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Postretirement Plans (Tables)
 12 Months Ended
Dec. 31, 2020
Retirement Benefits, Description [Abstract]  
Components Of Net Periodic Benefit Cost
The components of net periodic benefit (income)/cost were as follows:
PensionOther Postretirement Benefits
Years ended December 31,202020192018202020192018
Service cost$3 $2 $430 $89 $77 $94 
Interest cost2,455 2,925 2,781 130 196 194 
Expected return on plan assets(3,756)(3,863)(4,009)(9)(8)(8)
Amortization of prior service credits
(80)(79)(56)(38)(35)(126)
Recognized net actuarial loss/(gain)1,032 643 1,130 (63)(46)(10)
Settlement/curtailment loss/(gain)9 44 (4)
Net periodic benefit (income)/cost($337)($372)$320 $105 $184 $144 
Net periodic benefit cost included in (Loss)/earnings
from operations		$3 $313 $313 $91 $88 $84 
Net periodic benefit (income)/cost included in Other income, net(340)(374)(143)16 107 101 
Net periodic benefit (income)/cost included in (Loss)/earnings before income taxes
($337)($61)$170 $107 $195 $185 
Schedule Of Changes In The Benefit Obligation, Plan Assets And Funded Status Of Pensions And OPB The following tables show changes in the benefit obligation, plan assets and funded status of both pensions and OPB for the years ended December 31, 2020 and 2019. Benefit obligation balances presented below reflect the PBO for our pension plans, and accumulated postretirement benefit obligations (APBO) for our OPB plans.
PensionOther Postretirement Benefits
2020201920202019
Change in benefit obligation
Beginning balance$77,645 $71,424 $5,080 $5,114 
Service cost3 2 89 77 
Interest cost2,455 2,925 130 196 
Amendments(29)1 
Actuarial loss/(gain)7,759 8,695 (218)127 
Settlement/curtailment/other
(68)(756)55 
Gross benefits paid(5,386)(4,658)(450)(474)
Subsidies36 36 
Exchange rate adjustment7 13 3 
Ending balance$82,415 $77,645 $4,693 $5,080 
Change in plan assets
Beginning balance at fair value$61,711 $56,102 $149 $132 
Actual return on plan assets9,275 10,851 21 26 
Company contribution3,013 16 1 
Plan participants’ contributions6 6 
Settlement payments
(68)(756)
Benefits paid(5,241)(4,514)(16)(16)
Exchange rate adjustment6 12 
Ending balance at fair value$68,696 $61,711 $160 $149 
Amounts recognized in statement of financial position at December 31 consist of:
Other assets$837 $484 
Accrued liabilities(148)(142)($396)($391)
Accrued retiree health care(4,137)(4,540)
Accrued pension plan liability, net(14,408)(16,276)
Net amount recognized($13,719)($15,934)($4,533)($4,931)
Schedule Of Amounts Recognized In Accumulated Other Comprehensive Loss
Amounts recognized in Accumulated other comprehensive loss at December 31 were as follows:
PensionOther Postretirement Benefits
2020201920202019
Net actuarial loss/(gain)$24,324 $23,124 ($735)($625)
Prior service credits(1,387)(1,467)(110)(122)
Total recognized in Accumulated other comprehensive loss$22,937 $21,657 ($845)($747)
Schedule Of Key Information For All Plans With ABO In Excess Of Plan Assets Key information for our plans with ABO and PBO in excess of plan assets as of December 31 was as follows:
20202019
Accumulated benefit obligation$74,337 $70,466 
Fair value of plan assets61,502 55,907 
20202019
Projected benefit obligation$76,057 $72,325 
Fair value of plan assets61,502 55,907 
Schedule Of Assumptions Used To Calculate The Benefit Obligation and Net Periodic Benefit Costs
The following assumptions, which are the weighted average for all plans, are used to calculate the benefit obligation at December 31 of each year and the net periodic benefit cost for the subsequent year.
