REVENUES (Tables)

9 Months Ended

Sep. 30, 2018

REVENUES

Schedule of contract balances

(unaudited-millions of dollars)	September 30, 2018	January 1, 2018
Receivables from contracts with customers(a)	37	40
Contract assets(b)	—	—

^(a) Recorded as Trade accounts receivable and reported as Accounts receivable and other in the consolidated balance sheet (Refer also to Note 14). Additionally, our accounts receivable represents the Partnership’s unconditional right to recognize revenue for services completed which includes billed and unbilled accounts.

^(b) Contract assets primarily relate to the Partnership’s right to consideration for services completed but the right is conditioned on something other than the passage of time. Any change in Contract assets is primarily related to the transfer to Accounts receivable when the right to recognize revenue becomes unconditional and the customer is invoiced as well as when revenue increases but remains to be invoiced. The Partnership did not have any Contract assets at January 1, 2018 and September 30, 2018.