Company: BA
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000012927-25-000015
Chunk: 141

Company: BOEING CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 8
Chunk 141
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11)). These are included in net periodic pension cost. See Note 17.(4)    Includes losses of $39 (net of tax of ($11)) from cash flow hedges reclassified to Other income, net because the forecasted transactions are not probable of occurring.(5)    Primarily related to remeasurement of assets and benefit obligations related to the Company's pension and other postretirement benefit plans resulting in an actuarial loss of ($225) (net of tax of ($1)) and prior service credits of ($140) (net of tax of $0) for the year ended December 31, 2024. See Note 17.

Note 20 – 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 through 2031. We use commodity derivatives, such as fixed-

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price purchase commitments and swaps to hedge against potentially unfavorable price changes for commodities used in production. Our commodity contracts hedge forecasted transactions through 2028.Derivative Instruments Not Receiving Hedge Accounting TreatmentWe have entered into agreements to purchase and sell aluminum to address long-term strategic sourcing objectives and non-U.S. business requirements. These agreements are derivative instruments for accounting purposes. The quantities of aluminum in these agreements offset and are priced at prevailing market prices. We also hold certain foreign currency forward contracts and commodity swaps which do not qualify for hedge accounting treatment.Notional Amounts and Fair ValuesThe notional amounts and fair values of derivative instruments in the Consolidated Statements of Financial Position as of December 31 were as follows:Notional amounts(1)Other assetsAccruedliabilities202420232024202320242023Derivatives designated as hedging instruments:Foreign exchange contracts$5,139 $4,120 $23 $85 ($213)($63)Commodity contracts388 514 65 83 (12)(8)Derivatives not receiving hedge accounting treatment:Foreign exchange contracts103 254 1 1 (17)(32)Commodity contracts129 115  (2)Total derivatives$5,759 $5,003 89 169 (242)(105)Netting arrangements(24)(47)24 47 Net recorded balance$65 $122 ($218)($58)(1)Notional amounts represent the gross contract/notional