Company: BA
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000012927-25-000015
Chunk: 143

Company: BOEING CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 8
Chunk 143
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 categorized using the fair value hierarchy.December 31, 2024December 31, 2023TotalLevel 1Level 2TotalLevel 1Level 2AssetsMoney market funds$6,475 $6,475 $1,514 $1,514 Available-for-sale debt investments:Commercial paper165 $165 291 $291 Corporate notes335 335 183 183 U.S. government agencies17 17 25 25 Other equity investments9 9 44 44 Derivatives65 65 122 122 Total assets$7,066 $6,484 $582 $2,179 $1,558 $621 LiabilitiesDerivatives($218)($218)($58)($58)Total liabilities($218)($218)($58)($58)Money market funds, available-for-sale debt investments and equity investments are valued using a market approach based on the quoted market prices or broker/dealer quotes of identical or comparable instruments.Derivatives include foreign currency and commodity contracts. Our foreign currency forward contracts are valued using an income approach based on the present value of the forward rate less the contract rate multiplied by the notional amount. Commodity derivatives are valued using an income approach based on the present value of the commodity index prices less the contract rate multiplied by the notional amount.Certain assets have been measured at fair value on a nonrecurring basis. The following table presents the nonrecurring losses recognized for the years ended December 31 due to long-lived asset impairment and the fair value of the related assets as of the impairment date:20242023Fair ValueTotal LossesFair ValueTotal LossesProperty, plant and equipment$32 ($54)$14 ($26)Investments (32) (18)Other assets6 (21) (2)Operating lease equipment15 (5) Total$53 ($112)$14 ($46)

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Level 2 and Level 3 Property, plant and equipment were valued based on third-party valuations using a combination of income and market approaches and adjusted for as-is condition. Level 3 Investments and Other assets were primarily valued using an income approach based on the discounted cash flows associated with the underlying assets. These approaches are considered estimates of net operating income, capitalization rates, and/or comparable property sales. Level 3 operating lease equipment is derived by calculating a median collateral value from a consistent group of