Trade and other receivables, net

3 Months Ended

Mar. 31, 2021

Trade and other receivables, net

Trade and other receivables, net

4. TRADE AND OTHER RECEIVABLES, NET

	March 31,		December 31,
	2021		2020
Billed	$	158	$	181
Unbilled		111		95
Total trade receivables		269		276
Orbital receivables, current portion		49		49
Other		1		3
Allowance for doubtful accounts		(1)		(1)
Trade and other receivables, net	$	318	$	327

During the first quarter of 2021, the Company reduced its outstanding receivables related to the SXM-7 satellite for the final milestone and expected orbital payments of $15 million and $14 million, respectively.

The Company had orbital receivables from 14 customers for which the largest customer’s value represents 22% and 19% of the stated balance sheet value as of March 31, 2021 and December 31, 2020, respectively.

As of March 31, 2021 and December 31, 2020, non-current orbital receivables, net of allowance for expected credit losses were $339 million and $361 million, respectively.

The changes in allowance for expected credit losses related to non-current orbital receivables for the three months ended March 31, 2021, consist of the following:

	Orbital Receivables Allowance
Allowance as of December 31, 2020	$	(49)
Additions		—
Allowance as of March 31, 2021	$	(49)

Securitization liabilities as of March 31, 2021 and December 31, 2020, are as follows:

	March 31,		December 31,
	2021		2020
Current portion	$	14	$	14
Non-current portion		44		47
Total securitization liabilities	$	58	$	61