Company: BA
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000012927-25-000015
Chunk: 453

Company: BOEING CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 3
Chunk 453
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 on receivables7 51 Financing receivables, net281 607 Operating lease equipment, at cost, less accumulated depreciation of $46 and $70240 352 Total$521 $959 Our financing arrangements range in terms from 1 to 8 years, and include $196 of investment in sales-type leases, net of allowances, that will be repaid in one year or less. Financing arrangements may include options to extend or terminate. Certain leases include provisions to allow the lessee to purchase the underlying aircraft at a specified price. At December 31, 2024 and 2023, $7 and $44 were determined to be uncollectible financing receivables and placed on non-accrual status. The allowance for losses on financing receivables decreased primarily due to cash collections during the year ended December 31, 2024. The components of investment in sales-type leases at December 31 were as follows:20242023Gross lease payments receivable$229 $697 Unearned income(26)(162)Net lease payments receivable203 535 Unguaranteed residual assets 21 Total$203 $556 Financing interest income recorded for the years ended December 31, 2024 and 2023, was $7 and $108.Financing receivables that were past due as of December 31, 2024 and 2023, totaled $0 and $9.

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Our financing receivable balances at December 31, 2024, by internal credit rating category and year of origination, consisted of the following:Rating categoriesCurrent2023202220212020PriorTotalBBB$32 $28 $122 $5 $9 $196 B85 85 CCC7 7 Total carrying value of financing receivables $32 $28 $129 $5 $94 $288 At December 31, 2024, our allowance for losses related to receivables with ratings of CCC, B, and BBB. We applied default rates that averaged 100.0%, 0.0%, and 0.1%, respectively, to the exposure associated with those receivables.The majority of 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 (Account