Exhibit

EXHIBIT 12

Computation of Ratio of Earnings to Fixed Charges

The Boeing Company and Subsidiaries

(Dollars in millions)



	Nine months ended		Years ended December 31,
	September 30, 2018		2017		2016		2015			2014
Earnings before income taxes⁽¹⁾		$7,558		$10,107		$5,783		$7,155			$7,137
Fixed charges excluding capitalized interest	408		486		422		391			455
Amortization of previously capitalized interest	67		96		106		90			72
Net adjustment for earnings from affiliates	59		14		11		(34		)	7
Earnings available for fixed charges		$8,092		$10,703		$6,322		$7,602			$7,671
Fixed charges:
Interest and debt expense⁽²⁾		$368		$430		$365		$339			$402
Interest capitalized during the period	63		110		170		158			102
Rentals deemed representative of an interest factor	40		56		57		52			53
Total fixed charges		$471		$596		$592		$549			$557
Ratio of earnings to fixed charges	17.2		18.0		10.7		13.8			13.8

⁽¹⁾

We adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606) on January 1, 2018, using the full retrospective method. 2017 and 2016 amounts have been adjusted to conform with the current year presentation. Amounts prior to 2016 have not been adjusted. See Note 1 – Basis of Presentation and and Note 2 - Impact of Adoption of New Standards of the Notes to the Condensed Consolidated Financial Statements for more information.


⁽²⁾	Amount does not include tax-related interest expense which is reported as a component of Income tax expense in our Condensed Consolidated Financial Statements.