Company: BA
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000012927-25-000015
Chunk: 475

Company: BOEING CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 3
Chunk 475
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 rely on the NAV of these investments as the practical expedient for the valuations.

100

The following tables summarizes the changes of Level 3 assets, reconciled by asset class, held during the years ended December 31, 2024 and 2023. Transfers into and out of Level 3 are reported at the beginning-of-year values.January 12024 BalanceNet Realized and Unrealized (Losses)/GainsNet Purchases, Issuances and SettlementsNet Transfers Into/(Out of) Level 3December 312024 BalanceFixed income securities:Corporate$59 ($3)($22)$34 Mortgage backed and    asset backed161 2 5 $4 172 Other3 (3) Sovereign 1 1 Cash equivalents and other short-term investments 4 4 Equity securities:Non-U.S. common and    preferred stock 1 (1)Real assets3 (2)1 2 Total$226 ($3)($15)$5 $213 January 12023 BalanceNet Realized and Unrealized Gains/(Losses)Net Purchases, Issuances and SettlementsNet Transfers Into/(Out of) Level 3December 312023 BalanceFixed income securities:  Corporate$70 $5 ($16)$59 U.S. government and agencies(1)$1 Mortgage backed and asset backed162 7 10 (18)161 Municipal32 (5)(27)Other3 3 Real assets4 (1)3 Total$268 $14 ($12)($44)$226 For the year ended December 31, 2024, the changes in unrealized (losses)/gains for Level 3 assets still held at December 31, 2024 were ($7) for corporate fixed income securities, and $1 for mortgage backed and asset backed fixed income securities. For the year ended December 31, 2023, the changes in unrealized gains for Level 3 assets still held at December 31, 2023 were $2 for corporate fixed income securities, $6 for mortgage backed and asset backed fixed income securities, and $3 for other fixed income securities.OPB Plan Assets The majority of OPB plan assets are invested in two commingled index funds (with daily liquidity) which are held at a target allocation of