v3.26.3
Unearned Revenue
9 Months Ended
Sep. 30, 2026
Revenue Recognition and Deferred Revenue [Abstract]  
Unearned Revenue Unearned Revenue
The following table presents our unearned revenue disaggregated by customer type as of the respective periods:
(in thousands)September 30, 2026December 31, 2025
Public$4,134,440 $3,628,561 
Private718,481 494,552 
Total$4,852,921 $4,123,113 
All unearned revenue is in the Construction segment. Approximately $3.5 billion of the September 30, 2026 unearned revenue is expected to be recognized within the next twelve months and the remaining amount will be recognized thereafter.