XML 23 R15.htm IDEA: XBRL DOCUMENT v3.23.2
RECEIVABLES, PREPAYMENTS AND OTHER ASSETS
 6 Months Ended
Jun. 30, 2023
Trade and other current receivables [abstract]  
Receivables, Prepayments and Other Assets Receivables, Prepayments and Other Assets
(in millions)June 30,
2023		December 31,
2022
Current:
Trade receivables, other than related parties
$857 $824 
Other receivables237 497 
Unbilled accounts receivable (1)
34 24 
Receivables from government grants51 52 
Receivables from related parties7 11 
Other current financial assets46 79 
$1,232 $1,487 
Non-current:
Advances to suppliers $224 $235 
Other24 46 
Total$248 $281 
(1) Unbilled accounts receivable represents amounts recognized on revenue contracts less associated advances and progress billings. These amounts will be billed in accordance with the agreed-upon contractual terms or rendering services.

The following table summarizes the activity in the Company’s unbilled accounts receivable for the six months ended June 30, 2023 and the twelve months ended December 31, 2022, respectively:

(in millions)June 30,
2023		December 31,
2022
Balance, beginning of period$24 $43 
Revenue recognized during the period48 87 
Amounts invoiced(38)(106)
Balance, end of period$34 $24