Receivables, Net

12 Months Ended

Dec. 31, 2019

Receivables, Net

Receivables, Net

8. Receivables, Net

	December 31,		December 31,
($ in millions)	2019		2018
Trade accounts receivable	$	647	$	812
Unbilled receivables		556		478
Less allowance for doubtful accounts		(17)		(10)
Net trade accounts receivable		1,186		1,280
Other receivables		445		522
	$	1,631	$	1,802

Net accounts receivable under long-term contracts, due primarily from agencies of the U.S. government and their prime contractors, were $247 million and $240 million at December 31, 2019 and 2018, respectively, and included $164 million at each period end, representing the recognized sales value of performance that was not yet billable to customers. The average length of the long-term contracts is approximately 2.75 years, and the average length remaining on those contracts at December 31, 2019, was one year. At December 31, 2019, $247 million of net accounts receivables is expected to be collected within the next year and is related to customary fees and cost withholdings that will be paid upon milestone or contract completions, as well as final overhead rate settlements.

Other receivables include income and sales tax receivables, related party receivables and other miscellaneous receivables.

The company has entered into several regional uncommitted and committed accounts receivable factoring programs with various financial institutions for certain receivables of the company. Programs accounted for as true sales of the receivables, without recourse to Ball, had combined limits of approximately $1.4 billion and $1.2 billion at December 31, 2019 and 2018, respectively. A total of $230 million and $178 million were available for sale under these programs as of December 31, 2019 and 2018, respectively.