Summary of Business Segment Data
(Unaudited)
Effective July 1, 2017, we now operate in four principal segments: Commercial Airplanes; Defense, Space & Security, Global Services and Boeing Capital. The prior period amounts have been reclassified to conform to the current period's presentation as set forth below.
Three months ended |
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(Dollars in millions) |
06/30/17 |
03/31/17 |
12/31/16 |
09/30/16 |
06/30/16 |
03/31/16 |
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Revenues: |
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Commercial Airplanes |
$13,817 |
$12,464 |
$14,382 |
$15,200 |
$15,643 |
$12,787 |
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Defense, Space & Security |
5,198 |
4,852 |
5,282 |
5,751 |
5,394 |
6,136 |
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Global Services |
3,564 |
3,506 |
3,417 |
3,506 |
3,581 |
3,421 |
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Boeing Capital |
72 |
92 |
87 |
63 |
84 |
64 |
||||||||||||
Unallocated items, eliminations and other |
88 |
62 |
118 |
(622) |
53 |
224 |
||||||||||||
Total revenues |
$22,739 |
$20,976 |
$23,286 |
$23,898 |
$24,755 |
$22,632 |
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Earnings from operations: |
||||||||||||||||||
Commercial Airplanes |
$1,274 |
$891 |
$1,191 |
$1,293 |
($1,281) |
$792 |
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Defense, Space & Security |
619 |
492 |
523 |
564 |
362 |
517 |
||||||||||||
Global Services |
564 |
569 |
568 |
524 |
539 |
546 |
||||||||||||
Boeing Capital |
25 |
39 |
23 |
13 |
18 |
5 |
||||||||||||
Segment operating profit/(loss) |
2,482 |
1,991 |
2,305 |
2,394 |
(362) |
1,860 |
||||||||||||
Unallocated items, eliminations and other |
53 |
33 |
(122) |
(112) |
(57) |
(72) |
||||||||||||
Earnings/(loss) from operations |
2,535 |
2,024 |
2,183 |
2,282 |
(419) |
1,788 |
||||||||||||
Other income/(loss), net |
27 |
22 |
(1) |
2 |
13 |
26 |
||||||||||||
Interest and debt expense |
(93) |
(87) |
(79) |
(81) |
(73) |
(73) |
||||||||||||
Earnings/(loss) before income taxes |
2,469 |
1,959 |
2,103 |
2,203 |
(479) |
1,741 |
||||||||||||
Income tax (expense)/benefit |
(708) |
(508) |
(472) |
76 |
245 |
(522) |
||||||||||||
Net earnings/(loss) |
$1,761 |
$1,451 |
$1,631 |
$2,279 |
($234) |
$1,219 |
||||||||||||
Research and development expense, net: |
||||||||||||||||||
Commercial Airplanes |
$592 |
$625 |
$554 |
$633 |
$1,860 |
$659 |
||||||||||||
Defense, Space & Security |
196 |
196 |
149 |
201 |
233 |
232 |
||||||||||||
Global Services |
35 |
28 |
27 |
41 |
47 |
38 |
||||||||||||
Other |
(10) |
(11) |
(4) |
(18) |
(13) |
(12) |
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Total research and development expense, net |
$813 |
$838 |
$726 |
$857 |
$2,127 |
$917 |