XML 83 R66.htm IDEA: XBRL DOCUMENT v3.10.0.1
Contracts in Progress and Advance Billings on Contracts - Schedule of Contract Assets and Liabilities (Detail) - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Contractors [Abstract]    
Costs incurred in excess of costs recognized [1] $ 8 $ 98
Revenues recognized less billings to customers [2] 910 [1] 523
Contracts in progress 918 [1] 621
Costs recognized in excess of costs incurred [1] 10 (14)
Billings to customers less revenues recognized [2] 1,217 [1] 46
Advance billings on contracts $ 1,227 [1] $ 32
[1] 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.
[2] During the six months ended June 30, 2018, the change in the asset and liability balances includes $411 million and $1.2 billion, respectively, resulting from the Combination. Revenues recognized for the three and six-months periods ended June 30, 2018 with respect to amounts included in our contract liability balance as of December 31, 2017 were $7 million and $45 million, respectively.