NFIS

[mowens]

I wear a Boeing badge and get paid by Boeing but I work in Spirit Defense.

We are a non-fully integrated subsidiary of Boeing.

A non-fully integrated or unconsolidated subsidiary is a company partly owned by a parent entity that is not fully merged into the parent's financial statements, usually appearing only as an investment asset. This occurs when the parent lacks full control, owns less than 50% of voting stock, or the subsidiary's operations are distinct from the parent.

Key aspects of non-fully integrated subsidiaries:

Financial Reporting: They are not consolidated into the parent's balance sheet and income statement; instead, the investment is recorded using the equity method or at cost.
Control Level: They are often partially owned subsidiaries, where the parent has influence but not total control.
Operational Independence: Because they are not fully integrated, these subsidiaries maintain separate management, branding, and operations, making them distinct from divisions.
Reasons for Non-Integration: Reasons include temporary control, significant operational differences, or legal/regulatory limitations.
In some contexts, "non-fully integrated" can also refer to subsidiaries with operational independence (i.e., not a core, fully integrated operating unit), even if financially consolidated.