CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents ($213 and $146 related to variable interest entities ("VIEs"))		$ 800	$ 520
Restricted cash and cash equivalents	[1]	393	325
Accounts receivable—trade, net ($102 and $29 related to VIEs)		1,087	932
Accounts receivable—other ($32 and $57 related to VIEs)		185	175
Contracts in progress ($195 and $144 related to VIEs)		795	704
Project-related intangible assets, net		48	137
Inventory		52	101
Other current assets ($25 and $24 related to VIEs)		195	139
Total current assets		3,555	3,033
Property, plant and equipment, net	[2]	2,129	2,067
Operating lease right-of-use assets		364
Accounts receivable—long-term retainages		24	62
Investments in unconsolidated affiliates	[3]	455	452
Goodwill		1,286	2,654	[4]
Other intangibles, net		751	1,009
Other non-current assets		173	163
Total assets		8,737	9,440
Current liabilities:
Revolving credit facility		801
Debt		4,306	30
Lease obligations		145	8
Accounts payable ($182 and $277 related to VIEs)		1,105	595
Advance billings on contracts ($542 and $717 related to VIEs)		1,419	1,954
Project-related intangible liabilities, net		10	66
Accrued liabilities ($69 and $136 related to VIEs)		1,658	1,564
Total current liabilities		9,444	4,217
Long-term debt			3,393
Long-term lease obligations		304	66
Deferred income taxes		59	47
Other non-current liabilities		783	664
Total liabilities		10,590	8,387
Commitments and contingencies
Mezzanine equity:
Redeemable preferred stock		290	230
Stockholders' equity:
Common stock, par value $1.00 per share, authorized 255 shares; issued 196 and 183 shares, respectively		196	183
Capital in excess of par value		3,553	3,539
Accumulated deficit		(5,693)	(2,719)
Accumulated other comprehensive loss		(103)	(107)
Treasury stock, at cost: 3 and 3 shares, respectively		(96)	(96)
Total McDermott Stockholders' Equity		(2,143)	800
Noncontrolling interest			23
Total stockholders' equity		(2,143)	823
Total liabilities and stockholders' equity		$ 8,737	$ 9,440

[1] ^{Our restricted cash balances primarily served as cash collateral deposits for our letter of credit facilities. See Note 13, Debt, for further discussion.}

[2] Our marine vessels are included in the area in which they were located as of the reporting date.

[3] The Consolidated Balance Sheets as of December 31, 2019 and 2018 include approximately $48 million and $15 million of accounts receivable, respectively, from our unconsolidated affiliates.

[4] As of December 31, 2018, we had approximately $2.2 billion of cumulative impairment charges recorded in conjunction with our impairment assessment performed during the fourth quarter of 2018, as previously described in the 2018 Form 10-K.