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Revenue Recognition (Tables) | 6 Months Ended
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Jun. 30, 2023
Revenue from Contract with Customer [Abstract] |
Summary of Revenues Disaggregated Based on Type of Good or Service by Reportable Operating Segment and on Timing of Revenue Recognition | The following tables present revenue disaggregated based on major type of good or service and by reportable operating segment.
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, 2023 |  |  | June 30, 2023 |
|  | U.S. |  |  | International |  |  |  |  |  | U.S. |  |  | International |  |  |  |
|  | Operating |  |  | Operating |  |  |  |  |  | Operating |  |  | Operating |  |  |  |
|  | Segment (1) |  |  | Segment |  |  | Consolidated |  |  | Segment (1) |  |  | Segment |  |  | Consolidated |
Admissions revenue |  | $ | 373.4 |  |  | $ | 105.0 |  |  | $ | 478.4 |  |  | $ | 618.1 |  |  | $ | 171.3 |  |  | $ | 789.4 |
Concession revenue |  |  | 296.3 |  |  |  | 77.1 |  |  |  | 373.4 |  |  |  | 483.1 |  |  |  | 126.1 |  |  |  | 609.2 |
Screen advertising, screen rental and promotional revenue (2) |  |  | 24.7 |  |  |  | 13.5 |  |  |  | 38.2 |  |  |  | 46.5 |  |  |  | 22.8 |  |  |  | 69.3 |
Other revenue |  |  | 40.5 |  |  |  | 11.8 |  |  |  | 52.3 |  |  |  | 66.3 |  |  |  | 18.8 |  |  |  | 85.1 |
Total revenue |  | $ | 734.9 |  |  | $ | 207.4 |  |  | $ | 942.3 |  |  | $ | 1,214.0 |  |  | $ | 339.0 |  |  | $ | 1,553.0 |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, 2022 |  |  | June 30, 2022 |
|  | U.S. |  |  | International |  |  |  |  |  | U.S. |  |  | International |  |  |  |
|  | Operating |  |  | Operating |  |  |  |  |  | Operating |  |  | Operating |  |  |  |
|  | Segment (1) |  |  | Segment |  |  | Consolidated |  |  | Segment (1) |  |  | Segment |  |  | Consolidated |
Admissions revenue |  | $ | 309.7 |  |  | $ | 72.2 |  |  | $ | 381.9 |  |  | $ | 501.5 |  |  | $ | 116.2 |  |  | $ | 617.7 |
Concession revenue |  |  | 234.6 |  |  |  | 51.4 |  |  |  | 286.0 |  |  |  | 375.7 |  |  |  | 83.3 |  |  |  | 459.0 |
Screen advertising, screen rental and promotional revenue (2) |  |  | 21.4 |  |  |  | 11.3 |  |  |  | 32.7 |  |  |  | 40.1 |  |  |  | 19.4 |  |  |  | 59.5 |
Other revenue |  |  | 35.1 |  |  |  | 8.4 |  |  |  | 43.5 |  |  |  | 55.5 |  |  |  | 12.9 |  |  |  | 68.4 |
Total revenue |  | $ | 600.8 |  |  | $ | 143.3 |  |  | $ | 744.1 |  |  | $ | 972.8 |  |  | $ | 231.8 |  |  | $ | 1,204.6 |
(1) U.S. segment revenue excludes intercompany transactions with the international operating segment. See Note 16 for the amount of intercompany eliminations for the periods presented. (2) Amount includes amortization of NCM screen advertising advances. See S creen Advertising Advances and Other Deferred Revenue below. The following tables present revenue disaggregated based on timing of recognition and by reportable operating segment.
