Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

Boeing Co., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net loss	(11,829)	(2,242)	(5,053)	(4,290)	(11,941)
Currency translation adjustments	(44)	33)	(62)	(75)	98)
Unrealized gain (loss) on certain investments, net of tax	—)	2)	(1)	—)	—)
Unrealized gain (loss) arising during period, net of tax	(258)	41)	(40)	55)	14)
Reclassification adjustment for (gain) loss included in net earnings, net of tax	35)	(5)	10)	(6)	27)
Unrealized gain (loss) on derivative instruments, net of tax	(223)	36)	(30)	49)	41)
Net actuarial gain (loss) arising during the period, net of tax	(225)	(722)	1,533)	4,262)	(1,956)
Amortization of actuarial (gain) loss included in net periodic pension cost, net of tax	105)	(2)	791)	1,155)	917)
Settlement (gain) loss included in net periodic cost, net of tax	—)	—)	(4)	191)	5)
Amortization of prior service cost (credits) included in net periodic pension cost, net of tax	(92)	(102)	(114)	(114)	(112)
Prior service cost (credits) arising during the period, net of tax	(140)	—)	(1)	—)	27)
Pension and postretirement (cost) benefit related to equity method investments, net of tax	9)	—)	(3)	6)	—)
Defined benefit pension plans & other postretirement benefits, net of tax	(343)	(826)	2,202)	5,500)	(1,119)
Other comprehensive income (loss), net of tax	(610)	(755)	2,109)	5,474)	(980)
Comprehensive income (loss)	(12,439)	(2,997)	(2,944)	1,184)	(12,921)
Comprehensive loss attributable to noncontrolling interest	12)	20)	118)	88)	68)
Comprehensive income (loss) attributable to Boeing Shareholders	(12,427)	(2,977)	(2,826)	1,272)	(12,853)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

The financial data reveals notable fluctuations and trends over the five-year period, with particular emphasis on net loss and comprehensive income metrics.

Net Loss: The net loss demonstrates significant variability. In 2020, the company reported a substantial loss of approximately $11.94 billion, which decreased sharply to about $4.29 billion in 2021. However, this improvement was short-lived as net loss increased again in 2022 to roughly $5.05 billion, followed by a decline to $2.24 billion in 2023. The net loss surged markedly in 2024 to nearly $11.83 billion, returning to levels comparable with 2020.
Currency Translation Adjustments: Currency translation adjustments remained relatively small and fluctuated near zero, with minor gains and losses across the periods. Positive adjustments occurred in 2020 and 2023, while losses were recorded in 2021, 2022, and 2024, indicating currency-related impacts were present but limited in magnitude.
Unrealized Gains and Losses: Unrealized gains or losses on certain investments and derivative instruments exhibited considerable instability. Notably, unrealized gain (loss) arising during the period (net of tax) showed positive values in 2020, 2021, and 2023 but dropped sharply in 2022 and drastically in 2024, with -$40 million and -$258 million respectively. Unrealized gains (losses) on derivative instruments followed a similar pattern, with gains in earlier years turning into significant losses by 2024.
Actuarial Gains and Losses: Net actuarial gains and losses also showed pronounced volatility. After a sizeable negative impact in 2020 (-$1.96 billion), the figure improved substantially to a large gain in 2021 ($4.26 billion), declined but remained positive in 2022 ($1.53 billion), then reverted to losses in 2023 and 2024 (-$0.72 billion and -$0.23 billion respectively). This swing in actuarial experience indicates changes in pension and postretirement assumptions or market conditions over time.
Amortization of Actuarial Gains or Losses: This component decreased slightly from $917 million in 2020 to $791 million in 2022, turning negligible in 2023, and recovering to $105 million in 2024. This suggests a reduction in the amortized portion of pension cost volatility during the middle years before some resurgence in the last year.
Prior Service Cost and Settlements: Amortization of prior service costs remained relatively steady, gradually reducing from -$112 million in 2020 to -$92 million in 2024. One-off or irregular entries such as settlement gains/losses were minimal and inconsistent across the years.
Defined Benefit Pension Plans and Postretirement Benefits, Net of Tax: This category exhibited large positive figures in 2021 and 2022 ($5.5 billion and $2.2 billion respectively), which contrasts with negative values in the initial and later years, suggesting changes in pension obligations or plan valuations significantly affected comprehensive income during these periods.
Other Comprehensive Income (Loss), Net of Tax: The overall other comprehensive income/loss mirrored trends in actuarial and unrealized gains/losses, with a large negative loss in 2020 (-$980 million), considerable gains in 2021 and 2022, and negative amounts again in 2023 and 2024, reinforcing the influence of pension-related and investment valuation adjustments on comprehensive results.
Comprehensive Income (Loss): Comprehensive income/loss follows a pattern similar to net loss but shows positive comprehensive income only in 2021 ($1.18 billion). Other years reflect comprehensive losses, with the most significant losses occurring in 2020 (-$12.92 billion) and 2024 (-$12.44 billion). Comprehensive income (loss) attributable to shareholders tracks closely with the total comprehensive amounts, indicating the majority of comprehensive income or loss is borne by shareholders rather than noncontrolling interests.
Comprehensive Loss Attributable to Noncontrolling Interest: This component remained relatively small and stable, ranging from $12 million to $118 million in comprehensive loss, suggesting limited impact on overall financial results from noncontrolling interests.

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Boeing Co. (NYSE:BA)

Statement of Comprehensive Income