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REVENUE RECOGNITION (Tables)
3 Months Ended
Mar. 31, 2020
Revenue Recognition [Abstract]  
Summary of RPOs, Attributable to Continuing Operations, by Segment

Our RPOs, attributable to continuing operations, by segment, were as follows:

 

 

March 31, 2020

 

 

December 31, 2019

 

 

(Dollars in millions)

 

NCSA

$

5,527

 

 

 

34

%

 

$

6,250

 

 

 

35

%

EARC

 

2,830

 

 

 

17

%

 

 

3,089

 

 

 

17

%

MENA

 

5,507

 

 

 

33

%

 

 

5,890

 

 

 

33

%

APAC

 

1,230

 

 

 

8

%

 

 

1,450

 

 

 

8

%

Storage Solutions

 

1,281

 

 

 

8

%

 

 

1,340

 

 

 

7

%

Total

$

16,375

 

 

 

100

%

 

$

18,019

 

 

 

100

%

Summary of RPOs Expected Revenue Recognition

Of the March 31, 2020 RPOs, we expect to recognize revenues as follows:

 

 

2020

 

 

2021

 

 

Thereafter

 

 

(In millions)

 

Total RPOs

$

5,854

 

 

$

5,766

 

 

$

4,755

 

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

Our revenue, attributable to continuing operations, by product offering, contract types and revenue recognition methodology was as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

 

 

(In millions)

 

Revenue by product offering:

 

 

 

 

 

 

 

 

Offshore and subsea

 

$

821

 

 

$

605

 

LNG

 

 

419

 

 

 

421

 

Downstream

 

 

522

 

 

 

714

 

Power

 

 

144

 

 

 

323

 

Total

 

$

1,906

 

 

$

2,063

 

 

 

 

 

 

 

 

 

 

Revenue by contract type:

 

 

 

 

 

 

 

 

Fixed price

 

$

1,572

 

 

$

1,599

 

Reimbursable

 

 

117

 

 

 

286

 

Hybrid

 

 

145

 

 

 

109

 

Unit-basis and other

 

 

72

 

 

 

69

 

Total

 

$

1,906

 

 

$

2,063

 

 

 

 

 

 

 

 

 

 

Revenue by recognition methodology:

 

 

 

 

 

 

 

 

Over time

 

$

1,885

 

 

$

2,043

 

At a point in time

 

 

21

 

 

 

20

 

Total

 

$

1,906

 

 

$

2,063

 

Intercompany amounts have been eliminated in consolidation.