everyone. Great. morning, Dave, Thanks, and good
turn please to X. Slide Let's
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for third quarter our let's X Slide turn with So to results. that,
XXX financial be grounding. COVID-XX impacted to MAX the by continue significantly results and Our
deliveries of to lower revenue and costs commercial severance quarter Third primarily, and Commercial quarter XXX for the were $XX.X COVID-XX. impacted reflects for BCA charges again, billion services costs related by volume, program due also Earnings the to Airplane abnormal in provision the to the related losses. leaving additional carryback as by Act the an the offset well income the approximate tax through impact were NOL of end in pretax X,XXX company 'XX. CARES the as partially of benefit impacts These employees
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billion the of balance agreements $X remaining liability billion. have approximately covering $X.X of We settlement
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our We rates downside risk forward. will going continue to of the assess production
move now to Slide Security Let's Defense, & X. Space on
by offset partially derivative reflecting decreased Third award $X.X timing, slightly aircraft quarter to volume. higher fighter revenue billion,
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discuss move our we'll Slide XX, to now position. liquidity Let's and
and capital and $XX.X to daily cash bank of our undrawn our credit strong markets. continuing to assess billion billion our assess continue our marketable with We remains which liquidity, access securities through the cash the quarter sheet $X.X to and We liquidity third as balance on well this including proactively facility, challenging as manage ended time.
Our our debt we pandemic, work debt seek balance this impacts year. the fourth may And this through further in $X at year, of To was billion to we as we just debt maturing. the end of have under of the the liquidity billion. the the bolster $XX maturing end of quarter quarter through refinance that
This we've billion over than next months. $X future. plans decided addition, stock XX gradually will In our preserve rather the to for contribution approximately employees' the to cash Boeing's of company foreseeable fund cash use XXX(k) to
quarter, also cash pension to retirement benefit move and be funded a will our of We outflows. in This plan balance by stock. plans our minimizing and to status make our totaling while will our to employees $X contribution Boeing's funded defined improving sheet retirees fourth also the benefit further billion, discretionary future position which plan strengthen the
COVID-XX will our these focus cash strategy part normal as cash of previously, key to cash continue reducing mentioned of balance proactively and in seeking we area. Therefore, These We be returns debt actions to remainder strengthen the this to flow navigate balance to our will will continue top to challenging priorities liquidity we past we levels hard efforts. we our sheet, the expect be our to maintain and more management of and use to Once our we sheet derisking as reflect future due worked year our for meet balanced obligations. proactively our As and environment. ensuring into 'XX. this generation managing continue levels, continued leverage approach opportunities while disciplined
our now I today, on addressing profound covered our health just to clarity Through slide customers approach want focused on and turn impact and but provide the on our navigate in pandemic other working We closely rebuild this the to a our lot global had and suppliers summarize. and has this to pandemic have the the and and our side. we on of employees communities last further the while time, our to you with tough actions Let's stronger industry. company safety
achieving remain our reality. transforming in priorities to market this also to on business We new our focused adapt
will and forward. transform adapt, focused. in place. so right team the we continue do They across to decisive outlined are took As our today, going we got business X we've continue We've the will early actions we to And pillars. to
future. Stay As is, is proactive the been long-term mission be of we continue our all action as situation has take industry committed for the to resilient. all market this emerge actions that on with executing confident to business The across more eyes challenging We're clear: our aspects our liquidity, market and dynamics, and outlook. on stronger today our position currently and and in company on laser-focused
with turn I'll for So to that, over closing Dave comments. it some
