Company: BA
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000012927-25-000015
Chunk: 103

Company: BOEING CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 8
Chunk 103
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 restricted stock units 0.4 Performance restricted stock units0.7  Restricted stock units0.5 1.0 Stock options0.8 0.8 0.8 In addition, potential common shares of 11.6 million, 5.7 million, and 3.5 million for the years ended December 31, 2024, 2023 and 2022 were excluded from the computation of Diluted loss per share, because the effect would have been antidilutive as a result of incurring a net loss in those periods.

Note 5 – Income Taxes

The components of Loss before income taxes were:Years ended December 31,202420232022U.S.($12,813)($2,512)($5,457)Non-U.S.603 507 435 Total($12,210)($2,005)($5,022)Income tax (benefit)/expense consisted of the following:Years ended December 31,202420232022Current tax (benefit)/expenseU.S. federal($277)$9 ($58)Non-U.S.184 179 142 U.S. state14 19 (42)Total current(79)207 42 Deferred tax (benefit)/expenseU.S. federal(71)6 (62)Non-U.S.3 5 (3)U.S. state(234)19 54 Total deferred(302)30 (11)Total income tax (benefit)/expense($381)$237 $31 Net income tax payments/(refunds) were $187, $204 and ($1,317) in 2024, 2023 and 2022, respectively.

74

The following is a reconciliation of the U.S. federal statutory tax to actual income tax (benefit)/expense:Years ended December 31,202420232022AmountRateAmountRateAmountRateU.S. federal statutory tax($2,564)21.0 %($421)21.0 %($1,054)21.0 %Valuation allowance3,145 (25.8)1,150 (57.3)1,199 (23.9)Federal audit settlement(1)(490)4.0 Research and development credits(409)3.3 (472)23.6 (204)4.1 State income tax provision, net of