Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] |
Consolidated Statements of Operations | | | | | | | | | | | | | | | | | | | | | | | | | Years ended December 31 | 2017 |
| 2016 | (Dollars in millions, except per share data) | Reported | | Impact of New Standards | | Restated | | Reported | | Impact of New Standards | | Restated | Sales of products |
| $83,204 |
| |
| $536 |
| |
| $83,740 |
| |
| $84,399 |
| |
| ($1,201 | ) | |
| $83,198 |
| Sales of services | 10,188 |
| | 77 |
| | 10,265 |
| | 10,172 |
| | 126 |
| | 10,298 |
| Total revenues | 93,392 |
| | 613 |
| | 94,005 |
| | 94,571 |
| | (1,075 | ) | | 93,496 |
| | | | | | | | | | | | | Cost of products | (68,365 | ) | | (514 | ) | | (68,879 | ) | | (72,713 | ) | | 1,700 |
| | (71,013 | ) | Cost of services | (7,631 | ) | | (32 | ) | | (7,663 | ) | | (8,018 | ) | | 64 |
| | (7,954 | ) | Boeing Capital interest expense | (70 | ) | |
|
| | (70 | ) | | (59 | ) | |
|
| | (59 | ) | Total costs and expenses | (76,066 | ) | | (546 | ) | | (76,612 | ) | | (80,790 | ) | | 1,764 |
| | (79,026 | ) | | 17,326 |
| | 67 |
| | 17,393 |
| | 13,781 |
| | 689 |
| | 14,470 |
| Income from operating investments, net | 204 |
| |
|
| | 204 |
| | 303 |
| |
|
| | 303 |
| General and administrative expense | (4,094 | ) | | (1 | ) | | (4,095 | ) | | (3,616 | ) | | 3 |
| | (3,613 | ) | Research and development expense, net | (3,179 | ) | |
|
| | (3,179 | ) | | (4,627 | ) | | 1 |
| | (4,626 | ) | Gain/(loss) on dispositions, net | 21 |
| |
|
| | 21 |
| | (7 | ) | |
|
| | (7 | ) | Earnings from operations | 10,278 |
| | 66 |
| | 10,344 |
| | 5,834 |
| | 693 |
| | 6,527 |
| Other income/(loss), net | 129 |
| | (6 | ) | | 123 |
| | 40 |
| | (478 | ) | | (438 | ) | Interest and debt expense | (360 | ) | |
|
| | (360 | ) | | (306 | ) | |
|
| | (306 | ) | Earnings before income taxes | 10,047 |
| | 60 |
| | 10,107 |
| | 5,568 |
| | 215 |
| | 5,783 |
| Income tax expense | (1,850 | ) | | 201 |
| | (1,649 | ) | | (673 | ) | | (76 | ) | | (749 | ) | Net earnings |
| $8,197 |
| |
| $261 |
| |
| $8,458 |
| |
| $4,895 |
| |
| $139 |
| |
| $5,034 |
| | | | | | | | | | | | | Basic earnings per share |
| $13.60 |
| |
| $0.43 |
| |
| $14.03 |
| |
| $7.70 |
| |
| $0.22 |
| |
| $7.92 |
| | | | | | | | | | | | | Diluted earnings per share |
| $13.43 |
| |
| $0.42 |
| |
| $13.85 |
| |
| $7.61 |
| |
| $0.22 |
| |
| $7.83 |
|
Consolidated Statement of Financial Position | | | | | | | | | | | | | (Dollars in millions) | December 31, 2017 | Assets | Reported | | Impact of New Standards | | Restated | Cash and cash equivalents |
| $8,813 |
| |
|
| |
| $8,813 |
| Short-term and other investments | 1,179 |
| |
|
| | 1,179 |
| Accounts receivable, net | 10,516 |
| |
| ($7,622 | ) | | 2,894 |
| Unbilled receivables, net |
|
| | 8,194 |
| | 8,194 |
| Current portion of customer financing, net | 309 |
| |
|
| | 309 |
| Inventories | 44,344 |
| | 17,044 |
| | 61,388 |
