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Postretirement Plans (Tables)
12 Months Ended
Dec. 31, 2021
Retirement Benefits, Description [Abstract]  
Components Of Net Periodic Benefit Cost
The components of net periodic benefit (income)/cost were as follows:
PensionOther Postretirement Benefits
Years ended December 31,202120202019202120202019
Service cost$3 $3 $2 $87 $89 $77 
Interest cost1,988 2,455 2,925 97 130 196 
Expected return on plan assets(3,848)(3,756)(3,863)(7)(9)(8)
Amortization of prior service credits(80)(80)(79)(35)(38)(35)
Recognized net actuarial loss/(gain)1,219 1,032 643 (56)(63)(46)
Settlement/curtailment loss/(gain)193 (4)
Net periodic benefit (income)/cost($525)($337)($372)$86 $105 $184 
Net periodic benefit cost included in Loss from operations$3 $3 $313 $90 $91 $88 
Net periodic benefit (income)/cost included in Other income, net(528)(340)(374)(1)16 107 
Net periodic benefit (income)/cost included in Loss before income taxes
($525)($337)($61)$89 $107 $195 
Schedule Of Changes In The Benefit Obligation, Plan Assets And Funded Status Of Pensions And OPB The following tables show changes in the benefit obligation, plan assets and funded status of both pensions and OPB for the years ended December 31, 2021 and 2020. Benefit obligation balances presented below reflect the PBO for our pension plans and accumulated postretirement benefit obligations (APBO) for our OPB plans.
PensionOther Postretirement Benefits
2021202020212020
Change in benefit obligation
Beginning balance$82,415 $77,645 $4,693 $5,080 
Service cost3 87 89 
Interest cost1,988 2,455 97 130 
Amendments(29)
Actuarial (gain)/loss(3,249)7,759 (401)(218)
Settlement/other(870)(68)55 
Gross benefits paid(4,653)(5,386)(411)(450)
Subsidies26 36 
Exchange rate adjustment1 1 
Ending balance$75,635 $82,415 $4,092 $4,693 
Change in plan assets
Beginning balance at fair value$68,696 $61,711 $160 $149 
Actual return on plan assets4,477 9,275 21 21 
Company contribution11 3,013 
Plan participants’ contributions6 
Settlement payments
(870)(68)
Benefits paid(4,502)(5,241)(15)(16)
Exchange rate adjustment1 
Ending balance at fair value$67,813 $68,696 $172 $160 
Amounts recognized in statement of financial position at December 31 consist of:
Other assets$1,426 $837 
Accrued liabilities(144)(148)($392)($396)
Accrued retiree health care(3,528)(4,137)
Accrued pension plan liability, net(9,104)(14,408)
Net amount recognized($7,822)($13,719)($3,920)($4,533)
Schedule Of Amounts Recognized In Accumulated Other Comprehensive Loss
Amounts recognized in Accumulated other comprehensive loss at December 31 were as follows:
PensionOther Postretirement Benefits
2021202020212020
Net actuarial loss/(gain)$19,031 $24,324 ($1,092)($735)
Prior service credits(1,306)(1,387)(76)(110)
Total recognized in Accumulated other comprehensive loss$17,725 $22,937 ($1,168)($845)
Schedule Of Key Information For All Plans With ABO In Excess Of Plan Assets Key information for our plans with ABO and PBO in excess of plan assets as of December 31 was as follows:
20212020
Accumulated benefit obligation$66,406 $74,337 
Fair value of plan assets58,593 61,502 
20212020
Projected benefit obligation$67,841 $76,057 
Fair value of plan assets58,593 61,502 
Schedule Of Assumptions Used To Calculate The Benefit Obligation and Net Periodic Benefit Costs
The following assumptions, which are the weighted average for all plans, are used to calculate the benefit obligation at December 31 of each year and the net periodic benefit cost for the subsequent year.
