Company: BA
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-047023
Chunk: 105

Company: BOEING CO
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 105
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199 224 70 80 Loss from operations (GAAP)($4,496)($6,937)($4,781)($5,761)FAS/CAS service cost adjustment * (787)(832)(268)(228)Core operating loss (Non-GAAP) **($5,283)($7,769)($5,049)($5,989)

*    The FAS/CAS service cost adjustment represents the difference between the Financial Accounting Standards (FAS) pension and postretirement service costs calculated under GAAP and costs allocated to the business segments.

**    Core operating earnings/(loss) is a Non-GAAP measure that excludes the FAS/CAS service cost adjustment. See pages 53-54.

Loss from operations for the nine months ended September 30, 2025, decreased by $2,441 million compared with the same period in 2024, primarily driven by BDS ($3,525 million), partially offset by an increase in Loss from operations on Unallocated items, eliminations and other ($781 million) and at BCA ($568 million).

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Loss from operations for the three months ended September 30, 2025, decreased by $980 million compared with the same period in 2024, primarily driven by BDS ($2,498 million), partially offset by an increase in Loss from operations at BCA ($1,332 million).

Core operating loss for the nine and three months ended September 30, 2025, decreased by $2,486 million and $940 million compared with the same periods in 2024, primarily due to favorable changes in Segment operating loss as described above.

For information related to Postretirement Plans, see Note 14 to our Condensed Consolidated Financial Statements.

Unallocated Items, Eliminations and Other

The most significant items included in Unallocated items, eliminations and other (expense)/income are shown in the following table:

(Dollars in millions)Nine months ended September 30Three months ended September 302025202420252024Share-based plans($40)$118 $11 $65 Deferred compensation(150)(100)(70)(51)Amortization of previously capitalized interest(64)(70)(22)(24)Research and development expense, net(285)(293)(102)(105)Eliminations and other unallocated items(1,606)(1,019)(565)(303)Unallocated items, eliminations and other ($2,145)($1