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Segment and Revenue Information (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated The following table reconciles segment Revenues to Segment operating earnings:
BCABDSBGS
For the three months ended March 31,
202620252026202520262025
Revenues$9,203 $8,147 $7,599 $6,298 $5,370 $5,063 
Less:
Research and development expense, net603 534 174 199 22 29 
Other segment items (1)
9,163 8,150 7,192 5,944 4,377 4,091 
Segment operating (loss)/earnings($563)($537)$233 $155 $971 $943 
(1)    Primarily includes costs of products and services and general and administrative expenses.
Schedule of Disaggregation of Revenue
BCA revenues by customer location consisted of the following:
(Dollars in millions)Three months ended March 31
20262025
Revenue from contracts with customers:
Europe$2,539 $508 
Asia2,005 2,957 
Middle East766 483 
Other non-U.S.443 389 
Total non-U.S. revenues5,753 4,337 
United States3,407 3,783 
Total revenues from contracts with customers9,160 8,120 
Intersegment revenues eliminated on consolidation43 27 
Total segment revenues$9,203 $8,147 
Revenue recognized on fixed-price contracts100 %100 %
Revenue recognized at a point in time100 %100 %
BDS revenues on contracts with customers, based on the customer's location, consisted of the following:
(Dollars in millions)Three months ended March 31
20262025
Revenue from contracts with customers:
U.S. customers$6,112 $4,933 
Non-U.S. customers(1)
1,487 1,365 
Total segment revenue from contracts with customers$7,599 $6,298 
Revenue recognized over time100 %100 %
Revenue recognized on fixed-price contracts63 %58 %
Revenue from the U.S. government (1)
93 %92 %
(1)Includes revenues earned from Foreign Military Sales through the U.S. government (FMS).
BGS revenues consisted of the following:
(Dollars in millions)Three months ended March 31
20262025
Revenue from contracts with customers:
Commercial$3,032 $2,971 
Government2,228 1,996 
Total revenues from contracts with customers5,260 4,967 
Intersegment revenues eliminated on consolidation110 96 
Total segment revenues$5,370 $5,063 
Revenue recognized at a point in time55 %54 %
Revenue recognized on fixed-price contracts86 %86 %
Revenue from the U.S. government (1)
32 %30 %
(1)Includes revenues earned from FMS.
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.
Three months ended March 31
20262025
Share-based plans($55)($30)
Deferred compensation17 
Amortization of previously capitalized interest(22)(21)
Research and development expense, net(104)(82)
Eliminations and other unallocated items(184)(234)
Unallocated items, eliminations and other
($348)($362)
Components of Financial Accounting Standards and Cost Accounting Standards Adjustment These expenses are included in Other income, net. Components of FAS/CAS service cost adjustment are shown in the following table:
Three months ended March 31
20262025
Pension FAS/CAS service cost adjustment$93 $193 
Postretirement FAS/CAS service cost adjustment62 69 
FAS/CAS service cost adjustment$155 $262 
Reconciliation of Assets from Segment to Consolidated
Segment assets are summarized in the table below:
March 31
2026
December 31
2025
Commercial Airplanes$94,254 $91,837 
Defense, Space & Security17,512 16,723 
Global Services15,595 16,026 
Unallocated items, eliminations and other37,426 43,649 
Total$164,787 $168,235 
Schedule of Capital Expenditures by Segment
Three months ended March 31
20262025
Commercial Airplanes$175 $106 
Defense, Space & Security82 54 
Global Services24 26 
Unallocated items, eliminations and other994 488 
Total$1,275 $674 
Schedule of Depreciation and Amortization by Segment
Three months ended March 31
20262025
Commercial Airplanes$190 $101 
Defense, Space & Security
60 50 
Global Services69 73 
Centrally Managed Assets (1)
254 242 
Total$573 $466 
(1)Amounts shown in the table represent depreciation and amortization expense recorded by the individual business segments. Depreciation and amortization for centrally managed assets are allocated to business segments based on usage and occupancy. During the three months ended March 31, 2026, $188 was allocated to the primary business segments, of which $105, $66, and $17 was allocated to BCA, BDS and BGS, respectively. During the three months ended March 31, 2025, $169 was allocated to the primary business segments, of which $82, $68, and $19 was allocated to BCA, BDS and BGS, respectively.