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Contract Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Contract Assets and Liabilities

The following summarizes information about our contract assets and liabilities:

(in millions)			March 31, 2025			December 31, 2024
Information about contract assets:
Contract assets
Unbilled receivables - reimbursable contracts			$	1,265		$	1,050
Contract work in progress - lump-sum contracts			45			88
Contract assets			$	1,310		$	1,138
			3ME March 31,
(in millions)			2025			2024
Information about contract liabilities:
Revenue recognized that was included in contract liabilities as of January 1			$	367		$	278

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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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

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- References

No definition available.

+ Details

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