Inventories
Inventories at December 31 consisted of the following: |
| | | | | | | |
| 2013 |
| | 2012 |
|
Long-term contracts in progress |
| $12,608 |
| |
| $15,130 |
|
Commercial aircraft programs | 48,065 |
| | 40,389 |
|
Commercial spare parts, used aircraft, general stock materials and other | 7,793 |
| | 7,206 |
|
Inventory before advances and progress billings | 68,466 |
| | 62,725 |
|
Less advances and progress billings | (25,554 | ) | | (24,974 | ) |
Total |
| $42,912 |
| |
| $37,751 |
|
Long-Term Contracts in Progress
Long-term contracts in progress includes Delta launch program inventory that is being sold at cost to United Launch Alliance (ULA) under an inventory supply agreement that terminates on March 31, 2021. At December 31, 2013 and 2012, the inventory balance, net of advances, was $425 and $725. At December 31, 2013, $346 of this inventory related to unsold launches. See Note 12.
Inventory balances included $0 and $237 subject to claims or other uncertainties relating to the A-12 program at December 31, 2013 and 2012. See Note 20.
Capitalized precontract costs of $520 and $238 at December 31, 2013 and 2012, are included in inventories.
Commercial Aircraft Programs
At December 31, 2013 and 2012, commercial aircraft programs inventory included the following amounts related to the 787 program: $27,576 and $21,289 of work in process (including deferred production costs of $21,620 and $15,929), $2,189 and $1,908 of supplier advances, and $3,377 and $2,339 of unamortized tooling and other non-recurring costs. At December 31, 2013, $16,882 of 787 deferred production costs, unamortized tooling and other non-recurring costs are expected to be recovered from units included in the program accounting quantity that have firm orders and $8,115 is expected to be recovered from units included in the program accounting quantity that represent expected future orders.
At December 31, 2013 and 2012, commercial aircraft programs inventory included the following amounts related to the 747 program: $1,554 and $1,292 of deferred production costs, net of previously recorded reach-forward losses, and $563 and $683 of unamortized tooling costs. At December 31, 2013, $1,163 of 747 deferred production costs and unamortized tooling are expected to be recovered from units included in the program accounting quantity that have firm orders and $954 is expected to be recovered from units included in the program accounting quantity that represent expected future orders.
Commercial aircraft programs inventory included amounts credited in cash or other consideration (early issue sales consideration) to airline customers totaling $3,465 and $2,989 at December 31, 2013 and 2012.
