Boeing 2014 Annual Report Download - page 86
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74
Our customer financing portfolio is primarily collateralized by out-of-production 717, 757 and MD-80 aircraft.
The majority of customer financing carrying values are concentrated in the following aircraft models at
December 31:
2014 2013
717 Aircraft ($421 and $444 accounted for as operating leases) $1,562 $1,674
747 Aircraft ($601 and $183 accounted for as operating leases) 601 286
757 Aircraft ($349 and $402 accounted for as operating leases) 370 453
MD-80 Aircraft (Accounted for as sales-type finance leases) 358 411
767 Aircraft ($47 and $60 accounted for as operating leases) 158 207
737 Aircraft ($127 and $138 accounted for as operating leases) 156 210
MD-11 Aircraft (Accounted for as operating leases) 114 220
787 Aircraft (Accounted for as operating leases) 273
Charges related to customer financing asset impairment for the years ended December 31 were as follows:
2014 2013 2012
Boeing Capital $139 $67 $73
Other Boeing 45 14 (15)
Total $184 $81 $58
Scheduled receipts on customer financing are as follows:
Year 2015 2016 2017 2018 2019
Beyond
2019
Principal payments on notes receivable $55 $41 $42 $120 $69 $43
Sales-type/finance lease payments receivable 228 225 206 195 182 439
Operating lease equipment payments receivable 505 130 92 70 54 143
Note 8 – Property, Plant and Equipment
Property, plant and equipment at December 31 consisted of the following:
2014 2013
Land $560 $562
Buildings and land improvements 11,767 11,068
Machinery and equipment 12,867 12,376
Construction in progress 1,502 1,288
Gross property, plant and equipment 26,696 25,294
Less accumulated depreciation (15,689) (15,070)
Total $11,007 $10,224
Depreciation expense was $1,414, $1,338 and $1,248 for the years ended December 31, 2014, 2013 and
2012, respectively. Interest capitalized during the years ended December 31, 2014, 2013 and 2012 totaled
$102, $87 and $74, respectively.