Customer Financing (Tables)

3 Months Ended

Mar. 31, 2019

Customer financing primarily relates to the Boeing Capital (BCC) segment and consisted of the following:



	March 31 2019			December 31 2018
Financing receivables:
Investment in sales-type/finance leases		$1,096			$1,125
Notes	609			730
Total financing receivables	1,705			1,855
Operating lease equipment, at cost, less accumulated depreciation of $220 and $203	879			782
Operative lease incentive				250
Gross customer financing	2,584			2,887
Less allowance for losses on receivables	(8		)	(9		)
Total		$2,576			$2,878

Our financing receivable balances by internal credit rating category are shown below:



Rating categories	March 31 2019		December 31 2018
BBB		$638		$883
BB	423		430
B	241		135
CCC	403		407
Total carrying value of financing receivables		$1,705		$1,855

The majority of customer financing carrying values are concentrated in the following aircraft models:



	March 31 2019		December 31 2018
717 Aircraft ($201 and $204 accounted for as operating leases)		$882		$918
747-8 Aircraft ($131 and $132 accounted for as operating leases)	475		477
777 Aircraft ($169 and $60 accounted for as operating leases)	288		68
737 Aircraft ($259 and $263 accounted for as operating leases)	285		290
MD-80 Aircraft (accounted for as sales-type finance leases)	207		204
757 Aircraft ($24 and $24 accounted for as operating leases)	195		200
747-400 Aircraft ($42 and $45 accounted for as operating leases)	111		116

As of March 31, 2019, undiscounted cash flows for sales-type/finance and operating leases over the next five years and thereafter are as follows:



	Sales-type/finance leases			Operating leases
Year 1		$203			$130
Year 2	159			106
Year 3	115			91
Year 4	106			74
Year 5	110			55
Thereafter	167			77
Total lease receipts	860			533
Less imputed interest	(189		)
Estimated unguaranteed residual values	425
Total		$1,096			$533