-2,226,000,000	-2,512,000,000	-2,288,000,000	-2,316,000,000	-2,167,000,000	-2,415,000,000	-2,185,000,000																																		-2,380,000,000	-1,920,000,000	-2,319,000,000	-2,348,000,000	-2,510,000,000	-1,784,250,000	-2,472,000,000	-2,384,000,000	-2,281,000,000	-2,258,000,000	-2,165,000,000	-2,184,000,000	-2,119,000,000
total costs and expenses	-19,671,000,000	-22,136,000,000	-25,645,000,000	-20,314,000,000	-17,079,000,000	-16,831,000,000	-21,347,000,000	-15,637,000,000	-14,693,000,000	-19,321,000,000	-16,939,000,000	-17,812,000,000	-15,998,000,000	-18,124,000,000	-16,778,000,000	-14,559,000,000	-13,645,000,000	-17,307,000,000	-13,566,000,000	-14,588,000,000	-13,808,000,000	-20,992,000,000	-13,105,000,000																																		-16,069,000,000	-16,261,000,000	-14,357,000,000	-13,200,000,000	-12,049,000,000	-9,607,500,000	-13,746,000,000	-12,540,000,000	-12,144,000,000	-14,508,000,000	-14,480,000,000	-13,807,000,000	-13,745,000,000
income from operating investments	-10,000,000	-41,999,975	14,000,000	25,000,000	3,000,000	-58,999,929	-15,000,000	7,000,000	67,000,000	-44,999,954	28,000,000	44,000,000		26,999,984	-24,000,000	17,000,000	-20,000,000	-194,999,790	120,000,000			-15,250,000	-14,000,000						20,000,000	-1,000,000	32,000,000	6,000,000	74,000,000	35,000,000	49,000,000	39,000,000	81,000,000	83,000,000	69,000,000	97,000,000	54,000,000	67,000,000	78,000,000	50,000,000	79,000,000	75,000,000	92,000,000	61,000,000	59,000,000	67,000,000	59,000,000	43,000,000	45,000,000	57,000,000	120,000,000	45,000,000	46,000,000	76,000,000	52,000,000	88,000,000	62,000,000	80,000,000	74,000,000	54,000,000	59,000,000	63,000,000	84,000,000	70,000,000	32,000,000
general and administrative expense	-1,197,000,000	4,426,993,910	-1,522,000,000	-1,793,000,000	-1,112,000,000	3,622,994,979	-1,085,000,000	-1,377,000,000	-1,161,000,000	3,632,994,832	-1,043,000,000	-1,286,000,000	-1,304,000,000	2,756,995,813	-1,226,000,000	-668,000,000	-863,000,000	3,168,995,843	-1,097,000,000	-1,040,000,000	-1,032,000,000	-1,828,000,000	-955,000,000																																		-955,000,000	-864,000,000	-807,000,000	-870,000,000	-866,000,000	-666,750,000	-936,000,000	-778,000,000	-953,000,000	-780,000,000	-868,000,000	-925,000,000	-791,000,000
research and development expense	-903,000,000	2,650,996,385	-897,000,000	-910,000,000	-844,000,000	2,975,996,188	-1,154,000,000	-954,000,000	-868,000,000	2,495,996,623	-958,000,000	-797,000,000	-741,000,000	2,057,997,148	-727,000,000	-698,000,000	-633,000,000	1,570,997,751	-575,000,000	-497,000,000	-499,000,000	-605,000,000	-574,000,000																																		-835,000,000	-913,000,000	-901,000,000	-1,047,000,000	-1,057,000,000	-746,750,000	-986,000,000	-1,001,000,000	-1,000,000,000	-1,376,000,000	-3,574,000,000	-960,000,000	-970,000,000
gain on dispositions	12,000,000	-62,990,328	-1,000,000	67,000,000		-4,999,954		5,000,000		-999,998		1,000,000		-1,999,994		1,000,000	1,000,000	-282,999,723	169,000,000	112,000,000	2,000,000			38,000,000	54,000,000			192,000,000	108,000,000	19,000,000	69,000,000		4,000,000				2,000,000				4,000,000				1,000,000			2,000,000					22,000,000					5,000,000
earnings from operations	448,000,000			-176,000,000	461,000,000							-99,000,000		-798,500,000	-2,799,000,000	774,000,000		317,250,000	329,000,000							57,250,000	1,259,000,000		2,350,000,000	4,175,000,000	2,227,000,000	2,710,000,000	2,875,000,000	3,030,000,000	2,689,000,000		2,024,000,000	2,183,000,000	2,282,000,000		1,788,000,000	1,161,000,000	2,580,000,000	1,683,000,000	2,019,000,000	2,025,000,000	2,119,000,000	1,787,000,000	1,542,000,000	1,515,000,000	1,803,000,000	1,716,000,000	1,528,000,000	1,629,000,000	1,564,000,000	1,548,000,000	1,570,000,000	1,597,000,000	1,714,000,000	1,534,000,000	1,000,000,000			1,307,000,000	1,174,000,000			1,529,000,000	1,025,000,000
other income	194,000,000	-923,998,875	276,000,000	325,000,000	323,000,000	-789,998,778	265,000,000	248,000,000	277,000,000	-918,998,773	297,000,000	320,000,000	302,000,000	-721,998,942	288,000,000	253,000,000	181,000,000	-418,999,449	30,000,000	199,000,000	190,000,000	122,000,000	119,000,000	94,000,000	112,000,000	104,000,000	121,000,000		106,000,000	15,750,000	12,000,000		66,000,000	23,500,000	45,000,000	27,000,000	22,000,000			13,000,000				15,000,000				11,000,000	9,000,000	15,000,000	19,000,000	13,000,000	9,000,000	23,000,000	17,000,000	10,000,000	12,000,000			14,000,000				35,000,000				47,000,000
interest and debt expense	-616,000,000	2,111,997,229	-694,000,000	-710,000,000	-708,000,000	1,969,997,275	-728,000,000	-673,000,000	-569,000,000	1,858,997,541	-589,000,000	-621,000,000	-649,000,000	1,900,997,467	-621,000,000	-650,000,000	-630,000,000	2,020,997,318	-669,000,000	-673,000,000	-679,000,000	-698,000,000	-643,000,000																																		-119,000,000	-124,000,000	-121,000,000	-123,000,000	-130,000,000	-96,000,000	-130,000,000	-132,000,000	-122,000,000	-110,000,000	-92,000,000	-80,000,000	-57,000,000
earnings before income taxes	26,000,000				76,000,000							-400,000,000				377,000,000										20,750,000	1,177,000,000		2,333,000,000	4,046,000,000	2,133,000,000	2,586,000,000	2,839,000,000	2,972,000,000	2,647,000,000		1,959,000,000	2,103,000,000	2,203,000,000		1,741,000,000	1,099,000,000	2,487,000,000	1,623,000,000	1,946,000,000	1,930,000,000	2,031,000,000	1,717,000,000	1,459,000,000	1,434,000,000	1,727,000,000	1,633,000,000	1,438,000,000	1,535,000,000	1,466,000,000	1,446,000,000	1,463,000,000	1,444,000,000	1,642,000,000	1,425,000,000	883,000,000			1,210,000,000	1,050,000,000			1,496,000,000	932,000,000
income tax expense	-33,000,000									-54,000,000	-538,000,000																																														-539,000,000	-57,000,000	-548,000,000	-483,000,000	-295,000,000			-421,000,000	-531,000,000			-499,000,000	-317,000,000
net income	-7,000,000	-1,495,500,000	-5,339,000,000	-612,000,000	-31,000,000	7,967,988,171	-6,174,000,000	-1,439,000,000	-355,000,000	2,211,997,758	-1,638,000,000		-425,000,000	4,389,994,947	-3,308,000,000		-1,242,000,000	125,995,710	-132,000,000		-561,000,000
yoy	-77.42%	-118.77%	-13.52%	-57.47%	-91.27%	260.22%	276.92%		-16.47%	-49.61%	-50.48%		-65.78%	3384.24%	2406.06%		121.39%
qoq	-99.53%	-71.99%	772.39%	1874.19%	-100.39%	-229.06%	329.05%	305.35%	-116.05%	-235.04%			-109.68%	-232.71%			-1085.75%	-195.45%
net income margin %	-0.03%	-6.24%	-22.94%	-2.69%	-0.16%	52.28%	-34.61%	-8.53%	-2.14%	10.05%	-9.05%	0%	-2.37%	21.97%	-20.73%	0%	-8.88%	0.85%	-0.86%	0%	-3.69%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
less: net earnings attributable to noncontrolling interest	-3,000,000	-2,999,997	-2,000,000	-1,000,000	6,000,000
net loss attributable to boeing shareholders	-4,000,000	-1,496,250,000	-5,337,000,000	-611,000,000	-37,000,000	7,951,988,183	-6,170,000,000	-1,439,000,000	-343,000,000	2,198,997,778	-1,636,000,000		-414,000,000	4,300,995,065	-3,275,000,000		-1,219,000,000	58,995,798	-109,000,000
less: mandatory convertible preferred stock dividends accumulated during the period	86,000,000	-258,999,655	87,000,000	86,000,000	86,000,000
net loss attributable to boeing common shareholders	-90,000,000	-1,561,000,000	-5,424,000,000	-697,000,000	-123,000,000
basic loss per share	-0.11	-2.063	-7.14	-0.92	-0.16	-5.45	-9.97	-2.33	-0.56	-0.03	-2.7		-0.69	-1.06	-5.49		-2.06	-7.05	-0.19		-0.92			-4.2
diluted loss per share	-0.11	-2.063	-7.14	-0.92	-0.16	-5.45	-9.97	-2.33	-0.56	-0.03	-2.7		-0.69	-1.06	-5.49		-2.06	-7.05	-0.19		-0.92			-4.2
2,477		619,250,000	-2,375,000,000
income from operations		-1,124,000,000	-4,781,000,000			6,936,989,293	-5,761,000,000	-1,090,000,000	-86,000,000	1,055,999,227	-808,000,000		-149,000,000				-1,169,000,000				-83,000,000
yoy		-116.20%	-17.01%			556.91%	613.00%		-42.28%				-87.25%				1308.43%
qoq		-76.49%				-220.41%	428.53%	1167.44%	-108.14%	-230.69%
operating margin %	0%	-4.69%	-20.55%	0%	0%	45.51%	-32.29%	-6.46%	-0.52%	4.80%	-4.46%	0%	-0.83%	0%	0%	0%	-8.36%	0%	0%	0%	-0.55%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
income before income taxes		-1,421,000,000	-5,199,000,000	-561,000,000		8,116,987,790	-6,224,000,000	-1,515,000,000	-378,000,000	1,995,997,995	-1,100,000,000		-496,000,000	4,372,994,978	-3,132,000,000		-1,618,000,000	332,994,967	-310,000,000		-572,000,000
income tax benefit		297,999,603	-140,000,000	-51,000,000	-107,000,000	-148,999,619	50,000,000	76,000,000	23,000,000			251,000,000	71,000,000	16,999,969	-176,000,000	-217,000,000	376,000,000	-206,999,257	178,000,000	18,000,000	11,000,000			1,028,000,000
4,852				2,435,000,000
loss on dispositions					-3,000,000																																																											-1,000,000	-4,000,000
less: net loss attributable to noncontrolling interest						15,999,988	-4,000,000		-12,000,000	12,999,980	-2,000,000		-11,000,000	88,999,882	-33,000,000	-33,000,000	-23,000,000	66,999,912	-23,000,000
weighted-average diluted shares							618.8	616.6	613.2		607.2	605.5	602.5		596.3	596.4	591.7		589	590.2	585.4		566.6	566.4	565.9		569.2	565.3	572.4		580.8	588.7	597.2		606.3	609.6	621.2		632.7	636.3	665.8		689	698.9	714.2		731.9	740.1	754.1		769.1	771.8	768.7		765.2	762	759.6		753.9	752.6	749		744.6	742.9	740.1		701.3	707.4	707.4
3,105								1,229,000,000
5,027										1,256,750,000	1,165,000,000
3,862												1,939,000,000
net earnings												-149,000,000				160,000,000										93,500,000	1,167,000,000		2,149,000,000	3,424,000,000	2,363,000,000	2,196,000,000	2,477,000,000	3,132,000,000	1,853,000,000		1,451,000,000	1,631,000,000	2,279,000,000		1,219,000,000	1,026,000,000	1,704,000,000	1,110,000,000	1,336,000,000	1,466,000,000	1,362,000,000	1,653,000,000	965,000,000	1,233,000,000	1,158,000,000	1,088,000,000	1,106,000,000	978,000,000	1,032,000,000	967,000,000	923,000,000	1,393,000,000	1,098,000,000	941,000,000	586,000,000			787,000,000	519,000,000			998,000,000	610,000,000
net earnings attributable to boeing shareholders												-149,000,000				193,000,000
basic earnings per share												-0.25				0.32										0.165	2.07		3.79	5.97	4.11	3.77	4.19	5.23	3.1		2.36	2.61	3.64		1.85	1.53	2.5	1.61	1.89	2.04	1.88	2.26	1.3	1.63	1.53	1.43	1.45	1.29	1.36	1.28	1.23	1.87	1.47	1.27	0.79			1.07	0.71			1.42	0.87
diluted earnings per share												-0.25				0.32										0.165	2.05		3.75	5.9	4.07	3.73	4.15	5.16	3.06		2.34	2.57	3.6		1.83	1.52	2.47	1.59	1.87	2.02	1.86	2.24	1.28	1.6	1.51	1.41	1.44	1.27	1.35	1.27	1.22	1.85	1.46	1.25	0.78			1.06	0.7			1.41	0.86
loss from operating investments													-27,000,000
boeing capital interest expense														-8,000,000	-7,000,000	-6,000,000	-7,000,000	-7,000,000	-7,000,000	-9,000,000	-9,000,000	-10,000,000	-10,000,000																																		-28,000,000
1,646														411,500,000	-822,000,000
2,468																2,122,000,000
5,531																		1,382,750,000	1,712,000,000
3,819																				2,410,000,000
income/(loss) from operating investments																				38,000,000	37,000,000
earnings/(loss) from operations																				1,023,000,000																2,535,000,000																										967,000,000	1,387,000,000			100,750,000	-2,151,000,000
(loss)/earnings before income taxes																				549,000,000		-8,625,000,000	-925,000,000
net earnings/																				567,000,000																1,761,000,000				-234,000,000																						535,750,000	837,000,000			11,000,000	-1,564,000,000
less: net income attributable to noncontrolling interest																				-20,000,000	-24,000,000	-19,000,000	-17,000,000
net earnings/(loss) attributable to boeing shareholders																				587,000,000
