Company: BA
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000012927-25-000031
Chunk: 46

Company: BOEING CO
Filing Date: 2025-04-23
Form: 10-Q
Item: Item 1
Chunk 46
---
 conversion rate, as defined in the Certificate of Designations, for a specified period of time and also to receive an amount to compensate such holders for unpaid accumulated dividends and any remaining future scheduled dividend payments.Other than during a fundamental change conversion period, at any time prior to October 15, 2027, holders of Mandatory convertible preferred stock may elect to convert all or any portion of their shares at a conversion rate of 5.8280 shares of common stock per share of Mandatory convertible preferred stock, subject to certain anti-dilution and other adjustments as described in the Certificate of Designations.Accumulated Other Comprehensive LossChanges in Accumulated other comprehensive loss (AOCI) by component for the three months ended March 31, 2025 and 2024, were as follows:Currency Translation AdjustmentsUnrealized Gains and Losses on Certain InvestmentsUnrealized Gains and Losses on Derivative Instruments Defined Benefit Pension Plans & Other Postretirement BenefitsTotal (1)Balance at January 1, 2024($134)$2 $12 ($10,185)($10,305)Other comprehensive loss before reclassifications(35)(65)(14)(114)Amounts reclassified from AOCI7  (2)7 Net current period Other comprehensive loss(35)(58)(14)(107)Balance at March 31, 2024($169)$2 ($46)($10,199)($10,412)Balance at January 1, 2025($178)$2 ($211)($10,528)($10,915)Other comprehensive income before reclassifications46 68 114 Amounts reclassified from AOCI18 23 (2)41 Net current period Other comprehensive income46 86 23 155 Balance at March 31, 2025($132)$2 ($125)($10,505)($10,760)(1)     Net of tax.(2)    Primarily relates to the amortization of prior service credits and actuarial losses included in net periodic benefit cost for the three months ended March 31, 2025 and 2024 totaling $23 and $0 (net of tax of $2 and $0).

Note 15 – Derivative Financial Instruments

Cash Flow HedgesOur cash flow hedges include foreign currency forward contracts, commodity swaps and commodity purchase contracts. We use foreign currency forward contracts to manage currency risk associated with certain expected sales and purchases