v3.26.3
Segment and Revenue Information (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting, Reconciliation of Revenue by Segment to Consolidated The following table reconciles segment Revenues to Segment operating earnings/(loss):
BCABDSBGS
For the nine months ended September 30,
202620252026202520262025
Revenues$31,674 $30,115 $23,017 $19,817 $16,288 $15,714 
Less:
Research and development expense, net1,700 1,657 563 618 76 91 
Other segment items (1)
31,556 34,905 21,744 18,820 13,254 12,693 
Segment operating (loss)/earnings($1,582)($6,447)$710 $379 $2,958 $2,930 
For the three months ended September 30,
202620252026202520262025
Revenues$10,720 $11,094 $7,935 $6,902 $5,574 $5,370 
Less:
Research and development expense, net500 565 197 198 28 32 
Other segment items(1)
10,917 15,882 7,246 6,590 4,527 4,400 
Segment operating (loss)/earnings($697)($5,353)$492 $114 $1,019 $938 
(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)Nine months ended September 30Three months ended September 30
2026202520262025
Revenue from contracts with customers:
Europe$7,791 $3,789 $2,684 $2,291 
Asia7,055 8,888 2,591 3,509 
Middle East4,149 3,026 1,243 1,266 
Other non-U.S.1,772 1,969 391 781 
Total non-U.S. revenues20,767 17,672 6,909 7,847 
United States10,585 12,326 3,695 3,182 
Estimated potential concessions and other considerations to 737 MAX customers80 5  
Total revenues from contracts with customers31,432 30,003 10,604 11,029 
Intersegment revenues eliminated on consolidation242 112 116 65 
Total segment revenues$31,674 $30,115 $10,720 $11,094 
Revenue recognized on fixed-price contracts100 %100 %100 %100 %
Revenue recognized at a point in time99 %100 %99 %100 %
BDS revenues on contracts with customers, based on the customer's location, consisted of the following:
(Dollars in millions)Nine months ended September 30Three months ended September 30
2026202520262025
Revenue from contracts with customers:
U.S. customers$18,402 $15,485 $6,307 $5,325 
Non-U.S. customers (1)
4,615 4,332 1,628 1,577 
Total segment revenue from contracts with customers$23,017 $19,817 $7,935 $6,902 
Revenue recognized over time100 %100 %100 %99 %
Revenue recognized on fixed-price contracts59 %57 %57 %56 %
Revenue from the U.S. government (1)
93 %91 %93 %91 %
(1)Includes revenues earned from Foreign Military Sales through the U.S. government (FMS).
BGS revenues consisted of the following:
(Dollars in millions)Nine months ended September 30Three months ended September 30
2026202520262025
Revenue from contracts with customers:
Commercial$9,133 $9,055 $3,100 $3,088 
Government6,850 6,337 2,379 2,169 
Total revenues from contracts with customers15,983 15,392 5,479 5,257 
Intersegment revenues eliminated on consolidation305 322 95 113 
Total segment revenues$16,288 $15,714 $5,574 $5,370 
Revenue recognized at a point in time55 %53 %54 %53 %
Revenue recognized on fixed-price contracts86 %86 %85 %85 %
Revenue from the U.S. government (1)
32 %30 %32 %30 %
(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.
Nine months ended September 30Three months ended September 30
2026202520262025
Share-based plans($44)($40)$8 $11 
Deferred compensation(104)(150)3 (70)
Amortization of previously capitalized interest(69)(64)(24)(22)
Research and development expense, net(315)(285)(105)(102)
Eliminations and other unallocated items(1,056)(1,606)(492)(565)
Unallocated items, eliminations and other
($1,588)($2,145)($610)($748)
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:
Nine months ended September 30Three months ended September 30
2026202520262025
Pension FAS/CAS service cost adjustment$277 $588 $92 $198 
Postretirement FAS/CAS service cost adjustment183 199 58 70 
FAS/CAS service cost adjustment$460 $787 $150 $268 
Segment Reporting, Reconciliation of Asset by Segment to Consolidated Segment assets are summarized in the table below:
September 30
2026		December 31
2025
Commercial Airplanes$99,372 $91,878 
Defense, Space & Security18,016 16,604 
Global Services17,058 16,871 
Unallocated items, eliminations and other36,293 42,882 
Total$170,739 $168,235 
Schedule of Capital Expenditures by Segment
Nine months ended September 30Three months ended September 30
2026202520262025
Commercial Airplanes$641 $409 $239 $166 
Defense, Space & Security321 206 117 93 
Global Services82 122 30 53 
Unallocated items, eliminations and other1,996 1,249 646 573 
Total$3,040 $1,986 $1,032 $885 
Schedule of Depreciation and Amortization by Segment
Nine months ended September 30Three months ended September 30
2026202520262025
Commercial Airplanes$565 $323 $198 $111 
Defense, Space & Security
184 159 68 56 
Global Services212 225 73 79 
Centrally Managed Assets (1)
792 710 245 245 
Total$1,753 $1,417 $584 $491 
(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 nine months ended September 30, 2026, $619 was allocated to the primary business segments, of which $363, $200, and $56 was allocated to BCA, BDS and BGS, respectively. During the nine months ended September 30, 2025, $524 was allocated to the primary business segments, of which $252, $212, and $60 was allocated to BCA, BDS and BGS, respectively. During the three months ended September 30, 2026, $193 was allocated to the primary business segments, of which $125, $51, and $17 was allocated to BCA, BDS and BGS, respectively. During the three months ended September 30, 2025, $173 was allocated to the primary business segments, of which $80, $72, and $21 was allocated to BCA, BDS and BGS, respectively.