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Contracts in Progress and Advance Billings on Contracts - Schedule of Contract Assets and Liabilities (Detail) - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Contractors [Abstract]    
Costs incurred less costs of revenues recognized [1] $ 8 $ 98
Revenues recognized less billings to customers [2] 715 [1] 523
Contracts in progress 723 [1] 621
Costs incurred less costs of revenues recognized [1] 35 (14)
Billings to customers less revenues recognized [2] 1,698 [1] 46
Advance billings on contracts $ 1,733 [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 nine months ended September 30, 2018, the change in the asset and liability balances includes $341 million and $2.3 billion, respectively, resulting from acquired balances in the Combination. Revenues recognized for the nine-months periods ended September 30, 2018 with respect to amounts included in our contract liability balance as of December 31, 2017 were $45 million, realized during the first half of 2018.