v3.23.1

CONTRACT AND OTHER DEFERRED ASSETS (Tables)

3 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Contract Assets

Contract assets are comprised of the following:

			March 31, 2023			December 31, 2022
Long-term product service agreements			$	396		$	392
Long-term equipment contracts and certain other service agreements			1,034			955
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 (1)			31			31
Contract and other deferred assets			$	1,603		$	1,503

(1)     Other costs to fulfill or obtain a contract consist primarily of non-recurring engineering costs incurred and expected to be recovered.

Contract liabilities are comprised of the following:

			March 31, 2023			December 31, 2022
Progress collections			$	4,282		$	3,713
Deferred income			152			109
Progress collections and deferred income (contract liabilities)			$	4,434		$	3,822

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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

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X

- References

No definition available.

+ Details

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