v3.26.1
Segment and Revenue Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting, Reconciliation of Revenue by Segment to Consolidated The following table reconciles segment Revenues to Segment operating earnings:
BCABDSBGS
For the six months ended June 30,
202620252026202520262025
Revenues$20,954 $19,021 $15,082 $12,915 $10,714 $10,344 
Less:
Research and development expense, net1,200 1,092 366 420 48 59 
Other segment items (1)
20,639 19,023 14,498 12,230 8,727 8,293 
Segment operating (loss)/earnings($885)($1,094)$218 $265 $1,939 $1,992 
For the three months ended June 30,
202620252026202520262025
Revenues$11,751 $10,874 $7,483 $6,617 $5,344 $5,281 
Less:
Research and development expense, net597 558 192 221 26 30 
Other segment items(1)
11,476 10,873 7,306 6,286 4,350 4,202 
Segment operating (loss)/earnings($322)($557)($15)$110 $968 $1,049 
(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
2026202520262025
Revenue from contracts with customers:
Europe$5,107 $1,498 $2,568 $990 
Asia4,464 5,379 2,459 2,422 
Middle East2,906 1,760 2,140 1,277 
Other non-U.S.1,381 1,188 938 799 
Total non-U.S. revenues13,858 9,825 8,105 5,488 
United States6,890 9,144 3,483 5,361 
Estimated potential concessions and other considerations to 737 MAX customers80 5 80 5 
Total revenues from contracts with customers20,828 18,974 11,668 10,854 
Intersegment revenues eliminated on consolidation126 47 83 20 
Total segment revenues$20,954 $19,021 $11,751 $10,874 
Revenue recognized on fixed-price contracts100 %100 %100 %100 %
Revenue recognized at a point in time100 %100 %100 %100 %
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
2026202520262025
Revenue from contracts with customers:
U.S. customers$12,095 $10,160 $5,983 $5,227 
Non-U.S. customers (1)
2,987 2,755 1,500 1,390 
Total segment revenue from contracts with customers$15,082 $12,915 $7,483 $6,617 
Revenue recognized over time100 %100 %100 %100 %
Revenue recognized on fixed-price contracts60 %58 %58 %58 %
Revenue from the U.S. government (1)
93 %92 %92 %92 %
(1)Includes revenues earned from Foreign Military Sales through the U.S. government (FMS).
BGS revenues consisted of the following:
(Dollars in millions)Six months ended June 30Three months ended June 30
2026202520262025
Revenue from contracts with customers:
Commercial$6,033 $5,967 $3,001 $2,996 
Government4,471 4,168 2,243 2,172 
Total revenues from contracts with customers10,504 10,135 5,244 5,168 
Intersegment revenues eliminated on consolidation210 209 100 113 
Total segment revenues$10,714 $10,344 $5,344 $5,281 
Revenue recognized at a point in time55 %53 %55 %52 %
Revenue recognized on fixed-price contracts86 %86 %86 %86 %
Revenue from the U.S. government (1)
31 %30 %31 %31 %
(1)Includes revenues earned from FMS.
Schedule of Segment, Reconciliation of Other Items from Segments to Consolidated Components of Unallocated items, eliminations and other (expense)/income are shown in the following table.
Six months ended June 30Three months ended June 30
2026202520262025
Share-based plans($52)($51)$3 ($21)
Deferred compensation(107)(80)(124)(85)
Amortization of previously capitalized interest(45)(42)(23)(21)
Research and development expense, net(210)(183)(106)(101)
Eliminations and other unallocated items(564)(1,041)(380)(807)
Unallocated items, eliminations and other
($978)($1,397)($630)($1,035)
Components of Financial Accounting Standards and Cost Accounting Standards Adjustment These expenses are included in Other income, net. Components of FAS/CAS service cost adjustment are shown in the following table:
Six months ended June 30Three months ended June 30
2026202520262025
Pension FAS/CAS service cost adjustment$185 $390 $92 $197 
Postretirement FAS/CAS service cost adjustment125 129 63 60 
FAS/CAS service cost adjustment$310 $519 $155 $257 
Segment Reporting, Reconciliation of Asset by Segment to Consolidated Segment assets are summarized in the table below:
June 30
2026		December 31
2025
Commercial Airplanes$96,493 $91,878 
Defense, Space & Security17,379 16,604 
Global Services16,966 16,871 
Unallocated items, eliminations and other35,032 42,882 
Total$165,870 $168,235 
Schedule of Capital Expenditures by Segment
Six months ended June 30Three months ended June 30
2026202520262025
Commercial Airplanes$402 $243 $227 $137 
Defense, Space & Security204 113 122 59 
Global Services52 69 28 43 
Unallocated items, eliminations and other1,350 676 356 188 
Total$2,008 $1,101 $733 $427 
Schedule of Depreciation and Amortization by Segment
Six months ended June 30Three months ended June 30
2026202520262025
Commercial Airplanes$367 $212 $177 $111 
Defense, Space & Security
116 103 56 53 
Global Services139 146 70 73 
Centrally Managed Assets (1)
547 465 293 223 
Total$1,169 $926 $596 $460 
(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, 2026, $426 was allocated to the primary business segments, of which $238, $149, and $39 was allocated to BCA, BDS and BGS, respectively. 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 three months ended June 30, 2026, $238 was allocated to the primary business segments, of which $133, $83, and $22 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.