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Contract Assets and Contract Liabilities
3 Months Ended
Mar. 29, 2019
Revenue from Contract with Customer [Abstract]  
Contract Assets and Contract Liabilities
Contract Assets and Contract Liabilities
The table below presents the components of net contract assets.
 
March 29,
2019
 
December 31,
2018
 
(in millions)
Contract assets
$
1,735

 
$
1,590

Contract liabilities — current
(711
)
 
(669
)
Contract liabilities — non-current
(28
)
 
(31
)
Net contract assets
$
996

 
$
890

Contract assets increased from December 31, 2018 to March 29, 2019 by $145 million primarily due to sales exceeding billings due to contractual billing terms on U.S. Government contracts across all business areas, with the largest increases from Reconnaissance Mission Systems, Integrated Maritime Systems, Surveillance & Strike Systems, Communications & Microwave Products and Precision Engagement Systems. Contract liabilities increased by $39 million primarily due to advances received by Defense Training Solutions and Special Programs.
The Company did not recognize any impairment losses on contract assets during the quarterly period ended March 29, 2019.
For the quarterly period ended March 29, 2019, the Company recognized sales of $270 million related to its contract liabilities at December 31, 2018.
The components of contract assets are presented in the table below.
 
March 29,
2019
 
December 31,
2018
 
(in millions)
Unbilled contract receivables, gross
$
3,035

 
$
2,716

Unliquidated progress payments and advances
(1,300
)
 
(1,126
)
Total contract assets
$
1,735

 
$
1,590