Spirit of Goodwill

Accounting
Data visualization
Boeing
Goodwill
Author

Ian D. Gow

Published

4 September 2026

Originally shared on LinkedIn.

Download the PDF.

Very nice article by Jonathan Weil, but I feel the included chart doesn’t do a good job of conveying the relationships between the numbers. Using AI (it needed a good deal of coaxing), I made a (hopefully) better version.

The chart below is an updated version, drawn with Matplotlib.

Two waterfall charts of Boeing's preliminary purchase price allocation for Spirit AeroSystems. For December 31, 2025, identifiable assets of 4.99 less liabilities of 6.62 give net liabilities of 1.63; consideration of 8.37 implies goodwill of 10.00. For June 30, 2026, identifiable assets of 5.12 less liabilities of 7.01 give net liabilities of 1.89; consideration of 8.39 implies goodwill of 10.28. All amounts are US dollars in billions, rounded independently from the reported millions.

Purchase price allocation for Spirit AeroSystems ($ billions).

Source: Boeing’s second-quarter 2026 Form 10-Q, Note 2. The figures for 2025 also agree with Note 2 of Boeing’s 2025 Form 10-K.

View the chart at full size.