CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions		Jun. 30, 2018		Dec. 31, 2017
Current assets:
Cash and cash equivalents ($140 and $0 related to variable interest entities ("VIEs"))		$ 814		$ 390
Restricted cash and cash equivalents	[1]	324		18
Accounts receivable—trade, net ($29 and $0 related to VIEs)		968		328
Accounts receivable—other ($52 and $0 related to VIEs)		130		42
Contracts in progress ($213 and $0 related to VIEs)		918	[2]	621
Project related intangible assets, net		129
Inventory		48
Other current assets ($22 and $0 related to VIEs)		190		36
Total current assets		3,521		1,435
Property, plant and equipment, net		2,090		1,666
Accounts receivable—long-term retainages		61		39
Investments in unconsolidated affiliates		423		8
Goodwill		3,926
Other intangibles, net		1,039
Deferred income taxes		178		18
Other non-current assets		190		57
Total assets	[3]	11,428		3,223
Current liabilities:
Current maturities of long-term debt		42		24
Accounts payable ($354 and $0 related to VIEs)		906		279
Advance billings on contracts ($66 and $0 related to VIEs)		1,227	[2]	32
Project related intangible liabilities, net		29
Accrued liabilities ($94 and $0 related to VIEs)		1,442		337
Income taxes payable		123		35
Total current liabilities		3,769		707
Long-term debt		3,418		513
Non-current other taxes		96		63
Other non-current liabilities		579		151
Total liabilities		7,862		1,434
Commitments and contingencies
Stockholders' equity:
Common stock, par value $1.00 per share, authorized 255,000,000 shares; issued 183,357,871 and 97,508,614 shares, respectively		183		98
Capital in excess of par value		3,480		1,858
Retained earnings/ (accumulated deficit)		54	[4]	(48)
Accumulated other comprehensive loss		(75)		(51)
Treasury stock, at cost: 3 and 3 shares, respectively		(96)		(96)
Total McDermott Stockholders' Equity		3,546		1,761
Noncontrolling interest		20		28
Total stockholders' equity		3,566		1,789
Total liabilities and stockholders' equity		$ 11,428		$ 3,223

[1] Our restricted cash balances primarily served as cash collateral deposits for our letter of credit facilities. See Note 12, Debt for further discussion.

[2] Costs incurred in excess of costs recognized (assets) and costs recognized in excess of costs incurred (liabilities) resulted from the exclusion of certain costs when measuring progress toward completion under the cost-to-cost method, prior to our adoption of ASC Topic 606. These remaining amounts will be recognized in Cost of operations as the underlying projects progress.

[3] Our marine vessels are included in the area in which they were located as of the reporting date.

[4] Includes $20 million of cumulative catch-up adjustment to Retained earnings (Accumulated deficit) on January 1, 2018, upon adoption of ASC 606.