Spirit Acquisition

3 Months Ended

Mar. 31, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Spirit Acquisition

Spirit Acquisition

On December 8, 2025, we completed our acquisition of Spirit AeroSystems Holdings, Inc. (Spirit) pursuant to the Agreement and Plan of Merger dated June 30, 2024 (Merger Agreement). In connection with the closing of the transactions contemplated by the Merger Agreement (Spirit Acquisition), Boeing became the ultimate parent company of Spirit and its respective subsidiaries, including Spirit AeroSystems, Inc.

Total consideration for the Spirit Acquisition was $8,389 comprised of the following:

Boeing common stock exchanged for Spirit common stock (1)	$4,704
Settlement of loans, advances and other payments to Spirit	2,589
Debt repaid on Spirit’s behalf	948
Premium on assumed Spirit Exchangeable Notes	109
Exchange of Spirit share-based awards (1)	39
Fair value of total consideration	$8,389

(1)     Fair value of consideration reflects the price per share of Boeing common stock on the acquisition date.

The preliminary allocation of the purchase price was as follows:

Description	As of December 31, 2025	As of March 31, 2026
Cash and cash equivalents	$281	$281
Accounts receivable	339	396
Unbilled receivables	126	126
Inventories	1,438	1,445
Property, plant and equipment	2,419	2,447
Goodwill	9,997	10,360
Acquired intangible assets	109	109
Other assets	116	121
Accounts payable	(953)	(963)
Accrued liabilities	(1,784)	(2,239)
Advances and progress billings	(97)	(97)
Short-term debt and current portion of long-term debt	(329)	(329)
Other long-term liabilities	(178)	(152)
Long-term debt	(3,279)	(3,279)
Other	166	163
Total net assets acquired	$8,371	$8,389

The amounts recorded for acquired assets and assumed liabilities are preliminary and are based on the information available as of the reporting date. The primary areas that remain preliminary relate to the fair values of inventories, property, plant and equipment, goodwill, intangible assets, and off-market contracts. The Company will continue to adjust the provisional estimates as additional information becomes available and final valuation and analyses are completed. Provisional goodwill of $10,360 associated with the Spirit Acquisition was provisionally assigned to our Commercial Airplanes (BCA) segment as we expect the majority of synergies from the Spirit Acquisition to relate to the commercial airplane segment. The acquired intangible assets primarily relate to customer relationships and have a weighted-average useful life of five years. Accrued liabilities includes $1,500 for the fair value of off-market customer

contracts measured as the present value of the amount by which the terms of the contract deviated from the terms that a market participant could have achieved. Future estimated revenues from the amortization of off-market contract liabilities is as follows:

	2026	2027	2028	2029	2030
Estimated revenue	$109	$128	$147	$150	$146

We expect to finalize the purchase price allocation as soon as practicable, but no later than one year from the acquisition date.