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Remaining Unsatisfied Performance Obligations | 3 Months Ended
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Mar. 31, 2020
Revenue from Contract with Customer [Abstract] |
Remaining Unsatisfied Performance Obligations | Contract Assets and Liabilities The following summarizes information about our contract assets and liabilities:
(in millions) | March 31, 2020 | December 31, 2019
Information about contract assets: |  |
Contract assets |  |
Unbilled receivables | $ | 840 |  | $ | 851 |
Contract work in progress | 471 |  | 387 |
Contract assets | $ | 1,311 |  | $ | 1,238 |
Advance billings deducted from contract assets | $ | 515 |  | $ | 574 |
| Three Months Ended March 31,
(in millions) | 2020 | 2019
Information about contract liabilities: |  |
Revenue recognized during the year that was included in contract liabilities as of January 1 | $ | 543 |  | $ | 581 |
Remaining Unsatisfied Performance Obligations We estimate that our RUPO will be satisfied over the following periods:
(in millions) | March 31, 2020
Within 1 year | $ | 14,775 |
1 to 2 years | 8,103 |
Thereafter | 6,514 |
Total remaining unsatisfied performance obligations | $ | 29,392 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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