Customer Financing (Tables)

6 Months Ended

Jun. 30, 2019

Customer financing primarily relates to the Boeing Capital (BCC) segment and consisted of the following:



	June 30 2019			December 31 2018
Financing receivables:
Investment in sales-type/finance leases		$1,038			$1,125
Notes	449			730
Total financing receivables	1,487			1,855
Operating lease equipment, at cost, less accumulated depreciation of $228 and $203	831			782
Operative lease incentive				250
Gross customer financing	2,318			2,887
Less allowance for losses on receivables	(8		)	(9		)
Total		$2,310			$2,878

Our financing receivable balances by internal credit rating category are shown below:



Rating categories	June 30 2019		December 31 2018
BBB		$612		$883
BB	349		430
B	128		135
CCC	398		407
Total carrying value of financing receivables		$1,487		$1,855

The majority of customer financing carrying values are concentrated in the following aircraft models:



	June 30 2019		December 31 2018
717 Aircraft ($194 and $204 accounted for as operating leases)		$806		$918
747-8 Aircraft ($129 and $132 accounted for as operating leases)	474		477
737 Aircraft ($256 and $263 accounted for as operating leases)	279		290
757 Aircraft ($23 and $24 accounted for as operating leases)	191		200
MD-80 Aircraft (accounted for as sales-type finance leases)	181		204
777 Aircraft ($142 and $60 accounted for as operating leases)	149		68
747-400 Aircraft ($34 and $45 accounted for as operating leases)	99		116

As of June 30, 2019, undiscounted cash flows for sales-type/finance and operating leases over the next five years and thereafter are as follows:



	Sales-type/finance leases			Operating leases
Year 1		$186			$123
Year 2	141			99
Year 3	92			87
Year 4	107			67
Year 5	116			51
Thereafter	143			67
Total lease receipts	785			494
Less imputed interest	(172		)
Estimated unguaranteed residual values	425
Total		$1,038			$494