XML 39 R17.htm IDEA: XBRL DOCUMENT v3.10.0.1
Progress Collections and Deferred Income
 12 Months Ended
Dec. 31, 2018
Revenue Recognition and Deferred Revenue [Abstract]  
Progress Collections and Deferred Income
REVENUE RELATED TO CONTRACTS WITH CUSTOMERS
DISAGGREGATED REVENUE
We disaggregate our revenue from contracts with customers by primary geographic markets.
Total Revenue
2018
2017
2016
U.S.
$
6,576

$
4,409

$
3,156

Non-U.S.
16,301

12,770

9,926

Total
$
22,877

$
17,179

$
13,082


REMAINING PERFORMANCE OBLIGATIONS
As of December 31, 2018 and December 31, 2017, the aggregate amount of the transaction price allocated to the unsatisfied (or partially unsatisfied) performance obligations was $21.0 billion in each year, respectively. As of December 31, 2018, we expect to recognize revenue of approximately 45%, 63% and 88% of the total remaining performance obligations within 2, 5, and 15 years, respectively, and the remaining thereafter. Contract modifications could affect both the timing to complete as well as the amount to be received as we fulfill the related remaining performance obligations.
PROGRESS COLLECTIONS AND DEFERRED INCOME
Contract liabilities include progress collections, which reflects billings in excess of revenue, and deferred income on our long-term contracts to construct technically complex equipment, long-term product maintenance or extended warranty arrangements. Contract liabilities are comprised of the following:
 
2018
2017
Progress collections
$
1,600

$
1,456

Deferred income
165

319

Progress collections and deferred income (contract liabilities) (1)
$
1,765

$
1,775

(1) 
Progress collections and deferred income (contract liabilities) were $2,038 million at January 1, 2017.
Revenue recognized during the year ended December 31, 2018 and 2017 that was included in the contract liabilities at the beginning of the year was $1,392 million and $1,525 million, respectively.