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ACCOUNTS RECEIVABLE-TRADE, NET (Tables)
3 Months Ended
Mar. 31, 2020
Receivables [Abstract]  
Trade Receivable Balances Our trade receivable balances at March 31, 2020 and December 31, 2019 included the following:

 

 

 

 

 

 

March 31, 2020

 

 

December 31, 2019

 

 

 

(In millions)

 

Contract receivables (1)

 

$

745

 

 

$

823

 

Retainages

 

 

120

 

 

 

146

 

Less allowances

 

 

(33

)

 

 

(27

)

Accounts receivabletrade, net

 

$

832

 

 

$

942

 

(1)Retainages classified within Accounts receivabletrade, net are amounts anticipated to be collected within one year and as to which we have an unconditional right to collect from the customer, subject only to the passage of time. Retainages anticipated to be collected beyond one year are classified as Accounts receivable long-term retainages on our Balance Sheet.