Company: BA
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000012927-25-000031
Chunk: 48

Company: BOEING CO
Filing Date: 2025-04-23
Form: 10-Q
Item: Item 1
Chunk 48
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 cash flow hedging transactions recognized in Other income, net were insignificant for the three months ended March 31, 2025 and 2024.Based on our portfolio of cash flow hedges, we expect to reclassify losses of $50 (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 March 31, 2025 was $14. For other particular commodity contracts, our counterparties could require collateral posted in an amount determined by our credit ratings. At March 31, 2025, there was no collateral posted related to our derivatives.

Note 16 – 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.March 31, 2025December 31, 2024TotalLevel 1Level 2TotalLevel 1Level 2AssetsMoney market funds$5,182 $5,182 $6,475 $6,475 Available-for-sale debt investments:Commercial paper163 $163 165 $165 Corporate notes338 338 335 335 U.S. government agencies17 1717 17 Other equity investments10 10 9 9 Derivatives80 80 65 65 Total assets$5,790 $5,192 $598 $7,066 $6,484 $582 LiabilitiesDerivatives($120)($120)($218)($218)Total liabilities($120) ($120)($218)($218)Money market funds, available-for-sale debt investments and equity securities are valued using a market approach based on the quoted market prices or broker/dealer quotes of identical or comparable instruments.Derivatives include foreign currency and commodity contracts. Our foreign currency forward contracts are valued using an income approach based on the present