Company: BA
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000012927-25-000015
Chunk: 308

Company: BOEING CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 3
Chunk 308
---
 investments$948 $966 

83

Note 13 – Leases 

Our operating lease assets primarily represent manufacturing and research and development facilities, warehouses and offices. Total operating lease expense was $530, $457 and $421 for the years ended December 31, 2024, 2023 and 2022, of which $75, $76 and $75 was attributable to variable lease expenses, respectively.For the years ended December 31, 2024, 2023 and 2022, cash payments against operating lease liabilities totaled $408, $323 and $294, and non-cash transactions totaled $490, $488 and $245 to recognize operating assets and liabilities for new leases and modifications.Supplemental information related to leases included in the Consolidated Statements of Financial Position at December 31 is as follows:20242023Operating leases:Operating lease right-of-use assets$1,984$1,690Operating lease liabilities:Current portion of lease liabilities324296Non-current portion of lease liabilities1,7701,518Total operating lease liabilities$2,094$1,814Weighted average remaining lease term (years)1211Weighted average discount rate3.43%3.21%Operating lease assets are included in Other assets, net, with the related liabilities included in Accrued liabilities and Other long-term liabilities.Scheduled payments for operating lease liabilities are as follows:Operating leases2025$421 2026373 2027318 2028263 2029194 Thereafter1,285 Total lease payments2,855 Less imputed interest(761)Total$2,094 As of December 31, 2024, we have entered into leases that have not yet commenced of $15 for offices. These leases will commence in 2025 with lease terms of 3 years to 10 years.

84

Note 14 – Liabilities, Commitments and Contingencies

Accrued LiabilitiesAccrued liabilities at December 31 consisted of the following:20242023Forward loss recognition$7,634 $4,699 Accrued compensation and employee benefit costs6,110 6,721 Product warranties2,133 2,448 Environmental834 844 Accrued interest payable796 652 737 MAX customer concessions and other considerations641 1,327 Other customer concessions and considerations1,552 1,300 Current portion of retiree healthcare and pension liabilities452 473 Current portion