REVENUE RECOGNITION (Tables)

12 Months Ended

Dec. 31, 2017

Revenue Recognition [Abstract]

Cumulative Effect of Revenue Recognition Accounting Change

Effect of Adopting ASC Topic 606—We estimate the cumulative effect of adopting ASU 606 due to change in method to measure project progress, as discussed in Note 1, Basis of Presentation and Significant Accounting Polices, will be as follows:

	Revenue Recognition Accounting Change as of January 1, 2018
				ASC 606 Adjustments1			January 1, 2018			ASC 606 Adjustments1			January 1, 2018
	December 31, 2017			Low						High
CONSOLIDATED BALANCE SHEETS	(In millions)
Assets
Current assets:
Contracts in progress 2	$	621		$	12		$	633		$	20		$	641
Liabilities and Equity
Current liabilities:
Advance billings on contracts		32			(2	)		30			(4	)		28
Income taxes payable		35			(1	)		34			(1	)		34
Stockholders' equity:
Accumulated deficit		(48	)		15			(33	)		25			(23	)

¹Represents cumulative effect adjustment of recognizing additional revenues of approximately $205 million to $220 million and associated cost of operations of approximately $190 million to $200 million.

²Contracts in progress at January 1, 2018 primarily represents costs and estimated earnings in excess of billings.

Percentage of Revenues by Contract Type

The percentage of our revenues by contract type for each of the years ended December 31 was as follows:

	2017			2016			2015
Fixed-price		97	%		92	%		93	%
Unit-basis and other		3			8			7
		100	%		100	%		100	%