XML 23 R11.htm IDEA: XBRL DOCUMENT v3.24.3
Unbilled Receivables
 9 Months Ended
Sep. 29, 2024
Contractors [Abstract]  
Unbilled Receivables UNBILLED RECEIVABLES
Unbilled receivables represent revenue recognized on long-term contracts (contract costs and estimated profits) less associated advances and progress billings. These amounts will be billed in accordance with the agreed-upon contractual terms. Unbilled receivables consisted of the following:
September 29, 2024December 31, 2023
Unbilled revenue$41,814 $40,552 
Advances and progress billings(32,962)(32,555)
Net unbilled receivables$8,852 $7,997 
On September 29, 2024, and December 31, 2023, net unbilled receivables included $1.4 billion and $1.2 billion, respectively, associated with a large international tracked vehicle contract in our Combat Systems segment. The contract, signed in 2010, experienced an unbilled receivable build-up in 2021 and 2022. The customer resumed payments on the contract in the first quarter of 2023.