Trade and other receivables, net

3 Months Ended

Mar. 31, 2022

Trade and other receivables, net

Trade and other receivables, net

3. TRADE AND OTHER RECEIVABLES, NET

	March 31,		December 31,
	2022		2021
Billed	$	163	$	162
Unbilled		123		143
Total trade receivables		286		305
Orbital receivables, current portion		45		49
Other		3		2
Allowance for doubtful accounts		(1)		(1)
Trade and other receivables, net	$	333	$	355

The Company had orbital receivables from 13 customers for which the largest customer’s value represented 30% of the stated current and non-current balance sheet values as of both March 31, 2022 and December 31, 2021.

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 10 for additional details regarding the adjustment to revenue.

There have been no changes in the allowance for expected credit losses related to non-current orbital receivables for the three months ended March 31, 2022.

Securitization liabilities as of March 31, 2022 and December 31, 2021, are as follows:

	March 31,		December 31,
	2022		2021
Current portion	$	16	$	16
Non-current portion		28		32
Total securitization liabilities	$	44	$	48