Contracts with Customers Contracts with Customers

9 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

Long-term Contracts or Programs Disclosure

Contracts with Customers

Unbilled receivables decreased from $9,043 at December 31, 2019 to $8,860 at September 30, 2020, primarily driven by an increase in billings at Defense, Space & Security (BDS) and Global Services (BGS), as well as an increase in allowances for expected credit losses at BGS.

Advances and progress billings increased from $51,551 at December 31, 2019 to $51,974 at September 30, 2020, primarily driven by advances on orders received in excess of revenue recognized at Commercial Airplanes (BCA), BDS and BGS, partially offset by the return of customer advances at BCA.

Revenues recognized during the nine months ended September 30, 2020 and 2019 from amounts recorded as Advances and progress billings at the beginning of each year were $6,752 and $13,216. Revenues recognized during the three months ended September 30, 2020 and 2019 from amounts recorded as Advances and progress billings at the beginning of each year were $1,497 and $3,100.