Trade and other receivables, net

9 Months Ended

Sep. 30, 2021

Trade and other receivables, net

Trade and other receivables, net

5. TRADE AND OTHER RECEIVABLES, NET

	September 30,		December 31,
	2021		2020
Billed	$	161	$	181
Unbilled		150		95
Total trade receivables		311		276
Orbital receivables, current portion		49		49
Other		5		3
Allowance for doubtful accounts		—		(1)
Trade and other receivables, net	$	365	$	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 by $15 million and $14 million, respectively. See Note 12 for additional details regarding the adjustment to revenue.

As of September 30, 2021 and December 31, 2020, non-current orbital receivables, net of allowance for expected credit losses were $324 million and $361 million, respectively.

The Company had orbital receivables from 13 customers for which the largest customer’s value represents 21% and 19% of the stated current and non-current balance sheet values as of September 30, 2021 and December 31, 2020, respectively.

The changes in allowance for expected credit losses related to non-current orbital receivables for the nine months ended September 30, 2021, consist of the following:

	Orbital Receivables Allowance
Allowance as of December 31, 2020	$	(49)
Additions		—
Allowance as of September 30, 2021	$	(49)

Securitization liabilities as of September 30, 2021 and December 31, 2020, are as follows:

	September 30,		December 31,
	2021		2020
Current portion	$	15	$	14
Non-current portion		37		47
Total securitization liabilities	$	52	$	61