Company: BA
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000012927-25-000015
Chunk: 496

Company: BOEING CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 7
Chunk 496
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 2023 compared to 2022. 

Net periodic pension benefit costs included in Loss from operations were as follows:

(Dollars in millions)PensionYears ended December 31,202420232022Allocated to business segments($816)($801)($852)Pension FAS/CAS service cost adjustment811 799 849 Net periodic pension benefit cost included in Loss from operations($5)($2)($3)

The pension FAS/CAS service cost adjustment recognized in Loss from operations was largely consistent in 2024 compared with 2023 and decreased by $50 million in 2023 compared with 2022 due to changes in allocated pension cost year over year. Net periodic benefit cost included in Loss from operations in 2024 was largely consistent with 2023 and 2022.

For additional discussion related to Postretirement Plans, see Note 17 to our Consolidated Financial Statements.

28

Other Earnings Items  

(Dollars in millions)Years ended December 31,202420232022Loss from operations($10,707)($773)($3,519)Other income, net1,222 1,227 1,058 Interest and debt expense(2,725)(2,459)(2,561)Loss before income taxes(12,210)(2,005)(5,022)Income tax benefit/(expense)381 (237)(31)Net loss(11,829)(2,242)(5,053)Less: net loss attributable to noncontrolling interest(12)(20)(118)Net loss attributable to Boeing shareholders($11,817)($2,222)($4,935)

Non-operating pension income included in Other income, net was $476 million in 2024, $529 million in 2023 and $881 million in 2022. The decreased income in 2024 compared to 2023 was primarily due to lower expected return on plan assets and higher amortization of net actuarial losses, partially offset by lower interest cost. The decreased non-operating pension income in 2023 compared to 2022 was primarily due to higher interest cost and lower expected return on plan assets, partially offset by lower amortization of net actuarial losses.

Non-operating postretirement income included in Other income, net was $73 million in 2024 and $58 million in 2023 and 2022. The increased income in 2024 was primarily due to lower interest cost,