CONTRACTS IN PROGRESS (Tables)

12 Months Ended

Dec. 31, 2023

Construction Contracts [Abstract]

Disclosure of contracts in progress

(US$ MILLIONS)	2023		2022		2021
Contract costs incurred to date	$	13,272	$	21,014	$	21,290
Profit recognized to date (less recognized losses)	117		2,044		1,760
	13,389		23,058		23,050
Less: progress billings	(13,723)		(23,847)		(24,021)
Contract work in progress (liability)	$	(334)	$	(789)	$	(971)
Comprising:
Amounts due from customers — work in progress (1)	$	167	$	435	$	427
Amounts due to customers — creditors (2)	(501)		(1,224)		(1,398)
Net work in progress	$	(334)	$	(789)	$	(971)

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(1)The change in the balance from December 31, 2022 was due to billed amounts of $2,055 million, additions to work in progress of $2,119 million and dispositions of $332 million.

(2)The change in the balance from December 31, 2022 was due to recognized revenue of $1,233 million, additions to work in progress of $1,301 million, dispositions during the year of $805 million and an increase of $14 million from other changes.