Company: BA
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-047023
Chunk: 13

Company: BOEING CO
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 3
Chunk 13
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Research and development expense was largely unchanged during the nine and three months ended September 30, 2025, compared with the same periods in 2024.

Eliminations and other unallocated items expense for the nine and three months ended September 30, 2025, increased by $587 million and $262 million compared with the same periods in 2024 primarily due to higher General and administrative expense. General and administrative expense for the nine months ended September 30, 2025, and 2024, includes earnings charges of $445 million and $244 million related to agreements with the U.S. Department of Justice. For additional discussion, see Note 19 to our Condensed Consolidated Financial Statements.

39

Other Earnings Items

(Dollars in millions)Nine months ended September 30Three months ended September 302025202420252024Loss from operations($4,496)($6,937)($4,781)($5,761)Other income, net924 790 276 265 Interest and debt expense(2,112)(1,970)(694)(728)Loss before income taxes(5,684)(8,117)(5,199)(6,224)Income tax (expense)/benefit(298)149 (140)50 Net loss(5,982)(7,968)(5,339)(6,174)Less: Net earnings/(loss) attributable to noncontrolling interest3 (16)(2)(4)Net loss attributable to Boeing shareholders($5,985)($7,952)($5,337)($6,170)

Other income, net for the nine months ended September 30, 2025, increased by $134 million compared with the same period in 2024, primarily due to an increase in interest income on short-term investments and dividend income, partially offset by lower non-operating pension income. Other income, net for the three months ended September 30, 2025, remained largely unchanged compared with the same period in 2024. For information on changes related to non-operating pension and postretirement expenses, see Note 14 to our Condensed Consolidated Financial Statements.

Interest and debt expense for the nine months ended September 30, 2025, increased by $142 million compared with the same period in 2024 primarily as a result of higher average interest rates. Interest and debt expense for the three months ended September 30, 2025, remained largely unchanged compared with