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REVENUE RECOGNITION (Tables)
3 Months Ended
Mar. 31, 2019
Revenue Recognition [Abstract]  
Summary of RPOs by Segment

Our RPOs by segment were as follows:

 

 

March 31, 2019

 

 

December 31, 2018

 

 

(Dollars in millions)

 

NCSA

$

8,581

 

 

 

56

%

 

$

5,649

 

 

 

52

%

EARC

 

1,914

 

 

 

12

%

 

 

1,378

 

 

 

12

%

MENA

 

2,879

 

 

 

19

%

 

 

1,834

 

 

 

17

%

APAC

 

1,401

 

 

 

9

%

 

 

1,420

 

 

 

13

%

Technology

 

601

 

 

 

4

%

 

 

632

 

 

 

6

%

Total

$

15,376

 

 

 

100

%

 

$

10,913

 

 

 

100

%

 

Summary of RPOs Expected Revenue Recognition

Of the March 31, 2019 RPOs, we expect to recognize revenues as follows:

 

 

2019

 

 

2020

 

 

Thereafter

 

 

(In millions)

 

Total RPOs

$

6,189

 

 

$

5,119

 

 

$

4,068

 

Summary of Revenue by Product Offering, Contract Types and Revenue Recognition Methodology

Our revenue by product offering, contract types and revenue recognition methodology was as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2019 (2)

 

 

2018 (2)

 

 

 

(In millions)

 

Revenue by product offering:

 

 

 

 

 

 

 

 

Offshore and subsea

 

$

605

 

 

$

608

 

LNG

 

 

421

 

 

 

-

 

Downstream (1)

 

 

862

 

 

 

-

 

Power

 

 

323

 

 

 

-

 

 

 

$

2,211

 

 

$

608

 

 

 

 

 

 

 

 

 

 

Revenue by contract type:

 

 

 

 

 

 

 

 

Fixed price

 

$

1,726

 

 

$

583

 

Reimbursable

 

 

303

 

 

 

-

 

Hybrid

 

 

110

 

 

 

-

 

Unit-basis and other

 

 

72

 

 

 

25

 

 

 

$

2,211

 

 

$

608

 

 

 

 

 

 

 

 

 

 

Revenue by recognition methodology:

 

 

 

 

 

 

 

 

Over time

 

$

2,160

 

 

$

608

 

At a point in time

 

 

51

 

 

 

-

 

 

 

$

2,211

 

 

$

608

 

 

(1)

Includes the results of our Technology operating group.

(2)

Intercompany amounts have been eliminated in consolidation.