December 31,202020192018
Discount rate:
Pension2.50 %3.30 %4.20 %
Other postretirement benefits2.00 %3.00 %4.00 %
Expected return on plan assets6.50 %6.80 %6.80 %
Rate of compensation increase4.30 %4.30 %5.30 %
Interest crediting rates for cash balance plans5.00 %5.15 %5.15 %
Schedule Of Assumed Health Care Cost Trend Rates
Assumed health care cost trend rates were as follows:
December 31,202020192018
Health care cost trend rate assumed next year4.50 %5.00 %5.50 %
Ultimate trend rate4.50 %4.50 %4.50 %
Year that trend reached ultimate rate202120212021
Schedule of actual allocations for pension assets and target allocations by asset class [Table Text Block] The actual and target allocations by asset class for the pension assets at December 31 were as follows:
Actual AllocationsTarget Allocations
Asset Class2020201920202019
Fixed income49 %49 %49 %47 %
Global equity30 29 29 29 
Private equity6 5 5 5 
Real estate and real assets7 8 9 9 
Hedge funds8 9 8 10 
Total100 %100 %100 %100 %
Schedule of Allocation of Plan Assets The following table presents our plan assets using the fair value hierarchy as of December 31, 2020 and 2019. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value. Level 1 refers to fair values determined based on quoted prices in active markets for identical assets. Level 2 refers to fair values estimated using significant other observable inputs, and Level 3 includes fair values estimated using significant unobservable inputs.
December 31, 2020December 31, 2019
TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Fixed income securities:
Corporate$20,841 $20,801 $40 $19,341 $19,336 $5 
U.S. government and agencies
5,170 5,168 2 5,759 5,759 
Mortgage backed and asset backed
786 666 120 1,181 720 461 
Municipal1,176 1,104 72 1,317 1,317 
Sovereign1,040 1,038 2 1,076 1,076 
Other 19 $18 1 55 $7 48 
Derivatives:
Assets6 6 
Liabilities(17)(17)(143)(143)
Cash equivalents and other short-term investments
1,081 1,081 769 769 
Equity securities:
U.S. common and preferred stock
5,013 5,013 4,866 4,866 
Non-U.S. common and preferred stock
5,577 5,575 2 5,529 5,527 2 
Boeing company stock3,298 3,298 
Derivatives:
Assets10 10 6 6 
Liabilities(9)(9)(5)(5)
Private equity
Real estate and real assets:
Real estate351 351 454 454 
Real assets786 723 61 2 810 649 157 4 
Derivatives:
Assets6 6 5 1 4 
Liabilities(2)(2)(2)(2)
Total$45,132 $14,978 $29,914 $240 $41,018 $11,504 $29,042 $472 
Fixed income common/collective/pooled funds
$2,345 $959 
Fixed income other604 512 
Equity common/collective pooled funds
6,947 6,301 
Private equity4,013 3,184 
Real estate and real assets3,359 3,605 
Hedge funds5,745 5,688 
Total investments measured at NAV as a practical expedient
$23,013 $20,249 
Cash$267 $207 
Receivables992 383 
Payables(708)(146)   
Total$68,696 $61,711 
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]
The following tables present a reconciliation of Level 3 assets held during the years ended December 31, 2020 and 2019. Transfers into and out of Level 3 are reported at the beginning-of-year values.
January 1
2020 Balance		Net Realized and Unrealized Gains/(Losses)Net Purchases, Issuances and SettlementsNet Transfers Into/(Out of) Level 3December 31
2020 Balance
Fixed income securities:
Corporate
$5 $1 $18 $16 $40 
 U.S. government and
agencies 		2 2 
Mortgage backed and
   asset backed
461 (1)(93)(247)120 
Municipal3 2 67 72 
Sovereign(1)2 1 2 
Equity securities:
Non-U.S. common and
preferred stock		2 2 
Real assets4 (2)2 
Total$472 $2 ($71)($163)$240 
January 1
2019 Balance		Net Realized and Unrealized GainsNet Purchases, Issuances and SettlementsNet Transfers Into Level 3December 31
2019 Balance
Fixed income securities:
  Corporate
$2 $3 $5 
Mortgage backed and asset backed
312 $11 137 $1 461 
Equity securities:
Non-U.S. common and preferred stock
1 1 2 
Real assets4 4 
Total$318 $11 $141 $2 $472 
Schedule Of Estimated Future Benefit Payments The table below reflects the total pension benefits expected to be paid from the plans or from our assets, including both our share of the benefit cost and the participants’ share of the cost, which is funded by participant contributions. OPB payments reflect our portion only.
Year(s)202120222023202420252026-2030
Pensions$4,959 $4,825 $4,720 $4,657 $4,581 $21,383 
Other postretirement benefits:
Gross benefits paid462 452 435 415 394 1,606 
Subsidies
(32)(32)(32)(31)(30)(139)
Net other postretirement benefits$430 $420 $403 $384 $364 $1,467