Customer Financing (Tables)

9 Months Ended

Sep. 30, 2019

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



	September 30 2019			December 31 2018
Financing receivables:
Investment in sales-type/finance leases		$1,016			$1,125
Notes	446			730
Total financing receivables	1,462			1,855
Operating lease equipment, at cost, less accumulated depreciation of $245 and $203	789			782
Operative lease incentive				250
Gross customer financing	2,251			2,887
Less allowance for losses on receivables	(8		)	(9		)
Total		$2,243			$2,878

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



Rating categories	September 30 2019		December 31 2018
BBB		$594		$883
BB	348		430
B	125		135
CCC	395		407
Total carrying value of financing receivables		$1,462		$1,855

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



	September 30 2019		December 31 2018
717 Aircraft ($184 and $204 accounted for as operating leases)		$778		$918
747-8 Aircraft ($130 and $132 accounted for as operating leases)	474		477
737 Aircraft ($243 and $263 accounted for as operating leases)	266		290
757 Aircraft ($22 and $24 accounted for as operating leases)	186		200
MD-80 Aircraft (accounted for as sales-type finance leases)	184		204
777 Aircraft ($126 and $60 accounted for as operating leases)	131		68
747-400 Aircraft ($33 and $45 accounted for as operating leases)	95		116

As of September 30, 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		$179			$118
Year 2	134			93
Year 3	97			83
Year 4	109			61
Year 5	121			46
Thereafter	140			57
Total lease receipts	780			458
Less imputed interest	(167		)
Estimated unguaranteed residual values	403
Total		$1,016			$458