XML 47 R36.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Progress Collections and Deferred Income (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2018
Revenue Recognition and Deferred Revenue [Abstract] |
Contract liabilities | Contract assets are comprised of the following:
| June 30, 2018 | December 31, 2017
Long-term product service agreements | $ | 593 |  | $ | 589 |
Long-term equipment contract revenue (1) | 1,059 |  | 1,095 |
Contract assets (total revenue in excess of billings) (2) | 1,652 |  | 1,684 |
Deferred inventory costs (3) | 245 |  | 360 |
Non-recurring engineering costs | 14 |  | — |
Contract and other deferred assets | $ | 1,911 |  | $ | 2,044 |
(1) | Reflects revenue earned in excess of billings on our long-term contracts to construct technically complex equipment.
(2) | Contract assets (total revenue in excess of billings) were $1,233 million as of January 1, 2017.
(3) | Deferred inventory costs were $276 million as of January 1, 2017, which represents cost deferral for shipped goods and other costs where the criteria for revenue recognition has not yet been met.
Contract liabilities are comprised of the following:
| June 30, 2018 | December 31, 2017
Progress collections | $ | 1,466 |  | $ | 1,456 |
Deferred income | 164 |  | 319 |
Progress collections and deferred income (contract liabilities) (1) | $ | 1,630 |  | $ | 1,775 |
(1) | Progress collections and deferred income (contract liabilities) were $2,038 million at January 1, 2017.

X
- Definition Tabular disclosure of contract balances and changes in contract balances. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=82913847&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueRecognitionAndDeferredRevenueAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration