v3.23.1

CONTRACT AND OTHER DEFERRED ASSETS (Details) - USD ($) $ in Millions | 3 Months Ended |
--- | --- | ---
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |  |
Contract assets (total revenue in excess of billings) | $ 1,430 |  | $ 1,347
Deferred inventory costs | 142 |  | 125
Other costs to fulfill or obtain a contract | 31 |  | 31
Contract and other deferred assets | 1,603 |  | 1,503
Revenue recognized from performance obligations satisfied in previous periods | 1 | $ (4) |
Long-term product service agreements |  |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |  |
Contract assets (total revenue in excess of billings) | 396 |  | 392
Long-term equipment contracts and certain other service agreements |  |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |  |
Contract assets (total revenue in excess of billings) | $ 1,034 |  | $ 955

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