basic earnings/(loss) per share																				1																2.93				-0.37																						0.728	1.13			0.018	-2.23
diluted earnings/(loss) per share																				1																2.89				-0.37																						0.723	1.12			0.015	-2.23
net income attributable to boeing shareholders																					-537,000,000			-2,376,000,000
3																						750,000	1,034,000,000
gain/(loss) on dispositions																						50,000,000	108,000,000			74,000,000						3,000,000														500,000				5,250,000										20,000,000		-3,000,000	14,000,000
(loss)/earnings from operations																						-8,049,000,000	-401,000,000
income tax benefit/																						186,000,000	459,000,000		862,000,000	1,332,000,000		485,000,000
net (loss)/earnings																						-8,439,000,000	-466,000,000					-2,942,000,000
net (loss)/earnings attributable to boeing shareholders																						-8,420,000,000	-449,000,000		-628,000,000
basic (loss)/earnings per share																						-14.78	-0.79		-1.11			-5.21
diluted (loss)/earnings per share																						-14.78	-0.79		-1.11			-5.21
(1,031
(loss)/income from operating investments
5,263																										1,315,750,000	3,050,000,000
2,213
other income/(loss)																												107,000,000										-1,000,000	2,000,000		26,000,000					2,750,000																				1,750,000	-4,000,000
13,386																														3,346,500,000	4,106,000,000
income tax (expense)/benefit																															230,000,000								76,000,000	245,000,000																						-339,750,000	-407,000,000			-32,250,000	687,000,000
cash dividends paid per share																														1.283	1.71	1.71	1.71	1.065	1.42	1.42	1.42	0.818	1.09	1.09	1.09	0.683	0.91	0.91	0.91	0.548	0.73	0.73	0.73	0.364	0.485	0.485	0.49	0.33	0.44	0.44	0.44	0.315	0.42	0.42	0.42	0.315	0.42	0.42	0.42	0.315	0.42	0.42	0.42
9,280																																4,722,000,000
12,385																																		3,096,250,000	4,322,000,000
8,063																																				4,351,000,000
earnings/(loss) before income taxes																																				2,469,000,000																										876,000,000	1,244,000,000			45,250,000	-2,247,000,000
9,959																																						2,489,750,000	3,994,000,000
5,965																																								2,430,000,000
(loss)/gain on dispositions																																																																		-17,000,000	-1,000,000	-3,000,000
11,095																																										2,773,750,000	4,249,000,000
other (loss)/income																																																																					-36,000,000
6,846																																												3,193,000,000
10,253																																														2,563,250,000	3,709,000,000
net earnings from continuing operations																																														1,466,000,000	1,362,000,000	1,653,000,000	965,000,000	1,233,000,000	1,160,000,000	1,087,000,000	1,106,000,000	978,000,000	1,034,000,000	967,000,000	924,000,000	1,387,000,000	1,094,000,000	942,000,000	588,000,000			789,000,000	519,000,000			997,000,000	615,000,000
net income on disposal of discontinued operations, net of taxes of 0, 0, 0 and 0
basic earnings per share from continuing operations																																														2.04	1.88	2.26	1.3	1.63	1.53	1.43	1.45	1.29	1.36	1.28	1.23	1.86	1.47	1.27	0.79			1.07	0.71			1.42	0.88
net income on disposal of discontinued operations, net of taxes
diluted earnings per share from continuing operations																																														2.02	1.86	2.24	1.28	1.6	1.51	1.41	1.44	1.27	1.35	1.27	1.22	1.84	1.46	1.25	0.78			1.06	0.7			1.41	0.87
6,544																																																3,375,000,000
net gain on disposal of discontinued operations, net of taxes of 0, 0, 0 and 0
net gain on disposal of discontinued operations, net of taxes
9,958																																																		2,489,500,000	3,456,000,000
net income on disposal of discontinued operations, net of taxes of 0, 2, 0 and 1
6,502																																																				3,365,000,000
net gain/(loss) on disposal of discontinued operations, net of taxes of 0, 1, 0 and 0																																																				1,000,000
net gain/(loss) on disposal of discontinued operations, net of taxes
net income on disposal of discontinued operations, net of taxes of 0 and 1
9,793																																																						2,448,250,000	3,214,000,000
net																																																																		-15,000,000	-4,000,000	1,000,000	-5,000,000
net (loss)/gain on disposal of discontinued operations, net of taxes																																																																		-0.02	-0.01		-0.01
comprehensive income																																																						1,041.25	1,590	1,246	1,329
6,579																																																								3,265,000,000
net income on disposal of discontinued operations, net of taxes of 1, 1, 0 and 0
net income on disposal of discontinued operations, net of taxes of 1 and 1																																																									-1,000,000
boeing capital corporation interest expense																																																										-34,000,000	-32,000,000	-29,000,000	-33,000,000	-31,000,000	-42,000,000	-41,000,000	-41,000,000	-43,000,000	-42,000,000	-43,000,000	-47,000,000
other income/(expense)																																																										-29,000,000	49,000,000		13,000,000	32,000,000	-13,000,000
net gain/(loss) on disposal of discontinued operations, net of taxes of 0, 1, and 0																																																										250,000	4,000,000
net income on disposal of discontinued operations, net of taxes of 1, 1, 0 and 1																																																												-1,000,000
net income on disposal of discontinued operations, net of taxes of 1																																																													-2,000,000
net earnings/(loss) from continuing operations																																																														536,250,000	837,000,000			13,000,000	-1,560,000,000
net income on disposal of discontinued operations, net of taxes of 1, 5, 0 and 2																																																														-500,000
basic earnings/(loss) per share from continuing operations																																																														0.728	1.13			0.02	-2.22
diluted earnings/(loss) per share from continuing operations																																																														0.723	1.12			0.018	-2.22
net (loss)/gain on disposal of discontinued operations, net of taxes of 1, 3, 1 and 0																																																																-2,000,000
other expense																																																																	-2,000,000
net loss on disposal of discontinued operations, net of taxes of 3
net loss on disposal of discontinued operations, net of taxes
loss on dispositions/business shutdown																																																																					-3,000,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31

assets
cash and cash equivalents	9,441,000,000	10,921,000,000	6,173,000,000	7,087,000,000	10,142,000,000	13,801,000,000	9,961,000,000	10,894,000,000	6,914,000,000	12,691,000,000	6,811,000,000	7,254,000,000	10,812,000,000	14,614,000,000	13,494,000,000	10,090,000,000	7,409,000,000	8,052,000,000	9,764,000,000	8,271,000,000	7,059,000,000	7,752,000,000	10,564,000,000	19,992,000,000	15,039,000,000	9,485,000,000	9,763,000,000	9,167,000,000	6,836,000,000	7,637,000,000	8,034,000,000	8,121,000,000	9,235,000,000	8,813,000,000	8,569,000,000	8,737,000,000	8,190,000,000	8,801,000,000	8,986,000,000	8,605,000,000	7,886,000,000	11,302,000,000	9,383,000,000	9,157,000,000	8,655,000,000	11,733,000,000	6,655,000,000	7,533,000,000	6,942,000,000	9,088,000,000	10,041,000,000	8,694,000,000	8,335,000,000	10,341,000,000	6,582,000,000	6,305,000,000	6,718,000,000	10,049,000,000	5,954,000,000	5,050,000,000	5,670,000,000	5,359,000,000	2,864,000,000	4,468,000,000	4,517,000,000	9,215,000,000	6,095,000,000	4,599,000,000	4,237,000,000
short-term and other investments	11,464,000,000	18,479,000,000	16,811,000,000	15,880,000,000	13,532,000,000	12,481,000,000	509,000,000	1,727,000,000	615,000,000	3,274,000,000	6,561,000,000	6,508,000,000	3,955,000,000	2,606,000,000	763,000,000	1,358,000,000	4,873,000,000	8,192,000,000	10,231,000,000	13,071,000,000	14,861,000,000	17,838,000,000	16,552,000,000	12,438,000,000	488,000,000	545,000,000	1,150,000,000	439,000,000	893,000,000	927,000,000	1,956,000,000	1,649,000,000	656,000,000	1,179,000,000	1,463,000,000	1,589,000,000	1,015,000,000	1,228,000,000	682,000,000	660,000,000	466,000,000	750,000,000	474,000,000	468,000,000	976,000,000	1,359,000,000	3,422,000,000	3,797,000,000	5,282,000,000	6,170,000,000	5,870,000,000	5,631,000,000	3,518,000,000	3,217,000,000	4,590,000,000	4,002,000,000	3,798,000,000	1,223,000,000	3,279,000,000	3,752,000,000	2,102,000,000	5,158,000,000	7,102,000,000	5,558,000,000
accounts receivable	3,485,000,000	2,921,000,000	3,314,000,000	3,190,000,000	3,204,000,000	2,631,000,000	2,894,000,000	3,155,000,000	2,959,000,000	2,649,000,000	3,032,000,000	2,945,000,000	2,862,000,000	2,517,000,000	2,673,000,000	2,996,000,000	2,407,000,000	2,641,000,000	2,247,000,000	2,490,000,000	2,356,000,000	1,955,000,000	2,762,000,000	2,793,000,000	3,211,000,000	3,266,000,000	3,564,000,000	3,291,000,000	3,669,000,000	3,879,000,000	2,893,000,000	2,823,000,000	2,802,000,000	10,516,000,000	10,644,000,000	9,503,000,000	9,335,000,000	8,832,000,000	9,524,000,000	9,809,000,000	9,711,000,000	8,713,000,000	8,854,000,000	7,927,000,000	8,087,000,000	7,729,000,000	7,799,000,000	7,694,000,000	7,341,000,000	6,546,000,000	6,652,000,000	6,406,000,000	6,351,000,000	5,608,000,000	5,437,000,000	5,894,000,000	6,475,000,000	5,793,000,000	6,296,000,000	6,162,000,000	6,036,000,000	5,422,000,000	6,445,000,000	6,565,000,000	6,359,000,000	5,785,000,000	6,718,000,000	6,588,000,000	6,238,000,000
unbilled receivables	9,793,000,000	9,158,000,000	9,032,000,000	9,261,000,000	9,031,000,000	8,363,000,000	9,356,000,000	9,660,000,000	9,673,000,000	8,317,000,000	9,184,000,000	9,357,000,000	9,689,000,000	8,634,000,000	9,316,000,000	9,394,000,000	8,991,000,000	8,620,000,000	10,009,000,000	9,203,000,000	8,785,000,000	7,995,000,000	8,860,000,000	8,570,000,000	9,365,000,000	9,043,000,000	11,078,000,000	10,247,000,000	10,208,000,000	10,025,000,000	9,936,000,000	9,868,000,000	9,822,000,000
inventories	87,225,000,000	84,679,000,000	82,425,000,000	87,853,000,000	89,077,000,000	87,550,000,000	83,341,000,000	85,661,000,000	83,471,000,000	79,741,000,000	78,972,000,000	78,322,000,000	78,503,000,000	78,151,000,000	79,777,000,000	79,917,000,000	79,819,000,000	78,823,000,000	81,897,000,000	81,799,000,000	82,668,000,000	81,715,000,000	86,961,000,000	83,745,000,000	80,020,000,000	76,622,000,000	73,279,000,000	68,492,000,000	65,369,000,000	62,567,000,000	62,038,000,000	61,250,000,000	61,303,000,000
other current assets	2,733,000,000	2,301,000,000	2,904,000,000	2,563,000,000	2,474,000,000	2,965,000,000	2,918,000,000	3,282,000,000	2,843,000,000	2,504,000,000	2,287,000,000	2,941,000,000	2,857,000,000	2,847,000,000	3,073,000,000	2,086,000,000	2,356,000,000	2,221,000,000	2,664,000,000	4,187,000,000	4,123,000,000	4,286,000,000	5,213,000,000	2,624,000,000	2,739,000,000	3,106,000,000	2,656,000,000	3,304,000,000	2,194,000,000	2,335,000,000	2,398,000,000	2,396,000,000	2,481,000,000
