Debt

Interest incurred, including amounts capitalized, was $625, $683 and $729 for the years ended December 31, 2012, 2011 and 2010, respectively. Interest expense recorded by BCC is reflected as a separate line item on our Consolidated Statements of Operations, and is included in Earnings from operations. Total Company interest payments were $614, $626 and $670 for the years ended December 31, 2012, 2011 and 2010, respectively.

We have $4,600 currently available under credit line agreements, of which $2,300 is a 364-day revolving credit facility expiring in November 2013 and $2,300 is a five-year credit facility expiring in November 2017. The 364-day credit facility has a one-year term out option which allows us to extend the maturity of any borrowings one year beyond the aforementioned expiration date. We continue to be in full compliance with all covenants contained in our debt or credit facility agreements.

Short-term debt and current portion of long-term debt at December 31 consisted of the following:



	2012				2011
	Consolidated Total		BCC Only		Consolidated Total		BCC Only
Unsecured debt securities		$1,224		$624		$2,186		$837
Non-recourse debt and notes	51		13		45		32
Capital lease obligations	96		11		97		10
Other notes	65				25
Total		$1,436		$648		$2,353		$879

Debt at December 31 consisted of the following:



	2012		2011
Boeing Capital debt:
Unsecured debt securities
1.54% – 7.58% due through 2023		$2,465		$3,308
Non-recourse debt and notes
4.12% – 4.84% notes due through 2013	13		49
Capital lease obligations
0.91% due through 2015	33		43
Boeing Capital debt subtotal		$2,511		$3,400
Other Boeing debt:
Unsecured debt securities
3.50% – 5.00% due through 2020		$2,686		$3,381
5.13% – 6.88% due through 2043	2,991		2,990
7.25% – 8.75% due through 2043	1,642		1,991
Non-recourse debt and notes
Enhanced equipment trust	231		269
Capital lease obligations due through 2017	146		192
Other notes	202		148
Other Boeing debt subtotal		$7,898		$8,971
Total debt		$10,409		$12,371

Other Boeing debt includes $300 due August 15, 2024 that was redeemable at the holder’s option on August 15, 2012. The option expired in 2012. The debt was classified at December 31, 2012 as Long-term debt and as Current liabilities at December 31, 2011.

At December 31, 2012, $277 of debt (non-recourse debt and notes and capital lease obligations) was collateralized by customer financing assets totaling $461.

Scheduled principal payments for debt and minimum capital lease obligations for the next five years are as follows:



	2013		2014		2015		2016		2017
Boeing Capital		$648		$526		$16		$505		$5
Other Boeing	794		838		844		547		42
Total		$1,442		$1,364		$860		$1,052		$47