XML 60 R12.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Percentage-Of-Completion Contracts | 6 Months Ended
--- | ---
Jun. 30, 2015
Contractors [Abstract] |
Percentage-of-Completion Contracts | Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts and Billings in Excess of Costs and Estimated Earnings on Uncompleted Contracts Our CIE balances by business segment are as follows:
| June 30, |  | December 31,
Dollars in millions | 2015 |  | 2014
Technology & Consulting | $ | 38 |  |  | $ | 38 |
Engineering & Construction | 200 |  |  | 357 |
Government Services | 89 |  |  | 73 |
Subtotal | 327 |  |  | 468 |
Non-strategic Business | 5 |  |  | 22 |
Total | $ | 332 |  |  | $ | 490 |
Our BIE balances by business segment are as follows:
| June 30, |  | December 31,
Dollars in millions | 2015 |  | 2014
Technology & Consulting | $ | 69 |  |  | $ | 56 |
Engineering & Construction | 209 |  |  | 212 |
Government Services | 89 |  |  | 93 |
Subtotal | 367 |  |  | 361 |
Non-strategic Business | 117 |  |  | 170 |
Total | $ | 484 |  |  | $ | 531 |
Unapproved change orders and claims The amounts of unapproved change orders and claims included in determining the profit or loss on contracts are as follows:
Dollars in millions | 2015 |  | 2014
Amounts included in project estimates-at-completion at January 1, | $ | 31 |  |  | $ | 115 |
Changes in estimates-at-completion | 42 |  |  | 3 |
Approved (a) | (27 | ) |  | (56 | )
Amounts included in project estimates-at-completion at June 30, | $ | 46 |  |  | $ | 62 |
Amounts recorded in revenues on a percentage-of-completion basis at June 30, | $ | 35 |  |  | $ | 36 |
(a) | Includes $6 million of adjustments associated with the sale of our Building Group subsidiary.
The table above excludes unapproved change orders and claims related to our unconsolidated affiliates. Our proportionate share of unapproved change orders and claims on a percentage-of-complete basis was $73 million as of June 30, 2015 and $90 million as of June 30, 2014 on a project in our E&C business segment. Liquidated damages Some of our engineering and construction contracts have schedule dates and performance obligations that if not met could subject us to penalties for liquidated damages. These generally relate to specified activities that must be completed by a set contractual date or by achievement of a specified level of output or throughput. Each contract defines the conditions under which a customer may make a claim for liquidated damages. However, in some instances, liquidated damages are not asserted by the customer, but the potential to do so is used in negotiating or settling claims and closing out the contract. It is possible that liquidated damages related to several projects totaling $8 million at June 30, 2015 and $12 million at December 31, 2014, respectively, (including amounts related to our share of unconsolidated subsidiaries), could be incurred if the projects are completed as currently forecasted. However, based upon our evaluation of our performance we have concluded these liquidated damages are not probable; therefore, they have not been recognized.

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

X
- Definition The entire disclosure for long-term contracts or programs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 912 -SubTopic 275 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51673126&loc=d3e54651-109401 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.6(d)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3(c)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 912 -SubTopic 405 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=51665394&loc=d3e56414-109416 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 605 -SubTopic 35 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=51667902&loc=d3e58033-111643 + Details
Name: | us-gaap_LongTermContractsOrProgramsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration