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Costs and Estimated Earnings on Uncompleted Contracts
9 Months Ended
Sep. 30, 2014
Text Block [Abstract]  
Costs and Estimated Earnings on Uncompleted Contracts
5. Costs and Estimated Earnings on Uncompleted Contracts

Costs and estimated earnings on uncompleted contracts consist of (in millions):

 

     September 30,
2014
    December 31,
2013
 

Costs incurred on uncompleted contracts

   $ 10,544      $ 7,608   

Estimated earnings

     4,810        3,553   
  

 

 

   

 

 

 
     15,354        11,161   

Less: Billings to date

     15,548        11,393   
  

 

 

   

 

 

 
   $ (194   $ (232
  

 

 

   

 

 

 

Costs and estimated earnings in excess of billings on uncompleted contracts

   $ 1,615      $ 1,539   

Billings in excess of costs and estimated earnings on uncompleted contracts

     (1,809     (1,771
  

 

 

   

 

 

 
   $ (194   $ (232