Boeing 2012 Annual Report Download - page 89

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77
Note 10 – Investments
Our investments, which are recorded in Short-term and other investments or Investments, consisted of
the following at December 31:
2012 2011
Time deposits $3,135 $1,134
Pledged money market funds(1) 56 56
Available-for-sale investments 910
Equity method investments (2) 1,137 1,003
Restricted cash(3) 25 31
Other investments 35 32
Total $4,397 $2,266
(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 replacement
letters of credit.
(2) Dividends received were $341 and $239 during 2012 and 2011.
(3) Restricted to pay group term life insurance premiums for certain employees and certain claims related
to workers’ compensation.
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
2012 2011
United Launch Alliance Network & Space Systems 50% $946 $983
United Space Alliance Network & Space Systems 50% 28
(1
)(147) (2)
Other Primarily Commercial
Airplanes 163 167
Total Equity method investments $1,137 $1,003
(1) The positive balance at December 31, 2012 reflects the termination and settlement of the defined
benefit pension plans during the third quarter of 2012.
(2) The credit balance in 2011 was a result of our proportionate share of the joint venture’s pension and
postretirement related adjustments which reduced the carrying value of the investment.
Note 11 – Other Assets
Sea Launch
At December 31, 2012 and 2011, Other assets included $356 of receivables related to our former investment
in the Sea Launch venture which became payable by certain Sea Launch partners following Sea Launch’s
bankruptcy filing in June 2009. The $356 includes $147 related to a payment made by us under a bank
guarantee on behalf of Sea Launch and $209 related to loans (partner loans) we made to Sea Launch.
The net amounts owed to Boeing by each of the partners are as follows; S.P. Koroley Rocket and Space