Relationship and Transactions with Boeing (Tables)

12 Months Ended

Dec. 31, 2012

Intercompany Guarantee Amounts by Aircraft Type

Intercompany guarantee amounts by aircraft type are summarized as follows at December 31:


	2012				2011
	Guarantee Amount		Carrying Value		Guarantee Amount		Carrying Value
717 (out of production)	$	1,401	$	1,674	$	1,481	$	1,790
Out of production single-aisle aircraft		43		43		55		55
Other, including other Boeing aircraft		37		80		41		83
	$	1,481	$	1,797	$	1,577	$	1,928

Intercompany Guarantee and Subsidy Agreements

We recorded the following activity under the intercompany guarantee and subsidy agreements for the years ended December 31:


	2012			2011			2010
Finance lease income ⁽¹⁾	$	(2	)	$	(1	)	$	19
Interest income on notes receivable		2			2			13	⁽²⁾
Operating lease income		43			63			50
Net gain on disposal of assets		–			2			9
Asset impairment expense		–			–			7
	$	43		$	66		$	98

⁽¹⁾

For the years ended December 31, 2012, 2011 and 2010, finance lease income included $(2), $(2) and $(2) for fees paid to Boeing related to guarantee agreements.

⁽²⁾

During 2010 the prepayment of third party notes receivable totaling $163 was facilitated through Boeing. Included in interest income on notes receivable is $10 attributable to this prepayment.

Accounts with Boeing

Accounts with Boeing consisted of the following at December 31:


	2012		2011
Federal income tax payable	$	43	$	38
Other payable		37		38
	$	80	$	76