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Contract Assets and Liabilities
12 Months Ended
Dec. 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:
December 31,
(in millions)20222021
Information about contract assets:
Contract assets
Unbilled receivables - reimbursable contracts$738 $822 
Contract work in progress - lump sum contracts177 244 
Contract assets$915 $1,066 
Advance billings deducted from contract assets$220 $208 
Year Ended December 31,
20222021
Information about contract liabilities:
Provision for anticipated losses on contracts included in contract liabilities$212 $215 
Revenue recognized that was included in contract liabilities as of January 1818 894 
We have made claims arising from the performance under our contracts. Factors considered in determining whether revenue associated with claims should be recognized include: (a) the legal basis for the claim, (b) additional costs were caused by circumstances that were unforeseen at the contract date and not the result of deficiencies in our performance, (c) claim-related costs are identifiable and considered reasonable in view of the work performed, and (d) evidence supporting the claim is objective and verifiable. Similarly, we recognize disputed back charges to suppliers or subcontractors as a reduction of cost when the same requirements have been satisfied. We periodically evaluate our positions and the amounts recognized with respect to all our claims and back charges. As of December 31, 2022 and 2021, we had recorded $247 million and $215 million, respectively, of claim revenue for costs incurred to date. Additional costs, which will increase the claim revenue balance over time, are expected to be incurred in future periods. We had no material disputed back charges to suppliers or subcontractors as of December 31, 2022 and 2021.
Remaining Unsatisfied Performance Obligations
We estimate that our RUPO will be satisfied over the following periods:
(in millions)December 31, 2022
Within 1 year$13,526 
1 to 2 years7,809 
Thereafter3,664 
Total RUPO$24,999