The Boeing Company and Subsidiaries |
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Summary of Business Segment Data |
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(Unaudited) |
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Nine months ended
|
Three months ended
|
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(Dollars in millions) |
2017 |
2016 |
2017 |
2016 |
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Revenues: |
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Commercial Airplanes |
$41,263 |
$43,630 |
$14,982 |
$15,200 |
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Defense, Space & Security |
15,520 |
17,281 |
5,470 |
5,751 |
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Global Services |
10,638 |
10,508 |
3,568 |
3,506 |
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Boeing Capital |
234 |
211 |
70 |
63 |
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Unallocated items, eliminations and other |
369 |
(345) |
219 |
(622) |
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Total revenues |
$68,024 |
$71,285 |
$24,309 |
$23,898 |
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Earnings from operations: |
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Commercial Airplanes |
$3,648 |
$804 |
$1,483 |
$1,293 |
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Defense, Space & Security |
1,670 |
1,443 |
559 |
564 |
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Global Services |
1,639 |
1,609 |
506 |
524 |
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Boeing Capital |
87 |
36 |
23 |
13 |
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Segment operating profit |
7,044 |
3,892 |
2,571 |
2,394 |
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Unallocated items, eliminations and other |
204 |
(241) |
118 |
(112) |
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Earnings from operations |
7,248 |
3,651 |
2,689 |
2,282 |
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Other income, net |
94 |
41 |
45 |
2 |
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Interest and debt expense |
(267) |
(227) |
(87) |
(81) |
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Earnings before income taxes |
7,075 |
3,465 |
2,647 |
2,203 |
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Income tax (expense)/benefit |
(2,010) |
(201) |
(794) |
76 |
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Net earnings |
$5,065 |
$3,264 |
$1,853 |
$2,279 |
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Research and development expense, net: |
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Commercial Airplanes |
$1,755 |
$3,152 |
$538 |
$633 |
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Defense, Space & Security |
599 |
666 |
207 |
201 |
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Global Services |
101 |
126 |
38 |
41 |
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Other |
(37) |
(43) |
(16) |
(18) |
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Total research and development expense, net |
$2,418 |
$3,901 |
$767 |
$857 |
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Unallocated items, eliminations and other |
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Share-based plans |
($67) |
($50) |
($21) |
($9) |
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Deferred compensation |
(174) |
(38) |
(78) |
(33) |
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Amortization of previously capitalized interest |
(72) |
(71) |
(21) |
(23) |
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Eliminations and other unallocated items |
(437) |
(333) |
(78) |
(135) |
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Sub-total (included in core operating earnings) |
(750) |
(492) |
(198) |
(200) |
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Pension |
808 |
129 |
275 |
50 |
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Postretirement |
146 |
122 |
41 |
38 |
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Total unallocated items, eliminations and other |
$204 |
($241) |
$118 |
($112) |
The Boeing Company and Subsidiaries