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Unearned Revenue

3 Months Ended

Mar. 31, 2025

Revenue Recognition and Deferred Revenue [Abstract]

Unearned Revenue

Unearned Revenue

The following table presents our unearned revenue disaggregated by customer type as of the respective periods:

(in thousands)			March 31, 2025						December 31, 2024
Public			$	3,114,074					$	2,801,273
Private			719,801						783,105
Total			$	3,833,875					$	3,584,378

All unearned revenue is in the Construction segment. Approximately $2.8 billion of the March 31, 2025 unearned revenue is expected to be recognized within the next twelve months and the remaining amount will be recognized thereafter.

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- Definition

Represents information related to unearned revenue from unsatisfied performance obligations.

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No definition available.

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- References

No definition available.

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