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Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Contract with Customer, Contract Asset, Contract Liability, and Receivable

The following table provides a rollforward of the contract assets reflected in the Consolidated Balance Sheets for the three and nine months ended September 30, 2024 and 2023.

			2024						2023
Beginning balance as of January 1			$	82					$	130
Amounts reclassified to receivables			(15)						(11)
Revenues recognized			14						31
Ending balance as of March 31			81						150
Amounts reclassified to receivables			(4)						(76)
Revenues recognized			16						15
Ending balance as of June 30			93						89
Amounts reclassified to receivables			(44)						(32)
Revenues recognized			37						12
Ending balance as of September 30			$	86					$	69

The following table provides a rollforward of the contract liabilities reflected in the Consolidated Balance Sheets for the three and nine months ended September 30, 2024 and 2023.

			2024						2023
Beginning balance as of January 1			$	40					$	47
Consideration received or due			49						131
Revenues recognized			(55)						(115)
Ending balance as of March 31			34						63
Consideration received or due			47						81
Revenues recognized			(46)						(92)
Ending balance as of June 30			35						52
Consideration received or due			11						56
Revenues recognized			(11)						(68)
Ending balance as of September 30			$	35					$	40

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

The following table shows the amounts of future revenues expected to be recorded in each year for performance obligations that are unsatisfied or partially unsatisfied as of September 30, 2024. This disclosure only includes contracts for which the total consideration is fixed and determinable at contract inception. The average contract term varies by customer type and commodity but ranges from one month to several years. This disclosure excludes mark-to-market derivatives and certain power and gas sales contracts which contain variable volumes and/or variable pricing.

						2024						2025						2026						2027						2028 and thereafter						Total
Remaining performance obligations						$	47					$	139					$	98					$	86					$	295					$	665

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

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X

- References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-SubTopic 10
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

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