XML 58 R36.htm IDEA: XBRL DOCUMENT

ACCOUNTS RECEIVABLE (Tables)

9 Months Ended

Sep. 30, 2018

Receivables [Abstract]

Trade Accounts Receivable Balances

Our trade accounts receivable balances at September 30, 2018 and December 31, 2017 included the following:

		September 30, 2018				December 31, 2017
		(In millions)
Contract receivables ⁽¹⁾		$	965			$	225
Retainages ⁽²⁾			145				120
Less allowances			(17	)			(17	)
Accounts receivable—trade, net		$	1,093			$	328

⁽¹⁾	Unbilled receivables for our performance obligations recognized at a point in time are recorded within accounts receivable and were approximately $32 million at September 30, 2018 (all resulted from the acquired CB&I operations).

⁽²⁾	Retainages classified within Accounts receivable-trade, net are anticipated to be collected within one year. Retainages anticipated to be collected beyond one year are classified as Accounts receivable long-term retainages on our Balance Sheet.