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ACCRUED LIABILITIES (Tables)
6 Months Ended
Jun. 30, 2018
Accrued Liabilities Current [Abstract]  
Summary of Accrued Liabilities

 

 

 

June 30, 2018

 

 

December 31, 2017

 

 

 

(In millions)

 

Accrued contract costs

 

$

711

 

 

$

141

 

Advances from equity method and proportionally consolidated joint ventures and consortiums (1)

 

 

144

 

 

 

-

 

Other accrued liabilities (2)

 

 

587

 

 

 

196

 

Accrued liabilities

 

$

1,442

 

 

$

337

 

 

 

(1)

Represents advances to us from the joint ventures and consortiums in which we participate. See Note 10, Joint Venture and Consortium Arrangements for further discussion.

 

(2)

Represents various accruals that are each individually less than 5% of total current liabilities.