XML 62 R48.htm IDEA: XBRL DOCUMENT v3.10.0.1
Customer Financing (Tables)
 12 Months Ended
Dec. 31, 2018
Customer Financing [Abstract]  
Schedule Of Customer Financing Customer financing consisted of the following at December 31:
 
2018

 
2017

Financing receivables:
 
 
 
Investment in sales-type/finance leases

$1,125

 

$1,364

Notes
730

 
1,022

Total financing receivables
1,855

 
2,386

Operating lease equipment, at cost, less accumulated depreciation of $203 and $305
782

 
691

Operating lease incentive
250

 
 
Gross customer financing
2,887

 
3,077

Less allowance for losses on receivables
(9
)
 
(12
)
Total

$2,878

 

$3,065
Components Of Investment In Sales Type Or Finance Leases The components of investment in sales-type/finance leases at December 31 were as follows:
 
2018

 
2017

Minimum lease payments receivable

$908

 

$1,159

Estimated residual value of leased assets
425

 
495

Unearned income
(208
)
 
(290
)
Total

$1,125

 

$1,364
Financing Receivable Balances Evaluated For Impairment Financing receivable balances evaluated for impairment at December 31 were as follows:
 
2018

 
2017

Individually evaluated for impairment

$409

 

$422

Collectively evaluated for impairment
1,446

 
1,964

Total financing receivables

$1,855

 

$2,386
Allowance for Losses on Financing Receivables The change in the allowance for losses on financing receivables for the years ended December 31, 2018, 2017 and 2016, consisted of the following:
 
2018

 
2017

 
2016

Beginning balance - January 1

($12
)
 

($10
)
 

($16
)
Customer financing valuation benefit/(cost)
3

 
(2
)
 
6

Ending balance - December 31

($9
)
 

($12
)
 

($10
)
Collectively evaluated for impairment

($9
)
 

($12
)
 

($10
)
Financing Receivable Credit Quality Indicators Our financing receivable balances at December 31 by internal credit rating category are shown below:
Rating categories
2018

 
2017

BBB

$883

 

$1,170

BB
430

 
627

B
135

 
177

CCC
407

 
412

Total carrying value of financing receivables

$1,855

 

$2,386
Schedule Of Customer Financing Carrying Values Related To Major Aircraft Concentrations The majority of customer financing carrying values are concentrated in the following aircraft models at December 31:
 
2018

 
2017

717 Aircraft ($204 and $269 accounted for as operating leases)

$918

 

$1,081

747-8 Aircraft ($132 and $138 accounted for as operating leases)
477

 
483

737 Aircraft ($263 and $127 Accounted for as operating leases)
290

 
161

MD-80 Aircraft (Accounted for as sales-type finance leases)
204

 
231

757 Aircraft ($24 and $27 accounted for as operating leases)
200

 
217

747-400 Aircraft ($45 and $88 Accounted for as operating leases)
116

 
170

777 Aircraft ($60 and $0 accounted for as operating leases)
68

 
14

767 Aircraft ($0 and $25 accounted for as operating leases)


 
98
Customer Financing Asset Impairment Charges Charges related to customer financing asset impairment for the years ended December 31 were as follows:
 
2018

 
2017

 
2016

Boeing Capital

$1

 

$13

 

$45

Other Boeing
38

 
30

 
21

Total

$39

 

$43

 

$66
Scheduled Receipts On Customer Financing Scheduled receipts on customer financing are as follows:
Year
2019

 
2020

 
2021

 
2022

 
2023

 
Beyond 2023
Principal payments on notes receivable

$658

 

$11

 

$7

 

$37

 

$17

 


Sales-type/finance lease payments receivable
208

 
171

 
124

 
110

 
92

 
203

Operating lease equipment payments receivable
112

 
93

 
79

 
68

 
45

 
91