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

Our RPOs by segment were as follows:

 

 

September 30, 2019

 

 

December 31, 2018

 

 

(Dollars in millions)

 

NCSA

$

7,615

 

 

 

38

%

 

$

5,649

 

 

 

52

%

EARC

 

3,782

 

 

 

19

%

 

 

1,378

 

 

 

12

%

MENA

 

6,464

 

 

 

32

%

 

 

1,834

 

 

 

17

%

APAC

 

1,632

 

 

 

8

%

 

 

1,420

 

 

 

13

%

Technology

 

592

 

 

 

3

%

 

 

632

 

 

 

6

%

Total

$

20,085

 

 

 

100

%

 

$

10,913

 

 

 

100

%

 

Summary of RPOs Expected Revenue Recognition

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

 

 

2019

 

 

2020

 

 

Thereafter

 

 

(In millions)

 

Total RPOs

$

2,521

 

 

$

8,588

 

 

$

8,976

 

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 September 30,

 

 

Nine Months Ended September 30,

 

 

 

2019 (2)

 

 

2018 (2)

 

 

2019 (2)

 

 

2018 (2)

 

 

 

(In millions)

 

Revenue by product offering:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Offshore and subsea

 

$

728

 

 

$

548

 

 

$

1,994

 

 

$

1,809

 

LNG

 

 

334

 

 

 

553

 

 

 

1,166

 

 

 

935

 

Downstream (1)

 

 

854

 

 

 

860

 

 

 

2,456

 

 

 

1,356

 

Power

 

 

205

 

 

 

328

 

 

 

853

 

 

 

532

 

 

 

$

2,121

 

 

$

2,289

 

 

$

6,469

 

 

$

4,632

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue by contract type:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed price

 

$

1,640

 

 

$

1,797

 

 

$

5,230

 

 

$

3,693

 

Reimbursable

 

 

324

 

 

 

411

 

 

 

733

 

 

 

680

 

Hybrid

 

 

93

 

 

 

10

 

 

 

309

 

 

 

134

 

Unit-basis and other

 

 

64

 

 

 

71

 

 

 

197

 

 

 

125

 

 

 

$

2,121

 

 

$

2,289

 

 

$

6,469

 

 

$

4,632

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue by recognition methodology:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Over time

 

$

2,076

 

 

$

2,249

 

 

$

6,354

 

 

$

4,564

 

At a point in time

 

 

45

 

 

 

40

 

 

 

115

 

 

 

68

 

 

 

$

2,121

 

 

$

2,289

 

 

$

6,469

 

 

$

4,632

 

 

(1)

Includes the results of our Technology operating group.

(2)

Intercompany amounts have been eliminated in consolidation.