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, 2023 |  |  | June 30, 2023 |
|  | U.S. |  |  | International |  |  |  |  |  | U.S. |  |  | International |  |  |  |
|  | Operating |  |  | Operating |  |  |  |  |  | Operating |  |  | Operating |  |  |  |
|  | Segment (1) |  |  | Segment |  |  | Consolidated |  |  | Segment (1) |  |  | Segment |  |  | Consolidated |
Goods and services transferred at a point in time |  | $ | 714.7 |  |  | $ | 192.8 |  |  | $ | 907.5 |  |  | $ | 1,162.5 |  |  | $ | 312.0 |  |  | $ | 1,474.5 |
Goods and services transferred over time (2) |  |  | 20.2 |  |  |  | 14.6 |  |  |  | 34.8 |  |  |  | 51.5 |  |  |  | 27.0 |  |  |  | 78.5 |
Total |  | $ | 734.9 |  |  | $ | 207.4 |  |  | $ | 942.3 |  |  | $ | 1,214.0 |  |  | $ | 339.0 |  |  | $ | 1,553.0 |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, 2022 |  |  | June 30, 2022 |
|  | U.S. |  |  | International |  |  |  |  |  | U.S. |  |  | International |  |  |  |
|  | Operating |  |  | Operating |  |  |  |  |  | Operating |  |  | Operating |  |  |  |
|  | Segment (1) |  |  | Segment |  |  | Consolidated |  |  | Segment (1) |  |  | Segment |  |  | Consolidated |
Goods and services transferred at a point in time |  | $ | 573.8 |  |  | $ | 129.8 |  |  | $ | 703.6 |  |  | $ | 922.1 |  |  | $ | 208.4 |  |  | $ | 1,130.5 |
Goods and services transferred over time (2) |  |  | 27.0 |  |  |  | 13.5 |  |  |  | 40.5 |  |  |  | 50.7 |  |  |  | 23.4 |  |  |  | 74.1 |
Total |  | $ | 600.8 |  |  | $ | 143.3 |  |  | $ | 744.1 |  |  | $ | 972.8 |  |  | $ | 231.8 |  |  | $ | 1,204.6 |
(1) U.S. segment revenue excludes intercompany transactions with the international operating segment. See Note 16 for the amount of intercompany eliminations for the periods presented. Amount includes amortization of NCM screen advertising advances. See Screen Advertising Advances and Other Deferred Revenue below.
Changes in Deferred Revenues | The following table presents changes in the Company’s deferred revenue for the six months ended June 30, 2023.
|  | NCM screen advertising advances (1) |  |  | Other Deferred Revenue (2) |
Balance at January 1, 2023 |  | $ | 338.2 |  |  | $ | 194.9 |
Amounts recognized as accounts receivable |  |  | — |  |  |  | 0.8 |
Cash received from customers in advance |  |  | — |  |  |  | 143.8 |
Interest accrued related to significant financing component |  |  | 11.4 |  |  |  | — |
Revenue recognized during period |  |  | (16.2 | ) |  |  | (145.6 | )
Foreign currency translation adjustments |  |  | — |  |  |  | (0.6 | )
Balance at June 30, 2023 |  | $ | 333.4 |  |  | $ | 193.3 |
(1) See Note 8 for the maturity of NCM screen advertising advances as of June 30, 2023. (2) Includes liabilities associated with outstanding gift cards and discount ticket vouchers, points or rebates outstanding under the Company’s loyalty and membership programs and revenue not yet recognized for screen advertising and other promotional activities. Amounts are classified as accounts payable and accrued expenses or other long-term liabilities on the condensed consolidated balance sheet.
Aggregate Amount of Transaction Price Allocated to Performance Obligationt that are Unsatisfied and Expected to be Recognized | The table below summarizes the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied as of June 30, 2023 and when the Company expects to recognize this revenue.
|  |  | Twelve Months Ended June 30, |  |  |  |  |  |  |
Remaining Performance Obligations |  |  | 2024 |  |  | 2025 |  |  | Thereafter |  |  | Total |
Other deferred revenue |  |  | $ | 170.9 |  |  | $ | 22.4 |  |  | $ | — |  |  | $ | 193.3 |

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