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Customer Financing
 6 Months Ended
Jun. 30, 2022
Customer Financing [Abstract]  
Customer Financing Customer Financing
Customer financing primarily relates to the Boeing Capital (BCC) segment. Financing arrangements typically range in terms from 1 to 12 years and may include options to extend or terminate leases. Certain leases include provisions to allow the lessee to purchase the underlying aircraft at a specified price.
Customer financing consisted of the following:
June 30
2022		December 31
2021
Financing receivables:
Investment in sales-type/finance leases$875 $944 
Notes403 412 
Total financing receivables
1,278 1,356 
Less allowance for losses on receivables(60)(18)
Financing receivables, net1,218 1,338 
Operating lease equipment, at cost, less accumulated depreciation of $72 and $58
483 474 
Total$1,701 $1,812 
At June 30, 2022 and December 31, 2021, $406 and $378 were determined to be uncollectible financing receivables and placed on non-accrual status. The increase in the allowance for losses on receivables during the six months ended June 30, 2022 was primarily due to impacts of the war in Ukraine. Customer financing interest income received was $6 and $3 for the six and three months ended June 30, 2022 and $11 and $5 for the six and three months ended June 30, 2021.
Our financing receivable balances at June 30, 2022 by internal credit rating category and year of origination consisted of the following:
Rating categoriesCurrent2021202020192018PriorTotal
BBB$82 $82 
BB$26 $227 $116 $41 $13 118 541 
B35 187 222 
CCC7 22 404 433 
Total carrying value of financing receivables$26 $262 $123 $63 $13 $791 $1,278 
At June 30, 2022, our allowance for losses related to receivables with ratings of CCC, B, BB, and BBB. We applied default rates that averaged 90.9%, 25.8%, 3.0%, and 0.1%, respectively, to the exposure associated with those receivables.
Customer Financing Exposure
The majority of our customer financing portfolio is concentrated in the following aircraft models:
June 30
2022		December 31
2021
717 Aircraft ($55 and $62 accounted for as operating leases)
$580 $603 
747-8 Aircraft (accounted for as sales-type finance leases)394 435 
737 Aircraft ($184 and $145 accounted for as operating leases)
196 163 
777 Aircraft ($211 and $225 accounted for as operating leases)
218 233 
MD-80 Aircraft (accounted for as sales-type finance leases)139 142 
757 Aircraft (accounted for as sales-type finance leases)118 126 
747-400 Aircraft ($0 and $1 accounted for as operating leases)
48 50 
Operating lease equipment primarily includes large commercial jet aircraft.
Lease income recorded in revenue on the Condensed Consolidated Statements of Operations for the six months ended June 30, 2022 and 2021 included $36 and $25 from sales-type/finance leases, and $32 and $37 from operating leases, of which $5 and $5 related to variable operating lease payments. Lease income recorded in revenue on the Condensed Consolidated Statements of Operations for the three months ended June 30, 2022 and 2021 included $18 and $12 from sales-type/finance leases, and $17 and $19 from operating leases, of which $1 and $3 related to variable operating lease payments.
Profit at the commencement of sales-type leases was recorded in revenue for the six months ended June 30, 2022 and 2021 in the amount of $12 and $36. Profit at the commencement of sales-type leases was recorded in revenue for the three months ended June 30, 2022 and 2021 in the amount of $8 and $20.