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Revenue from Contracts with Customers (Tables)
 12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Change in Estimate at Completion Adjustments
EAC adjustments had the following impacts to revenue for the periods presented:
Year Ended December 31,
(Dollars in millions)202320222021
Revenue$(23)$(26)$(34)
Total % of Revenue1 %1 %1 %
Schedule of Contract Assets and Contract Liabilities Contract assets and contract liabilities as of the dates presented were:
December 31,
(Dollars in millions)20232022
Contract assets$908 $872 
Contract liabilities335 233 
Net contract assets
$573 $639 
Schedule of Remaining Performance Obligations, Expected Timing of Satisfaction
The following table summarizes the value of our backlog at December 31, 2023 and 2022, incorporating both funded and unfunded components:
December 31,
(Dollars in millions)20232022
Funded$3,397 $2,783 
Unfunded4,354 1,486 
Total Backlog
$7,751 $4,269 
Schedule of Disaggregation of Revenue We believe these categories best depict how the nature, amount, timing and uncertainty of ASC revenue and cash flows are affected by economic factors.
Year Ended December 31,
(Dollars in millions)202320222021
Revenue by Geographical Region
United States$1,537 $1,543 $1,808 
International269 169 113 
Intersegment Sales25 21 19 
Total
$1,831 $1,733 $1,940 
Revenue by Customer Relationship
Prime contractor$858 $918 $1,209 
Subcontractor948 794 712 
Intersegment Sales25 21 19 
Total
$1,831 $1,733 $1,940 
Revenue by Contract Type
Firm-Fixed Price
$1,522 $1,494 $1,667 
Flexibly Priced(1)
284 218 254 
Intersegment Sales25 21 19 
Total
$1,831 $1,733 $1,940 
________________
(1)Includes revenue derived from cost-type and time-and-materials contracts.
We believe these categories best depict how the nature, amount, timing and uncertainty of IMS revenue and cash flows are affected by economic factors.
Year Ended December 31,
(Dollars in millions)202320222021
Revenue by Geographical Region
United States$1,006 $956 $913 
International14 25 45 
Intersegment Sales1 2 1 
Total
$1,021 $983 $959 
Revenue by Customer Relationship
Prime contractor$252 $186 $174 
Subcontractor768 795 784 
Intersegment Sales1 2 1 
Total
$1,021 $983 $959 
Revenue by Contract Type
Firm-Fixed Price
$851 $853 $831 
Flexibly Priced(1)
169 128 127 
Intersegment Sales1 2 1 
Total
$1,021 $983 $959 
________________
(1)Includes revenue derived from cost-type and time-and-materials contracts.