| Other current assets |
|
|
| 2,417 |
| | 2,417 |
| Total current assets | 65,161 |
| | 20,033 |
| | 85,194 |
| Customer financing, net | 2,740 |
| | 16 |
| | 2,756 |
| Property, plant and equipment, net | 12,672 |
| |
|
| | 12,672 |
| Goodwill | 5,559 |
| |
|
| | 5,559 |
| Acquired intangible assets, net | 2,573 |
| |
|
| | 2,573 |
| Deferred income taxes | 341 |
| | (20 | ) | | 321 |
| Investments | 1,260 |
| |
|
| | 1,260 |
| Other assets, net of accumulated amortization | 2,027 |
| |
|
| | 2,027 |
| Total assets |
| $92,333 |
| |
| $20,029 |
| |
| $112,362 |
| Liabilities and equity | | | | | | Accounts payable |
| $12,202 |
| |
|
| |
| $12,202 |
| Accrued liabilities | 15,292 |
| |
| ($2,223 | ) | | 13,069 |
| Advances and billings in excess of related costs | 27,440 |
| | (27,440 | ) | |
|
| Advances and progress billings |
|
| | 48,042 |
| | 48,042 |
| Short-term debt and current portion of long-term debt | 1,335 |
| |
|
| | 1,335 |
| Total current liabilities | 56,269 |
| | 18,379 |
| | 74,648 |
| Deferred income taxes | 1,839 |
| | 349 |
| | 2,188 |
| Accrued retiree health care | 5,545 |
| |
|
| | 5,545 |
| Accrued pension plan liability, net | 16,471 |
| |
|
| | 16,471 |
| Other long-term liabilities | 2,015 |
| |
|
| | 2,015 |
| Long-term debt | 9,782 |
| |
|
| | 9,782 |
| Shareholders’ equity: | | | | | | Common stock | 5,061 |
| |
|
| | 5,061 |
| Additional paid-in capital | 6,804 |
| |
|
| | 6,804 |
| Treasury stock, at cost | (43,454 | ) | |
|
| | (43,454 | ) | Retained earnings | 45,320 |
| | 4,298 |
| | 49,618 |
| Accumulated other comprehensive loss | (13,376 | ) | | (2,997 | ) | | (16,373 | ) | Total shareholders’ equity | 355 |
| | 1,301 |
| | 1,656 |
| Noncontrolling interests | 57 |
| |
|
| | 57 |
| Total equity | 412 |
| | 1,301 |
| | 1,713 |
| Total liabilities and equity |
| $92,333 |
| |
| $20,029 |
| |
| $112,362 |
|
Consolidated Statements of Cash Flows | | | | | | | | | | | | | | | | | | | | | | | | | Years ended December 31 | 2017 | | 2016 | (Dollars in millions) | Reported |
| | Impact of New Standards | Restated |
| | Reported |
| | Impact of New Standards | Restated |
| Cash flows - operating activities: | | | | | | | | | | | | Net earnings |
| $8,197 |
| |
| $261 |
| |
| $8,458 |
| |
| $4,895 |
| |
| $139 |
| |
| $5,034 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | | | | | | | | | | | | Non-cash items - | | | | | | | | | | | | Share-based plans expense | 202 |
| |
| | 202 |
| | 190 |
| |
| | 190 |
| Depreciation and amortization | 2,069 |
| | (22 | ) | | 2,047 |
| | 1,910 |
| | (21 | ) | | 1,889 |
| Investment/asset impairment charges, net | 113 |
| |
| | 113 |
| | 90 |
| |
| | 90 |
| Customer financing valuation expense/(benefit) | 2 |
| |
| | 2 |
| | (7 | ) | |
| | (7 | ) | (Gain)/loss on dispositions, net | (21 | ) | |
| | (21 | ) | | 7 |
| |
| | 7 |
| Other charges and credits, net | 287 |
| | 6 |
| | 293 |
| | 369 |
| | 2 |
| | 371 |
