Boeing 2014 Annual Report Download - page 87

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75
Rental expense for leased properties was $277, $287 and $276, for the years ended December 31, 2014,
2013 and 2012, respectively. At December 31, 2014, minimum rental payments under capital leases
aggregated $158. Minimum rental payments under operating leases with initial or remaining terms of one
year or more aggregated $1,486, net of sublease payments of $17 at December 31, 2014. Payments due
under operating and capital leases net of sublease amounts and non-cancellable future rentals during the
next five years are as follows:
2015 2016 2017 2018 2019
Minimum operating lease payments, net of sublease amounts $221 $203 $175 $146 $123
Minimum capital lease payments, net of sublease amounts 56 40 33 14 3
Accounts payable related to purchases of property, plant and equipment were $299 and $213 for the years
ended December 31, 2014 and 2013.
Note 9 – Investments
Our investments, which are recorded in Short-term and other investments or Investments, consisted of
the following at December 31:
2014 2013
Time deposits $1,295 $6,090
Pledged money market funds(1) 38 46
Available-for-sale investments 78
Equity method investments (2) 1,114 1,164
Restricted cash(3) 26 33
Other investments 33 33
Total $2,513 $7,374
(1) Reflects amounts pledged in lieu of letters of credit as collateral in support of our workers’ compensation
programs. These funds can become available within 30 days notice upon issuance of letters of credit.
(2) Dividends received were $293 and $226 during 2014 and 2013. Retained earnings at December 31,
2014 include undistributed earnings from our equity method investments of $158.
(3) Restricted to pay certain claims related to workers’ compensation and life insurance premiums for
certain employees.
Equity Method Investments
Our equity method investments consisted of the following as of December 31:
Segment
Ownership
Percentages Investment Balance
2014 2013
United Launch Alliance Network & Space Systems (N&SS) 50% $916 $970
Other Commercial Airplanes, N&SS and
Global Services & Support (GS&S) 198 194
Total equity method investments $1,114 $1,164