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Costs and Estimated Earnings on Uncompleted Contracts (Tables)
3 Months Ended
Mar. 31, 2017
Text Block [Abstract]  
Costs and Estimated Earnings on Uncompleted Contracts

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

 

    March 31,
2017
    December 31,
2016
 

Costs incurred on uncompleted contracts

  $ 7,257     $ 8,132  

Estimated earnings

    3,424       3,869  
 

 

 

   

 

 

 
    10,681       12,001  

Less: Billings to date

    10,391       11,776  
 

 

 

   

 

 

 
  $ 290     $ 225  
 

 

 

   

 

 

 

Costs and estimated earnings in excess of billings on uncompleted contracts

  $ 653     $ 665  

Billings in excess of costs and estimated earnings on uncompleted contracts

    (363     (440
 

 

 

   

 

 

 
  $ 290     $ 225