Boeing 2012 Annual Report Download - page 83
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71
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
2012 2011 2010
Unrecognized tax benefits – January 1 $939 $1,198 $1,787
Gross increases – tax positions in prior periods 55 154 95
Gross decreases – tax positions in prior periods (20) (383) (465)
Gross increases – current-period tax positions 83 28 76
Gross decreases – current-period tax positions (1) (15) (40)
Settlements (1) (42) (254)
Lapse of statute of limitations (1) (1)
Unrecognized tax benefits – December 31 $1,055 $939 $1,198
As of December 31, 2012, 2011 and 2010, the total amount of unrecognized tax benefits was $1,055,
$939, and $1,198 of which $945, $838, and $1,074 would affect the effective tax rate, if recognized. As of
December 31, 2011, these amounts are primarily associated with U.S. federal tax issues such as the
amount of research and development tax credits claimed, the domestic production activities deductions
claimed, and U.S. taxation of foreign earnings. Also included in these amounts are accruals for domestic
state tax issues such as the allocation of income among various state tax jurisdictions and the amount of
state tax credits claimed.
Note 6 – Accounts Receivable
Accounts receivable at December 31 consisted of the following:
2012 2011
U.S. government contracts $2,788 $2,950
Defense, Space & Security customers (1) 1,196 1,100
Commercial Airplanes customers 903 827
Reinsurance receivables 509 585
Other 294 384
Less valuation allowance (82) (53)
Total $5,608 $5,793
(1) Excludes U.S. government contracts
The following table summarizes our accounts receivable under long-term contracts that were not billable
or related to outstanding claims as of December 31:
Unbillable Claims
2012 2011 2012 2011
Current $1,316 $1,174 $26 $49
Expected to be collected after one year 730 498 63 209
Total $2,046 $1,672 $89 $258