Company: BA
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000012927-25-000015
Chunk: 111

Company: BOEING CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 8
Chunk 111
---
 our financing receivables and operating lease equipment portfolio is concentrated in the following aircraft models at December 31:20242023717 Aircraft (Accounted for as sales-type leases)$196 $478 777 Aircraft (Accounted for as operating leases)183 194 747-8 Aircraft (Primarily accounted for as notes)92 129 737 Aircraft (Primarily accounted for as operating leases)47 156 747-400 Aircraft (Accounted for as sales-type leases)43 Impairment charges related to operating lease assets were $5, $0, and $7 for the years ended December 31, 2024, 2023 and 2022, respectively.Lease income recorded in Sales of services on the Consolidated Statements of Operations for the years ended December 31, 2024, 2023 and 2022, included $45, $55, and $69 of interest income from sales-type leases and $56, $60, and $65 from operating lease payments, respectively. Variable lease payments for sales-type leases recognized in interest income for the years ended December 31, 2024, 2023 and 2022, were insignificant.Profit at the commencement of sales-type leases was recorded in Sales of services for the years ended December 31, 2024, 2023 and 2022 in the amount of $9, $32, and $28, respectively.

81

As of December 31, 2024, undiscounted cash flows for notes receivable, sales-type and operating leases over the next five years and thereafter are as follows:Notes receivableSales-type leasesOperating leasesYear 1$9 $189 $47 Year 210 13 39 Year 311 13 34 Year 412 14 32 Year 513  13 Thereafter30   Total financing receipts85 229 165 Less imputed interest(26)Total$85 $203 $165 At December 31, 2024 and 2023, unguaranteed residual values were $0 and $21.

Note 11 – Property, Plant and Equipment

Property, plant and equipment at December 31 consisted of the following:20242023Land$353 $377 Buildings and land improvements14,985 14,795 Machinery and equipment16,660 16,055 Construction in progress2,339 1,679 Gross property