total current assets	124,141,000,000	128,459,000,000	122,132,000,000	127,301,000,000	127,662,000,000	127,998,000,000	109,436,000,000	114,439,000,000	106,532,000,000	109,275,000,000	106,935,000,000	107,412,000,000	108,811,000,000	109,523,000,000	109,251,000,000	106,000,000,000	106,012,000,000	108,666,000,000	116,888,000,000	119,095,000,000	119,945,000,000	121,642,000,000	131,012,000,000	130,277,000,000	111,011,000,000	102,229,000,000	101,656,000,000	95,111,000,000	89,509,000,000	87,830,000,000	87,686,000,000	86,401,000,000	86,543,000,000	65,161,000,000	64,142,000,000	62,831,000,000	62,367,000,000	62,488,000,000	62,237,000,000	63,507,000,000	65,587,000,000	68,234,000,000	67,576,000,000	66,806,000,000	66,421,000,000	67,785,000,000	65,218,000,000	65,527,000,000	64,777,000,000	65,074,000,000	64,162,000,000	61,310,000,000	59,490,000,000	57,309,000,000	53,778,000,000	51,608,000,000	50,131,000,000	49,810,000,000	46,347,000,000	44,353,000,000	41,009,000,000	40,572,000,000	39,454,000,000	38,327,000,000	36,798,000,000	35,275,000,000	30,227,000,000	30,120,000,000	27,804,000,000
financing receivables and operating lease equipment	389,000,000	241,000,000	245,000,000	318,000,000	308,000,000	314,000,000	321,000,000	785,000,000	833,000,000	860,000,000
property, plant and equipment, net of accumulated depreciation	15,763,000,000		12,078,000,000	11,658,000,000	11,459,000,000		11,236,000,000	10,976,000,000	10,696,000,000		10,484,000,000	10,455,000,000	10,493,000,000		10,508,000,000	10,617,000,000	10,755,000,000		11,113,000,000	11,341,000,000	11,643,000,000		11,969,000,000	12,182,000,000	12,405,000,000		12,527,000,000	12,601,000,000	12,594,000,000		12,571,000,000	12,605,000,000	12,628,000,000		12,712,000,000	12,820,000,000	12,842,000,000		12,713,000,000	12,533,000,000	12,269,000,000		11,614,000,000	11,338,000,000	11,172,000,000		10,707,000,000	10,449,000,000	10,263,000,000		9,987,000,000	9,814,000,000	9,736,000,000		9,496,000,000	9,453,000,000	9,399,000,000		9,190,000,000	9,044,000,000	8,973,000,000		8,671,000,000	8,584,000,000	8,693,000,000		8,912,000,000	8,808,000,000	8,798,000,000
goodwill	17,633,000,000	17,275,000,000	7,281,000,000	7,280,000,000	8,091,000,000	8,084,000,000	8,112,000,000	8,108,000,000	8,089,000,000	8,093,000,000	8,069,000,000	8,061,000,000	8,063,000,000	8,057,000,000	8,045,000,000	8,055,000,000	8,065,000,000	8,068,000,000	8,070,000,000	8,076,000,000	8,074,000,000	8,081,000,000	8,071,000,000	8,064,000,000	8,057,000,000	8,060,000,000	8,063,000,000	8,051,000,000	7,967,000,000	7,840,000,000	5,722,000,000	5,550,000,000	5,558,000,000	5,559,000,000	5,344,000,000	5,347,000,000	5,342,000,000	5,324,000,000	5,128,000,000	5,128,000,000	5,132,000,000	5,126,000,000	5,122,000,000	5,126,000,000	5,105,000,000	5,119,000,000	5,131,000,000	5,139,000,000	5,046,000,000	5,043,000,000	5,047,000,000	5,043,000,000	5,049,000,000	5,035,000,000	4,961,000,000	4,955,000,000	4,950,000,000	4,945,000,000	4,939,000,000	4,949,000,000	4,944,000,000	4,937,000,000	4,871,000,000	4,302,000,000	4,317,000,000	4,319,000,000	4,293,000,000	3,688,000,000	3,654,000,000
acquired intangible assets	1,517,000,000	1,567,000,000	1,495,000,000	1,542,000,000	1,904,000,000	1,957,000,000	2,011,000,000	2,067,000,000	2,034,000,000	2,094,000,000	2,143,000,000	2,194,000,000	2,254,000,000	2,311,000,000	2,371,000,000	2,431,000,000	2,492,000,000	2,562,000,000	2,631,000,000	2,702,000,000	2,773,000,000	2,843,000,000	2,941,000,000	3,019,000,000	3,256,000,000	3,338,000,000	3,587,000,000	3,761,000,000	3,498,000,000	3,429,000,000	2,530,000,000	2,494,000,000	2,525,000,000	2,573,000,000	2,523,000,000	2,567,000,000	2,496,000,000	2,540,000,000	2,488,000,000	2,544,000,000	2,594,000,000	2,657,000,000	2,706,000,000	2,763,000,000	2,809,000,000	2,869,000,000	2,954,000,000	3,004,000,000	2,996,000,000	3,052,000,000	2,962,000,000	3,011,000,000	3,075,000,000	3,111,000,000	2,930,000,000	2,980,000,000	2,993,000,000	3,044,000,000	3,095,000,000	3,141,000,000	2,933,000,000
deferred income taxes	136,000,000	107,000,000	44,000,000	136,000,000	137,000,000	185,000,000	44,000,000	291,000,000	68,000,000	59,000,000	64,000,000	66,000,000	65,000,000	63,000,000	77,000,000	106,000,000	91,000,000	77,000,000	74,000,000	84,000,000	79,000,000	86,000,000	704,000,000	729,000,000	678,000,000	683,000,000	296,000,000	357,000,000	281,000,000	284,000,000	323,000,000	325,000,000	325,000,000	341,000,000	298,000,000	325,000,000	336,000,000	332,000,000	265,000,000	267,000,000	267,000,000	265,000,000	14,000,000	17,000,000	17,000,000	18,000,000	27,000,000	15,000,000	15,000,000	14,000,000	43,000,000	25,000,000	29,000,000	28,000,000	34,000,000	30,000,000	30,000,000	29,000,000	31,000,000	35,000,000	37,000,000	31,000,000	1,066,000,000	1,052,000,000	1,030,000,000	966,000,000	741,000,000	1,099,000,000	1,114,000,000
investments	1,048,000,000	1,048,000,000	1,050,000,000	1,036,000,000	1,001,000,000	999,000,000	1,030,000,000	1,026,000,000	1,042,000,000	1,035,000,000	1,061,000,000	1,025,000,000	969,000,000	983,000,000	979,000,000	981,000,000	992,000,000	975,000,000	963,000,000	883,000,000	980,000,000	1,016,000,000	1,052,000,000	1,066,000,000	1,124,000,000	1,092,000,000	1,117,000,000	1,142,000,000	1,183,000,000	1,087,000,000	1,190,000,000	1,203,000,000	1,248,000,000	1,260,000,000	1,270,000,000	1,278,000,000	1,319,000,000	1,317,000,000	1,303,000,000	1,312,000,000	1,297,000,000	1,284,000,000	1,277,000,000	1,256,000,000	1,154,000,000	1,154,000,000	1,203,000,000	1,196,000,000	1,208,000,000	1,204,000,000	1,168,000,000	1,166,000,000	1,177,000,000	1,180,000,000	1,195,000,000	1,004,000,000	1,037,000,000	1,043,000,000	1,109,000,000	1,117,000,000	1,091,000,000	1,111,000,000	1,035,000,000	1,008,000,000	1,030,000,000	1,030,000,000	1,120,000,000	1,188,000,000	1,261,000,000
other assets, net of accumulated amortization of 1,076 and 1,014	4,160,000,000
total assets	164,787,000,000	168,235,000,000	150,023,000,000	155,120,000,000	156,494,000,000	156,363,000,000	137,695,000,000	142,720,000,000	134,484,000,000	137,012,000,000	134,281,000,000	134,774,000,000	136,347,000,000	137,100,000,000	137,558,000,000	135,479,000,000	135,801,000,000	138,552,000,000	146,846,000,000	148,935,000,000	150,035,000,000	152,136,000,000	161,261,000,000	162,872,000,000	143,075,000,000	133,625,000,000	132,598,000,000	126,261,000,000	120,209,000,000	117,359,000,000	114,659,000,000	113,195,000,000	113,549,000,000	92,333,000,000	91,007,000,000	90,036,000,000	89,673,000,000	89,997,000,000	88,950,000,000	89,609,000,000	91,547,000,000	94,408,000,000	98,998,000,000	98,102,000,000	97,775,000,000	99,198,000,000	92,653,000,000	92,737,000,000	91,575,000,000	92,663,000,000	94,633,000,000	92,091,000,000	90,447,000,000	88,896,000,000	83,654,000,000	81,595,000,000	80,205,000,000	79,986,000,000	74,163,000,000	72,119,000,000	68,760,000,000	68,565,000,000	65,222,000,000	63,755,000,000	62,970,000,000	62,053,000,000	58,667,000,000	57,712,000,000	55,340,000,000
liabilities and equity
accounts payable	13,713,000,000	13,109,000,000	11,732,000,000	11,238,000,000	11,034,000,000	11,364,000,000	12,267,000,000	11,864,000,000	11,616,000,000	11,964,000,000	11,143,000,000	10,936,000,000	10,274,000,000	10,200,000,000	9,793,000,000	9,575,000,000	8,779,000,000	9,261,000,000	10,151,000,000	11,450,000,000	12,410,000,000	12,928,000,000	14,479,000,000	13,700,000,000	14,963,000,000	15,553,000,000	15,101,000,000	15,267,000,000	14,693,000,000	12,916,000,000	13,663,000,000	12,904,000,000	12,613,000,000	12,202,000,000	12,718,000,000	12,093,000,000	11,964,000,000	11,190,000,000	11,968,000,000	11,748,000,000	11,558,000,000	10,800,000,000	11,777,000,000	11,531,000,000	11,497,000,000	10,667,000,000	11,136,000,000	11,060,000,000	10,779,000,000	9,498,000,000	10,657,000,000	10,437,000,000	9,876,000,000	9,394,000,000	9,152,000,000	9,273,000,000	9,041,000,000	8,406,000,000	8,502,000,000	8,262,000,000	8,304,000,000	7,715,000,000	7,563,000,000	6,960,000,000	7,469,000,000	7,096,000,000	7,053,000,000	6,664,000,000
accrued liabilities	26,388,000,000	27,141,000,000	24,364,000,000	23,508,000,000	23,576,000,000	24,103,000,000	22,628,000,000	21,850,000,000	21,607,000,000	22,331,000,000	21,104,000,000	21,221,000,000	20,812,000,000	21,581,000,000	21,217,000,000	17,752,000,000	17,864,000,000	18,455,000,000	18,974,000,000	19,502,000,000	20,553,000,000	22,171,000,000	22,220,000,000	22,493,000,000	21,483,000,000	22,868,000,000	19,224,000,000	20,042,000,000	13,007,000,000	14,808,000,000	12,869,000,000	12,240,000,000	10,983,000,000	15,292,000,000	14,008,000,000	14,294,000,000	13,332,000,000	14,691,000,000	13,243,000,000	13,534,000,000	12,790,000,000	14,014,000,000	12,770,000,000	13,226,000,000	11,958,000,000	13,343,000,000	12,677,000,000	13,222,000,000	12,219,000,000	14,131,000,000	12,384,000,000	12,412,000,000	11,530,000,000	12,995,000,000	11,773,000,000	11,699,000,000	10,943,000,000	12,239,000,000	11,213,000,000	13,570,000,000	12,835,000,000
advances and progress billings	62,591,000,000	59,404,000,000	57,962,000,000	59,407,000,000	61,114,000,000	60,333,000,000	57,931,000,000	58,151,000,000	58,972,000,000	56,328,000,000	55,924,000,000	55,310,000,000	54,498,000,000	53,081,000,000	53,177,000,000	52,066,000,000	52,458,000,000	52,980,000,000	51,269,000,000	50,738,000,000	50,908,000,000	50,488,000,000	51,974,000,000	53,367,000,000	52,883,000,000	51,551,000,000	53,167,000,000	52,523,000,000	52,534,000,000	50,676,000,000	51,496,000,000	50,970,000,000	49,955,000,000
short-term debt and current portion of long-term debt	2,855,000,000	8,461,000,000	8,742,000,000	8,719,000,000	7,930,000,000	1,278,000,000	4,474,000,000	4,765,000,000	1,063,000,000	5,204,000,000	4,891,000,000	4,609,000,000	7,926,000,000	5,190,000,000	5,431,000,000	5,406,000,000	2,591,000,000	1,296,000,000	5,377,000,000	6,534,000,000	6,021,000,000	1,693,000,000	3,634,000,000	2,922,000,000	5,173,000,000	7,340,000,000	4,354,000,000	4,357,000,000	3,381,000,000	3,190,000,000	1,389,000,000	1,611,000,000	1,981,000,000	1,335,000,000	988,000,000	720,000,000	367,000,000	384,000,000	632,000,000	1,168,000,000	1,243,000,000	1,234,000,000	614,000,000	112,000,000	133,000,000	929,000,000	1,579,000,000	1,591,000,000	1,660,000,000	1,563,000,000	919,000,000	883,000,000	917,000,000	1,436,000,000	2,172,000,000	2,466,000,000	2,807,000,000	2,353,000,000	1,603,000,000	1,304,000,000	966,000,000	948,000,000	953,000,000	1,507,000,000	1,479,000,000	707,000,000	973,000,000	416,000,000	530,000,000
total current liabilities	105,547,000,000	108,115,000,000	103,324,000,000	103,376,000,000	103,654,000,000	97,078,000,000	97,300,000,000	96,630,000,000	93,258,000,000	95,827,000,000	93,062,000,000	92,076,000,000	93,510,000,000	90,052,000,000	89,618,000,000	84,799,000,000	81,692,000,000	81,992,000,000	85,771,000,000	88,224,000,000	89,892,000,000	87,280,000,000	92,307,000,000	92,482,000,000	94,502,000,000	97,312,000,000	91,846,000,000	92,189,000,000	83,615,000,000	81,590,000,000	79,417,000,000	77,725,000,000	75,532,000,000	56,269,000,000	54,409,000,000	52,909,000,000	49,781,000,000	50,134,000,000	48,489,000,000	49,859,000,000	49,517,000,000	50,412,000,000	57,808,000,000	57,136,000,000	55,256,000,000	56,717,000,000	53,204,000,000	53,339,000,000	52,502,000,000	51,486,000,000	49,680,000,000	46,949,000,000	45,666,000,000	44,982,000,000	42,852,000,000	42,450,000,000	41,305,000,000	41,274,000,000	37,593,000,000	37,370,000,000	35,257,000,000	35,395,000,000	34,238,000,000	34,088,000,000	33,484,000,000	32,883,000,000	32,049,000,000	31,272,000,000	29,965,000,000
