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71
requests for restructuring and filings for bankruptcy. Unbillable receivables related to commercial customers
expected to be collected after one year were $172 and $179 at December 31, 2014 and 2013. Accounts
receivable related to claims are items that we believe are earned, but are subject to uncertainty concerning
their determination or ultimate realization.
Accounts receivable as of December 31, 2014, includes $112 of unbillable receivables on a long-term
contract with LightSquared, LP (LightSquared) related to the construction of two commercial satellites.
One of the satellites has been delivered, and the other is substantially complete but remains in Boeing’s
possession. On May 14, 2012, LightSquared filed for Chapter 11 bankruptcy protection. We believe that
our rights in the second satellite and related ground-segment assets are sufficient to protect the value of
our receivables in the event LightSquared fails to make payments as contractually required or rejects its
contract with us. Given the uncertainties inherent in bankruptcy proceedings, it is reasonably possible that
we could incur losses related to these receivables in connection with the LightSquared bankruptcy.
Accounts receivable, other than those described above, expected to be collected after one year are not
material.
Note 6 – Inventories
Inventories at December 31 consisted of the following:
2014 2013
Long-term contracts in progress $13,381 $12,608
Commercial aircraft programs 55,220 48,065
Commercial spare parts, used aircraft, general stock materials and other 7,421 7,793
Inventory before advances and progress billings 76,022 68,466
Less advances and progress billings (29,266) (25,554)
Total $46,756 $42,912
Long-Term Contracts in Progress
Long-term contracts in progress includes Delta launch program inventory that is being sold at cost to United
Launch Alliance (ULA) under an inventory supply agreement that terminates on March 31, 2021. At
December 31, 2014 and 2013, the inventory balance was $154 (net of advances of $322) and $425 (net
of advances of $331). At December 31, 2014, $292 of this inventory related to unsold launches. See Note
12.
Capitalized precontract costs of $1,281 and $520 at December 31, 2014 and 2013 are included in
inventories. See C-17 in Note 11.
Commercial Aircraft Programs
At December 31, 2014 and 2013, commercial aircraft programs inventory included the following amounts
related to the 787 program: $33,163 and $27,576 of work in process (including deferred production costs
of $26,149 and $21,620), $2,257 and $2,189 of supplier advances, and $3,801 and $3,377 of unamortized
tooling and other non-recurring costs. At December 31, 2014, $20,982 of 787 deferred production costs,
unamortized tooling and other non-recurring costs are expected to be recovered from units included in the
program accounting quantity that have firm orders and $8,968 is expected to be recovered from units
included in the program accounting quantity that represent expected future orders.
At December 31, 2014 and 2013, commercial aircraft programs inventory included the following amounts
related to the 747 program: $1,741 and $1,554 of deferred production costs, net of previously recorded