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Revenue from Contracts with Customers

12 Months Ended

Dec. 31, 2024

30.	REVENUE FROM CONTRACTS WITH CUSTOMERS

See accounting policy in Note 2.3.16.

30.1 Revenue disaggregation by category and geographic region


12.31.2024
	North America		Latin America, except Brazil		Asia Pacific		Brazil		Europe		Others		Total
Aircraft		2,942.5		132.0		64.3		197.2		639.5		27.5		4,003.0
Long-term contracts - aircraft and development		—		79.4		59.3		154.8		357.9		9.8		661.2
Others		2.5		—		—		23.0		18.0		—		43.5
Service		582.7		50.0		102.3		109.6		324.4		60.2		1,229.2
Spare Parts		253.5		5.8		30.3		46.8		97.7		23.7		457.8

Total		3,781.2		267.2		256.2		531.4		1,437.5		121.2		6,394.7


12.31.2023
	North America		Latin America, except Brazil		Asia Pacific		Brazil		Europe		Others		Total
Aircraft		2,539.6		53.6		20.2		130.6		529.0		27.2		3,300.2
Long-term contracts - aircraft and development		0.8		—		67.1		123.4		266.0		—		457.3
Others		4.2		—		—		5.2		21.7		—		31.1
Service		487.7		34.1		94.0		128.7		220.6		56.5		1,021.6
Spare Parts		250.0		10.5		23.2		65.8		93.4		15.4		458.3

Total		3,282.3		98.2		204.5		453.7		1,130.7		99.1		5,268.5


12.31.2022
	North America		Latin America, except Brazil		Asia Pacific		Brazil		Europe		Others		Total
Aircraft		2,150.8		20.2		—		114.5		474.3		82.3		2,842.1
Long-term contracts - aircraft and development		—		—		—		163.2		148.9		0.3		312.4
Others		1.4		—		—		8.9		1.7		—		12.0
Service		428.8		24.6		81.2		158.4		193.6		46.2		932.8
Spare Parts		276.7		8.2		19.7		60.2		65.9		10.4		441.1

Total		2,857.7		53.0		100.9		505.2		884.4		139.2		4,540.4

30.2 Contract assets and liabilities


	Note		12.31.2024		12.31.2023
Contract Assets - Third Parties				360.9		196.7
Contract assets - Related parties		13		263.2		314.8

Contract assets				624.1		511.5

Current				622.7		509.1
Non-current				1.4		2.4

Contract assets

– US$ 231.8 included in the contract assets as of December 31, 2023, were billed and collected in

2024

As of December 31, 2024 the expected credit loss recognized on contract assets amounts to US$ 4.2 (2023: US$ 2.7).


	Note		12.31.2024		12.31.2023
Advances from customers - Aircraft and Defense long-term contracts				2,999.4		2,252.8
Advances from customers - Related parties		13		65.5		84.6
Deferred revenue with multiple elements				219.7		203.5

Contract liabilities				3,284.6		2,540.9

Current				2,563.4		1,919.0
Non-current				721.2		621.9

Contract liabilities

– Out of the total balances of contract liabilities as of December 31, 2023, US$ 1,851.8 were recognized as revenues in 2024.

30.3 Performance obligations

The Company has a portfolio of firm orders (“Backlog”), whose performance obligations are unsatisfied or partially satisfied.

As of December 31, 2024, the amount of revenue allocated to performance obligations unsatisfied or partially satisfied was US$ 26.3 billion (2023: US$ 18.7 billion). According to the Company’s estimate, US$ 23.3 billion is expected to be satisfied within the next 5 years (2023: US$ 17.2 billion).