Boeing Reports Strong First-Quarter Results

 

The Boeing Company and Subsidiaries

Summary of Business Segment Data

(Unaudited)










Three months ended March 31

(Dollars in millions)

2015



2014


Revenues:




Commercial Airplanes


$15,381




$12,737


Defense, Space & Security:




Boeing Military Aircraft

2,744



3,455


Network & Space Systems

1,732



1,876


Global Services & Support

2,233



2,302


Total Defense, Space & Security

6,709



7,633


Boeing Capital

86



82


Unallocated items, eliminations and other

(27)



13


Total revenues


$22,149




$20,465


Earnings from operations:




Commercial Airplanes


$1,617




$1,502


Defense, Space & Security:




Boeing Military Aircraft

261



332


Network & Space Systems

167



168


Global Services & Support

315



278


Total Defense, Space & Security

743



778


Boeing Capital

20



44


Unallocated items, eliminations and other

(361)



(782)


Earnings from operations

2,019



1,542


Other (loss)/income, net

(12)



9


Interest and debt expense

(61)



(92)


Earnings before income taxes

1,946



1,459


Income tax expense

(610)



(494)


Net earnings


$1,336




$965






Research and development expense, net:




Commercial Airplanes


$543




$529


Defense, Space & Security

224



280


Other

2





Total research and development expense, net


$769




$809






Unallocated items, eliminations and other:




Share-based plans


($21)




($24)


Deferred compensation

(58)



7


Amortization of previously capitalized interest

(29)



(18)


Eliminations and other unallocated items

(140)



(194)


Sub-total (included in core operating earnings)


(248)




(229)


  Pension


(152)




(576)


  Postretirement


39




23


Total unallocated items, eliminations and other


($361)




($782)



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