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v3.22.2

Contract and Other Deferred Assets (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |  |  |  |
Contract assets (total revenue in excess of billings) | $ 1,387 |  | $ 1,387 |  | $ 1,414
Deferred inventory costs | 128 |  | 128 |  | 156
Non-recurring engineering costs | 32 |  | 32 |  | 28
Contract and other deferred assets | 1,547 |  | 1,547 |  | 1,598
Revenue recognized from performance obligations satisfied in previous periods | 17 | $ 9 | 13 | $ 9 |
Long-term product service agreements |  |  |  |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |  |  |  |
Contract assets (total revenue in excess of billings) | 435 |  | 435 |  | 589
Long-term equipment contracts |  |  |  |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |  |  |  |
Contract assets (total revenue in excess of billings) | $ 952 |  | $ 952 |  | $ 825

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- Definition Amount, after allowance for credit loss, of right to consideration in exchange for good or service transferred to customer when right is conditioned on something other than passage of time, classified as noncurrent. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 45 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126919976&loc=SL49130533-203044 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 8 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130549-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=126919976&loc=SL49130531-203044 + Details
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