What is the primary reason for this 8-K filing?

This 8-K is filed to update and restate certain previously reported financial information to comply with new accounting standards and to facilitate incorporation by reference into future filings, such as a Form S-3 related to pension plan contributions.

What new accounting standard did Boeing adopt?

Boeing adopted a new accounting standard effective January 1, 2009, that requires noncontrolling interests to be presented separately as a component of shareholders' equity.

Were there any changes to Boeing's business segments?

Yes, certain programs were realigned between Boeing's Integrated Defense Systems segments. This required adjustments to the business segment data for the years 2008, 2007, and 2006.

Do these adjustments materially impact Boeing's overall financial performance or financial position reported in prior periods?

The filing indicates adjustments to financial statements and segment data for prior periods. While the specific quantitative impact isn't detailed in the 8-K text itself, the adjustments are necessary for accurate reporting and future filings. Investors should refer to Exhibit 99.1 for the precise financial impact of these changes.

BA/BA-PA 8-K SEC Disclosure

Summary

Boeing filed a Form 8-K on November 5, 2009, to disclose adjustments made to previously filed financial statements. These adjustments are primarily for the purpose of incorporation by reference into future registration statements, particularly for shares expected to be contributed to the company's U.S. pension plans. The adjustments impact prior year consolidated financial statements, including the statement of financial position and statements of shareholders' equity. The key changes involve the adoption of a new accounting standard requiring the separate presentation of noncontrolling interest as a component of shareholders' equity, effective January 1, 2009. Additionally, there was a realignment of certain programs between Boeing's Integrated Defense Systems segments, necessitating adjustments to business segment data for prior years. These changes are detailed in the attached Exhibit 99.1, which includes the adjusted financial statements and business segment data.

Key Highlights

1Boeing filed an 8-K to update previously reported financial statements.
2Adjustments are for incorporation by reference into future registration statements, including a Form S-3 for pension plan contributions.
3The company adopted a new accounting standard effective January 1, 2009, requiring separate presentation of noncontrolling interest within shareholders' equity.
4Prior year financial statements (2007, 2006) and segment data (2008, 2007, 2006) have been restated to reflect this new accounting standard.
5Certain programs were realigned within Boeing's Integrated Defense Systems segments.
6Business segment data for 2008, 2007, and 2006 were adjusted to reflect this program realignment.
7Exhibit 99.1 contains the detailed adjusted financial statements and business segment data.

BOEING CO 8-K Report, Corporate Update (Nov 5, 2009)

Summary

Key Highlights

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