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Segment and Revenue Information (Tables)
9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Schedule of Disaggregation of Revenue
BCA revenues by customer location consisted of the following:
(Dollars in millions)Nine months ended September 30Three months ended September 30
2024202320242023
Revenue from contracts with customers:
Europe$3,046 $4,443 $1,499 $1,050 
Asia7,028 3,978 2,635 1,623 
Middle East1,618 2,723 444 1,257 
Other non-U.S.1,245 1,719 491 637 
Total non-U.S. revenues12,937 12,863 5,069 4,567 
United States5,512 10,435 2,354 3,260 
Estimated potential concessions and other considerations to 737 MAX customers, net of insurance recoveries
(443)54  28 
Total revenues from contracts with customers18,006 23,352 7,423 7,855 
Intersegment revenues eliminated on consolidation93 68 20 21 
Total segment revenues$18,099 $23,420 $7,443 $7,876 
Revenue recognized on fixed-price contracts100 %100 %100 %100 %
Revenue recognized at a point in time99 %99 %99 %99 %
BDS revenues on contracts with customers, based on the customer's location, consisted of the following:
(Dollars in millions)Nine months ended September 30Three months ended September 30
2024202320242023
Revenue from contracts with customers:
U.S. customers$14,324 $14,686 $4,361 $4,348 
Non-U.S. customers(1)
4,183 3,501 1,175 1,133 
Total segment revenue from contracts with customers$18,507 $18,187 $5,536 $5,481 
Revenue recognized over time99 %99 %99 %99 %
Revenue recognized on fixed-price contracts53 %57 %49 %54 %
Revenue from the U.S. government(1)
91 %91 %92 %94 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
BGS revenues consisted of the following:
(Dollars in millions)Nine months ended September 30Three months ended September 30
2024202320242023
Revenue from contracts with customers:
Commercial$8,782 $8,218 $2,882 $2,799 
Government5,764 5,793 1,935 1,919 
Total revenues from contracts with customers14,546 14,011 4,817 4,718 
Intersegment revenues eliminated on consolidation289 267 84 94 
Total segment revenues$14,835 $14,278 $4,901 $4,812 
Revenue recognized at a point in time53 %51 %53 %52 %
Revenue recognized on fixed-price contracts87 %87 %86 %88 %
Revenue from the U.S. government(1)
29 %31 %29 %30 %
(1)Includes revenues earned from foreign military sales through the U.S. government.
Schedule of Segment, Reconciliation of Other Items from Segments to Consolidated Components of Unallocated items, eliminations and other income/(expense) are shown in the following table.
Nine months ended September 30Three months ended September 30
2024202320242023
Share-based plans$118 ($33)$65 $5 
Deferred compensation(100)(71)(51)25 
Amortization of previously capitalized interest(70)(71)(24)(24)
Research and development expense, net(293)(222)(105)(73)
Eliminations and other unallocated items(1,019)(670)(303)(204)
Unallocated items, eliminations and other
($1,364)($1,067)($418)($271)
Components of Financial Accounting Standards and Cost Accounting Standards Adjustment Components of FAS/CAS service cost adjustment are shown in the following table:
Nine months ended September 30Three months ended September 30
2024202320242023
Pension FAS/CAS service cost adjustment$608 $663 $148 $218 
Postretirement FAS/CAS service cost adjustment224 200 80 63 
FAS/CAS service cost adjustment$832 $863 $228 $281 
Reconciliation of Assets from Segment to Consolidated
Segment assets are summarized in the table below:
September 30
2024
December 31
2023
Commercial Airplanes$81,050 $77,047 
Defense, Space & Security15,739 14,921 
Global Services16,724 16,193 
Unallocated items, eliminations and other24,182 28,851 
Total$137,695 $137,012