| Changes in assets and liabilities - | | |
| | | | | |
| | | Accounts receivable | (1,821 | ) | | 981 |
| | (840 | ) | | 112 |
| | 214 |
| | 326 |
| Unbilled receivables |
| | (1,600 | ) | | (1,600 | ) | |
| | 792 |
| | 792 |
| Advances and progress billings |
| | 4,700 |
| | 4,700 |
| |
| | (1,362 | ) | | (1,362 | ) | Inventories | (1,085 | ) | | (318 | ) | | (1,403 | ) | | 3,755 |
| | 249 |
| | 4,004 |
| Other current assets |
| | (19 | ) | | (19 | ) | |
| | (200 | ) | | (200 | ) | Accounts payable | 130 |
| |
| | 130 |
| | 622 |
| |
| | 622 |
| Accrued liabilities | 573 |
| | (238 | ) | | 335 |
| | 726 |
| | (414 | ) | | 312 |
| Advances and billings in excess of related costs | 3,570 |
| | (3,570 | ) | |
| | (493 | ) | | 493 |
| |
| Income taxes receivable, payable and deferred | 857 |
| | (201 | ) | | 656 |
| | (810 | ) | | 76 |
| | (734 | ) | Other long-term liabilities | 94 |
| |
| | 94 |
| | (68 | ) | |
| | (68 | ) | Pension and other postretirement plans | (582 | ) | |
| | (582 | ) | | 153 |
| |
| | 153 |
| Customer financing, net | 1,017 |
| | 24 |
| | 1,041 |
| | (696 | ) | | 34 |
| | (662 | ) | Other | (258 | ) | | (2 | ) | | (260 | ) | | (256 | ) | | (5 | ) | | (261 | ) | Net cash provided by operating activities | 13,344 |
| | 2 |
| | 13,346 |
| | 10,499 |
| | (3 | ) | | 10,496 |
| Cash flows - investing activities: | | | | | | | | | | | | Property, plant and equipment additions | (1,739 | ) | |
| | (1,739 | ) | | (2,613 | ) | |
| | (2,613 | ) | Property, plant and equipment reductions | 92 |
| |
| | 92 |
| | 38 |
| |
| | 38 |
| Acquisitions, net of cash acquired | (324 | ) | |
| | (324 | ) | | (297 | ) | |
| | (297 | ) | Contributions to investments | (3,601 | ) | | 32 |
| | (3,569 | ) | | (1,719 | ) | |
| | (1,719 | ) | Proceeds from investments | 3,639 |
| | (32 | ) | | 3,607 |
| | 1,209 |
| | (3 | ) | | 1,206 |
| Purchase of distribution rights | (131 | ) | |
| | (131 | ) | |
| |
| |
| Other | 2 |
| | 4 |
| | 6 |
| | 2 |
| | 5 |
| | 7 |
| Net cash used by investing activities | (2,062 | ) | | 4 |
| | (2,058 | ) | | (3,380 | ) | | 2 |
| | (3,378 | ) | Cash flows - financing activities: | | | | | | | | | | | | New borrowings | 2,077 |
| |
| | 2,077 |
| | 1,325 |
| |
| | 1,325 |
| Debt repayments | (953 | ) | |
| | (953 | ) | | (1,359 | ) | |
| | (1,359 | ) | Repayments of distribution rights and other asset financing |
| |
| |
| | (24 | ) | |
| | (24 | ) | Stock options exercised | 311 |
| |
| | 311 |
| | 321 |
| |
| | 321 |
| Employee taxes on certain share-based payment arrangements | (132 | ) | |
| | (132 | ) | | (93 | ) | |
| | (93 | ) | Common shares repurchased | (9,236 | ) | |
| | (9,236 | ) | | (7,001 | ) | |
| | (7,001 | ) | Dividends paid | (3,417 | ) | |
| | (3,417 | ) | | (2,756 | ) | |
| | (2,756 | ) | Net cash used by financing activities | (11,350 | ) | |
| | (11,350 | ) | | (9,587 | ) | |
| | (9,587 | ) | Effect of exchange rate changes on cash & cash equivalents, including restricted | 80 |
