Company: BA
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-047023
Chunk: 90

Company: BOEING CO
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 90
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 instruments:Foreign exchange contracts$4,252 $5,139 $126 $23 ($66)($213)Commodity contracts469 388 63 65 (1)(12)Derivatives not receiving hedge accounting treatment:Foreign exchange contracts521 103 6 1 (11)(17)Commodity contracts32 129  Total derivatives$5,274 $5,759 $195 $89 ($78)($242)Netting arrangements(38)(24)38 24 Net recorded balance$157 $65 ($40)($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:Nine months ended September 30Three months ended September 302025202420252024Recognized in Other comprehensive income/(loss), net of tax:Foreign exchange contracts$166 ($18)($35)$57 Commodity contracts15 5 10 6 (Losses)/gains associated with our hedging transactions and forward points reclassified from AOCI to earnings are presented in the following table:Nine months ended September 30Three months ended September 302025202420252024Foreign exchange contractsCosts and expenses($21)($19)($9)($7)General and administrative expense(4)(13)5 Commodity contractsCosts and expenses($21)($6)($3)$6 General and administrative expense5 5 2 2 

24

Gains/(losses) related to undesignated derivatives on foreign exchange and commodity cash flow hedging transactions recognized in Other income, net were insignificant for the nine and three months ended September 30, 2025 and 2024.Based on our portfolio of cash flow hedges, we expect to reclassify losses of $11 (pre-tax) out of AOCI into earnings during the next 12 months.We have derivative instruments with credit-risk-related contingent features. If we default on our five-year credit facilities, our derivative counterparties could require settlement for foreign exchange and certain commodity contracts with original maturities of at least five years. The fair value of those contracts in a net liability position at September 30, 2025 was $3. For other particular commodity contracts, our counterparties could require collateral posted in an amount determined by our