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Costs and Estimated Earnings on Uncompleted Contracts
3 Months Ended
Mar. 31, 2015
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):

 

     March 31,
2015
     December 31,
2014
 

Costs incurred on uncompleted contracts

   $ 10,740       $ 10,442   

Estimated earnings

     4,734         4,699   
  

 

 

    

 

 

 
  15,474      15,141   

Less: Billings to date

  15,045      15,038   
  

 

 

    

 

 

 
$ 429    $ 103   
  

 

 

    

 

 

 

Costs and estimated earnings in excess of billings on uncompleted contracts

$ 1,926    $ 1,878   

Billings in excess of costs and estimated earnings on uncompleted contracts

  (1,497   (1,775
  

 

 

    

 

 

 
$ 429    $ 103