Commercial Aerospace Industry Assets and Commitments (Tables)

12 Months Ended

Dec. 31, 2020

Other Commitments [Abstract]

Schedule of Commercial Aerospace Industry Assets and Commitments

The following summarizes certain significant assets and off-balance sheet exposures specifically related to our commercial aerospace customers:

(dollars in millions)	2020		2019
Assets related to commercial aerospace industry customers:
Accounts receivable, net (Note 5)	$	7,239	$	7,560
Contract assets (Note 6)	2,559		2,741
Customer financing assets (1) (Note 1)	3,160		3,476
Contract fulfillment costs (Note 1)	1,773		1,361
Guarantees and Commitments related to commercial aerospace industry customers:
Commercial aerospace guarantees (net of reserves and collaboration partners’ share) (Note 18)	174		184
Commercial aerospace commitments (net of collaboration partners’ share) (Note 19)	8,515		9,708

(1)     Customer financing assets is inclusive of both the current and long term balances.