CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions		Sep. 30, 2018		Dec. 31, 2017
Current assets:
Cash and cash equivalents ($158 and $0 related to variable interest entities ("VIEs"))		$ 580		$ 390
Restricted cash and cash equivalents	[1]	325		18
Accounts receivable—trade, net ($28 and $0 related to VIEs)		1,093		328
Accounts receivable—other ($59 and $0 related to VIEs)		252		42
Contracts in progress ($63 and $0 related to VIEs)		723	[2]	621
Project related intangible assets, net		176
Inventory		58
Other current assets ($26 and $0 related to VIEs)		145		36
Total current assets		3,352		1,435
Property, plant and equipment, net		2,106		1,666
Accounts receivable—long-term retainages		71		39
Investments in unconsolidated affiliates		444		8
Goodwill		4,708
Other intangibles, net		1,006
Deferred income taxes		181		18
Other non-current assets		188		57
Total assets	[3]	12,056		3,223
Current liabilities:
Current maturities of long-term debt		35		24
Current portion of long-term lease obligations		7
Accounts payable ($328 and $0 related to VIEs)		874		279
Advance billings on contracts ($476 and $0 related to VIEs)		1,733	[2]	32
Project related intangible liabilities, net		76
Accrued liabilities ($110 and $0 related to VIEs)		1,579		372
Total current liabilities		4,304		707
Long-term debt		3,397		512
Long-term lease obligations		68		1
Deferred income taxes		77		28
Other non-current liabilities		614		186
Total liabilities		8,460		1,434
Commitments and contingencies
Stockholders' equity:
Common stock, par value $1.00 per share, authorized 255 shares; issued 183 and 98 shares, respectively		183		98
Capital in excess of par value		3,488		1,858
Retained earnings/ (accumulated deficit)		56	[4]	(48)
Accumulated other comprehensive loss		(84)		(51)
Treasury stock, at cost: 3 and 3 shares, respectively		(96)		(96)
Total McDermott Stockholders' Equity		3,547		1,761
Noncontrolling interest		49		28
Total stockholders' equity		3,596		1,789
Total liabilities and stockholders' equity		$ 12,056		$ 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.