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CONTRACT ASSETS AND CONTRACT LIABILITIES (Tables) | 6 Months Ended
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Jun. 30, 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 six months ended June 30, 2023 and 2022 is as follows:
| Contract Assets
In millions | 2023 |  | 2022
Balance at beginning of year | $ | 706 |  |  | $ | 545 |
Recognized in current year | 358 |  |  | 284 |
Reclassified to accounts receivable | (208) |  |  | (225) |
Acquisitions/adjustments | (2) |  |  | 28 |
Foreign currency impact | 5 |  |  | (20) |
Balance at June 30 | $ | 859 |  |  | $ | 612 |
| Contract Liabilities
In millions | 2023 |  | 2022
Balance at beginning of year | $ | 956 |  |  | $ | 824 |
Recognized in current year | 561 |  |  | 453 |
Amounts in beginning balance reclassified to revenue | (439) |  |  | (277) |
Current year amounts reclassified to revenue | (149) |  |  | (169) |
Acquisitions | 1 |  |  | 12 |
Foreign currency impact | 4 |  |  | (17) |
Balance at June 30 | $ | 934 |  |  | $ | 826 |

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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 -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 + Details
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- References No definition available. + Details
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