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Earnings Per Share
 6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Earnings Per Share [Abstract]    
Earnings Per Share
Note 3 – Earnings Per Share
Basic and diluted earnings per share are computed using the
two-class
method, which is an earnings allocation method that determines earnings per share for common shares and participating securities. The undistributed earnings are allocated between common shares and participating securities as if all earnings had been distributed during the period. Participating securities and common shares have equal rights to undistributed earnings.
Basic earnings per share is calculated by taking net earnings attributable to Boeing Shareholders, less earnings available to participating securities, divided by the basic weighted average common shares outstanding.
Diluted earnings per share is calculated by taking net earnings attributable to Boeing Shareholders, less earnings available to participating securities, divided by the diluted weighted average common shares outstanding. Diluted weighted average common shares outstanding is calculated using the treasury stock method.
The elements used in the computation of Basic and Diluted loss per share were as follows:
 
(In millions – except per share amounts)
   
Six months ended
June 30
     
Three months ended
June 30
  
    
2024
      2023     
2024
      2023  
Net loss attributable to Boeing Shareholders
   
($
1,782
) 
    ($ 563 )    
($
1,439
) 
    ($ 149 ) 
Less: earnings available to participating securities
            
  
 
 
     
 
 
     
 
 
     
 
 
  
Net loss available to common shareholders
   
($
1,782
) 
    ($ 563 )    
($
1,439
) 
    ($ 149 ) 
  
 
 
     
 
 
     
 
 
     
 
 
  
Basic
            
Basic weighted average shares outstanding
   
 
614.8
 
      603.9     
 
616.6
 
      605.5  
Less: participating securities
(1)
   
 
0.3
 
      0.3     
 
0.3
 
      0.3  
  
 
 
     
 
 
     
 
 
     
 
 
  
Basic weighted average common shares outstanding
   
 
614.5
 
      603.6     
 
616.3
 
      605.2  
  
 
 
     
 
 
     
 
 
     
 
 
  
Diluted
            
Diluted weighted average shares outstanding
   
 
614.8
 
      603.9     
 
616.6
 
      605.5  
Less: participating securities
(1)
   
 
0.3
 
      0.3     
 
0.3
 
      0.3  
  
 
 
     
 
 
     
 
 
     
 
 
  
Diluted weighted average common shares outstanding
   
 
614.5
 
      603.6     
 
616.3
 
      605.2  
  
 
 
     
 
 
     
 
 
     
 
 
  
Net loss per share:
            
Basic
   
($
2.90
) 
    ($ 0.93 )    
($
2.33
) 
    ($ 0.25 ) 
Diluted
   
 
(2.90
) 
      (0.93 )    
 
(2.33
) 
      (0.25 ) 
  
 
 
     
 
 
     
 
 
     
 
 
  
 
(1)
Participating securities include certain instruments in our deferred compensation plan.
The following table represents potential common shares that were not included in the computation of Diluted loss per share because the effect was antidilutive based on their strike price or the performance condition was not met.
 
(Shares in millions)
   
Six months ended
June 30
     
Three months ended
June 30
  
    
2024
      2023     
2024
      2023  
Performance restricted stock units
   
 
0.6
 
      
 
0.7
 
   
Restricted stock units
   
 
1.0
 
      
 
2.0
 
   
Stock options
   
 
0.8
 
      0.8     
 
0.8
 
      0.8  
  
 
 
     
 
 
     
 
 
     
 
 
  
 
In addition, potential common shares of 2.9 million and 5.4 million for the six months ended June 30, 2024 and 2023 and 2.7 million and 5.5 million for the three months ended June 30, 2024 and 2023 were excluded from the computation of Diluted loss per share, because the effect would have been antidilutive as a result of incurring a net loss in those periods.
Note 3 – Earnings Per Share
Basic and diluted earnings per share are computed using the
two-class
method, which is an earnings allocation method that determines earnings per share for common shares and participating securities.
 
The undistributed earnings are allocated between common shares and participating securities as if all earnings had been distributed during the period. Participating securities and common shares have equal rights to undistributed earnings.
Basic earnings per share is calculated by taking net earnings attributable to Boeing Shareholders, less earnings available to participating securities, divided by the basic weighted average common shares outstanding.
Diluted earnings per share is calculated by taking net earnings attributable to Boeing Shareholders, less earnings available to participating securities, divided by the diluted weighted average common shares outstanding. Diluted weighted average common shares outstanding is calculated using the treasury stock method.
The elements used in the computation of basic and diluted earnings per share were as follows:
 
(In millions – except per share amounts)
                     
Years ended December 31,
   
2023
      2022      2021  
Net loss attributable to Boeing Shareholders
   
($
2,222
) 
    ($ 4,935 )     ($ 4,202 ) 
Less: earnings available to participating securities
         
  
 
 
     
 
 
     
 
 
  
Net loss available to common shareholders
   
($
2,222
) 
    ($ 4,935 )     ($ 4,202 ) 
  
 
 
     
 
 
     
 
 
  
Basic
         
Basic weighted average shares outstanding
   
 
606.1
 
      595.2      588.0
Less: participating securities(1)
   
 
0.3
 
      0.3      0.4
Basic weighted average common shares outstanding
   
 
605.8
 
      594.9      587.6
  
 
 
     
 
 
     
 
 
  
Diluted
         
Diluted weighted average shares outstanding
   
 
606.1
 
      595.2      588.0
Less: participating securities(1)
   
 
0.3
 
      0.3      0.4
  
 
 
     
 
 
     
 
 
  
Diluted weighted average common shares outstanding
   
 
605.8
 
      594.9      587.6
  
 
 
     
 
 
     
 
 
  
Net loss per share:
         
Basic
   
($
3.67
) 
    ($ 8.30 )     ($ 7.15 ) 
Diluted
   
 
(3.67
) 
      (8.30 )       (7.15 ) 
  
 
 
     
 
 
     
 
 
  
 
(1)
Participating securities include certain instruments in our deferred compensation plan.
The following table represents potential common shares that were not included in the computation of Diluted loss per share because the effect was antidilutive based on their strike price or the performance condition was not met.
 
(Shares in millions)
                     
Years ended December 31,
   
2023
      2022      2021  
Performance awards
            2.9
Performance-based restricted stock units
         0.4      0.8
Restricted stock units
         1.0      0.4
Stock options
   
 
0.8
 
      0.8      0.3
  
 
 
     
 
 
     
 
 
  
 
In addition, potential common shares of 5.7 million, 3.5 million, and 2.6 million for the years ended December 31, 2023, 2022 and 2021 were excluded from the computation of Diluted loss per share, because the effect would have been antidilutive as a result of incurring a net loss in those periods.