Company: BA
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000012927-25-000062
Chunk: 55

Company: BOEING CO
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 55
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Costs and expenses($12)($12)($8)($5)General and administrative expense(9)(13)1 (9)Commodity contractsCosts and expenses($18)($12)($7)($12)General and administrative expense3 3 1 1 

25

Gains/(losses) related to undesignated derivatives on foreign exchange and commodity cash flow hedging transactions recognized in Other income, net were insignificant for the six and three months ended June 30, 2025 and 2024.Based on our portfolio of cash flow hedges, we expect to reclassify losses of $8 (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 June 30, 2025 was $4. For other particular commodity contracts, our counterparties could require collateral posted in an amount determined by our credit ratings. At June 30, 2025, there was no collateral posted related to our derivatives.

Note 17 – Fair Value Measurements

The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value. Level 1 refers to fair values determined based on quoted prices in active markets for identical assets. Level 2 refers to fair values estimated using significant other observable inputs, and Level 3 includes fair values estimated using significant unobservable inputs. The following table presents our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy.June 30, 2025December 31, 2024TotalLevel 1Level 2TotalLevel 1Level 2AssetsMoney market funds$1,974 $1,974 $6,475 $6,475 Available-for-sale debt investments:Commercial paper164 $164 165 $165 Corporate notes342 342 335 335 U.S. government agencies17 1717 17 Other equity investments10 10 9 9 Derivatives183 183 65 65 Total assets$2,690 $1,984 $706 $7,066 $6,484 $582 LiabilitiesDerivatives($26)($