Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Components Of Earnings Before Income Taxes Between Domestic and Foreign Jurisdictions

The components of Loss before income taxes were:

Years ended December 31,	2021	2020	2019
U.S.	($5,475)	($14,882)	($2,792)
Non-U.S.	442	406	533
Total	($5,033)	($14,476)	($2,259)

Schedule Of Income Tax Expense/(Benefit)

Income tax benefit consisted of the following:

Years ended December 31,	2021	2020	2019
Current tax (benefit)/expense
U.S. federal	($89)	($3,968)	($308)
Non-U.S.	147	148	169
U.S. state	42	21	(161)
Total current	100	(3,799)	(300)
Deferred tax (benefit)/expense
U.S. federal	(855)	652	(953)
Non-U.S.	(12)		(3)
U.S. state	24	612	(367)
Total deferred	(843)	1,264	(1,323)
Total income tax (benefit)/expense	($743)	($2,535)	($1,623)

Schedule of Effective Income Tax Rate Reconciliation

The following is a reconciliation of the U.S. federal statutory tax to actual income tax (benefit)/expense:

Years ended December 31,	2021			2020			2019
	Amount	Rate		Amount	Rate		Amount	Rate
U.S. federal statutory tax	($1,057)	21.0	%	($3,039)	21.0	%	($474)	21.0	%
Valuation allowance	512	(10.2)		2,603	(18.0)		25	(1.1)
Research and development credits	(189)	3.8		(284)	2.0		(382)	16.9
State income tax provision, net of effects on U.S. federal tax	(94)	1.9		(168)	1.2		(45)	2.0
Tax on non-U.S. activities	47	(0.9)		7	(0.1)		20	(0.9)
Impact of CARES Act (1)	3	(0.1)		(1,175)	8.1
Other provision adjustments	41	(0.9)		234	(1.7)		66	(3.0)
Excess tax benefits(2)	(6)	0.1		(82)	0.6		(180)	8.0
Audit settlements(3)				(587)	4.1		(371)	16.4
Foreign derived intangible income(4)				(31)	0.2		(229)	10.1
Tax deductible dividends				(13)	0.1		(53)	2.4
Income tax (benefit)/expense	($743)	14.7	%	($2,535)	17.5	%	($1,623)	71.8	%

(1)    On March 27, 2020, the CARES Act was enacted, which includes a five year net operating loss (NOL) carryback provision which enabled us to benefit from the 2020 U.S. federal tax NOL at the former federal tax rate of 35%. In 2021 and 2020, we recorded tax expense of $3 and tax benefits of $1,175 related to the NOL carryback provision.

(2)    In 2021, 2020 and 2019, we recorded excess tax benefits related to employee share-based payments of $6, $82 and $180, respectively.

(3)    In the fourth quarter of 2020, we recorded a tax benefit of $587 related to the settlement of the 2015-2017 federal tax audit. In the fourth quarter of 2019, we recorded a tax benefit of $371 related to the settlement of state tax audits spanning 15 tax years.

(4)    In 2020 and 2019, we recorded tax benefits related to foreign derived intangible income of $31 and $229, respectively which effectively apply a lower U.S. tax rate to intangible income derived from serving non-U.S. markets.

Significant Components Of Deferred Tax Assets Net Of Deferred Tax Liabilities

Significant components of our deferred tax assets/(liabilities) at December 31 were as follows:

	2021	2020
Inventory and long-term contract methods of income recognition	($3,827)	($4,313)
Pension benefits	1,739	3,029
Fixed assets, intangibles and goodwill	(1,657)	(1,645)
Federal net operating loss, credit, interest and other carryovers(1)	1,522	317
Other employee benefits	991	957
State net operating loss, credit, interest and other carryovers(2)	929	777
Other postretirement benefit obligations	913	1,023
Accrued expenses and reserves	763	808
737 MAX customer concessions and other considerations	682	1,253
Other	227	(36)
Gross deferred tax assets/(liabilities) before valuation allowance	$2,282	$2,170
Valuation allowance	(2,423)	(3,094)
Net deferred tax assets/(liabilities) after valuation allowance	($141)	($924)

(1)     Of the deferred tax asset for federal net operating loss, credit, interest and other carryovers, $536 expires on or before December 31, 2041 and $986 may be carried over indefinitely.

(2)     Of the deferred tax asset for state net operating loss, credit, interest and other carryovers, $453 expires on or before December 31, 2041 and $476 may be carried over indefinitely.

Net Deferred Tax Assets and Liabilities

Net deferred tax assets/(liabilities) at December 31 were as follows:

	2021	2020
Deferred tax assets	$11,258	$11,600
Deferred tax liabilities	(8,976)	(9,430)
Valuation allowance	(2,423)	(3,094)
Net deferred tax assets/(liabilities)	($141)	($924)

Schedule Of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	2021	2020	2019
Unrecognized tax benefits – January 1	$966	$1,476	$2,412
Gross increases – tax positions in prior periods	64	44	100
Gross decreases – tax positions in prior periods	(245)	(581)	(1,418)
Gross increases – current period tax positions	73	136	344
Gross decreases – current period tax positions			(1)
Settlements		(109)	39
Statute Lapse
Unrecognized tax benefits – December 31	$858	$966	$1,476