v3.23.3

PROGRESS COLLECTIONS AND DEFERRED INCOME (Tables)

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Contract Liabilities

Contract assets are comprised of the following:

			September 30, 2023			December 31, 2022
Long-term product service agreements			$	397		$	392
Long-term equipment contracts and certain other service agreements			1,224			955
Contract assets (total revenue in excess of billings)			1,621			1,347
Deferred inventory costs			122			125
Other costs to fulfill or obtain a contract (1)			35			31
Contract and other deferred assets			$	1,778		$	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:

			September 30, 2023			December 31, 2022
Progress collections			$	5,046		$	3,713
Deferred income			141			109
Progress collections and deferred income (contract liabilities)			$	5,187		$	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
-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.

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