December 31,202120202019
Discount rate:
Pension2.80 %2.50 %3.30 %
Other postretirement benefits2.50 %2.00 %3.00 %
Expected return on plan assets6.30 %6.50 %6.80 %
Rate of compensation increase4.30 %4.30 %4.30 %
Interest crediting rates for cash balance plans5.00 %5.00 %5.15 %
Schedule Of Assumed Health Care Cost Trend Rates
Assumed health care cost trend rates were as follows:
December 31,202120202019
Health care cost trend rate assumed next year4.50 %4.50 %5.00 %
Ultimate trend rate4.50 %4.50 %4.50 %
Year that trend reached ultimate rate202120212021
Schedule of actual allocations for pension assets and target allocations by asset class [Table Text Block] The actual and target allocations by asset class for the pension assets at December 31 were as follows:
Actual AllocationsTarget Allocations
Asset Class2021202020212020
Fixed income61 %49 %63 %49 %
Global equity16 30 20 29 
Private equity8 4 
Real estate and real assets8 7 
Hedge funds7 6 
Total100 %100 %100 %100 %
Schedule of Allocation of Plan Assets The following table presents our plan assets using the fair value hierarchy as of December 31, 2021 and 2020. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value. Level 1 refers to fair values determined based on quoted prices in active markets for identical assets. Level 2 refers to fair values estimated using significant other observable inputs and Level 3 includes fair values estimated using significant unobservable inputs.
December 31, 2021December 31, 2020
TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Fixed income securities:
Corporate$20,573 $20,520 $53 $20,841 $20,801 $40 
U.S. government and agencies
11,285 11,285 5,170 5,168 
Mortgage backed and asset backed
777 675 102 786 666 120 
Municipal1,064 1,035 29 1,176 1,104 72 
Sovereign1,135 1,126 9 1,040 1,038 
Other 3 $3 19 $18 
Derivatives:
Assets62 62 
Liabilities(48)(48)(17)(17)
Cash equivalents and other short-term investments
448 448 1,081 1,081 
Equity securities:
U.S. common and preferred stock
4,463 4,463 5,013 5,013 
Non-U.S. common and preferred stock
3,345 3,340 5 5,577 5,575 
Boeing company stock1,883 1,883 3,298 3,298 
Derivatives:
Assets1 1 10 10 
Liabilities(1)(1)(9)(9)
Private equity
Real estate and real assets:
Real estate413 413 351 351 
Real assets784 749 35 786 723 61 
Derivatives:
Assets8 8 
Liabilities(2)(2)(2)(2)
Total$46,193 $10,851 $35,144 $198 $45,132 $14,978 $29,914 $240 
Fixed income common/collective/pooled funds$1,712 $2,345 
Fixed income other747 604 
Equity common/collective/ pooled funds4,561 6,947 
Private equity5,100 4,013 
Real estate and real assets3,952 3,359 
Hedge funds4,717 5,745 
Total investments measured at NAV as a practical expedient$20,789 $23,013 
Cash$520 $267 
Receivables454 992 
Payables(143)(708)   
Total$67,813 $68,696 
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]
The following tables present a reconciliation of Level 3 assets held during the years ended December 31, 2021 and 2020. Transfers into and out of Level 3 are reported at the beginning-of-year values.
January 1
2021 Balance
Net Realized and Unrealized Gains/(Losses)Net Purchases, Issuances and SettlementsNet Transfers Into/(Out of) Level 3December 31
2021 Balance
Fixed income securities:
Corporate
$40 ($1)$5 $9 $53 
 U.S. government and
    agencies
2 (2)
Mortgage backed and
   asset backed
120 (17)(1)102 
Municipal72 7 (50)29 
Sovereign2 (8)15 9 
Equity securities:
Non-U.S. common and
   preferred stock
2 2 (3)4 5 
Real assets2 (2)
Total$240 ($7)$5 ($40)$198 
January 1
2020 Balance
Net Realized and Unrealized Gains/(Losses)Net Purchases, Issuances and SettlementsNet Transfers Into/(Out of) Level 3December 31
2020 Balance
Fixed income securities:
  Corporate
$5 $1 $18 $16 $40 
U.S. government and agencies
Mortgage backed and asset backed
461 (1)(93)(247)120 
Municipal67 72 
Sovereign(1)
Equity securities:
Non-U.S. common and preferred stock
Real assets(2)
Total$472 $2 ($71)($163)$240 
Schedule Of Estimated Future Benefit Payments The table below reflects the total pension benefits expected to be paid from the plans or from our assets, including both our share of the benefit cost and the participants’ share of the cost, which is funded by participant contributions. OPB payments reflect our portion only.
Year(s)202220232024202520262027-2031
Pensions$4,839 $4,723 $4,657 $4,578 $4,481 $20,713 
Other postretirement benefits:
Gross benefits paid450 425 404 380 356 1,385 
Subsidies
(29)(29)(29)(27)(27)(124)
Net other postretirement benefits$421 $396 $375 $353 $329 $1,261