Boeing 2012 Annual Report Download - page 88

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76
Scheduled receipts on customer financing are as follows:
Year 2013 2014 2015 2016 2017
Beyond
2017
Principal payments on notes receivable $194 $101 $57 $41 $42 $157
Sales-type/finance lease payments receivable 290 231 230 226 207 803
Operating lease equipment payments receivable 474 172 162 97 55 104
Note 9 – Property, Plant and Equipment
Property, plant and equipment at December 31 consisted of the following:
2012 2011
Land $531 $526
Buildings and land improvements 10,696 10,285
Machinery and equipment 11,847 11,353
Construction in progress 1,231 1,142
Gross property, plant and equipment 24,305 23,306
Less accumulated depreciation (14,645) (13,993)
Total $9,660 $9,313
Depreciation expense was $1,248, $1,119 and $1,096 for the years ended December 31, 2012, 2011 and
2010, respectively. Interest capitalized during the years ended December 31, 2012, 2011 and 2010 totaled
$74, $57 and $48, respectively.
Rental expense for leased properties was $276, $270 and $269, for the years ended December 31, 2012,
2011 and 2010, respectively. At December 31, 2012, minimum rental payments under capital leases
aggregated $152. Minimum rental payments under operating leases with initial or remaining terms of one
year or more aggregated $1,386, net of sublease payments of $18 at December 31, 2012. Payments due
under operating and capital leases net of sublease amounts, and non-cancellable future rentals during
the next five years are as follows:
2013 2014 2015 2016 2017
Minimum operating lease payments, net of sublease amounts $212 $192 $135 $111 $94
Minimum capital lease payments, net of sublease amounts 92 40 16 3 1
Accounts payable related to purchases of property, plant and equipment were $234 and $200 for the years
ended December 31, 2012 and 2011.