Boeing 2008 Annual Report Download - page 100

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Debt at December 31 consisted of the following:
2008 2007
Boeing Capital Corporation debt:
Unsecured debt securities
2.410% – 7.580% due through 2023 $3,516 $4,170
Non-recourse debt and notes
3.010% – 5.790% notes due through 2013 66 71
Capital lease obligations
2.580% due through 2015 70 86
Subtotal Boeing Capital Corporation debt $3,652 $4,327
Other Boeing debt:
Non-recourse debt and notes
Enhanced equipment trust $ 380 $ 405
Unsecured debentures and notes
350, 9.750% due Apr. 1, 2012 349 349
600, 5.125% due Feb. 15, 2013 598 598
400, 8.750% due Aug. 15, 2021 398 398
300, 7.950% due Aug. 15, 2024
(puttable at holder’s option on Aug. 15, 2012) 300 300
250, 7.250% due Jun. 15, 2025 248 248
250, 8.750% due Sep. 15, 2031 249 249
175, 8.625% due Nov. 15, 2031 173 173
400, 6.125% due Feb. 15, 2033 393 393
300, 6.625% due Feb. 15, 2038 300 300
100, 7.500% due Aug. 15, 2042 100 100
175, 7.875% due Apr. 15, 2043 173 173
125, 6.875% due Oct. 15, 2043 125 125
Capital lease obligations due through 2017 12
Other notes 73 77
Subtotal other Boeing debt $3,860 $3,890
Total debt $7,512 $8,217
At December 31, 2008, $136 of BCC debt was collateralized by portfolio assets and underlying
equipment totaling $213. The debt consists of the 2.58% to 5.79% notes due through 2015.
Maturities of long-term debt for the next five years are as follows:
2009 2010 2011 2012 2013
BCC $528 $645 $798 $ 878 $ 652
Other Boeing 32 37 73 363 623
$560 $682 $871 $1,241 $1,275
Note 14 – Postretirement Plans
We have various pension plans covering substantially all employees. We fund all our major pension
plans through trusts. Pension assets are placed in trust solely for the benefit of the plans’ participants,
and are structured to maintain liquidity that is sufficient to pay benefit obligations as well as to keep
pace over the long term with the growth of obligations for future benefit payments.
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