Company: BA
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-047023
Chunk: 36

Company: BOEING CO
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 2
Chunk 36
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 BCA revenues increased by $3,651 million primarily due to higher deliveries. BDS revenues increased by $1,366 million primarily due to lower net unfavorable cumulative contract catch-up adjustments and higher volume.

Loss from Operations

The following table summarizes Loss from operations:

(Dollars in millions)Nine months ended September 30Three months ended September 302025202420252024Commercial Airplanes($6,447)($5,879)($5,353)($4,021)Defense, Space & Security379 (3,146)114 (2,384)Global Services2,930 2,620 938 834 Segment operating loss(3,138)(6,405)(4,301)(5,571)Unallocated items, eliminations and other(2,145)(1,364)(748)(418)Pension FAS/CAS service cost adjustment588 608 198 148 Postretirement FAS/CAS service cost adjustment199 224 70 80 Loss from operations (GAAP)($4,496)($6,937)($4,781)($5,761)FAS/CAS service cost adjustment * (787)(832)(268)(228)Core operating loss (Non-GAAP) **($5,283)($7,769)($5,049)($5,989)

*    The FAS/CAS service cost adjustment represents the difference between the Financial Accounting Standards (FAS) pension and postretirement service costs calculated under GAAP and costs allocated to the business segments.

**    Core operating earnings/(loss) is a Non-GAAP measure that excludes the FAS/CAS service cost adjustment. See pages 53-54.

Loss from operations for the nine months ended September 30, 2025, decreased by $2,441 million compared with the same period in 2024, primarily driven by BDS ($3,525 million), partially offset by an increase in Loss from operations on Unallocated items, eliminations and other ($781 million) and at BCA ($568 million).

38

Loss from operations for the three months ended September 30, 2025, decreased by $980 million compared with the same period in 2024, primarily driven by BDS ($2,498 million), partially offset by an increase in Loss from operations at BCA ($1,332 million).

Core operating loss for the nine and three months ended September 30, 2025, decreased by $2,