Company: BA
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000012927-25-000015
Chunk: 147

Company: BOEING CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 8
Chunk 147
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 aircraft and weapons systems, surveillance and engagement, strategic defense and intelligence systems, satellite systems and space exploration. BDS revenue is generally recognized over the contract term (over time) as costs are incurred.BGS provides parts, maintenance, modifications, logistics support, training, data analytics and information-based services to commercial and government customers worldwide. BGS segment revenue and costs include certain products and services provided to other segments. Revenue on commercial spare parts contracts is recognized at the point in time when a spare part is delivered to the customer. Revenue on other contracts is generally recognized over the contract term (over time) as costs are incurred.Our chief operating decision maker is currently our President and Chief Executive Officer (CEO). The primary profitability measurement used by the CEO to review segment operating results is Segment operating (loss)/earnings. The CEO uses Segment operating (loss)/earnings to allocate resources (including employees, financial and capital resources) for each segment predominantly in the annual planning process. Segment operating (loss)/earnings is used to monitor segment results compared to prior period, forecasted results, and the annual plan.

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The following table reconciles segment Revenues to Segment operating (loss)/earnings:BCABDSBGSFor the year ended December 31, 2022Revenues$26,026 $23,162 $17,611 Less:Research and development expense, net1,510 945 119 Other segment items(1)26,857 25,761 14,765 Segment operating (loss)/earnings($2,341)($3,544)$2,727 For the year ended December 31, 2023Revenues$33,901 $24,933 $19,127 Less:Research and development expense, net2,036 919 107 Other segment items(1)33,500 25,778 15,691 Segment operating (loss)/earnings($1,635)($1,764)$3,329 For the year ended December 31, 2024Revenues$22,861 $23,918 $19,954 Less:Research and development expense, net2,386 917 132 Other segment items(1)28,444 28,414 16,204 Segment operating (loss)/earnings($7,969)($5,413)$3,618 (1)    Primarily includes costs of products and services and general and administrative expenses.While