Company: BA
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000012927-25-000062
Chunk: 54

Company: BOEING CO
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 54
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 foreign currency forward contracts, commodity swaps and commodity purchase contracts. We use foreign currency forward contracts to manage currency risk associated with certain expected sales and purchases through 2031. We use commodity derivatives, such as fixed-price purchase commitments and swaps to hedge against potentially unfavorable price changes for commodities used in production. Our commodity contracts hedge forecasted transactions through 2029.

24

Derivative Instruments Not Receiving Hedge Accounting TreatmentWe have entered into agreements to purchase and sell aluminum to address long-term strategic sourcing objectives and non-U.S. business requirements. These agreements are derivative instruments for accounting purposes. The quantities of aluminum in these agreements offset and are priced at prevailing market prices. We also hold certain foreign currency forward contracts and commodity swaps which do not qualify for hedge accounting treatment.Notional Amounts and Fair ValuesThe notional amounts and fair values of derivative instruments in the Condensed Consolidated Statements of Financial Position were as follows:Notional amounts (1)Other assetsAccrued liabilitiesJune 302025December 312024June 302025December 312024June 302025December 312024Derivatives designated as hedging instruments:Foreign exchange contracts$4,797 $5,139 $153 $23 ($48)($213)Commodity contracts478 388 61 65 (8)(12)Derivatives not receiving hedge accounting treatment:Foreign exchange contracts225 103 8 1 (9)(17)Commodity contracts61 129  Total derivatives$5,561 $5,759 $222 $89 ($65)($242)Netting arrangements(39)(24)39 24 Net recorded balance$183 $65 ($26)($218)(1)Notional amounts represent the gross contract/notional amount of the derivatives outstanding.Gains/(losses) associated with our hedging transactions and forward points recognized in Other comprehensive income/(loss), net of tax are presented in the following table:Six months ended June 30Three months ended June 302025202420252024Recognized in Other comprehensive income/(loss), net of tax:Foreign exchange contracts$201 ($75)$134 ($18)Commodity contracts5 (1)4 7 (Losses)/gains associated with our hedging transactions and forward points reclassified from AOCI to earnings are presented in the following table:Six months ended June 30Three months ended June 302025202420252024Foreign exchange contracts