Company: BA
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000012927-25-000031
Chunk: 36

Company: BOEING CO
Filing Date: 2025-04-23
Form: 10-Q
Item: Item 1
Chunk 36
---
5. The components of investment in sales-type leases consisted of the following:March 312025December 312024Gross lease payments receivable$216 $229 Unearned income(21)(26)Net lease payments receivable195 203 Unguaranteed residual assets  Total$195 $203 Financing interest income recorded for the three months ended March 31, 2025 and 2024, was $2 and $2.Our financing receivable balances at March 31, 2025 by internal credit rating category and year of origination consisted of the following:Rating categories202320222021PriorTotalBBB$31 $27 $121 $13 $192 B82 82 CCC3 3 Total carrying value of financing receivables$31 $27 $124 $95 $277 At March 31, 2025, our allowance for losses related to receivables with ratings of CCC, B and BBB. We applied default rates that averaged 100.0%, 0.0% and 0.1%, respectively, to the exposure associated with those receivables.

12

The majority of our financing receivables and operating lease equipment portfolio is concentrated in the following aircraft models:March 312025December 312024717 Aircraft (Accounted for as sales-type leases)$192 $196 777 Aircraft (Accounted for as operating leases)179 183 747-8 Aircraft (Primarily accounted for as notes)86 92 737 Aircraft (Primarily accounted for as operating leases)47 47 Lease income recorded in Sales of services on the Condensed Consolidated Statements of Operations for the three months ended March 31, 2025 and 2024, included $5 and $10 of interest income from sales-type leases and $12 and $18 from operating lease payments.Variable lease payments for sales-type leases recognized in interest income for the three months ended March 31, 2025 and 2024, were insignificant. Variable lease payments on operating leases for the three and three months ended March 31, 2025 and 2024, were insignificant.

Profit at the commencement of sales-type leases for the three months ended March 31, 2025 and 2024, was insignificant. 

Note 9 – Investments 

Our investments, which are recorded in Short-term and other investments or Investments, consisted of the following:March 312025December 312