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Costs and Estimated Earnings on Uncompleted Contracts
6 Months Ended
Jun. 30, 2016
Text Block [Abstract]  
Costs and Estimated Earnings on Uncompleted Contracts

4. Costs and Estimated Earnings on Uncompleted Contracts

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

 

     June 30,
2016
     December 31,
2015
 

Costs incurred on uncompleted contracts

   $ 7,937       $ 9,082   

Estimated earnings

     3,700         4,080   
  

 

 

    

 

 

 
     11,637         13,162   

Less: Billings to date

     11,500         12,697   
  

 

 

    

 

 

 
   $ 137       $ 465   
  

 

 

    

 

 

 

Costs and estimated earnings in excess of billings on uncompleted contracts

   $ 790       $ 1,250   

Billings in excess of costs and estimated earnings on uncompleted contracts

     (653      (785
  

 

 

    

 

 

 
   $ 137       $ 465