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CONTRACT ASSETS AND CONTRACT LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Change in Carrying Amount of Contract Assets and Contract Liabilities

The change in the carrying amount of contract assets and contract liabilities for the three months ended March 31, 2023 and 2022 is as follows:

			Contract Assets
In millions			2023						2022
Balance at beginning of year			$	706					$	545
Acquisitions/adjustments			(2)						—
Recognized in current year			235						165
Reclassified to accounts receivable			(135)						(140)
Foreign currency impact			3						(2)
Balance at March 31			$	807					$	568
			Contract Liabilities
In millions			2023						2022
Balance at beginning of year			$	956					$	824
Recognized in current year			271						231
Amounts in beginning balance reclassified to revenue			(250)						(191)
Current year amounts reclassified to revenue			(70)						(44)
Foreign currency impact			7						(4)
Balance at March 31			$	914					$	816

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- 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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- References

No definition available.

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