accrued retiree health care	2,059,000,000	2,091,000,000	2,086,000,000	2,116,000,000	2,146,000,000	2,176,000,000	2,121,000,000	2,159,000,000	2,196,000,000	2,233,000,000	2,385,000,000	2,424,000,000	2,466,000,000	2,503,000,000	3,356,000,000	3,413,000,000	3,471,000,000	3,528,000,000	3,957,000,000	4,017,000,000	4,077,000,000	4,137,000,000	4,429,000,000	4,427,000,000	4,483,000,000	4,540,000,000	4,437,000,000	4,486,000,000	4,535,000,000	4,584,000,000	5,394,000,000	5,444,000,000	5,494,000,000	5,545,000,000	5,826,000,000	5,856,000,000	5,885,000,000	5,916,000,000	6,544,000,000	6,586,000,000	6,614,000,000	6,616,000,000	6,746,000,000	6,777,000,000	6,789,000,000	6,802,000,000	6,494,000,000	6,506,000,000	6,515,000,000	6,528,000,000	7,415,000,000	7,431,000,000	7,447,000,000	7,528,000,000	7,454,000,000	7,478,000,000	7,498,000,000	7,520,000,000	8,335,000,000	8,036,000,000	8,034,000,000	8,025,000,000	7,062,000,000	7,068,000,000	7,043,000,000	7,049,000,000	7,344,000,000	7,336,000,000	7,336,000,000
accrued pension plan liability	4,198,000,000	4,287,000,000	5,714,000,000	5,803,000,000	5,909,000,000	5,997,000,000	6,097,000,000	6,248,000,000	6,400,000,000	6,516,000,000	5,713,000,000	5,855,000,000	5,998,000,000	6,141,000,000	7,951,000,000	8,335,000,000	8,719,000,000	9,104,000,000	11,435,000,000	13,519,000,000	13,968,000,000	14,408,000,000	15,343,000,000	15,663,000,000	15,962,000,000	16,276,000,000	14,590,000,000	14,831,000,000	15,077,000,000	15,323,000,000	15,927,000,000	16,118,000,000	16,279,000,000	16,471,000,000	15,514,000,000	19,651,000,000	19,796,000,000	19,943,000,000	18,003,000,000	18,200,000,000	18,196,000,000	17,783,000,000	17,795,000,000	17,537,000,000	17,362,000,000	17,182,000,000	9,262,000,000	9,812,000,000	9,676,000,000	10,474,000,000	18,559,000,000	20,070,000,000	19,878,000,000	19,651,000,000	15,586,000,000	16,164,000,000	16,730,000,000	16,537,000,000	9,848,000,000	10,155,000,000	9,979,000,000	9,800,000,000	6,522,000,000	6,466,000,000	6,392,000,000	6,315,000,000	8,553,000,000	8,553,000,000	8,484,000,000
other long-term liabilities	2,405,000,000	2,432,000,000	2,350,000,000	2,324,000,000	2,260,000,000	2,318,000,000	2,314,000,000	2,212,000,000	2,546,000,000	2,332,000,000	2,239,000,000	2,158,000,000	2,198,000,000	2,211,000,000	2,250,000,000	1,891,000,000	1,879,000,000	1,750,000,000	1,722,000,000	1,571,000,000	1,477,000,000	1,486,000,000	2,907,000,000	2,821,000,000	3,398,000,000	3,422,000,000	3,621,000,000	4,839,000,000	3,731,000,000	3,059,000,000	2,905,000,000	2,875,000,000	2,474,000,000	2,015,000,000	1,449,000,000	2,128,000,000	2,285,000,000	2,221,000,000	1,729,000,000	2,048,000,000	2,096,000,000	2,078,000,000	1,083,000,000	1,052,000,000	1,081,000,000	1,208,000,000	1,046,000,000	864,000,000	808,000,000	950,000,000	936,000,000	1,039,000,000	1,401,000,000	1,429,000,000	900,000,000	650,000,000	543,000,000	907,000,000	1,159,000,000	1,027,000,000	333,000,000	592,000,000	544,000,000	661,000,000	652,000,000	537,000,000	535,000,000	335,000,000	287,000,000
long-term debt	44,354,000,000	45,637,000,000	44,611,000,000	44,604,000,000	45,688,000,000	52,586,000,000	53,176,000,000	53,162,000,000	46,877,000,000	47,103,000,000	47,381,000,000	47,659,000,000	47,465,000,000	51,811,000,000	51,788,000,000	51,794,000,000	55,150,000,000	56,806,000,000	57,042,000,000	57,025,000,000	57,554,000,000	61,890,000,000	57,325,000,000	58,457,000,000	33,754,000,000	19,962,000,000	20,298,000,000	14,859,000,000	11,363,000,000	10,657,000,000	10,487,000,000	10,507,000,000	10,471,000,000	9,782,000,000	9,780,000,000	10,055,000,000	10,432,000,000	9,568,000,000	9,824,000,000	9,847,000,000	8,721,000,000	8,730,000,000	8,402,000,000	8,904,000,000	8,905,000,000	8,141,000,000	7,301,000,000	7,292,000,000	7,275,000,000	8,072,000,000	8,677,000,000	8,695,000,000	8,254,000,000	8,973,000,000	9,014,000,000	8,735,000,000	8,817,000,000	10,018,000,000	10,777,000,000	10,324,000,000	10,723,000,000	11,473,000,000	11,466,000,000	11,439,000,000	11,464,000,000	12,217,000,000	10,065,000,000	8,700,000,000	8,742,000,000
total liabilities	158,800,000,000	162,778,000,000	158,276,000,000	158,416,000,000	159,819,000,000	160,277,000,000	161,257,000,000	160,702,000,000	151,500,000,000	154,240,000,000	150,998,000,000	150,267,000,000	151,831,000,000	152,948,000,000	155,193,000,000	150,270,000,000	151,069,000,000	153,398,000,000	161,112,000,000	165,420,000,000	167,876,000,000	170,211,000,000	172,814,000,000	174,254,000,000	152,435,000,000
shareholders’ equity:
mandatory convertible preferred stock, 6.00% series a, par value 1.00 – 20,000,000 shares authorized; 5,750,000 shares issued; aggregate liquidation preference 5,750	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000
common stock	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000	5,061,000,000
additional paid-in capital	21,671,000,000	21,441,000,000	19,218,000,000	19,238,000,000	19,008,000,000	18,964,000,000	10,925,000,000	10,727,000,000	10,539,000,000	10,309,000,000	10,616,000,000	10,310,000,000	10,298,000,000	9,947,000,000	9,705,000,000	9,475,000,000	9,295,000,000	9,052,000,000	8,796,000,000	8,481,000,000	8,155,000,000	7,787,000,000	6,687,000,000	6,648,000,000	6,595,000,000	6,745,000,000	6,688,000,000	6,638,000,000	6,573,000,000	6,768,000,000	6,714,000,000	6,676,000,000	6,624,000,000	6,804,000,000	6,754,000,000	4,644,000,000	4,604,000,000	4,762,000,000	4,808,000,000	4,778,000,000	4,784,000,000	4,834,000,000	4,771,000,000	4,721,000,000	4,657,000,000	4,625,000,000	4,572,000,000	4,524,000,000	4,441,000,000	4,415,000,000	4,295,000,000	4,181,000,000	4,079,000,000	4,122,000,000	4,068,000,000	4,018,000,000	3,977,000,000	4,033,000,000	3,988,000,000	3,945,000,000	3,903,000,000	3,866,000,000	3,826,000,000	3,832,000,000	4,264,000,000	3,724,000,000	3,956,000,000	3,561,000,000	3,289,000,000
treasury stock	-27,647,000,000	-28,029,000,000	-31,109,000,000	-31,603,000,000	-31,879,000,000	-32,386,000,000	-48,564,000,000	-48,841,000,000	-49,105,000,000	-49,549,000,000	-49,972,000,000	-50,181,000,000	-50,376,000,000	-50,814,000,000	-51,054,000,000	-51,319,000,000	-51,573,000,000	-51,861,000,000	-52,030,000,000	-52,223,000,000	-52,395,000,000	-52,641,000,000	-54,819,000,000																																		-16,364,000,000	-16,603,000,000	-16,715,000,000	-16,859,000,000	-17,021,000,000	-17,187,000,000	-17,302,000,000
retained earnings	17,162,000,000	17,252,000,000	9,118,000,000	14,542,000,000	15,239,000,000	15,362,000,000	19,299,000,000	25,469,000,000	26,908,000,000	27,251,000,000	27,274,000,000	28,910,000,000	29,059,000,000	29,473,000,000	30,107,000,000	33,382,000,000	33,189,000,000	34,408,000,000	38,551,000,000	38,660,000,000	38,073,000,000	38,610,000,000	47,029,000,000	47,478,000,000	49,854,000,000	50,644,000,000	53,986,000,000	52,819,000,000	58,090,000,000	55,941,000,000	54,666,000,000	52,303,000,000	52,095,000,000	45,320,000,000	44,052,000,000	42,222,000,000	42,165,000,000	40,714,000,000	40,641,000,000	38,362,000,000	39,975,000,000	38,756,000,000	39,069,000,000	37,365,000,000	37,516,000,000	36,180,000,000	35,880,000,000	34,516,000,000	33,929,000,000	32,964,000,000	32,647,000,000	31,490,000,000	31,143,000,000	30,037,000,000	29,775,000,000	28,743,000,000	28,447,000,000	27,524,000,000	26,779,000,000	25,681,000,000	25,370,000,000	24,784,000,000	24,244,000,000	23,409,000,000	23,265,000,000	22,746,000,000	22,104,000,000	23,668,000,000	23,284,000,000
accumulated other comprehensive loss	-10,266,000,000	-10,277,000,000	-10,544,000,000	-10,539,000,000	-10,760,000,000	-10,915,000,000	-10,273,000,000	-10,392,000,000	-10,412,000,000	-10,305,000,000	-9,708,000,000	-9,617,000,000	-9,550,000,000	-9,550,000,000	-11,518,000,000	-11,487,000,000	-11,370,000,000	-11,659,000,000	-14,818,000,000	-16,661,000,000	-16,952,000,000	-17,133,000,000	-15,779,000,000																																		-16,094,000,000	-16,500,000,000	-13,146,000,000	-13,095,000,000	-13,401,000,000	-13,758,000,000	-11,375,000,000	-11,744,000,000	-11,747,000,000	-11,877,000,000	-12,821,000,000	-13,120,000,000	-13,511,000,000
total shareholders' equity	5,987,000,000
noncontrolling interests		3,000,000	-3,000,000	-1,000,000		-6,000,000	-10,000,000	-6,000,000	-7,000,000	5,000,000	12,000,000	24,000,000	24,000,000	35,000,000	64,000,000	97,000,000	130,000,000	153,000,000	174,000,000	197,000,000	217,000,000	241,000,000	268,000,000	285,000,000	305,000,000	317,000,000	307,000,000	379,000,000	107,000,000	71,000,000	80,000,000	67,000,000	76,000,000	57,000,000	59,000,000	59,000,000	60,000,000	60,000,000	61,000,000	62,000,000	63,000,000	62,000,000	46,000,000	43,000,000	124,000,000	125,000,000	126,000,000	123,000,000
total equity	5,987,000,000	5,457,000,000	-8,253,000,000	-3,296,000,000	-3,325,000,000	-3,914,000,000	-23,562,000,000	-17,982,000,000	-17,016,000,000	-17,228,000,000	-16,717,000,000	-15,493,000,000	-15,484,000,000	-15,848,000,000	-17,635,000,000	-14,791,000,000	-15,268,000,000	-14,846,000,000	-14,266,000,000	-16,485,000,000	-17,841,000,000	-18,075,000,000	-11,553,000,000						232,000,000	410,000,000			1,298,000,000	412,000,000	1,145,000,000		155,000,000	877,000,000	2,150,000,000	647,000,000	4,106,000,000	6,397,000,000	6,786,000,000	6,307,000,000	8,030,000,000	8,790,000,000	14,637,000,000	14,184,000,000	14,633,000,000	14,997,000,000	9,067,000,000	7,632,000,000	7,560,000,000	5,967,000,000	7,682,000,000	5,892,000,000	5,120,000,000	3,608,000,000	6,061,000,000	4,824,000,000	4,007,000,000	2,862,000,000	4,552,000,000	3,173,000,000
total liabilities and equity	164,787,000,000	168,235,000,000	150,023,000,000	155,120,000,000	156,494,000,000	156,363,000,000	137,695,000,000	142,720,000,000	134,484,000,000	137,012,000,000	134,281,000,000	134,774,000,000	136,347,000,000	137,100,000,000	137,558,000,000	135,479,000,000	135,801,000,000	138,552,000,000	146,846,000,000	148,935,000,000	150,035,000,000	152,136,000,000	161,261,000,000	162,872,000,000	143,075,000,000	133,625,000,000	132,598,000,000	126,261,000,000	120,209,000,000	117,359,000,000	114,659,000,000	113,195,000,000	113,549,000,000	92,333,000,000	91,007,000,000	90,036,000,000	89,673,000,000	89,997,000,000	88,950,000,000	89,609,000,000	91,547,000,000	94,408,000,000	98,998,000,000	98,102,000,000	97,775,000,000	99,198,000,000	92,653,000,000	92,737,000,000	91,575,000,000	92,663,000,000	94,633,000,000	92,091,000,000	90,447,000,000	88,896,000,000	83,654,000,000	81,595,000,000	80,205,000,000	79,986,000,000	74,163,000,000	72,119,000,000	68,760,000,000	68,565,000,000	65,222,000,000	63,755,000,000
current portion of financing receivables				16,000,000	202,000,000	207,000,000	457,000,000	60,000,000	57,000,000	99,000,000
property, plant and equipment		15,361,000,000				11,412,000,000				10,661,000,000				10,550,000,000				10,918,000,000				11,820,000,000				12,502,000,000				12,645,000,000				12,672,000,000				12,807,000,000				12,076,000,000				11,007,000,000				10,224,000,000				9,660,000,000				9,313,000,000				8,931,000,000				8,784,000,000
other assets, net of accumulated amortization of 1,014 and 1,085		4,177,000,000
total shareholders' equity/		5,454,000,000
assets held for sale			1,473,000,000	1,451,000,000
other assets, net of accumulated amortization of 947 and 1,085			5,698,000,000
liabilities held for sale			524,000,000	504,000,000
total shareholders’ deficit			-8,250,000,000	-3,295,000,000	-3,325,000,000	-3,908,000,000	-23,552,000,000	-17,976,000,000	-17,009,000,000	-17,233,000,000	-16,729,000,000	-15,517,000,000	-15,508,000,000	-15,883,000,000	-17,699,000,000	-14,888,000,000	-15,398,000,000	-14,999,000,000	-14,440,000,000	-16,682,000,000	-18,058,000,000	-18,316,000,000
other assets, net of accumulated amortization of 879 and 1,085				5,849,000,000
other assets, net of accumulated amortization of 1,160 and 1,085					5,932,000,000
other assets, net of accumulated amortization of 1,085 and 1,046						5,414,000,000
other assets, net of accumulated amortization of 1,054 and 1,046							5,505,000,000
other assets, net of accumulated amortization of 1,001 and 1,046								5,319,000,000
other assets, net of accumulated amortization of 1,098 and 1,046									5,190,000,000
other assets, net of accumulated amortization of 1,046 and 949										4,935,000,000
current portion of customer financing											88,000,000	85,000,000	133,000,000	154,000,000	155,000,000	159,000,000	157,000,000	117,000,000	76,000,000	74,000,000	93,000,000	101,000,000	100,000,000	115,000,000	149,000,000	162,000,000	166,000,000	171,000,000	340,000,000	460,000,000	431,000,000	294,000,000	244,000,000	309,000,000	435,000,000	549,000,000	580,000,000	428,000,000	365,000,000	251,000,000	258,000,000	212,000,000	227,000,000	209,000,000	184,000,000	190,000,000	257,000,000	237,000,000	256,000,000	344,000,000	316,000,000	320,000,000	460,000,000	364,000,000	318,000,000	344,000,000	372,000,000	476,000,000	294,000,000	260,000,000	252,000,000	285,000,000	285,000,000	316,000,000	274,000,000	368,000,000	341,000,000	463,000,000	353,000,000
customer financing											963,000,000	1,105,000,000	1,372,000,000	1,450,000,000	1,513,000,000	1,542,000,000	1,580,000,000	1,695,000,000	1,795,000,000	1,865,000,000	1,895,000,000	1,936,000,000	2,010,000,000	2,054,000,000	2,116,000,000	2,136,000,000	2,077,000,000	2,139,000,000	2,236,000,000	2,418,000,000	2,785,000,000	2,817,000,000	2,753,000,000	2,740,000,000	3,039,000,000	3,398,000,000	3,527,000,000	3,773,000,000	3,401,000,000	2,909,000,000	2,980,000,000	3,358,000,000	3,231,000,000	3,175,000,000	3,301,000,000	3,371,000,000	3,347,000,000	3,180,000,000	3,280,000,000	3,627,000,000	3,903,000,000	3,991,000,000	3,910,000,000	4,056,000,000	4,028,000,000	4,068,000,000	4,139,000,000	4,296,000,000	4,313,000,000	4,217,000,000	4,320,000,000	4,395,000,000	4,688,000,000	5,084,000,000	5,273,000,000	5,466,000,000	5,923,000,000	5,969,000,000	5,854,000,000
other assets, net of accumulated amortization of 993 and 949											4,562,000,000
other assets, net of accumulated amortization of 935 and 949												4,456,000,000
other assets, net of accumulated amortization of 1,002 and 949													4,320,000,000
other assets, net of accumulated amortization of 949 and 975														4,163,000,000
other assets, net of accumulated amortization of 897 and 975															4,814,000,000
other assets, net of accumulated amortization of 864 and 975																5,747,000,000
other assets, net of accumulated amortization of 1,024 and 975																	5,814,000,000
other assets, net of accumulated amortization of 975 and 729																		5,591,000,000
other assets, net of accumulated amortization of 916 and 729																			5,312,000,000
other assets, net of accumulated amortization of 863 and 729																				4,889,000,000
other assets, net of accumulated amortization of 917 and 729																					4,646,000,000
other assets, net of accumulated amortization of 729 and 580																						4,712,000,000
other assets, net of accumulated amortization of 671 and 580																							3,502,000,000
total shareholders’ equity																							-11,821,000,000						125,000,000	339,000,000			1,222,000,000	355,000,000	1,086,000,000		95,000,000	817,000,000	2,089,000,000	585,000,000	4,043,000,000	6,335,000,000	6,740,000,000	6,264,000,000	7,906,000,000	8,665,000,000	14,511,000,000	14,061,000,000	14,520,000,000	14,875,000,000	8,951,000,000	7,526,000,000	7,462,000,000	5,867,000,000	7,588,000,000	5,804,000,000	5,027,000,000	3,515,000,000	5,967,000,000	4,733,000,000	3,912,000,000	2,766,000,000			3,039,000,000	2,225,000,000	-877,000,000	334,000,000	-509,000,000
other assets, net of accumulated amortization of 617 and 580																								5,481,000,000
other assets, net of accumulated amortization of 611 and 580																									4,428,000,000
other assets, net of accumulated amortization of 580 and 503																										3,585,000,000
other assets, net of accumulated amortization of 561 and 503																											3,275,000,000
other assets, net of accumulated amortization of 523 and 503																												3,099,000,000
other assets, net of accumulated amortization of 544 and 503																													2,941,000,000
other assets, net of accumulated amortization of 503 and 482																														1,826,000,000
other assets, net of accumulated amortization of 466 and 482																															1,852,000,000
other assets, net of accumulated amortization of 523 and 482																																1,800,000,000
other assets, net of accumulated amortization of 514 and 482																																	1,969,000,000
inventories, net of advances and progress billings																																		44,344,000,000	43,031,000,000	42,453,000,000	43,247,000,000	43,199,000,000	42,680,000,000	44,182,000,000	47,266,000,000	47,257,000,000	48,624,000,000	49,028,000,000	48,502,000,000	46,756,000,000	47,058,000,000	46,251,000,000	44,941,000,000	42,912,000,000	41,240,000,000	40,234,000,000	40,797,000,000	37,751,000,000	36,817,000,000	35,033,000,000	32,738,000,000	32,240,000,000	30,493,000,000	29,094,000,000	26,912,000,000	24,317,000,000	21,692,000,000	20,368,000,000	18,773,000,000	16,933,000,000	15,981,000,000	17,200,000,000	15,649,000,000
other assets, net of accumulated amortization of 482 and 497																																		2,027,000,000
advances and billings in excess of related costs																																		27,440,000,000	26,695,000,000	25,802,000,000	24,118,000,000	23,869,000,000	22,646,000,000	23,409,000,000	23,926,000,000	24,364,000,000	23,442,000,000	23,373,000,000	22,752,000,000	23,175,000,000	21,127,000,000	21,244,000,000	21,112,000,000	20,027,000,000	20,216,000,000	18,145,000,000	18,505,000,000	16,672,000,000	15,619,000,000	15,344,000,000	15,336,000,000	15,496,000,000	14,320,000,000	12,948,000,000	12,363,000,000	12,323,000,000	11,844,000,000	12,009,000,000	11,857,000,000	12,076,000,000	11,792,000,000	11,717,000,000	11,527,000,000
other assets, net of accumulated amortization of 509 and 497																																			1,679,000,000
other assets, net of accumulated amortization of 484 and 497																																				1,470,000,000
other assets, net of accumulated amortization of 527 and 497																																					1,444,000,000
other assets, net of accumulated amortization of 497 and 451																																						1,416,000,000
other assets, net of accumulated amortization of 470 and 451																																							1,415,000,000
other assets, net of accumulated amortization of 451 and 451																																								1,409,000,000
other assets, net of accumulated amortization of 478 and 451																																									1,421,000,000
other assets, net of accumulated amortization of 451 and 479																																										1,408,000,000
other assets, net of accumulated amortization of 441 and 479																																											1,326,000,000
deferred income taxes and income taxes payable																																											9,205,000,000	8,894,000,000	8,916,000,000	8,603,000,000	6,685,000,000	6,222,000,000	6,732,000,000	6,267,000,000	5,504,000,000	5,072,000,000	4,838,000,000	4,485,000,000	4,136,000,000	3,668,000,000	3,178,000,000	2,780,000,000	1,955,000,000	1,286,000,000	789,000,000	607,000,000
non-current income taxes payable																																											378,000,000	389,000,000	352,000,000	358,000,000	709,000,000	740,000,000	166,000,000	156,000,000	299,000,000	275,000,000	241,000,000	366,000,000	166,000,000	226,000,000	192,000,000	122,000,000	390,000,000	383,000,000	427,000,000	418,000,000	838,000,000	860,000,000	896,000,000	827,000,000	998,000,000	1,182,000,000	1,035,000,000
other assets, net of accumulated amortization of 419 and 479																																												1,374,000,000
other assets, net of accumulated amortization of 506 and 479																																													1,328,000,000
other assets, net of accumulated amortization of 479 and 448																																														1,317,000,000
other assets, net of accumulated amortization of 447 and 448																																															1,547,000,000
other assets, net of accumulated amortization of 420 and 448																																																1,578,000,000
other assets, net of accumulated amortization of 478 and 448																																																	1,542,000,000
noncontrolling interest																																																	113,000,000	122,000,000	116,000,000	106,000,000	98,000,000	100,000,000	94,000,000	88,000,000	93,000,000	93,000,000	94,000,000	91,000,000	95,000,000	96,000,000	98,000,000	96,000,000	97,000,000	97,000,000	151,000,000	154,000,000
other assets, net of accumulated amortization of 448 and 504																																																		1,500,000,000
other assets, net of accumulated amortization of 493 and 504																																																			1,447,000,000
other assets, net of accumulated amortization of 464 and 504																																																				1,449,000,000
other assets, net of accumulated amortization of 539 and 504																																																					1,488,000,000
other assets, net of accumulated amortization of 504 and 717																																																						1,792,000,000
other assets, net of accumulated amortization of 471 and 717																																																							1,746,000,000
other assets, net of accumulated amortization of 440 and 717																																																								1,746,000,000
other assets, net of accumulated amortization of 762 and 717																																																									1,765,000,000
other assets, net of accumulated amortization of 717 and 630																																																										1,643,000,000
pension plan assets																																																											6,000,000	5,000,000	4,000,000	6,000,000	33,000,000	27,000,000	21,000,000	16,000,000	20,000,000	21,000,000	12,000,000
other assets, net of accumulated amortization of 697 and 630																																																											1,455,000,000
other assets, net of accumulated amortization of 659 and 630																																																												1,596,000,000
other assets, net of accumulated amortization of 614 and 630																																																													1,624,000,000
other acquired intangibles																																																														2,979,000,000	3,027,000,000	2,821,000,000	2,878,000,000	2,877,000,000	2,920,000,000	2,727,000,000	2,627,000,000
other assets, net of accumulated amortization of 630 and 492																																																														1,603,000,000
other accrued liabilities																																																														13,802,000,000	12,760,000,000	12,899,000,000	12,267,000,000	12,822,000,000	12,217,000,000	11,821,000,000
sharevalue trust
other assets, net of accumulated amortization of 583 and 492																																																															1,220,000,000
income taxes payable																																																															1,118,000,000	713,000,000	412,000,000	182,000,000	14,000,000	654,000,000	355,000,000
equity:
sharevalue trust – 0 and 29,563,324 shares
total boeing shareholders’ equity																																																															4,454,000,000	3,077,000,000	2,942,000,000	2,128,000,000	-1,028,000,000	180,000,000	-662,000,000
other assets, net of accumulated amortization of 480 and 492																																																																1,223,000,000
common shares issued, par value 5.00 – 1,200,000,000 authorized; 1,012,261,159 shares issued																																																																5,061,000,000	5,061,000,000
treasury shares, at cost – 251,121,850 and 256,406,709 shares																																																																-15,582,000,000
sharevalue trust shares – 29,948,920 and 29,563,324																																																																-1,899,000,000
short-term investments																																																																	5,845,000,000	2,008,000,000	351,000,000	171,000,000	213,000,000
other assets, net of accumulated amortization of 441 and 492																																																																	1,206,000,000
liabilities and shareholders’ equity
treasury shares, at cost – 253,748,666 and 256,406,709 shares																																																																	-15,744,000,000
sharevalue trust shares – 29,747,123 and 29,563,324																																																																	-2,157,000,000
total liabilities and shareholders’ equity																																																																	62,970,000,000	62,053,000,000	58,667,000,000	57,712,000,000	55,340,000,000
other assets, net of accumulated amortization of 492 and 400																																																																		1,224,000,000
common shares issued, par value 5.00 – 1,012,261,159 shares																																																																		5,061,000,000
treasury shares, at cost																																																																		-15,911,000,000
sharevalue trust shares																																																																		-1,615,000,000
other assets, net of accumulated amortization of 511 and 400																																																																			1,417,000,000
common shares, par value 5.00 – 1,200,000,000 shares authorized; shares issued – 1,012,261,159 and 1,012,261,159 shares																																																																			5,061,000,000	5,061,000,000	5,061,000,000
treasury shares, at cost – 285,761,457 and 285,661,944 shares																																																																			-17,733,000,000
sharevalue trust shares – 29,338,820 and 28,460,769																																																																			-1,595,000,000
other assets, net of accumulated amortization of 474 and 400																																																																				1,333,000,000
treasury shares, at cost – 285,882,820 and 285,661,944 shares																																																																				-17,741,000,000
sharevalue trust shares – 29,089,996 and 28,460,769																																																																				-1,249,000,000
other assets, net of accumulated amortization of 437 and 400																																																																					1,450,000,000
accounts payable and other liabilities																																																																					17,553,000,000
treasury shares, at cost – 286,098,252 and 285,661,944 shares																																																																					-17,756,000,000
sharevalue trust shares – 28,861,019 and 28,460,769																																																																					-1,029,000,000
non-controlling interest																																																																					153,000,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31

cash flows – operating activities:
net loss	-7,000,000		-5,339,000,000	-612,000,000	-31,000,000	-3,861,000,000	-6,174,000,000	-1,439,000,000	-355,000,000	-30,000,000	-1,638,000,000	-149,000,000	-425,000,000	-663,000,000			-1,242,000,000	-4,164,000,000
adjustments to reconcile net loss to net cash used by operating activities:
non-cash items –
share-based plans expense	161,000,000	83,000,000	89,000,000	119,000,000	135,000,000	97,000,000	102,000,000	89,000,000	119,000,000	142,000,000	167,000,000	159,000,000	222,000,000	197,000,000	176,000,000	149,000,000	203,000,000	156,000,000	184,000,000	172,000,000	321,000,000	85,000,000	50,000,000	60,000,000	55,000,000	52,000,000	56,000,000	57,000,000	47,000,000	52,000,000	52,000,000	53,000,000	45,000,000	51,000,000	53,000,000	48,000,000	50,000,000	46,000,000	47,000,000	46,000,000	51,000,000	48,000,000	47,000,000	44,000,000	50,000,000	43,000,000	51,000,000	49,000,000	52,000,000	50,000,000	49,000,000	49,000,000	58,000,000	45,000,000	49,000,000	49,000,000	50,000,000	45,000,000	45,000,000	45,000,000	51,000,000	43,000,000	42,000,000	64,000,000	66,000,000	58,000,000	59,000,000	61,000,000	60,000,000
treasury shares issued for 401(k) contributions	466,000,000
depreciation and amortization	573,000,000	536,000,000	491,000,000	460,000,000	466,000,000	509,000,000	444,000,000	441,000,000	442,000,000	481,000,000	467,000,000	456,000,000	457,000,000	502,000,000	493,000,000	498,000,000	486,000,000	534,000,000	523,000,000	551,000,000	536,000,000	578,000,000	565,000,000	547,000,000	556,000,000	628,000,000	576,000,000	546,000,000	521,000,000	583,000,000	523,000,000	507,000,000	501,000,000	582,000,000	522,000,000	494,000,000	471,000,000	546,000,000	474,000,000	447,000,000	443,000,000	484,000,000	437,000,000	453,000,000	459,000,000	528,000,000	478,000,000	452,000,000	448,000,000	521,000,000	458,000,000	436,000,000	429,000,000	498,000,000	465,000,000	422,000,000	426,000,000
investment/asset impairment charges	9,000,000	13,000,000	2,000,000	23,000,000	7,000,000	64,000,000	14,000,000	13,000,000	21,000,000	34,000,000	0	1,000,000	11,000,000	34,000,000	6,000,000	0	72,000,000	26,000,000	34,000,000	22,000,000	16,000,000	93,000,000	37,000,000	254,000,000	26,000,000	337,000,000	36,000,000	36,000,000	34,000,000	30,000,000	19,000,000	24,000,000	20,000,000	38,000,000	29,000,000	23,000,000	23,000,000	29,000,000	11,000,000	17,000,000	33,000,000	43,000,000	50,000,000	57,000,000	17,000,000	89,000,000	104,000,000	7,000,000	29,000,000	58,000,000	12,000,000	0	26,000,000	25,000,000	14,000,000	9,000,000	36,000,000	69,000,000	34,000,000	6,000,000	10,000,000	47,000,000	107,000,000	5,000,000	15,000,000	85,000,000	16,000,000	29,000,000	21,000,000
loss on dispositions	-12,000,000				3,000,000																																	-3,000,000																										1,000,000	4,000,000
other charges and credits	45,000,000	47,000,000	55,000,000	63,000,000	99,000,000	258,000,000	304,000,000	-44,000,000	10,000,000	24,000,000	-54,000,000	-1,000,000	34,000,000	-24,000,000	128,000,000	85,000,000	175,000,000	442,000,000	-81,000,000	-36,000,000	35,000,000	550,000,000	97,000,000	718,000,000	97,000,000	144,000,000	45,000,000	71,000,000	74,000,000	89,000,000	46,000,000	52,000,000	60,000,000	97,000,000	61,000,000	77,000,000	52,000,000	150,000,000	78,000,000	57,000,000	84,000,000	134,000,000	90,000,000	64,000,000	76,000,000	172,000,000	58,000,000	40,000,000	47,000,000	480,000,000	17,000,000	-22,000,000	53,000,000	135,000,000	198,000,000	211,000,000	150,000,000	142,000,000	135,000,000	110,000,000	113,000,000	409,000,000	58,000,000	15,000,000	30,000,000	44,000,000	92,000,000	15,000,000	63,000,000
changes in assets and liabilities –
accounts receivable	-509,000,000	741,000,000	-153,000,000	-113,000,000	-570,000,000	238,000,000	247,000,000	-194,000,000	-328,000,000	395,000,000	-90,000,000	-92,000,000	-341,000,000	164,000,000	328,000,000	-587,000,000	237,000,000	-433,000,000	243,000,000	-129,000,000	-394,000,000	784,000,000	-18,000,000			288,000,000	-273,000,000	382,000,000	206,000,000		-52,000,000	-30,000,000	92,000,000																								-729,000,000	619,000,000	-164,000,000	-114,000,000	-633,000,000	709,000,000	126,000,000	-255,000,000	-572,000,000	427,000,000	397,000,000	-346,000,000	-869,000,000
unbilled receivables	-635,000,000	2,000,000	229,000,000	-237,000,000	-671,000,000	982,000,000	303,000,000	12,000,000	-1,357,000,000	868,000,000	174,000,000	334,000,000	-1,055,000,000	684,000,000	80,000,000	-402,000,000	-356,000,000	1,424,000,000	-803,000,000	-417,000,000	-790,000,000	863,000,000	-229,000,000
advances and progress billings	3,181,000,000	1,342,000,000	-1,449,000,000	-1,397,000,000	781,000,000	2,403,000,000	-220,000,000	-832,000,000	2,718,000,000	402,000,000	735,000,000	811,000,000	1,417,000,000	-96,000,000	1,111,000,000	-385,000,000	-522,000,000	1,724,000,000	530,000,000	-170,000,000	421,000,000	-1,488,000,000	-1,394,000,000	485,000,000	1,337,000,000	-1,618,000,000	513,000,000	-15,000,000	1,857,000,000	-821,000,000	526,000,000	1,014,000,000	1,917,000,000
inventories	-2,634,000,000	-1,385,000,000	258,000,000	1,147,000,000	-1,521,000,000	-5,499,000,000	-917,000,000	-2,159,000,000	-3,778,000,000	-741,000,000	-699,000,000	149,000,000	-390,000,000	1,584,000,000	96,000,000	-57,000,000	-1,203,000,000	-1,635,000,000	95,000,000	1,093,000,000	-680,000,000	-1,349,000,000										125,000,000	283,000,000
other current assets	-418,000,000	-72,000,000	-38,000,000	294,000,000	-29,000,000	10,000,000	294,000,000	-71,000,000	-249,000,000	-318,000,000	394,000,000	231,000,000	82,000,000	269,000,000	-1,004,000,000	4,000,000	140,000,000	66,000,000	-45,000,000	171,000,000	153,000,000	53,000,000	-114,000,000	105,000,000	328,000,000				164,000,000
accounts payable	1,073,000,000	185,000,000	585,000,000	49,000,000	-95,000,000	-915,000,000	344,000,000	42,000,000	-264,000,000	690,000,000	130,000,000	621,000,000	231,000,000	248,000,000	195,000,000	764,000,000	-369,000,000	-218,000,000	-1,530,000,000	-1,216,000,000	-819,000,000	-2,060,000,000				-26,000,000	-376,000,000	378,000,000	1,624,000,000	-1,179,000,000	499,000,000	91,000,000	591,000,000	-648,000,000	359,000,000	-197,000,000	616,000,000	-744,000,000	145,000,000	261,000,000	960,000,000		170,000,000	40,000,000	848,000,000	-480,000,000	36,000,000	433,000,000	1,350,000,000		95,000,000	194,000,000	654,000,000	342,000,000	115,000,000	236,000,000	506,000,000	-283,000,000	313,000,000	165,000,000	969,000,000	78,000,000	364,000,000	-354,000,000	225,000,000	-28,000,000	365,000,000
accrued liabilities	-1,260,000,000	767,000,000	822,000,000	138,000,000	-386,000,000	1,236,000,000	770,000,000	223,000,000	-666,000,000	1,353,000,000	-175,000,000	370,000,000	-769,000,000	540,000,000	3,251,000,000	-241,000,000	-594,000,000	-519,000,000	-555,000,000	-998,000,000	-1,615,000,000	107,000,000	453,000,000			2,286,000,000	536,000,000			227,000,000				461,000,000				644,000,000																			-1,032,000,000	686,000,000	-181,000,000	468,000,000	-736,000,000
income taxes receivable, payable and deferred	-16,000,000	22,000,000	96,000,000	-29,000,000	26,000,000	-285,000,000	-94,000,000	-129,000,000	-59,000,000	-29,000,000	497,000,000	-302,000,000	-122,000,000	-35,000,000	1,620,000,000	165,000,000	-403,000,000	-278,000,000	1,141,000,000	-96,000,000	-34,000,000	-172,000,000							116,000,000			-79,000,000	348,000,000	-608,000,000	753,000,000	217,000,000	495,000,000				273,000,000	-347,000,000	342,000,000	39,000,000	443,000,000	438,000,000	493,000,000	-61,000,000	455,000,000	109,000,000	728,000,000	394,000,000	214,000,000	520,000,000	380,000,000	372,000,000	333,000,000	-52,000,000	629,000,000	468,000,000	217,000,000	-311,000,000	373,000,000	331,000,000	429,000,000	474,000,000	-788,000,000	387,000,000	534,000,000
other long-term liabilities	-49,000,000	-52,000,000	-82,000,000	-61,000,000	-151,000,000	-101,000,000	-80,000,000	-65,000,000	-83,000,000	-59,000,000	-74,000,000	-63,000,000	-117,000,000	-44,000,000	-50,000,000	-160,000,000	96,000,000	-38,000,000	-41,000,000	-43,000,000	-84,000,000	-73,000,000								86,000,000				69,000,000								6,000,000												135,000,000			-45,000,000	20,000,000	53,000,000	120,000,000	-66,000,000	52,000,000	21,000,000	9,000,000	246,000,000	-9,000,000	17,000,000	31,000,000	-51,000,000
pension and other postretirement plans	-22,000,000	-157,000,000	-144,000,000	-142,000,000	-150,000,000	-223,000,000	-245,000,000	-230,000,000	-261,000,000	-264,000,000	-265,000,000	-276,000,000	-244,000,000	-325,000,000	-358,000,000	-324,000,000	-371,000,000	-241,000,000	-155,000,000	-311,000,000	-265,000,000	-238,000,000														3,000,000	10,000,000	9,000,000	-37,000,000	102,000,000	79,000,000	633,000,000	593,000,000	636,000,000	608,000,000	440,000,000	-372,000,000	385,000,000	733,000,000	766,000,000	-684,000,000	817,000,000	821,000,000	717,000,000	-115,000,000	-38,000,000	724,000,000	681,000,000	246,000,000	582,000,000	617,000,000	362,000,000	268,000,000	350,000,000	355,000,000	321,000,000	233,000,000	282,000,000	304,000,000
financing receivables and operating lease equipment	-156,000,000	0	89,000,000	173,000,000	12,000,000	254,000,000	109,000,000	70,000,000	79,000,000
other	31,000,000	148,000,000	91,000,000	44,000,000	41,000,000	65,000,000	86,000,000	8,000,000	43,000,000	20,000,000	59,000,000	2,000,000	38,000,000	75,000,000	87,000,000	104,000,000	41,000,000	79,000,000	91,000,000	111,000,000	23,000,000	-54,000,000	42,000,000	94,000,000	153,000,000	52,000,000	64,000,000			207,000,000	51,000,000	228,000,000	124,000,000	-2,000,000	0			-6,000,000	0	-2,000,000	10,000,000	6,000,000	11,000,000	14,000,000	8,000,000	-23,000,000	42,000,000			0							-6,000,000	4,000,000	8,000,000	25,000,000	49,000,000	-198,000,000	322,000,000	-153,000,000	-47,000,000	164,000,000	-60,000,000	179,000,000	-84,000,000
net cash used by operating activities	-179,000,000		1,123,000,000	227,000,000	-1,616,000,000				-3,362,000,000				-318,000,000			81,000,000	-3,216,000,000	716,000,000	-262,000,000	-483,000,000	-3,387,000,000																																								-953,000,000
capital expenditures	0		0	0	0				0				0			0	0	0	0	0	0																																								0
free cash flows	-179,000,000		1,123,000,000	227,000,000	-1,616,000,000				-3,362,000,000				-318,000,000			81,000,000	-3,216,000,000	716,000,000	-262,000,000	-483,000,000	-3,387,000,000																																								-953,000,000
cash flows – investing activities:
payments to acquire property, plant and equipment	-1,275,000,000	-956,000,000	-885,000,000	-427,000,000	-674,000,000	-648,000,000	-611,000,000	-404,000,000	-567,000,000	-431,000,000	-332,000,000	-296,000,000	-468,000,000	-326,000,000	-284,000,000	-263,000,000	-349,000,000
proceeds from disposals of property, plant and equipment	2,000,000	77,000,000	1,000,000	1,000,000	3,000,000	3,000,000	16,000,000	19,000,000	11,000,000	8,000,000	6,000,000	8,000,000	5,000,000	16,000,000	3,000,000	8,000,000	8,000,000
contributions to investments	-9,265,000,000	-15,601,000,000	-14,756,000,000	-12,784,000,000	-8,797,000,000	-12,105,000,000	-134,000,000	-1,374,000,000	-243,000,000	-1,963,000,000	-4,989,000,000	-5,935,000,000	-3,561,000,000	-2,278,000,000	-302,000,000	-739,000,000	-1,732,000,000	-7,811,000,000	-7,794,000,000	-10,420,000,000	-9,688,000,000	-11,770,000,000																																			-3,718,000,000	-707,000,000	-1,635,000,000	-2,810,000,000	-1,644,000,000	-2,803,000,000	-5,644,000,000	-2,357,000,000	-4,744,000,000	-1,901,000,000	-356,000,000	-172,000,000	-200,000,000
proceeds from investments	16,256,000,000	13,954,000,000	13,827,000,000	11,097,000,000	7,750,000,000	197,000,000	1,373,000,000	266,000,000	2,907,000,000	5,242,000,000	4,930,000,000	3,364,000,000	2,203,000,000	437,000,000	886,000,000	4,259,000,000	5,037,000,000	9,825,000,000	10,675,000,000	12,251,000,000	12,738,000,000	10,503,000,000	9,229,000,000	316,000,000	227,000,000	792,000,000	209,000,000	392,000,000	366,000,000	1,529,000,000	341,000,000	276,000,000	752,000,000	1,027,000,000	1,171,000,000	638,000,000	803,000,000	253,000,000	251,000,000	212,000,000	493,000,000	421,000,000	129,000,000	881,000,000	1,159,000,000	2,808,000,000	2,578,000,000	4,405,000,000	3,625,000,000	5,456,000,000	2,365,000,000	1,977,000,000	2,655,000,000	3,960,000,000	3,345,000,000	2,461,000,000	1,135,000,000	2,751,000,000	2,104,000,000	1,201,000,000	4,701,000,000	4,768,000,000	4,100,000,000	2,647,000,000	910,000,000	435,000,000	320,000,000	237,000,000	49,000,000
supplier notes receivable	-3,000,000	-370,000,000	-142,000,000			-200,000,000	-8,000,000
net cash provided/(used) by investing activities	5,711,000,000								2,074,000,000									1,935,000,000	2,966,000,000	1,659,000,000	2,764,000,000												119,000,000													1,433,000,000	-247,000,000	875,000,000	406,000,000									1,513,000,000	98,000,000	-1,949,000,000	2,707,000,000
cash flows – financing activities:
new borrowings	24,000,000	27,000,000	40,000,000	69,000,000	29,000,000	41,000,000	31,000,000	10,062,000,000	27,000,000	20,000,000	17,000,000	21,000,000	17,000,000	15,000,000	4,000,000	13,000,000	2,000,000	-27,000,000	-4,000,000	12,000,000	9,814,000,000	4,886,000,000	60,000,000	24,869,000,000	17,433,000,000	5,768,000,000	7,951,000,000	6,433,000,000	5,237,000,000	3,852,000,000	1,048,000,000	961,000,000	2,687,000,000	1,201,000,000	2,000,000	2,000,000	872,000,000	2,000,000	0	1,208,000,000	115,000,000	985,000,000	0	0	761,000,000	857,000,000	20,000,000	34,000,000	51,000,000	24,000,000	16,000,000	516,000,000	15,000,000	26,000,000	10,000,000	4,000,000	20,000,000	10,000,000	753,000,000	22,000,000	14,000,000	11,000,000	4,000,000	7,000,000	19,000,000	2,189,000,000	1,929,000,000	16,000,000	1,827,000,000
debt repayments	-6,950,000,000	-2,900,000,000	-44,000,000	-382,000,000	-295,000,000	-3,849,000,000	-343,000,000	-39,000,000	-4,442,000,000	-35,000,000	-58,000,000	-3,424,000,000	-1,699,000,000	-272,000,000	-25,000,000	-617,000,000	-396,000,000	-4,322,000,000	-1,167,000,000	-35,000,000	-9,847,000,000	-2,206,000,000																																			-811,000,000	-35,000,000	-44,000,000	-39,000,000	-812,000,000	-34,000,000	-567,000,000	-37,000,000	-51,000,000	-295,000,000	-38,000,000	-147,000,000	-71,000,000
employee taxes on certain share-based payment arrangements	-31,000,000	-6,000,000	-10,000,000	-4,000,000	-14,000,000	-10,000,000	-6,000,000	-2,000,000	-65,000,000	-356,000,000	-4,000,000	-6,000,000	-42,000,000	-4,000,000	-2,000,000	-2,000,000	-32,000,000	-19,000,000	-7,000,000	-2,000,000	-38,000,000	-4,000,000																																			-64,000,000	-3,000,000	-3,000,000	-3,000,000	-15,000,000	-4,000,000	-8,000,000	-3,000,000	-15,000,000	-2,000,000	-2,000,000	-2,000,000	-15,000,000
dividends paid on mandatory convertible preferred stock	-86,000,000	-87,000,000	-86,000,000	-86,000,000	-72,000,000
net cash used by financing activities	-7,028,000,000				-338,000,000				-4,462,000,000	-356,000,000	-38,000,000	-3,413,000,000	-1,680,000,000		-18,000,000	-602,000,000	-396,000,000																																								-1,187,000,000		393,000,000	-279,000,000	-1,468,000,000
effect of exchange rate changes on cash and cash equivalents	1,000,000	1,000,000	5,000,000	22,000,000	12,000,000	-55,000,000	33,000,000	3,000,000	-28,000,000	52,000,000	-24,000,000	-8,000,000	10,000,000	61,000,000	-63,000,000	-68,000,000	-3,000,000																	7,000,000	21,000,000	32,000,000	20,000,000				12,000,000							3,000,000	4,000,000					-1,000,000			22,000,000	-3,000,000	-36,000,000	12,000,000	25,000,000	47,000,000	-4,000,000	-33,000,000	-25,000,000	4,000,000	17,000,000	40,000,000	-17,000,000
net decrease in cash & cash equivalents, including restricted	-1,495,000,000		-914,000,000	-2,367,000,000	-3,659,000,000		-933,000,000	3,980,000,000	-5,778,000,000				-3,811,000,000				-650,000,000
cash & cash equivalents, including restricted, at beginning of year	11,663,000,000	0	0	0	13,822,000,000	0	0	0	12,713,000,000	0	0	0	14,647,000,000	0	0	0	8,104,000,000	0	0	0	7,835,000,000	0	0	0	9,571,000,000	0	0	0	7,813,000,000	0	0	0	8,887,000,000
cash & cash equivalents, including restricted, at end of period	10,168,000,000		-914,000,000	-2,367,000,000	10,163,000,000		-933,000,000	3,980,000,000	6,935,000,000		-443,000,000	-3,561,000,000	10,836,000,000		3,399,000,000	2,677,000,000	7,454,000,000		1,513,000,000	1,161,000,000	7,146,000,000		-9,387,000,000	4,911,000,000	15,123,000,000		597,000,000	2,240,000,000	7,012,000,000		-33,000,000	-1,110,000,000	9,305,000,000
less restricted cash & cash equivalents, included in investments	727,000,000	33,000,000	0	688,000,000	21,000,000	0	0	0	21,000,000	1,000,000	0	-3,000,000	24,000,000	-3,000,000	-5,000,000	-4,000,000	45,000,000	-4,000,000	20,000,000	-51,000,000	87,000,000	0	41,000,000	-42,000,000	84,000,000	0	1,000,000	-91,000,000	176,000,000	48,000,000	54,000,000	4,000,000	70,000,000
cash and cash equivalents at end of period	9,441,000,000		-914,000,000	-3,055,000,000	10,142,000,000		-933,000,000	3,980,000,000	6,914,000,000		-443,000,000	-3,558,000,000	10,812,000,000		3,404,000,000	2,681,000,000	7,409,000,000		1,493,000,000	1,212,000,000	7,059,000,000		-9,428,000,000	4,953,000,000	15,039,000,000		596,000,000	2,331,000,000	6,836,000,000		-87,000,000	-1,114,000,000	9,235,000,000		-168,000,000	547,000,000	8,190,000,000		381,000,000	719,000,000	7,886,000,000		226,000,000	502,000,000	8,655,000,000		-878,000,000	591,000,000	6,942,000,000		1,347,000,000	359,000,000	8,335,000,000		277,000,000	-413,000,000	6,718,000,000		904,000,000	-620,000,000	5,670,000,000		-1,604,000,000	-49,000,000	4,517,000,000		1,496,000,000	362,000,000	4,237,000,000
net earnings																													2,149,000,000	3,424,000,000	2,363,000,000	2,196,000,000	2,477,000,000	3,132,000,000	1,853,000,000	1,761,000,000	1,451,000,000	1,631,000,000	2,279,000,000	-234,000,000	1,219,000,000	1,026,000,000	1,704,000,000	1,110,000,000	1,336,000,000	1,466,000,000	1,362,000,000	1,653,000,000	965,000,000	1,233,000,000	1,158,000,000	1,088,000,000	1,106,000,000	978,000,000	1,032,000,000	967,000,000	923,000,000	1,393,000,000	1,098,000,000	941,000,000	586,000,000	1,164,000,000	837,000,000	787,000,000	519,000,000	1,268,000,000	-1,564,000,000	998,000,000	610,000,000
adjustments to reconcile net earnings to net cash provided/(used) by operating activities:
treasury shares issued for 401(k) contribution				375,000,000	418,000,000	286,000,000	362,000,000	347,000,000	606,000,000	311,000,000	342,000,000	309,000,000	553,000,000	287,000,000	316,000,000	283,000,000	329,000,000	282,000,000	323,000,000	322,000,000	306,000,000
gain on dispositions		-9,609,000,000	1,000,000			-41,000,000	0			-1,000,000	0			-4,000,000	0	-1,000,000	-1,000,000	6,000,000	-169,000,000	-112,000,000	-2,000,000	-2,000,000
777x and 767 reach-forward losses		143,000,000				1,073,000,000
net cash provided/(used) by operating activities														3,457,000,000																																											837,000,000
acquisitions, net of cash acquired						0	0			-51,000,000								0																																								0	-26,000,000	0	-16,000,000	-65,000,000	-843,000,000	0	-24,000,000	0	-592,000,000	-17,000,000	-30,000,000
proceeds from dispositions		10,550,000,000	0
repayments on supplier notes receivable						0
purchase of distribution rights						0	0																																																							0
common stock issuance, net of issuance costs
mandatory convertible preferred stock issuance, net of issuance costs
stock options exercised										0	1,000,000	0	44,000,000	11,000,000	5,000,000	4,000,000	30,000,000	6,000,000	7,000,000	6,000,000	23,000,000	5,000,000	4,000,000	6,000,000	21,000,000	7,000,000	4,000,000	5,000,000	42,000,000	11,000,000	9,000,000	10,000,000	51,000,000	20,000,000	51,000,000	66,000,000	174,000,000	129,000,000	45,000,000	105,000,000	42,000,000	68,000,000	55,000,000	45,000,000	231,000,000
net cash (used)/provided by financing activities		-2,951,000,000	-87,000,000															-4,362,000,000	-1,171,000,000	-19,000,000	-48,000,000																																									-317,000,000	-867,000,000	-431,000,000	-347,000,000
net increase in cash & cash equivalents, including restricted										5,881,000,000	-443,000,000			1,117,000,000	3,399,000,000			-1,716,000,000	1,513,000,000				-9,387,000,000
cash & cash equivalents, including restricted, at end of year
cash and cash equivalents at end of year
net cash (used)/provided by investing activities					-1,717,000,000					2,804,000,000	-403,000,000	-3,015,000,000	-1,823,000,000																																												-3,003,000,000									-1,645,000,000			-598,000,000
net cash used by investing activities																						-1,543,000,000																																									-2,588,000,000	149,000,000	-4,041,000,000
adjustments to reconcile net loss to net cash (used)/provided by operating activities:
net cash (used)/provided by operating activities						-3,450,000,000	-1,345,000,000																																																									266,000,000	-285,000,000
net cash provided/(used) by financing activities						19,971,000,000	-300,000,000																		10,280,000,000	1,403,000,000	4,240,000,000																																							1,549,000,000	1,585,000,000	-431,000,000	1,391,000,000
adjustments to reconcile net loss to net cash from operating activities:
adjustments to reconcile net loss to net cash provided/(used) by operating activities:
787 reach-forward loss
customer financing valuation adjustments											-1,000,000	-2,000,000	-1,000,000	-2,000,000	-3,000,000	-6,000,000	48,000,000		-2,000,000			0	3,000,000			1,000,000	0	0	249,000,000
customer financing											53,000,000	318,000,000	101,000,000	66,000,000	26,000,000	32,000,000	18,000,000	40,000,000	87,000,000	37,000,000	46,000,000	65,000,000	46,000,000	39,000,000	23,000,000	28,000,000	44,000,000	195,000,000	152,000,000				44,000,000	382,000,000	292,000,000	111,000,000	232,000,000			-1,000,000	276,000,000	122,000,000	26,000,000	-12,000,000	31,000,000	84,000,000	28,000,000	58,000,000	408,000,000	168,000,000	35,000,000	164,000,000	24,000,000	153,000,000	38,000,000	20,000,000	196,000,000	-177,000,000	-39,000,000	108,000,000	102,000,000	158,000,000	280,000,000	58,000,000	221,000,000	308,000,000	58,000,000	-283,000,000	21,000,000
net cash from operating activities																												-590,000,000	2,788,000,000	2,947,000,000	4,559,000,000	4,680,000,000	3,136,000,000	2,904,000,000	3,396,000,000	4,950,000,000	2,094,000,000	2,832,000,000	3,202,000,000	3,234,000,000	1,231,000,000	3,119,000,000	2,859,000,000	3,297,000,000	88,000,000	4,998,000,000	939,000,000	1,809,000,000	1,112,000,000	1,380,000,000	2,808,000,000	3,467,000,000	524,000,000	4,167,000,000	1,596,000,000			2,931,000,000									1,197,000,000	1,001,000,000	193,000,000
787 and 777x reach-forward losses
dividends paid																						0																																			-328,000,000	-312,000,000	-312,000,000	-311,000,000	-309,000,000	-308,000,000	-308,000,000	-319,000,000	-318,000,000	-305,000,000	-305,000,000	-305,000,000	-305,000,000
net cash from investing activities															290,000,000	3,266,000,000	2,965,000,000
adjustments to reconcile net earnings to net cash used by operating activities:
contributions from noncontrolling interests																										0	0	0	7,000,000	0	15,000,000	0	20,000,000
common shares repurchased																																																																		0	0	0	-50,000,000
property, plant and equipment additions																			-245,000,000	-222,000,000	-291,000,000	-265,000,000																																			-424,000,000	-571,000,000	-380,000,000	-345,000,000	-417,000,000	-400,000,000	-282,000,000	-257,000,000	-186,000,000	-221,000,000	-229,000,000	-294,000,000	-442,000,000
property, plant and equipment reductions																			334,000,000	49,000,000	2,000,000	21,000,000	179,000,000	38,000,000	58,000,000	0	3,000,000	221,000,000	110,000,000	3,000,000	76,000,000	14,000,000	27,000,000	62,000,000	5,000,000	16,000,000	9,000,000	24,000,000	1,000,000	2,000,000	11,000,000	18,000,000	4,000,000			7,000,000	10,000,000	2,000,000	15,000,000	4,000,000	3,000,000	11,000,000	33,000,000	68,000,000	13,000,000	12,000,000	4,000,000	40,000,000	35,000,000	5,000,000	14,000,000	16,000,000	25,000,000	19,000,000	3,000,000	2,000,000	2,000,000	-2,000,000	25,000,000
effect of exchange rate changes on cash and cash equivalents, including restricted																			-20,000,000	4,000,000	-18,000,000								1,000,000				8,000,000
net earnings/
adjustments to reconcile net earnings/(loss) to net cash used by operating activities:
net income																					-561,000,000
adjustments to reconcile net income to net cash (used)/provided by operating activities:
net (decrease)/increase in cash & cash equivalents, including restricted																					-689,000,000
net (loss)/earnings																						-8,439,000,000			-641,000,000
adjustments to reconcile net earnings to net cash from operating activities:
777x reach-forward loss
net cash from financing activities																							-468,000,000
net increase/(decrease) in cash & cash equivalents, including restricted																									5,552,000,000	-278,000,000	597,000,000						418,000,000
net (decrease) / increase in cash & cash equivalents, including restricted
customer financing valuation (benefit)/expense
(gain)/loss on dispositions																																																														3,000,000
repayments of distribution rights and other asset financing
customer financing valuation cost/
excess tax benefits from share-based payment arrangements																																									44,000,000	18,000,000	15,000,000	12,000,000	112,000,000	10,000,000	7,000,000	29,000,000	68,000,000	42,000,000	39,000,000	24,000,000	23,000,000	2,000,000	4,000,000	79,000,000	-40,000,000	-1,000,000	-3,000,000	-10,000,000	-22,000,000	-2,000,000	-2,000,000	-7,000,000	-8,000,000	0	0	0	-5,000,000
inventories, net of advances and progress billings																																			-623,000,000			-579,000,000	1,330,000,000																		-497,000,000	-1,767,000,000	-3,356,000,000	-2,267,000,000	-2,622,000,000	-2,701,000,000	-1,261,000,000	-1,592,000,000	-1,833,000,000	-943,000,000	1,011,000,000	-1,511,000,000	-82,000,000
advances and billings in excess of related costs																																		742,000,000	894,000,000	1,685,000,000	249,000,000					922,000,000	75,000,000			2,045,000,000	-117,000,000	132,000,000	1,085,000,000	-190,000,000	2,071,000,000	-361,000,000	1,833,000,000	1,054,000,000			-160,000,000	1,177,000,000	1,370,000,000	586,000,000	40,000,000	541,000,000	-237,000,000	155,000,000	-221,000,000	281,000,000	69,000,000	180,000,000	-1,210,000,000
net decrease in cash and cash equivalents
cash and cash equivalents at beginning of year																																		0	0	0	8,801,000,000	0	0	0	11,302,000,000	0	0	0	11,733,000,000	0	0	0	9,088,000,000	0	0	0	10,341,000,000	0	0	0	10,049,000,000	0	0	0	5,359,000,000	0	0	0	9,215,000,000	0	0	0	3,268,000,000
customer financing valuation expense/																																			-1,000,000
customer financing valuation benefit																																					7,000,000
net (decrease)/increase in cash and cash equivalents																																																									-3,331,000,000					2,495,000,000	-1,604,000,000
gain/(loss) on dispositions
loss on disposal of discontinued operations																																																								0	2,000,000			1,000,000	3,000,000	3,000,000	0
loss/(gain) on dispositions																																																							1,000,000												1,000,000
gain on disposal of discontinued operations
payments to noncontrolling interest
net increase/(decrease) in cash and cash equivalents																																																										4,095,000,000			311,000,000					3,120,000,000	1,496,000,000
receipt of economic development program funds																																																										0	0	0	69,000,000	91,000,000	58,000,000
payments to noncontrolling interests
stock options exercised, other																																															32,000,000	152,000,000	109,000,000	226,000,000	387,000,000	408,000,000	76,000,000	24,000,000	25,000,000	43,000,000	28,000,000	8,000,000	26,000,000	56,000,000	24,000,000	16,000,000	10,000,000	38,000,000	23,000,000	2,000,000	1,000,000
loss/(gain) on disposal of discontinued operations																																																						0													6,000,000	-1,000,000	8,000,000
repayments of distribution rights financing																																																									-72,000,000	-15,000,000	-30,000,000	-14,000,000	-392,000,000	0	0	-124,000,000	-13,000,000
(gain)/loss on disposal of discontinued operations																																																										-10,000,000
customer financing valuation (benefit)/provision
reimbursement of sea launch guarantee payments																																																														42,000,000	0
customer financing valuation provision																																																										-49,000,000	-155,000,000	-50,000,000	-15,000,000	27,000,000	19,000,000	-7,000,000	12,000,000	14,000,000	19,000,000
depreciation																																																										382,000,000	365,000,000	379,000,000	331,000,000	409,000,000	358,000,000	393,000,000	350,000,000	412,000,000	381,000,000	331,000,000	335,000,000
amortization of acquired intangible assets																																																										52,000,000	52,000,000	50,000,000	49,000,000
amortization of debt discount/premium and issuance costs																																																										4,000,000	4,000,000	3,000,000	4,000,000	4,000,000	5,000,000	5,000,000	5,000,000	5,000,000	3,000,000	2,000,000	2,000,000
payments on sea launch guarantees																																																																		0
adjustments to reconcile net earnings to net cash provided/(used)by operating activities:
amortization of other acquired intangibles																																																														48,000,000	58,000,000	56,000,000	55,000,000	55,000,000	53,000,000	50,000,000	49,000,000
other accrued liabilities																																																														271,000,000	131,000,000	402,000,000	-136,000,000	236,000,000	829,000,000
adjustments to reconcile net earnings to net cash (used)/provided by operating activities:
net increase in cash and cash equivalents																																																																	-4,698,000,000				969,000,000
non-cash investing and financing activities:
customer financing valuation provision/																																																																					9,000,000
loss on dispositions/business shutdown																																																																					3,000,000
accounts payable and other liabilities																																																																					475,000,000

The Boeing Company(NYSE:BA)

The Boeing Company
(NYSE:BA)