The following items appear on the consolidated balance sheet of Boeing Inc. at December 31, 2014 (in millions). The information in parentheses was added to aid in your understanding.

Accounts payable ........................................................................$10,667

Accrued retiree health care ............................................................. 6,802

Accrued pension plan liability, net .................................................................... 17,182

Accrued liabilities ......................................................................... 13,343

Advances and billings in excess of related costs (current) .......................... 23,175

Deferred income taxes and income taxes payable (assume current) ................ 8,603

Short-term debt and current portion of long-term debt ............................. $ 929

Non-current income taxes payable .................................................... 358

Other long-term liabilities .............................................................. 1,208

Long-term debt .......................................................................... 8,141

Required

1. Prepare the Current Liabilities and Long-Term Liabilities sections of Boeing's classified balance sheet at December 31, 2014.

2. Boeing had total liabilities of $77,666 and total shareholders' equity of $14,997 at December 31, 2013. Total shareholders' equity amounted to $6,397 at December 31, 2014. (All amounts are in millions.) Compute Boeing's debt-to-equity ratio at December 31, 2014 and 2013. As an investor, how would you react to the changes in this ratio?

3. What other related ratios would the company's lenders use to assess the company? What do these ratios measure?