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v3.22.2.2

Contract Assets and Liabilities (Tables) | 9 Months Ended
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Sep. 30, 2022
Revenue from Contract with Customer [Abstract] |
Summary of contract assets and liabilities | The following summarizes information about our contract assets and liabilities:
(in millions) | September 30, 2022 | December 31, 2021
Information about contract assets: |  |
Contract assets |  |
Unbilled receivables - reimbursable contracts | $ | 804 |  | $ | 822 |
Contract work in progress - lump-sum contracts | 208 |  | 244 |
Contract assets | $ | 1,012 |  | $ | 1,066 |
Advance billings deducted from contract assets | $ | 219 |  | $ | 208 |
| 9ME September 30,
(in millions) | 2022 | 2021
Information about contract liabilities: |  |
Revenue recognized that was included in contract liabilities as of January 1 | $ | 812 |  | $ | 882 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
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- References No definition available. + Details
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