Company: SPR
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037839
Chunk: 74

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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 than per share amounts)

The following table disaggregates revenue based upon the location where control of products is transferred to the customer:For the Three Months EndedFor the SixMonths EndedLocationJuly 3,2025June 27,2024July 3,2025June 27,2024United States$1,194.9 $1,123.1 $2,339.2 $2,473.8 InternationalUnited Kingdom175.6 158.6 337.3 315.9 Other264.6 210.2 480.4 405.0 Total International440.2 368.8 817.7 720.9 Total Revenue$1,635.1 $1,491.9 $3,156.9 $3,194.7  Remaining Performance ObligationsUnsatisfied, or partially unsatisfied, performance obligations that are expected to be recognized in the future are noted in the table below. The Company expects options to be exercised in addition to the amounts presented below:Remaining in 2025202620272028 and afterUnsatisfied performance obligations$2,547.6 $7,966.3 $4,311.7 $1,381.8 

8.  Inventory

Inventory consists of raw materials used in the production process, work-in-process, which is direct material, direct labor, overhead and purchases, and capitalized pre-production costs. Raw materials are stated at lower of cost (principally on an actual or average cost basis) or net realizable value. Capitalized pre-production costs include certain contract costs, including applicable overhead, incurred before a product is manufactured on a recurring basis. These costs are typically amortized over a period that is consistent with the satisfaction of the underlying performance obligations to which these relate. July 3,2025December 31,2024Raw materials$382.1 $468.7 Work-in-process(1)886.5 1,333.7 Finished goods76.5 71.0 Product inventory1,345.1 1,873.4 Capitalized pre-production— 18.3 Total inventory, net$1,345.1 $1,891.7 (1)Work-in-process inventory includes direct labor, direct material, overhead, and purchases on contracts for which revenue is recognized at a point in time as well as sub-assembly parts