v3.26.1
MASTER TRUST
 12 Months Ended
Dec. 31, 2025
EBP 002  
EBP, Master Trust [Line Items]  
MASTER TRUST MASTER TRUST
The Master Trust assets are invested and records are maintained by each investment fund option. Funds are allocated to the participating plans in accordance with the Plan provisions and Member allocation elections. The allocation of net assets is based on the respective number of units held by the plans’ Members as of year-end. The allocation of the changes in net assets is calculated daily based on the units held by the plans’ Members as of that day’s end.
The Plan’s interest in the Master Trust represented 100% of the Master Trust’s net assets at December 31, 2025 and 2024.
Although the Plan is the only participating plan in the Master Trust as of December 31, 2025, the Company intends to keep the Master Trust for potential future acquired plans and file a Form 5500 as a master trust.

The Master Trust’s statements of net assets as of December 31, 2025 and 2024, are as follows:
20252024
ASSETS:
Investments — at fair value:
Common/collective trusts$49,406 $45,742 
Common and preferred stock10,768 8,867 
Government and agency securities976 737 
Corporate bonds699 553 
Mortgage and asset-backed securities281 356 
Boeing common stock6,402 5,434 
Mutual funds175 133 
Short-term investments
31 42 
Other investments
10 15 
Total investments — at fair value
68,748 61,879 
Investments — at contract value:
Synthetic GICs/SVF10,853 11,231 
Total Master Trust investments79,601 73,110 
Cash and cash equivalents111 180 
Receivables:
Receivables for securities sold86 166 
Accrued investment income45 38 
Other5 6 
Total receivables136 210 
Total assets79,848 73,500 
LIABILITIES:
Payables for securities purchased218 296 
Accrued investment and administration expenses30 26 
Other19 24 
Total liabilities267 346 
NET ASSETS$79,581 $73,154 
The statement of changes in net assets for the Master Trust for the year ended December 31, 2025 is as follows:
Net appreciation of investments
$10,476 
Interest income461 
Dividend income170 
Investment income631 
Net investment income
11,107 
Amounts received from participating plan4,032 
Deductions:
Amounts paid to participating plan8,603 
Investment and administration expenses
109 
Total deductions
8,712 
Increase in net assets
6,427 
Beginning of year
73,154 
End of year
$79,581