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CONTRACT ASSETS AND CONTRACT LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2024

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, 2024 and 2023 is as follows:

			Contract Assets
In millions			2024						2023
Balance at beginning of year			$	678					$	706
Recognized in current year			382						358
Reclassified to accounts receivable			(353)						(208)
Acquisitions/adjustments			—						(2)
Foreign currency impact			(8)						5
Balance at June 30			$	699					$	859
			Contract Liabilities
In millions			2024						2023
Balance at beginning of year			$	1,082					$	956
Recognized in current year			734						561
Amounts in beginning balance reclassified to revenue			(388)						(439)
Current year amounts reclassified to revenue			(359)						(149)
Acquisitions			—						1
Foreign currency impact			(20)						4
Balance at June 30			$	1,049					$	934

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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

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- References

No definition available.

+ Details

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