Contracts in Progress
|9 Months Ended|
Sep. 30, 2023
|Revenue from Contract with Customer [Abstract]|
|Contracts in Progress||Contracts in Progress
Costs and billings on uncompleted construction-type contracts consist of the following (in millions):
The carrying amounts related to uncompleted construction-type contracts are included in the accompanying Condensed Consolidated Balance Sheets under the following captions (in millions):
(1)Included in other assets within the Condensed Consolidated Balance Sheets.
(2)Included in deferred contract revenue – current within the Condensed Consolidated Balance Sheets.
(3)Included in other liabilities within the Condensed Consolidated Balance Sheets.
For the three and nine months ended September 30, 2023 the Company has recognized revenue of $1.2 million and $14.8 million, respectively, related to the contract liabilities balance as of December 31, 2022.
The entire disclosure for long-term contracts or programs.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef