The Boeing Company and Subsidiaries | |||||||
Summary of Business Segment Data | |||||||
(Unaudited) | |||||||
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Three months ended March 31 | ||||||
(Dollars in millions) |
2015 |
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2014 |
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Revenues: |
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Commercial Airplanes |
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$15,381 |
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$12,737 |
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Defense, Space & Security: |
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Boeing Military Aircraft |
2,744 |
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3,455 |
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Network & Space Systems |
1,732 |
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1,876 |
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Global Services & Support |
2,233 |
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|
2,302 |
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Total Defense, Space & Security |
6,709 |
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|
7,633 |
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Boeing Capital |
86 |
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|
82 |
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Unallocated items, eliminations and other |
(27) |
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|
13 |
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Total revenues |
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$22,149 |
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$20,465 |
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Earnings from operations: |
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Commercial Airplanes |
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$1,617 |
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$1,502 |
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Defense, Space & Security: |
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Boeing Military Aircraft |
261 |
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|
332 |
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Network & Space Systems |
167 |
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|
168 |
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Global Services & Support |
315 |
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|
278 |
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Total Defense, Space & Security |
743 |
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|
778 |
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Boeing Capital |
20 |
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|
44 |
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Unallocated items, eliminations and other |
(361) |
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(782) |
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Earnings from operations |
2,019 |
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|
1,542 |
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Other (loss)/income, net |
(12) |
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|
9 |
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Interest and debt expense |
(61) |
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(92) |
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Earnings before income taxes |
1,946 |
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1,459 |
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Income tax expense |
(610) |
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(494) |
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Net earnings |
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$1,336 |
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$965 |
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Research and development expense, net: |
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Commercial Airplanes |
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$543 |
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$529 |
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Defense, Space & Security |
224 |
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|
280 |
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Other |
2 |
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Total research and development expense, net |
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$769 |
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$809 |
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Unallocated items, eliminations and other: |
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Share-based plans |
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($21) |
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($24) |
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Deferred compensation |
(58) |
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|
7 |
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Amortization of previously capitalized interest |
(29) |
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|
(18) |
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Eliminations and other unallocated items |
(140) |
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(194) |
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Sub-total (included in core operating earnings) |
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(248) |
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(229) |
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Pension |
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(152) |
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(576) |
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Postretirement |
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39 |
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23 |
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Total unallocated items, eliminations and other |
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($361) |
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($782) |
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