XML 21 R11.htm IDEA: XBRL DOCUMENT
v3.19.2

Revenue | 6 Months Ended
--- | ---
Jun. 30, 2019
Revenue from Contract with Customer [Abstract] |
Revenue | Revenue For the three and six months ended June 30, 2019 and 2018, the Company recognized revenue as follows:
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Revenue recognized over time | $ | 1,496 |  |  | $ | 1,508 |  |  | $ | 2,861 |  |  | $ | 2,935 |
Revenue recognized at a point in time | 1,539 |  |  | 1,538 |  |  | 2,929 |  |  | 2,308 |
Total revenue | $ | 3,035 |  |  | $ | 3,046 |  |  | $ | 5,790 |  |  | $ | 5,243 |
See Note T for further disaggregation of the Company's revenue. The Company has applied the practical expedient to exclude disclosure of remaining performance obligations as its binding orders typically have a term of one year or less. Contract Assets and Contract Liabilities Contract assets are recorded for revenue recognized over time when the Company has determined that control for a performance obligation has passed to the customer, but the right to invoice the customer is contingent upon the completion of the performance obligations included in the contract. Contract liabilities are established if the Company must defer the recognition of a portion of consideration received because it has to satisfy a future obligation. Contract assets are typically recognized for work in process related to the Company's three-piece printed products. The Company's equipment business may record contract assets or contract liabilities depending on the timing of satisfaction of performance obligations and receipt of consideration from the customer. Contract assets and liabilities are reported in a net position on a contract-by-contract basis. Net contract assets were as follows:
| June 30, 2019 |  | December 31, 2018
Contract assets included in prepaid and other current assets | $ | 22 |  |  | $ | 16 |
Contract liabilities included in accrued liabilities | (4 | ) |  | (3 | )
Contract liabilities included in other non-current liabilities | (3 | ) |  | (5 | )
Net contract asset | $ | 15 |  |  | $ | 8 |
Contract assets at June 30, 2019, primarily relates to revenue recognized for customized work-in-process inventory in the Company's three-piece food can product businesses. During the six months ended June 30, 2019, the Company recognized revenue of $1 related to contract liabilities at December 31, 2018 for performance obligations satisfied during the period.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration