Company: BA
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000012927-25-000015
Chunk: 132

Company: BOEING CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 8
Chunk 132
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 the General Partner, fund manager or third-party administrator. Additionally, some investments in fixed income and equity are made via commingled vehicles and are valued in a similar fashion. Pension assets invested in commingled and LP structures rely on the NAV of these investments as the practical expedient for the valuations.

100

The following tables summarizes the changes of Level 3 assets, reconciled by asset class, held during the years ended December 31, 2024 and 2023. Transfers into and out of Level 3 are reported at the beginning-of-year values.January 12024 BalanceNet Realized and Unrealized (Losses)/GainsNet Purchases, Issuances and SettlementsNet Transfers Into/(Out of) Level 3December 312024 BalanceFixed income securities:Corporate$59 ($3)($22)$34 Mortgage backed and    asset backed161 2 5 $4 172 Other3 (3) Sovereign 1 1 Cash equivalents and other short-term investments 4 4 Equity securities:Non-U.S. common and    preferred stock 1 (1)Real assets3 (2)1 2 Total$226 ($3)($15)$5 $213 January 12023 BalanceNet Realized and Unrealized Gains/(Losses)Net Purchases, Issuances and SettlementsNet Transfers Into/(Out of) Level 3December 312023 BalanceFixed income securities:  Corporate$70 $5 ($16)$59 U.S. government and agencies(1)$1 Mortgage backed and asset backed162 7 10 (18)161 Municipal32 (5)(27)Other3 3 Real assets4 (1)3 Total$268 $14 ($12)($44)$226 For the year ended December 31, 2024, the changes in unrealized (losses)/gains for Level 3 assets still held at December 31, 2024 were ($7) for corporate fixed income securities, and $1 for mortgage backed and asset backed fixed income securities. For the year ended December 31, 2023, the changes in unrealized gains for Level 3 assets still held at December 31, 2023 were $2 for corporate fixed income securities, $6 for mortgage backed and asset backed