Company: BA
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000012927-25-000015
Chunk: 468

Company: BOEING CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 3
Chunk 468
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 participants who are eligible for retiree health care coverage. Certain employee groups, including employees covered by most United Auto Workers bargaining agreements, are provided lifetime health care coverage. The funded status of the plans is measured as the difference between the plan assets at fair value and the projected benefit obligation (PBO). We have recognized the aggregate of all overfunded plans in Other assets and the aggregate of all underfunded plans in either Accrued retiree health care or Accrued pension plan liability, net. The portion of the amount by which the actuarial present value of benefits included in the PBO exceeds the fair value of plan assets, payable in the next 12 months, is reflected in Accrued liabilities.The components of net periodic benefit (income)/cost were as follows:PensionOther Postretirement BenefitsYears ended December 31,202420232022202420232022Service cost$5 $2 $3 $51 $49 $72 Interest cost2,635 2,820 2,080 124 148 98 Expected return on plan assets(3,311)(3,441)(3,789)(10)(9)(10)Amortization of prior service credits(81)(81)(81)(11)(22)(35)Recognized net actuarial loss/(gain)281 173 913 (176)(175)(111)Settlement/curtailment gain(4)Net periodic benefit (income)/cost($471)($527)($878)($22)($9)$14 Net periodic benefit cost included in Loss from operations$5 $2 $3 $47 $62 $79 Net periodic benefit income included in Other income, net(476)(529)(881)(73)(58)(58)Net periodic benefit (income)/cost included in Loss before income taxes($471)($527)($878)($26)$4 $21 The following tables show changes in the benefit obligation, plan assets and funded status of both pensions and OPB for the years ended December 31, 2024 and 2023. Benefit obligation balances presented below reflect the PBO for our pension plans and accumulated postretirement benefit obligations (APBO) for our OPB plans.

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PensionOther Postretirement Benefits2024202320242023Change in benefit obligationBeginning balance$54,325 $55,117 $2,651 $2,978 Service cost5