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Supplementary Information (Tables)
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Cash Paid (Refunded) for Interest and Income Taxes

Cash paid (refunded) for interest and income taxes was as follows:  

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

 

2016

 

 

2015

 

Interest

$

572

 

 

$

599

 

 

$

346

 

Income tax

$

(44

)

 

$

750

 

 

$

1,567

 

 

Interest and Other Income

Interest and other income includes the following:

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

 

2016

 

 

2015

 

Interest income

$

128

 

 

$

110

 

 

$

52

 

Earnings of equity method investments

 

96

 

 

 

90

 

 

 

184

 

 

$

224

 

 

$

200

 

 

$

236

 

 

Change in Allowance for Doubtful Accounts

The change in Allowance for doubtful accounts is as follows:

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

 

2016

 

 

2015

 

Balance at beginning of year

$

397

 

 

$

333

 

 

$

275

 

Additions

 

7

 

 

 

123

 

 

 

75

 

Amounts written off

 

(163

)

 

 

(59

)

 

 

(17

)

Balance at end of year

$

241

 

 

$

397

 

 

$

333

 

 

Accounts Payable and Accrued Liabilities

Revenue in excess of billings related to contracts accounted for under the percentage-of-completion method was $0.3 billion and $0.5 billion at December 31, 2017 and 2016, respectively.

Accounts payable and accrued liabilities are summarized as follows:

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

2017

 

 

2016

 

Payroll, vacation and employee benefits

$

1,296

 

 

$

1,349

 

Trade

 

4,614

 

 

 

4,004

 

Deferred revenue

 

752

 

 

 

1,088

 

Other

 

3,374

 

 

 

3,575

 

 

$

10,036

 

 

$

10,016