The Boeing Company (BA) is one of the world’s major aerospace firms with operations involving commercial aircraft, military aircraft, missiles, satellite systems, and information and battle management systems. As of a recent year, Boeing had $1,121 million of receivables involving U.S. government contracts, $2,189 million of receivables from its Global Services and Defense, Space and Security segments, and $29 million of receivables involving commercial aircraft customers, such as Delta Air Lines (DAL) and United Airlines (UAL).
Should Boeing report these receivables separately in the financial statements or combine them into one overall accounts receivable amount?
Since the accounts receivable from the United States government
significantly different from receivables from commercial aircraft carriers such as Delta and United, Boeing
report these receivables separately in the financial statements.