Contracts in Process

9 Months Ended

Sep. 28, 2018

The components of contracts in process are presented in the table below.



	December 31, 2017
	(in millions)
Unbilled contract receivables, gross	$	1,874
Unliquidated progress payments	(761		)
Unbilled contract receivables, net	1,113
Inventoried contract costs, gross	891
Unliquidated progress payments	(71		)
Inventoried contract costs, net	820
Total contracts in process	$	1,933

The table below presents a summary of G&A, IRAD and B&P costs included in inventoried contract costs and the changes to them, including amounts charged to operating costs and expenses by the Company’s U.S. Government contractor businesses for the quarterly and year-to-date periods ended September 29, 2017.



	Third Quarter Ended			Year-to-Date Ended
	September 29, 2017			September 29, 2017
	(in millions)
Amounts included in inventoried contract costs at beginning of the period	$	174		$	173
Contract costs incurred:
IRAD and B&P	88			242
Other G&A	211			610
Total	299			852
Amounts charged to operating costs and expenses	(294		)	(846		)
Amounts included in inventoried contract costs at end of the period	$	179		$	179