v3.25.2
Segment and Revenue Information (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated The following tables reconcile segment Revenues to Segment operating earnings/(loss):
BCABDSBGS
For the six months ended June 30,
202520242025202420252024
Revenues$19,021 $10,656 $12,915 $12,971 $10,344 $9,934 
Less:
Research and development expense, net1,092 1,073 420 494 59 67 
Other segment items(1)
19,023 11,441 12,230 13,239 8,293 8,081 
Segment operating earnings/(loss)($1,094)($1,858)$265 ($762)$1,992 $1,786 
For the three months ended June 30,
202520242025202420252024
Revenues$10,874 $6,003 $6,617 $6,021 $5,281 $4,889 
Less:
Research and development expense, net558 555 221 259 30 41 
Other segment items(1)
10,873 6,163 6,286 6,675 4,202 3,978 
Segment operating (loss)/earnings($557)($715)$110 ($913)$1,049 $870 
(1)    Primarily includes costs of products and services and general and administrative expenses.
Schedule of Disaggregation of Revenue
BCA revenues by customer location consisted of the following:
(Dollars in millions)Six months ended June 30Three months ended June 30
2025202420252024
Revenue from contracts with customers:
Europe$1,498 $1,547 $990 $777 
Asia5,379 4,393 2,422 2,280 
Middle East1,760 1,174 1,277 406 
Other non-U.S.1,188 754 799 344 
Total non-U.S. revenues9,825 7,868 5,488 3,807 
United States9,144 3,158 5,361 2,173 
Estimated potential concessions and other considerations to 737 MAX customers, net of insurance recoveries
5 (443)5 
Total revenues from contracts with customers18,974 10,583 10,854 5,980 
Intersegment revenues eliminated on consolidation47 73 20 23 
Total segment revenues$19,021 $10,656 $10,874 $6,003 
Revenue recognized on fixed-price contracts100 %100 %100 %100 %
Revenue recognized at a point in time100 %99 %100 %99 %
BDS revenues on contracts with customers, based on the customer's location, consisted of the following:
(Dollars in millions)Six months ended June 30Three months ended June 30
2025202420252024
Revenue from contracts with customers:
U.S. customers$10,160 $9,963 $5,227 $4,519 
Non-U.S. customers(1)
2,755 3,008 1,390 1,502 
Total segment revenue from contracts with customers$12,915 $12,971 $6,617 $6,021 
Revenue recognized over time100 %99 %100 %99 %
Revenue recognized on fixed-price contracts58 %55 %58 %52 %
Revenue from the U.S. government(1)
92 %90 %92 %89 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
BGS revenues consisted of the following:
(Dollars in millions)Six months ended June 30Three months ended June 30
2025202420252024
Revenue from contracts with customers:
Commercial$5,967 $5,900 $2,996 $2,900 
Government4,168 3,829 2,172 1,895 
Total revenues from contracts with customers10,135 9,729 5,168 4,795 
Intersegment revenues eliminated on consolidation209 205 113 94 
Total segment revenues$10,344 $9,934 $5,281 $4,889 
Revenue recognized at a point in time53 %53 %52 %53 %
Revenue recognized on fixed-price contracts86 %87 %86 %87 %
Revenue from the U.S. government(1)
30 %28 %31 %27 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
Schedule of Segment, Reconciliation of Other Items from Segments to Consolidated Components of Unallocated items, eliminations and other income/(expense) are shown in the following table.
Six months ended June 30Three months ended June 30
2025202420252024
Share-based plans($51)$53 ($21)$43 
Deferred compensation(80)(49)(85)(19)
Amortization of previously capitalized interest(42)(46)(21)(23)
Research and development expense, net(183)(188)(101)(99)
Eliminations and other unallocated items(1,041)(716)(807)(536)
Unallocated items, eliminations and other
($1,397)($946)($1,035)($634)
Components of Financial Accounting Standards and Cost Accounting Standards Adjustment Components of FAS/CAS service cost adjustment are shown in the following table:
Six months ended June 30Three months ended June 30
2025202420252024
Pension FAS/CAS service cost adjustment$390 $460 $197 $230 
Postretirement FAS/CAS service cost adjustment129 144 60 72 
FAS/CAS service cost adjustment$519 $604 $257 $302 
Reconciliation of Assets from Segment to Consolidated
Segment assets are summarized in the table below:
June 30
2025		December 31
2024
Commercial Airplanes$84,326 $84,177 
Defense, Space & Security16,310 15,350 
Global Services17,164 16,704 
Unallocated items, eliminations and other37,320 40,132 
Total$155,120 $156,363 
Schedule of Capital Expenditures by Segment
Six months ended June 30Three months ended June 30
2025202420252024
Commercial Airplanes$243 $226 $137 $124 
Defense, Space & Security113 135 59 67 
Global Services69 71 43 36 
Unallocated items, eliminations and other676 539 188 177 
Total$1,101 $971 $427 $404 
Schedule of Depreciation and Amortization by Segment
Six months ended June 30Three months ended June 30
2025202420252024
Commercial Airplanes$212 $195 $111 $96 
Defense, Space & Security
103 96 53 49 
Global Services146 152 73 75 
Centrally Managed Assets (1)
465 440 223 221 
Total$926 $883 $460 $441 
(1)Amounts shown in the table represent depreciation and amortization expense recorded by the individual business segments. Depreciation and amortization for centrally managed assets are allocated to business segments based on usage and occupancy. During the six months ended June 30, 2025, $351 was allocated to the primary business segments, of which $172, $140, and $39 was allocated to BCA, BDS and BGS, respectively. During the six months ended June 30, 2024, $342 was allocated to the primary business segments, of which $166, $138, and $38 was allocated to BCA, BDS and BGS, respectively. During the three months ended June 30, 2025, $182 was allocated to the primary business segments, of which $90, $72, and $20 was allocated to BCA, BDS and BGS, respectively. During the three months ended June 30, 2024, $179 was allocated to the primary business segments, of which $86, $73, and $20 was allocated to BCA, BDS and BGS, respectively.