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Debt
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Debt Debt
In August 2025, we entered into a $3,000, 364-day revolving credit agreement expiring in August 2026. This facility replaced the $3,000, three-year revolving credit agreement which was scheduled to terminate in August 2025. The 364-day credit facility has a one-year term out option which allows us to extend the maturity of any borrowings until August 2027. Our legacy $3,000, five-year revolving credit agreement expiring in August 2028 and $4,000, five-year revolving credit agreement expiring in May 2029 each remain in effect. As of December 31, 2025, we had $10,000 available under credit line agreements.
We continue to be in compliance with all covenants contained in our debt and credit facility agreements.
In December 2025, as a result of the Spirit Acquisition, we assumed $3,608 of debt, $2,260 of which we immediately repaid. The remaining debt assumed primarily includes the following notes issued by Spirit Sub: $300 of 3.850% Senior Notes due 2026 (the Spirit 2026 Notes), $700 of 4.600% Senior Notes due 2028 (the Spirit 2028 Notes, and together with the Spirit 2026 Notes, the Spirit Senior Notes) and $230 of 3.250% Exchangeable Notes due 2028 (the Spirit Exchangeable Notes).
The Spirit Exchangeable Notes mature on November 1, 2028, unless earlier exchanged, redeemed or repurchased, and are exchangeable at an initial rate of 6.7067 shares of Boeing common stock per $1,000 principal amount, in whole dollars, of the Spirit Exchangeable Notes. Prior to August 1, 2028, if certain conditions are met, holders of the Spirit Exchangeable Notes may elect to exchange the Spirit Exchangeable Notes. On or after August 1, 2028, the holders of the Spirit Exchangeable Notes may elect to exchange the Spirit Exchangeable Notes without restriction. Upon exchange, we will pay cash and/or deliver shares of Boeing common stock, at our election, to the holders of the Spirit Exchangeable Notes.
In connection with closing of the Spirit Acquisition, The Boeing Company guaranteed the obligations of Spirit Sub with respect to the Spirit Senior Notes, and as a result, each of The Boeing Company and Spirit fully and unconditionally guarantee the Spirit Senior Notes on a senior unsecured basis. The guarantees rank equally in right of payment with all of Boeing’s existing and future senior unsecured indebtedness.
Interest incurred, including amounts capitalized, was $2,956, $2,874 and $2,560 for the years ended December 31, 2025, 2024 and 2023, respectively. Total Company interest payments, net of amounts capitalized, were $2,630, $2,440 and $2,408 for the years ended December 31, 2025, 2024 and 2023, respectively. Interest capitalized was $185, $149, and $101 for the years ended December 31, 2025, 2024 and 2023, respectively.
Short-term debt and current portion of long-term debt at December 31 consisted of the following:

20252024
Unsecured debt$8,249 $850 
Finance lease obligations111 86 
Other notes101 342 
Total$8,461 $1,278 
Debt at December 31 consisted of the following:

20252024
Unsecured debt
2.20% - 2.50% due through 2026
$5,899 $6,159 
2.60% - 3.20% due through 2030
5,088 5,389 
3.25% - 3.90% due through 2059 (1)
10,136 9,637 
3.95% - 5.15% due through 2059
8,166 7,462 
5.71% - 6.63% due through 2060
18,996 18,987 
6.86% - 8.75% due through 2064
5,265 5,577 
Other debt and notes
Finance lease obligations due through 2044
250 239 
Other notes298 414 
Total debt$54,098 $53,864 
(1)    Includes $230 of Spirit Exchangeable Notes assumed as a result of the Spirit Acquisition, which will become exchangeable for shares of Boeing common stock and/or cash, at our election.
Scheduled principal payments for debt for the next five years are as follows:
20262027202820292030
Debt and other notes
$8,351 $4,403 $2,739 $2,508 $5,274 
Scheduled payments for finance lease obligations are as follows:
2026$124 
202772 
202835 
202917 
20307 
Thereafter
23 
Total finance lease payments
278 
Less imputed interest
(28)
Total
$250