Company: BA
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000012927-25-000031
Chunk: 39

Company: BOEING CO
Filing Date: 2025-04-23
Form: 10-Q
Item: Item 1
Chunk 39
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, may be exercised only during the period specified in the agreement, and require advance notice by the customer.Trade-in commitment agreements at March 31, 2025, have expiration dates from 2025 through 2032. At March 31, 2025, and December 31, 2024, total contractual trade-in commitments were $1,512 and $1,393. As of March 31, 2025 and December 31, 2024, we estimated it was probable we would be obligated to perform on certain of these commitments with net amounts payable to customers totaling $71 and $275 and the fair value of the related trade-in aircraft was $67 and $270.Financing CommitmentsFinancing commitments related to aircraft on order, including options and those proposed in sales campaigns, and refinancing of delivered aircraft, totaled $17,157 and $17,124 as of March 31, 2025 and December 31, 2024. The estimated earliest potential funding dates for these commitments as of March 31, 2025 are as follows:TotalApril through December 2025$2,727 20262,223 20274,690 20282,944 20291,779 Thereafter2,794 Total$17,157 As of March 31, 2025, $13,832 of these financing commitments relate to customers we believe have less than investment-grade credit. We have concluded that no reserve for future potential losses is required for these financing commitments based upon the terms, such as collateralization and interest rates, under which funding would be provided.Other Financial CommitmentsWe have financial commitments to make additional capital contributions totaling $277 to certain joint ventures over the next eight years.

15

Standby Letters of Credit and Surety BondsWe have entered into standby letters of credit and surety bonds with financial institutions primarily relating to the guarantee of our future performance on certain contracts and security agreements. Contingent liabilities on outstanding letters of credit agreements and surety bonds aggregated approximately $3,036 and $2,991 as of March 31, 2025 and December 31, 2024.Supply Chain Financing ProgramsThe Company has supply chain financing programs in place under which participating suppliers may elect to obtain payment from an intermediary. The Company confirms the validity of invoices from participating suppliers and agrees to pay the intermediary an amount based on invoice totals. The majority of amounts payable under these programs are due within 30 to 90 days but may extend up