Receivables, net

12 Months Ended

Dec. 31, 2015

Receivables, net

Note 6 – Receivables, net

Receivables, net consisted of the following (in millions):

	2015			2014
U.S. Government
Amounts billed	$	1,492		$	1,434
Unbilled costs and accrued profits		5,734			4,577
Less: customer advances and progress payments		(1,311	)		(1,012)
Total U.S. Government receivables, net		5,915			4,999
Other governments and commercial
Amounts billed		772			460
Unbilled costs and accrued profits		1,995			671
Less: customer advances		(621	)		(253)
Total other governments and commercial receivables, net		2,146			878
Total receivables, net	$	8,061		$	5,877

We expect to bill substantially all of the December 31, 2015 unbilled costs and accrued profits during 2016.