SUPPLEMENTAL BALANCE SHEET DETAIL

12 Months Ended

Dec. 31, 2018

Organization Consolidation And Presentation Of Financial Statements [Abstract]

NOTE 11—SUPPLEMENTAL BALANCE SHEET DETAIL

The components of property, plant and equipment, other current assets, and other current and non-current liabilities as of December 31, 2018 and 2017 were as follows:

	December 31,
	2018			2017
	(In millions)
Property, plant and equipment
Marine vessels	$	1,686		$	1,799
Construction and other equipment		704			513
Buildings		292			157
Company equipment under construction		99			34
Assets under capital lease		75			3
Land		41			2
Other		185			143
Total property, plant and equipment		3,082			2,651
Accumulated depreciation⁽¹⁾		(1,015	)		(985	)
Property, plant and equipment, net ⁽²⁾	$	2,067		$	1,666

Accrued liabilities
Accrued contract costs	$	796		$	141
Advances from equity method and proportionally consolidated joint ventures and consortiums ⁽³⁾		148			-
Income taxes payable		69			35
Other accrued liabilities ⁽⁴⁾		551			196
Accrued liabilities ⁽²⁾	$	1,564		$	372

Other non-current liabilities
Pension, post-retirement medical and other employee benefit obligations	$	324		$	75
Self-insurance reserve		80			16
Income tax reserves		86			63
Other		174			32
Other non-current liabilities ⁽²⁾	$	664		$	186

⁽¹⁾	^{Our depreciation expense was approximately $115 million, $93 million and $90 million in 2018, 2017 and 2016, respectively. For a discussion relating to impairments of marine-vessel-related property, plant and equipment, see Note 16, Fair Value Measurements.}

⁽²⁾	^{Our December 31, 2018 property, plant and equipment, net, accrued liabilities and other non-current liabilities included $374 million, $1.1 billion and $443 million, respectively, associated with the Combination.}

⁽³⁾	^{Represents advances from our joint ventures and consortiums in which we participate. See Note 10, Joint Venture and Consortium Arrangements for further discussion.}

⁽⁴⁾	^{Represents various accruals that are individually less than 5% of total current liabilities.}

Interest Capitalization—We incurred interest of $270 million, $67 million and $75 million and capitalized $4 million, $2 million and $14 million of interest in 2018, 2017 and 2016, respectively. The capitalized interest primarily related to vessels under construction in the respective periods.