Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2012

Quarterly Financial Information [Text Block]

27. Quarterly Financial Data (Unaudited)

	Quarter Ended
	December 31,		September 27,		June28,		March 29,
	2012⁽¹⁾		2012⁽²⁾		2012⁽³⁾		2012⁽⁴⁾
2012
Revenues	$	1,425.6	$	1,365.3	$	1,341.0	$	1,265.8
Operating Income	$	98.0	$	(210.5)	$	82.5	$	122.3
Net income	$	60.7	$	(134.4)	$	34.9	$	73.6
Earnings per share, basic	$	0.43	$	(0.94)	$	0.25	$	0.52
Earnings per share, diluted	$	0.43	$	(0.94)	$	0.24	$	0.52


	Quarter Ended
	December 31,		September 29,		June 30,		March 31,
	2011⁽⁵⁾		2011⁽⁶⁾		2011⁽⁷⁾		2011⁽⁸⁾
2011
Revenues	$	1,218.9	$	1,129.7	$	1,465.6	$	1,049.6
Operating Income	$	102.4	$	120.5	$	63.6	$	69.6
Net income (loss)	$	60.4	$	67.3	$	30.1	$	34.6
Earnings per share, basic	$	0.43	$	0.48	$	0.21	$	0.25
Earnings per share, diluted	$	0.42	$	0.47	$	0.21	$	0.24

(1) Fourth quarter 2012 earnings include the impacts of forward loss charges of $6.4 on the B747 fuselage program, $8.0 on the B767 propulsion program and $20.0 on the G280 wing program.

(2) Third quarter 2012 earnings included the impacts of a $151.0 forward loss charge for our Rolls-Royce program, a charge of $184.0 for the B787 wing program, a charge of $88.1 for the G280 wing program, a charge of $162.5 for the G650 wing program, a charge of $2.4 for the A350 XWB program, a charge of $2.4 for the B747-8 wing program, and gains resulting from the insurance settlement net of cost incurred related to the April 14, 2012 severe weather event.

(3) Second quarter 2012 earnings included the impacts of a $6.5 forward loss charge recorded on our A350 XWB non-recurring wing contract, charges of $3.6 for asset impairment, $2.2 related to stock incentives for certain UAW-represented employees, and $1.1 in early retirement incentives to eligible employees.

(4) First quarter 2012 earnings included a $2.7 forward loss charge recorded for the B747-8 program, $10.7 forward loss charge for the G280 wing program and $1.0 related to early retirement incentives to eligible employees.

(5) Fourth quarter 2011 earnings includes the impacts of $28.5 forward loss charge on the G280 program, $18.3 forward loss charge on the B747-8, a $3.0 forward loss on the A350 XWB non-recurring wing contract and a $9.2 reduction to previously recognized forward losses on the Sikorsky CH-53K helicopter program.

(6) Third quarter 2011 cost of sales included an impact of a $10.0 forward loss recorded for the Sikorsky CH-53K helicopter program.

(7) Second quarter 2011 earnings included the impacts of a $53.3 forward loss charge for the G280 wing program, a charge of $9.0 due to a change in estimate to increase warranty and extraordinary rework reserves and a charge of $1.9 in early retirement incentives elected by eligible UAW-represented employees. Also includes recognition of $236.2 of deferred revenue for non-recurring work on the B787-9 DMI and for pricing adjustments on prior and current-year deliveries, all associated with the B787 Amendment, which was finalized in 2011.

(8) First quarter 2011 earnings included the impact of a $28.2 forward loss charge for the Sikorsky CH-53K helicopter program.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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