Company: BA
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000012927-25-000031
Chunk: 35

Company: BOEING CO
Filing Date: 2025-04-23
Form: 10-Q
Item: Item 1
Chunk 35
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 in the program accounting quantity that represent expected future orders. We expensed abnormal production costs of $30 and $80 during the three months ended March 31, 2025 and 2024.Commercial aircraft programs inventory included amounts credited in cash or other consideration (early issue sales consideration) to airline customers totaling $5,953 and $5,837 at March 31, 2025 and December 31, 2024.

Note 7 – Contracts with Customers

Unbilled receivables increased from $8,363 at December 31, 2024, to $9,031 at March 31, 2025, primarily driven by revenue recognized in excess of billings at BDS.Advances and progress billings increased from $60,333 at December 31, 2024, to $61,114 at March 31, 2025, primarily driven by advances on orders received at Commercial Airplanes (BCA) and BGS, partially offset by revenue recognized at BDS.

Revenues recognized during the three months ended March 31, 2025 and 2024, from amounts recorded as Advances and progress billings at the beginning of each year were $5,488 and $4,181. 

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Note 8 – Financing Receivables and Operating Lease Equipment

Financing receivables and operating lease equipment, net consisted of the following:March 312025December 312024Financing receivables:Investment in sales-type leases$195 $203 Notes82 85 Total financing receivables277 288 Less allowance for losses on receivables4 7 Financing receivables, net273 281 Operating lease equipment, at cost, less accumulated depreciation of $49 and $46237 240 Total$510 $521 Our financing arrangements range in terms from 1 to 7 years, and include $191 of Investment in sales-type leases, net of allowances, that will be repaid in one year or less. Financing arrangements may include options to extend or terminate. Certain leases include provisions to allow the lessee to purchase the underlying aircraft at a specified price. At March 31, 2025 and December 31, 2024, $4 and $7 were determined to be uncollectible financing receivables and placed on non-accrual status. The allowance for losses on financing receivables decreased primarily due to cash collections during the three months ended March 31, 202