Boeing 2015 Annual Report Download - page 94

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78
Boeing’s favor on all claims against the other partners. Further proceedings will determine the final damage
amount, including potential interest payments. If the partners decide to appeal or seek reconsideration of
the district court’s ruling additional proceedings would ensue. Prior to these proceedings, we had filed a
Notice of Arbitration with the Stockholm Chamber of Commerce seeking reimbursement from the other
partners for a portion of these amounts. In 2010, the arbitrator ruled that the Stockholm Chamber of
Commerce lacked jurisdiction to hear the matter, which ruling has been on appeal in the Swedish appellate
courts since mid-2014. During the fourth quarter of 2015, the Supreme Court of Sweden confirmed our
right to pursue this appeal in the Swedish appellate courts. We believe the partners have the financial
wherewithal to pay and intend to pursue vigorously all of our rights and remedies. In the event we are
unable to secure reimbursement of $147 related to our payment under the bank guarantee and $209
related to partner loans made to Sea Launch, we could incur additional charges. Our current assessment
as to the collectability of these receivables takes into account the current economic conditions in Russia
and Ukraine, although we will continue to monitor the situation.
Spirit AeroSystems
As of December 31, 2015, Other assets included $140 of receivables related to an indemnification from
Spirit AeroSystems, Inc. (Spirit), for costs incurred related to pension and retiree medical obligations of
former Boeing employees that were subsequently employed by Spirit. During the fourth quarter of 2014,
Boeing filed a complaint against Spirit in Delaware Superior Court seeking to enforce our rights to
indemnification and to recover from Spirit amounts incurred by Boeing for pension and retiree medical
obligations. We expect to fully recover from Spirit and do not expect to incur any losses.
Note 11 – Liabilities, Commitments and Contingencies
Accrued Liabilities
Accrued liabilities at December 31 consisted of the following:
2015 2014
Accrued compensation and employee benefit costs $5,624 $5,868
Environmental 566 601
Product warranties 1,485 1,504
Forward loss recognition 757 414
Dividends payable 721 637
Income Taxes Payable 262 119
Other 4,599 4,319
Total $14,014 $13,462
Environmental
The following table summarizes environmental remediation activity during the years ended December 31,
2015 and 2014.
2015 2014
Beginning balance – January 1 $601 $649
Reductions for payments made (78) (89)
Changes in estimates 43 41
Ending balance – December 31 $566 $601