Boeing 2010 Annual Report Download - page 86

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Commercial aircraft programs inventory included $319 and $510 of deferred production cost, and $170
and $211 of unamortized tooling for the 777 program, at December 31, 2010 and 2009.
Commercial aircraft program inventory included amounts credited in cash or other consideration (early
issue sales consideration), to airline customers totaling $1,970 and $1,577 at December 31, 2010 and
2009.
As a normal course of our Commercial Airplanes segment production process, our inventory may
include a small quantity of airplanes that are completed but unsold. As of December 31, 2010 and
2009, the value of completed but unsold aircraft in inventory was insignificant.
Note 8 – Customer Financing
Customer financing at December 31 consisted of the following:
2010 2009
Financing receivables
Investment in sales-type/finance leases $2,272 $2,391
Notes 480 1,008
Operating lease equipment, at cost, less accumulated depreciation of $847 and
$784 2,281 2,737
Gross customer financing $5,033 $6,136
Less allowance for losses on receivables (353) (302)
Total $4,680 $5,834
The components of investment in sales-type/finance leases at December 31 were as follows:
2010 2009
Minimum lease payments receivable $ 2,879 $ 3,147
Estimated residual value of leased assets 619 677
Unearned income (1,226) (1,433)
Total $ 2,272 $ 2,391
Operating lease equipment primarily includes jet and commuter aircraft. At December 31, 2010 and
2009, operating lease equipment included $583 and $385 of equipment available for sale or re-lease.
At December 31, 2010 and 2009, we had firm lease commitments for $28 and $345 of this equipment.
When our Commercial Airplanes segment is unable to immediately sell used aircraft, it may place the
aircraft under an operating lease. It may also provide customer financing with a note receivable. The
carrying amount of the Commercial Airplanes segment used aircraft under operating leases and notes
receivable included as a component of customer financing totaled $167 and $203 as of December 31,
2010 and 2009.
Financing receivable balances evaluated for impairment are as follows:
2010 2009
Individually evaluated for impairment $99$ 270
Collectively evaluated for impairment 2,653 3,129
Total financing receivables $2,752 $3,399
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