Investments (Tables)

12 Months Ended

Dec. 31, 2022

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:

	2022	2021
Equity method investments (1)	$948	$930
Time deposits	2,093	7,676
Available for sale debt instruments	479	464
Equity and other investments	36	45
Restricted cash & cash equivalents (2)	33	52
Total	$3,589	$9,167

(1)Dividends received were $111 and $77 during 2022 and 2021. Retained earnings at December 31, 2022 include undistributed earnings from our equity method investments of $141. 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 (Loss)/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 at December 31:

	Segment	Ownership Percentages	Investment Balance
			2022	2021
United Launch Alliance	BDS	50%	$587	$617
Other	BCA, BDS, BGS and Other		361	313
Total equity method investments			$948	$930