Contract Assets and Liabilities

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Contract Assets and Liabilities

Contract Assets and Liabilities The following summarizes information about our contract assets and liabilities:

(in millions)	March 31, 2022		December 31, 2021
Information about contract assets:
Contract assets
Unbilled receivables - reimbursable contracts	$	775	$	822
Contract work in progress - lump-sum contracts	236		244
Contract assets	$	1,011	$	1,066
Advance billings deducted from contract assets	$	223	$	208
	3ME March 31,
(in millions)	2022		2021
Information about contract liabilities:
Revenue recognized that was included in contract liabilities as of January 1	$	531	$	540

Remaining Unsatisfied Performance Obligations

We estimate that our RUPO will be satisfied over the following periods:

(in millions)	March 31, 2022
Within 1 year	$	10,166
1 to 2 years	5,079
Thereafter	2,572
Total RUPO	$	17,817