Inventory (Tables)

3 Months Ended

Mar. 28, 2013

Inventories are summarized as follows:

		March 28,		December 31,
		2013		2012⁽¹⁾
Raw materials		$	230.8	$	250.3
Work-in-process			1,039.3		1,033.6
Finished goods			39.3		35.9
	Product inventory		1,309.4		1,319.8
Capitalized pre-production			510.0		524.6
Deferred production			1,296.1		1,173.8
Forward loss provision			(622.6)		(607.4)
	Total inventory, net	$	2,492.9	$	2,410.8

Summary Of Inventories By Platform [Text Block]

		March 28, 2013
	Product Inventory
		Inventory		Non-Recurring		Capitalized Pre-Production		Deferred Production		Forward Loss Provision⁽¹⁾		Total Inventory, net March 28, 2013
		Inventory		Non-Recurring		Capitalized Pre-Production		Deferred Production		Forward Loss Provision⁽¹⁾		Total Inventory, net March 28, 2013
B747⁽²⁾	$	93.9	$	-	$	6.8	$	4.8	$	(5.1)	$	100.4
B787		227.0		32.1		181.9		606.2		(199.3)		847.9
Boeing - All other platforms⁽³⁾		434.3		30.0		6.8		(77.2)		(6.9)		387.0
A350		138.4		40.2		56.8		225.0		(8.6)		451.8
Airbus - All other platforms		79.9		-		-		11.9		-		91.8
G280		57.5		-		5.4		154.1		(118.8)		98.2
G650		49.8		-		203.3		316.3		(162.5)		406.9
Rolls-Royce⁽⁴⁾		17.6		-		49.0		54.8		(121.4)		-
Sikorsky		-		3.8		-		-		-		3.8
Bombardier C-Series		4.7		-		-		0.2		-		4.9
Aftermarket		48.9		-		-		-		-		48.9
Other platforms⁽⁵⁾		47.6		3.7		-		-		-		51.3
Total	$	1,199.6	$	109.8	$	510.0	$	1,296.1	$	(622.6)	$	2,492.9

		December 31, 2012
	Product Inventory
		Inventory		Non-Recurring		Capitalized Pre-Production		Deferred Production		Forward Loss Provision		Total Inventory, net December 31, 2012
		Inventory		Non-Recurring		Capitalized Pre-Production		Deferred Production		Forward Loss Provision		Total Inventory, net December 31, 2012
B747	$	83.6	$	(0.7)	$	7.2	$	3.6	$	(11.5)	$	82.2
B787		225.2		26.6		189.5		595.1		(184.0)		852.4
Boeing - All other platforms⁽³⁾		392.3		31.6		5.8		(67.6)		(6.5)		355.6
A350		133.2		51.3		56.8		177.4		(8.9)		409.8
Airbus - All other platforms		88.2		-		-		18.2		-		106.4
G280		83.3		-		5.5		98.3		(118.8)		68.3
G650		36.7		-		208.4		297.3		(162.5)		379.9
Rolls-Royce⁽⁴⁾		12.6		-		51.4		51.2		(115.2)		-
Sikorsky		-		4.7		-		-		-		4.7
Bombardier C-Series		3.9		-		-		0.3		-		4.2
Aftermarket		45.0		-		-		-		-		45.0
Other platforms⁽⁵⁾		98.3		4.0		-		-		-		102.3
Total	$	1,202.3	$	117.5	$	524.6	$	1,173.8	$	(607.4)	$	2,410.8

Forward loss charges taken from January 1, 2012 through March 28, 2013 on open blocks.
Due to contract block closure in the first quarter of 2013, $6.4 of forward loss provision related to fuselage was closed out against deferred production.
Forward loss provision of $8.0 recorded on the B767 program in the fourth quarter of 2012 exceeded the total inventory balance. The excess of the charge over program inventory is classified as a contract liability of $1.5 which will be reduced as additional inventory is generated. This contract liability is reported in other current liabilities. This liability will amortize into the forward loss category of inventory as inventory on the program increases.
Forward loss provision of $151.0 recorded in the third quarter of 2012 exceeded the total inventory balance. The excess of the charge over program inventory is classified as a contract liability of $35.8 which will be reduced as additional inventory is generated. This contract liability is reported in other current liabilities. This liability will amortize into the forward loss category of inventory as inventory on the program increases.
Includes over-applied and under-applied overhead.

Capitalized Pre Production Included In Inventory [Text Block]

The following is a roll forward of the capitalized pre-production costs included in the inventory balance at March 28, 2013:

Balance, December 31, 2012	$	524.6
Charges to costs and expenses		(15.2)
Capitalized costs		0.6
Balance, March 28, 2013	$	510.0

The following is a roll forward of the deferred production included in the inventory

Balance, December 31, 2012	$	1,173.8
Charges to costs and expenses		(77.3)
Capitalized costs		207.1
Exchange rate		(7.5)
Balance, March 28, 2013	$	1,296.1

Deferred Production Costs And Credit Balances Table [Text Block]

The following is a roll forward of the deferred production costs included in the inventory balance at March 28, 2013:

Block And Orders Table [Text Block]

Significant amortization of capitalized pre-production and deferred production inventory will occur over the following contract blocks:

	Contract Block Quantity		Orders⁽¹⁾
	Contract Block Quantity		Orders⁽¹⁾
B787		500		840
A350 XWB		400		616
G280		250		49
G650		350		95
Rolls-Royce		350		90

		Current Block Deliveries
Model
B787		116
A350 XWB		5
Business/Regional Jets		142