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Costs and Estimated Earnings on Uncompleted Contracts
9 Months Ended
Sep. 30, 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):

 

     September 30,
2015
     December 31,
2014
 

Costs incurred on uncompleted contracts

   $ 10,905       $ 10,442   

Estimated earnings

     4,868         4,699   
  

 

 

    

 

 

 
     15,773         15,141   

Less: Billings to date

     15,284         15,038   
  

 

 

    

 

 

 
   $ 489       $ 103   
  

 

 

    

 

 

 

Costs and estimated earnings in excess of billings on uncompleted contracts

   $ 1,669       $ 1,878   

Billings in excess of costs and estimated earnings on uncompleted contracts

     (1,180      (1,775
  

 

 

    

 

 

 
   $ 489       $ 103