Unearned Revenue

9 Months Ended

Sep. 30, 2023

Revenue Recognition and Deferred Revenue [Abstract]

Unearned Revenue

.  Unearned Revenue

The following table presents our unearned revenue as of the respective periods:

(in thousands)	September 30, 2023		December 31, 2022
California	$	1,423,845	$	945,971
Central	1,581,426		1,444,983
Mountain	959,478		486,524
Total	$	3,964,749	$	2,877,478

All unearned revenue is in the Construction segment. Approximately $2.5 billion of the September 30, 2023 unearned revenue is expected to be recognized within the next twelve months and the remaining amount will be recognized thereafter.