Boeing 2008 Annual Report Download - page 92

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The contractual maturities of available-for-sale debt securities at December 31, 2008, were as follows:
Cost
Estimated
Fair Value
Due in 1 year or less $ 13 $ 11
Due from 1 to 5 years 141 131
Due from 5 to 10 years 5 4
Due after 10 years 298 206
$457 $352
Supplemental information about gross realized gains and losses on available-for-sale investment
securities for the years ended December 31, are as follows:
2008 2007 2006
Gains $46 $5 $56
Losses, including other than temporary impairments (107) (11) $(11)
Net $ (61) $ (6) $ 45
Held-To-Maturity Investments
Our investments in held-to-maturity securities consisted of commercial paper with maturities of less
than one year and are recorded at their amortized cost of $2,301 as of December 31, 2007, which
approximated their fair value.
Equity Method Investments
Our effective ownership percentages and balances of equity method investments consisted of the
following as of December 31:
Segment
Ownership
Percentages Investment Balance
2008 2007
United Launch Alliance Network and Space Systems 50% $1,006 $1,019
United Space Alliance Network and Space Systems 50% (197)(1) (70)(1)
Other Primarily Commercial
Airplanes and Global
Services & Support 133 136
Total Equity method
investments $ 942 $1,085
(1) Credit balances are a result of our proportionate share of the joint venture’s pension and
postretirement related adjustments which reduce the carrying value of the investment.
On December 1, 2006, we entered into a transaction with Lockheed Martin Corporation (Lockheed) to
create a 50/50 joint venture named United Launch Alliance L.L.C. (ULA). ULA combines the
production, engineering, test and launch operations associated with U.S. government launches of
Boeing Delta and Lockheed Atlas rockets. ULA conducted 7, 13 and one successful launches for the
years ended December 31, 2008, 2007 and 2006, respectively.
On July 24, 2007, we and Lockheed reached an agreement with respect to resolution of the final
working capital and the value of the launch vehicle support contracts that each party contributed to
ULA. Effective August 15, 2007, the parties received all necessary approvals pursuant to the terms of
the Consent Order with the U.S. Federal Trade Commission and the terms of the agreement,
78