Investments (Tables)

12 Months Ended

Dec. 31, 2021

Investments [Abstract]

Schedule of Investments

Our investments, which are recorded in Short-term and other investments or Investments, consisted of the following at December 31:

	2021	2020
Equity method investments (1)	$930	$936
Time deposits	7,676	17,154
Available for sale debt instruments	464	596
Equity and other investments	45	85
Restricted cash & cash equivalents (2)	52	83
Total	$9,167	$18,854

(1)Dividends received were $77 and $149 during 2021 and 2020. Retained earnings at December 31, 2021 include undistributed earnings from our equity method investments of $136. During the third quarter of 2021, Boeing and AE Industrial Partners announced a strategic partnership to establish a dedicated aerospace venture fund. This transaction resulted in the deconsolidation of HorizonX and generated a gain of $117 which is included in Income from operating investments, net.

(2)Reflects amounts restricted in support of our property sales, workers’ compensation programs and insurance premiums.

Schedule of Equity Method Investments

Equity Method Investments

Our equity method investments consisted of the following as of December 31:

	Segment	Ownership Percentages	Investment Balance
			2021	2020
United Launch Alliance	BDS	50%	$617	$735
Other	BCA, BDS, BGS and Other		313	201
Total equity method investments			$930	$936