| |
| | 80 |
| | (33 | ) | |
| | (33 | ) | Net increase/(decrease) in cash & cash equivalents, including restricted | 12 |
| | 6 |
| | 18 |
| | (2,501 | ) | | (1 | ) | | (2,502 | ) | Cash & cash equivalents, including restricted*, at beginning of year | 8,801 |
| | 68 |
| | 8,869 |
| | 11,302 |
| | 69 |
| | 11,371 |
| Cash & cash equivalents, including restricted*, at end of year | 8,813 |
| | 74 |
| | 8,887 |
| | 8,801 |
| |
| $68 |
| | 8,869 |
| Less restricted cash & cash equivalents, included in Investments | | | | | 74 |
| | | | | | 68 |
| Cash and cash equivalents at end of year | | | | |
| $8,813 |
| | | | | |
| $8,801 |
|
* Reported balance excludes restricted amounts
Consolidated Statements of Equity | | | | | | | | | | | | | | | | | | | | | | | | Boeing shareholders | | | (Dollars in millions) | Common Stock |
| Additional Paid-In Capital |
| Treasury Stock |
| Retained Earnings |
| Accumulated Other Comprehensive Loss |
| Non- controlling Interests |
| Total |
| Balance at January 1, 2016, as reported |
| $5,061 |
|
| $4,834 |
|
| ($29,568 | ) |
| $38,756 |
|
| ($12,748 | ) |
| $62 |
|
| $6,397 |
| Cumulative Impact of Topic 606 at 1/1/2016 | | | | 901 |
| | | 901 |
| Balance at January 1, 2016, as restated | $5,061 |
| $4,834 |
|
| ($29,568 | ) |
| $39,657 |
|
| ($12,748 | ) |
| $62 |
| 7,298 |
|
| | | | | | | | | | | | | | | | | | | | | | | | Boeing shareholders | | | (Dollars in millions) | Common Stock |
| Additional Paid-In Capital |
| Treasury Stock |
| Retained Earnings |
| Accumulated Other Comprehensive Loss |
| Non- controlling Interests |
| Total |
| Balance at January 1, 2017, as reported |
| $5,061 |
|
| $4,762 |
|
| ($36,097 | ) |
| $40,714 |
|
| ($13,623 | ) |
| $60 |
|
| $877 |
| Cumulative Impact of Topic 606 at 1/1/2016 | | | | 901 |
| | | 901 |
| Impact of Topic 606 on 2016 earnings | | | | 139 |
| | | 139 |
| Balance at January 1, 2017, as restated |
| $5,061 |
|
| $4,762 |
|
| ($36,097 | ) |
| $41,754 |
|
| ($13,623 | ) |
| $60 |
|
| $1,917 |
|
| | | | | | | | | | | | | | | | | | | | | | | | Boeing shareholders | | | (Dollars in millions) | Common Stock |
| Additional Paid-In Capital |
| Treasury Stock |
| Retained Earnings |
| Accumulated Other Comprehensive Loss |
| Non- controlling Interests |
| Total |
| Balance at December 31, 2017, as reported |
| $5,061 |
|
| $6,804 |
|
| ($43,454 | ) |
| $45,320 |
|
| ($13,376 | ) |
| $57 |
|
| $412 |
| Cumulative Impact of Topic 606 at 1/1/2016 | | | | 901 |
| | | 901 |
| Impact of Topic 606 on 2016 earnings | | | | 139 |
| | | 139 |
| Impact of Topic 606 on 2017 earnings | | | | 261 |
| | | 261 |
| Total impact of ASC 606 through December 31, 2017 | | | | 1,301 |
| | | 1,301 |
| Impact of ASU 2018-02 | | | | 2,997 |
| (2,997 | ) | | | Balance at December 31, 2017, as restated |
| $5,061 |
|
| $6,804 |
|
| ($43,454 | ) |
| $49,618 |
|
| ($16,373 | ) |
| $57 |
|
| $1,713 |
|
|