REVENUE RECOGNITION	12 Months Ended
Dec. 31, 2015
Revenue Recognition [Abstract]
REVENUE RECOGNITION	NOTE 2—REVENUE RECOGNITION Claims Revenue The amount of revenues and costs included in our estimates at completion (i.e., contract values) associated with such claims was $10 million and $7 million as of December 31, 2015 and 2014, respectively, all in our Middle East segment. These amounts are determined based on various factors, including our analysis of the underlying contractual language and our experience in making and resolving claims. Our unconsolidated joint ventures did not include any material claims revenue in their 2015, 2014 and 2013 financial results. None of the claims included in our estimates at completion at December 31, 2015 were the subject of any litigation proceedings. We continue to actively engage in negotiations with our customers on our outstanding claims. However, these claims may be resolved at amounts that differ from our current estimates, which could result in increases or decreases in future estimated contract profits or losses. Loss Recognition As of December 31, 2015, we have provided for our estimated costs to complete on all of our ongoing contracts. However, it is possible that current estimates could change due to unforeseen events, which could result in adjustments to overall contract costs. Variations from estimated contract performance could result in material adjustments to operating results for any fiscal quarter or year. For all contracts, if a current estimate of total contract cost indicates a loss, the projected loss is recognized in full when determined. As of December 31, 2015, two significant active projects in our AEA segment were in loss positions, as a result of which future revenues are expected to equal costs when recognized. PB Litoral, an EPCI project, in Mexico, is expected to be completed in the first quarter of 2016, and the five-year Agile vessel charter project in Brazil is expected to be completed in the first quarter of 2017. Total backlog related to all projects in loss positions was approximately $75 million as of December 31, 2015. It is possible that our estimates of gross profit could increase or decrease based on changes in productivity, actual downtime and the resolution of change orders and claims with the customers.

NOTE 2—REVENUE RECOGNITION

Claims Revenue

The amount of revenues and costs included in our estimates at completion (i.e., contract values) associated with such claims was $10 million and $7 million as of December 31, 2015 and 2014, respectively, all in our Middle East segment. These amounts are determined based on various factors, including our analysis of the underlying contractual language and our experience in making and resolving claims. Our unconsolidated joint ventures did not include any material claims revenue in their 2015, 2014 and 2013 financial results.

None of the claims included in our estimates at completion at December 31, 2015 were the subject of any litigation proceedings. We continue to actively engage in negotiations with our customers on our outstanding claims. However, these claims may be resolved at amounts that differ from our current estimates, which could result in increases or decreases in future estimated contract profits or losses.

Loss Recognition

As of December 31, 2015, we have provided for our estimated costs to complete on all of our ongoing contracts. However, it is possible that current estimates could change due to unforeseen events, which could result in adjustments to overall contract costs. Variations from estimated contract performance could result in material adjustments to operating results for any fiscal quarter or year. For all contracts, if a current estimate of total contract cost indicates a loss, the projected loss is recognized in full when determined.

As of December 31, 2015, two significant active projects in our AEA segment were in loss positions, as a result of which future revenues are expected to equal costs when recognized. PB Litoral, an EPCI project, in Mexico, is expected to be completed in the first quarter of 2016, and the five-year Agile vessel charter project in Brazil is expected to be completed in the first quarter of 2017. Total backlog related to all projects in loss positions was approximately $75 million as of December 31, 2015. It is possible that our estimates of gross profit could increase or decrease based on changes in productivity, actual downtime and the resolution of change orders and claims with the customers.