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REVENUE RECOGNITION (Tables)
6 Months Ended
Jun. 30, 2019
Revenue Recognition [Abstract]  
Summary of RPOs by Segment

Our RPOs by segment were as follows:

 

 

June 30, 2019

 

 

December 31, 2018

 

 

(Dollars in millions)

 

NCSA

$

8,123

 

 

 

39

%

 

$

5,649

 

 

 

52

%

EARC

 

4,032

 

 

 

20

%

 

 

1,378

 

 

 

12

%

MENA

 

6,538

 

 

 

32

%

 

 

1,834

 

 

 

17

%

APAC

 

1,289

 

 

 

6

%

 

 

1,420

 

 

 

13

%

Technology

 

565

 

 

 

3

%

 

 

632

 

 

 

6

%

Total

$

20,547

 

 

 

100

%

 

$

10,913

 

 

 

100

%

 

Summary of RPOs Expected Revenue Recognition

Of the June 30, 2019 RPOs, we expect to recognize revenues as follows:

 

 

2019

 

 

2020

 

 

Thereafter

 

 

(In millions)

 

Total RPOs

$

4,768

 

 

$

7,372

 

 

$

8,407

 

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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2019 (2)

 

 

2018 (2)

 

 

2019 (2)

 

 

2018 (2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue by product offering:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Offshore and subsea

 

$

661

 

 

$

653

 

 

$

1,266

 

 

$

1,261

 

LNG

 

 

411

 

 

 

382

 

 

 

832

 

 

 

382

 

Downstream (1)

 

 

740

 

 

 

496

 

 

 

1,602

 

 

 

496

 

Power

 

 

325

 

 

 

204

 

 

 

648

 

 

 

204

 

 

 

$

2,137

 

 

$

1,735

 

 

$

4,348

 

 

$

2,343

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue by contract type:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed price

 

$

1,864

 

 

$

1,313

 

 

$

3,590

 

 

$

1,896

 

Reimbursable

 

 

106

 

 

 

269

 

 

 

409

 

 

 

269

 

Hybrid

 

 

106

 

 

 

124

 

 

 

216

 

 

 

124

 

Unit-basis and other

 

 

61

 

 

 

29

 

 

 

133

 

 

 

54

 

 

 

$

2,137

 

 

$

1,735

 

 

$

4,348

 

 

$

2,343

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue by recognition methodology:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Over time

 

$

2,117

 

 

$

1,707

 

 

$

4,278

 

 

$

2,315

 

At a point in time

 

 

20

 

 

 

28

 

 

 

70

 

 

 

28

 

 

 

$

2,137

 

 

$

1,735

 

 

$

4,348

 

 

$

2,343

 

 

(1)

Includes the results of our Technology operating group.

(2)

Intercompany amounts have been eliminated in consolidation.