XML 37 R25.htm IDEA: XBRL DOCUMENT v3.21.2

Revenue (Tables)

6 Months Ended

Jun. 30, 2021

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table illustrates the sources of revenue:

			Three Months Ended												Six Months Ended
			June 30,												June 30,
(in millions)			2021						2020						2021						2020
Revenue from contracts with customers			$	1,302					$	1,114					$	2,513					$	2,188
Lease Revenue			49						46						94						95
Total			$	1,351					$	1,160					$	2,607					$	2,283

The following table reflects revenue from contracts with customers by application. The table below also reflects updates to the aggregation of applications to simplify and focus presentation.

			Three Months Ended												Six Months Ended
			June 30,												June 30,
(in millions)			2021						2020						2021						2020
Water Infrastructure
Transport			$	414					$	350					$	784					$	668
Treatment			106						105						200						176
Applied Water
Commercial Building Services			155						133						302						270
Residential Building Services			73						54						140						104
Industrial Water			186						150						365						301
Measurement & Control Solutions
Water			288						240						571						505
Energy			80						82						151						164
Total			$	1,302					$	1,114					$	2,513					$	2,188

The following table reflects revenue from contracts with customers by geographical region. The presentation of geographic regions below has been updated to better align to how management currently focuses on revenue and growth platforms by geographic region. There has been no change to the Company's reportable segments.

			Three Months Ended												Six Months Ended
			June 30,												June 30,
(in millions)			2021						2020						2021						2020
Water Infrastructure
United States			$	142					$	144					$	265					$	265
Western Europe			190						157						363						299
Emerging Markets (a)			133						109						255						195
Other			55						45						101						85
Applied Water
United States			202						183						396						374
Western Europe			99						70						191						144
Emerging Markets (a)			81						61						159						111
Other			32						23						61						46
Measurement & Control Solutions
United States			224						212						437						433
Western Europe			69						51						143						114
Emerging Markets (a)			49						39						95						80
Other			26						20						47						42
Total			$	1,302					$	1,114					$	2,513					$	2,188

(a)Emerging Markets revenue includes results from the following regions: Eastern Europe, the Middle East and Africa, Latin America and Asia Pacific (excluding Japan, Australia and New Zealand, which are presented in "Other")

Contract with Customer, Asset and Liability

The table below provides contract assets, contract liabilities, and significant changes in contract assets and liabilities:

(in millions)			Contract Assets (a)			Contract Liabilities
Balance at January 1, 2020			$	106		$	135
Additions, net			63			85
Revenue recognized from opening balance			—			(70)
Billings transferred to accounts receivable			(60)			—
Other			(2)			(4)
Balance at June 30, 2020			$	107		$	146
Balance at January 1, 2021			$	117		$	166
Additions, net			78			99
Revenue recognized from opening balance			—			(93)
Billings transferred to accounts receivable			(74)			—
Other			—			(1)
Balance at June 30, 2021			$	121		$	171

(a)Excludes receivable balances which are disclosed on the balance sheet

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 http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

+ Details

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration