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

Our RPOs by segment were as follows:

 

 

December 31, 2019

 

 

December 31, 2018

 

 

(Dollars in millions)

 

NCSA

$

7,070

 

 

 

38

%

 

$

5,649

 

 

 

52

%

EARC

 

3,415

 

 

 

18

%

 

 

1,378

 

 

 

12

%

MENA

 

6,047

 

 

 

33

%

 

 

1,834

 

 

 

17

%

APAC

 

1,487

 

 

 

8

%

 

 

1,420

 

 

 

13

%

Technology

 

619

 

 

 

3

%

 

 

632

 

 

 

6

%

Total

$

18,638

 

 

 

100

%

 

$

10,913

 

 

 

100

%

Summary of RPOs Expected Revenue Recognition

 

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

 

 

2020

 

 

2021

 

 

Thereafter

 

 

(In millions)

 

Total RPOs

$

9,512

 

 

$

4,959

 

 

$

4,167

 

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:

 

 

 

Year ended December 31,

 

 

 

2019 (2)

 

 

2018 (2)

 

 

2017 (2)

 

 

 

(In millions)

 

Revenue by product offering:

 

 

 

 

 

 

 

 

 

 

 

 

Offshore and subsea

 

$

2,845

 

 

$

2,289

 

 

$

2,985

 

LNG

 

 

1,445

 

 

 

1,309

 

 

 

-

 

Downstream (1)

 

 

3,173

 

 

 

2,224

 

 

 

-

 

Power

 

 

968

 

 

 

883

 

 

 

-

 

 

 

$

8,431

 

 

$

6,705

 

 

$

2,985

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue by contract type:

 

 

 

 

 

 

 

 

 

 

 

 

Fixed price

 

$

6,835

 

 

$

5,239

 

 

$

2,895

 

Reimbursable

 

 

926

 

 

 

1,004

 

 

 

-

 

Hybrid

 

 

485

 

 

 

260

 

 

 

-

 

Unit-basis and other

 

 

185

 

 

 

202

 

 

 

90

 

 

 

$

8,431

 

 

$

6,705

 

 

$

2,985

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue by recognition methodology:

 

 

 

 

 

 

 

 

 

 

 

 

Over time

 

$

8,283

 

 

$

6,628

 

 

$

2,985

 

At a point in time

 

 

148

 

 

 

77

 

 

 

-

 

 

 

$

8,431

 

 

$

6,705

 

 

$

2,985

 

(1)

Includes the results of our Technology operating group.

(2)

Intercompany amounts have been eliminated in consolidation.