Company: BA
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000012927-25-000015
Chunk: 238

Company: BOEING CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 3
Chunk 238
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ollars in millions)Years ended December 31,202420232022Commercial Airplanes$22,861 $33,901 $26,026 Defense, Space & Security23,918 24,933 23,162 Global Services19,954 19,127 17,611 Unallocated items, eliminations and other(216)(167)(191)Total$66,517 $77,794 $66,608 

Revenues decreased by $11,277 million in 2024 compared with 2023 driven by lower revenues at BCA and BDS, partially offset by higher revenues at BGS. BCA revenues decreased by $11,040 million primarily driven by lower deliveries across all programs and 737-9 customer considerations related to the January 2024 grounding. BDS revenues decreased by $1,015 million primarily due to higher net unfavorable cumulative contract catch-up adjustments on major fixed-price development programs. BGS revenues increased by $827 million primarily due to higher commercial services revenue. 

Revenues increased by $11,186 million in 2023 compared with 2022 driven by higher revenues at all three operating segments. BCA revenues increased by $7,875 million primarily driven by higher 787 deliveries. BDS revenues increased by $1,771 million primarily due to higher revenues on fixed-price development programs. BGS revenues increased by $1,516 million primarily due to higher commercial services revenue driven by market recovery across the commercial portfolio. 

We expect that revenues will continue to be significantly impacted until deliveries ramp up, the global supply chain stabilizes, and labor instability diminishes.

26

Loss From Operations 

The following table summarizes Loss from operations:

(Dollars in millions)Years ended December 31,202420232022Commercial Airplanes($7,969)($1,635)($2,341)Defense, Space & Security(5,413)(1,764)(3,544)Global Services3,618 3,329 2,727 Segment operating loss(9,764)(70)(3,158)Unallocated items, eliminations and other(2,047)(1,759)(1,504)Pension FAS/CAS service cost adjustment811 799 849 Postretirement FAS/CAS service cost adjustment293 257 294 Loss from operations (GAAP)($10,707)($773)($3,519)FAS/CAS service cost adjustment(1)(1,