Trade and other receivables, net

9 Months Ended

Sep. 30, 2022

Trade and other receivables, net

Trade and other receivables, net

3. TRADE AND OTHER RECEIVABLES, NET

	September 30,		December 31,
	2022		2021
Billed	$	195	$	162
Unbilled		157		143
Total trade receivables		352		305
Orbital receivables, current portion		44		49
Other		4		2
Allowance for doubtful accounts		(1)		(1)
Trade and other receivables, net	$	399	$	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 September 30, 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 nine months ended September 30, 2022.

Securitization liabilities are as follows:

	September 30,		December 31,
	2022		2021
Current portion	$	17	$	16
Non-current portion		21		32
Total securitization liabilities	$	38	$	48